Illinois Tool Works (ITW) Operating Margin (2009 - 2026)
Illinois Tool Works (ITW) posted quarterly Operating Margin of 25.4% for Q1 2026, up 63.0% year-over-year from 15.58% in Q1 2025, and down 4.19% quarter-over-quarter from 26.51% in Q4 2025.
Illinois Tool Works (ITW) Operating Margin (2009 - 2026) Analysis & Trends
Illinois Tool Works' Operating Margin history runs 18 years deep, the most recent figure standing at 25.4% for Q1 2026.
- In Q1 2026, Operating Margin rose 63.0% year-over-year to 25.4%; the TTM figure through Mar 2026 stood at 26.42% (up 48.0% YoY), while the FY2025 annual figure was 26.28%, down 54.0% from the prior year.
- Operating Margin for Q1 2026 stood at 25.4%, down from 26.51% in the prior quarter.
- The five-year high for Operating Margin was 27.4% in Q3 2025, with the low at 2.94% in Q1 2024.
- The 5-year median for Operating Margin is 24.83% (2022), against an average of 23.99%.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 2124 bps in 2024, then surged 2183 bps in 2025.
- Illinois Tool Works' Operating Margin stood at 24.83% in 2022, then slipped by 0 bps to 24.81% in 2023, then increased by 6 bps to 26.22% in 2024, then gained by 1 bps to 26.51% in 2025, then fell by 4 bps to 25.4% in 2026.
- Business Quant data shows ITW's Operating Margin at 25.4% in Q1 2026, 26.51% in Q4 2025, and 27.4% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 5.88% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 16.32% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 20.65% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 26.92% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 13.52% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 26.67% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 25.84% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 20.80% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 18.56% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 14.90% |
Historic Data
Download 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 | 2.94% |
| 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% |