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Stocks · Industrials · Misc Industrial & Commercial Machinery & Equipment

Eaton Corporation

ETN Clue Score68
Ireland Fiscal year ends December CIK 0001551182
$429.65 +1.21% Close, 9 Oct 2026
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Price $429.65 +181.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue19.75Operating income2.96Net income1.92EPS, diluted4.20Fiscal year 2017Revenue20.40 +3.3%Operating income3.21Net income2.99 +55.6%EPS, diluted6.68 +59.0%Fiscal year 2018Revenue21.61 +5.9%Operating income3.63Net income2.15 −28.2%EPS, diluted4.91 −26.5%Fiscal year 2019Revenue21.39 −1.0%Operating income3.68Net income2.21 +3.1%EPS, diluted5.25 +6.9%Fiscal year 2020Revenue17.86 −16.5%Net income1.41 −36.2%EPS, diluted3.49 −33.5%Fiscal year 2021Revenue19.63 +9.9%Net income2.14 +52.1%EPS, diluted5.34 +53.0%Fiscal year 2022Revenue20.75 +5.7%Net income2.46 +14.8%EPS, diluted6.14 +15.0%Fiscal year 2023Revenue23.20 +11.8%Net income3.22 +30.7%EPS, diluted8.02 +30.6%Fiscal year 2024Revenue24.88 +7.3%Net income3.79 +17.9%EPS, diluted9.50 +18.5%Fiscal year 2025Revenue27.45 +10.3%Net income4.09 +7.7%EPS, diluted10.45 +10.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 19.75 20.40 21.61 21.39 17.86 19.63 20.75 23.20 24.88 27.45
Growth +3.3% +5.9% −1.0% −16.5% +9.9% +5.7% +11.8% +7.3% +10.3%
Operating income 2.96 3.21 3.63 3.68 n/a n/a n/a n/a n/a n/a
Net income 1.92 2.99 2.15 2.21 1.41 2.14 2.46 3.22 3.79 4.09
Growth +55.6% −28.2% +3.1% −36.2% +52.1% +14.8% +30.7% +17.9% +7.7%
EPS, diluted 4.20 6.68 4.91 5.25 3.49 5.34 6.14 8.02 9.50 10.45
Growth +59.0% −26.5% +6.9% −33.5% +53.0% +15.0% +30.6% +18.5% +10.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin15.0%Net margin9.7%Free cash flow margin10.5%Fiscal year 2017Operating margin15.8%Net margin14.6%Free cash flow margin10.5%Fiscal year 2018Operating margin16.8%Net margin9.9%Free cash flow margin9.7%Fiscal year 2019Operating margin17.2%Net margin10.3%Free cash flow margin13.4%Fiscal year 2020Net margin7.9%Free cash flow margin14.3%Fiscal year 2021Net margin10.9%Free cash flow margin8.1%Fiscal year 2022Net margin11.9%Free cash flow margin9.3%Fiscal year 2023Net margin13.9%Free cash flow margin12.4%Fiscal year 2024Net margin15.3%Free cash flow margin14.1%Fiscal year 2025Net margin14.9%Free cash flow margin12.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 15.0% 15.8% 16.8% 17.2% n/a n/a n/a n/a n/a n/a
Net margin 9.7% 14.6% 9.9% 10.3% 7.9% 10.9% 11.9% 13.9% 15.3% 14.9%
Free cash flow margin 10.5% 10.5% 9.7% 13.4% 14.3% 8.1% 9.3% 12.4% 14.1% 12.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.57Capital expenditure−0.50Free cash flow2.07Buybacks−0.73Dividends paid−1.04Fiscal year 2017Operating cash flow2.67Capital expenditure−0.52Free cash flow2.15 +3.5%Buybacks−0.85Dividends paid−1.07Fiscal year 2018Operating cash flow2.66Capital expenditure−0.57Free cash flow2.09 −2.5%Buybacks−1.27Dividends paid−1.15Fiscal year 2019Operating cash flow3.45Capital expenditure−0.59Free cash flow2.86 +36.8%Buybacks−1.03Dividends paid−1.20Fiscal year 2020Operating cash flow2.94Capital expenditure−0.39Free cash flow2.56 −10.8%Buybacks−1.61Dividends paid−1.18Fiscal year 2021Operating cash flow2.16Capital expenditure−0.58Free cash flow1.59 −37.8%Buybacks−0.12Dividends paid−1.22Fiscal year 2022Operating cash flow2.53Capital expenditure−0.60Free cash flow1.94 +21.9%Buybacks−0.29Dividends paid−1.30Fiscal year 2023Operating cash flow3.62Capital expenditure−0.76Free cash flow2.87 +48.2%Buybacks0.00Dividends paid−1.38Fiscal year 2024Operating cash flow4.33Capital expenditure−0.81Free cash flow3.52 +22.7%Buybacks−2.49Dividends paid−1.50Fiscal year 2025Operating cash flow4.47Capital expenditure−0.92Free cash flow3.55 +1.0%Buybacks−1.86Dividends paid−1.63
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.57 2.67 2.66 3.45 2.94 2.16 2.53 3.62 4.33 4.47
Capital expenditure −0.50 −0.52 −0.57 −0.59 −0.39 −0.58 −0.60 −0.76 −0.81 −0.92
Free cash flow 2.07 2.15 2.09 2.86 2.56 1.59 1.94 2.87 3.52 3.55
Growth +3.5% −2.5% +36.8% −10.8% −37.8% +21.9% +48.2% +22.7% +1.0%
Buybacks −0.73 −0.85 −1.27 −1.03 −1.61 −0.12 −0.29 0.00 −2.49 −1.86
Dividends paid −1.04 −1.07 −1.15 −1.20 −1.18 −1.22 −1.30 −1.38 −1.50 −1.63

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.54Total debt8.26Net cash (debt)−7.72Shareholders’ equity14.95Debt to equity0.55Fiscal year 2017Cash0.56Total debt7.75Net cash (debt)−7.18Shareholders’ equity17.25Debt to equity0.45Fiscal year 2018Cash0.28Total debt7.11Net cash (debt)−6.82Shareholders’ equity16.11Debt to equity0.44Fiscal year 2019Cash0.37Total debt8.07Net cash (debt)−7.70Shareholders’ equity16.08Debt to equity0.50Fiscal year 2020Cash0.44Total debt8.06Net cash (debt)−7.62Shareholders’ equity14.93Debt to equity0.54Fiscal year 2021Cash0.30Total debt8.57Net cash (debt)−8.27Shareholders’ equity16.41Debt to equity0.52Fiscal year 2022Cash0.29Total debt8.33Net cash (debt)−8.04Shareholders’ equity17.04Debt to equity0.49Fiscal year 2023Cash0.49Total debt9.26Net cash (debt)−8.77Shareholders’ equity19.04Debt to equity0.49Fiscal year 2024Cash0.56Total debt9.15Net cash (debt)−8.60Shareholders’ equity18.49Debt to equity0.50Fiscal year 2025Cash0.62Total debt9.89Net cash (debt)−9.27Shareholders’ equity19.43Debt to equity0.51
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.54 0.56 0.28 0.37 0.44 0.30 0.29 0.49 0.56 0.62
Total debt 8.26 7.75 7.11 8.07 8.06 8.57 8.33 9.26 9.15 9.89
Net cash (debt) −7.72 −7.18 −6.82 −7.70 −7.62 −8.27 −8.04 −8.77 −8.60 −9.27
Shareholders’ equity 14.95 17.25 16.11 16.08 14.93 16.41 17.04 19.04 18.49 19.43
Debt to equity 0.55 0.45 0.44 0.50 0.54 0.52 0.49 0.49 0.50 0.51

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.0% 15.8% 16.8% 17.2% n/a n/a n/a n/a n/a n/a
10.7% 16.5% 11.2% 12.1% 9.8% 14.8% 14.0% 16.5% 18.4% 18.0%
9.7% 14.6% 9.9% 10.3% 7.9% 10.9% 11.9% 13.9% 15.3% 14.9%
10.5% 10.5% 9.7% 13.4% 14.3% 8.1% 9.3% 12.4% 14.1% 12.9%
Spending
3.0% 2.9% 2.7% 2.8% 3.1% 3.1% 3.2% 3.3% 3.2% 2.9%
17.5% 17.3% 16.4% 16.8% 17.2% 16.6% 15.6% 16.4% 16.4% 15.7%
2.5% 2.5% 2.6% 2.7% 2.2% 2.9% 2.9% 3.3% 3.2% 3.3%
9.4% 11.3% 11.5% 14.6% 19.0% 25.9% 15.3% 15.8% 16.8% 17.1%
Returns
12.8% 17.3% 13.3% 13.7% 9.4% 13.1% 14.5% 16.9% 20.5% 21.0%
6.3% 9.2% 6.9% 6.7% 4.4% 6.3% 7.0% 8.4% 9.9% 9.9%
Balance and payout
0.55 0.45 0.44 0.50 0.54 0.52 0.49 0.49 0.50 0.51
54.0% 35.8% 53.6% 54.3% 83.3% 56.9% 52.8% 42.9% 39.5% 39.8%
85.2% 89.4% 115.6% 77.9% 108.9% 84.4% 81.9% 48.1% 113.4% 98.2%