Net Profit Margin
since 2005
Calculation
Eaton Corp. plc, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Eaton ordinary shareholders1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 14.89% | = | 100 | × | 4,087) | ÷ | 27,448) |
| Dec 31, 2024 | 15.25% | = | 100 | × | 3,794) | ÷ | 24,878) |
| Dec 31, 2023 | 13.87% | = | 100 | × | 3,218) | ÷ | 23,196) |
| Dec 31, 2022 | 11.86% | = | 100 | × | 2,462) | ÷ | 20,752) |
| Dec 31, 2021 | 10.92% | = | 100 | × | 2,144) | ÷ | 19,628) |
| Dec 31, 2020 | 7.90% | = | 100 | × | 1,410) | ÷ | 17,858) |
| Dec 31, 2019 | 10.34% | = | 100 | × | 2,211) | ÷ | 21,390) |
| Dec 31, 2018 | 9.93% | = | 100 | × | 2,145) | ÷ | 21,609) |
| Dec 31, 2017 | 14.63% | = | 100 | × | 2,985) | ÷ | 20,404) |
| Dec 31, 2016 | 9.73% | = | 100 | × | 1,922) | ÷ | 19,747) |
| Dec 31, 2015 | 9.49% | = | 100 | × | 1,979) | ÷ | 20,855) |
| Dec 31, 2014 | 7.95% | = | 100 | × | 1,793) | ÷ | 22,552) |
| Dec 31, 2013 | 8.44% | = | 100 | × | 1,861) | ÷ | 22,046) |
| Dec 31, 2012 | 7.46% | = | 100 | × | 1,217) | ÷ | 16,311) |
| Dec 31, 2011 | 8.41% | = | 100 | × | 1,350) | ÷ | 16,049) |
| Dec 31, 2010 | 6.77% | = | 100 | × | 929) | ÷ | 13,715) |
| Dec 31, 2009 | 3.23% | = | 100 | × | 383) | ÷ | 11,873) |
| Dec 31, 2008 | 6.88% | = | 100 | × | 1,058) | ÷ | 15,376) |
| Dec 31, 2007 | 7.63% | = | 100 | × | 994) | ÷ | 13,033) |
| Dec 31, 2006 | 7.68% | = | 100 | × | 950) | ÷ | 12,370) |
| Dec 31, 2005 | 7.24% | = | 100 | × | 805) | ÷ | 11,115) |
Based on: 10-K (reporting date: 2025-12-31), 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 net profit margin exhibited considerable fluctuation between 2005 and 2025. Initial years demonstrated a relatively stable margin, followed by a significant dip, a period of recovery, and then a surge before stabilizing at a higher level. A detailed examination reveals distinct phases in the company’s profitability.
- Initial Stability & Early Decline (2005-2009)
- From 2005 to 2007, the net profit margin remained within a narrow range of 7.24% to 7.68%, indicating consistent profitability. A slight decline was observed in 2008 to 6.88%. However, 2009 witnessed a substantial decrease to 3.23%, representing the lowest point in the observed period. This suggests a significant impact from external factors or internal challenges during that year.
- Recovery & Moderate Growth (2010-2014)
- Following the low in 2009, the net profit margin began a recovery trend, reaching 6.77% in 2010. This upward momentum continued through 2014, with the margin increasing to 7.95%. The period between 2010 and 2014 shows a gradual improvement in profitability, suggesting successful implementation of cost control measures or increased operational efficiency.
- Significant Improvement & Peak (2015-2017)
- The years 2015, 2016, and 2017 saw a marked improvement in the net profit margin, rising from 9.49% to 14.63%. This represents a period of substantial profitability growth, potentially driven by favorable market conditions, successful product launches, or strategic acquisitions. The peak margin of 14.63% in 2017 is the highest recorded during the analyzed timeframe.
- Stabilization at Higher Levels (2018-2025)
- After the peak in 2017, the net profit margin experienced a slight decrease to 9.93% in 2018. However, it subsequently stabilized and generally increased, reaching 15.25% in 2022. The final recorded value in 2025 is 14.89%, indicating sustained profitability at a level considerably higher than the early years of the period. This suggests the company has successfully maintained its improved profitability despite potential economic fluctuations.
Overall, the net profit margin demonstrates a trajectory of initial stability, a significant downturn, followed by a robust recovery and sustained high performance. The company appears to have navigated challenges effectively and capitalized on opportunities to enhance its profitability over the long term.
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Comparison to Competitors
Eaton Corp. plc, net profit margin, long-term trends, comparison to competitors
| Eaton Corp. plc | Boeing Co. | Caterpillar Inc. | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 14.89% | 2.50% | 13.89% | 20.57% | 12.63% | 6.69% | 7.60% |
| Dec 31, 2024 | 15.25% | -17.77% | 17.59% | 18.67% | 14.82% | 7.51% | 5.91% |
| Dec 31, 2023 | 13.87% | -2.86% | 16.18% | 14.68% | 15.43% | 10.24% | 4.64% |
| Dec 31, 2022 | 11.86% | -7.41% | 11.85% | 0.31% | 14.00% | 8.69% | 7.75% |
| Dec 31, 2021 | 10.92% | -6.75% | 13.47% | -9.17% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | 7.90% | -20.42% | 7.68% | 7.81% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | 10.34% | -0.83% | 12.00% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 9.93% | 10.34% | 11.86% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 14.63% | 8.78% | 1.77% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 9.73% | 5.18% | -0.19% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 9.49% | 5.39% | 4.76% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 7.95% | 6.00% | 7.09% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 8.44% | 5.29% | 7.19% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 7.46% | 4.77% | 9.01% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 8.41% | 5.85% | 8.59% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 6.77% | 5.14% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 3.23% | 1.92% | 3.03% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 6.88% | 4.39% | 7.40% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 7.63% | 6.14% | 8.44% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 7.68% | 3.60% | 9.10% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 7.24% | 4.69% | 8.39% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2025-12-31), 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)
| Eaton Corp. plc | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 14.89% | 9.52% |
| Dec 31, 2024 | 15.25% | 6.65% |
| Dec 31, 2023 | 13.87% | 9.09% |
| Dec 31, 2022 | 11.86% | 5.27% |
| Dec 31, 2021 | 10.92% | 3.71% |
| Dec 31, 2020 | 7.90% | 1.85% |
| Dec 31, 2019 | 10.34% | 5.03% |
| Dec 31, 2018 | 9.93% | 2.99% |
| Dec 31, 2017 | 14.63% | 3.41% |
| Dec 31, 2016 | 9.73% | 7.61% |
| Dec 31, 2015 | 9.49% | 4.69% |
| Dec 31, 2014 | 7.95% | 9.51% |
| Dec 31, 2013 | 8.44% | 8.78% |
| Dec 31, 2012 | 7.46% | 8.73% |
| Dec 31, 2011 | 8.41% | 9.04% |
| Dec 31, 2010 | 6.77% | 7.93% |
| Dec 31, 2009 | 3.23% | 6.61% |
| Dec 31, 2008 | 6.88% | 9.45% |
| Dec 31, 2007 | 7.63% | 11.53% |
| Dec 31, 2006 | 7.68% | 10.82% |
| Dec 31, 2005 | 7.24% | 9.72% |
Based on: 10-K (reporting date: 2025-12-31), 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)
| Eaton Corp. plc | Industrials | |
|---|---|---|
| Dec 31, 2025 | 14.89% | 9.59% |
| Dec 31, 2024 | 15.25% | 8.06% |
| Dec 31, 2023 | 13.87% | 8.32% |
| Dec 31, 2022 | 11.86% | 5.04% |
| Dec 31, 2021 | 10.92% | 5.85% |
| Dec 31, 2020 | 7.90% | 0.09% |
| Dec 31, 2019 | 10.34% | 4.11% |
| Dec 31, 2018 | 9.93% | 4.75% |
| Dec 31, 2017 | 14.63% | 5.79% |
| Dec 31, 2016 | 9.73% | 7.43% |
| Dec 31, 2015 | 9.49% | 6.48% |
| Dec 31, 2014 | 7.95% | 8.76% |
| Dec 31, 2013 | 8.44% | 8.23% |
| Dec 31, 2012 | 7.46% | 7.39% |
| Dec 31, 2011 | 8.41% | 8.26% |
| Dec 31, 2010 | 6.77% | 7.48% |
| Dec 31, 2009 | 3.23% | 5.76% |
| Dec 31, 2008 | 6.88% | 7.27% |
| Dec 31, 2007 | 7.63% | 9.56% |
| Dec 31, 2006 | 7.68% | 14.87% |
| Dec 31, 2005 | 7.24% | 3.55% |
Based on: 10-K (reporting date: 2025-12-31), 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).