Eaton (ETN) Net Margin (2012 - 2026)
Eaton's Net Margin came in at 12.05% for Q3 2026, down 2.40 percentage points from 14.45% a year earlier but up 2.43 percentage points from the prior quarter.
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Analysis
Eaton (ETN) Net Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Eaton reported Net Margin of 12.18%, down 2.56 percentage points year-over-year; for FY2025, it came in at 14.89%, down 0.36 percentage points from FY2024.
- Net Margin carries a five-year change of +6.99 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 15.25% in FY2024 (+1.38 pp), 13.87% in FY2023 (+2.01 pp), 11.86% in FY2022 (+0.94 pp) and 10.92% in FY2021 (+3.03 pp).
- The five-year range for quarterly Net Margin is 9.62% (Q2 2026) to 16.05% (Q4 2025).
- Year-over-year, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -1.48 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q3 2023 (a gain of 3.73 percentage points), and the weakest in Q2 2026 (a drop of 4.35 percentage points).
- Business Quant data shows ETN's Net Margin at 9.62% (Q2 2026), 11.62% (Q1 2026) and 16.05% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 15.89% |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 19.89% |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 12.05% |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 14.75% |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 20.85% |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 14.73% |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 20.18% |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 17.73% |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 14.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.05% |
| Jun 30, 2026 | 9.62% |
| Mar 31, 2026 | 11.62% |
| Dec 31, 2025 | 16.05% |
| Sep 30, 2025 | 14.45% |
| Jun 30, 2025 | 13.97% |
| Mar 31, 2025 | 15.12% |
| Dec 31, 2024 | 15.56% |
| Sep 30, 2024 | 15.90% |
| Jun 30, 2024 | 15.64% |
| Mar 31, 2024 | 13.81% |
| Dec 31, 2023 | 15.84% |
| Sep 30, 2023 | 15.15% |
| Jun 30, 2023 | 12.68% |
| Mar 31, 2023 | 11.64% |
| Dec 31, 2022 | 13.39% |
| Sep 30, 2022 | 11.42% |
| Jun 30, 2022 | 11.53% |
| Mar 31, 2022 | 10.98% |
| Dec 31, 2021 | 11.48% |
API Access
Eaton Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "ETN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();