Illinois Tool Works profit margin ITW
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 19.4%
- Operating margin, 12 months
- 26.5%
- Net margin on a year earlier
- −1.9 pts
- Peer median
- 12.7%
Over the twelve months to Jun 30, 2026, Illinois Tool Works kept 19.4% of its revenue as net profit, with an operating margin of 26.5% and a gross margin of 44.2%.
Five years earlier its net margin was 19.1%.
The median for 10 industrial machinery stocks of a similar size is 12.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 19.1% | 26.3% | 44.1% |
| FY2024 | 21.9% | 26.8% | 44.3% |
| FY2023 | 18.4% | 25.1% | 42.2% |
| FY2022 | 19.0% | 23.8% | 40.8% |
| FY2021 | 18.6% | 24.1% | 41.3% |
| FY2020 | 16.8% | 22.9% | 41.3% |
| FY2019 | 17.9% | 24.1% | 42.0% |
| FY2018 | 17.4% | 24.3% | 41.7% |
| FY2017 | 11.8% | 24.3% | 42.0% |
| FY2016 | 15.0% | 22.5% | 41.9% |
| FY2015 | 14.2% | 21.4% | 41.2% |
| FY2014 | 20.3% | 19.9% | 40.1% |
| FY2013 | 11.9% | 17.8% | 39.5% |
| FY2012 | 17.1% | 16.3% | 36.9% |
| FY2011 | 11.6% | 15.4% | 35.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 19.4% | −1.9 pts | 26.5% | |
| Q1 FY26 | 19.3% | −2.1 pts | 26.4% | |
| Q4 FY25 | 19.1% | −2.8 pts | 26.3% | |
| Q3 FY25 | 19.1% | −2.6 pts | 26.2% | |
| Q2 FY25 | 21.3% | +2.2 pts | 26.0% | |
| Q1 FY25 | 21.4% | +2.3 pts | 25.9% | |
| Q4 FY24 | 21.9% | +3.6 pts | 26.8% | |
| Q3 FY24 | 21.7% | +2.1 pts | 26.5% | |
| Q2 FY24 | 19.2% | −0.1 pts | 26.5% | |
| Q1 FY24 | 19.1% | −0.2 pts | 26.1% | |
| Q4 FY23 | 18.4% | −0.7 pts | 25.1% | |
| Q3 FY23 | 19.6% | +2.1 pts | 25.1% |
Against its peers
Companies in Industrial - Machinery nearest Illinois Tool Works' size, closest first, today.
| Company | Profit margin |
|---|---|
| ITWIllinois Tool Works | 19.4% |
| CMICummins | 7.8% |
| EMREmerson Electric | 13.8% |
| TTTrane Technologies | 13.3% |
| PCARPACCAR | 9.0% |
| PHParker-Hannifin | 17.0% |
| ROKRockwell Automation | 13.4% |
| CARRCarrier Global | 5.5% |
| OTISOtis Worldwide | 10.2% |
| IRIngersoll Rand | 12.1% |
| GEVGE Vernova | 23.0% |
| Peer median | 12.7% |
Where Illinois Tool Works ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Illinois Tool Works
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.