Eaton (ETN) Gross Margin (2012 - 2026)
Eaton's (ETN) quarterly Gross Margin came in at 33.47% in Q2 2026, down 349.0% year-over-year from 13.44% in Q2 2025, and down 5.97% quarter-over-quarter from 35.59% in Q1 2026.
Analysis
Eaton (ETN) Gross Margin (2012 - 2026) Analysis & Trends
Eaton (ETN) has reported Gross Margin for 15 consecutive years, with 33.47% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 349.0% year-over-year to 33.47% in Q2 2026; TTM through Jun 2026 was 35.9%, a 226.0% decrease from a year earlier, with the FY2025 full-year figure at 37.59%, down 61.0% from the prior year.
- Gross Margin was 33.47% for Q2 2026 at Eaton, down from 35.59% in the prior quarter.
- Over five years, Gross Margin peaked at 38.93% in Q4 2024 and troughed at 32.5% in Q1 2022.
- A 5-year average of 36.12% and a median of 36.89% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 407 bps in 2023 and slumped 349 bps in 2026, its largest moves.
- Over 5 years, Gross Margin stood at 34.14% in 2022, then grew by 10 bps to 37.46% in 2023, then grew by 4 bps to 38.93% in 2024, then dropped by 5 bps to 36.82% in 2025, then decreased by 9 bps to 33.47% in 2026.
- The last three Gross Margin figures came in at 33.47% (Q2 2026), 35.59% (Q1 2026), and 36.82% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 200.46 Bn | 194.35 Bn | 3.55 Bn | 40.51% |
| 2 | Eaton | 161.54 Bn | 160.85 Bn | 2.86 Bn | 33.47% |
| 3 | Vertiv Holdings | 100.83 Bn | 97.72 Bn | 1.23 Bn | 37.71% |
| 4 | TE Connectivity | 59.59 Bn | 58.35 Bn | 1.84 Bn | 35.56% |
| 5 | nVent Electric | 25.65 Bn | 25.40 Bn | 558.00 Mn | 37.93% |
| 6 | Hubbell | 24.08 Bn | 23.69 Bn | 613.00 Mn | 35.81% |
| 7 | Advanced Energy Industries | 11.11 Bn | 9.69 Bn | 236.10 Mn | 41.13% |
| 8 | Aptiv | 9.45 Bn | 8.69 Bn | 775.00 Mn | 23.67% |
| 9 | Valmont Industries | 9.30 Bn | 9.17 Bn | 340.82 Mn | 30.47% |
| 10 | Vicor | 8.40 Bn | 7.95 Bn | 83.12 Mn | 57.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.47% |
| Mar 31, 2026 | 35.59% |
| Dec 31, 2025 | 36.82% |
| Sep 30, 2025 | 38.28% |
| Jun 30, 2025 | 36.95% |
| Mar 31, 2025 | 38.37% |
| Dec 31, 2024 | 38.93% |
| Sep 30, 2024 | 38.55% |
| Jun 30, 2024 | 37.95% |
| Mar 31, 2024 | 37.32% |
| Dec 31, 2023 | 37.46% |
| Sep 30, 2023 | 37.35% |
| Jun 30, 2023 | 36.12% |
| Mar 31, 2023 | 34.36% |
| Dec 31, 2022 | 34.14% |
| Sep 30, 2022 | 33.28% |
| Jun 30, 2022 | 32.75% |
| Mar 31, 2022 | 32.50% |
| Dec 31, 2021 | 32.76% |
| Sep 30, 2021 | 32.20% |