Illinois Tool Works (ITW) Gross Margin (2009 - 2026)
Illinois Tool Works (ITW) recorded Gross Margin of 44.13% in Q2 2026, up 0.16 percentage points from 43.97% a year earlier and up 0.30 percentage points from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Illinois Tool Works' Gross Margin came in at 44.16% as of Jun 30, 2026, up 0.42 percentage points year-over-year; for FY2025, it came in at 44.10%, down 0.18 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +2.75 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 44.28% in FY2024 (+2.12 pp), 42.16% in FY2023 (+1.34 pp), 40.82% in FY2022 (-0.46 pp) and 41.27% in FY2021 (-0.07 pp).
- Quarterly Gross Margin has ranged from 40.16% in Q1 2022 to 46.01% in Q1 2024 over the past five years.
- On a year-over-year basis, Gross Margin has increased for five consecutive quarters, with an average year-over-year change of +0.30 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.26 percentage points in Q1 2024, against a drop of 2.30 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 43.82% (Q1 2026), 44.20% (Q4 2025) and 44.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 44.13% |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | 26.07% |
Historic Data
Download Data
Historic 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 | 46.01% |
| 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% |
API Access
Illinois Tool Works Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ITW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();