How does Eaton Corporation (ETN) make money?

Eaton Corporation (ETN) generates revenue primarily from Electrical Americas Segment, which accounted for 48.9% of total revenue in TTM through Q1 2026. The company reported $28.52B in revenue and converted 14% of it into net profit, equivalent to roughly $3.99B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Eaton Corporation (ETN)?

Eaton Corporation (ETN) reported a gross profit margin of 36.9% in TTM through Q1 2026, equivalent to $10.52B in gross profit on $28.52B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Eaton Corporation (ETN)?

Eaton Corporation (ETN) reported an operating profit margin of 18.1% in TTM through Q1 2026, equivalent to $5.17B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Eaton Corporation (ETN)?

Eaton Corporation (ETN) reported a net profit margin of 14% in TTM through Q1 2026, equivalent to $3.99B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Eaton Corporation (ETN) profitable?

Yes. Eaton Corporation (ETN) reported $3.99B in net income for TTM through Q1 2026, with a net profit margin of 14%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Eaton Corporation (ETN) invest in research and development?

Eaton Corporation (ETN) invested $809.00M in research and development during TTM through Q1 2026, roughly 2.8% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Eaton Corporation (ETN) spend on capital expenditures?

Eaton Corporation (ETN) spent $46.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Eaton Corporation (ETN) generate?

Eaton Corporation (ETN) generated $4.70B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 16.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Eaton Corporation (ETN)?

Eaton Corporation (ETN) had an effective tax rate of 18% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Eaton Corporation (ETN)?

Eaton Corporation (ETN) reports revenue across 6 reportable product segments, led by Electrical Americas Segment at 48.9% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Eaton Corporation Makes Money: 2026 Visual Revenue Map

Eaton Corporation (ETN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

Eaton Corporation discloses geographic revenue only in annual filings. to view the full breakdown.

Eaton Corporation (ETN) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Eaton Corporation (ETN) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Electrical Americas Segment	$13.94B	48.9%
Electrical Global Segment	$7.19B	25.2%
Aerospace	$4.43B	15.5%
Vehicle	$1.90B	6.7%
Mobility Segment	$617.09M	2.2%
eMobility Segment	$454.28M	1.6%
Total	$28.52B	100%

Electrical Americas Segment$13.94B
Electrical Global Segment$7.19B
Aerospace$4.43B
Vehicle$1.90B
Mobility Segment$617.09M
eMobility Segment$454.28M
Total$28.52B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Eaton Corporation (ETN) reports revenue across 6 operating segments; the largest segment was Electrical Americas Segment at 48.9%, followed by Electrical Global Segment (25.2%) and Aerospace (15.5%).

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Eaton Corporation (ETN) Key Financials

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