Eaton Corp plc ETN

Industrials SIC 3590 - Misc Industrial & Commercial Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing › All Other General Purpose Machinery Manufacturing derived NYSE

Eaton Corporation plc (Eaton or the Company) is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are capitalizing on the megatrends of the electrification, digitalization, and the reindustrialization of and growth of megaprojects in North America and increased global infrastructure spending, all of which are expanding our end markets and positioning Eaton for growth for years to come. We are strengthening our participation across the entire electrical power value chain and benefiting from momentum in the data center and utility end markets as well as a growth cycle in the commercial aerospace and defense markets. We are guided by our commitment to operate sustainably and with the highest ethical standards. Our work is helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and for future generations.

Last close 366.11 2026-10-23
Market cap $142.20B 2026-06-30 share count
52-week range 311.92 - 478.00

Valuation FY2025 figures against the last close

P/S5.2x
P/E35.0x
P/FCF40.0x
EV/EBITDA—
Dividend yield1.1%
Diluted EPS10.45

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Europe
  • Asia Pacific
  • Latin America
  • Canada
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 17.1B (62.4%) 62% United States Europe, FY2025: 5.1B (18.5%) 19% Europe Asia Pacific, FY2025: 2.7B (9.9%) 10% Asia Pacific Latin America, FY2025: 1.5B (5.3%) 5% Canada, FY2025: 1.1B (3.9%) 4% FY2024 United States, FY2024: 15.2B (60.9%) 61% Europe, FY2024: 4.5B (18.2%) 18% Asia Pacific, FY2024: 2.5B (9.9%) 10% Latin America, FY2024: 1.7B (6.8%) 7% Canada, FY2024: 1.1B (4.3%) 4% FY2023 United States, FY2023: 14.1B (60.7%) 61% Europe, FY2023: 4.3B (18.7%) 19% Asia Pacific, FY2023: 2.3B (9.9%) 10% Latin America, FY2023: 1.5B (6.7%) 7% Canada, FY2023: 949M (4.1%) 4%
Region FY2025FY2024FY2023
United States $17.12B $15.15B $14.07B
Europe $5.08B $4.53B $4.34B
Asia Pacific $2.70B $2.46B $2.29B
Latin America $1.46B $1.68B $1.55B
Canada $1.08B $1.06B $949.0M

As the company reported it, from the “BUSINESS SEGMENT INFORMATION - Geographic Region Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $27.45B$24.88B$23.20B$20.75B$19.63B$17.86B$21.39B$21.61B$20.40B$19.75B
Cost of revenue $17.13B$15.38B$14.76B$13.87B$13.29B$12.41B$14.34B$14.51B$13.76B$13.40B
Gross profit $10.32B$9.50B$8.43B$6.89B$6.33B$5.45B$7.05B$7.10B$6.65B$6.35B
R&D $797.0M$794.0M$754.0M$665.0M$616.0M$551.0M$606.0M$584.0M$584.0M$587.0M
SG&A $4.31B$4.08B$3.79B$3.23B$3.26B$3.08B$3.58B$3.55B$3.53B$3.46B
Operating income ——————$3.67B$3.63B$3.21B$2.96B
Interest expense $241.0M$130.0M$151.0M$144.0M$144.0M$149.0M$199.0M$258.0M$246.0M$233.0M
Pre-tax income $4.93B$4.57B$3.83B$2.91B$2.90B$1.75B$2.59B$2.42B$3.37B$2.12B
Income tax $841.0M$768.0M$604.0M$445.0M$750.0M$331.0M$378.0M$278.0M$382.0M$199.0M
Net income $4.09B$3.79B$3.22B$2.46B$2.14B$1.41B$2.21B$2.15B$2.99B$1.92B
EPS, basic 10.489.548.066.175.383.515.284.936.714.21
EPS, diluted 10.459.508.026.145.343.495.254.916.684.20
Shares, diluted (wtd. avg.) 391.2M399.4M401.1M400.8M401.6M404.0M420.8M436.9M447.0M456.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $622.0M$555.0M$488.0M$294.0M$297.0M$438.0M$370.0M$283.0M$561.0M$543.0M
Short-term investments $181.0M$1.52B$2.12B$261.0M$271.0M$664.0M$221.0M$157.0M$534.0M$203.0M
Receivables $5.39B$4.62B$4.47B$4.08B$3.30B$2.90B$3.44B$3.86B$3.94B$3.56B
Inventory $4.72B$4.23B$3.74B$3.43B$2.97B$2.11B$2.81B$2.79B$2.62B$2.35B
Total current assets $12.36B$11.80B$11.68B$8.75B$7.51B$9.18B$8.73B$7.59B$8.34B$7.03B
Property, plant and equipment $4.32B$3.73B$3.53B$3.15B$3.06B$2.96B$3.50B$3.47B$3.50B$3.44B
Goodwill $15.77B$14.71B$14.98B$14.80B$14.75B$12.90B$13.46B$13.33B$13.57B$13.20B
Other intangibles $5.05B$4.66B$5.09B$5.49B$5.86B$4.17B$4.64B$4.85B$5.26B$5.51B
Total assets $41.25B$38.38B$38.43B$35.01B$34.03B$31.82B$32.80B$31.09B$32.62B$30.48B
Accounts payable $4.17B$3.68B$3.37B$3.07B$2.80B$1.99B$2.11B$2.13B$2.17B$1.72B
Short-term debt $1.0M$0$8.0M$324.0M$13.0M$1.0M$255.0M$414.0M$6.0M$14.0M
Total current liabilities $9.37B$7.86B$7.75B$6.36B$7.21B$5.88B$5.13B$5.15B$5.08B$5.49B
Long-term debt $9.89B$9.15B$9.26B$8.33B$8.57B$8.06B$8.07B$7.11B$7.75B$8.26B
Retained earnings $10.70B$10.10B$10.30B$8.47B$7.59B$6.79B$8.17B$8.16B$8.67B$7.55B
Total equity $19.43B$18.49B$19.07B$17.07B$16.45B$14.97B$16.13B$16.14B$17.29B$15.00B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.47B$4.33B$3.62B$2.53B$2.16B$2.94B$3.45B$2.66B$2.67B$2.57B
Depreciation and amortisation $1.01B$921.0M$926.0M$954.0M$922.0M$811.0M$884.0M$903.0M$914.0M$929.0M
Capital expenditure $919.0M$808.0M$757.0M$598.0M$575.0M$389.0M$587.0M$565.0M$520.0M$497.0M
Investing cash flow -$1.10B-$271.0M-$2.58B-$1.20B-$1.76B$397.0M-$1.87B-$398.0M-$217.0M-$529.0M
Financing cash flow -$3.17B-$3.94B-$871.0M-$1.34B-$535.0M-$3.26B-$1.49B-$2.58B-$2.44B-$1.74B
Dividends paid $1.63B$1.50B$1.38B$1.30B$1.22B$1.18B$1.20B$1.15B$1.07B$1.04B
Buybacks $1.86B$2.49B$0$286.0M$122.0M$1.61B$1.03B$1.27B$850.0M$730.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001551182-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 19.7B Gross profit, FY2016: 6.4B Net income, FY2016: 1.9B Revenue, FY2017: 20.4B Gross profit, FY2017: 6.6B Net income, FY2017: 3B Revenue, FY2018: 21.6B Gross profit, FY2018: 7.1B Net income, FY2018: 2.1B Revenue, FY2019: 21.4B Gross profit, FY2019: 7.1B Net income, FY2019: 2.2B Revenue, FY2020: 17.9B Gross profit, FY2020: 5.5B Net income, FY2020: 1.4B Revenue, FY2021: 19.6B Gross profit, FY2021: 6.3B Net income, FY2021: 2.1B Revenue, FY2022: 20.8B Gross profit, FY2022: 6.9B Net income, FY2022: 2.5B Revenue, FY2023: 23.2B Gross profit, FY2023: 8.4B Net income, FY2023: 3.2B Revenue, FY2024: 24.9B Gross profit, FY2024: 9.5B Net income, FY2024: 3.8B Revenue, FY2025: 27.4B Gross profit, FY2025: 10.3B Net income, FY2025: 4.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $19.75B $20.40B $21.61B $21.39B $17.86B $19.63B $20.75B $23.20B $24.88B $27.45B
Gross profit $6.35B $6.65B $7.10B $7.05B $5.45B $6.33B $6.89B $8.43B $9.50B $10.32B
Net income $1.92B $2.99B $2.15B $2.21B $1.41B $2.14B $2.46B $3.22B $3.79B $4.09B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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