Illinois Tool Works (ITW) Gross Margin (2009 - 2025)

Illinois Tool Works' Gross Margin history runs 17 years deep, the most recent figure standing at 44.1% for FY2025.

• 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 44.1% for FY2025 at Illinois Tool Works, roughly flat from 44.28% in the prior year.
• In the past five years, Gross Margin ranged from a high of 44.28% in FY2024 to a low of 40.82% in FY2022.
• Historically, Gross Margin has averaged 42.53% across 5 years, with a median of 42.16% in 2023.
• The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 46 bps in 2022, then jumped 212 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 41.27% in 2021, then decreased by 1 bps to 40.82% in 2022, then gained by 3 bps to 42.16% in 2023, then gained by 5 bps to 44.28% in 2024, then slipped by 0 bps to 44.1% in 2025.
• The last three Gross Margin figures came in at 44.1% (FY2025), 44.28% (FY2024), and 42.16% (FY2023), per Business Quant data.