Illinois Tool Works Inc (ITW) stock
ITWNYSEGeneral Industrial Machinery & EquipmentFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 9/3030% above fair value
$286.75−1.97 (-0.68%)
Close on Nov 12, 2026Market cap $81.49BP/E –Yield 2.13%
Illinois Tool Works operating margin
Operating margin is operating income as a percentage of revenue.
Illinois Tool Works's operating margin for the twelve months ending Sep 30, 2026 was 26.6%. For fiscal 2025 it was 26.3%, against 26.8% the year before. The highest annual figure on record is 26.8% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 26.3% | −0.5 |
| FY2024 | Dec 31, 2024 | 26.8% | +1.7 |
| FY2023 | Dec 31, 2023 | 25.1% | +1.3 |
| FY2022 | Dec 31, 2022 | 23.8% | −0.3 |
| FY2021 | Dec 31, 2021 | 24.1% | +1.1 |
| FY2020 | Dec 31, 2020 | 22.9% | −1.2 |
| FY2019 | Dec 31, 2019 | 24.1% | −0.2 |
| FY2018 | Dec 31, 2018 | 24.3% | −0.1 |
| FY2017 | Dec 31, 2017 | 24.3% | +1.9 |
| FY2016 | Dec 31, 2016 | 22.5% | +1.1 |
| FY2015 | Dec 31, 2015 | 21.4% | +1.4 |
| FY2014 | Dec 31, 2014 | 19.9% | +2.2 |
| FY2013 | Dec 31, 2013 | 17.8% | +1.1 |
| FY2012 | Dec 31, 2012 | 16.7% | +0.5 |
| FY2011 | Dec 31, 2011 | 16.3% | +1.6 |
| FY2010 | Dec 31, 2010 | 14.6% | +4.4 |
| FY2009 | Dec 31, 2009 | 10.2% | −4.4 |
| FY2008 | Dec 31, 2008 | 14.6% | −1.7 |
| FY2007 | Dec 31, 2007 | 16.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 27.8% | +0.4 |
| Q2 FY2026 | Jun 30, 2026 | 26.7% | +0.3 |
| Q1 FY2026 | Mar 31, 2026 | 25.4% | +0.6 |
| Q4 FY2025 | Dec 31, 2025 | 26.5% | +0.3 |
| Q3 FY2025 | Sep 30, 2025 | 27.4% | +0.9 |
| Q2 FY2025 | Jun 30, 2025 | 26.4% | +0.2 |
| Q1 FY2025 | Mar 31, 2025 | 24.8% | −3.6 |
| Q4 FY2024 | Dec 31, 2024 | 26.2% | +1.4 |
| Q3 FY2024 | Sep 30, 2024 | 26.5% | −0.0 |
| Q2 FY2024 | Jun 30, 2024 | 26.2% | +1.4 |
| Q1 FY2024 | Mar 31, 2024 | 28.4% | +4.2 |
| Q4 FY2023 | Dec 31, 2023 | 24.8% | −0.0 |
| Q3 FY2023 | Sep 30, 2023 | 26.5% | +2.0 |
| Q2 FY2023 | Jun 30, 2023 | 24.8% | +1.7 |
| Q1 FY2023 | Mar 31, 2023 | 24.2% | +1.5 |
| Q4 FY2022 | Dec 31, 2022 | 24.8% | +2.2 |
| Q3 FY2022 | Sep 30, 2022 | 24.5% | +0.7 |
| Q2 FY2022 | Jun 30, 2022 | 23.1% | −1.2 |
| Q1 FY2022 | Mar 31, 2022 | 22.7% | −2.8 |
| Q4 FY2021 | Dec 31, 2021 | 22.7% | −2.7 |
| Q3 FY2021 | Sep 30, 2021 | 23.8% | −0.1 |
| Q2 FY2021 | Jun 30, 2021 | 24.3% | +6.8 |
| Q1 FY2021 | Mar 31, 2021 | 25.5% | +2.0 |
| Q4 FY2020 | Dec 31, 2020 | 25.4% | +1.7 |
| Q3 FY2020 | Sep 30, 2020 | 23.9% | −1.1 |
| Q2 FY2020 | Jun 30, 2020 | 17.5% | −6.6 |
| Q1 FY2020 | Mar 31, 2020 | 23.6% | −0.0 |
| Q4 FY2019 | Dec 31, 2019 | 23.8% | −0.3 |
| Q3 FY2019 | Sep 30, 2019 | 24.9% | +0.3 |
| Q2 FY2019 | Jun 30, 2019 | 24.1% | −0.2 |
| Q1 FY2019 | Mar 31, 2019 | 23.6% | −0.5 |
| Q4 FY2018 | Dec 31, 2018 | 24.0% | +0.7 |
| Q3 FY2018 | Sep 30, 2018 | 24.6% | −2.0 |
| Q2 FY2018 | Jun 30, 2018 | 24.3% | +0.1 |
| Q1 FY2018 | Mar 31, 2018 | 24.1% | +0.9 |
| Q4 FY2017 | Dec 31, 2017 | 23.3% | +1.5 |
| Q3 FY2017 | Sep 30, 2017 | 26.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 24.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 23.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 21.8% | – |
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