Eaton (ETN) Net Margin (2012 - 2026)
Eaton's Net Margin came in at 9.62% for Q2 2026, down 4.35 percentage points from 13.97% a year earlier and down 2.00 percentage points from the prior quarter.
Powered by 
Analysis
Eaton (ETN) Net Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Eaton reported Net Margin of 12.75%, down 2.35 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 Q2 2026 figure represents the lowest quarterly Net Margin since Q2 2020.
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -1.09 percentage points.
- 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 11.62% (Q1 2026), 16.05% (Q4 2025) and 14.45% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 17.49% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 20.20% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 10.94% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 9.62% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 18.96% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 15.20% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 14.73% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 14.35% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 18.95% |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 9.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 12.78% |
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();