Illinois Tool Works (ITW) Gross Margin (2009 - 2026)

Illinois Tool Works' Gross Margin history runs 18 years deep, the most recent figure standing at 43.82% for Q1 2026.

• On a quarterly basis, Gross Margin rose 12.0% year-over-year to 43.82% in Q1 2026; TTM through Mar 2026 was 44.12%, a 41.0% increase from a year earlier, with the FY2025 full-year figure at 44.1%, down 18.0% from the prior year.
• Gross Margin retreated to 43.82% in Q1 2026 per ITW's latest filing, from 44.2% in the prior quarter.
• Across five years, Gross Margin topped out at 97.06% in Q1 2024 and bottomed at 40.16% in Q1 2022.
• The 5-year median for Gross Margin is 43.51% (2024), against an average of 45.9%.
• Across the five-year window, Gross Margin soared 5530 bps in 2024 and slumped 5335 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 41.85% in 2022, then rose by 0 bps to 41.95% in 2023, then gained by 4 bps to 43.51% in 2024, then gained by 2 bps to 44.2% in 2025, then declined by 1 bps to 43.82% in 2026.
• Per Business Quant, the three latest ITW Gross Margin figures stand at 43.82% (Q1 2026), 44.2% (Q4 2025), and 44.49% (Q3 2025).