Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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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
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Eaton Corp. plc, consolidated income statement (quarterly data)
US$ in millions
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).
An examination of the quarterly financial performance reveals a consistent upward trajectory in top-line growth and a general expansion of profitability margins over the analyzed period. Net sales increased from 4,692 million US dollars in March 2021 to 7,451 million US dollars by March 2026, representing a significant expansion in market reach and revenue generation.
- Revenue and Gross Profitability
- Gross profit exhibited a strong positive correlation with net sales, rising from 1,508 million US dollars to 2,652 million US dollars. The gross margin percentage improved steadily, indicating enhanced production efficiency or pricing power. While cost of products sold increased in absolute terms, the rate of increase was lower than that of net sales, contributing to the overall margin expansion.
- Operating Expenses and Income
- Selling and administrative expenses trended upward, growing from 795 million US dollars to 1,269 million US dollars, with a notable spike in the final quarter of the period. Research and development spending also saw a gradual increase, rising from 148 million US dollars to 211 million US dollars, reflecting a sustained commitment to innovation. Operating income showed substantial growth, although the September 2021 figure was atypically inflated due to a 617 million US dollar gain on the sale of a business. Excluding this one-time event, the operating income trend remains positive, peaking in late 2025 before a slight contraction in the first quarter of 2026.
- Interest and Net Income Trends
- Interest expenses remained relatively stable between 2021 and 2024, generally fluctuating between 26 million and 50 million US dollars. However, a marked increase is observed starting in June 2025, with expenses rising to 106 million US dollars by March 2026, which pressured the final net income figures. Despite this, net income attributable to ordinary shareholders grew from 458 million US dollars in March 2021 to a peak of 1,131 million US dollars in December 2025, before declining to 866 million US dollars in March 2026.
The overall financial profile indicates a company in a strong growth phase with improving operational efficiency, although the most recent data suggests emerging headwinds in the form of increased financing costs and higher administrative overhead.