What does polymers & fluids — variable cost of revenue mean?

This metric represents the total direct costs associated with the production and delivery of goods within the Polymers and Fluids segment that fluctuate directly with sales volume. It includes raw materials, direct labor, and variable manufacturing overheads necessary to generate segment revenue. Monitoring this cost helps assess the segment's ability to manage input price volatility and production efficiency.

Illinois Tool Works (ITW) Polymers & Fluids — Variable cost of revenue

Screener

Other segment segments

Automotive OEM

$461M+0.4%

Test & Measurement and Electronics

$335M+10.9%

Food Equipment

$322M+2.9%

Welding

$254M+18.1%

Construction Products

$221M+5.2%

Specialty Products

$217M+4.8%

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SCLPolymers — Cost of Goods Sold

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RFL

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LCIDCost of revenue - LCNRV — Cost of revenue

$237.85M+56.9%

FORRDirect Costs Of Events — Cost Of Revenue

$7.09M-21.0%

BTCSBlockchain Infrastructure Revenues — Cost Of Revenue

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BTCSDe Fi Revenues — Cost Of Revenue

$9.08K—

Other financials

Income statement

See full

Revenue$4.3B+6.1%

Gross profit$1.9B+6.5%

Operating income$1.1B+7.4%

Net income$815.0M+7.9%

EPS (diluted)$2.84+10.1%

Balance sheet

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Cash & equivalents$839.0M+6.5%

Total debt$9.7B+26.0%

Total assets$16.5B+2.8%

Cash flow

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Operating cash flow$723.0M+31.5%

CapEx$92.0M-8.9%

Free cash flow$631.0M+40.5%

Valuation

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Market cap$84.79B+13.0%

Enterprise value$93.64B+14.2%

P/E26.6×+4.2×

P/S5.2×+0.4×

Profitability

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Gross margin44.2%+0.4pp

Operating margin26.5%+0.5pp

Net margin19.4%-1.9pp

FCF margin17.7%+0.5pp

Returns & leverage

See full

Current ratio1.1×-0.5×

Where this comes from

Reported directly by Illinois Tool Works in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Illinois Tool Works’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 3:34 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000049826-26-000049

In millions	Three Months Ended / June 30, 2026	Three Months Ended / June 30, 2025	Six Months Ended / June 30, 2026	Six Months Ended / June 30, 2025
Food Equipment	322	313	620	597
Test & Measurement and Electronics	335	302	644	584
Welding	254	215	481	429
Polymers & Fluids	223	208	433	413
Construction Products	221	210	427	410
Specialty Products	217	207	412	408
Total segments	$2,033	$1,914	$3,920	$3,735
Overhead expenses:

ITEM 1. Financial Statements

FAQ

What is Illinois Tool Works's polymers & fluids — variable cost of revenue?: Illinois Tool Works (ITW) reported polymers & fluids — variable cost of revenue of $223M in Q2 2026.
What does polymers & fluids — variable cost of revenue mean?: This metric represents the total direct costs associated with the production and delivery of goods within the Polymers and Fluids segment that fluctuate directly with sales volume. It includes raw materials, direct labor, and variable manufacturing overheads necessary to generate segment revenue. Monitoring this cost helps assess the segment's ability to manage input price volatility and production efficiency.