Eaton Corporation PLC (ETN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,502,000 | 9,415,000 | 9,165,000 | 8,875,000 | 8,541,000 | 8,036,000 | 7,608,000 | 7,196,000 | 6,886,000 | 6,621,000 | 6,438,000 | 6,401,000 | 6,335,000 | 6,272,000 | 6,162,000 | 5,471,000 | 5,450,000 | 5,623,000 | 5,950,000 | 6,807,000 |
| Revenue (ttm) | US$ in thousands | 24,878,000 | 24,605,000 | 24,140,000 | 23,656,000 | 23,196,000 | 22,613,000 | 22,046,000 | 21,392,000 | 20,752,000 | 20,166,000 | 19,776,000 | 19,779,000 | 19,628,000 | 19,517,000 | 19,120,000 | 17,761,000 | 17,858,000 | 18,409,000 | 19,197,000 | 20,874,000 |
| Gross profit margin | 38.19% | 38.26% | 37.97% | 37.52% | 36.82% | 35.54% | 34.51% | 33.64% | 33.18% | 32.83% | 32.55% | 32.36% | 32.28% | 32.14% | 32.23% | 30.80% | 30.52% | 30.54% | 30.99% | 32.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,502,000K ÷ $24,878,000K
= 38.19%
Eaton Corporation PLC's gross profit margin has shown a fluctuating trend over the reporting periods provided. Starting at 32.61% on March 31, 2020, the margin dipped to 30.52% by December 31, 2020, before gradually improving. From March 31, 2021, to March 31, 2024, the gross profit margin steadily increased from 30.80% to 37.52%.
Noteworthy is the significant jump in gross profit margin between September 30, 2023 (35.54%) and December 31, 2023 (36.82%), indicating a notable improvement in the company's profitability. The margin continued to rise, reaching its highest point of 38.26% on September 30, 2024, then slightly dipping to 38.19% by December 31, 2024.
Overall, Eaton Corporation PLC's gross profit margin has generally shown an upward trajectory in recent reporting periods, reaching relatively healthy levels by the end of December 2024. This trend suggests improving efficiency in managing production costs and generating revenue.
Peer comparison
Dec 31, 2024