Eaton Corporation plc
IndustrialsNYSE:ETN · New York Stock Exchange
-$2.25 today
Vol 1.60M · Avg 2.60M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$28.5B of revenue converted into $4.0B of net income for the selected period. Gross margin is 36.9% and net margin is 14.0%, showing how much revenue survives after costs and taxes. EPS is $10.23, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.4B +10.3% | $24.9B +7.3% | $23.2B +11.8% | $20.8B +5.7% | $19.6B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $17.1B +11.4% | $15.4B +4.2% | $14.8B +6.6% | $13.8B +4.0% | $13.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $10.3B +8.6% | $9.5B +12.6% | $8.4B +22.1% | $6.9B +9.4% | $6.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 37.6% -0.6pp | 38.2% +1.8pp | 36.4% +3.1pp | 33.3% +1.1pp | 32.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $796.0M +0.3% | $794.0M +5.3% | $754.0M +13.4% | $665.0M +8.0% | $616.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $4.3B +11.6% | $3.8B +4.2% | $3.7B +22.8% | $3.0B +6.0% | $2.8B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $5.1B +9.6% | $4.6B +4.4% | $4.4B +21.1% | $3.7B +6.4% | $3.4B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $751.0M -18.5% | $921.0M -0.5% | $926.0M -2.9% | $954.0M +3.5% | $922.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $5.9B +5.6% | $5.6B +13.5% | $5.0B +25.5% | $4.0B -0.2% | $4.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 21.7% -1.0pp | 22.6% +1.2pp | 21.4% +2.3pp | 19.0% -1.1pp | 20.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $5.2B +7.5% | $4.9B +21.8% | $4.0B +23.3% | $3.2B +12.9% | $2.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 19.1% -0.5pp | 19.6% +2.3pp | 17.2% +1.6pp | 15.6% +1.0pp | 14.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $264.0M +83.3% | $144.0M -30.8% | $208.0M +136.4% | $88.0M -38.9% | $144.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$297.0M +1.0% | -$300.0M -78.6% | -$168.0M +49.1% | -$330.0M -1369.2% | $26.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $4.9B +8.0% | $4.6B +19.3% | $3.8B +31.5% | $2.9B +0.5% | $2.9B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 18.0% -0.4pp | 18.4% +1.9pp | 16.5% +2.5pp | 14.0% -0.7pp | 14.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $840.0M +9.4% | $768.0M +27.2% | $604.0M +35.7% | $445.0M -40.7% | $750.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $4.1B +7.8% | $3.8B +17.9% | $3.2B +30.7% | $2.5B +14.8% | $2.1B | $4.9B | $4.8B | $4.7B |
| Net Margin | 14.9% -0.4pp | 15.3% +1.4pp | 13.9% +2.0pp | 11.9% +0.9pp | 10.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $10 +10.0% | $10 +18.4% | $8 +30.4% | $6 +14.9% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $10 +10.1% | $10 +18.5% | $8 +30.6% | $6 +15.0% | $5 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $388.2M -2.4% | $397.6M -0.4% | $399.1M +0.1% | $398.7M +0.0% | $398.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $389.5M -2.5% | $399.4M -0.4% | $401.1M +0.1% | $400.8M -0.2% | $401.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
The Boeing Company
NYSE:BA
$172.68B
Union Pacific Corporation
NYSE:UNP
$161.91B
Deere & Company
NYSE:DE
$155.88B
Honeywell International Inc.
NASDAQ:HON
$139.60B
Lockheed Martin Corporation
NYSE:LMT
$124.58B
Parker-Hannifin Corporation
NYSE:PH
$113.92B
Howmet Aerospace Inc.
NYSE:HWM
$105.90B
Cummins Inc.
NYSE:CMI
$91.01B
Emerson Electric Co.
NYSE:EMR
$80.13B
Illinois Tool Works Inc.
NYSE:ITW
$74.06B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ETN generate?
Eaton Corporation plc (ETN) reported $27.45B of revenue in fiscal 2025.
Is ETN profitable?
Eaton Corporation plc (ETN) reported $4.09B of net income, with a net margin of 14.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.