Eaton (ETN) Gross Margin (2012 - 2026)
Eaton (ETN) posted quarterly Gross Margin of 33.47% for Q2 2026, down 349.0% year-over-year from 13.44% in Q2 2025, and down 5.97% on a QoQ basis from 35.59% in Q1 2026.
Eaton (ETN) Gross Margin (2012 - 2026) Analysis & Trends
Eaton has reported Gross Margin for 15 years, with the latest figure at 33.47% in Q2 2026.
- Gross Margin for Q2 2026 came in at 33.47%, down 349.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 35.9% (down 226.0% YoY), and the FY2025 annual result was 37.59%, down 61.0% from the prior year.
- Gross Margin declined to 33.47% in Q2 2026, 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.
- The widest annual swing landed in 2023, when Gross Margin soared 407 bps; it then sank 349 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 34.14% in 2022, then rose by 10 bps to 37.46% in 2023, then rose by 4 bps to 38.93% in 2024, then fell by 5 bps to 36.82% in 2025, then dropped by 9 bps to 33.47% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 33.47% in Q2 2026, 35.59% in Q1 2026, and 36.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 42.10% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 29.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 33.47% |
| Mar 31, 2026 | 35.59% |
| Dec 31, 2025 | 36.39% |
| 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% |