Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

$24.99

Common-Size Income Statement

Eaton Corp. plc, common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net sales
Cost of products sold
Gross profit
Selling and administrative expense
Research and development expense
Gain on sale of businesses
Operating income
Interest expense, net
Other income (expense), net
Income before income taxes
Income tax expense
Net income
Net income for noncontrolling interests
Net income attributable to Eaton ordinary shareholders

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Eaton Corp. plc operating income as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Eaton Corp. plc income before income taxes as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income attributable to Eaton ordinary shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Eaton Corp. plc net income attributable to Eaton ordinary shareholders as a percentage of net sales increased from 2021 to 2022 and from 2022 to 2023.