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

Illinois Tool Works has reported Gross Margin for 18 years, with the latest figure at 44.13% in Q2 2026.

• On a quarterly basis, Gross Margin rose 16.0% year-over-year to 44.13% in Q2 2026; TTM through Jun 2026 was 44.16%, a 42.0% increase from a year earlier, with the FY2025 full-year figure at 44.1%, down 18.0% from the prior year.
• Gross Margin was 44.13% for Q2 2026 at Illinois Tool Works, up from 43.82% in the prior quarter.
• The five-year high for Gross Margin was 46.01% in Q1 2024, with the low at 40.16% in Q1 2022.
• Average Gross Margin over 5 years is 42.96%, with a median of 43.61% recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 230 bps in 2022, then jumped 426 bps in 2024.
• Over 5 years, Gross Margin stood at 41.85% in 2022, then gained by 0 bps to 41.95% in 2023, then advanced by 4 bps to 43.51% in 2024, then advanced by 2 bps to 44.2% in 2025, then slipped by 0 bps to 44.13% in 2026.
• The last three Gross Margin figures came in at 44.13% (Q2 2026), 43.82% (Q1 2026), and 44.2% (Q4 2025), per Business Quant data.