ETN · Eaton Corp PLC - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $27.45B | $24.88B | $23.20B | $20.75B | $19.63B | $17.86B |
| Cost of Revenue | $17.13B | $15.38B | $14.76B | $13.87B | $13.29B | $12.41B |
| Gross Profit | $10.32B | $9.50B | $8.43B | $6.89B | $6.33B | $5.45B |
| R&D | $797.00M | $794.00M | $754.00M | $665.00M | $616.00M | $551.00M |
| SG&A | $4.31B | $4.08B | $3.79B | $3.23B | $3.26B | $3.08B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.01B | $921.00M | $926.00M | $954.00M | $922.00M | $811.00M |
| Operating Income | $4.93B | $4.57B | $3.83B | $2.91B | $2.90B | $1.75B |
| Interest Expense | $130.00M | - | - | - | $144.00M | $149.00M |
| Income Tax | $841.00M | $768.00M | $604.00M | $445.00M | $750.00M | $331.00M |
| Net Income | $4.09B | $3.79B | $3.22B | $2.46B | $2.14B | $1.41B |
| EPS - Basic | $10.48 | $9.54 | $8.06 | $6.17 | $5.38 | $3.51 |
| EPS - Diluted | $10.45 | $9.50 | $8.02 | $6.14 | $5.34 | $3.49 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $622.00M | $555.00M | $488.00M | $294.00M | $297.00M | $438.00M |
| Accounts Receivable | $5.39B | $4.62B | $4.47B | $4.08B | $3.30B | $2.90B |
| Inventory | $4.72B | $4.23B | $3.74B | $3.43B | $2.97B | $2.11B |
| Accounts Payable | $4.17B | $3.68B | $3.37B | $3.07B | $2.80B | $1.99B |
| Current Assets | $12.36B | $11.80B | $11.68B | $8.75B | $7.51B | $9.18B |
| Total Assets | $41.25B | $38.38B | $38.43B | $35.01B | $34.03B | $31.82B |
| Current Liabilities | $9.37B | $7.86B | $7.75B | $6.36B | $7.21B | $5.88B |
| Long-term Debt | $9.89B | $9.15B | $9.26B | $8.33B | $8.57B | $8.06B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $19.43B | $18.49B | $19.04B | $17.04B | $16.41B | $14.93B |
| Retained Earnings | $10.70B | $10.10B | $10.30B | $8.47B | $7.59B | $6.79B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.47B | $4.33B | $3.62B | $2.53B | $2.16B | $2.94B |
| Investing Cash Flow | ($1.10B) | ($271.00M) | ($2.58B) | ($1.20B) | ($1.76B) | $397.00M |
| Financing Cash Flow | ($3.17B) | ($3.94B) | ($871.00M) | ($1.34B) | ($535.00M) | ($3.26B) |
| CapEx | $919.00M | $808.00M | $757.00M | $598.00M | $575.00M | $389.00M |
| Free Cash Flow | $3.55B | $3.52B | $2.87B | $1.94B | $1.59B | $2.56B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.6% | 38.2% | 36.4% | 33.2% | 32.3% | 30.5% |
| Operating margin | 18.0% | 18.4% | 16.5% | 14.0% | 14.8% | 9.8% |
| EBITDA margin | 21.6% | 22.1% | 20.5% | 18.6% | 19.5% | 14.3% |
| Net margin | 14.9% | 15.3% | 13.9% | 11.9% | 10.9% | 7.9% |
| Free cash flow margin | 12.9% | 14.1% | 12.4% | 9.3% | 8.1% | 14.3% |
| FCF / Net income | 0.87 | 0.93 | 0.89 | 0.79 | 0.74 | 1.81 |
| R&D / Revenue | 2.9% | 3.2% | 3.3% | 3.2% | 3.1% | 3.1% |
| SG&A / Revenue | 15.7% | 16.4% | 16.4% | 15.6% | 16.6% | 17.2% |
| Effective tax rate | 17.1% | 16.8% | 15.8% | 15.3% | 25.9% | 19.0% |
| Return on assets | 9.9% | 9.9% | 8.4% | 7.0% | 6.3% | 4.4% |
| Return on equity | 21.0% | 20.5% | 16.9% | 14.5% | 13.1% | 9.4% |
| Return on invested capital | 14.0% | 13.7% | 11.4% | 9.7% | 8.6% | 6.2% |
| Liquidity | ||||||
| Current ratio | 1.32 | 1.50 | 1.51 | 1.38 | 1.04 | 1.56 |
| Quick ratio | 0.81 | 0.96 | 1.02 | 0.84 | 0.63 | 1.20 |
| Cash ratio | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.07 |
| Leverage | ||||||
| Debt / Equity | 0.51 | 0.50 | 0.49 | 0.49 | 0.52 | 0.54 |
| Debt / Assets | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.25 |
| Debt / EBITDA | 1.67 | 1.67 | 1.95 | 2.16 | 2.24 | 3.15 |
| Interest coverage | 37.9x | - | - | - | 20.1x | 11.7x |
| Equity multiplier | 2.12 | 2.08 | 2.02 | 2.06 | 2.07 | 2.13 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.67 | 0.65 | 0.60 | 0.59 | 0.58 | 0.56 |
| Inventory turnover | 3.63 | 3.64 | 3.95 | 4.04 | 4.48 | 5.88 |
| Days sales outstanding | 72d | 68d | 70d | 72d | 61d | 59d |
| Days inventory outstanding | 101d | 100d | 92d | 90d | 82d | 62d |
| Days payable outstanding | 89d | 87d | 83d | 81d | 77d | 58d |
| Cash conversion cycle | 83d | 81d | 80d | 81d | 66d | 63d |
| Valuation | ||||||
| P / E | 30.5x | 34.9x | 30.0x | 25.6x | 32.4x | 34.4x |
| P / B | 6.4x | 7.2x | 5.1x | 3.7x | 4.2x | 3.3x |
| P / S | 4.5x | 5.3x | 4.2x | 3.0x | 3.5x | 2.7x |
| EV / EBITDA | 22.5x | 25.7x | 22.2x | 18.4x | 20.3x | 22.0x |
| Growth | ||||||
| Revenue growth (YoY) | 10.3% | 7.3% | 11.8% | 5.7% | 9.9% | -16.5% |
| Revenue CAGR (3y) | 9.8% | 8.2% | 9.1% | -1.0% | -0.2% | -4.3% |
| Revenue CAGR (5y) | 9.0% | 3.1% | 3.3% | 0.3% | -0.1% | -3.1% |
| Gross profit growth (YoY) | 8.6% | 12.7% | 22.5% | 8.7% | 16.2% | -22.7% |
| Operating income growth (YoY) | 8.0% | 19.3% | 31.5% | 0.5% | 65.9% | -52.5% |
| Net income growth (YoY) | 7.7% | 17.9% | 30.7% | 14.8% | 52.1% | -36.2% |
| EPS growth (YoY) | 10.0% | 18.5% | 30.6% | 15.0% | 53.0% | -33.5% |
| EPS CAGR (3y) | 19.4% | 21.2% | 32.0% | 5.4% | 2.8% | -19.5% |
| EPS CAGR (5y) | 24.5% | 12.6% | 10.3% | -1.7% | 4.9% | -3.8% |
| FCF growth (YoY) | 1.0% | 22.7% | 48.2% | 21.9% | -37.8% | -10.8% |
| FCF CAGR (5y) | 6.8% | 4.2% | 6.5% | -2.0% | -5.0% | 6.5% |
| Book value growth (YoY) | 5.1% | -2.9% | 11.7% | 3.8% | 9.9% | -7.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$24.84B totalElectrical Americas Segment$13.28B · 53.4%
Electrical Global Segment$6.82B · 27.4%
Vehicle Segment$2.50B · 10.1%
Aerospace Segment$1.64B · 6.6%
EMobility Segment$604.00M · 2.4%
Product / service
$15.78B totalSystems$10.07B · 63.8%
Product$3.21B · 20.3%
Commercial$1.45B · 9.2%
Passenger And Light Duty$1.06B · 6.7%
Geographic
$27.45B totalUS$17.12B · 62.4%
Europe$5.08B · 18.5%
Asia Pacific$2.70B · 9.9%
Latin America$1.46B · 5.3%
CA$1.08B · 3.9%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Misc Industrial & Commercial Machinery & Equipment
Comparing Eaton Corp plc against the 5 most active filers in the same SIC group.
Dividends
$4.28/share trailing 12 months · +8.1% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $1.1000 |
| Mar 10, 2026 | $1.1000 |
| Nov 5, 2025 | $1.0400 |
| Aug 7, 2025 | $1.0400 |
| May 5, 2025 | $1.0400 |
| Mar 10, 2025 | $1.0400 |
| Nov 4, 2024 | $0.9400 |
| Aug 5, 2024 | $0.9400 |
| May 3, 2024 | $0.9400 |
| Mar 8, 2024 | $0.9400 |
| Nov 3, 2023 | $0.8600 |
| Aug 4, 2023 | $0.8600 |
| May 5, 2023 | $0.8600 |
| Mar 3, 2023 | $0.8600 |
| Nov 9, 2022 | $0.8100 |
| Aug 11, 2022 | $0.8100 |
| May 12, 2022 | $0.8100 |
| Mar 10, 2022 | $0.8100 |
| Nov 10, 2021 | $0.7600 |
| Aug 12, 2021 | $0.7600 |
| May 13, 2021 | $0.7600 |
| Mar 15, 2021 | $0.7600 |
| Nov 5, 2020 | $0.7300 |
| Aug 13, 2020 | $0.7300 |