Illinois Tool Works (ITW) Operating Margin (2009 - 2026)
Illinois Tool Works (ITW) recorded Operating Margin of 26.67% in Q2 2026, up 0.32 percentage points from 26.35% a year earlier and up 1.27 percentage points from the prior quarter.
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Analysis
Illinois Tool Works (ITW) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Illinois Tool Works' Operating Margin came in at 26.50% as of Jun 30, 2026, up 0.52 percentage points year-over-year; for FY2025, it came in at 26.28%, down 0.54 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +3.36 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 26.82% in FY2024 (+1.74 pp), 25.08% in FY2023 (+1.29 pp), 23.79% in FY2022 (-0.27 pp) and 24.05% in FY2021 (+1.13 pp).
- Quarterly Operating Margin has ranged from 22.67% in Q4 2021 to 28.37% in Q1 2024 over the past five years.
- On a year-over-year basis, Operating Margin has increased for five consecutive quarters, with an average year-over-year change of +0.01 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 4.18 percentage points in Q1 2024, against a drop of 3.59 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.40% (Q1 2026), 26.51% (Q4 2025) and 27.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 20.91% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 29.51% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 14.72% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 16.32% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 23.86% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 19.48% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 26.92% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 15.14% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 26.67% |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 13.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.67% |
| Mar 31, 2026 | 25.40% |
| Dec 31, 2025 | 26.51% |
| Sep 30, 2025 | 27.40% |
| Jun 30, 2025 | 26.35% |
| Mar 31, 2025 | 24.77% |
| Dec 31, 2024 | 26.22% |
| Sep 30, 2024 | 26.53% |
| Jun 30, 2024 | 26.17% |
| Mar 31, 2024 | 28.37% |
| Dec 31, 2023 | 24.81% |
| Sep 30, 2023 | 26.54% |
| Jun 30, 2023 | 24.79% |
| Mar 31, 2023 | 24.19% |
| Dec 31, 2022 | 24.83% |
| Sep 30, 2022 | 24.51% |
| Jun 30, 2022 | 23.09% |
| Mar 31, 2022 | 22.72% |
| Dec 31, 2021 | 22.67% |
| Sep 30, 2021 | 23.76% |
API Access
Illinois Tool Works Operating 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=operating-margin&ticker=ITW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=ITW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();