Illinois Tool Works (ITW) Cost of Revenue (2009 - 2026)
Illinois Tool Works' Cost of Revenue came in at $2.4 billion for Q2 2026, up 5.8% from $2.27 billion a year earlier and up 6.5% from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Illinois Tool Works reported Cost of Revenue of $9.2 billion, up 3.5% year-over-year; for FY2025, it was $8.97 billion, up 1.3% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 4.0% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $8.86 billion in FY2024 (-4.9%), $9.32 billion in FY2023 (-1.2%), $9.43 billion in FY2022 (+11.1%) and $8.49 billion in FY2021 (+15.1%).
- The Q2 2026 figure represents the highest quarterly Cost of Revenue since Q2 2012.
- Year-over-year, Cost of Revenue has increased for six consecutive quarters, with growth averaging 0.9% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q1 2022 (growth of 15.6%), and the weakest in Q1 2024 (a decline of 8.4%).
- Business Quant data shows ITW's Cost of Revenue at $2.26 billion (Q1 2026), $2.28 billion (Q4 2025) and $2.25 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 12.78 Bn |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 5.21 Bn |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 7.95 Bn |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 5.68 Bn |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 3.51 Bn |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 2.04 Bn |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 2.22 Bn |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 3.82 Bn |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 2.40 Bn |
| 10 | Cummins | 72.76 Bn | 69.90 Bn | 2.47 Bn | 6.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.40 Bn |
| Mar 31, 2026 | 2.26 Bn |
| Dec 31, 2025 | 2.28 Bn |
| Sep 30, 2025 | 2.25 Bn |
| Jun 30, 2025 | 2.27 Bn |
| Mar 31, 2025 | 2.16 Bn |
| Dec 31, 2024 | 2.22 Bn |
| Sep 30, 2024 | 2.23 Bn |
| Jun 30, 2024 | 2.26 Bn |
| Mar 31, 2024 | 2.15 Bn |
| Dec 31, 2023 | 2.31 Bn |
| Sep 30, 2023 | 2.32 Bn |
| Jun 30, 2023 | 2.34 Bn |
| Mar 31, 2023 | 2.34 Bn |
| Dec 31, 2022 | 2.31 Bn |
| Sep 30, 2022 | 2.37 Bn |
| Jun 30, 2022 | 2.39 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 2.19 Bn |
| Sep 30, 2021 | 2.10 Bn |
API Access
Illinois Tool Works Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ITW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();