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| Date | Value |
|---|---|
| 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% |