Eaton (ETN) Operating Margin (2011 - 2026)

Eaton (ETN) reported Operating Margin of 15.73% for Q1 2026, down 310.0% year-over-year from 7.49% in Q1 2025, and down 17.63% quarter-over-quarter from 19.1% in Q4 2025.

Eaton (ETN) Operating Margin (2011 - 2026) Analysis & Trends

Eaton (ETN) has 16 years of Operating Margin data on file, last reported at 15.73% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 15.73%, down 310.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.03% (down 105.0% YoY), and the FY2025 annual result was 18.84%, up 22.0% from the prior year.
  • Operating Margin slipped to 15.73% in Q1 2026 per ETN's latest filing, from 19.1% in the prior quarter.
  • Over five years, Operating Margin peaked at 19.63% in Q4 2024 and troughed at 12.78% in Q1 2022.
  • A 5-year average of 17.05% and a median of 17.87% in 2025 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2026: Operating Margin soared 316 bps in 2023, then slumped 310 bps in 2026.
  • A 5-year view of Operating Margin shows it stood at 16.25% in 2022, then advanced by 11 bps to 18.07% in 2023, then advanced by 9 bps to 19.63% in 2024, then slipped by 3 bps to 19.1% in 2025, then fell by 18 bps to 15.73% in 2026.
  • Business Quant data shows ETN's Operating Margin at 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 299.46 Bn 290.43 Bn 1.78 Bn 1.92%
2 Eaton 164.06 Bn 163.35 Bn 2.65 Bn 15.73%
3 Parker-Hannifin 120.65 Bn 120.18 Bn 2.02 Bn 20.65%
4 Cummins 98.98 Bn 96.25 Bn 2.24 Bn 11.30%
5 Emerson Electric 84.75 Bn 82.97 Bn 2.42 Bn 24.24%
6 Illinois Tool Works 76.17 Bn 75.34 Bn 1.76 Bn 25.40%
7 Ametek 54.28 Bn 53.79 Bn 717.56 Mn 26.70%
8 Rockwell Automation 53.18 Bn 52.81 Bn 1.13 Bn 20.86%
9 Ingersoll Rand 30.53 Bn 29.32 Bn 792.40 Mn 15.68%
10 Dover 30.25 Bn 28.61 Bn 798.14 Mn 14.90%

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%