Eaton Corporation plc (ETN)

Eaton Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	25,989	24,878	23,196	20,752	19,628	17,858
Revenue Growth (YoY)	7.66%	7.25%	11.78%	5.73%	9.91%	-16.51%
Cost of Revenue	16,071	15,375	14,762	13,865	13,293	12,408
Gross Profit	9,918	9,503	8,434	6,887	6,335	5,450
Selling, General & Admin	4,202	4,036	3,747	3,194	3,212	3,113
Research & Development	799	794	754	665	616	551
Operating Expenses	5,001	4,830	4,501	3,859	3,828	3,664
Operating Income	4,917	4,673	3,933	3,028	2,507	1,786
Interest Expense	-187	-131	-220	-88	-144	-221
Currency Exchange Gain (Loss)	13	1	69	-56	-	72
Other Non Operating Income (Expenses)	-84	-51	-28	-44	-84	-112
EBT Excluding Unusual Items	4,659	4,492	3,754	2,840	2,279	1,525
Merger & Restructuring Charges	-	-	-	-29	-	-
Gain (Loss) on Sale of Investments	12	12	20	-5	-	-
Gain (Loss) on Sale of Assets	56	56	53	105	617	221
Other Unusual Items	6	6	-	-	-	-
Pretax Income	4,733	4,566	3,827	2,911	2,896	1,746
Income Tax Expense	804	768	604	445	750	331
Earnings From Continuing Operations	3,929	3,798	3,223	2,466	2,146	1,415
Minority Interest in Earnings	-4	-4	-5	-4	-2	-5
Net Income	3,925	3,794	3,218	2,462	2,144	1,410
Net Income to Common	3,925	3,794	3,218	2,462	2,144	1,410
Net Income Growth	7.53%	17.90%	30.71%	14.83%	52.06%	-36.23%
Shares Outstanding (Basic)	393	398	399	399	399	402
Shares Outstanding (Diluted)	395	399	401	401	402	404
Shares Change (YoY)	-1.66%	-0.42%	0.07%	-0.20%	-0.59%	-3.99%
EPS (Basic)	9.98	9.54	8.06	6.18	5.38	3.51
EPS (Diluted)	9.94	9.50	8.02	6.14	5.34	3.49
EPS Growth	9.40%	18.45%	30.62%	14.98%	53.01%	-33.52%
Free Cash Flow	3,275	3,519	2,867	1,935	1,588	2,555
Free Cash Flow Per Share	8.29	8.81	7.15	4.83	3.95	6.32
Dividend Per Share	3.960	3.760	3.440	3.240	3.040	2.920
Dividend Growth	10.00%	9.30%	6.17%	6.58%	4.11%	2.82%
Gross Margin	38.16%	38.20%	36.36%	33.19%	32.27%	30.52%
Operating Margin	18.92%	18.78%	16.96%	14.59%	12.77%	10.00%
Profit Margin	15.10%	15.25%	13.87%	11.86%	10.92%	7.90%
Free Cash Flow Margin	12.60%	14.14%	12.36%	9.32%	8.09%	14.31%
EBITDA	5,879	5,594	4,859	3,982	3,429	2,597
EBITDA Margin	22.62%	22.49%	20.95%	19.19%	17.47%	14.54%
D&A For EBITDA	962	921	926	954	922	811
EBIT	4,917	4,673	3,933	3,028	2,507	1,786
EBIT Margin	18.92%	18.78%	16.96%	14.59%	12.77%	10.00%
Effective Tax Rate	16.99%	16.82%	15.78%	15.29%	25.90%	18.96%

Updated May 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q