Eaton (ETN) Operating Income (2012 - 2026)
Eaton (ETN) reported Operating Income of $1.59 billion for Q3 2026, up 16.2% from $1.37 billion a year earlier and up 14.2% from the prior quarter.
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Analysis
Eaton (ETN) Operating Income (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Eaton's Operating Income came in at $5.54 billion, up 9.7% year-over-year; for FY2025, it was $5.21 billion, up 12.5% from FY2024.
- Operating Income has increased for five consecutive years, with a five-year compound annual growth rate of 23.4% (FY2020 to FY2025).
- By year, Operating Income came in at $4.63 billion in FY2024 (+19.2%), $3.89 billion in FY2023 (+29.7%), $3 billion in FY2022 (+21.6%) and $2.46 billion in FY2021 (+35.0%).
- The Q3 2026 figure ranks as the highest quarterly Operating Income in data going back to Q1 2012.
- Year over year, Operating Income gained in seven of the last eight quarters, with growth averaging 11.2%.
- The high point for year-over-year Operating Income in five years was Q3 2023 (growth of 34.2%); the low point was Q1 2026 (a decline of 2.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.39 billion (Q2 2026), $1.17 billion (Q1 2026) and $1.39 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 4.21 Bn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 3.02 Bn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 1.86 Bn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 1.59 Bn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 1.20 Bn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 1.56 Bn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 1.31 Bn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 1.18 Bn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 983.80 Mn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 981.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.59 Bn |
| Jun 30, 2026 | 1.39 Bn |
| Mar 31, 2026 | 1.17 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.37 Bn |
| Jun 30, 2025 | 1.26 Bn |
| Mar 31, 2025 | 1.20 Bn |
| Dec 31, 2024 | 1.23 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.19 Bn |
| Mar 31, 2024 | 1.00 Bn |
| Dec 31, 2023 | 1.08 Bn |
| Sep 30, 2023 | 1.06 Bn |
| Jun 30, 2023 | 946.00 Mn |
| Mar 31, 2023 | 801.00 Mn |
| Dec 31, 2022 | 875.00 Mn |
| Sep 30, 2022 | 790.00 Mn |
| Jun 30, 2022 | 711.00 Mn |
| Mar 31, 2022 | 619.00 Mn |
| Dec 31, 2021 | 659.00 Mn |
API Access
Eaton Operating Income 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=operating-income&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();