Eaton (ETN) Cost of Revenue (2012 - 2026)
Eaton's Cost of Revenue came in at $5.84 billion for Q3 2026, up 35.5% from $4.31 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Eaton (ETN) Cost of Revenue (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Eaton reported Cost of Revenue of $20.77 billion, up 26.0% year-over-year; for FY2025, it was $17.13 billion, up 11.4% from FY2024.
- Cost of Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 6.7% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $15.38 billion in FY2024 (+4.2%), $14.76 billion in FY2023 (+6.5%), $13.87 billion in FY2022 (+4.3%) and $13.29 billion in FY2021 (+7.1%).
- The Q3 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q1 2012.
- Year-over-year, Cost of Revenue has increased for 17 consecutive quarters, with growth averaging 16.7% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q3 2026 (growth of 35.5%), and the weakest in Q2 2022 (a decline of 1.1%).
- Business Quant data shows ETN's Cost of Revenue at $5.68 billion (Q2 2026), $4.8 billion (Q1 2026) and $4.46 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 13.33 Bn |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 6.21 Bn |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 7.95 Bn |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 5.84 Bn |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 3.73 Bn |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 3.80 Bn |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 2.22 Bn |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 2.33 Bn |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 2.67 Bn |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | 2.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.84 Bn |
| Jun 30, 2026 | 5.68 Bn |
| Mar 31, 2026 | 4.80 Bn |
| Dec 31, 2025 | 4.46 Bn |
| Sep 30, 2025 | 4.31 Bn |
| Jun 30, 2025 | 4.43 Bn |
| Mar 31, 2025 | 3.93 Bn |
| Dec 31, 2024 | 3.81 Bn |
| Sep 30, 2024 | 3.90 Bn |
| Jun 30, 2024 | 3.94 Bn |
| Mar 31, 2024 | 3.73 Bn |
| Dec 31, 2023 | 3.73 Bn |
| Sep 30, 2023 | 3.68 Bn |
| Jun 30, 2023 | 3.75 Bn |
| Mar 31, 2023 | 3.60 Bn |
| Dec 31, 2022 | 3.55 Bn |
| Sep 30, 2022 | 3.55 Bn |
| Jun 30, 2022 | 3.51 Bn |
| Mar 31, 2022 | 3.27 Bn |
| Dec 31, 2021 | 3.23 Bn |
API Access
Eaton Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ETN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();