Eaton (ETN) Operating Expenses (2012 - 2026)
Eaton (ETN) reported Operating Expenses of $1.5 billion for Q1 2026, up 18.78% year-over-year from $1.2 billion in Q1 2025, and up 22.11% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $1.5 billion, up 18.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.3 billion (up 8.96% YoY), and the FY2025 annual result was $5.1 billion, up 4.87% from the prior year.
- Operating Expenses grew to $1.5 billion in Q1 2026 per ETN's latest filing, from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q1 2026 and troughed at $955.0 million in Q1 2022.
- A 5-year average of $1.2 billion and a median of $1.2 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses decreased 3.3% in 2022, then climbed 20.15% in 2023.
- A 5-year view of Operating Expenses shows it stood at $963.0 million in 2022, then climbed by 20.15% to $1.2 billion in 2023, then grew by 4.06% to $1.2 billion in 2024, then climbed by 0.66% to $1.2 billion in 2025, then increased by 22.11% to $1.5 billion in 2026.
- Business Quant data shows ETN's Operating Expenses at $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 | 251.14 Bn | 242.11 Bn | 1.78 Bn | 1.60 Bn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | - |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 492.23 Mn |
| 10 | Ingersoll Rand | 28.28 Bn | 27.07 Bn | 792.40 Mn | 370.70 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 |