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Operating Margin for Illinois Tool Works (ITW)

As of · Reported

Metric

TTM

26.4%

YoY change

−0.54pp

Trough year (2009)

10.0%

Peak year (2024)

26.8%

Operating Margin history chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: 26.3%

Operating Margin change chart for Illinois Tool Works (ITW) from 1985 to 2025

Latest: −0.54pp

Operating Margin history table for Illinois Tool Works (ITW) from 1985 to 2025

  • 202526.3%-0.54pp
  • 202426.8%+1.74pp
  • 202325.1%+1.29pp
  • 202223.8%-0.27pp
  • 202124.1%+1.13pp
  • 202022.9%-1.19pp
  • 201924.1%-0.16pp
  • 201824.3%-0.14pp
  • 201724.4%+1.88pp
  • 201622.5%+1.14pp
  • 201521.4%+1.45pp
  • 201419.9%+2.15pp
  • 201317.8%+1.90pp
  • 201215.9%+0.53pp
  • 201115.4%+0.50pp
  • 201014.8%+4.86pp
  • 200910.0%-4.75pp
  • 200814.7%-1.49pp
  • 200716.2%-1.00pp
  • 200617.2%-0.26pp
  • 200517.5%-0.05pp
  • 200417.5%+1.25pp
  • 200316.3%+0.37pp
  • 200215.9%+1.85pp
  • 200114.1%-1.61pp
  • 200015.7%-0.27pp
  • 199915.9%-3.18pp
  • 199819.1%+1.35pp
  • 199717.8%+1.74pp
  • 199616.0%+0.93pp
  • 199515.1%+0.88pp
  • 199414.2%+2.23pp
  • 199312.0%-0.91pp
  • 199212.9%+0.66pp
  • 199112.2%-1.32pp
  • 199013.5%-0.40pp
  • 198914.0%-0.18pp
  • 198814.1%+0.02pp
  • 198714.1%+2.25pp
  • 198611.9%-1.89pp
  • 198513.8%—

Operating 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 Operating Margin at Illinois Tool Works (ITW)

According to Illinois Tool Works's latest reported financial statements, the company's latest reported operating margin is 26.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Illinois Tool Works (ITW) operating margin is 26.28% – contracted 0.5 percentage points year-over-year.

2024 marks the peak operating margin at 26.82%, with the historical low of 9.99% recorded in 2009.

Illinois Tool Works Operating Margin by Year

Illinois Tool Works Operating Margin 2025: 26.3%

Illinois Tool Works posted operating margin of 26.28% in 2025, contracted 0.5 percentage points from 2024.

Illinois Tool Works Operating Margin 2024: 26.8%

In 2024, Illinois Tool Works reported operating margin of 26.82%, expanded 1.7 percentage points from 2023. This figure represents the highest annual value in the available history.

Illinois Tool Works Operating Margin 2023: 25.1%

Illinois Tool Works operating margin in 2023 was 25.08%, expanded 1.3 percentage points from 2022.

Illinois Tool Works Operating Margin 2022: 23.8%

2022's operating margin for Illinois Tool Works came in at 23.79%, contracted 0.3 percentage points from 2021.

Illinois Tool Works Operating Margin 2021: 24.1%

Illinois Tool Works operating margin in 2021 was 24.05%.

See more financial history for Illinois Tool Works (ITW).

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