Eaton Corporation PLC (ETN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,218,000 | 2,462,000 | 2,144,000 | 1,410,000 | 2,211,000 |
| Revenue | US$ in thousands | 23,107,000 | 20,562,000 | 20,114,000 | 18,008,000 | 21,230,000 |
| Net profit margin | 13.93% | 11.97% | 10.66% | 7.83% | 10.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,218,000K ÷ $23,107,000K
= 13.93%
The net profit margin of Eaton Corporation plc has shown a generally positive trend over the past five years. The margin has increased steadily from 10.34% in 2019 to 13.87% in 2023, indicating an improvement in the company's profitability. This upward trend suggests that Eaton has been effectively managing its costs and maximizing its revenue generation. The consistent growth in net profit margin is a positive sign for investors and indicates the company's ability to efficiently convert revenue into profits. Overall, the increasing net profit margin reflects Eaton Corporation plc's improving financial performance and operational efficiency over the years.
Peer comparison
Dec 31, 2023