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.

• 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 was 43.82% for Q1 2026 at Illinois Tool Works, down from 44.2% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 97.06% in Q1 2024 to a low of 40.16% in Q1 2022.
• Historically, Gross Margin has averaged 45.9% across 5 years, with a median of 43.51% in 2024.
• The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 5530 bps in 2024, then slumped 5335 bps in 2025.
• A 5-year view of Gross Margin shows it 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.
• The last three Gross Margin figures came in at 43.82% (Q1 2026), 44.2% (Q4 2025), and 44.49% (Q3 2025), per Business Quant data.