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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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Selected Financial Data 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: 2026-06-30), 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 performance over the analyzed period is characterized by substantial top-line growth and a general expansion of operating profitability, although recent quarters indicate emerging pressures on the bottom line due to rising financing costs.
- Revenue and Gross Margin Trends
- Net sales exhibit a consistent upward trajectory, increasing from 4,692 million US dollars in March 2021 to a peak of 8,531 million US dollars by June 2026. This growth reflects a strong expansion in market reach or pricing power. Gross profit followed a similar growth pattern, rising from 1,508 million US dollars to 2,855 million US dollars. The gross margin remained relatively stable throughout the period, suggesting that the company successfully managed the cost of products sold in proportion to its sales growth.
- Operating Expense and Income Analysis
- Selling and administrative expenses and research and development costs both trended upward over the five-year span. Selling and administrative expenses grew from 795 million US dollars to 1,236 million US dollars, while research and development spending increased from 148 million US dollars to 227 million US dollars. Despite these rising overheads, operating income showed a significant long-term increase, moving from 565 million US dollars in early 2021 to 1,392 million US dollars by mid-2026. A notable non-recurring spike occurred in September 2021, attributed to a 617 million US dollar gain on the sale of a business.
- Net Income and Financing Costs
- Net income attributable to ordinary shareholders grew steadily from 458 million US dollars in March 2021, peaking at 1,131 million US dollars in December 2025. However, a divergence is observed in the first half of 2026; while net sales reached record highs, net income declined to 821 million US dollars by June 2026. This contraction is primarily driven by a sharp increase in net interest expenses, which surged from 33 million US dollars in March 2024 to 201 million US dollars by June 2026, indicating a significant increase in debt service obligations or a rise in interest rates.