Eaton (ETN) Gross Margin (2011 - 2026)

Eaton (ETN) reported Gross Margin of 35.59% for Q1 2026, down 278.0% year-over-year from 20.0% in Q1 2025, and down 2.2% quarter-over-quarter from 36.39% in Q4 2025.

Eaton (ETN) Gross Margin (2011 - 2026) Analysis & Trends

Eaton (ETN) has 16 years of Gross Margin data on file, last reported at 35.59% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 35.59%, down 278.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.78% (down 166.0% YoY), and the FY2025 annual result was 37.48%, down 72.0% from the prior year.
  • Gross Margin retreated to 35.59% in Q1 2026 per ETN's latest filing, from 36.39% 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 36.25% and a median of 36.95% in 2025 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2023 and 2026: Gross Margin surged 407 bps in 2023, then tumbled 278 bps in 2026.
  • A 5-year view of Gross Margin shows it stood at 34.14% in 2022, then increased by 10 bps to 37.46% in 2023, then increased by 4 bps to 38.93% in 2024, then fell by 7 bps to 36.39% in 2025, then dropped by 2 bps to 35.59% in 2026.
  • Business Quant data shows ETN's Gross Margin at 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 251.14 Bn 242.11 Bn 1.78 Bn 19.07%
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 35.59%
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 36.77%
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 26.71%
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 53.09%
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 43.82%
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 37.21%
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 50.25%
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 38.86%
10 Ingersoll Rand 28.28 Bn 27.07 Bn 792.40 Mn 42.90%

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%