Eaton (ETN) Operating Margin (2012 - 2026)

Eaton's (ETN) quarterly Operating Margin came in at 15.73% in Q1 2026, down 310.0% year-on-year from 7.49% in Q1 2025, and down 17.63% on a QoQ basis from 19.1% in Q4 2025.

Eaton (ETN) Operating Margin (2012 - 2026) Analysis & Trends

Eaton (ETN) has 15 years of Operating Margin data on file, last reported at 15.73% in Q1 2026.

  • On a quarterly basis, Operating Margin fell 310.0% year-over-year to 15.73% in Q1 2026; TTM through Mar 2026 was 18.03%, a 105.0% decrease from a year earlier, with the FY2025 full-year figure at 18.84%, up 22.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 15.73%, down from 19.1% in the prior quarter.
  • Over the last five years, Operating Margin for ETN reached as high as 19.63% in Q4 2024 and fell as low as 12.78% in Q1 2022.
  • Historically, Operating Margin has averaged 17.05% across 5 years, with a median of 17.87% in 2025.
  • Across the five-year window, Operating Margin jumped 316 bps in 2023 and plunged 310 bps in 2026, its largest moves.
  • Year by year, Operating Margin stood at 16.25% in 2022, then increased by 11 bps to 18.07% in 2023, then increased by 9 bps to 19.63% in 2024, then fell by 3 bps to 19.1% in 2025, then slipped by 18 bps to 15.73% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 15.73% in Q1 2026, 19.1% in Q4 2025, and 19.56% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 GE Vernova 270.93 Bn 257.81 Bn 2.36 Bn 5.88%
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn 15.73%
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn 20.65%
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn 11.30%
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn 24.24%
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn 25.40%
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn 26.70%
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn 20.86%
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn 15.68%
10 Xylem 29.09 Bn 28.28 Bn 803.00 Mn 11.48%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.73%
Dec 31, 2025 19.10%
Sep 30, 2025 19.56%
Jun 30, 2025 17.87%
Mar 31, 2025 18.83%
Dec 31, 2024 19.63%
Sep 30, 2024 19.09%
Jun 30, 2024 18.79%
Mar 31, 2024 16.89%
Dec 31, 2023 18.07%
Sep 30, 2023 18.03%
Jun 30, 2023 16.13%
Mar 31, 2023 14.61%
Dec 31, 2022 16.25%
Sep 30, 2022 14.87%
Jun 30, 2022 13.64%
Mar 31, 2022 12.78%
Dec 31, 2021 13.73%
Sep 30, 2021 12.17%
Jun 30, 2021 12.27%