Eaton Corp. plc
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.45B | $24.88B | $23.18B | $20.80B | $19.62B | $17.86B | $21.01B | $21.13B |
| Electrical Americas | — | — | $10.21B | $8.54B | $7.54B | $6.97B | $7.91B | $0 |
| Electrical Global | — | — | $5.96B | $5.67B | $5.29B | $4.85B | $5.00B | $0 |
| Electrical Rest of World | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Electrical Products | — | — | $0 | $0 | $0 | $0 | $0 | $7.11B |
| Electrical Systems and Services | — | — | $0 | $0 | $0 | $0 | $0 | $5.86B |
| Hydraulics | — | — | $0 | $0 | $891.0M | $1.31B | $1.83B | $2.73B |
| Aerospace | — | — | $3.41B | $3.05B | $2.97B | $2.24B | $2.04B | $1.88B |
| Vehicle | — | — | $2.93B | $2.80B | $2.58B | $2.19B | $2.92B | $3.27B |
| Truck | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Automotive | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| eMobility | — | — | $654.0M | $538.0M | $354.0M | $305.0M | $322.0M | $294.0M |
| Reconciliation_Other | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $17.13B | $15.38B | $14.76B | $13.87B | $13.29B | $12.41B | $14.34B | $14.51B |
| Gross Profit | $10.32B | $9.50B | $8.41B | $6.93B | $6.33B | $5.45B | $6.67B | $6.62B |
| Gross Margin | 37.6% | 38.2% | 36.3% | 33.3% | 32.3% | 30.5% | 31.8% | 31.3% |
| Operating Expenses | ||||||||
| Research & Development | $797.0M | $794.0M | $754.0M | $665.0M | $616.0M | $551.0M | $606.0M | $584.0M |
| SG&A Expense | $4.31B | $4.08B | $3.80B | $3.23B | $3.26B | $3.08B | $3.58B | $3.55B |
| Operating Income | $4.93B | $4.57B | $3.83B | $2.91B | $3.04B | $1.90B | $3.68B | $3.63B |
| Operating Margin | 18.0% | 18.4% | 16.5% | 14.0% | 15.5% | 10.6% | 17.5% | 17.2% |
| Interest Expense | — | — | — | — | $144.0M | $149.0M | $199.0M | — |
| Pretax Income | $4.93B | $4.57B | $3.83B | $2.91B | $2.90B | $1.75B | $2.59B | $2.42B |
| Income Tax Expense | $841.0M | $768.0M | $604.0M | $445.0M | $750.0M | $331.0M | $378.0M | $278.0M |
| Net Income | $4.09B | $3.79B | $3.22B | $2.46B | $2.14B | $1.41B | $2.21B | $2.15B |
| Net Margin | 14.9% | 15.3% | 13.9% | 11.8% | 10.9% | 7.9% | 10.5% | 10.2% |
| EPS (Basic) | $10.48 | $9.54 | $8.06 | $6.17 | $5.38 | $3.51 | $5.28 | $4.93 |
| EPS (Diluted) | $10.45 | $9.50 | $8.02 | $6.14 | $5.34 | $3.49 | $5.25 | $4.91 |
| Shares Outstanding (Basic) | 389.9M | 397.6M | 399.1M | 398.7M | 398.7M | 402.2M | 419.0M | 434.3M |
| Shares Outstanding (Diluted) | 391.2M | 399.4M | 401.1M | 400.8M | 401.6M | 404.0M | 420.8M | 436.9M |
| Dividends Per Share | $4.16 | $3.76 | $3.44 | $3.24 | $3.04 | $2.92 | $2.84 | $2.64 |