Stock Analysis on Net
Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Eaton Corp. plc, net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income attributable to Eaton ordinary shareholders1 ÷ Net sales1
Dec 31, 2024 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The financial data reflects the performance trends of the company over a 20-year period, focusing on net income attributable to ordinary shareholders, net sales, and net profit margin.

Net Income Attributable to Ordinary Shareholders
The net income exhibits an overall increasing trend from 2005 to 2024, starting at 805 million USD in 2005 and reaching 3,794 million USD in 2024. However, fluctuations are observed, with notable dips in 2009 (383 million USD) and 2020 (1,410 million USD). Following these declines, the net income notably recovers and continues its upward trajectory, particularly after 2013 where it rises steadily, peaking in recent years. This suggests periods of volatility likely influenced by external economic factors or internal company dynamics but with a general positive growth trend.
Net Sales
Net sales also demonstrate an overall growth pattern, increasing from 11,115 million USD in 2005 to 24,878 million USD in 2024. Nevertheless, the data shows variability, with a significant drop in 2009 to 11,873 million USD compared to 15,376 million USD in 2008. Post-2009, sales gradually recover and grow, surpassing previous highs around 2013 with 22,046 million USD. There is another downturn in 2015 and 2016, but growth resumes subsequently, demonstrating resilience and an expanding revenue base over the long term.
Net Profit Margin
The net profit margin has an upward trend, increasing from 7.24% in 2005 to 15.25% in 2024. The margin dips significantly in 2009 to 3.23%, corresponding with the reductions in net income and sales during that year, reflecting lower profitability likely due to economic downturn impacts. After this low point, the margin recovers and generally increases, reaching a high of 14.63% in 2017 and continuing to improve thereafter. This reflects enhanced operational efficiency or favorable cost management relative to sales revenue.

In summary, the data indicates that despite some periods of volatility, particularly around 2009 and 2020, the company has demonstrated strong growth in net income and sales over two decades. The improving net profit margin over time suggests increasing profitability and efficiency. Temporary downturns were followed by recovery phases, highlighting the company’s ability to navigate economic cycles and enhance performance sustainably.

Comparison to Competitors

Eaton Corp. plc, net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Eaton Corp. plc Boeing Co. Caterpillar Inc. GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Dec 31, 2024
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

Eaton Corp. plc, net profit margin, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Eaton Corp. plc Capital Goods
Dec 31, 2024
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Eaton Corp. plc, net profit margin, long-term trends, comparison to industry (industrials)

Microsoft Excel
Eaton Corp. plc Industrials
Dec 31, 2024
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Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).