TTM
18.1%
YoY change
−0.51pp
Trough year (1991)
4.0%
Peak year (2024)
19.6%
Latest annual
19.1%
Operating Margin history chart for Eaton Corporation (ETN) from 1985 to 2025
Latest: 19.1%
Operating Margin change chart for Eaton Corporation (ETN) from 1985 to 2025
Latest: −0.51pp
Operating Margin history table for Eaton Corporation (ETN) from 1985 to 2025
| 2025 | 19.1% | -0.51pp | ||
| 2024 | 19.6% | +2.34pp | ||
| 2023 | 17.2% | +1.61pp | ||
| 2022 | 15.6% | +1.00pp | ||
| 2021 | 14.6% | +1.62pp | ||
| 2020 | 13.0% | -1.31pp | ||
| 2019 | 14.3% | +0.51pp | ||
| 2018 | 13.8% | +0.69pp | ||
| 2017 | 13.1% | +0.62pp | ||
| 2016 | 12.5% | +0.50pp | ||
| 2015 | 12.0% | +0.48pp | ||
| 2014 | 11.5% | +1.04pp | ||
| 2013 | 10.5% | -0.31pp | ||
| 2012 | 10.8% | +0.52pp | ||
| 2011 | 10.3% | +1.48pp | ||
| 2010 | 8.8% | +4.17pp | ||
| 2009 | 4.6% | -4.22pp | ||
| 2008 | 8.8% | -0.70pp | ||
| 2007 | 9.5% | -0.16pp | ||
| 2006 | 9.7% | +0.21pp | ||
| 2005 | 9.5% | +0.03pp | ||
| 2004 | 9.5% | +2.13pp | ||
| 2003 | 7.3% | +0.15pp | ||
| 2002 | 7.2% | +2.40pp | ||
| 2001 | 4.8% | -3.04pp | ||
| 2000 | 7.8% | -0.87pp | ||
| 1999 | 8.7% | +1.40pp | ||
| 1998 | 7.3% | -1.98pp | ||
| 1997 | 9.3% | +1.58pp | ||
| 1996 | 7.7% | -1.71pp | ||
| 1995 | 9.4% | +0.13pp | ||
| 1994 | 9.3% | +2.05pp | ||
| 1993 | 7.2% | +1.28pp | ||
| 1992 | 5.9% | +1.93pp | ||
| 1991 | 4.0% | -4.06pp | ||
| 1990 | 8.1% | -2.17pp | ||
| 1989 | 10.2% | -1.32pp | ||
| 1988 | 11.5% | -0.43pp | ||
| 1987 | 12.0% | +3.86pp | ||
| 1986 | 8.1% | -1.83pp | ||
| 1985 | 9.9% | — |
- 202519.1%-0.51pp
- 202419.6%+2.34pp
- 202317.2%+1.61pp
- 202215.6%+1.00pp
- 202114.6%+1.62pp
- 202013.0%-1.31pp
- 201914.3%+0.51pp
- 201813.8%+0.69pp
- 201713.1%+0.62pp
- 201612.5%+0.50pp
- 201512.0%+0.48pp
- 201411.5%+1.04pp
- 201310.5%-0.31pp
- 201210.8%+0.52pp
- 201110.3%+1.48pp
- 20108.8%+4.17pp
- 20094.6%-4.22pp
- 20088.8%-0.70pp
- 20079.5%-0.16pp
- 20069.7%+0.21pp
- 20059.5%+0.03pp
- 20049.5%+2.13pp
- 20037.3%+0.15pp
- 20027.2%+2.40pp
- 20014.8%-3.04pp
- 20007.8%-0.87pp
- 19998.7%+1.40pp
- 19987.3%-1.98pp
- 19979.3%+1.58pp
- 19967.7%-1.71pp
- 19959.4%+0.13pp
- 19949.3%+2.05pp
- 19937.2%+1.28pp
- 19925.9%+1.93pp
- 19914.0%-4.06pp
- 19908.1%-2.17pp
- 198910.2%-1.32pp
- 198811.5%-0.43pp
- 198712.0%+3.86pp
- 19868.1%-1.83pp
- 19859.9%—
Operating Margin values are taken from Eaton Corporation's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Eaton Corporation (ETN)
According to Eaton Corporation's latest reported financial statements, the company's latest reported operating margin is 18.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Eaton Corporation (ETN) operating margin is 19.05% – contracted 0.5 percentage points year-over-year.
Across the available history, operating margin reached its high of 19.56% in 2024 and its low of 3.99% in 1991.
Eaton Corporation Operating Margin by Year
Eaton Corporation Operating Margin 2025: 19.1%
Eaton Corporation posted operating margin of 19.05% in 2025, contracted 0.5 percentage points from 2024.
Eaton Corporation Operating Margin 2024: 19.6%
In 2024, Eaton Corporation reported operating margin of 19.56%, expanded 2.3 percentage points from 2023. This figure represents the highest annual value in the available history.
Eaton Corporation Operating Margin 2023: 17.2%
Eaton Corporation operating margin in 2023 was 17.22%, expanded 1.6 percentage points from 2022.
Eaton Corporation Operating Margin 2022: 15.6%
2022's operating margin for Eaton Corporation came in at 15.62%, expanded 1.0 percentage points from 2021.
Eaton Corporation Operating Margin 2021: 14.6%
Eaton Corporation operating margin in 2021 was 14.62%.
See more financial history for Eaton Corporation (ETN).
Sector peers by Operating Margin
Industrials peers of Eaton Corporation (ETN), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| 9.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
Frequently asked questions
Eaton Corporation (ETN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation