Eaton (ETN) Gross Margin (2010 - 2025)

Eaton (ETN) reported Gross Margin of 37.48% for FY2025, down 1.89% year-over-year from 38.2% in FY2024.

Eaton (ETN) Gross Margin (2010 - 2025) Analysis & Trends

Eaton (ETN) has 16 years of Gross Margin data on file, last reported at 37.48% in FY2025.

  • 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 slipped to 37.48% in FY2025 per ETN's latest filing, from 38.2% in the prior year.
  • Over five years, Gross Margin peaked at 38.2% in FY2024 and troughed at 32.28% in FY2021.
  • A 5-year average of 35.5% and a median of 36.36% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin jumped 317 bps in 2023, then plunged 72 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 32.28% in 2021, then grew by 3 bps to 33.19% in 2022, then advanced by 10 bps to 36.36% in 2023, then increased by 5 bps to 38.2% in 2024, then decreased by 2 bps to 37.48% in 2025.
  • Business Quant data shows ETN's Gross Margin at 37.48% in FY2025, 38.2% in FY2024, and 36.36% in FY2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Yr)
1 GE Vernova 299.46 Bn 290.43 Bn 1.78 Bn -
2 Eaton 164.06 Bn 163.35 Bn 2.65 Bn -
3 Parker-Hannifin 120.65 Bn 120.18 Bn 2.02 Bn -
4 Cummins 98.98 Bn 96.25 Bn 2.24 Bn -
5 Emerson Electric 84.75 Bn 82.97 Bn 2.42 Bn -
6 Illinois Tool Works 76.17 Bn 75.34 Bn 1.76 Bn -
7 Ametek 54.28 Bn 53.79 Bn 717.56 Mn -
8 Rockwell Automation 53.18 Bn 52.81 Bn 1.13 Bn -
9 Ingersoll Rand 30.53 Bn 29.32 Bn 792.40 Mn -
10 Dover 30.25 Bn 28.61 Bn 798.14 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 37.48%
Dec 31, 2024 38.20%
Dec 31, 2023 36.36%
Dec 31, 2022 33.19%
Dec 31, 2021 32.28%
Dec 31, 2020 30.52%
Dec 31, 2019 32.97%
Dec 31, 2018 32.85%
Dec 31, 2017 32.58%
Dec 31, 2016 32.16%
Dec 31, 2015 31.41%
Dec 31, 2014 30.62%
Dec 31, 2013 30.29%
Dec 31, 2012 0.00%
Dec 31, 2011 0.00%
Dec 31, 2010 29.76%