TTM
$7.16B
YoY change
+2.0%
5Y CAGR
+7.0%
Peak year (2025)
$7.08B
Cumulative gross profit
$158.29B
Gross Profit history chart for Illinois Tool Works (ITW) from 1985 to 2025
Latest: $7.08B
Gross Profit growth chart for Illinois Tool Works (ITW) from 1985 to 2025
Latest: +2.0%
Gross Profit history table for Illinois Tool Works (ITW) from 1985 to 2025
| 2025 | $7.08B | +2.0% | +$136.00M | ||
| 2024 | $6.94B | +3.9% | +$261.00M | ||
| 2023 | $6.68B | +4.9% | +$309.00M | ||
| 2022 | $6.37B | +9.2% | +$536.00M | ||
| 2021 | $5.83B | +15.6% | +$788.00M | ||
| 2020 | $5.04B | -12.5% | −$718.00M | ||
| 2019 | $5.76B | -3.5% | −$212.00M | ||
| 2018 | $5.97B | +3.0% | +$176.00M | ||
| 2017 | $5.80B | +5.8% | +$320.00M | ||
| 2016 | $5.48B | +3.7% | +$193.00M | ||
| 2015 | $5.29B | -5.1% | −$283.00M | ||
| 2014 | $5.57B | +4.5% | +$238.00M | ||
| 2013 | $5.33B | -13.8% | −$850.00M | ||
| 2012 | $6.18B | +2.8% | +$167.64M | ||
| 2011 | $6.01B | +15.4% | +$801.76M | ||
| 2010 | $5.21B | +15.1% | +$682.61M | ||
| 2009 | $4.53B | -16.3% | −$883.90M | ||
| 2008 | $5.41B | -2.6% | −$143.65M | ||
| 2007 | $5.56B | +14.1% | +$685.58M | ||
| 2006 | $4.87B | +8.5% | +$382.19M | ||
| 2005 | $4.49B | +9.4% | +$386.00M | ||
| 2004 | $4.10B | +17.0% | +$594.84M | ||
| 2003 | $3.51B | +7.8% | +$253.98M | ||
| 2002 | $3.25B | +4.9% | +$152.41M | ||
| 2001 | $3.10B | -18.2% | −$688.72M | ||
| 2000 | $3.79B | +6.5% | +$230.46M | ||
| 1999 | $3.56B | +63.2% | +$1.38B | ||
| 1998 | $2.18B | +10.0% | +$198.90M | ||
| 1997 | $1.98B | +6.9% | +$128.60M | ||
| 1996 | $1.85B | +19.2% | +$299.20M | ||
| 1995 | $1.55B | +22.1% | +$281.00M | ||
| 1994 | $1.27B | +9.0% | +$105.40M | ||
| 1993 | $1.17B | +8.8% | +$94.10M | ||
| 1992 | $1.07B | +8.4% | +$83.30M | ||
| 1991 | $991.20M | +3.6% | +$34.10M | ||
| 1990 | $957.10M | +18.8% | +$151.40M | ||
| 1989 | $805.70M | +12.4% | +$88.80M | ||
| 1988 | $716.90M | +12.6% | +$80.30M | ||
| 1987 | $636.60M | +69.8% | +$261.60M | ||
| 1986 | $375.00M | +61.2% | +$142.40M | ||
| 1985 | $232.60M | — | — |
- 2025$7.08B+2.0%
- 2024$6.94B+3.9%
- 2023$6.68B+4.9%
- 2022$6.37B+9.2%
- 2021$5.83B+15.6%
- 2020$5.04B-12.5%
- 2019$5.76B-3.5%
- 2018$5.97B+3.0%
- 2017$5.80B+5.8%
- 2016$5.48B+3.7%
- 2015$5.29B-5.1%
- 2014$5.57B+4.5%
- 2013$5.33B-13.8%
- 2012$6.18B+2.8%
- 2011$6.01B+15.4%
- 2010$5.21B+15.1%
- 2009$4.53B-16.3%
- 2008$5.41B-2.6%
- 2007$5.56B+14.1%
- 2006$4.87B+8.5%
- 2005$4.49B+9.4%
- 2004$4.10B+17.0%
- 2003$3.51B+7.8%
- 2002$3.25B+4.9%
- 2001$3.10B-18.2%
- 2000$3.79B+6.5%
- 1999$3.56B+63.2%
- 1998$2.18B+10.0%
- 1997$1.98B+6.9%
- 1996$1.85B+19.2%
- 1995$1.55B+22.1%
- 1994$1.27B+9.0%
- 1993$1.17B+8.8%
- 1992$1.07B+8.4%
- 1991$991.20M+3.6%
- 1990$957.10M+18.8%
- 1989$805.70M+12.4%
- 1988$716.90M+12.6%
- 1987$636.60M+69.8%
- 1986$375.00M+61.2%
- 1985$232.60M—
Gross Profit 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 Profit at Illinois Tool Works (ITW)
According to Illinois Tool Works's latest reported financial statements, the company's current gross profit (TTM) is $7.16B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Illinois Tool Works (ITW) gross profit is $7.08B – edged up 2.0% year-over-year.
Illinois Tool Works gross profit has grown for 5 consecutive years, with a +7.0% compound annual growth rate over 2020–2025 (5 years).
$7.08B stands as the all-time-high annual gross profit, posted in 2025, against a low of $232.60M during 1985.
Illinois Tool Works Gross Profit by Year
Illinois Tool Works Gross Profit 2025: $7.08B
In 2025, Illinois Tool Works reported gross profit of $7.08B, edged up 2.0% from 2024. This figure represents the highest annual value in the available history.
Illinois Tool Works Gross Profit 2024: $6.94B
Illinois Tool Works gross profit in 2024 was $6.94B, edged up 3.9% from 2023.
Illinois Tool Works Gross Profit 2023: $6.68B
2023's gross profit for Illinois Tool Works came in at $6.68B, edged up 4.9% from 2022.
Illinois Tool Works Gross Profit 2022: $6.37B
Illinois Tool Works posted gross profit of $6.37B in 2022, grew 9.2% from 2021.
Illinois Tool Works Gross Profit 2021: $5.83B
Illinois Tool Works gross profit in 2021 was $5.83B.
See more financial history for Illinois Tool Works (ITW).
Sector peers by Gross Profit
Industrials peers of Illinois Tool Works (ITW), ranked by their latest gross profit
| $21.86B | |
| $17.79B | |
| $16.89B | |
| $16.30B | |
| $14.55B | |
| $10.32B | |
| $9.22B | |
| $4.29B |
- $21.86B
- $17.79B
- $16.89B
- $16.30B
- $14.55B
- $10.32B
- $9.22B
- $4.29B
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Illinois Tool Works (ITW) Key Financials
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