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How Eaton (ETN) makes money
Eaton (ETN) made $8.9B of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Electrical Americas brought in $4.2B (47%); Electrical Global brought in $2.7B (30%); Aerospace brought in $1.2B (13%). Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electrical Americas | $4.2B | 46.6% | +6% | +22% |
| Electrical Global | $2.7B | 30.5% | +8% | +58% |
| Aerospace | $1.2B | 13.4% | -2% | +11% |
| Mobility | $852M | 9.5% | +1% | +10% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $8.9B | 100.0% |
| Operating profit | $1.4B | 15.3% |
| Income tax | $291M | 3.3% |
| Net earnings | $1.1B | 12.1% |
| Operating cash flow | $1.3B | 14.6% |
| Free cash flow | $1.0B | 11.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $8.9B | +28% |
| Q2 2026 | $8.5B | +21% |
| Q1 2026 | $7.5B | +17% |
| Q4 2025 | $7.1B | +13% |
| Q3 2025 | $7.0B | +10% |
| Q2 2025 | $7.0B | +11% |
| Q1 2025 | $6.4B | +7% |
From Eaton's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Eaton make money?
Eaton (ETN) made $8.9B of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Electrical Americas brought in $4.2B (47%); Electrical Global brought in $2.7B (30%); Aerospace brought in $1.2B (13%). Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.
What is Eaton's biggest business?
Electrical Americas: $4.2B in the third quarter 2026, 47% of revenue, +22% from a year earlier.
What is Eaton's profit margin?
Net earnings were $1.1B, 12.1% of revenue, in the third quarter 2026; the operating margin was 15.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.