Illinois Tool Works Total Cost of Revenue decreased by 1.2% to $2.26B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.4%, from $2.16B to $2.26B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows relatively stable performance with a 1.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.
The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...
In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.
is_total_cost_of_revenue| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.16B | $2.10B | $2.19B | $2.36B | $2.39B | $2.37B | $2.31B | $2.34B | $2.34B | $2.32B | $2.31B | $2.15B | $2.26B | $2.23B | $2.22B | $2.16B | $2.27B | $2.25B | $2.28B | $2.26B |
| QoQ Change | — | -3.1% | +4.5% | +7.6% | +1.5% | -0.9% | -2.6% | +1.4% | +0.1% | -1.1% | -0.3% | -7.2% | +5.5% | -1.4% | -0.4% | -2.7% | +5.1% | -0.8% | +1.4% | -1.2% |
| YoY Change | — | — | — | — | +10.6% | +13.1% | +5.4% | -0.7% | -2.0% | -2.2% | +0.1% | -8.4% | -3.5% | -3.8% | -3.9% | +0.7% | +0.4% | +1.0% | +2.8% | +4.4% |
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|
| Automotive OEM | $435.00M | $459.00M | $450.00M | $446.00M |
| Test & Measurement and Electronics | $282.00M | $302.00M | $297.00M | $335.00M |
| Food Equipment | $284.00M | $313.00M | $317.00M | $327.00M |
| Specialty Products | $201.00M | $207.00M | $205.00M | $208.00M |
| Welding | $214.00M | $215.00M | $211.00M | $199.00M |
| Construction Products | $200.00M | $210.00M | $210.00M | $194.00M |
| Total | $2.16B | $2.27B | $2.25B | $2.28B |