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Illinois Tool Works ITW Gross margin

Other financials

Income statement

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Revenue$4.0B+4.6%
Gross profit$1.8B+4.9%
Operating income$1.0B+7.3%
Net income$768.0M+9.7%
EPS (diluted)$2.66+11.8%

Balance sheet

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Cash & equivalents$827.0M-5.3%
Total debt$6.6B-9.3%
Total assets$16.3B+5.1%

Cash flow

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Operating cash flow$623.0M+5.2%
CapEx$95.0M-1.0%
Free cash flow$528.0M+6.5%

Valuation

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Market cap$75.41B+3.1%
Enterprise value$81.19B+2.0%
P/E24.1×+2.3×
P/S4.7×0.0×

Profitability

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Operating margin26.4%+0.5pp
Net margin19.3%-2.1pp

Returns & leverage

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Current ratio1.2×-0.4×

Where this comes from

Calculated from Illinois Tool Works’s reported figures.

gross profit/total revenue=44.1%

Based on trailing twelve months.

The official record: Illinois Tool Works’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illinois Tool Works's gross margin?
Illinois Tool Works (ITW) reported gross margin of 44.1% in Q1 2026.
How has Illinois Tool Works's gross margin changed year-over-year?
Illinois Tool Works's gross margin increased by 0.9% year-over-year, from 43.7% to 44.1%.
What is the long-term trend for Illinois Tool Works's gross margin?
Over 4 years (2021 to 2025), Illinois Tool Works's gross margin has grown at a 1.3% compound annual growth rate (CAGR), from 166.6% to 175.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.