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