Eaton Corporation PLC (ETN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,345,000 | 6,697,000 | 6,821,000 | 5,600,000 | 6,892,000 |
| Revenue | US$ in thousands | 23,107,000 | 20,562,000 | 20,114,000 | 18,008,000 | 21,230,000 |
| Gross profit margin | 36.11% | 32.57% | 33.91% | 31.10% | 32.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,345,000K ÷ $23,107,000K
= 36.11%
The gross profit margin of Eaton Corporation plc has shown a positive trend over the past five years, increasing from 32.97% in 2019 to 36.36% in 2023. This indicates an improvement in the company's ability to generate profits from its core business operations. The steady growth in gross profit margin suggests effective cost management strategies and pricing policies implemented by the company. The consistent rise in gross profit margin is generally viewed positively by investors and stakeholders as it reflects the company's efficiency in controlling production costs and maintaining profitability.
Peer comparison
Dec 31, 2023