Eaton Corporation plc (ETN)

Eaton Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	23,196	20,752	19,628	17,858	21,390
Revenue Growth (YoY)	11.78%	5.73%	9.91%	-16.51%	-1.01%
Cost of Revenue	14,762	13,865	13,293	12,408	14,338
Gross Profit	8,434	6,887	6,335	5,450	7,052
Selling, General & Admin	3,795	3,227	3,256	3,075	3,583
Research & Development	754	665	616	551	606
Operating Expenses	4,549	3,892	3,872	3,626	4,189
Operating Income	3,885	2,995	2,463	1,824	2,863
Interest Expense / Income	151	144	144	149	199
Other Expense / Income	-88	-56	-575	-66	75
Pretax Income	3,822	2,907	2,894	1,741	2,589
Income Tax	604	445	750	331	378
Net Income	3,218	2,462	2,144	1,410	2,211
Net Income Growth	30.71%	14.83%	52.06%	-36.23%	3.08%
Shares Outstanding (Basic)	399	399	399	402	419
Shares Outstanding (Diluted)	401	401	402	404	421
Shares Change	0.07%	-0.20%	-0.59%	-3.99%	-3.69%
EPS (Basic)	8.06	6.17	5.38	3.51	5.28
EPS (Diluted)	8.02	6.14	5.34	3.49	5.25
EPS Growth	30.62%	14.98%	53.01%	-33.52%	6.92%
Free Cash Flow	2,943	2,098	1,632	2,567	2,864
Free Cash Flow Per Share	7.37	5.26	4.09	6.38	6.83
Dividend Per Share	3.440	3.240	3.040	3.650	2.840
Dividend Growth	6.17%	6.58%	-16.71%	28.52%	7.58%
Gross Margin	36.36%	33.19%	32.28%	30.52%	32.97%
Operating Margin	16.75%	14.43%	12.55%	10.21%	13.38%
Profit Margin	13.87%	11.86%	10.92%	7.90%	10.34%
Free Cash Flow Margin	12.69%	10.11%	8.31%	14.37%	13.39%
Effective Tax Rate	15.80%	15.31%	25.92%	19.01%	14.60%
EBITDA	4,899	4,005	3,960	2,701	3,672
EBITDA Margin	21.12%	19.30%	20.18%	15.12%	17.17%
Depreciation & Amortization	926	954	922	811	884
EBIT	3,973	3,051	3,038	1,890	2,788
EBIT Margin	17.13%	14.70%	15.48%	10.58%	13.03%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).