Skip to content
AnalystLens
Back to ITWIncome Statement

ILLINOIS TOOL WORKS INC Gross Profit 2007-2026 | ITW

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$7.08B

+0.5%YoY vs FY2024Source: 10-KFY2025

From $5.68B in FY2007 to $7.08B in FY2025: 1.2× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$1.8B+4.9%Not reportedNot reportedNot reported
FY25$1.7B−8.2%$1.8B+1.0%$1.8B+4.0%$1.8B+5.7%
FY24$1.8B+8.9%$1.8B+2.0%$1.7B+1.4%$1.7B+2.4%
FY23$1.7B+6.1%$1.7B+6.9%$1.7B+4.4%$1.7B+0.5%
FY22$1.6B+5.1%$1.6B+7.0%$1.6B+12.3%$1.7B+11.7%
Share25%24%25%25%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+6.4%

FY2020
$5.20B
FY2025
$7.08B

5 years selected · on the chart

01—History

Gross Profit History

Year-over-year comparison from 10-K annual reports

  19. $7.08B
YoY changeLargest recent move+14.8%in FY21Latest +0.5%

1 older move runs past ±20% (largest −21.9%); point at, tap or drag across the bars to read one.

02—Ledger

Gross Profit, period by period

PeriodValueChangeSource
FY2025$7.08B+0.5%10-K
FY2024$7.04B+3.7%10-K
FY2023$6.79B+4.4%10-K
FY2022$6.50B+9.0%10-K
FY2021$5.97B+14.8%10-K
FY2020$5.20B−12.2%10-K
FY2019$5.92B−3.9%10-K
FY2018$6.16B+2.6%10-K
FY2017$6.01B+5.6%10-K
FY2016$5.69B+3.2%10-K
FY2015$5.52B−5.1%10-K
FY2014$5.81B+4.1%10-K
FY2013$5.58B−1.3%10-K
FY2012$5.66B+4.3%10-K
FY2011$5.43B+0.1%10-K
FY2010$5.42B+17.3%10-K
FY2009$4.62B−21.9%10-K
FY2008$5.91B+4.1%10-K
FY2007$5.68B—10-K

03—Questions

What is gross profit?

Gross profit can be defined as revenue minus the cost of goods sold, representing the profit a company makes before deducting operating expenses.

What is ILLINOIS TOOL WORKS INC's current gross profit?

ILLINOIS TOOL WORKS INC (ITW) annual gross profit for 2025 was $7.08B, a 0.50% increase from 2024. ILLINOIS TOOL WORKS INC gross profit for the quarter ending March 31, 2026 was $1.76B.

What was ILLINOIS TOOL WORKS INC's gross profit in 2024?

ILLINOIS TOOL WORKS INC annual gross profit for 2024 was $7.04B, a 3.67% increase from 2023.

What was ILLINOIS TOOL WORKS INC's gross profit in 2023?

ILLINOIS TOOL WORKS INC annual gross profit for 2023 was $6.79B, a 4.43% increase from 2022.

What is ILLINOIS TOOL WORKS INC's 5-year gross profit CAGR?

ILLINOIS TOOL WORKS INC gross profit grew at a compound annual growth rate (CAGR) of 6.36% from FY2020 to FY2025, going from $5.20B to $7.08B over 5 years.

Company
ILLINOIS TOOL WORKS INC
Ticker
ITW
Sector
Industrial
Industry
General Industrial Machinery & Equipment
View company profile →