Test & Measurement and Electronics — Variable cost of revenue
Illinois Tool Works Test & Measurement and Electronics — Variable cost of revenue increased by 12.8% to $335.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.4%, from $321.00M to $335.00M. Over 3 years (FY 2022 to FY 2025), Test & Measurement and Electronics — Variable cost of revenue shows relatively stable performance with a -2.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue suggests improved operational efficiency or better cost management, while an increase may signal rising input costs.
Detailed definition
This measures the direct costs associated with producing the goods and services sold by the Test and Measurement and Ele...
Peer comparison
Standard cost of goods sold (COGS) metric for manufacturing segments, comparable across industrial peers.
itw_segment_test_measurement_and_electronics_variable_cost_of_revenueHistorical Data
| 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 | $326.25M | $326.25M | $326.25M | $326.25M | $316.75M | $316.75M | $316.75M | $316.75M | $305.00M | $289.00M | $291.00M | $321.00M | $282.00M | $302.00M | $297.00M | $335.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -2.9% | +0.0% | +0.0% | +0.0% | -3.7% | -5.2% | +0.7% | +10.3% | -12.1% | +7.1% | -1.7% | +12.8% |
| YoY Change | — | — | — | — | -2.9% | -2.9% | -2.9% | -2.9% | -3.7% | -8.8% | -8.1% | +1.3% | -7.5% | +4.5% | +2.1% | +4.4% |
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Frequently Asked Questions
- What is Illinois Tool Works's test & measurement and electronics — variable cost of revenue?
- Illinois Tool Works (ITW) reported test & measurement and electronics — variable cost of revenue of $335.00M in Q4 2025.
- How has Illinois Tool Works's test & measurement and electronics — variable cost of revenue changed year-over-year?
- Illinois Tool Works's test & measurement and electronics — variable cost of revenue increased by 4.4% year-over-year, from $321.00M to $335.00M.
- What is the long-term trend for Illinois Tool Works's test & measurement and electronics — variable cost of revenue?
- Over 3 years (2022 to 2025), Illinois Tool Works's test & measurement and electronics — variable cost of revenue has grown at a -2.3% compound annual growth rate (CAGR), from $1.31B to $1.22B.
- What does test & measurement and electronics — variable cost of revenue mean?
- The direct costs that change based on how much the segment produces and sells.