Income Statement
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Paying user area
Try for free
Eaton Corp. plc pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Eaton Corp. plc for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Eaton Corp. plc, consolidated income statement
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The income statement reveals a consistent pattern of growth across key metrics from 2021 through 2025. Net sales demonstrate a steady increase, rising from US$19,628 million in 2021 to US$27,448 million in 2025. This growth in sales is accompanied by a corresponding increase in the cost of products sold, though not at the same rate, resulting in expanding gross profit margins.
- Revenue and Profitability
- Net sales increased at a compound annual growth rate (CAGR) of approximately 7.7% over the five-year period. Gross profit exhibited stronger growth, increasing from US$6,335 million to US$10,317 million, representing a CAGR of approximately 10.2%. This suggests improved efficiency in managing production costs or a shift towards higher-margin products. The gain on sale of businesses contributed significantly to results in 2021 and to a lesser extent in 2022, but this impact diminished in subsequent years.
- Operating Performance
- Operating income followed a similar upward trajectory, growing from US$3,080 million in 2021 to US$5,209 million in 2025. Selling and administrative expenses, as well as research and development expenses, also increased over the period, but at a slower pace than revenue, indicating operational leverage. The operating income margin improved from 15.7% in 2021 to 18.9% in 2025.
- Net Income and Expenses
- Net income attributable to Eaton ordinary shareholders increased from US$2,144 million in 2021 to US$4,087 million in 2025, a CAGR of approximately 13.7%. Interest expense remained relatively stable between 2021 and 2023, but increased notably in 2025. Other income (expense), net, fluctuated, with a positive contribution in 2022 and 2023, followed by a negative impact in 2025. Income tax expense increased in line with the growth in pre-tax income.
Overall, the financial performance demonstrates a positive trend of increasing revenue, profitability, and net income. While expenses are rising, they are being managed effectively relative to revenue growth. The increase in interest expense in 2025 warrants further investigation, as does the shift to a negative impact from other income (expense), net, in the same year.