Eaton Corporation PLC (ETN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,503,000 | 23,196,000 | 6,887,000 | 6,335,000 | 5,450,000 |
| Revenue | US$ in thousands | 24,878,000 | 23,196,000 | 20,752,000 | 19,628,000 | 17,858,000 |
| Gross profit margin | 38.20% | 100.00% | 33.19% | 32.28% | 30.52% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,503,000K ÷ $24,878,000K
= 38.20%
Eaton Corporation PLC's gross profit margin has shown an increasing trend over the years, reflecting improved efficiency in managing production costs and maximizing revenue from sales. The margin increased from 30.52% in December 2020 to 32.28% in December 2021, and then further to 33.19% in December 2022. The significant jump to 100.00% in December 2023 may be due to specific accounting adjustments or extraordinary events that need further investigation. Finally, the margin decreased slightly to 38.20% in December 2024, which is still a healthy level indicating the company's ability to generate profits after accounting for the cost of goods sold. Overall, the positive trajectory of Eaton Corporation PLC's gross profit margin suggests effective cost management and potentially improving operational efficiency during the period under review.
Peer comparison
Dec 31, 2024