— Know what they know.
/
Not Investment Advice

ETN

NYSE · USD
Eaton Corporation plc
Industrials · Electrical Equipment & Parts
CEO Paulo Ruiz Sternadt Employees 97,000 R&D / revenue 2.9%
Last price
$391.25−2.79%last session
Market cap
$152.0B
P/E (TTM)
39.7x
From 52w high
−18.1%
From 52w low
+25.4%
1-year return
+5.3%
RSI 14 · vs SMA200
34.9 · −0.4%
IS score
60.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

ETN   SPY   XLI (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111ETN 105

Score DNA

Each bar is a 0-100 score within the scored universe
51
Profitability
51
Growth
34
Value
78
Momentum
90
Risk (safety)
69
Quality
49
Balance sheet
73
Earnings quality

Flags

Strengths
✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for ETN (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 5 / 9Altman Z 4.0Beta 1.174 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
4
$0.48M bought
Form 144 notices (12m): 9, $31.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
6
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+157
297 new holders, 110 closed
2,656 filers hold 85.5% · 1,111 added, 902 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+180
539 funds adding shares
359 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
42.0%
20-day avg 55.8%, 50-day avg 55.9%
Latest 13.8 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$27.4B
Revenue growth YoY+10.3%
Gross margin37.6%
Operating income$5.2B
Operating margin19.1%
Net income$4.1B
Net margin14.9%
EPS (diluted)$10.46
Cash flow
Operating cash flow$4.5B
Capital expenditure$0
Free cash flow$4.5B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation−$50.0M
FCF less SBC$4.5B
Buybacks$1.9B
Dividends$1.6B
Balance sheet & returns
Cash & short-term investments$803.0M
Total debt$10.5B
Net debt$9.7B
Shareholders' equity$19.5B
Goodwill & intangibles$20.8B
Debt / equity1.05
ROE (TTM)19.6%
ROIC (TTM)9.1%
Operating margin by fiscal year
14.6%FY202115.6%FY202217.1%FY202319.6%FY202419.1%FY2025
Revenue $19.6B (FY2021) to $27.4B (FY2025), a 8.7% CAGR.

Valuation

P/E (TTM)39.7x
EV / EBITDA26.8x
Price / sales5.06x
Price / FCF33.7x
FCF yield2.96%
Buyback yield1.23%
SBC / revenue-0.2%
Price / book7.50x
Forward P/E FY202628.8x
Forward P/E FY202724.1x
Forward P/E FY202820.6x
Forward multiples divide today's price by Street EPS estimates. Street mean target $505.57 across 7 analysts last quarter is theirs, not ours.

ETN vs industry median

160 companies in Electrical Equipment & Parts
Gross margin 35.9% 29.1% Operating margin 17.7% -2.0% Net margin 12.8% -6.5% ROIC 9.1% 2.6%
ETN (TTM)Industry median Asset turnover 0.53 vs industry 0.64 · financial leverage 2.77

Earnings delivery

Next report 2026-11-03 · consensus EPS $3.54
100%
beat rate, 12 of 12 quarters
+2.0%
median EPS surprise
12
longest beat streak
+6+3+5+5+1+0+0+1+1+1+3+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-31 to 2026-07-31. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
ETN Eaton Corporation plc $152.0B39.7x19.6%12.8%+10.3% +5.3%
VRT Vertiv Holdings Co $79.5B45.7x43.9%15.2%+26.2% +16.2%
BE Bloom Energy Corporation $65.2B264.8x22.2%18.4%+91.0% +92.3%
AME AMETEK, Inc. $56.9B36.1x14.6%19.9%+12.7% +35.3%
HUBB Hubbell Incorporated $24.4B27.2x24.3%14.0%+10.6% +7.9%
NVT nVent Electric plc $23.0B38.5x15.9%14.7%+46.2% —
BA The Boeing Company $150.3B71.2x173.6%-1.8%+24.8% —
UNP Union Pacific Corporation $171.7B23.4x39.7%29.0%+4.2% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-10-16Other Events; Exhibits
2026-10-05Officer/Director Change
2026-07-31Earnings Release; Exhibits
2026-06-11Regulation FD; Other Events; Exhibits
2026-05-05Earnings Release; Exhibits
2026-04-23Shareholder Vote

Context

Shares outstanding388,400,000
Free float99.8%
Institutional ownership85.5%
Beta1.17
Dividend yield1.11%
Last dividend$1.10 on 2026-08-07
50 / 200-day average$424.86 / $393.81
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where ETN sits among 28 scored companies in Electrical Equipment & Parts (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureETNIndustry medianIndustry percentileSector median
P/E (TTM) 39.7x 29.3x
73rd		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 2.99 2.07
60th		 1.42
Price / sales 5.1x 3.1x
69th		 2.0x
Price / book 7.5x 3.2x
80th		 2.9x
Price / tangible book —
Price / free cash flow 33.7x 27.0x
62nd		 20.8x
Price / operating cash flow 30.7x 23.7x
71st		 14.5x
Enterprise value $172.6B $1.7B
100th		 $4.8B
EV / sales 5.7x 3.5x
76th		 2.4x
EV / EBITDA 26.7x 21.3x
80th		 13.6x
EV / EBIT 32.7x 26.5x
80th		 19.9x
EV / free cash flow 38.3x 32.2x
62nd		 24.3x
Earnings yield 2.5% 2.0%
59th		 3.3%
FCF yield 3.0% 1.8%
63rd		 3.8%
Operating cash flow yield 3.3% 2.9%
56th		 6.2%
Graham number (per share) $107.26 $39.62
80th		 $38.21

Profitability (TTM)

MeasureETNIndustry medianIndustry percentileSector median
Gross margin 35.9% 28.6%
78th		 30.5%
EBITDA margin 21.5% 10.0%
80th		 14.3%
Operating margin 17.7% 7.4%
80th		 9.8%
EBIT margin 17.6% 7.2%
80th		 9.9%
Net margin 12.8% 4.1%
77th		 6.0%
NOPAT margin 14.0% 6.7%
76th		 7.8%
FCF margin 15.0% 5.5%
72nd		 7.0%
Operating cash flow margin 16.5% 7.0%
68th		 11.2%
R&D / revenue 2.8% 2.8%
50th		 0.0%
SG&A / revenue 15.4% 19.3%
33rd		 14.1%
Stock comp / revenue —
Effective tax rate 20.6% 21.0%
23rd		 21.0%

Returns on capital

MeasureETNIndustry medianIndustry percentileSector median
ROE (on average equity) 19.7% 9.7%
76th		 11.9%
ROA 7.9% 3.6%
70th		 4.8%
ROIC 10.3% 9.3%
52nd		 8.7%
ROCE 11.9% 6.7%
74th		 9.4%
Return on tangible assets 10.9% 6.0%
74th		 7.9%
Cash ROIC (OCF / invested capital) 12.1% 8.2%
64th		 12.8%
Gross profitability (GP / assets) 19.2% 17.0%
63rd		 19.2%
ROIC, 3-yr average 10.1% 7.6%
63rd		 7.8%
ROIC, 5-yr average 10.5% 9.5%
59th		 8.6%
ROE, 5-yr average 17.6% 10.5%
82nd		 12.5%
Incremental ROIC 9.7% 9.3%
52nd		 20.5%

Growth

MeasureETNIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 15.5% 15.5%
50th		 8.6%
Revenue growth (QoQ) 14.5% 12.9%
58th		 9.9%
Revenue CAGR, 3 yr 10.8% 8.9%
52nd		 5.0%
Revenue CAGR, 5 yr 9.4% 9.8%
45th		 8.3%
Gross profit CAGR, 3 yr 12.3% 9.0%
67th		 6.5%
Operating income CAGR, 3 yr 13.8% 11.3%
64th		 6.4%
Net income growth (TTM YoY) -2.4% 16.7%
7th		 11.3%
Net income CAGR, 3 yr 12.2% 12.2%
50th		 6.6%
EPS growth (TTM YoY) -1.7% 15.4%
13th		 13.3%
EPS CAGR, 3 yr 13.3% 13.0%
58th		 5.6%
EPS CAGR, 5 yr 15.9% 15.9%
50th		 8.3%
FCF growth (TTM YoY) 24.3% 14.8%
56th		 14.7%
FCF CAGR, 3 yr 18.5% 12.1%
69th		 12.2%
Operating cash flow CAGR, 3 yr 14.1% 11.8%
69th		 8.8%
Book value CAGR, 3 yr 5.1% 8.5%
38th		 7.3%
Dividend CAGR, 3 yr 3.1% 2.7%
57th		 2.7%
Sustainable growth rate 11.1% 12.1%
40th		 11.0%

Margin history & stability

MeasureETNIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 37.2% 28.1%
84th		 30.6%
Operating margin, 3-yr average 18.5% 6.9%
88th		 10.0%
Net margin, 3-yr average 14.3% 4.3%
84th		 6.2%
FCF margin, 3-yr average 13.8% 7.1%
76th		 7.1%
Revenue stability (0-1) 0.95 0.71
89th		 0.81
Earnings stability (0-1) 0.92 0.70
85th		 0.47
Margin stability (0-1) 0.93 0.82
72nd		 0.90

Liquidity (latest quarter)

MeasureETNIndustry medianIndustry percentileSector median
Cash & short-term investments $695.0M $371.9M
89th		 $249.6M
Net cash (− = net debt) −$20.6B −$153.5M
0th		 −$666.5M
Working capital $2.9B $592.2M
96th		 $376.4M
Current ratio 1.24 2.58
7th		 1.79
Quick ratio 0.79 1.83
4th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.06 0.62
0th		 0.32
Defensive interval (days) 492 days 753 days
26th		 614 days

Leverage & solvency (latest quarter)

MeasureETNIndustry medianIndustry percentileSector median
Total debt $21.3B $589.2M
100th		 $919.8M
Debt / equity 1.05 0.47
72nd		 0.65
Net debt / equity 1.02 0.11
80th		 0.46
Debt / assets 38.0% 24.6%
70th		 29.3%
Debt / capital 51.3% 31.8%
72nd		 39.5%
Debt / EBITDA 3.30 1.54
73rd		 2.44
Net debt / EBITDA 3.20 0.52
80th		 1.86
Interest coverage (EBIT / interest) 11.9x 4.3x
77th		 5.0x
Cash interest coverage 11.1x 4.2x
73rd		 6.1x
Debt payback (years of OCF) 4.3 yrs 2.0 yrs
65th		 3.2 yrs
Liabilities / assets 63.9% 49.4%
63rd		 56.7%
IS credit model rating A — —
Implied credit spread (bps) 150 150
33rd		 200

Efficiency

MeasureETNIndustry medianIndustry percentileSector median
Asset turnover 0.62 0.66
44th		 0.75
Fixed asset turnover 5.40 5.53
48th		 5.14
Inventory turnover 3.8 3.6
56th		 5.0
Receivables turnover 4.9 6.3
19th		 6.7
Days sales outstanding 74 days 58 days
81st		 54 days
Days inventory outstanding 95 days 100 days
46th		 72 days
Days payables outstanding 87 days 53 days
81st		 41 days
Cash conversion cycle (days) 82 days 98 days
38th		 63 days
Capex / revenue 1.5% 3.7%
8th		 3.0%
Capex / depreciation 0.38 1.09
12th		 0.76
Operating expense ratio 17.1% 23.6%
28th		 17.7%

Cash flow & earnings quality

MeasureETNIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.29 1.51
27th		 1.50
FCF / net income 1.18 1.27
40th		 1.15
FCF / operating cash flow 91.0% 84.8%
81st		 74.0%
Capex / operating cash flow 9.0% 15.2%
19th		 26.1%
Accruals ratio -2.3% -4.2%
74th		 -4.0%
Sloan accruals ratio -1.3% 2.5%
37th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
40th		 1.00

Dividends & buybacks

MeasureETNIndustry medianIndustry percentileSector median
Dividend yield 1.1% 0.0%
89th		 0.6%
Dividend per share (TTM) $4.34 $0.00
96th		 $0.44
Payout ratio (dividends / net income) 43.5% 8.6%
93rd		 22.5%
Dividends / FCF 37.0% 7.9%
88th		 19.6%
Dividend growth (YoY) 7.5% 3.2%
64th		 5.6%
Buyback yield -0.8% 0.0%
0th		 0.5%
Shareholder yield (dividends + buybacks) 0.3% 0.2%
52nd		 2.0%
Share count change (YoY) -0.8% 3.8%
22nd		 0.0%
Buybacks, last 5 years $3.8B $63,000
100th		 $76.0M

Scores & forensic checks

MeasureETNIndustry medianIndustry percentileSector median
IS score 61 58
67th		 53
IS profitability 51 29
63rd		 37
IS growth 51 61
15th		 54
IS value 34 42
30th		 47
IS momentum 78 80
38th		 76
IS risk (safety) 90 95
44th		 80
IS quality 69 59
63rd		 67
IS balance sheet 49 64
41st		 56
IS earnings quality 73 59
78th		 70
IS cash flow 67 44
74th		 54
Piotroski F-score (0-9) 5 6
30th		 6
Altman Z-score 4.0 4.2
48th		 3.3
Beneish M-score −2.18 −2.28
54th		 −2.52
Ohlson O-score −7.96 −7.76
37th		 −7.49
IS credit score 71 71
44th		 65

Per share

MeasureETNIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.83 $0.80
93rd		 $2.21
Book value per share $52.00 $12.13
85th		 $18.38
Tangible book per share −$32.28 $1.80
7th		 $4.39
Revenue per share $77.09 $15.11
81st		 $36.64
FCF per share $11.56 $1.43
89th		 $2.70
Operating cash flow per share $12.71 $1.83
85th		 $4.28
Cash per share $1.78 $2.50
33rd		 $3.02

Size (TTM)

MeasureETNIndustry medianIndustry percentileSector median
Market cap $152.0B $1.6B
100th		 $3.9B
Revenue $30.0B $810.4M
100th		 $2.7B
EBITDA $6.5B $71.4M
100th		 $394.8M
Net income $3.8B $28.6M
100th		 $136.3M
Free cash flow $4.5B $37.9M
100th		 $162.9M
Total assets $56.2B $1.5B
100th		 $3.5B
Shareholders' equity $20.3B $600.6M
100th		 $1.4B
Employees 97,303 2,411
100th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-06Trabacchin Andrea
See Remarks below
 — 525——0
2026-10-02Wadecki Adam A
See Remarks below.
 Option exercise 997——2,051
2026-10-02Wadecki Adam A
See Remarks below.
 Tax withholding 390$442.83$172,7041,661
2026-10-02Wadecki Adam A
See Remarks below.
 Option exercise 997——0
2026-09-01Black Shawn M
See Remarks below.
 Award / grant 4,605——4,605
2026-08-13Johnson Gerald
Director
 Open-market buy 130$455.90$59,2671,829
2026-08-12Johnson Gerald
Director
 Open-market buy 70$469.93$32,8951,699
2026-08-11Monesmith Heath B.
See Remarks below.
 Option exercise 764$130.86$99,97750,586
2026-08-11Monesmith Heath B.
See Remarks below.
 Tax withholding 218$458.15$99,87850,368
2026-08-11Monesmith Heath B.
See Remarks below.
 Option exercise 18,036$130.86$2.4M68,404
2026-08-11Monesmith Heath B.
See Remarks below.
 Open-market sale 18,036$458.04$8.3M50,368
2026-08-11Monesmith Heath B.
See Remarks below.
 Option exercise 658$151.76$99,85851,026

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1210,590—
Open-market buyAcquired41,161$482,360
Open-market saleDisposed639,589$17.1M
Option exerciseAcquired1627,638$2.8M
Option exerciseDisposed1627,638$2.8M
Tax withholdingDisposed152,848$1.2M
—Disposed2525—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 74,498 shares · $31.0M
FiledFilerShares proposedEst. proceeds
2026-08-11Monesmith Heath B.18,036$8.3M
2026-05-13Galvao Antonio494$200,492
2026-05-06Monesmith Heath B.18,367$7.5M
2026-05-06Denk Peter2,000$835,880
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 40 trades (18 purchases) · Senate 7 (7 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-10Kevin HernHouseSale$1,001 - $15,0002026-09-28
2026-09-10Kevin HernHouseSale$1,001 - $15,0002026-09-25
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2026-01-29John BoozmanSenatePurchase$1,001 - $15,0002026-02-15
2026-01-29John BoozmanSenatePurchase$1,001 - $15,0002026-02-14
2026-01-14John W. HickenlooperSenatePurchase$50,001 - $100,0002026-02-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.30,675,945$13.1B7.90%
VANGUARD CAPITAL MANAGEMENT LLC25,364,223$10.8B6.53%
STATE STREET CORP17,479,372$7.4B4.50%
JPMORGAN CHASE & CO14,827,846$6.1B3.82%
MORGAN STANLEY12,845,888$5.5B3.31%
BANK OF AMERICA CORP /DE/11,076,048$4.7B2.85%
VANGUARD PORTFOLIO MANAGEMENT LLC9,404,429$4.0B2.42%
GEODE CAPITAL MANAGEMENT, LLC8,956,719$3.8B2.31%
FMR LLC8,331,531$3.6B2.15%
WELLINGTON MANAGEMENT GROUP LLP6,827,266$2.9B1.76%
RAYMOND JAMES FINANCIAL INC5,504,383$2.3B1.42%
GOLDMAN SACHS GROUP INC5,034,516$2.1B1.30%
NORGES BANK4,917,475$2.1B1.27%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/4,880,412$2.1B1.26%
Jupiter Topco LLC4,783,133$2.0B1.23%

Institutional ownership by quarter

2023-092026-0685.5%
% of shares held by 13F filers
2023-092026-062,656
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,65685.5%2971,111902110
2026-03-312,49983.5%2501,061865151
2025-12-312,44197.5%320920883178
2025-09-302,35281.6%209980773112
2025-06-302,29384.0%287938761126
2025-03-312,16183.6%164922789217
2024-12-312,25483.1%304851758107
2024-09-302,09582.9%199855731124
2024-06-302,05184.3%19576778996
2024-03-311,97984.8%28267274575
2023-12-311,79885.0%26862365677
2023-09-301,63684.7%14755165680

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-28SCHEDULE 13GVanguard Capital Management7.5%29,042,849
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-10-31SCHEDULE 13G/AJPMORGAN CHASE & CO.4.7%18,306,758
2025-04-25SCHEDULE 13GJPMORGAN CHASE & CO.5.4%21,208,613
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.23%$5.3B
VTI0.23%$5.3B
VSMPX0.23%$5.3B
VTSAX0.23%$5.3B
VFINX0.25%$4.4B
VFIAX0.25%$4.4B

Share structure

Shares outstanding388,400,000
Float387,638,348
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$19.6B$20.8B$23.2B$24.9B$27.4B
Cost of revenue$13.3B$13.8B$14.8B$15.4B$17.1B
Gross profit$6.3B$6.9B$8.4B$9.5B$10.3B
R&D$616.0M$665.0M$754.0M$794.0M$796.0M
SG&A$2.8B$3.0B$3.7B$3.8B$4.3B
Operating income$2.9B$3.2B$4.0B$4.9B$5.2B
EBITDA$4.0B$4.0B$5.0B$5.6B$5.9B
Pretax income$2.9B$2.9B$3.8B$4.6B$4.9B
Income tax$750.0M$445.0M$604.0M$768.0M$840.0M
Net income$2.1B$2.5B$3.2B$3.8B$4.1B
EPS, diluted$5.34$6.14$8.02$9.50$10.46
Diluted shares401.6M400.8M401.1M399.4M389.5M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$568.0M$555.0M$2.6B$2.1B$803.0M
Receivables$3.3B$4.1B$4.5B$4.6B$5.4B
Inventory$3.0B$3.4B$3.7B$4.2B$4.7B
Total current assets$7.5B$8.8B$11.7B$11.8B$12.4B
PP&E, net$3.5B$3.7B$4.2B$4.5B$5.1B
Goodwill & intangibles$20.6B$20.3B$20.1B$19.4B$20.8B
Total assets$34.0B$35.0B$38.4B$38.4B$41.3B
Accounts payable$2.8B$3.1B$3.4B$3.7B$4.2B
Total current liabilities$7.2B$6.4B$7.7B$7.9B$9.4B
Long-term debt$6.8B$8.3B$8.2B$8.5B$9.4B
Total liabilities$17.6B$18.0B$19.4B$19.9B$21.8B
Shareholders' equity$16.5B$17.1B$19.1B$18.5B$19.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$2.1B$2.5B$3.2B$3.8B$4.1B
Depreciation & amortization$922.0M$954.0M$926.0M$921.0M$1.0B
Stock-based compensation$0$0$0$0−$50.0M
Change in working capital−$287.0M−$648.0M−$225.0M−$219.0M$0
Operating cash flow$2.2B$2.5B$3.6B$4.3B$4.5B
Capital expenditure−$575.0M−$598.0M−$757.0M−$808.0M$0
Free cash flow$1.6B$1.9B$2.9B$3.5B$4.5B
Investing cash flow−$1.8B−$1.2B−$2.6B−$271.0M−$1.1B
Net debt issued / repaid$805.0M$300.0M$488.0M$61.0M$0
Buybacks−$122.0M−$286.0M$0−$2.5B−$1.9B
Dividends paid−$1.2B−$1.3B−$1.4B−$1.5B−$1.6B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin32.2%33.3%36.4%38.2%37.6%
Operating margin14.6%15.6%17.1%19.6%19.1%
Net margin10.9%11.9%13.9%15.3%14.9%
FCF margin8.1%9.3%12.4%14.1%16.3%
ROE13.7%14.7%17.8%20.2%21.6%
ROIC8.6%10.7%12.8%15.4%14.5%
ROA6.5%7.1%8.8%9.9%10.3%
Debt / equity0.540.530.510.530.57
Interest coverage18.1x29.2x18.0x33.2x19.7x
Current ratio1.041.381.511.501.32
Revenue growth+9.9%+5.7%+11.8%+7.3%+10.3%
EPS growth+51.8%+15.3%+30.3%+19.6%+9.6%
P/E at year end30.4x24.5x29.3x34.2x30.3x
EV / EBITDA at year end18.4x17.3x20.4x24.4x21.6x
FCF yield at year end2.44%3.22%3.04%2.71%3.60%
Dividend payout56.9%52.8%42.9%39.5%39.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Electrical Americas Segment$7.2B$8.5B$10.1B$11.4B$13.3B
Electrical Global Segment$5.5B$5.8B$6.1B$6.2B$6.8B
Aerospace$2.6B$3.0B$3.4B$3.7B$4.2B
Vehicle$2.6B$2.8B$3.0B$2.8B$2.5B
Hydraulics$1.3B————
eMobility Segment$343.0M$538.0M$636.0M$669.0M$618.0M

Revenue by region · FY2025

UNITED STATES$17.1B · 62%
Europe$5.1B · 19%
Asia Pacific$2.7B · 10%
Latin America$1.5B · 5%
CANADA$1.1B · 4%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $3.54 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$33.0B$31.0B – $33.6B$13.59$13.52 – $13.721628.8x
2027$36.7B$33.6B – $38.8B$16.25$14.85 – $17.281624.1x
2028$40.3B$37.8B – $42.6B$19.01$17.69 – $20.07820.6x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-31$3.07$3.15+2.6%$8.2B$8.5B+4.6%
2026-05-05$2.73$2.81+2.9%$7.1B$7.5B+4.3%
2026-02-03$3.31$3.33+0.6%$7.1B$7.1B−0.5%
2025-11-04$3.05$3.07+0.7%$7.1B$7.0B−1.2%
2025-08-05$2.93$2.95+0.7%$6.9B$7.0B+1.7%
2025-05-02$2.71$2.72+0.4%$6.3B$6.4B+2.0%
2025-01-31$2.82$2.83+0.4%$6.3B$6.2B−1.3%
2024-10-31$2.80$2.84+1.4%$6.4B$6.3B−0.4%
2024-08-01$2.61$2.73+4.6%$6.3B$6.3B+0.0%
2024-04-30$2.29$2.40+4.8%$5.9B$5.9B+0.6%
2024-02-01$2.47$2.55+3.2%$5.9B$6.0B+0.9%
2023-10-31$2.34$2.47+5.6%$5.9B$5.9B−0.5%
2023-08-01$2.11$2.21+4.7%$5.8B$5.9B+1.8%
2023-05-02$1.78$1.88+5.6%$5.7B$5.5B−4.6%
2023-02-08$2.05$2.06+0.5%$5.2B$5.4B+2.9%
2022-11-01$2.01$2.02+0.5%$5.3B$5.3B+0.0%
2022-08-02$1.82$1.87+2.7%$5.2B$5.2B+0.2%
2022-05-03$1.60$1.62+1.3%$4.8B$4.8B+1.3%
2022-02-04$1.71$1.72+0.6%$4.9B$4.8B−2.1%
2021-11-02$1.73$1.75+1.2%$5.2B$4.9B−4.6%
2021-08-03$1.55$1.72+11.0%$5.0B$5.2B+4.6%
2021-05-04$1.23$1.44+17.1%$4.5B$4.7B+3.6%
2021-02-02$1.20$1.28+6.7%$4.6B$4.7B+2.0%
2020-11-03$1.04$1.18+13.5%$4.0B$4.5B+12.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.906-151.506-221.206-291.007-061.407-131.107-202.307-271.808-031.008-101.108-171.108-240.908-31
Week ofNotionalSharesTrades
2026-08-31$911.9M2,296,89490,610
2026-08-24$1.1B2,639,45183,824
2026-08-17$1.1B2,538,58090,792
2026-08-10$1.0B2,297,47289,400
2026-08-03$1.8B4,043,715129,865
2026-07-27$2.3B5,826,317166,078

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1542.0%
DateShort shareShort volumeTotal volume
2026-10-1542.0%820,3991,953,882
2026-10-1439.6%672,1651,698,314
2026-10-1360.7%463,240762,791
2026-10-1266.0%370,472561,271
2026-10-0946.2%344,134744,971
2026-10-0854.9%728,5661,326,416
2026-10-0749.1%378,410771,126
2026-10-0655.7%335,867602,718
2026-10-0547.9%303,205633,220
2026-10-0240.6%292,403719,839
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.2Jan+2.2Feb+0.8Mar+2.3Apr+0.9May+0.1Jun+2.4Jul-0.3Aug-0.0Sep+3.3Oct+4.1Nov+0.4Dec
MonthAvg returnUp yearsYears
Jan−0.2%50%20
Feb+2.2%70%20
Mar+0.8%62%21
Apr+2.3%65%20
May+0.9%60%20
Jun+0.1%40%20
Jul+2.4%60%20
Aug−0.3%60%20
Sep−0.0%55%20
Oct+3.3%75%20
Nov+4.1%75%20
Dec+0.4%50%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1434.9
MFI29.0
ADX12.6
Stochastic %K / %D14.1 / 19.1
Williams %R-92.1
CCI-253
TSI / signal-6.2 / 3.5
Chaikin money flow0.01
ATR$15.04
Bollinger width12.4%
Volume vs 20-day avg1.50x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$429.26 (−8.9%)
SMA 50$423.72 (−7.7%)
SMA 200$392.76 (−0.4%)
EMA 21$421.42 (−7.2%)
EMA 50$420.44 (−6.9%)
EMA 200$397.35 (−1.5%)
Bollinger upper$455.87 (−14.2%)
Bollinger lower$402.65 (−2.8%)
Parabolic SAR$441.83 (−11.4%)
Open the live chart, 110+ indicators

About Eaton Corporation plc

Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global; Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service. The Aerospace segment supplies aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment deals with the design, manufacture, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. The company was founded in 1911 and is headquartered in Dublin, Ireland.

https://www.eaton.com

Key executives

NameTitlePayBorn
Paulo Ruiz SternadtCEO & Director$2.4M1975
David FosterExecutive Vice President & Chief Financial Officer$2.1M1972
Lucy Clark DoughertyExecutive Vice President & Chief Legal Officer$1.7M1970
Heath MonesmithPresident & Chief Operating Officer of Electrical Sector$1.7M1971
Kaled H. AwadaExecutive Vice President & Chief Human Resources Officer$1.6M1975
Antonio C. GalvaoPresident of Mobility Group—1962
Howard LiuPresident of Asia Pacific Region - Electrical Sector——
Jimmy YamVice President of Sales——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
C. Arnold Chairman and Chief Executive Officer2024$1.4M$12.6M$3.2M$22.6M
O. Leonetti Executive Vice President and Chief Financial Officer (resigned February 2024)2024$805,076$5.8M$1.0M$11.8M
H. Monesmith President and Chief Operating Officer - Electrical Sector2024$813,605$2.7M$1.1M$5.6M
P. Ruiz President and Chief Operating Officer2024$829,278$2.1M$1.4M$5.0M
E. Marshall Executive Vice President and Chief Human Resources Officer2024$780,657$2.1M$914,711$4.4M
T. Okray Former Executive Vice President and Chief Financial Officer2024$85,388$0$0$94,284

Employees

99k2018101k201992k202086k202192k202294k202394k202497k2025

Dividends

Ex-dateAmountPaid
2026-08-07$1.12026-08-28
2026-05-08$1.12026-05-29
2026-03-10$1.12026-03-27
2025-11-06$1.042025-11-21
2025-08-07$1.042025-08-22
2025-05-05$1.042025-05-23
2025-03-10$1.042025-03-28
2024-11-04$0.942024-11-22

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage67
Intangibles48
Switching costs58
Network effect60
Efficient scale90
Our component scores (0-100) and overall 62.4; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms