Company / Operating Margin
Illinois Tool Works Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
26.3%
FY2025
5-year range
22.9% / 26.8%
FY2021-FY2025
Trend
-2.0%
vs FY2024
Sector context
#14 of 304
Industrials
What the data says
Among 304 Industrials companies, Illinois Tool Works is in the top 5% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from 19.9% in FY2016 to 26.8% in FY2024.
Based on SEC 10-K filings.
26.3% in FY2025 with a 5-year CAGR of +2.0%. Top quartile in the Industrials sector.
Improved from 25.1% to 26.3% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +3.4pp
- 5-Year Change
- +2.0pp
- 10-Year Change
- -
Sector benchmark
Top 5% in IndustrialsTop 5% of 304This company 26.3% Sector average -843.0%
▼
+103.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 2.0% year-over-year.
- Currently 869.3pp above the Industrials sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 3.54 (safe zone, above 2.9 threshold)
- Strong return on equity: 94.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 26.3% | -2.0% |
| FY2024 | 26.8% | +6.9% |
| FY2023 | 25.1% | +9.4% |
| FY2022 | 22.9% | -4.9% |
| FY2021 | 24.1% | -0.7% |
| FY2020 | 24.3% | +0.7% |
| FY2019 | 24.1% | +7.3% |
| FY2018 | 22.5% | +5.0% |
| FY2017 | 21.4% | +7.3% |
| FY2016 | 19.9% | +12.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026