Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Eaton Corp. plc pages available for free this week:
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Eaton Corp. plc for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Eaton Corp. plc, common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial data indicates a period of significant margin expansion followed by a recent contraction in profitability. Over the majority of the analyzed timeframe, there is a consistent improvement in both gross and operating margins, suggesting enhanced operational efficiency or increased pricing power. This positive trajectory peaked in late 2024 and 2025 before a downturn was observed in the first quarter of 2026.
- Gross Profitability and Cost Management
- Gross profit margins demonstrated a steady upward trend, rising from 32.14% in March 2021 to a peak of 38.93% in December 2024. This improvement is directly correlated with a sustained reduction in the cost of products sold, which declined from 67.86% in early 2021 to a low of 61.07% by December 2024. However, a reversal occurred in early 2026, with the cost of products sold increasing to 64.41% and gross profit receding to 35.59%.
- Operating Expense Trends
- Selling and administrative expenses remained relatively range-bound, generally fluctuating between 14% and 17% of net sales. While there were periodic dips, such as the 14.30% observed in September 2025, the expense ratio returned to 17.03% by March 2026. Research and development expenses exhibited high stability throughout the period, consistently remaining between 2.73% and 3.41% of net sales, indicating a disciplined and steady investment in innovation regardless of revenue fluctuations.
- Operating and Net Income Performance
- Operating income margins showed an overall growth pattern, moving from 12.04% in March 2021 to 19.62% in December 2024. A significant non-recurring spike occurred in September 2021, where operating income reached 24.70% due to a one-time gain on the sale of a business totaling 12.53% of net sales. Net income attributable to ordinary shareholders mirrored this growth, climbing from 9.76% in early 2021 to a high of 16.03% in December 2025, before falling to 11.62% in March 2026.
- Non-Operating Items and Taxation
- Net interest expenses were generally maintained below 1% of net sales for most of the period, although a peak of 1.42% was reached in March 2026. Income tax expenses as a percentage of net sales remained volatile, with a notable peak of 9.81% in September 2021 coinciding with the gain on the sale of business. Other income and expenses remained immaterial, typically fluctuating within a narrow band around zero.