Eaton Corporation income statement

In fiscal 2025, Eaton Corporation reported revenue of $27.45bn, up 10.3% on the year before and net income of $4.09bn, or $10.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Eaton Corporation: income statement, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	13.7	16.0	16.3	22.0	22.6	20.9	19.7	20.4	21.6	21.4	17.9	19.6	20.8	23.2	24.9	27.4	32.0
Cost of revenue	9.6	11.3	11.4	15.4	15.6	14.3	13.4	13.8	14.5	14.3	12.4	13.3	13.9	14.8	15.4	17.1	20.8
Gross profit	4.1	4.8	4.9	6.7	6.9	6.6	6.4	6.6	7.1	7.1	5.5	6.3	6.9	8.4	9.5	10.3	11.2
Research and development	0.4	0.4	0.4	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.7	0.8	0.8	0.8	0.9
Selling, general and administrative	2.5	2.7	2.9	3.9	3.8	3.6	3.5	3.5	3.5	3.6	3.1	3.3	3.2	3.8	4.1	4.3	4.8
Operating income	1.7	2.3	2.2	3.2	3.3	3.1	3.0	3.2	3.6	3.7	—	—	—	—	—	—	—
Interest expense	0.2	0.2	0.3	—	—	—	—	—	—	0.2	0.1	0.1	—	0.2	0.1	0.2	0.6
Net interest income	−0.1	−0.1	−0.2	−0.3	−0.2	−0.2	−0.2	−0.2	−0.3	−0.2	−0.1	−0.1	−0.1	−0.2	—	—	—
Income before tax	1.0	1.6	1.3	1.9	1.8	2.1	2.1	3.4	2.4	2.6	1.7	2.9	2.9	3.8	4.6	4.9	4.9
Income tax	0.1	0.2	0.0	0.0	−0.0	0.2	0.2	0.4	0.3	0.4	0.3	0.8	0.4	0.6	0.8	0.8	1.0
Net income	0.9	1.4	1.2	1.9	1.8	2.0	1.9	3.0	2.1	2.2	1.4	2.1	2.5	3.2	3.8	4.1	3.9
Diluted EPS	$2.73	$3.93	$3.46	$3.90	$3.76	$4.22	$4.20	$6.68	$4.91	$5.25	$3.49	$5.34	$6.14	$8.02	$9.50	$10.45	$10.01
Diluted shares (average)	340m	343m	351m	477m	477m	467m	457m	447m	437m	421m	404m	402m	401m	401m	399m	391m	390m
EBITDA	2.3	2.8	2.8	4.2	4.3	4.1	3.9	4.1	4.5	4.6	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Eaton Corporation: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	6,240	6,377	7,028	6,988	7,055	7,451	8,531	8,947
Cost of revenue	3,811	3,930	4,431	4,313	4,457	4,799	5,676	5,842
Gross profit	2,429	2,447	2,597	2,675	2,598	2,652	2,855	3,105
Research and development	201	198	192	203	203	211	227	238
Selling, general and administrative	1,003	1,048	1,149	1,105	1,009	1,269	1,236	1,278
Interest expense	42	33	71	67	70	106	201	198
Income before tax	1,167	1,177	1,186	1,275	1,295	1,107	1,144	1,370
Income tax	195	212	203	264	161	240	321	291
Net income	971	964	982	1,010	1,132	866	821	1,078
Diluted EPS	$2.45	$2.45	$2.51	$2.59	$2.91	$2.22	$2.11	$2.77

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: EMR vs ETN ETN vs VRT ETN vs ROK

More: Electrical Components & Equipment stocks compared, Industrials sector, rankings of US companies

Figures from Eaton Corporation's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Eaton Corporation.