Eaton (ETN) Gross Margin (2012 - 2026)

Eaton's (ETN) quarterly Gross Margin came in at 35.59% in Q1 2026, down 278.0% year-on-year from 20.0% in Q1 2025, and down 2.2% on a QoQ basis from 36.39% in Q4 2025.

Eaton (ETN) Gross Margin (2012 - 2026) Analysis & Trends

Eaton (ETN) has 15 years of Gross Margin data on file, last reported at 35.59% in Q1 2026.

  • On a quarterly basis, Gross Margin fell 278.0% year-over-year to 35.59% in Q1 2026; TTM through Mar 2026 was 36.78%, a 166.0% decrease from a year earlier, with the FY2025 full-year figure at 37.48%, down 72.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 35.59%, down from 36.39% in the prior quarter.
  • Over the last five years, Gross Margin for ETN reached as high as 38.93% in Q4 2024 and fell as low as 32.5% in Q1 2022.
  • Historically, Gross Margin has averaged 36.25% across 5 years, with a median of 36.95% in 2025.
  • Across the five-year window, Gross Margin soared 407 bps in 2023 and sank 278 bps in 2026, its largest moves.
  • Year by year, Gross Margin stood at 34.14% in 2022, then advanced by 10 bps to 37.46% in 2023, then advanced by 4 bps to 38.93% in 2024, then slipped by 7 bps to 36.39% in 2025, then retreated by 2 bps to 35.59% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 35.59% in Q1 2026, 36.39% in Q4 2025, and 38.28% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 GE Vernova 270.93 Bn 257.81 Bn 2.36 Bn 21.25%
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn 35.59%
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn 36.77%
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn 26.71%
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn 53.09%
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn 43.82%
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn 37.21%
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn 50.25%
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn 42.90%
10 Xylem 29.09 Bn 28.28 Bn 803.00 Mn 37.79%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 32.02%