ILLINOIS TOOL WORKS INC (ITW) closed fiscal year 2025 with a gross margin of 44.1 % and a net margin of 19.1 %.
ILLINOIS TOOL WORKS INC (ITW) closed fiscal year 2025 with a gross margin of 44.1 % and a net margin of 19.1 %. The same year shows an EBITDA margin of 28.3 % and an EBIT margin of 26.3 %. The free cash flow margin was 16.9 %. Against the previous year the gross margin moved −0.2 pp and the net margin −2.8 pp. Across the period the gross margin ranges between 34.0 % in 2009 and 44.3 % in 2024. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 35.25 % | 34.58 % | 34.04 % | 35.15 % | 37.38 % | 38.25 % | 39.48 % | 40.12 % | 41.16 % | 41.85 % | 41.97 % | 41.74 % | 41.97 % | 41.35 % | 41.27 % | 40.82 % | 42.16 % | 44.28 % | 44.10 % |
| EBITDA margin (%) | 19.47 % | 17.86 % | 14.42 % | 18.14 % | 20.09 % | 20.62 % | 21.67 % | 23.42 % | 24.93 % | 24.28 % | 26.14 % | 26.11 % | 26.00 % | 25.09 % | 25.97 % | 25.52 % | 26.83 % | 28.71 % | 28.25 % |
| EBIT margin (%) | 16.31 % | 14.63 % | 10.19 % | 14.62 % | 16.27 % | 16.73 % | 17.79 % | 19.94 % | 21.39 % | 22.47 % | 24.35 % | 24.27 % | 24.11 % | 22.92 % | 24.05 % | 23.79 % | 25.08 % | 26.82 % | 26.28 % |
| Net margin (%) | 11.61 % | 8.88 % | 7.17 % | 9.75 % | 14.27 % | 19.40 % | 11.88 % | 20.34 % | 14.17 % | 14.96 % | 11.79 % | 17.36 % | 17.87 % | 16.77 % | 18.64 % | 19.04 % | 18.36 % | 21.94 % | 19.11 % |
| FCF margin (%) | 13.23 % | 10.88 % | 14.09 % | 7.78 % | 11.04 % | 11.43 % | 15.28 % | 8.66 % | 15.03 % | 14.92 % | 14.71 % | 16.57 % | 18.92 % | 20.45 % | 15.64 % | 12.15 % | 19.15 % | 17.89 % | 16.87 % |
