diff --git a/esphome/components/ethernet/__init__.py b/esphome/components/ethernet/__init__.py
index a0f8b557b0..f6ca376681 100644
--- a/esphome/components/ethernet/__init__.py
+++ b/esphome/components/ethernet/__init__.py
@@ -36,12 +36,25 @@ ETHERNET_TYPES = {
     "JL1101": EthernetType.ETHERNET_TYPE_JL1101,
 }
 
+emac_rmii_clock_mode_t = cg.global_ns.enum("emac_rmii_clock_mode_t")
 emac_rmii_clock_gpio_t = cg.global_ns.enum("emac_rmii_clock_gpio_t")
 CLK_MODES = {
-    "GPIO0_IN": emac_rmii_clock_gpio_t.EMAC_CLK_IN_GPIO,
-    "GPIO0_OUT": emac_rmii_clock_gpio_t.EMAC_APPL_CLK_OUT_GPIO,
-    "GPIO16_OUT": emac_rmii_clock_gpio_t.EMAC_CLK_OUT_GPIO,
-    "GPIO17_OUT": emac_rmii_clock_gpio_t.EMAC_CLK_OUT_180_GPIO,
+    "GPIO0_IN": (
+        emac_rmii_clock_mode_t.EMAC_CLK_EXT_IN,
+        emac_rmii_clock_gpio_t.EMAC_CLK_IN_GPIO,
+    ),
+    "GPIO0_OUT": (
+        emac_rmii_clock_mode_t.EMAC_CLK_OUT,
+        emac_rmii_clock_gpio_t.EMAC_APPL_CLK_OUT_GPIO,
+    ),
+    "GPIO16_OUT": (
+        emac_rmii_clock_mode_t.EMAC_CLK_OUT,
+        emac_rmii_clock_gpio_t.EMAC_CLK_OUT_GPIO,
+    ),
+    "GPIO17_OUT": (
+        emac_rmii_clock_mode_t.EMAC_CLK_OUT,
+        emac_rmii_clock_gpio_t.EMAC_CLK_OUT_180_GPIO,
+    ),
 }
 
 
@@ -114,7 +127,7 @@ async def to_code(config):
     cg.add(var.set_mdc_pin(config[CONF_MDC_PIN]))
     cg.add(var.set_mdio_pin(config[CONF_MDIO_PIN]))
     cg.add(var.set_type(config[CONF_TYPE]))
-    cg.add(var.set_clk_mode(CLK_MODES[config[CONF_CLK_MODE]]))
+    cg.add(var.set_clk_mode(*CLK_MODES[config[CONF_CLK_MODE]]))
     cg.add(var.set_use_address(config[CONF_USE_ADDRESS]))
 
     if CONF_POWER_PIN in config:
diff --git a/esphome/components/ethernet/ethernet_component.cpp b/esphome/components/ethernet/ethernet_component.cpp
index 9152b33a14..7120223cc9 100644
--- a/esphome/components/ethernet/ethernet_component.cpp
+++ b/esphome/components/ethernet/ethernet_component.cpp
@@ -47,8 +47,8 @@ void EthernetComponent::setup() {
 
   mac_config.smi_mdc_gpio_num = this->mdc_pin_;
   mac_config.smi_mdio_gpio_num = this->mdio_pin_;
-  mac_config.clock_config.rmii.clock_mode = this->clk_mode_ == EMAC_CLK_IN_GPIO ? EMAC_CLK_EXT_IN : EMAC_CLK_OUT;
-  mac_config.clock_config.rmii.clock_gpio = this->clk_mode_;
+  mac_config.clock_config.rmii.clock_mode = this->clk_mode_;
+  mac_config.clock_config.rmii.clock_gpio = this->clk_gpio_;
 
   esp_eth_mac_t *mac = esp_eth_mac_new_esp32(&mac_config);
 
@@ -315,7 +315,10 @@ void EthernetComponent::set_power_pin(int power_pin) { this->power_pin_ = power_
 void EthernetComponent::set_mdc_pin(uint8_t mdc_pin) { this->mdc_pin_ = mdc_pin; }
 void EthernetComponent::set_mdio_pin(uint8_t mdio_pin) { this->mdio_pin_ = mdio_pin; }
 void EthernetComponent::set_type(EthernetType type) { this->type_ = type; }
-void EthernetComponent::set_clk_mode(emac_rmii_clock_gpio_t clk_mode) { this->clk_mode_ = clk_mode; }
+void EthernetComponent::set_clk_mode(emac_rmii_clock_mode_t clk_mode, emac_rmii_clock_gpio_t clk_gpio) {
+  this->clk_mode_ = clk_mode;
+  this->clk_gpio_ = clk_gpio;
+}
 void EthernetComponent::set_manual_ip(const ManualIP &manual_ip) { this->manual_ip_ = manual_ip; }
 
 std::string EthernetComponent::get_use_address() const {
diff --git a/esphome/components/ethernet/ethernet_component.h b/esphome/components/ethernet/ethernet_component.h
index a538a5c77d..872ed17044 100644
--- a/esphome/components/ethernet/ethernet_component.h
+++ b/esphome/components/ethernet/ethernet_component.h
@@ -50,7 +50,7 @@ class EthernetComponent : public Component {
   void set_mdc_pin(uint8_t mdc_pin);
   void set_mdio_pin(uint8_t mdio_pin);
   void set_type(EthernetType type);
-  void set_clk_mode(emac_rmii_clock_gpio_t clk_mode);
+  void set_clk_mode(emac_rmii_clock_mode_t clk_mode, emac_rmii_clock_gpio_t clk_gpio);
   void set_manual_ip(const ManualIP &manual_ip);
 
   network::IPAddress get_ip_address();
@@ -70,7 +70,8 @@ class EthernetComponent : public Component {
   uint8_t mdc_pin_{23};
   uint8_t mdio_pin_{18};
   EthernetType type_{ETHERNET_TYPE_LAN8720};
-  emac_rmii_clock_gpio_t clk_mode_{EMAC_CLK_IN_GPIO};
+  emac_rmii_clock_mode_t clk_mode_{EMAC_CLK_EXT_IN};
+  emac_rmii_clock_gpio_t clk_gpio_{EMAC_CLK_IN_GPIO};
   optional<ManualIP> manual_ip_{};
 
   bool started_{false};