What is Eaton Corporation plc's earnings per share (EPS)?

Eaton Corporation plc (ETN) reported diluted earnings per share of $10.45 for fiscal year 2025. This represents a 10.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Eaton Corporation plc (ETN) Financials

ETN

Trailing 12 months to June 30, 2026

Revenue $30.0B +15.5% YoY

Net Income $3.8B -2.5% YoY

EPS (Diluted) $9.83 -1.1% YoY

Free Cash Flow $3.9B +20.1% YoY

Market Cap $169.4B as of Oct 3, 2026

Price / Sales 5.6x on $30.0B revenue, trailing 12 months to June 30, 2026

Price / Earnings 44.2x on $3.8B net income, trailing 12 months to June 30, 2026

Price / Book 8.4x on $20.3B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETN SEC filings page.

Eaton Corporation plc (ETN) reported $30.0B in revenue over the twelve months to Jun 30, 2026, up 15.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ETN FY2025 2026-10-04

Eaton converts growth into higher margins and cash, while rising investment and shareholder payouts leave less free-cash flexibility.

From FY2021 to FY2025, gross margin expanded from 32.3% to 37.6%, while net margin rose from 10.9% to 14.9%; the business retained more of each sales dollar as it scaled. In FY2025, operating cash flow of $4.5B exceeded net income of $4.1B, but free cash flow reached only $3.6B, showing that higher accounting earnings are cash-backed while reinvestment absorbs a larger share.

Leverage has stayed broadly contained: debt-to-equity was 0.5x in FY2025 versus 0.4x in FY2021. However, the current ratio fell from 1.5x to 1.3x, indicating less short-term balance-sheet cushion even without a major shift in long-term leverage.

Capital spending increased from $575M in FY2021 to $919M in FY2025, so the rising earnings stream has not translated one-for-one into free cash flow. FY2025 dividends and buybacks totaled $3.5B against free cash flow of $3.6B, leaving little internally generated cash beyond reinvestment and distributions.

Financial Health Signals

Financial Health Score 39/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Eaton Corporation plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Eaton Corporation plc, and counted as zero in the overall score.

Growth

Eaton Corporation plc's revenue grew 10.3% year-over-year to $27.4B, a solid pace of expansion. This earns a growth score of 62/100.

Leverage

Eaton Corporation plc has a moderate D/E ratio of 0.45. This balance of debt and equity financing earns a leverage score of 63/100.

Liquidity

Eaton Corporation plc's current ratio of 1.32 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Eaton Corporation plc converts 12.9% of revenue into free cash flow ($3.6B). This strong cash generation earns a score of 74/100.

Returns

Not available for Eaton Corporation plc, and counted as zero in the overall score.

Piotroski F-Score Strong

7/9

Eaton Corporation plc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.09x

For every $1 of reported earnings, Eaton Corporation plc generates $1.09 in operating cash flow ($4.5B OCF vs $4.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8.5B

YoY+21.4%

QoQ+14.5%

5Y CAGR+10.3%

10Y CAGR+5.3%

Eaton Corporation plc generated $8.5B in revenue in Q2 2026. This represents an increase of 21.4% from the same quarter a year earlier. Against the prior quarter it is up 14.5%.

Net Income

$821.0M

YoY-16.4%

QoQ-5.2%

5Y CAGR+10.2%

10Y CAGR+5.3%

Eaton Corporation plc reported $821.0M in net income in Q2 2026. This represents a decrease of 16.4% from the same quarter a year earlier. Against the prior quarter it is down 5.2%.

EPS (Diluted)

$2.11

YoY-15.9%

QoQ-5.0%

5Y CAGR+10.9%

10Y CAGR+7.0%

Eaton Corporation plc earned $2.11 per diluted share (EPS) in Q2 2026. This represents a decrease of 15.9% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$874.0M

YoY+22.1%

QoQ+178.3%

5Y CAGR+12.5%

10Y CAGR+3.7%

Eaton Corporation plc generated $874.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 22.1% from the same quarter a year earlier. Against the prior quarter it is up 178.3%.

Cash & Debt

$483.0M

YoY+21.4%

QoQ-14.5%

5Y CAGR+11.6%

10Y CAGR+4.1%

Eaton Corporation plc held $483.0M in cash against $18.5B in long-term debt as of Q2 2026.

Dividends Per Share

$1.10

YoY+5.8%

QoQ0.0%

5Y CAGR+7.7%

10Y CAGR+6.8%

Eaton Corporation plc paid $1.10 per share in dividends in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

388M

YoY-0.2%

QoQ0.0%

5Y CAGR-0.5%

10Y CAGR-1.6%

Eaton Corporation plc had 388M shares outstanding in Q2 2026. This represents a decrease of 0.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

33.5%

YoY-3.5pp

QoQ-2.1pp

5Y change+1.5pp

10Y change+0.8pp

Eaton Corporation plc's gross margin was 33.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.

Net Margin

9.6%

YoY-4.3pp

QoQ-2.0pp

5Y change-0.1pp

10Y change-0.1pp

Eaton Corporation plc's net profit margin was 9.6% in Q2 2026, showing the share of revenue converted to profit. This is down 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.

Return on Equity

4.0%

YoY-1.2pp

QoQ-0.3pp

5Y change+0.8pp

10Y change+0.9pp

Eaton Corporation plc's ROE was 4.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$227.0M

YoY+18.2%

QoQ+7.6%

5Y CAGR+8.1%

10Y CAGR+4.3%

Eaton Corporation plc invested $227.0M in research and development in Q2 2026. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is up 7.6%.

Share Buybacks

YoY-100.0%

Eaton Corporation plc repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$253.0M

YoY+25.2%

QoQ+31.1%

5Y CAGR+10.6%

10Y CAGR+6.5%

Eaton Corporation plc invested $253.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 25.2% from the same quarter a year earlier. Against the prior quarter it is up 31.1%.

ETN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ETN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$30.0B	$27.4B+10.3%	$24.9B+7.3%	$23.2B+11.8%	$20.8B+5.7%	$19.6B+9.9%	$17.9B-16.5%	$21.4B-1.0%	$21.6B+5.9%	$20.4B+3.3%	$19.7B-5.3%	$20.9B-7.5%	$22.6B+2.3%	$22.0B+35.2%	$16.3B+1.6%	$16.0B
Cost of Revenue	$19.2B	$17.1B+11.4%	$15.4B+4.2%	$14.8B+6.5%	$13.9B+4.3%	$13.3B+7.1%	$12.4B-13.5%	$14.3B-1.2%	$14.5B+5.5%	$13.8B+2.7%	$13.4B-6.3%	$14.3B-8.6%	$15.6B+1.8%	$15.4B+34.3%	$11.4B+1.7%	$11.3B
Gross Profit	$10.8B	$10.3B+8.6%	$9.5B+12.7%	$8.4B+22.5%	$6.9B+8.7%	$6.3B+16.2%	$5.5B-22.7%	$7.1B-0.6%	$7.1B+6.8%	$6.6B+4.7%	$6.4B-3.1%	$6.6B-5.1%	$6.9B+3.4%	$6.7B+37.3%	$4.9B+1.6%	$4.8B
R&D Expenses	$845.0M	$797.0M+0.4%	$794.0M+5.3%	$754.0M+13.4%	$665.0M+8.0%	$616.0M+11.8%	$551.0M-9.1%	$606.0M+3.8%	$584.0M0.0%	$584.0M-0.5%	$587.0M-6.1%	$625.0M-3.4%	$647.0M+0.5%	$644.0M+46.7%	$439.0M+5.3%	$417.0M
SG&A Expenses	$4.6B	$4.3B+5.7%	$4.1B+7.4%	$3.8B+17.6%	$3.2B-0.9%	$3.3B+5.9%	$3.1B-14.2%	$3.6B+1.0%	$3.5B+0.6%	$3.5B+1.8%	$3.5B-3.7%	$3.6B-5.6%	$3.8B-2.0%	$3.9B+34.3%	$2.9B+5.7%	$2.7B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.7B+1.2%	$3.6B+12.9%	$3.2B+8.7%	$3.0B-5.6%	$3.1B-5.4%	$3.3B+4.2%	$3.2B+43.4%	$2.2B-1.9%	$2.3B
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.6B+0.6%	$4.5B+9.8%	$4.1B+6.2%	$3.9B-4.2%	$4.1B-5.5%	$4.3B+2.9%	$4.2B+48.4%	$2.8B-0.1%	$2.8B
Interest Expense	$444.0M	$241.0M+85.4%	$130.0M-13.9%	$151.0M+4.9%	$144.0M0.0%	$144.0M-3.4%	$149.0M-25.1%	$199.0M+177.1%	-$258.0M-4.9%	-$246.0M-5.6%	-$233.0M-0.4%	-$232.0M-2.2%	-$227.0M+16.2%	-$271.0M-198.2%	$276.0M+58.6%	$174.0M
Income Tax	$987.0M	$841.0M+9.5%	$768.0M+27.2%	$604.0M+35.7%	$445.0M-40.7%	$750.0M+126.6%	$331.0M-12.4%	$378.0M+36.0%	$278.0M-27.2%	$382.0M+92.0%	$199.0M+25.2%	$159.0M+478.6%	-$42.0M-481.8%	$11.0M-64.5%	$31.0M-84.6%	$201.0M
Net Income	$3.8B	$4.1B+7.7%	$3.8B+17.9%	$3.2B+30.7%	$2.5B+14.8%	$2.1B+52.1%	$1.4B-36.2%	$2.2B+3.1%	$2.1B-28.2%	$3.0B+55.6%	$1.9B-2.8%	$2.0B+9.5%	$1.8B-3.7%	$1.9B+53.9%	$1.2B-9.9%	$1.4B
EPS (Basic)	N/A	$10.48+9.9%	$9.54+18.4%	$8.06+30.6%	$6.17+14.7%	$5.38+53.3%	$3.51-33.5%	$5.28+7.1%	$4.93-26.5%	$6.71+59.4%	$4.21-0.5%	$4.23+11.9%	$3.78-3.8%	$3.93+11.0%	$3.54-11.1%	$3.98
EPS (Diluted)	$9.83	$10.45+10.0%	$9.50+18.5%	$8.02+30.6%	$6.14+15.0%	$5.34+53.0%	$3.49-33.5%	$5.25+6.9%	$4.91-26.5%	$6.68+59.0%	$4.20-0.5%	$4.22+12.2%	$3.76-3.6%	$3.90+12.7%	$3.46-12.0%	$3.93
Diluted Shares (Avg)	N/A	391M-2.1%	399M-0.4%	401M+0.1%	401M-0.2%	402M-0.6%	404M-4.0%	421M-3.7%	437M-2.3%	447M-2.1%	457M-2.3%	467M-2.0%	477M0.0%	477M+35.9%	351M+2.4%	343M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$8.5B+21.4%	$7.5B+16.8%	$7.1B+13.1%	$7.0B+10.1%	$7.0B+10.7%	$6.4B+7.3%	$6.2B+4.6%	$6.3B+7.9%
Cost of Revenue	$5.7B+28.1%	$4.8B+22.1%	$4.5B+17.0%	$4.3B+10.6%	$4.4B+12.5%	$3.9B+5.5%	$3.8B+2.1%	$3.9B+5.8%
Gross Profit	$2.9B+9.9%	$2.7B+8.4%	$2.6B+7.0%	$2.7B+9.4%	$2.6B+7.8%	$2.4B+10.3%	$2.4B+8.7%	$2.4B+11.4%
R&D Expenses	$227.0M+18.2%	$211.0M+6.6%	$204.0M+1.0%	$203.0M-1.9%	$192.0M-2.0%	$198.0M+4.8%	$202.0M+0.5%	$207.0M+10.7%
SG&A Expenses	$1.2B+7.6%	$1.3B+21.1%	$1.0B+0.6%	$1.1B+7.5%	$1.1B+12.5%	$1.0B+2.2%	$1.0B+4.9%	$1.0B+8.3%
Interest Expense	$201.0M+183.1%	$106.0M+221.2%	$70.0M+66.7%	$67.0M+131.0%	$71.0M+144.8%	$33.0M+10.0%	$42.0M-80.0%	$29.0M-12.1%
Income Tax	$321.0M+58.1%	$240.0M+13.2%	$162.0M-16.9%	$264.0M+36.8%	$203.0M+1.0%	$212.0M+18.4%	$195.0M+38.3%	$193.0M+3.2%
Net Income	$821.0M-16.4%	$866.0M-10.2%	$1.1B+16.5%	$1.0B+0.1%	$982.0M-1.1%	$964.0M+17.4%	$971.0M+2.8%	$1.0B+13.2%
EPS (Basic)	$2.11-16.3%	$2.23-9.3%	$2.91+18.3%	$2.60+2.4%	$2.52+1.2%	$2.46+20.0%	$2.46+4.2%	$2.54+13.9%
EPS (Diluted)	$2.11-15.9%	$2.22-9.4%	$2.91+18.8%	$2.59+2.4%	$2.51+1.2%	$2.45+20.1%	$2.45+4.3%	$2.53+14.0%
Diluted Shares (Avg)	390M-0.5%	389M-1.1%	N/A	390M-2.2%	391M-2.4%	394M-2.1%	N/A	399M-0.7%

Not reported in any period shown, so not listed: Operating Income, EBITDA.

ETN Balance Sheet

ETN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$41.3B+7.5%	$38.4B-0.1%	$38.4B+9.8%	$35.0B+2.9%	$34.0B+6.9%	$31.8B-3.0%	$32.8B+5.5%	$31.1B-4.7%	$32.6B+7.0%	$30.5B-1.9%	$31.1B-7.3%	$33.5B-5.6%	$35.5B-0.9%	$35.8B+100.4%	$17.9B
Current Assets	$12.4B+4.7%	$11.8B+1.1%	$11.7B+33.5%	$8.7B+16.4%	$7.5B-18.2%	$9.2B+5.2%	$8.7B+15.0%	$7.6B-9.0%	$8.3B+18.5%	$7.0B+6.3%	$6.6B-18.3%	$8.1B-7.2%	$8.7B+10.5%	$7.9B+35.6%	$5.8B
Cash & Equivalents	$622.0M+12.1%	$555.0M+13.7%	$488.0M+66.0%	$294.0M-1.0%	$297.0M-32.2%	$438.0M+18.4%	$370.0M+30.7%	$283.0M-49.6%	$561.0M+3.3%	$543.0M+102.6%	$268.0M-65.7%	$781.0M-14.6%	$915.0M+58.6%	$577.0M+49.9%	$385.0M
Short-Term Investments	$181.0M-88.1%	$1.5B-28.1%	$2.1B+712.6%	$261.0M-3.7%	$271.0M-59.2%	$664.0M+200.5%	$221.0M+40.8%	$157.0M-70.6%	$534.0M+163.1%	$203.0M+14.7%	$177.0M-27.8%	$245.0M-69.1%	$794.0M+50.7%	$527.0M-24.6%	$699.0M
Inventory	$4.7B+11.7%	$4.2B+13.1%	$3.7B+9.0%	$3.4B+15.5%	$3.0B+40.8%	$2.1B-24.8%	$2.8B+0.7%	$2.8B+6.3%	$2.6B+11.7%	$2.3B+1.0%	$2.3B-4.3%	$2.4B+1.9%	$2.4B+2.0%	$2.3B+37.3%	$1.7B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$15.8B+7.2%	$14.7B-1.8%	$15.0B+1.2%	$14.8B+0.3%	$14.8B+14.3%	$12.9B-4.1%	$13.5B+1.0%	$13.3B-1.8%	$13.6B+2.8%	$13.2B-2.1%	$13.5B-3.0%	$13.9B-4.2%	$14.5B+0.4%	$14.4B+160.8%	$5.5B
Total Liabilities	$21.8B+9.7%	$19.9B+2.6%	$19.4B+7.9%	$18.0B+2.1%	$17.6B+4.3%	$16.9B+1.0%	$16.7B+11.6%	$15.0B-2.5%	$15.4B-1.0%	$15.5B-2.2%	$15.9B-10.3%	$17.7B-5.3%	$18.7B-9.6%	$20.7B+98.9%	$10.4B
Current Liabilities	$9.4B+19.3%	$7.9B+1.4%	$7.7B+21.8%	$6.4B-11.8%	$7.2B+22.6%	$5.9B+14.6%	$5.1B-0.4%	$5.2B+1.6%	$5.1B-7.5%	$5.5B+18.6%	$4.6B-13.6%	$5.4B+9.0%	$4.9B-10.9%	$5.5B+51.6%	$3.6B
Non-Current Liabilities	$12.4B+3.5%	$12.0B+3.3%	$11.6B+0.3%	$11.6B+11.7%	$10.4B-5.5%	$11.0B-4.9%	$11.5B+17.8%	$9.8B-4.5%	$10.3B+2.7%	$10.0B-10.3%	$11.1B-9.7%	$12.3B-10.1%	$13.7B-9.3%	$15.1B+124.2%	$6.7B
Long-Term Debt	$8.8B+3.3%	$8.5B+2.8%	$8.2B-0.9%	$8.3B+21.8%	$6.8B-2.6%	$7.0B-10.3%	$7.8B+15.5%	$6.8B-5.6%	$7.2B+6.8%	$6.7B-13.4%	$7.7B-3.5%	$8.0B-10.5%	$9.0B-8.2%	$9.8B+190.1%	$3.4B
Total Equity	$19.4B+5.1%	$18.5B-2.9%	$19.0B+11.7%	$17.0B+3.8%	$16.4B+9.9%	$14.9B-7.2%	$16.1B-0.2%	$16.1B-6.6%	$17.3B+15.4%	$15.0B-1.5%	$15.2B-3.8%	$15.8B-6.0%	$16.8B+11.1%	$15.1B+102.3%	$7.5B
Retained Earnings	$10.7B+6.0%	$10.1B-2.0%	$10.3B+21.7%	$8.5B+11.5%	$7.6B+11.8%	$6.8B-16.8%	$8.2B+0.1%	$8.2B-5.9%	$8.7B+14.7%	$7.6B+2.8%	$7.3B+3.8%	$7.1B+3.1%	$6.9B+18.3%	$5.8B+13.8%	$5.1B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$56.2B+38.7%	$55.1B+40.5%	$41.3B+7.5%	$40.6B+3.6%	$40.5B+2.9%	$39.2B+1.7%	$38.4B-0.1%	$39.2B+5.2%
Current Assets	$14.8B+24.2%	$14.0B+12.6%	$12.4B+4.7%	$12.1B-0.2%	$11.9B-6.0%	$12.4B+4.9%	$11.8B+1.1%	$12.2B+10.6%
Cash & Equivalents	$483.0M+21.4%	$565.0M-68.2%	$622.0M+12.1%	$328.0M-30.7%	$398.0M-26.3%	$1.8B+275.7%	$555.0M+13.7%	$473.0M+35.9%
Short-Term Investments	$212.0M+14.0%	$186.0M+14.8%	$181.0M-88.1%	$237.0M-84.4%	$186.0M-91.7%	$162.0M-91.8%	$1.5B-28.1%	$1.5B-2.4%
Inventory	$5.4B+18.2%	$5.1B+17.2%	$4.7B+11.7%	$4.6B+10.4%	$4.6B+15.6%	$4.4B+13.5%	$4.2B+13.1%	$4.2B+12.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$20.2B+28.1%	$21.4B+44.1%	$15.8B+7.2%	$15.8B+5.1%	$15.8B+6.3%	$14.9B-0.2%	$14.7B-1.8%	$15.0B+1.8%
Total Liabilities	$35.9B+64.0%	$35.4B+70.8%	$21.8B+9.7%	$21.8B+8.4%	$21.9B+8.6%	$20.7B+7.6%	$19.9B+2.6%	$20.1B+6.4%
Current Liabilities	$11.9B+24.1%	$11.7B+23.3%	$9.4B+19.3%	$9.5B+19.3%	$9.6B+18.2%	$9.5B+25.1%	$7.9B+1.4%	$7.9B+5.0%
Non-Current Liabilities	$24.0B+95.5%	$23.6B+111.7%	$12.4B+3.5%	$12.3B+1.3%	$12.3B+2.1%	$11.1B-4.0%	$12.0B+3.3%	$12.1B+7.3%
Long-Term Debt	$18.5B+111.5%	$18.5B+143.6%	$8.8B+3.3%	$8.8B+0.9%	$8.8B+2.3%	$7.6B-7.1%	$8.5B+2.8%	$8.7B+6.5%
Total Equity	$20.3B+8.9%	$19.7B+6.6%	$19.4B+5.1%	$18.8B-1.4%	$18.6B-3.2%	$18.5B-4.1%	$18.5B-2.9%	$19.1B+4.0%
Retained Earnings	$11.5B+16.3%	$11.1B+10.9%	$10.7B+6.0%	$10.2B-1.9%	$9.9B-6.6%	$10.0B-5.3%	$10.1B-2.0%	$10.4B+6.8%

Not reported in any period shown, so not listed: Accounts Receivable.

ETN Cash Flow Statement

ETN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.0B	$4.5B+3.4%	$4.3B+19.4%	$3.6B+43.1%	$2.5B+17.1%	$2.2B-26.5%	$2.9B-14.7%	$3.5B+29.8%	$2.7B-0.3%	$2.7B+3.7%	$2.6B+6.7%	$2.4B+28.3%	$1.9B-17.8%	$2.3B+37.3%	$1.7B+33.3%	$1.2B
Depreciation & Amortization	N/A	$1.0B+9.2%	$921.0M-0.5%	$926.0M-2.9%	$954.0M+3.5%	$922.0M+13.7%	$811.0M-8.3%	$884.0M-2.1%	$903.0M-1.2%	$914.0M-1.6%	$929.0M+0.4%	$925.0M-5.9%	$983.0M-1.4%	$997.0M+66.7%	$598.0M+7.6%	$556.0M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.0M-18.2%	$11.0M0.0%	$11.0M-21.4%	$14.0M+16.7%	$12.0M0.0%	$12.0M+9.1%	$11.0M+57.1%	$7.0M+40.0%	$5.0M
Capital Expenditures	$1.0B	$919.0M+13.7%	$808.0M+6.7%	$757.0M+26.6%	$598.0M+4.0%	$575.0M+47.8%	$389.0M-33.7%	$587.0M+3.9%	$565.0M+8.7%	$520.0M+4.6%	$497.0M-1.8%	$506.0M-19.9%	$632.0M+2.9%	$614.0M+3.5%	$593.0M+4.4%	$568.0M
Free Cash Flow	$3.9B	$3.6B+1.0%	$3.5B+22.7%	$2.9B+48.2%	$1.9B+21.9%	$1.6B-37.8%	$2.6B-10.8%	$2.9B+36.8%	$2.1B-2.5%	$2.1B+3.5%	$2.1B+8.9%	$1.9B+52.7%	$1.2B-25.4%	$1.7B+56.0%	$1.1B+57.5%	$680.0M
Investing Cash Flow	-$12.3B	-$1.1B-306.3%	-$271.0M+89.5%	-$2.6B-114.6%	-$1.2B+32.0%	-$1.8B-544.3%	$397.0M+121.3%	-$1.9B-368.8%	-$398.0M-83.4%	-$217.0M+59.0%	-$529.0M+8.0%	-$575.0M-502.1%	$143.0M+170.8%	-$202.0M+97.1%	-$7.0B-771.5%	-$800.0M
Financing Cash Flow	$7.4B	-$3.2B+19.4%	-$3.9B-351.9%	-$871.0M+35.0%	-$1.3B-150.5%	-$535.0M+83.6%	-$3.3B-118.1%	-$1.5B+42.1%	-$2.6B-5.7%	-$2.4B-40.5%	-$1.7B+24.6%	-$2.3B-8.2%	-$2.1B-22.7%	-$1.7B-131.7%	$5.5B+1538.3%	-$381.0M
Dividends Paid	$1.7B	$1.6B+8.4%	$1.5B+8.8%	$1.4B+6.2%	$1.3B+6.6%	$1.2B+3.7%	$1.2B-2.2%	$1.2B+4.5%	$1.1B+7.6%	$1.1B+3.0%	$1.0B+1.1%	$1.0B+10.4%	$929.0M+16.7%	$796.0M+55.5%	$512.0M+10.8%	$462.0M
Share Buybacks	$555.0M	$1.9B-25.3%	$2.5B	$0-100.0%	$286.0M+134.4%	$122.0M-92.4%	$1.6B+56.3%	$1.0B-19.0%	$1.3B+49.5%	$850.0M+16.4%	$730.0M+7.0%	$682.0M+4.9%	$650.0M	$0-100.0%	-$159.0M-53.6%	$343.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.1B+22.8%	$507.0M+113.0%	$2.0B+23.0%	$1.4B+3.2%	$918.0M-3.0%	$238.0M-49.9%	$1.6B+23.0%	$1.3B+14.7%
Depreciation & Amortization	$134.0M+10.7%	$272.0M+17.2%	$255.0M+9.0%	$117.0M-46.6%	$121.0M-43.7%	$232.0M+3.1%	$234.0M+1.3%	$219.0M-4.4%
Capital Expenditures	$253.0M+25.2%	$193.0M+31.3%	$392.0M+53.7%	$178.0M-2.7%	$202.0M+8.0%	$147.0M-19.7%	$255.0M+4.9%	$183.0M-19.7%
Free Cash Flow	$874.0M+22.1%	$314.0M+245.1%	$1.6B+17.2%	$1.2B+4.2%	$716.0M-5.7%	$91.0M-68.8%	$1.3B+27.2%	$1.1B+23.3%
Investing Cash Flow	-$286.0M+83.4%	-$11.4B-1022.5%	-$318.0M-17.3%	-$293.0M-157.3%	-$1.7B-216.7%	$1.2B+3636.4%	-$271.0M+65.8%	$511.0M+168.0%
Financing Cash Flow	-$922.0M-103.5%	$10.8B+4524.6%	-$1.4B-9.4%	-$1.1B+39.8%	-$453.0M-49.5%	-$244.0M+54.5%	-$1.2B-241.8%	-$1.9B-370.3%
Dividends Paid	$443.0M+5.2%	$415.0M+4.5%	$404.0M+9.2%	$404.0M+8.0%	$421.0M+8.5%	$397.0M+7.9%	$370.0M+7.6%	$374.0M+9.0%
Share Buybacks	$0-100.0%	$0-100.0%	$193.0M-78.0%	$362.0M-58.7%	$692.0M+15.3%	$615.0M+345.7%	$877.0M	$877.0M

Not reported in any period shown, so not listed: Stock-Based Compensation.

ETN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ETN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	37.6%-0.6pp	38.2%+1.8pp	36.4%+3.2pp	33.2%+0.9pp	32.3%+1.8pp	30.5%-2.4pp	33.0%+0.1pp	32.9%+0.3pp	32.6%+0.4pp	32.2%+0.8pp	31.4%+0.8pp	30.6%+0.3pp	30.3%+0.5pp	29.8%0.0pp	29.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	17.2%+0.4pp	16.8%+1.1pp	15.8%+0.8pp	15.0%0.0pp	15.0%+0.3pp	14.7%+0.3pp	14.4%+0.8pp	13.6%-0.5pp	14.1%
Net Margin	14.9%-0.4pp	15.3%+1.4pp	13.9%+2.0pp	11.9%+0.9pp	10.9%+3.0pp	7.9%-2.4pp	10.3%+0.4pp	9.9%-4.7pp	14.6%+4.9pp	9.7%+0.2pp	9.5%+1.5pp	8.0%-0.5pp	8.5%+1.0pp	7.5%-0.9pp	8.4%
Return on Equity	21.0%+0.5pp	20.5%+3.6pp	16.9%+2.5pp	14.4%+1.4pp	13.1%+3.6pp	9.4%-4.3pp	13.8%+0.4pp	13.3%-4.0pp	17.3%+4.5pp	12.8%-0.2pp	13.0%+1.6pp	11.4%+0.3pp	11.2%+3.1pp	8.1%-10.0pp	18.1%
Return on Assets	9.9%0.0pp	9.9%+1.5pp	8.4%+1.3pp	7.0%+0.7pp	6.3%+1.9pp	4.4%-2.3pp	6.7%-0.2pp	6.9%-2.2pp	9.2%+2.8pp	6.3%-0.1pp	6.4%+1.0pp	5.4%+0.1pp	5.3%+1.9pp	3.4%-4.1pp	7.5%
Current Ratio	1.32-0.2x	1.500.0x	1.51+0.1x	1.38+0.3x	1.04-0.5x	1.56-0.1x	1.70+0.2x	1.47-0.2x	1.64+0.4x	1.28-0.1x	1.43-0.1x	1.51-0.3x	1.78+0.3x	1.43-0.2x	1.60
Debt-to-Equity	0.450.0x	0.460.0x	0.43-0.1x	0.49+0.1x	0.42-0.1x	0.470.0x	0.49+0.1x	0.420.0x	0.420.0x	0.45-0.1x	0.510.0x	0.510.0x	0.53-0.1x	0.65+0.2x	0.45
Asset Turnover	0.670.0x	0.650.0x	0.600.0x	0.590.0x	0.580.0x	0.56-0.1x	0.650.0x	0.69+0.1x	0.630.0x	0.650.0x	0.670.0x	0.67+0.1x	0.62+0.2x	0.46-0.4x	0.90
FCF Margin	12.9%-1.2pp	14.1%+1.8pp	12.4%+3.0pp	9.3%+1.2pp	8.1%-6.2pp	14.3%+0.9pp	13.4%+3.7pp	9.7%-0.8pp	10.5%0.0pp	10.5%+1.4pp	9.1%+3.6pp	5.5%-2.1pp	7.6%+1.0pp	6.6%+2.3pp	4.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	33.5%-3.5pp	35.6%-2.8pp	36.8%-2.1pp	38.3%-0.3pp	37.0%-1.0pp	38.4%+1.1pp	38.9%+1.5pp	38.6%+1.2pp
Net Margin	9.6%-4.3pp	11.6%-3.5pp	16.0%+0.5pp	14.4%-1.5pp	14.0%-1.7pp	15.1%+1.3pp	15.6%-0.3pp	15.9%+0.8pp
Return on Equity	4.0%-1.2pp	4.4%-0.8pp	5.8%+0.6pp	5.4%+0.1pp	5.3%+0.1pp	5.2%+1.0pp	5.3%+0.3pp	5.3%+0.4pp
Return on Assets	1.5%-1.0pp	1.6%-0.9pp	2.7%+0.2pp	2.5%-0.1pp	2.4%-0.1pp	2.5%+0.3pp	2.5%+0.1pp	2.6%+0.2pp
Current Ratio	1.240.0x	1.19-0.1x	1.32-0.2x	1.28-0.2x	1.24-0.3x	1.31-0.3x	1.500.0x	1.53+0.1x
Debt-to-Equity	0.91+0.4x	0.94+0.5x	0.450.0x	0.460.0x	0.470.0x	0.410.0x	0.460.0x	0.450.0x
Asset Turnover	0.150.0x	0.140.0x	0.170.0x	0.170.0x	0.170.0x	0.160.0x	0.160.0x	0.160.0x
FCF Margin	10.2%+0.1pp	4.2%+2.8pp	22.3%+0.8pp	16.8%-1.0pp	10.2%-1.8pp	1.4%-3.5pp	21.5%+3.8pp	17.8%+2.2pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Eaton Corporation plc ETN	FY2025	$27.4B	$4.1B	14.9%	$169.4B	39/100
GE Vernova GEV	FY2025	$38.1B	$4.9B	12.8%	$263.3B	48/100
Parker-Hannifin Corporation PH	FY2026	$21.5B	$3.6B	17.0%	$122.7B	64/100
Emerson Electric Co. EMR	FY2025	$18.0B	$2.3B	12.7%	$90.1B	36/100
Illinois Tool Works Inc. ITW	FY2025	$16.0B	$3.1B	19.1%	$74.9B	63/100
Rockwell Automation, Inc. ROK	FY2025	$8.3B	$869.0M	10.4%	$50.5B	58/100

Where Eaton Corporation plc Ranks

Frequently Asked Questions

What is Eaton Corporation plc's annual revenue?

Eaton Corporation plc (ETN) reported $27.4B in total revenue for fiscal year 2025. This represents a 10.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Eaton Corporation plc's revenue growing?

Eaton Corporation plc (ETN) revenue grew by 10.3% year-over-year, from $24.9B to $27.4B in fiscal year 2025.

Is Eaton Corporation plc profitable?

Yes, Eaton Corporation plc (ETN) reported a net income of $4.1B in fiscal year 2025, with a net profit margin of 14.9%.

How much debt does Eaton Corporation plc have?

As of fiscal year 2025, Eaton Corporation plc (ETN) had $622.0M in cash and equivalents against $8.8B in long-term debt.

What is Eaton Corporation plc's gross margin?

Eaton Corporation plc (ETN) had a gross margin of 37.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Eaton Corporation plc's net profit margin?

Eaton Corporation plc (ETN) had a net profit margin of 14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Eaton Corporation plc pay dividends?

Yes, Eaton Corporation plc (ETN) paid $4.16 per share in dividends during fiscal year 2025.

What is Eaton Corporation plc's return on equity (ROE)?

Eaton Corporation plc (ETN) has a return on equity of 21.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Eaton Corporation plc's free cash flow?

Eaton Corporation plc (ETN) generated $3.6B in free cash flow during fiscal year 2025. This represents a 1.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Eaton Corporation plc's operating cash flow?

Eaton Corporation plc (ETN) generated $4.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Eaton Corporation plc's total assets?

Eaton Corporation plc (ETN) had $41.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Eaton Corporation plc's capital expenditures?

Eaton Corporation plc (ETN) invested $919.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Eaton Corporation plc spend on research and development?

Eaton Corporation plc (ETN) invested $797.0M in research and development during fiscal year 2025.

Does Eaton Corporation plc buy back shares?

Yes, Eaton Corporation plc (ETN) spent $1.9B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Eaton Corporation plc have outstanding?

Eaton Corporation plc (ETN) had 388M shares outstanding as of fiscal year 2025.

What is Eaton Corporation plc's current ratio?

Eaton Corporation plc (ETN) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.

What is Eaton Corporation plc's debt-to-equity ratio?

Eaton Corporation plc (ETN) had a debt-to-equity ratio of 0.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eaton Corporation plc's return on assets (ROA)?

Eaton Corporation plc (ETN) had a return on assets of 9.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Eaton Corporation plc's P/E ratio?

Eaton Corporation plc (ETN) trades at 44.2x earnings, its market capitalization divided by net income of $3.8B net income, trailing 12 months to June 30, 2026. The market capitalization is $169.4B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Eaton Corporation plc's price-to-sales ratio?

Eaton Corporation plc (ETN) trades at 5.6x sales, its market capitalization divided by revenue of $30.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $169.4B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Eaton Corporation plc's Piotroski F-Score?

Eaton Corporation plc (ETN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Eaton Corporation plc's earnings high quality?

Eaton Corporation plc (ETN) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Eaton Corporation plc?

Eaton Corporation plc (ETN) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.