What is Illinois Tool Works's food equipment — variable cost of revenue?

Illinois Tool Works (ITW) reported food equipment — variable cost of revenue of $327.00M in Q4 2025.

How has Illinois Tool Works's food equipment — variable cost of revenue changed year-over-year?

Illinois Tool Works's food equipment — variable cost of revenue increased by 3.5% year-over-year, from $316.00M to $327.00M.

What is the long-term trend for Illinois Tool Works's food equipment — variable cost of revenue?

Over 3 years (2022 to 2025), Illinois Tool Works's food equipment — variable cost of revenue has grown at a 1.0% compound annual growth rate (CAGR), from $1.20B to $1.24B.

What does food equipment — variable cost of revenue mean?

The direct costs of producing the goods sold by the food equipment segment.

Business Segments · Variable cost of revenue

Food Equipment — Variable cost of revenue

Illinois Tool Works Food Equipment — Variable cost of revenue increased by 3.2% to $327.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $316.00M to $327.00M. Over 3 years (FY 2022 to FY 2025), Food Equipment — Variable cost of revenue shows relatively stable performance with a 1.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ4 2025

Rolls up toTotal Cost of Revenue

How to read this metric

A decrease relative to revenue suggests improved production efficiency or better supply chain management, while an increase may signal rising input costs.

Detailed definition

The direct costs associated with producing and delivering the food equipment products sold, including raw materials, dir...

Peer comparison

Standard cost of goods sold (COGS) analysis for manufacturing segments.

Metric ID: itw_segment_food_equipment_variable_cost_of_revenue

Historical Data

16 periods

	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
Value	$301.00M	$301.00M	$301.00M	$301.00M	$305.50M	$305.50M	$305.50M	$305.50M	$293.00M	$309.00M	$310.00M	$316.00M	$284.00M	$313.00M	$317.00M	$327.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+1.5%	+0.0%	+0.0%	+0.0%	-4.1%	+5.5%	+0.3%	+1.9%	-10.1%	+10.2%	+1.3%	+3.2%
YoY Change	—	—	—	—	+1.5%	+1.5%	+1.5%	+1.5%	-4.1%	+1.1%	+1.5%	+3.4%	-3.1%	+1.3%	+2.3%	+3.5%

Range$284.00M – $327.00M

CAGR+2.2%

Avg YoY Growth+1.0%

Median YoY Growth+1.5%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Illinois Tool Works's food equipment — variable cost of revenue?: Illinois Tool Works (ITW) reported food equipment — variable cost of revenue of $327.00M in Q4 2025.
How has Illinois Tool Works's food equipment — variable cost of revenue changed year-over-year?: Illinois Tool Works's food equipment — variable cost of revenue increased by 3.5% year-over-year, from $316.00M to $327.00M.
What is the long-term trend for Illinois Tool Works's food equipment — variable cost of revenue?: Over 3 years (2022 to 2025), Illinois Tool Works's food equipment — variable cost of revenue has grown at a 1.0% compound annual growth rate (CAGR), from $1.20B to $1.24B.
What does food equipment — variable cost of revenue mean?: The direct costs of producing the goods sold by the food equipment segment.