Financials · ETN

Eaton Corporation PLC (ETN) financials

For the twelve months ended Sep 30, 2026, Eaton Corporation PLC reported $31.98B of revenue and $3.90B of net income.

Revenue, TTM
$31.98B
Revenue growth, YoY
+20.1%
Net income, TTM
$3.90B
Net income growth, YoY
-0.7%
Net margin
12.2%
Free cash flow, TTM
$3.79B
EPS, diluted, TTM
$10.00
EPS growth, YoY
+0.0%
Cash
$528.00M
Total debt
$19.40B
P/E
34.03
P/S
4.15
Market cap
$132.76B
Annual revenue$27.45B
FY2016FY2025
Annual net income$4.09B
FY2016FY2025
Annual free cash flow$3.55B
FY2016FY2025

ETN revenue and earnings growth

ETN revenueQ3 2026$8.95B

Quarter YoY
+28.0%
QoQ
+4.9%
FY YoY
+10.3%
5Y CAGR
+9.0%
10Y CAGR
+2.8%

ETN revenue was $8.95B in fiscal Q3 2026 (ended Sep 30, 2026), up 28.0% from a year earlier and up 4.9% from the prior quarter. For the full fiscal 2025 it was $27.45B, up 10.3% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +2.8% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ETN net incomeQ3 2026$1.08B

Quarter YoY
+6.7%
QoQ
+31.0%
FY YoY
+7.7%
5Y CAGR
+23.7%
10Y CAGR
+7.6%

ETN net income was $1.08B in fiscal Q3 2026 (ended Sep 30, 2026), up 6.7% from a year earlier and up 31.0% from the prior quarter. For the full fiscal 2025 it was $4.09B, up 7.7% from fiscal 2024. Compound annual growth was +23.7% over 5 years and +7.6% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ETN EPSQ3 2026$2.77

Quarter YoY
+6.9%
QoQ
+31.3%
FY YoY
+10.0%
5Y CAGR
+24.5%
10Y CAGR
+9.5%

ETN diluted EPS was $2.77 in fiscal Q3 2026 (ended Sep 30, 2026), up 6.9% from a year earlier and up 31.3% from the prior quarter. For the full fiscal 2025 it was $10.45, up 10.0% from fiscal 2024. Compound annual growth was +24.5% over 5 years and +9.5% over 10 years.

ETN free cash flowQ3 2026$1.03B

Quarter YoY
-11.8%
QoQ
+18.3%
FY YoY
+1.0%
5Y CAGR
+6.8%
10Y CAGR
+6.4%

ETN free cash flow was $1.03B in fiscal Q3 2026 (ended Sep 30, 2026), down 11.8% from a year earlier and up 18.3% from the prior quarter. For the full fiscal 2025 it was $3.55B, up 1.0% from fiscal 2024. Compound annual growth was +6.8% over 5 years and +6.4% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
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
Research and development$797.00M$794.00M$754.00M$665.00M$616.00M$551.00M$606.00M$584.00M$584.00M$587.00M
Selling, general and admin$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$241.00M$130.00M$151.00M-$144.00M$149.00M$199.00M---
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$841.00M$768.00M$604.00M$445.00M$750.00M$331.00M$378.00M$278.00M$382.00M$199.00M
Net income$4.09B$3.79B$3.22B$2.46B$2.14B$1.41B$2.21B$2.15B$2.98B$1.92B
EPS, basic$10.48$9.54$8.06$6.17$5.38$3.51$5.28$4.93$6.71$4.21
EPS, diluted$10.45$9.50$8.02$6.14$5.34$3.49$5.25$4.91$6.68$4.20
Diluted shares391.2M399.4M401.1M400.8M401.6M404.0M420.8M436.9M447.0M456.5M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$622.00M$555.00M$488.00M$294.00M$297.00M$438.00M$370.00M$283.00M$561.00M$543.00M
Short-term investments$181.00M$1.52B$2.12B$261.00M$271.00M$664.00M$221.00M$157.00M$534.00M$203.00M
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
Current assets$12.36B$11.80B$11.68B$8.75B$7.51B$9.18B$8.73B$7.59B$8.34B$7.03B
Goodwill$15.77B$14.71B$14.98B$14.80B$14.75B$12.90B$13.46B$13.33B$13.57B$13.20B
Total assets$41.25B$38.38B$38.43B$35.01B$34.03B$31.82B$32.80B$31.09B$32.62B$30.48B
Current liabilities$9.37B$7.86B$7.75B$6.36B$7.21B$5.88B$5.13B$5.15B$5.08B$5.49B
Short-term debt$1.00M$0$8.00M$324.00M$13.00M$1.00M$255.00M$414.00M$6.00M$14.00M
Long-term debt$8.76B$8.48B$8.24B$8.32B$6.83B$7.01B$7.82B$6.77B$7.17B$6.71B
Total debt$8.76B$8.48B$8.25B$8.64B$6.84B$7.01B$8.07B$7.18B$7.17B$6.72B
Total liabilities$21.78B$19.85B$19.36B$17.94B$17.58B$16.85B$16.67B$14.95B$15.33B$15.48B
Shareholders' equity$19.43B$18.53B$19.07B$17.07B$16.45B$14.97B$16.13B$16.14B$17.29B$15.00B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$4.47B$4.33B$3.62B$2.53B$2.16B$2.94B$3.45B$2.66B$2.67B$2.57B
Capital expenditures$919.00M$808.00M$757.00M$598.00M$575.00M$389.00M$587.00M$565.00M$520.00M$497.00M
Free cash flow$3.55B$3.52B$2.87B$1.94B$1.59B$2.56B$2.86B$2.09B$2.15B$2.07B
Investing cash flow-$1.10B-$271.00M-$2.58B-$1.20B-$1.76B$397.00M-$1.87B-$398.00M-$217.00M-$529.00M
Financing cash flow-$3.17B-$3.94B-$871.00M-$1.34B-$535.00M-$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
Share repurchases$1.86B$2.49B$0$286.00M$122.00M$1.61B$1.03B$1.27B$850.00M$730.00M
Depreciation and amortization$1.01B$921.00M$926.00M$954.00M$922.00M$811.00M$884.00M$903.00M$914.00M$929.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY10.3%7.3%11.8%5.7%9.9%-16.5%-1.0%5.9%3.3%-5.3%
Net income growth, YoY7.7%17.9%30.7%14.8%52.1%-36.2%3.1%-28.1%55.8%-2.8%
EPS growth, YoY10.0%18.5%30.6%15.0%53.0%-33.5%6.9%-26.5%59.0%-0.5%
Gross margin37.6%38.2%36.4%33.2%32.3%30.5%33.0%32.8%32.6%32.2%
Operating margin------17.2%16.8%15.8%15.0%
Net margin14.9%15.3%13.9%11.9%10.9%7.9%10.3%9.9%14.6%9.7%
Free cash flow margin12.9%14.1%12.4%9.3%8.1%14.3%13.4%9.7%10.5%10.5%
Return on equity21.0%20.5%16.9%14.4%13.0%9.4%13.7%13.3%17.3%12.8%
Return on assets9.9%9.9%8.4%7.0%6.3%4.4%6.7%6.9%9.1%6.3%
Current ratio1.321.501.511.381.041.561.701.471.641.28
Debt to equity0.450.460.430.510.420.470.500.440.410.45

Source: XBRL data Eaton Corporation PLC files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ETN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ETN$31.98B+20.1%$3.90B12.2%$132.76B
ASML€32.67B+15.6%€9.61B29.4%$549.12B
TMO$47.35B+8.3%$7.07B14.9%$257.42B
LRCX$26.13B+33.4%$8.45B32.3%$250.38B
DE$47.98B+8.0%$4.87B10.2%$181.09B
DHR$25.61B+5.5%$4.33B16.9%$161.98B
JCI$24.43B+5.1%$3.53B14.5%$81.79B
ITW$16.65B+4.8%$3.23B19.4%$79.84B
NOC$43.59B+6.5%$4.52B10.4%$74.58B

ETN FAQ

9 questions
  • What is ETN revenue?
    Eaton Corporation PLC (ETN) reported $31.98B of revenue for the twelve months ended Sep 30, 2026. That is up 20.1% from the year before. Revenue for fiscal 2025 was $27.45B.
  • Is ETN profitable?
    Yes. Eaton Corporation PLC earned $3.90B in net income for the twelve months ended Sep 30, 2026, a net margin of 12.2%.
  • How much cash and debt does ETN have?
    Eaton Corporation PLC reported $528.00M in cash and cash equivalents and $19.40B of debt on its most recent balance sheet in SEC filings.
  • How fast is ETN revenue growing?
    Eaton Corporation PLC's revenue changed +10.3% in fiscal 2025, to $27.45B. Its compound annual growth rate was +9.0% over 5 years and +2.8% over 10 years.
  • What is ETN gross margin?
    Eaton Corporation PLC's gross profit was $11.21B on $31.98B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 35.0%.
  • What is ETN free cash flow?
    Eaton Corporation PLC generated $3.79B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.91B less capital expenditures.
  • What is ETN earnings per share?
    Diluted earnings per share were $10.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ETN last report financial results?
    The latest statements here come from Eaton Corporation PLC's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this ETN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Eaton Corporation PLC files with the SEC. It is provided for information only and is not investment advice.