Gross Profit for Illinois Tool Works (ITW)
According to Illinois Tool Works's latest reported financial statements, the company's current gross profit (TTM) is $7.05B USD. 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 .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$7.05B
YoY change
+2.0%
5Y CAGR
+7.0%
Peak year (2025)
$7.08B
Cumulative gross profit
$156.53B
Gross Profit history chart for Illinois Tool Works (ITW) from 1985 to 2025
Gross Profit history table for Illinois Tool Works (ITW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
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.
Among 8 Industrials peers, Illinois Tool Works (ITW) ranks 8th; the peer median for gross profit is $15.42B.
Illinois Tool Works Gross Profit by Year
Illinois Tool Works Gross Profit 2025: $7.08B
Illinois Tool Works gross profit in 2025 was $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
Illinois Tool Works gross profit in 2023 was $6.68B, edged up 4.9% from 2022.
Illinois Tool Works Gross Profit 2022: $6.37B
Illinois Tool Works gross profit in 2022 was $6.37B, 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 — Gross Profit
Companies in the same sector as Illinois Tool Works, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Illinois Tool Works's gross profit?
- Latest reported gross profit for Illinois Tool Works (ITW) is $7.05B (period ending December 31, 2025).
How has Illinois Tool Works gross profit changed year-over-year?
- Illinois Tool Works (ITW) gross profit changed +2.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Illinois Tool Works gross profit?
- Illinois Tool Works (ITW) gross profit compound annual growth rate is +7.0% over the most recent 5 years available.
When did Illinois Tool Works gross profit hit its highest annual value?
- Illinois Tool Works gross profit reached its highest annual value of $7.08B in 2025.
What was Illinois Tool Works gross profit in 2024?
- Illinois Tool Works (ITW) gross profit in 2024 was $6.94B.
What was Illinois Tool Works gross profit in 2025?
- Illinois Tool Works (ITW) gross profit in 2025 was $7.08B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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