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Eaton Corp. plc (ETN)

Eaton calls itself an intelligent power management company, making products for the data centre, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. It was founded in 1911 and serves customers in 180 countries. For the year ended 31 December 2025 it reported five segments: Electrical Americas, Electrical Global, Aerospace, Vehicle and eMobility. During the first quarter of 2026 it re-segmented the business, folding the legacy Vehicle and eMobility segments into a single Mobility segment, and it states that financial information on that new segment will follow in the quarterly report for the period ended 31 March 2026.

Eaton Corp. plc

Eaton calls itself an intelligent power management company, making products for the data centre, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. It was founded in 1911 and serves customers in 180 countries. For the year ended 31 December 2025 it reported five segments: Electrical Americas, Electrical Global, Aerospace, Vehicle and eMobility. During the first quarter of 2026 it re-segmented the business, folding the legacy Vehicle and eMobility segments into a single Mobility segment, and it states that financial information on that new segment will follow in the quarterly report for the period ended 31 March 2026.

The electrical business

The electrical sector covers power management from the grid to homes, buildings, data centres and industrial sites, and the company states that it is strengthening its participation across the whole electrical power value chain while the data centre and utility end markets carry momentum. It competes in these two segments on the performance of products and systems, on technology, on customer service and support, and on price, and describes its position in many of these products as among the market leaders. In a normal economic cycle, sales here are historically lower in the first quarter and higher in the third and fourth. In 2025, 22% of the sales of these two segments went to six large customers of electrical products, systems and services.

Aerospace

The segment sells aerospace technologies for commercial, military and space customers, aimed at aircraft efficiency, safety and performance, and the company positions itself for more electric and sustainable aviation platforms. Competition here runs on total cost of ownership, product and system performance, quality, design engineering capability and timely delivery, and the company again describes itself as among the market leaders across many products and platforms. In 2025, 20% of the segment's sales went to three large original equipment manufacturers of aircraft. The January 2026 purchase of Ultra PCS is described as expanding and integrating the company's offerings in next-generation aerospace.

Vehicle and eMobility

Vehicle supplies technologies for the automotive, commercial vehicle, aftermarket and off-road markets, with the company stating that it is enabling the transition to electrified vehicles while continuing to supply internal combustion engine products. Competition in both Vehicle and eMobility runs on product performance, technology, global service and price. In 2025, 37% of Vehicle sales went to four large original equipment manufacturers of vehicles and related components, and 18% of eMobility sales went to a single such manufacturer. On 26 January 2026 the company announced its intention to pursue a spin-off of the Mobility business, made up of these two operating segments, into an independent publicly traded company.

What it has bought

During 2025 the company acquired Fibrebond Corporation and Resilient Power Systems, and announced an agreement to acquire Boyd Thermal; it closed the purchase of Ultra PCS on 23 January 2026. It states that Resilient strengthens its power distribution range and accelerates the commercialisation of solid-state transformer technology for data centres and energy storage, and that Fibrebond expands its presence in modular products for multi-tenant and hyperscale data centre customers. Boyd Thermal is described as adding liquid cooling technology so the company can serve hyperscale and colocation customers from the chip to the grid. Earlier additions listed in the portfolio table include Jiangsu Ryan Electrical in April 2023, Exertherm in May 2024 and NordicEPOD in May 2024.

Inputs, patents and people

Major raw material requirements are iron, steel, copper, nickel, aluminium, lead, silver, gold, titanium, rubber, plastic, electronic components, chemicals and fluids, bought in forms such as coils, sheets, strips, ingots, bars, extrusions, castings, forgings, stampings, powder metal, plastic resins and pellets, from many suppliers. Under normal circumstances the company has no difficulty obtaining them, and it continues to invest in supply chain resiliency alongside its partners. Products may be made, marketed and sold using a portfolio of patents, trademarks, licences and other intellectual property, some of which expires in future years, and the company states that, given the breadth of its product lines, losing any single such right would not by itself have a material effect. It employs approximately 97,000 people worldwide.

From Eaton's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Eaton became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 3 November 2026
Revenue
$8.9 billion
+28.0% on the year · +4.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.1 billion
+6.7% on the year · +31.3% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.77
+6.9% on the year · +31.3% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 31 December 2025 · 10-K filed 26 February 2026
Revenue
$27.4 billion
+10.3% on the year
FY2018FY2025
Net income
$4.1 billion
+7.7% on the year
FY2018FY2025
Diluted EPS
$10.45
+10.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsEaton (ETN) reported revenue of $27.4 billion for fiscal 2025, the year ended 31 December 2025, up 10.3% on the year before. Net income was $4.1 billion and diluted earnings per share $10.45. Revenue was $24.9 billion in fiscal 2024, $23.2 billion in fiscal 2023, $20.8 billion in fiscal 2022 and $19.6 billion in fiscal 2021. Net income in the same years was $3.8 billion, $3.2 billion, $2.5 billion and $2.1 billion. Over the twelve months to 30 September 2026, Eaton reported revenue of $32.0 billion and net income of $3.9 billion. Revenue grew 9.0% a year, compounded, over the five years to fiscal 2025. Eaton declared $4.34 a share in dividends over the last four quarters and had 388 million shares outstanding at the latest filed count. At 30 September 2026 it carried $20.1 billion of debt and $528 million of cash. At the close of 6 November 2026 the market cap of Eaton was $132.8 billion, 34.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE18.6%
ROCEn/a
Operating marginn/a
Net margin12.2%
FCF margin11.9%
Interest covern/a
Debt to equity0.96x
Cash conversion1.26x
Share count, last 12 months0.0%
Sales CAGR, 3 years9.8%
Profit CAGR, 3 years18.4%
EPS, TTM$10.01

At the close of 6 November 2026

Price$341.77
Market cap$132.8 billion
Stock P/E34.1x
Price to book6.3x
EV / EBITDAn/a
Dividend yield1.3%
Market cap / sales4.2x
52-week high$459.96
52-week low$315.82
Price, 1 year-9.4%
Price CAGR, 3 years16.6%
Price CAGR, 5 years14.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Eaton Corp. plc's balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
ETNgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,7984,8435,2125,3135,3845,4835,8665,8805,9675,9436,3506,3456,2406,3777,0286,9887,0557,4518,5318,947
Cost of revenue3,2263,2693,5053,5453,5463,5993,7473,6843,7323,7253,9403,8993,8113,9304,4314,3134,4574,7995,6765,842
Gross profit1,5721,5741,7071,7681,8381,8842,1192,1962,2352,2182,4102,4462,4292,4472,5972,6752,5982,6522,8553,105
Gross margin33%33%33%33%34%34%36%37%37%37%38%39%39%38%37%38%37%36%33%35%
R&D162165168165167179187187201189196207202198192203204211227238
SG&A7517908288137969049869499561,0251,0211,0281,0031,0481,1491,1051,0091,2691,2361,278
Interest expensen/an/an/an/an/an/an/an/an/an/an/a29.0n/a33.071.067.070.0106201198
Pre-tax income6256197207208527628981,0791,0881,0011,1951,2041,1661,1771,1861,2751,2941,1071,1441,370
Tax rate12%14%17%16%15%16%17%17%13%18%17%16%17%18%17%21%13%22%28%21%
Net income5515326016077226387448919458219931,0099719649821,0101,1318668211,078
Net margin11%11%12%11%13%12%13%15%16%14%16%16%16%15%14%14%16%12%10%12%
Diluted EPS$1.37$1.33$1.50$1.52$1.80$1.59$1.86$2.22$2.35$2.04$2.48$2.53$2.45$2.45$2.51$2.59$2.91$2.22$2.11$2.77
Operating cash flow79542.03409651,1863358501,1411,2984759461,3091,5972389181,3511,9655071,1271,309
Capital expenditure163115139135209126160228243183187183255147202178392193253275
Free cash flow632-73.02018309772096909131,0552927591,1261,34291.07161,1731,5733148741,034
Buybacks0.086.01001000.00.00.00.00.01386008778776156923621930.00.00.0
Dividends paid303320334323322334358343344368388374370397421404404415443427
Shares outstanding399m399m398m398m398m399m399m399m399m400m398m395m393m391m389m388m388m388m388m388m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue13,71516,04916,31122,04622,55220,85519,74720,40421,60921,39017,85819,62820,75223,19624,87827,44831,984
Cost of revenue9,63311,26111,44815,36915,64614,29213,40013,75614,51114,33812,40813,29313,86514,76215,37517,13120,774
Gross profit4,0824,7884,8636,6776,9066,5636,3476,6487,0987,0525,4506,3356,8878,4349,50310,31711,210
Gross margin29.8%29.8%29.8%30.3%30.6%31.5%32.1%32.6%32.8%33.0%30.5%32.3%33.2%36.4%38.2%37.6%35.0%
Research and development425417439644647625587584584606551616665754794797880
Selling, general and administrative2,4862,7382,8943,8863,8103,5963,4643,5263,5483,5833,0753,2563,2273,7954,0774,3114,792
Operating income1,7002,2602,2163,1783,3123,1332,9583,2143,6303,675n/an/an/an/an/an/an/a
Operating margin12.4%14.1%13.6%14.4%14.7%15.0%15.0%15.8%16.8%17.2%n/an/an/an/an/an/an/a
Interest expense170174276n/an/an/an/an/an/a199149144n/a151130241575
Pre-tax income1,0361,5531,2511,8841,7612,1332,1183,3682,4242,5911,7462,8962,9113,8274,5664,9324,915
Income tax99.020131.011.0-42.01591993822783783317504456047688411,014
Effective tax rate9.6%12.9%2.5%0.6%-2.4%7.5%9.4%11.3%11.5%14.6%19.0%25.9%15.3%15.8%16.8%17.1%20.6%
Net income9291,3501,2171,8611,7931,9721,9162,9852,1452,2111,4102,1442,4623,2183,7944,0873,896
Net margin6.8%8.4%7.5%8.4%8.0%9.5%9.7%14.6%9.9%10.3%7.9%10.9%11.9%13.9%15.3%14.9%12.2%
Diluted EPS$2.73$3.93$3.46$3.90$3.76$4.22$4.21$6.68$4.91$5.25$3.49$5.34$6.14$8.02$9.50$10.45$10.01
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2010 to FY2025

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Electrical Americas3,675n/an/an/an/an/an/an/a7,9148,1756,6807,2428,49710,09811,43613,27648.4%
Electrical Globaln/an/an/an/an/an/an/an/a5,1595,1724,7035,5165,8486,0846,2486,81524.8%
Aerospace1,5361,6481,7191,7741,8601,8071,7531,7442,3352,4802,2232,6483,0393,4133,7444,24915.5%
Vehiclen/a4,3903,9143,8354,0063,6823,1413,3263,4893,0382,1182,5792,8302,9652,7902,5059.1%
eMobilityn/an/an/an/an/an/a2662833203212923435386366626042.2%
Automotive1,547n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Cooper0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Productsn/a3,6193,8467,0267,2546,9766,7036,917n/an/an/an/an/an/an/an/an/a
Electrical Rest of World2,748n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Systems and Servicesn/a3,5573,8726,4306,4575,9315,6625,666n/an/an/an/an/an/an/an/an/a
Hydraulics2,2122,8352,9602,9812,9752,4592,2222,4682,3922,2041,8421,300n/an/an/an/an/a
Truck1,997n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Americas FY2010 to FY2025Electrical Global FY2018 to FY2025AerospaceVehicle FY2011 to FY2025eMobility FY2016 to FY2025Hydraulics FY2010 to FY2021Electrical Products FY2011 to FY2017Electrical Systems and Services FY2011 to FY2017Electrical Rest of World FY2010Truck FY2010Automotive FY2010
16.0FY201122.0FY201320.9FY201520.4FY201721.4FY201919.6FY202123.2FY202327.4FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2010 to FY2025

The operating profit each segment reports. Costs Eaton does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Electrical Americas529n/an/an/an/an/an/an/a1,3721,5491,3521,4951,9132,6753,4553,97229.9%
Electrical Globaln/an/an/an/an/an/an/an/a8338977501,0341,1341,1761,1491,32319.4%
Aerospace2202442132522733103353325035954145807057808591,01323.8%
Vehiclen/a69557059264564547154161146024344945348250241916.7%
eMobilityn/an/an/an/an/an/a57504417-8-29-9-21-7-14-2.3%
Automotive163n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Cooper0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Productsn/a5316401,0901,1841,1561,1861,233n/an/an/an/an/an/an/an/an/a
Electrical Rest of World264n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Systems and Servicesn/a352424889843776711770n/an/an/an/an/an/an/an/an/a
Hydraulics279438369355367246198288267193186177n/an/an/an/an/a
Truck245n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Electrical Americas FY2010 to FY2025Electrical Products FY2011 to FY2017Electrical Global FY2018 to FY2025Electrical Rest of World FY2010Electrical Systems and Services FY2011 to FY2017AerospaceVehicle FY2011 to FY2025Truck FY2010Automotive FY2010eMobility FY2016 to FY2025Hydraulics FY2010 to FY2021
2,260FY20113,178FY20133,133FY20153,214FY20173,711FY20193,706FY20215,092FY20236,713FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Electrical Americas48%59%
Electrical Global25%20%
Aerospace15%15%
Vehicle9%6%
eMobility2%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2010 to FY2025

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States6,1667,1657,78911,09211,70111,39610,93711,22212,03412,33610,04410,86812,35314,07115,15117,12262.4%
Europe3,5324,0923,9975,1125,0744,3794,2284,3944,5534,3113,8184,2763,9574,3394,5305,07818.5%
Asia Pacific1,7222,0252,0192,5752,6762,3852,2362,3612,6492,4902,3002,5272,1852,2882,4592,7049.9%
Latin America1,6291,9521,5882,1131,9881,7261,4481,4851,4421,3129391,1601,5041,5491,6801,4615.3%
Canada6668159181,1541,1139698989429319417577977549491,0581,0833.9%
United StatesEuropeAsia PacificLatin AmericaCanada
16.0FY201122.0FY201320.9FY201520.4FY201721.4FY201919.6FY202123.2FY202327.4FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

First forecast against the result

Eaton's adjusted EPS landed at or above the top of the range in 3 and inside it in 1 of the 4 years shown (FY2021 to FY2024).

+14.1%FY2021−1.7%FY2022+8.1%FY2023+4.3%FY2024
  • At or above the top of the range
  • Inside the range
  • Under the range

Each bar is the year's result against the top of its first forecast range, in per cent of the top. Hover a bar for the figures.

Fiscal yearFirst forecast
adjusted EPS
Result
FY2021$5.40 to $5.80$6.62
FY2022$7.30 to $7.70$7.57
FY2023$8.04 to $8.44$9.12
FY2024$9.95 to $10.35$10.80
First forecast
The full-year range the company gave with its fourth-quarter results for the year before, before any later change to it.
Result
The figure the company reported for that year with its next fourth-quarter results.
Adjusted EPS
The company's own measure, which leaves out items it names, so it differs from the EPS in the tables above.
Years left out
Where the forecast or the result could not be read with confidence. Each figure in the table links to the results release it comes from.

Cash flow

FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,2821,2481,6642,2851,8782,4092,5702,6662,6583,4512,9442,1632,5333,6244,3274,4724,908
Capital expenditure3945685936146325064975205655873895755987578089191,113
Free cash flow8886801,0711,6711,2461,9032,0732,1462,0932,8642,5551,5881,9352,8673,5193,5533,795
Free cash flow margin6.5%4.2%6.6%7.6%5.5%9.1%10.5%10.5%9.7%13.4%14.3%8.1%9.3%12.4%14.1%12.9%11.9%
Cash from investing-1,012-800-6,972-202143-575-529-217-398-1,866397-1,764-1,200-2,575-271-1,101-12,325
Cash from financing-261-3815,480-1,736-2,130-2,305-1,738-2,442-2,581-1,494-3,258-535-1,340-871-3,936-3,1737,590
Depreciation and amortisation5515565989979839259299149038848119229549269211,0061,390
Share-based compensation11.05.07.011.012.012.014.011.011.09.0n/an/an/an/an/an/an/a
Buybacks0.0343-1590.06506827308501,2711,0291,6081222860.02,4921,862193
Dividends paid3634625127969291,0261,0371,0681,1491,2011,1751,2191,2991,3791,5001,6261,689
Dividend per share$1.08$1.36$1.52$1.68$1.96$2.20$2.28$2.40$2.64$2.84$2.92$3.04$3.24$3.44$3.76$4.16n/a
Diluted shares, weighted340m343m351m477m477m467m456m447m437m421m404m402m401m401m399m391m390m
Shares outstanding at period endn/a334m471m475m468m459m449m440m424m413m398m399m398m399m393m388m388m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7,4037,46915,08616,79115,78615,18614,95417,25316,10716,08214,93016,41317,03819,03618,48819,42520,976
Non-controlling interestn/a23.065.072.053.045.044.037.035.051.043.038.038.033.043.044.047.0
Short-term borrowingsn/an/an/a13.02.042614.06.0414n/a1.013.0n/a8.00.01.0n/a
Debtn/a3,77310,8339,5369,0327,9888,2637,7457,1078,3228,0578,5668,6559,2619,1529,89420,106
Operating lease liabilitiesn/an/an/an/an/an/an/an/a0.0331326337459533669637816
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/a21.030.023.018.022.019.018.0n/a
Other liabilitiesn/a6,6089,8649,0798,6567,3867,1447,5827,4297,9988,4378,6378,8069,53910,01011,23215,507
Total liabilities and equityn/a17,87335,84835,49133,52931,03130,41932,62331,09232,80531,82434,02735,01438,43238,38141,25157,452
Owned
Fixed assets2,4772,6023,7863,8333,7503,5653,4433,5023,4673,4962,9643,0643,1463,5303,7294,3164,815
Goodwill5,4545,53714,44314,49513,89313,47913,20113,56813,32813,45612,90314,75114,79614,97714,71315,76920,298
Intangible assets2,2722,1927,5807,1866,5566,0145,5145,2654,8464,6384,1755,8555,4855,0914,6585,05412,264
Investmentsn/a6995277942451772035341572216642712612,1211,525181290
Cash and equivalents333385577915781268543561283370438297294488555622528
Receivablesn/a2,4443,4743,6483,6673,4793,5603,9433,8583,4372,9043,2974,0764,4754,6195,3877,150
Inventoryn/a1,7012,3362,3822,4282,3232,3462,6202,7852,8052,1092,9693,4303,7394,2274,7215,941
Other assets6,7162,3133,1252,2382,2091,7261,6092,6302,3684,3825,6673,5233,5264,0114,3555,2016,166
Total assets17,25217,87335,84835,49133,52931,03130,41932,62331,09232,80531,82434,02735,01438,43238,38141,25157,452
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.8%9.0%9.8%20.1%
Profit growth, compounded7.6%23.7%18.4%-0.8%
Return on equity, average15.3%17.2%19.5%21.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Eaton's revenue in fiscal 2025?

Eaton (ETN) reported revenue of $27.4 billion for fiscal 2025, the year ended 31 December 2025, up 10.3% on the year before.

How much did Eaton earn in fiscal 2025?

Net income was $4.1 billion for fiscal 2025, and diluted earnings per share $10.45.

What is Eaton's P/E ratio?

At the close of 6 November 2026, Eaton traded at 34.1 times its earnings over the twelve months to 30 September 2026.

What is Eaton's market cap?

The market cap of Eaton was $132.8 billion at the close of 6 November 2026.

Does Eaton pay a dividend?

Yes. Eaton declared $4.34 a share in dividends over the four quarters to 30 September 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Moog Inc. MOG.A$10.3 billion27.5517.0%13.3%15.6%0.410.4%
Enerpac Tool Group Corp. EPAC$2.0 billion22.5819.8%19.8%5.7%0.400.1%
All 85 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$549.0 billion51.6449.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$255.6 billion21.9255.1%18.3%20.3%2.101.1%
Lam Research Corp. LRCX$250.2 billion29.8660.8%37.0%33.4%0.270.6%
Deere & Co. DE$181.2 billion37.3317.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$132.8 billion34.1418.6%n/a20.1%0.961.3%
Johnson Controls International plc JCI$81.8 billion23.4726.5%n/a6.8%0.701.2%
Illinois Tool Works Inc. ITW$79.9 billion25.04102.7%26.6%4.8%2.982.3%
Cummins Inc. CMI$61.7 billion18.7924.9%12.5%6.7%0.561.8%
Baker Hughes Co. BKR$47.5 billion16.5014.4%n/a3.7%0.91n/a
Carrier Global Corp. CARR$42.8 billionn/a-17.3%-4.8%3.3%1.101.3%
Ingersoll Rand Inc. IR$31.9 billion23.3713.2%22.9%8.0%0.45n/a
Dover Corp. DOV$27.1 billion23.8915.3%17.0%8.2%0.431.0%
TechnipFMC plc FTI$24.8 billion19.9838.6%16.8%9.1%0.120.3%
Xylem Inc. XYL$22.4 billion21.6510.5%15.1%1.9%0.281.7%
Symbotic Inc. SYM$22.2 billion409.171.8%0.9%20.6%0.00n/a
ITT Inc. ITT$18.3 billion42.308.8%14.0%35.8%0.740.7%
Nordson Corp. NDSN$17.3 billion31.3417.0%26.9%7.0%0.531.1%
nVent Electric plc NVT$17.2 billion25.6016.5%17.8%48.0%0.530.8%
Curtiss Wright Corp. CW$16.9 billion30.9021.7%18.9%10.7%0.370.2%
Idex Corp. IEX$16.7 billion31.5413.3%20.9%6.9%0.441.3%
RBC Bearings Inc. RBC$15.6 billion42.4610.0%24.4%17.4%0.20n/a
Zebra Technologies Corp. ZBRA$15.2 billion25.9816.9%14.9%16.9%0.72n/a
Lincoln Electric Holdings Inc. LECO$14.9 billion26.4137.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$14.3 billion46.224.0%n/a0.6%3.332.2%
Lennox International Inc. LII$11.7 billion15.8756.9%18.8%1.9%1.231.5%
Regal Rexnord Corp. RRX$11.3 billion48.883.4%10.0%4.7%0.650.8%
BWX Technologies, Inc. BWXT$11.0 billion29.3026.4%12.4%17.7%1.430.9%
Graco Inc. GGG$10.9 billion21.8221.0%26.8%5.4%0.051.7%
Pentair plc PNR$10.9 billion18.0715.9%19.6%-3.9%0.381.6%
Moog Inc. MOG.A$10.3 billion27.5517.0%13.3%15.6%0.410.4%
Flowserve Corp. FLS$10.2 billion40.3811.0%10.0%0.2%0.891.1%
Toro Co. TTC$9.9 billion28.0327.2%10.3%5.2%0.721.5%
Donaldson Co. Inc. DCI$9.8 billion21.9025.7%15.4%5.3%0.751.4%
Agco Corp. AGCO$7.6 billion28.416.9%5.6%0.9%0.661.1%
Zurn Elkay Water Solutions Corp. ZWS$7.2 billion25.4217.2%22.1%10.1%0.301.0%
SPX Technologies, Inc. SPXC$7.1 billion24.1812.2%16.1%20.2%0.55n/a
Timken Co. TKR$7.0 billion25.258.9%11.0%5.9%0.611.4%
JBT Marel Corp. JBTM$6.6 billion34.224.4%7.3%20.3%0.380.3%
NOV Inc. NOV$6.3 billion43.912.3%5.5%-1.0%0.272.0%
Middleby Corp. MIDD$6.2 billionn/a-21.3%16.5%8.4%0.90n/a
Weatherford International plc WFRD$6.1 billion15.0620.7%12.4%-5.7%0.761.3%
Gates Industrial Corp. Ltd. GTES$6.1 billion16.7410.4%13.5%4.0%0.62n/a
Esab Corp. ESAB$5.1 billion33.536.1%11.2%11.0%0.910.5%
Brunswick Corp. BC$5.0 billion23.6312.5%5.7%10.4%1.182.3%
Aaon, Inc. AAON$4.7 billion29.7915.8%11.0%53.5%0.430.7%
Cactus, Inc. WHD$4.7 billion40.3714.1%18.8%40.4%0.001.0%
Solaris Energy Infrastructure, Inc. SEI$4.6 billion60.165.9%22.8%73.8%2.040.8%
Alliance Laundry Holdings Inc. ALH$4.5 billion24.8535.6%19.1%n/an/a0.0%
Kadant Inc. KAI$3.5 billion31.5210.7%15.0%12.5%0.500.5%
Hayward Holdings, Inc. HAYW$3.4 billion20.8310.7%21.6%7.6%0.600.0%
ACM Research, Inc. ACMR$3.3 billion27.876.1%14.5%29.1%0.18n/a
Axcelis Technologies Inc. ACLS$3.1 billion29.549.4%10.3%4.3%0.00n/a
Standex International Corp. SXI$2.8 billion24.3414.6%22.5%8.3%0.670.6%
Ouster, Inc. OUST$2.5 billionn/a-8.2%-25.6%63.7%0.00n/a
Dnow Inc. DNOW$2.4 billionn/a-8.8%-3.9%96.8%0.18n/a
Veeco Instruments Inc. VECO$2.3 billion92.962.8%3.0%6.6%0.25n/a
Enerpac Tool Group Corp. EPAC$2.0 billion22.5819.8%19.8%5.7%0.400.1%
Cricut, Inc. CRCT$1.8 billion19.0723.8%16.7%-0.9%0.002.3%
Flowco Holdings Inc. FLOC$1.8 billion18.2210.5%18.6%20.4%0.670.4%
Gorman Rupp Co. GRC$1.8 billion24.1216.0%16.1%6.5%0.54n/a
Kennametal Inc. KMT$1.8 billion3.0332.4%31.0%32.5%0.623.5%
Innovex International, Inc. INVX$1.8 billion36.394.4%6.9%7.0%0.02n/a
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.00n/a
Alamo Group Inc. ALG$1.6 billion20.876.5%6.9%1.8%0.201.0%
Tennant Co. TNC$1.2 billion53.354.2%3.9%-0.4%0.651.7%
Lindsay Corp. LNN$1.1 billion19.9511.0%10.5%-6.0%0.231.4%
Graham Corp. GHM$915 million67.776.7%6.0%16.2%0.00n/a
Power Solutions International, Inc. PSIX$903 million12.8330.1%14.9%-0.2%0.16n/a
Aebi Schmidt Holding AG AEBI$864 million35.062.6%4.5%79.4%0.751.5%
Douglas Dynamics, Inc. PLOW$839 million13.1720.8%12.7%22.8%0.333.3%
Astec Industries Inc. ASTE$824 million71.501.7%3.1%13.8%0.551.5%
Manitowoc Co. Inc. MTW$807 million31.493.7%3.6%10.2%0.67n/a
Forum Energy Technologies, Inc. FET$800 million27.469.5%7.4%10.6%0.40n/a
Columbus McKinnon Corp. CMCO$510 millionn/a-25.9%-6.8%80.7%1.801.6%
Oil States International, Inc. OIS$499 millionn/a-18.4%-14.0%-0.7%0.03n/a
Energy Recovery, Inc. ERII$364 million79.333.1%0.8%-26.2%0.00n/a
Twin Disc Inc. TWIN$331 million10.5914.1%5.2%12.1%0.180.7%
Gencor Industries Inc. GENC$250 million16.886.6%11.7%-6.4%0.00n/a
Taylor Devices, Inc. TAYD$244 millionn/a9.3%13.2%-12.5%0.00n/a
Perma-Pipe International Holdings, Inc. PPIH$234 million15.0016.7%12.1%24.8%0.39n/a
NN Inc. NNBR$225 millionn/a-25.3%-3.1%13.9%1.63n/a
Serve Robotics Inc. SERV$203 millionn/a-67.7%-2,207.0%410.9%0.00n/a
Amtech Systems Inc. ASYS$200 million43.963.5%8.1%-2.4%0.00n/a
Ampco Pittsburgh Corp. AP$122 millionn/a-190.4%-11.1%3.3%4.42n/a
Sono TEK Corp. SOTK$68 million35.929.5%10.2%4.4%0.00n/a
3 companies share its SEC industry code (Misc Industrial & Commercial Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on ETN

Dividends$4.34 a share over the four quarters to 30 September 2026, a 1.27% yield
Filings26 in twelve months: 15 current reports (8-K), about 5 officer or director change; 4 results of operations; 3 regulation FD disclosure; 2 other events; 2 new financial obligation
Planned insider sales9 Form 144 notices in twelve months, $31.0 million; latest 11 August 2026
Options tapeput/call 0.65 by open interest at the 6 November 2026 close; the straddle prices a 6.5% move to 13 November 2026
13F holders2,690 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading8 sales and 5 purchases on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest7.5 million shares short, 3.51 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20263 November 2026EDGAR
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR

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