ETN Eaton margins

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 67
Gross margin
35.9%
Operating margin
17.8%
EBITDA margin
21.5%
Net margin
12.8%

Current Eaton reports a gross margin of 35.9%, an operating margin of 17.8%, an EBITDA margin of 21.5%, and a net margin of 12.8%. Gross margin headed the decline across the available margins, falling by 2.3 percentage points.

ETN margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Eaton's margins averaged 37.3% gross, 18.17% operating, 22.04% EBITDA, and 14.53% net. Each of the four current margins is below its three-year average.

ETN margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by gross and net margins with a decline of 2.3 percentage points.

Gross margin expansion
-2.3pp
Operating margin expansion
-1.1pp
EBITDA margin expansion
-1.1pp
Net margin expansion
-2.3pp

ETN Gross margin

Across the last 3 years, Eaton's gross margin averaged 37.3%. As of the latest period, Eaton's current gross margin is 35.9%, which is 1.4 percentage points below its three-year average. Gross margin was highest at 38.4% in Mar 2025 and lowest at 35.5% in Sep 2023.

ETN Operating margin

Looking back over the last 3 years, Eaton recorded an average operating margin of 18.17%. Eaton's current operating margin is 17.8% and is 0.4 percentage points below its three-year average. The highest operating margin for Eaton was 19.2% in Mar 2025, while the lowest was 16.7% in Sep 2023.

ETN EBITDA margin

The average EBITDA margin for Eaton was 22.04% during the last 3 years. At present, the current EBITDA margin for Eaton is 21.5%, 0.5 percentage points below its three-year average. The EBITDA margin for Eaton moved between 20.7% in Sep 2023 and 22.9% in Mar 2025.

ETN Net margin

The average net margin for Eaton was 14.53% over the last 3 years. Currently, the current net margin for Eaton is 12.8%, 1.7 percentage points below its three-year average. The net margin for Eaton moved between 12.8% in Jun 2026 and 15.6% in Mar 2025.

ETN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 35.9%, ETN stands above the Industrials sector and the industry average but below its peers average. Looking at its Industrials sector average of 32.7%, Eaton's gross margin is 10% higher.

ETN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Eaton's gross margin?

As of Jun 30, 2026, ETN has a gross margin of 35.9%.

What is Eaton's operating margin?

The current operating margin for ETN is 17.8% as of Jun 30, 2026.

What is Eaton's EBITDA margin?

The current EBITDA margin for ETN is 21.5% as of Jun 30, 2026.

What is Eaton's net margin?

As of Jun 30, 2026, ETN has a net margin of 12.8%.

What are the average margins of ETN?

Eaton's average margins over the last 3 years were 37.3% gross, 18.2% operating, 22.0% EBITDA, and 14.5% net.

What are the highest historical margins of ETN?

Across the 5-year period, ETN posted its highest margins at 38.4% gross in Mar 2025, 19.2% operating in Mar 2025, 22.9% EBITDA in Mar 2025, and 15.6% net in Mar 2025.

What are the lowest historical margins of ETN?

Eaton's lowest recorded margins during the past 5 years were 32.1% gross in Sep 2021, 12.5% operating in Sep 2021, 18.7% EBITDA in Sep 2022, and 10.6% net in Sep 2021.