ITW
Illinois Tool Works margins
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- NYSE: ITW
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For the latest period, Illinois Tool Works has a gross margin of 44.2%, an operating margin of 26.5%, an EBITDA margin of 29.3%, and a net margin of 19.4%. The biggest positive change was in gross margin, increasing 0.5 percentage points. The biggest negative change was in net margin, decreasing 1.9 percentage points.
ITW margin history
Illinois Tool Works's margins averaged 43.72% gross, 26.21% operating, 29.87% EBITDA, and 19.99% net over the last 3 years. For Illinois Tool Works, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.
ITW margin expansion
The strongest improvement was in gross and operating margins, which increased by 0.5 percentage points, whereas EBITDA margin contracted by 1.8 percentage points and net margin by 1.9 percentage points.
ITW Gross margin
The average gross margin for Illinois Tool Works was 43.72% over the last 3 years. Currently, Illinois Tool Works's current gross margin is 44.2%, which is 0.5 percentage points above its three-year average. The gross margin for Illinois Tool Works moved between 42.2% in Dec 2023 and 44.3% in Dec 2024.
ITW Operating margin
The average operating margin for Illinois Tool Works was 26.21% across the past 3 years. Right now, the current operating margin for Illinois Tool Works is 26.5%, 0.3 percentage points above its three-year average. The operating margin for Illinois Tool Works moved between 25.1% in Dec 2023 and 26.8% in Dec 2024.
ITW EBITDA margin
Over the last 3 years, Illinois Tool Works had an average EBITDA margin of 29.87%. Against its three-year average, Illinois Tool Works's EBITDA margin is currently 29.3%, 0.6 percentage points below its three-year average. Looking back over the last 3 years, Illinois Tool Works's EBITDA margin reached 32.1% at its highest point in Dec 2024 and 27.8% at its lowest in Dec 2023.
ITW Net margin
The average net margin for Illinois Tool Works was 19.99% during the last 3 years. Against its three-year average, Illinois Tool Works's net margin is currently 19.4%, 0.6 percentage points below its three-year average. The net margin for Illinois Tool Works moved between 18.4% in Dec 2023 and 21.9% in Dec 2024.
ITW margin group comparison
With a gross margin of 44.2%, ITW ranks higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 32.7%, Illinois Tool Works's gross margin is 35% higher.
ITW margin peer comparison
Frequently asked questions
What is Illinois Tool Works's gross margin?
The current gross margin for ITW is 44.2% as of Jun 30, 2026.
What is Illinois Tool Works's operating margin?
For the period ending Jun 30, 2026, ITW recorded an operating margin of 26.5%.
What is Illinois Tool Works's EBITDA margin?
The current EBITDA margin for ITW is 29.3% as of Jun 30, 2026.
What is Illinois Tool Works's net margin?
For the period ending Jun 30, 2026, ITW recorded a net margin of 19.4%.
What are the average margins of ITW?
Illinois Tool Works's average margins over the last 3 years were 43.7% gross, 26.2% operating, 29.9% EBITDA, and 20.0% net.
What are the highest historical margins of ITW?
Illinois Tool Works's highest recorded margins during the past 5 years were 44.3% gross in Dec 2024, 26.8% operating in Dec 2024, 32.1% EBITDA in Dec 2024, and 21.9% net in Dec 2024.
What are the lowest historical margins of ITW?
Over this 5-year history, Illinois Tool Works's margins fell as low as 40.5% gross in Jun 2022, 23% operating in Jun 2022, 26.2% EBITDA in Jun 2022, and 17.4% net in Jun 2022.