Illinois Tool Works (ITW) Gross Margin (2009 - 2026)
Illinois Tool Works (ITW) posted quarterly Gross Margin of 43.82% for Q1 2026, up 12.0% year-over-year from 39.13% in Q1 2025, and down 0.84% quarter-over-quarter from 44.2% in Q4 2025.
Illinois Tool Works (ITW) Gross Margin (2009 - 2026) Analysis & Trends
Illinois Tool Works' Gross Margin history runs 18 years deep, the most recent figure standing at 43.82% for Q1 2026.
- In Q1 2026, Gross Margin rose 12.0% year-over-year to 43.82%; the TTM figure through Mar 2026 stood at 44.12% (up 41.0% YoY), while the FY2025 annual figure was 44.1%, down 18.0% from the prior year.
- Gross Margin for Q1 2026 stood at 43.82%, down from 44.2% in the prior quarter.
- The five-year high for Gross Margin was 97.06% in Q1 2024, with the low at 40.16% in Q1 2022.
- The 5-year median for Gross Margin is 43.51% (2024), against an average of 45.9%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 5530 bps in 2024, then sank 5335 bps in 2025.
- Illinois Tool Works' Gross Margin stood at 41.85% in 2022, then increased by 0 bps to 41.95% in 2023, then rose by 4 bps to 43.51% in 2024, then rose by 2 bps to 44.2% in 2025, then dropped by 1 bps to 43.82% in 2026.
- Business Quant data shows ITW's Gross Margin at 43.82% in Q1 2026, 44.2% in Q4 2025, and 44.49% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 42.10% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 29.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.13% |
| Mar 31, 2026 | 43.82% |
| Dec 31, 2025 | 44.20% |
| Sep 30, 2025 | 44.49% |
| Jun 30, 2025 | 43.97% |
| Mar 31, 2025 | 43.71% |
| Dec 31, 2024 | 43.51% |
| Sep 30, 2024 | 43.77% |
| Jun 30, 2024 | 43.83% |
| Mar 31, 2024 | 97.06% |
| Dec 31, 2023 | 41.95% |
| Sep 30, 2023 | 42.47% |
| Jun 30, 2023 | 42.46% |
| Mar 31, 2023 | 41.75% |
| Dec 31, 2022 | 41.85% |
| Sep 30, 2022 | 40.89% |
| Jun 30, 2022 | 40.36% |
| Mar 31, 2022 | 40.16% |
| Dec 31, 2021 | 40.45% |
| Sep 30, 2021 | 41.06% |