Eaton (ETN) Operating Expenses (2012 - 2026)
Eaton's (ETN) quarterly Operating Expenses came in at $1.5 billion in Q1 2026, up 18.78% year-on-year from $1.2 billion in Q1 2025, and up 22.11% on a QoQ basis from $1.2 billion in Q4 2025.
Eaton (ETN) Operating Expenses (2012 - 2026) Analysis & Trends
Eaton (ETN) has 15 years of Operating Expenses data on file, last reported at $1.5 billion in Q1 2026.
- On a quarterly basis, Operating Expenses rose 18.78% year-over-year to $1.5 billion in Q1 2026; TTM through Mar 2026 was $5.3 billion, a 8.96% increase from a year earlier, with the FY2025 full-year figure at $5.1 billion, up 4.87% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.5 billion, up from $1.2 billion in the prior quarter.
- Over the last five years, Operating Expenses for ETN reached as high as $1.5 billion in Q1 2026 and fell as low as $955.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2024.
- Across the five-year window, Operating Expenses fell 3.3% in 2022 and gained 20.15% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $963.0 million in 2022, then rose by 20.15% to $1.2 billion in 2023, then gained by 4.06% to $1.2 billion in 2024, then rose by 0.66% to $1.2 billion in 2025, then advanced by 22.11% to $1.5 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | - |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 370.70 Mn |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 559.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.48 Bn |
| Dec 31, 2025 | 1.21 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 1.34 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.24 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.21 Bn |
| Dec 31, 2023 | 1.16 Bn |
| Sep 30, 2023 | 1.14 Bn |
| Jun 30, 2023 | 1.17 Bn |
| Mar 31, 2023 | 1.08 Bn |
| Dec 31, 2022 | 963.00 Mn |
| Sep 30, 2022 | 978.00 Mn |
| Jun 30, 2022 | 996.00 Mn |
| Mar 31, 2022 | 955.00 Mn |
| Dec 31, 2021 | 913.00 Mn |
| Sep 30, 2021 | 986.00 Mn |
| Jun 30, 2021 | 1.03 Bn |