Analysis of Reportable Segments
Eaton Corp. plc operates in 6 segments: Electrical Americas; Electrical Global; Hydraulics; Aerospace; Vehicle; and eMobility.
Segment Profit Margin
Eaton Corp. plc, profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 30.21% | 26.49% | 22.51% | 20.64% | 20.24% |
| Electrical Global | 18.39% | 19.33% | 19.39% | 18.75% | 15.95% |
| Hydraulics | — | — | — | 13.62% | 10.10% |
| Aerospace | 22.94% | 22.85% | 23.20% | 21.90% | 18.62% |
| Vehicle | 17.99% | 16.26% | 16.01% | 17.41% | 11.47% |
| eMobility | -1.06% | -3.30% | -1.67% | -8.45% | -2.74% |
Based on: 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), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Electrical Americas | Electrical Americas segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Electrical Global | Electrical Global segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Hydraulics | ||
| Aerospace | Aerospace segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Vehicle | Vehicle segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| eMobility | eMobility segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Profit Margin: Electrical Americas
Eaton Corp. plc; Electrical Americas; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 3,455) | 2,675) | 1,913) | 1,495) | 1,352) |
| Net sales | 11,436) | 10,098) | 8,497) | 7,242) | 6,680) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 30.21% | 26.49% | 22.51% | 20.64% | 20.24% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × 3,455 ÷ 11,436 = 30.21%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Electrical Americas | Electrical Americas segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Electrical Global
Eaton Corp. plc; Electrical Global; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 1,149) | 1,176) | 1,134) | 1,034) | 750) |
| Net sales | 6,248) | 6,084) | 5,848) | 5,516) | 4,703) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 18.39% | 19.33% | 19.39% | 18.75% | 15.95% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × 1,149 ÷ 6,248 = 18.39%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Electrical Global | Electrical Global segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Hydraulics
Eaton Corp. plc; Hydraulics; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | —) | —) | —) | 177) | 186) |
| Net sales | —) | —) | —) | 1,300) | 1,842) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | — | — | — | 13.62% | 10.10% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Hydraulics |
Segment Profit Margin: Aerospace
Eaton Corp. plc; Aerospace; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 859) | 780) | 705) | 580) | 414) |
| Net sales | 3,744) | 3,413) | 3,039) | 2,648) | 2,223) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 22.94% | 22.85% | 23.20% | 21.90% | 18.62% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × 859 ÷ 3,744 = 22.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Aerospace | Aerospace segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: Vehicle
Eaton Corp. plc; Vehicle; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 502) | 482) | 453) | 449) | 243) |
| Net sales | 2,790) | 2,965) | 2,830) | 2,579) | 2,118) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 17.99% | 16.26% | 16.01% | 17.41% | 11.47% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × 502 ÷ 2,790 = 17.99%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Vehicle | Vehicle segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: eMobility
Eaton Corp. plc; eMobility; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | (7) | (21) | (9) | (29) | (8) |
| Net sales | 662) | 636) | 538) | 343) | 292) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -1.06% | -3.30% | -1.67% | -8.45% | -2.74% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Segment operating profit (loss) ÷ Net sales
= 100 × -7 ÷ 662 = -1.06%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | eMobility | eMobility segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Return on Assets (Segment ROA)
Eaton Corp. plc, ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 70.04% | 64.26% | 52.34% | 49.80% | 57.95% |
| Electrical Global | 35.54% | 41.00% | 42.66% | 40.09% | 32.13% |
| Hydraulics | — | — | — | — | — |
| Aerospace | 35.91% | 34.27% | 37.92% | 33.55% | 30.37% |
| Vehicle | 25.26% | 21.41% | 20.31% | 22.62% | 12.46% |
| eMobility | -1.11% | -3.73% | -2.24% | -13.18% | -4.44% |
Based on: 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), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Electrical Americas | Electrical Americas segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
| Electrical Global | Electrical Global segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Hydraulics | ||
| Aerospace | Aerospace segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Vehicle | Vehicle segment ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| eMobility | eMobility segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment ROA: Electrical Americas
Eaton Corp. plc; Electrical Americas; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 3,455) | 2,675) | 1,913) | 1,495) | 1,352) |
| Identifiable assets | 4,933) | 4,163) | 3,655) | 3,002) | 2,333) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 70.04% | 64.26% | 52.34% | 49.80% | 57.95% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × 3,455 ÷ 4,933 = 70.04%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Electrical Americas | Electrical Americas segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Electrical Global
Eaton Corp. plc; Electrical Global; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 1,149) | 1,176) | 1,134) | 1,034) | 750) |
| Identifiable assets | 3,233) | 2,868) | 2,658) | 2,579) | 2,334) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 35.54% | 41.00% | 42.66% | 40.09% | 32.13% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × 1,149 ÷ 3,233 = 35.54%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Electrical Global | Electrical Global segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Hydraulics
Eaton Corp. plc; Hydraulics; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | —) | —) | —) | 177) | 186) |
| Identifiable assets | —) | —) | —) | —) | —) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Hydraulics |
Segment ROA: Aerospace
Eaton Corp. plc; Aerospace; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 859) | 780) | 705) | 580) | 414) |
| Identifiable assets | 2,392) | 2,276) | 1,859) | 1,729) | 1,363) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 35.91% | 34.27% | 37.92% | 33.55% | 30.37% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × 859 ÷ 2,392 = 35.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Aerospace | Aerospace segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment ROA: Vehicle
Eaton Corp. plc; Vehicle; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | 502) | 482) | 453) | 449) | 243) |
| Identifiable assets | 1,987) | 2,251) | 2,230) | 1,985) | 1,950) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 25.26% | 21.41% | 20.31% | 22.62% | 12.46% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × 502 ÷ 1,987 = 25.26%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Vehicle | Vehicle segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: eMobility
Eaton Corp. plc; eMobility; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment operating profit (loss) | (7) | (21) | (9) | (29) | (8) |
| Identifiable assets | 633) | 563) | 402) | 220) | 180) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -1.11% | -3.73% | -2.24% | -13.18% | -4.44% |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Segment operating profit (loss) ÷ Identifiable assets
= 100 × -7 ÷ 633 = -1.11%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | eMobility | eMobility segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Asset Turnover
Eaton Corp. plc, asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 2.32 | 2.43 | 2.32 | 2.41 | 2.86 |
| Electrical Global | 1.93 | 2.12 | 2.20 | 2.14 | 2.01 |
| Hydraulics | — | — | — | — | — |
| Aerospace | 1.57 | 1.50 | 1.63 | 1.53 | 1.63 |
| Vehicle | 1.40 | 1.32 | 1.27 | 1.30 | 1.09 |
| eMobility | 1.05 | 1.13 | 1.34 | 1.56 | 1.62 |
Based on: 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), 10-K (reporting date: 2020-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Electrical Americas | Electrical Americas segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Electrical Global | Electrical Global segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Hydraulics | ||
| Aerospace | Aerospace segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Vehicle | Vehicle segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| eMobility | eMobility segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Electrical Americas
Eaton Corp. plc; Electrical Americas; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 11,436) | 10,098) | 8,497) | 7,242) | 6,680) |
| Identifiable assets | 4,933) | 4,163) | 3,655) | 3,002) | 2,333) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.32 | 2.43 | 2.32 | 2.41 | 2.86 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 11,436 ÷ 4,933 = 2.32
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Electrical Americas | Electrical Americas segment asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Asset Turnover: Electrical Global
Eaton Corp. plc; Electrical Global; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 6,248) | 6,084) | 5,848) | 5,516) | 4,703) |
| Identifiable assets | 3,233) | 2,868) | 2,658) | 2,579) | 2,334) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.93 | 2.12 | 2.20 | 2.14 | 2.01 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 6,248 ÷ 3,233 = 1.93
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Electrical Global | Electrical Global segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Hydraulics
Eaton Corp. plc; Hydraulics; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | —) | —) | —) | 1,300) | 1,842) |
| Identifiable assets | —) | —) | —) | —) | —) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 0 ÷ 0 = —
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Hydraulics |
Segment Asset Turnover: Aerospace
Eaton Corp. plc; Aerospace; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 3,744) | 3,413) | 3,039) | 2,648) | 2,223) |
| Identifiable assets | 2,392) | 2,276) | 1,859) | 1,729) | 1,363) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.57 | 1.50 | 1.63 | 1.53 | 1.63 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 3,744 ÷ 2,392 = 1.57
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Aerospace | Aerospace segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: Vehicle
Eaton Corp. plc; Vehicle; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 2,790) | 2,965) | 2,830) | 2,579) | 2,118) |
| Identifiable assets | 1,987) | 2,251) | 2,230) | 1,985) | 1,950) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.40 | 1.32 | 1.27 | 1.30 | 1.09 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 2,790 ÷ 1,987 = 1.40
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Vehicle | Vehicle segment asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: eMobility
Eaton Corp. plc; eMobility; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 662) | 636) | 538) | 343) | 292) |
| Identifiable assets | 633) | 563) | 402) | 220) | 180) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.05 | 1.13 | 1.34 | 1.56 | 1.62 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 662 ÷ 633 = 1.05
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | eMobility | eMobility segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
Eaton Corp. plc, capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 3.07 | 2.86 | 1.79 | 1.71 | 0.94 |
| Electrical Global | 1.60 | 1.48 | 1.61 | 1.24 | 0.76 |
| Hydraulics | — | — | — | — | — |
| Aerospace | 1.19 | 1.41 | 1.44 | 1.13 | 1.11 |
| Vehicle | 0.99 | 1.04 | 1.07 | 1.18 | 0.79 |
| eMobility | 2.67 | 3.62 | 3.25 | 3.38 | 4.00 |
Based on: 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), 10-K (reporting date: 2020-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Electrical Americas | Electrical Americas segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Electrical Global | Electrical Global segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. | |
| Hydraulics | ||
| Aerospace | Aerospace segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Vehicle | Vehicle segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| eMobility | eMobility segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Electrical Americas
Eaton Corp. plc; Electrical Americas; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | 362) | 309) | 181) | 180) | 95) |
| Depreciation of property, plant and equipment | 118) | 108) | 101) | 105) | 101) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 3.07 | 2.86 | 1.79 | 1.71 | 0.94 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 362 ÷ 118 = 3.07
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Electrical Americas | Electrical Americas segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Electrical Global
Eaton Corp. plc; Electrical Global; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | 163) | 142) | 151) | 120) | 71) |
| Depreciation of property, plant and equipment | 102) | 96) | 94) | 97) | 94) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.60 | 1.48 | 1.61 | 1.24 | 0.76 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 163 ÷ 102 = 1.60
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Electrical Global | Electrical Global segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment Capital Expenditures to Depreciation: Hydraulics
Eaton Corp. plc; Hydraulics; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | —) | —) | —) | 34) | 41) |
| Depreciation of property, plant and equipment | —) | —) | —) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Hydraulics |
Segment Capital Expenditures to Depreciation: Aerospace
Eaton Corp. plc; Aerospace; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | 83) | 97) | 92) | 78) | 59) |
| Depreciation of property, plant and equipment | 70) | 69) | 64) | 69) | 53) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.19 | 1.41 | 1.44 | 1.13 | 1.11 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 83 ÷ 70 = 1.19
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Aerospace | Aerospace segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Vehicle
Eaton Corp. plc; Vehicle; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | 94) | 96) | 95) | 112) | 77) |
| Depreciation of property, plant and equipment | 95) | 92) | 89) | 95) | 98) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.99 | 1.04 | 1.07 | 1.18 | 0.79 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 94 ÷ 95 = 0.99
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Vehicle | Vehicle segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: eMobility
Eaton Corp. plc; eMobility; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures for property, plant and equipment | 64) | 76) | 52) | 27) | 24) |
| Depreciation of property, plant and equipment | 24) | 21) | 16) | 8) | 6) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.67 | 3.62 | 3.25 | 3.38 | 4.00 |
Based on: 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), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures for property, plant and equipment ÷ Depreciation of property, plant and equipment
= 64 ÷ 24 = 2.67
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | eMobility | eMobility segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Net sales
Eaton Corp. plc, net sales by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 11,436) | 10,098) | 8,497) | 7,242) | 6,680) |
| Electrical Global | 6,248) | 6,084) | 5,848) | 5,516) | 4,703) |
| Hydraulics | —) | —) | —) | 1,300) | 1,842) |
| Aerospace | 3,744) | 3,413) | 3,039) | 2,648) | 2,223) |
| Vehicle | 2,790) | 2,965) | 2,830) | 2,579) | 2,118) |
| eMobility | 662) | 636) | 538) | 343) | 292) |
| Total | 24,880) | 23,196) | 20,752) | 19,628) | 17,858) |
Based on: 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), 10-K (reporting date: 2020-12-31).
Segment operating profit (loss)
Eaton Corp. plc, segment operating profit (loss) by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 3,455) | 2,675) | 1,913) | 1,495) | 1,352) |
| Electrical Global | 1,149) | 1,176) | 1,134) | 1,034) | 750) |
| Hydraulics | —) | —) | —) | 177) | 186) |
| Aerospace | 859) | 780) | 705) | 580) | 414) |
| Vehicle | 502) | 482) | 453) | 449) | 243) |
| eMobility | (7) | (21) | (9) | (29) | (8) |
| Total | 5,958) | 5,092) | 4,196) | 3,706) | 2,937) |
Based on: 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), 10-K (reporting date: 2020-12-31).
Identifiable assets
Eaton Corp. plc, identifiable assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 4,933) | 4,163) | 3,655) | 3,002) | 2,333) |
| Electrical Global | 3,233) | 2,868) | 2,658) | 2,579) | 2,334) |
| Hydraulics | —) | —) | —) | —) | —) |
| Aerospace | 2,392) | 2,276) | 1,859) | 1,729) | 1,363) |
| Vehicle | 1,987) | 2,251) | 2,230) | 1,985) | 1,950) |
| eMobility | 633) | 563) | 402) | 220) | 180) |
| Total | 13,178) | 12,121) | 10,804) | 9,515) | 8,160) |
Based on: 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), 10-K (reporting date: 2020-12-31).
Capital expenditures for property, plant and equipment
Eaton Corp. plc, capital expenditures for property, plant and equipment by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 362) | 309) | 181) | 180) | 95) |
| Electrical Global | 163) | 142) | 151) | 120) | 71) |
| Hydraulics | —) | —) | —) | 34) | 41) |
| Aerospace | 83) | 97) | 92) | 78) | 59) |
| Vehicle | 94) | 96) | 95) | 112) | 77) |
| eMobility | 64) | 76) | 52) | 27) | 24) |
| Total | 766) | 720) | 571) | 551) | 367) |
Based on: 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), 10-K (reporting date: 2020-12-31).
Depreciation of property, plant and equipment
Eaton Corp. plc, depreciation of property, plant and equipment by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Electrical Americas | 118) | 108) | 101) | 105) | 101) |
| Electrical Global | 102) | 96) | 94) | 97) | 94) |
| Hydraulics | —) | —) | —) | —) | —) |
| Aerospace | 70) | 69) | 64) | 69) | 53) |
| Vehicle | 95) | 92) | 89) | 95) | 98) |
| eMobility | 24) | 21) | 16) | 8) | 6) |
| Total | 409) | 386) | 364) | 374) | 352) |
Based on: 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), 10-K (reporting date: 2020-12-31).