TTM
44.1%
YoY change
+0.45pp
Trough year (2009)
32.6%
Peak year (2025)
44.1%
Latest annual
44.1%
Gross Margin history chart for Illinois Tool Works (ITW) from 1985 to 2025
Latest: 44.1%
Gross Margin change chart for Illinois Tool Works (ITW) from 1985 to 2025
Latest: +0.45pp
Gross Margin history table for Illinois Tool Works (ITW) from 1985 to 2025
| 2025 | 44.1% | +0.45pp | ||
| 2024 | 43.6% | +2.19pp | ||
| 2023 | 41.5% | +1.48pp | ||
| 2022 | 40.0% | -0.38pp | ||
| 2021 | 40.4% | +0.23pp | ||
| 2020 | 40.1% | -0.72pp | ||
| 2019 | 40.8% | +0.39pp | ||
| 2018 | 40.5% | -0.05pp | ||
| 2017 | 40.5% | +0.22pp | ||
| 2016 | 40.3% | +0.86pp | ||
| 2015 | 39.4% | +0.98pp | ||
| 2014 | 38.4% | +0.73pp | ||
| 2013 | 37.7% | +3.23pp | ||
| 2012 | 34.5% | +0.68pp | ||
| 2011 | 33.8% | +0.97pp | ||
| 2010 | 32.8% | +0.20pp | ||
| 2009 | 32.6% | -1.47pp | ||
| 2008 | 34.1% | -0.25pp | ||
| 2007 | 34.4% | -0.29pp | ||
| 2006 | 34.7% | -0.08pp | ||
| 2005 | 34.7% | -0.23pp | ||
| 2004 | 35.0% | +0.02pp | ||
| 2003 | 35.0% | +0.59pp | ||
| 2002 | 34.4% | +0.99pp | ||
| 2001 | 33.4% | -4.59pp | ||
| 2000 | 38.0% | -0.18pp | ||
| 1999 | 38.1% | -0.49pp | ||
| 1998 | 38.6% | +0.65pp | ||
| 1997 | 38.0% | +0.87pp | ||
| 1996 | 37.1% | -0.34pp | ||
| 1995 | 37.5% | +0.64pp | ||
| 1994 | 36.8% | -0.18pp | ||
| 1993 | 37.0% | -1.23pp | ||
| 1992 | 38.2% | +0.67pp | ||
| 1991 | 37.5% | -0.07pp | ||
| 1990 | 37.6% | +0.54pp | ||
| 1989 | 37.1% | -0.07pp | ||
| 1988 | 37.1% | -0.33pp | ||
| 1987 | 37.5% | -1.54pp | ||
| 1986 | 39.0% | -0.00pp | ||
| 1985 | 39.0% | — |
- 202544.1%+0.45pp
- 202443.6%+2.19pp
- 202341.5%+1.48pp
- 202240.0%-0.38pp
- 202140.4%+0.23pp
- 202040.1%-0.72pp
- 201940.8%+0.39pp
- 201840.5%-0.05pp
- 201740.5%+0.22pp
- 201640.3%+0.86pp
- 201539.4%+0.98pp
- 201438.4%+0.73pp
- 201337.7%+3.23pp
- 201234.5%+0.68pp
- 201133.8%+0.97pp
- 201032.8%+0.20pp
- 200932.6%-1.47pp
- 200834.1%-0.25pp
- 200734.4%-0.29pp
- 200634.7%-0.08pp
- 200534.7%-0.23pp
- 200435.0%+0.02pp
- 200335.0%+0.59pp
- 200234.4%+0.99pp
- 200133.4%-4.59pp
- 200038.0%-0.18pp
- 199938.1%-0.49pp
- 199838.6%+0.65pp
- 199738.0%+0.87pp
- 199637.1%-0.34pp
- 199537.5%+0.64pp
- 199436.8%-0.18pp
- 199337.0%-1.23pp
- 199238.2%+0.67pp
- 199137.5%-0.07pp
- 199037.6%+0.54pp
- 198937.1%-0.07pp
- 198837.1%-0.33pp
- 198737.5%-1.54pp
- 198639.0%-0.00pp
- 198539.0%—
Gross Margin values are taken from Illinois Tool Works's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Illinois Tool Works (ITW)
According to Illinois Tool Works's latest reported financial statements, the company's latest reported gross margin is 44.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Illinois Tool Works (ITW) gross margin totalled 44.10% – expanded 0.5 percentage points year-over-year.
2025 marks the peak gross margin at 44.10%, with the historical low of 32.64% recorded in 2009.
Illinois Tool Works Gross Margin by Year
Illinois Tool Works Gross Margin 2025: 44.1%
2025's gross margin for Illinois Tool Works came in at 44.10%, expanded 0.5 percentage points from 2024. This figure represents the highest annual value in the available history.
Illinois Tool Works Gross Margin 2024: 43.6%
Illinois Tool Works posted gross margin of 43.65% in 2024, expanded 2.2 percentage points from 2023.
Illinois Tool Works Gross Margin 2023: 41.5%
In 2023, Illinois Tool Works reported gross margin of 41.46%, expanded 1.5 percentage points from 2022.
Illinois Tool Works Gross Margin 2022: 40.0%
Illinois Tool Works gross margin in 2022 was 39.98%, contracted 0.4 percentage points from 2021.
Illinois Tool Works Gross Margin 2021: 40.4%
Illinois Tool Works gross margin in 2021 was 40.35%.
See more financial history for Illinois Tool Works (ITW).
Sector peers by Gross Margin
Industrials peers of Illinois Tool Works (ITW), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
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Illinois Tool Works (ITW) Key Financials
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