Business Segments · Variable cost of revenue
Welding — Variable cost of revenue
Illinois Tool Works Welding — Variable cost of revenue decreased by 5.7% to $199.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.0%, from $203.00M to $199.00M. Over 3 years (FY 2022 to FY 2025), Welding — Variable cost of revenue shows a downward trend with a -3.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
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 indicates improved production efficiency or better cost management.
Detailed definition
This measures the direct costs associated with producing welding goods, including raw materials, direct labor, and varia...
Peer comparison
Standard cost of goods sold (COGS) component for manufacturing segments.
Metric ID:
itw_segment_welding_variable_cost_of_revenueHistorical 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 | $234.00M | $234.00M | $234.00M | $234.00M | $223.00M | $223.00M | $223.00M | $223.00M | $216.00M | $209.00M | $210.00M | $203.00M | $214.00M | $215.00M | $211.00M | $199.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -4.7% | +0.0% | +0.0% | +0.0% | -3.1% | -3.2% | +0.5% | -3.3% | +5.4% | +0.5% | -1.9% | -5.7% |
| YoY Change | — | — | — | — | -4.7% | -4.7% | -4.7% | -4.7% | -3.1% | -6.3% | -5.8% | -9.0% | -0.9% | +2.9% | +0.5% | -2.0% |
Range$199.00M – $234.00M
CAGR-4.2%
Avg YoY Growth-3.5%
Median YoY Growth-4.7%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Illinois Tool Works's welding — variable cost of revenue?
- Illinois Tool Works (ITW) reported welding — variable cost of revenue of $199.00M in Q4 2025.
- How has Illinois Tool Works's welding — variable cost of revenue changed year-over-year?
- Illinois Tool Works's welding — variable cost of revenue decreased by 2.0% year-over-year, from $203.00M to $199.00M.
- What is the long-term trend for Illinois Tool Works's welding — variable cost of revenue?
- Over 3 years (2022 to 2025), Illinois Tool Works's welding — variable cost of revenue has grown at a -3.6% compound annual growth rate (CAGR), from $936.00M to $839.00M.
- What does welding — variable cost of revenue mean?
- The direct costs of producing goods sold by the welding segment.