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:
- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Analysis of Revenues
- Aggregate Accruals
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Eaton Corp. plc, consolidated income statement (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Net Sales
- Net sales demonstrated a generally upward trend from March 2020 to September 2025, increasing from approximately $4,789 million to nearly $6,988 million. While there were some short-term fluctuations, the overall growth indicates strengthening revenue generation over the period.
- Cost of Products Sold
- The cost of products sold followed an increasing pattern in line with net sales, rising from about $3,302 million in March 2020 to $4,313 million by September 2025. Despite periodic decreases, the cost base expanded progressively, reflecting higher production or procurement expenses over the years.
- Gross Profit
- Gross profit exhibited steady growth from $1,487 million in the first quarter of 2020 to around $2,675 million by the third quarter of 2025. The gross margin generally improved, suggesting effective management of cost relative to sales, although some quarters presented minor declines.
- Selling and Administrative Expense
- These expenses increased over time, from $865 million in early 2020 to approximately $1,105 million in mid-2025. The rise indicates additional spending on sales, marketing, and administration in line with business expansion, but the proportional increase is somewhat controlled relative to sales growth.
- Research and Development Expense
- R&D expense showed a gradual upward trend, increasing from $153 million in March 2020 to $203 million by September 2025. This steady investment in innovation reflects a commitment to product development and long-term competitive positioning.
- Gain on Sale of Business
- Significant gains were recorded sporadically, notably in June 2020 and again in September 2021, with a peak gain of $617 million. Such gains positively influenced operating income during these periods, although these events were not consistent components of earnings.
- Operating Income
- Operating income demonstrated overall growth and variability, beginning at $690 million in March 2020, with fluctuations including a peak around $1,367 million by December 2025. The periods with gain on sale of business notably elevated operating income. The continued increase suggests improved operating efficiency and profitability.
- Interest Expense, Net
- Interest expenses remained relatively stable with slight fluctuations around the $30-70 million range. The broader pattern shows manageable and well-contained interest costs relative to income levels.
- Other Income (Expense), Net
- This item showed variability across quarters with both positive and negative amounts, indicating sporadic gains and losses not central to core operations but impacting net profitability on occasion.
- Income Before Income Taxes
- Income before income taxes followed a trajectory consistent with operating income trends, increasing from $621 million in early 2020 to a range exceeding $1,200 million towards the later periods. The upward movement reflects operational strength combined with controlled financial and other expenses.
- Income Tax Expense
- The income tax expense was variable but generally increased in absolute terms, ranging from a net benefit or small charges early in 2020 to charges exceeding $200 million in later years. Tax expense trends align with increasing pre-tax income.
- Net Income
- Net income attributed to ordinary shareholders showed an improving trend with some volatility, starting at $438 million and rising to over $1,000 million in recent quarters. This indicates enhanced profitability and shareholder returns, with notable growth despite moderate fluctuations.