Illinois Tool Works (ITW) Net Margin (2009 - 2026)
Illinois Tool Works (ITW) reported Net Margin of 18.95% for Q2 2026, up 0.32 percentage points from 18.63% a year earlier but down 0.17 percentage points from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Illinois Tool Works' Net Margin came in at 19.39%, down 1.92 percentage points year-over-year; for FY2025, it was 19.11%, down 2.83 percentage points from FY2024.
- Net Margin has a five-year change of +2.34 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 21.94% in FY2024 (+3.58 pp), 18.36% in FY2023 (-0.68 pp), 19.04% in FY2022 (+0.41 pp) and 18.64% in FY2021 (+1.86 pp).
- Five-year quarterly Net Margin spans a low of 16.55% in Q4 2021 and a high of 29.25% in Q3 2024.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +0.12 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q3 2024 (a gain of 10.10 percentage points); the low point was Q3 2025 (a drop of 9.02 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.12% (Q1 2026), 19.30% (Q4 2025) and 20.23% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 379.87 Bn | 351.57 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 211.41 Bn | 206.11 Bn | 3.55 Bn | 20.20% |
| 3 | Deere | 179.93 Bn | 188.69 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 169.93 Bn | 167.16 Bn | 2.86 Bn | 9.62% |
| 5 | Parker-Hannifin | 121.78 Bn | 119.91 Bn | 2.25 Bn | 18.96% |
| 6 | Vertiv Holdings | 94.75 Bn | 85.37 Bn | 1.23 Bn | 15.20% |
| 7 | Emerson Electric | 88.42 Bn | 81.17 Bn | 2.66 Bn | 14.73% |
| 8 | 3M | 84.08 Bn | 65.54 Bn | 2.68 Bn | 14.35% |
| 9 | Illinois Tool Works | 74.29 Bn | 70.85 Bn | 1.90 Bn | 18.95% |
| 10 | Cummins | 71.19 Bn | 68.32 Bn | 2.47 Bn | 9.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.95% |
| Mar 31, 2026 | 19.12% |
| Dec 31, 2025 | 19.30% |
| Sep 30, 2025 | 20.23% |
| Jun 30, 2025 | 18.63% |
| Mar 31, 2025 | 18.23% |
| Dec 31, 2024 | 19.07% |
| Sep 30, 2024 | 29.25% |
| Jun 30, 2024 | 18.85% |
| Mar 31, 2024 | 20.61% |
| Dec 31, 2023 | 18.00% |
| Sep 30, 2023 | 19.15% |
| Jun 30, 2023 | 18.51% |
| Mar 31, 2023 | 17.77% |
| Dec 31, 2022 | 22.84% |
| Sep 30, 2022 | 18.13% |
| Jun 30, 2022 | 18.40% |
| Mar 31, 2022 | 16.81% |
| Dec 31, 2021 | 16.55% |
| Sep 30, 2021 | 17.97% |
API Access
Illinois Tool Works Net 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=net-margin&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();