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Eaton Corporation (ETN)
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Eaton Corporation Income Statement 2025-2009 | ETN
Brief overview of financial results at Eaton Corporation
The overview follows changes across a five-year period. According to figures from Eaton Corporation, revenue changed from $17.9 billion to $27.4 billion over five years. The total change was +53.7%, with a CAGR of approximately 9%. The company expanded at a measured pace.
The gross result shifted from 5.5 billion dollars to 10.3 billion dollars, or +89.3%. The relationship between sales and direct costs improved over the period. Comparing the endpoints gives gross margins of 30.5% and 37.6%. A wider margin shows that the economics of the core business improved.
The five-year EBITDA result moved by +24%: from $811 million to $1 billion. The operating result developed less favorably than sales. Comparing the endpoints gives EBITDA margins of 4.5% and 3.7%. The EBITDA margin stayed near its previous level.
Over the period, net income shifted from 1.4 billion dollars to 4.1 billion dollars (+189.9%). The final year delivered the highest net income in the period.
Market capitalization changed from $51.3 billion to $146 billion (+183.8%). Market value supported the favorable financial trajectory.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by revenue expansion, better sales economics and a steady EBITDA margin. The main areas of concern are a narrow EBITDA buffer. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Eaton Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
146 B | 115 B | 115 B | 68.8 B | 61.5 B | 51.3 B | 40.7 B | 31.7 B | 37.7 B | 32 B | 23.5 B | 29.9 B | 35 B | 19.8 B | 16.8 B | 11.4 B | - |
Shares |
390 M | 398 M | 399 M | 399 M | 399 M | 402 M | 419 M | 434 M | 444 M | 455 M | 466 M | 474 M | 474 M | 348 M | 338 M | 336 M | - |
Historical Prices |
374 | 290 | 289 | 173 | 154 | 128 | 86.1 | 44 | 43 | 37.2 | 28.2 | 34.1 | 34.9 | 28.2 | 23 | 34.1 | 23.6 |
Net Income |
4.09 B | 3.79 B | 3.22 B | 2.46 B | 2.14 B | 1.41 B | 2.21 B | 2.14 B | 2.98 B | 1.92 B | 1.98 B | 1.79 B | 1.86 B | 1.22 B | 1.35 B | 929 M | - |
Revenue |
27.4 B | 24.9 B | 23.2 B | 20.8 B | 19.6 B | 17.9 B | 21.4 B | 21.6 B | 20.4 B | 19.7 B | 20.9 B | 22.6 B | 22 B | 16.3 B | 16 B | - | - |
Cost of Revenue |
17.1 B | 15.4 B | 14.8 B | 13.9 B | 13.3 B | 12.4 B | 14.3 B | 14.5 B | 13.8 B | 13.4 B | 14.3 B | 15.6 B | 15.4 B | 11.4 B | 11.3 B | 9.63 B | - |
Gross Profit |
- | - | - | - | - | - | 7.05 B | 7.1 B | 6.65 B | 6.35 B | 6.56 B | 6.91 B | 6.68 B | 4.86 B | 4.79 B | - | - |
Operating Income |
- | - | - | - | - | - | 3.68 B | 3.63 B | 3.21 B | 2.96 B | 3.13 B | 3.31 B | 3.18 B | 2.22 B | 2.26 B | 1.7 B | - |
Interest Expense |
-37 M | 64 M | 93 M | 36 M | -40 M | -150 M | 199 M | -9 M | -1 M | 51 M | 35 M | 183 M | 8 M | -71 M | 38 M | 1 M | - |
EBITDA |
1.01 B | 921 M | 926 M | 954 M | 922 M | 811 M | 3.75 B | 3.87 B | 3.41 B | 3.18 B | 3.27 B | 3.43 B | 3.14 B | 2.13 B | 2.19 B | 2.25 B | - |
Operating Expenses |
- | - | - | - | - | - | 4.19 B | 4.13 B | 4.15 B | 4.09 B | 4.22 B | 4.46 B | 4.53 B | 3.33 B | 3.16 B | - | - |
General and Administrative Expenses |
4.31 B | 4.08 B | 3.8 B | 3.23 B | 3.26 B | 3.08 B | 3.58 B | 3.55 B | 3.56 B | 3.5 B | 3.6 B | 3.81 B | 3.89 B | 2.89 B | - | 2.49 B | - |
All numbers in USD currency
Quarterly Income Statement Eaton Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
388 M | 388 M | 388 M | 389 M | 390 M | 392 M | 393 M | 397 M | 399 M | 400 M | 399 M | 399 M | 399 M | 398 M | 398 M | 398 M | 399 M | 399 M | 399 M | 399 M | 399 M | 398 M | 398 M | 400 M | 400 M | 409 M | 413 M | 417 M | 422 M | 424 M | 424 M | 434 M | 435 M | 439 M | 440 M | 443 M | 446 M | 449 M | 449 M | 454 M | 457 M | 459 M | 459 M | 465 M | 468 M | 468 M | 468 M | 475 M | 476 M | 476 M | 475 M | 474 M | 473 M | 472 M | 471 M | 338 M | 337 M | 335 M | 334 M | - | - | - |
Net Income |
821 M | 866 M | - | 1.01 B | 982 M | 964 M | - | 1.01 B | 993 M | 821 M | - | 891 M | 744 M | 638 M | - | 607 M | 601 M | 533 M | - | 629 M | 506 M | 459 M | - | 446 M | 51 M | 438 M | - | 601 M | 636 M | 522 M | - | 416 M | 610 M | 488 M | - | 1.4 B | 516 M | 434 M | - | 523 M | 491 M | 404 M | - | 446 M | 535 M | 466 M | - | 602 M | 171 M | 439 M | - | 514 M | 497 M | 380 M | - | 347 M | 382 M | 311 M | - | - | - | - |
Revenue |
8.53 B | 7.45 B | - | 6.99 B | 7.03 B | 6.38 B | - | 6.34 B | 6.35 B | 5.94 B | - | 5.88 B | 5.87 B | 5.48 B | - | 5.31 B | 5.21 B | 4.84 B | - | 4.92 B | 5.22 B | 4.69 B | - | 4.53 B | 3.86 B | 4.79 B | - | 5.31 B | 5.53 B | 5.3 B | - | 5.41 B | 5.49 B | 5.25 B | - | 5.21 B | 5.13 B | 4.85 B | - | 4.99 B | 5.08 B | 4.81 B | - | 5.2 B | 5.37 B | 5.22 B | - | 5.73 B | 5.77 B | 5.49 B | - | 5.61 B | 5.6 B | 5.31 B | - | 3.95 B | 4.07 B | 3.96 B | - | - | - | - |
Cost of Revenue |
5.68 B | 4.8 B | - | 4.31 B | 4.43 B | 3.93 B | - | 3.9 B | 3.94 B | 3.72 B | - | 3.68 B | 3.75 B | 3.6 B | - | 3.54 B | 3.5 B | 3.27 B | - | 3.34 B | 3.54 B | 3.18 B | - | 3.05 B | 2.88 B | 3.3 B | - | 3.51 B | 3.7 B | 3.57 B | - | 3.6 B | 3.67 B | 3.57 B | - | 3.47 B | 3.45 B | 3.31 B | - | 3.37 B | 3.42 B | 3.29 B | - | 3.6 B | 3.68 B | 3.59 B | - | 3.92 B | 4.02 B | 3.86 B | - | 3.88 B | 3.87 B | 3.74 B | - | 2.75 B | 2.82 B | 2.75 B | - | - | - | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 846 M | 842 M | 723 M | - | 569 M | 592 M | 544 M | - | - | - | - |
Interest Expense |
-47 M | - | - | -25 M | - | - | - | 22 M | 32 M | 26 M | - | -33 M | -7 M | 11 M | - | -34 M | 41 M | 8 M | - | -66 M | 17 M | 11 M | - | -23 M | 38 M | 34 M | - | 54 M | 50 M | 60 M | - | -7 M | -8 M | 2 M | - | -19 M | -11 M | 6 M | - | 15 M | -5 M | 18 M | - | 3 M | 19 M | 5 M | - | 10 M | 166 M | 5 M | - | -7 M | -6 M | 10 M | - | 4 M | -8 M | -3 M | - | - | - | - |
EBITDA |
671 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 124 M | 122 M | 244 M | - | 684 M | - | 208 M | - | 603 M | 397 M | 199 M | - | 668 M | 442 M | 221 M | - | 680 M | 457 M | 230 M | - | 685 M | 453 M | 225 M | - | 700 M | 467 M | 233 M | - | 692 M | 460 M | 226 M | - | 743 M | 499 M | 249 M | - | 1.59 B | 1.33 B | 968 M | - | 988 M | 870 M | 684 M | - | - | - | - |
General and Administrative Expenses |
1.24 B | 1.27 B | - | 1.1 B | 1.15 B | 1.05 B | - | 1.03 B | 1.02 B | 1.02 B | - | 949 M | 986 M | 904 M | - | 813 M | 828 M | 790 M | - | 834 M | 876 M | 795 M | - | 754 M | 691 M | 865 M | - | 885 M | 907 M | 917 M | - | 889 M | 901 M | 889 M | - | 902 M | 891 M | 876 M | - | 853 M | 897 M | 892 M | - | 907 M | 901 M | 915 M | - | 961 M | 984 M | 962 M | - | 967 M | 960 M | 958 M | - | 687 M | 690 M | 702 M | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Eaton Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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