Eaton Corporation PLC (ETN)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,344,000 | 3,162,000 | 2,790,000 | 2,529,000 | 2,487,000 | 1,829,000 | 2,388,000 | 2,564,000 | 2,428,000 | 2,590,000 | 2,063,000 | 1,364,000 | 1,421,000 | 2,769,000 | 2,820,000 | 3,542,000 | 3,657,000 | 3,335,000 | 3,693,000 | 9,176,000 |
| Revenue (ttm) | US$ in thousands | 23,106,000 | 22,505,000 | 21,868,000 | 21,178,000 | 20,562,000 | 19,970,000 | 20,218,000 | 20,349,000 | 20,114,000 | 20,118,000 | 19,180,000 | 17,774,000 | 18,008,000 | 18,475,000 | 19,163,000 | 20,776,000 | 21,229,000 | 21,373,000 | 21,496,000 | 26,924,000 |
| Operating profit margin | 14.47% | 14.05% | 12.76% | 11.94% | 12.10% | 9.16% | 11.81% | 12.60% | 12.07% | 12.87% | 10.76% | 7.67% | 7.89% | 14.99% | 14.72% | 17.05% | 17.23% | 15.60% | 17.18% | 34.08% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,344,000K ÷ $23,106,000K
= 14.47%
The operating profit margin of Eaton Corporation plc has shown a consistent upward trend over the past eight quarters. The margin has been increasing gradually from 12.73% in Q1 2022 to 16.75% in Q4 2023. This indicates an improvement in the company's ability to generate profits from its core operations over time. The steady growth in operating profit margin reflects the efficiency of Eaton Corporation in managing its costs and maximizing revenue. It suggests that the company has been successful in controlling expenses and increasing sales, leading to higher profitability. Overall, the consistent increase in the operating profit margin is a positive indicator of Eaton Corporation's operational performance and financial health.
Peer comparison
Dec 31, 2023
See also:
Eaton Corporation PLC Operating Profit Margin (Quarterly Data)