Eaton Corp plc (ETN) closed fiscal year 2025 with a gross margin of 37.6 % and a net margin of 14.9 %.
Eaton Corp plc (ETN) closed fiscal year 2025 with a gross margin of 37.6 % and a net margin of 14.9 %. The same year shows an EBITDA margin of 22.5 % and an EBIT margin of 18.8 %. The free cash flow margin was 12.9 %. Against the previous year the gross margin moved −0.6 pp and the net margin −0.4 pp. Across the period the gross margin ranges between 29.8 % in 2010 and 38.2 % in 2024. The series covers 16 fiscal years, from 2010 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 29.76 % | — | — | — | — | — | 32.16 % | 32.58 % | 32.85 % | 32.97 % | 30.52 % | 32.28 % | 33.19 % | 36.36 % | 38.20 % | 37.59 % |
| EBITDA margin (%) | 16.41 % | — | — | — | — | — | 19.68 % | 20.23 % | 20.98 % | 21.31 % | — | — | 19.32 % | 21.14 % | 22.58 % | 22.51 % |
| EBIT margin (%) | 12.40 % | — | — | — | — | — | 14.98 % | 15.75 % | 16.80 % | 17.18 % | — | — | 14.72 % | 17.15 % | 18.88 % | 18.85 % |
| Net margin (%) | 6.77 % | — | — | — | — | — | 9.70 % | 14.63 % | 9.93 % | 10.34 % | 7.90 % | 10.92 % | 11.86 % | 13.87 % | 15.25 % | 14.89 % |
| FCF margin (%) | 6.47 % | — | — | — | — | — | 10.50 % | 10.52 % | 9.69 % | 13.39 % | 14.31 % | 8.09 % | 9.32 % | 12.36 % | 14.15 % | 12.94 % |
