Eaton CorporationETNEarnings & Financial Report
Eaton Corporation plc is an Irish multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.
Revenue
$7.0B
Gross Profit
$2.7B
Operating Profit
$1.3B
Net Profit
$1.0B
Gross Margin
38.3%
Operating Margin
18.2%
Net Margin
14.5%
YoY Growth
10.1%
EPS
$2.59
Financial Flow
Eaton Corporation Q3 2025 Financial Summary
Eaton Corporation reported revenue of $7.0B (up 10.1% YoY) for Q3 2025, with a net profit of $1.0B (up 0.1% YoY) (14.5% margin). Cost of goods sold was $4.3B, operating expenses totaled $1.4B.
Key Financial Metrics
| Total Revenue | $7.0B |
|---|---|
| Net Profit | $1.0B |
| Gross Margin | 38.3% |
| Operating Margin | 18.2% |
| Report Period | Q3 2025 |
Revenue Breakdown
Eaton Corporation Q3 2025 revenue of $7.0B breaks down across 8 segments, led by Systems at $2.6B (37.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Systems | $2.6B | 37.1% |
| Other | $2.1B | 30.5% |
| Products | $814.0M | 11.6% |
| Original Equipment Manufacturers | $407.0M | 5.8% |
| Commercial | $370.0M | 5.3% |
| Industrialand Other | $269.0M | 3.8% |
| Passenger And Light Duty | $268.0M | 3.8% |
| E Mobility Segment | $136.0M | 1.9% |
Eaton Corporation Revenue by Segment — Quarterly Trend
Eaton Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Systems and Other) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Systems | — | $2.6B | $2.5B | $2.3B |
| Other | $1.8B | $2.1B | — | $631.0M |
| Products | — | $814.0M | — | $743.0M |
| Original Equipment Manufacturers | $438.0M | $407.0M | $409.0M | $386.0M |
| Commercial | $341.0M | $370.0M | $377.0M | $360.0M |
Eaton Corporation Annual Revenue by Year
Eaton Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $27.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $27.4B |
| 2024 | $24.9B |
| 2023 | $23.2B |
| 2022 | $20.8B |
Eaton Corporation Quarterly Revenue & Net Profit History
Eaton Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $7.1B | +13.1% | $1.1B | 16.0% |
| Q3 2025 | $7.0B | +10.1% | $1.0B | 14.5% |
| Q2 2025 | $7.0B | +10.7% | $982.0M | 14.0% |
| Q1 2025 | $6.4B | +7.3% | $964.0M | 15.1% |
| Q4 2024 | $6.2B | +4.6% | $971.0M | 15.6% |
| Q3 2024 | $6.3B | +7.9% | $1.0B | 15.9% |
| Q2 2024 | $6.3B | +8.3% | $993.0M | 15.6% |
| Q1 2024 | $5.9B | +8.4% | $821.0M | 13.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.94B | $6.35B | $6.34B | $6.24B | $6.38B | $7.03B | $6.99B | $7.05B |
| YoY Growth | 8.4% | 8.3% | 7.9% | 4.6% | 7.3% | 10.7% | 10.1% | 13.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $38.53B | $39.38B | $39.24B | $38.38B | $39.21B | $40.51B | $40.65B | $41.25B |
| Liabilities | $19.24B | $20.16B | $20.12B | $19.89B | $20.70B | $21.90B | $21.81B | $21.83B |
| Equity | $19.29B | $19.22B | $19.12B | $18.49B | $18.51B | $18.61B | $18.84B | $19.43B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $475.0M | $946.0M | $1.31B | $1.60B | $238.0M | $918.0M | $1.35B | $1.97B |