Illinois Tool Works Operating Margin 2010-2024 | ITW
- Illinois Tool Works average operating margin for 2023 was 24.73%, a 5.86% increase from 2022.
- Illinois Tool Works average operating margin for 2022 was 23.36%, a 3.71% increase from 2021.
- Illinois Tool Works average operating margin for 2021 was 24.26%, a 5.16% decline from 2020.
Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.