Eaton Corporation plc (ETN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 7.45B | 7.05B | 6.99B | 7.03B | 6.38B | 6.24B | 6.34B | 6.35B | 5.94B | 5.97B | 5.88B | 5.87B | 5.48B | 5.38B | 5.31B | 5.21B | 4.84B | 4.8B | 4.92B | 5.21B |
| Revenue Growth % | 16.84% | 13.06% | 10.13% | 10.68% | 7.3% | 4.58% | 7.91% | 8.25% | 8.39% | 10.83% | 10.67% | 12.55% | 13.21% | 12.21% | 7.92% | -0.06% | 3.22% | 2.37% | 8.77% | 35.24% |
| Cost of Goods Sold | 4.8B | 4.46B | 4.31B | 4.43B | 3.93B | 3.81B | 3.9B | 3.94B | 3.73B | 3.73B | 3.68B | 3.75B | 3.6B | 3.54B | 3.54B | 3.49B | 3.27B | 3.23B | 3.34B | 3.56B |
| COGS % of Revenue | 64.41% | 63.18% | 61.72% | 63.05% | 61.63% | 61.09% | 61.48% | 62.06% | 62.7% | 62.54% | 62.65% | 63.88% | 65.64% | 65.81% | 66.67% | 66.96% | 67.54% | 67.3% | 67.87% | 68.17% |
| Gross Profit | 2.65B | 2.6B | 2.67B | 2.6B | 2.45B | 2.43B | 2.44B | 2.41B | 2.22B | 2.23B | 2.2B | 2.12B | 1.88B | 1.84B | 1.77B | 1.72B | 1.57B | 1.57B | 1.58B | 1.66B |
| Gross Margin % | 35.59% | 36.82% | 38.28% | 36.95% | 38.37% | 38.91% | 38.52% | 37.94% | 37.3% | 37.46% | 37.35% | 36.12% | 34.36% | 34.19% | 33.33% | 33.04% | 32.46% | 32.7% | 32.13% | 31.83% |
| Gross Profit Growth % | 8.38% | 7% | 9.45% | 7.8% | 10.37% | 8.64% | 11.29% | 13.69% | 17.68% | 21.4% | 24% | 23.05% | 19.85% | 17.34% | 11.95% | 3.73% | 4.52% | 4.25% | 7.25% | 69.39% |
| Operating Expenses | 1.48B | 1.21B | 1.31B | 1.34B | 1.22B | 1.12B | 1.19B | 1.19B | 1.13B | 1.16B | 1.11B | 1.11B | 1.08B | 967M | 853M | 935M | 908M | 861M | 773M | 930M |
| OpEx % of Revenue | 19.86% | 17.18% | 18.72% | 19.08% | 19.1% | 17.96% | 18.68% | 18.77% | 19.08% | 19.44% | 18.89% | 18.85% | 19.75% | 17.96% | 16.05% | 17.94% | 18.75% | 17.95% | 15.7% | 17.83% |
| Selling, General & Admin | 1.27B | 1.01B | 1.1B | 1.15B | 1.02B | 920M | 978M | 996M | 945M | 959M | 924M | 919M | 904M | 800M | 688M | 767M | 743M | 699M | 621M | 776M |
| SG&A % of Revenue | 17.03% | 14.3% | 15.81% | 16.35% | 16% | 14.74% | 15.41% | 15.68% | 15.9% | 16.07% | 15.71% | 15.67% | 16.49% | 14.86% | 12.95% | 14.72% | 15.34% | 14.57% | 12.61% | 14.88% |
| Research & Development | 211M | 203M | 203M | 192M | 198M | 201M | 207M | 196M | 189M | 201M | 187M | 187M | 179M | 167M | 165M | 168M | 165M | 162M | 152M | 154M |
| R&D % of Revenue | 2.83% | 2.88% | 2.9% | 2.73% | 3.1% | 3.22% | 3.26% | 3.09% | 3.18% | 3.37% | 3.18% | 3.19% | 3.26% | 3.1% | 3.11% | 3.22% | 3.41% | 3.38% | 3.09% | 2.95% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.17B | 1.38B | 1.37B | 1.26B | 1.23B | 1.31B | 1.26B | 1.22B | 1.08B | 1.08B | 1.08B | 1.01B | 801M | 874M | 918M | 787M | 664M | 708M | 809M | 730M |
| Operating Margin % | 15.73% | 19.52% | 19.56% | 17.87% | 19.27% | 20.95% | 19.84% | 19.17% | 18.22% | 18.07% | 18.45% | 17.27% | 14.61% | 16.23% | 17.28% | 15.1% | 13.71% | 14.76% | 16.43% | 14% |
| Operating Income Growth % | -4.64% | 5.36% | 8.58% | 3.2% | 13.48% | 21.24% | 16.04% | 20.14% | 35.21% | 23.34% | 18.19% | 28.72% | 20.63% | 23.45% | 13.47% | 7.81% | 6.58% | 10.28% | 29.03% | 61.15% |
| EBITDA | 1.17B | 1.63B | 1.63B | 1.52B | 1.46B | 1.54B | 1.49B | 1.44B | 1.31B | 1.31B | 1.31B | 1.24B | 1.04B | 1.11B | 1.16B | 1.02B | 908M | 946M | 1.06B | 959M |
| EBITDA Margin % | 15.73% | 23.13% | 23.25% | 21.59% | 22.91% | 24.7% | 23.53% | 22.74% | 22.01% | 21.94% | 22.35% | 21.16% | 18.95% | 20.65% | 21.74% | 19.61% | 18.75% | 19.72% | 21.45% | 18.39% |
| EBITDA Growth % | -19.78% | 5.91% | 8.84% | 5.06% | 11.7% | 17.72% | 13.62% | 16.36% | 25.89% | 17.72% | 13.77% | 21.43% | 14.43% | 17.55% | 9.38% | 6.57% | 9.27% | 11.29% | 26.77% | 47.31% |
| D&A (Non-Cash Add-back) | 0 | 255M | 258M | 261M | 232M | 234M | 234M | 227M | 225M | 231M | 229M | 228M | 238M | 238M | 237M | 235M | 244M | 238M | 247M | 229M |
| EBIT | 1.17B | 1.37B | 1.34B | 1.26B | 1.23B | 1.21B | 1.24B | 1.2B | 1.06B | 1.15B | 1.13B | 949M | 824M | 923M | 719M | 727M | 643M | 666M | 1.12B | 743M |
| Net Interest Income | -106M | -70M | -67M | -71M | -56M | -46M | -33M | -6M | -57M | -59M | -52M | -52M | -62M | -73M | 15M | -6M | -24M | -41M | -5M | -123M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 106M | 70M | 67M | 71M | 56M | 46M | 33M | 6M | 57M | 59M | 52M | 52M | 62M | 73M | 0 | 6M | 24M | 41M | 5M | 123M |
| Other Income/Expense | -65M | -74M | -92M | -70M | -52M | -140M | -55M | -22M | -82M | 10M | -6M | -115M | -39M | -23M | -198M | -67M | -45M | -83M | 304M | -110M |
| Pretax Income | 1.11B | 1.3B | 1.27B | 1.19B | 1.18B | 1.17B | 1.2B | 1.2B | 1B | 1.09B | 1.08B | 898M | 762M | 851M | 720M | 720M | 619M | 625M | 1.11B | 620M |
| Pretax Margin % | 14.86% | 18.47% | 18.25% | 16.88% | 18.46% | 18.7% | 18.98% | 18.82% | 16.84% | 18.23% | 18.35% | 15.31% | 13.9% | 15.81% | 13.55% | 13.81% | 12.78% | 13.03% | 22.61% | 11.89% |
| Income Tax | 240M | 170M | 264M | 203M | 212M | 195M | 193M | 201M | 179M | 141M | 187M | 153M | 123M | 129M | 112M | 119M | 86M | 74M | 483M | 114M |
| Effective Tax Rate % | 21.68% | 13.05% | 20.71% | 17.12% | 18.01% | 16.71% | 16.03% | 16.82% | 17.88% | 12.96% | 17.33% | 17.04% | 16.14% | 15.16% | 15.56% | 16.53% | 13.89% | 11.84% | 43.4% | 18.39% |
| Net Income | 866M | 1.13B | 1.01B | 982M | 964M | 971M | 1.01B | 993M | 821M | 945M | 891M | 744M | 638M | 721M | 607M | 601M | 532M | 551M | 629M | 506M |
| Net Margin % | 11.62% | 16.06% | 14.45% | 13.97% | 15.12% | 15.56% | 15.9% | 15.64% | 13.81% | 15.84% | 15.15% | 12.68% | 11.64% | 13.39% | 11.42% | 11.53% | 10.98% | 11.48% | 12.78% | 9.7% |
| Net Income Growth % | -10.17% | 16.68% | 0.1% | -1.11% | 17.42% | 2.75% | 13.24% | 33.47% | 28.68% | 31.07% | 46.79% | 23.79% | 19.92% | 30.85% | -3.5% | 18.77% | 16.16% | 16% | 41.03% | 892.16% |
| Net Income (Continuing) | 867M | 1.13B | 1.01B | 983M | 965M | 972M | 1.01B | 994M | 822M | 947M | 892M | 745M | 639M | 722M | 608M | 601M | 533M | 551M | 630M | 506M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 44M | 44M | 42M | 41M | 41M | 43M | 45M | 35M | 34M | 33M | 36M | 36M | 36M | 38M | 35M | 36M | 36M | 38M | 43M | 42M |
| EPS (Diluted) | 2.22 | 2.91 | 2.59 | 2.51 | 2.45 | 2.45 | 2.53 | 2.48 | 2.04 | 2.35 | 2.22 | 1.86 | 1.59 | 1.80 | 1.52 | 1.50 | 1.32 | 1.37 | 1.57 | 1.26 |
| EPS Growth % | -9.39% | 18.78% | 2.37% | 1.21% | 20.1% | 4.26% | 13.96% | 33.33% | 28.3% | 30.56% | 46.05% | 24% | 20.45% | 31.39% | -3.18% | 19.05% | 15.79% | 16.1% | 41.44% | 869.23% |
| EPS (Basic) | 2.23 | 2.92 | 2.60 | 2.51 | 2.46 | 2.46 | 2.54 | 2.49 | 2.05 | 2.37 | 2.23 | 1.87 | 1.60 | 1.81 | 1.52 | 1.51 | 1.33 | 1.38 | 1.58 | 1.27 |
| Diluted Shares Outstanding | 389.2M | 389.5M | 390.1M | 392.5M | 393.6M | 396M | 398.9M | 401M | 401.9M | 401.8M | 401.6M | 400.7M | 400.5M | 400.3M | 400.3M | 400.7M | 401.8M | 402.1M | 401.9M | 401.4M |
| Basic Shares Outstanding | 388.2M | 388.2M | 388.8M | 391.2M | 392.2M | 394.1M | 397.1M | 399.2M | 399.9M | 399.6M | 399.4M | 398.9M | 398.5M | 398M | 398.4M | 399M | 399.2M | 398.9M | 398.9M | 398.8M |
| Dividend Payout Ratio | 47.92% | 35.66% | 40% | 42.87% | 41.18% | 38.1% | 37.07% | 39.07% | 44.82% | 36.4% | 38.5% | 48.12% | 52.35% | 44.66% | 53.21% | 55.57% | 60.15% | 54.99% | 48.17% | 61.86% |