| Stage | ETN | % of rev | ALSN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.9B | 100.00% | $1.5B | 100.00% | ETN ×5.83 |
| Gross profit | $3.1B | 34.70% | $505M | 32.92% | ETN +1.8pp |
| Operating income | $1.6B | 17.76% | $304M | 19.82% | ALSN +2.1pp |
| Pre-tax income | $1.4B | 15.31% | $238M | 15.51% | ALSN +0.2pp |
| Net income | $1.1B | 12.06% | $191M | 12.45% | ALSN +0.4pp |
| Stage | ETN | ALSN | Gap · A − B |
|---|---|---|---|
| Revenue | $8.9B100.00% | $1.5B100.00% | ETN ×5.83 |
| Gross profit | 34.70%$3.1B | 32.92%$505M | ETN +1.8pp |
| Operating income | 17.76%$1.6B | 19.82%$304M | ALSN +2.1pp |
| Pre-tax income | 15.31%$1.4B | 15.51%$238M | ALSN +0.2pp |
| Net income | 12.06%$1.1B | 12.45%$191M | ALSN +0.4pp |
ETN · PCAR 10-KFeb 19 '25
“The Company purchased a significant portion of its transmissions from Eaton Corporation Plc. (Eaton) and ZF Friedrichshafen AG (ZF).”
ALSN 10-KFeb 24 '26
“Our top three customers, Daimler AG, PACCAR Inc. and Traton SE, accounted for approximately 18%, 11% and 10%, respectively, of our net sales during 2025.”