ETN Industrials

Eaton Corporation plc

$391.70+7.00%

Price as of close on Nov 3, 2026 · Financials updated Nov 4, 2026

Basics

Sector: Industrials
Industry: Specialty Industrial Machinery
Country: Ireland
Market cap: 152.1B USD
Enterprise value: 171.9B USD
Full-time employees: 97,303

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64), less short-term liquidity (current ratio 1.24 vs a peer median of 1.62) and more debt relative to equity (1.02× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64), less liquidity (current ratio 1.24 vs peers 1.62) and more debt vs equity (1.02× vs peers 0.40×)

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +32%, operating profit +65%.
Since 2022, Eaton's revenue grew 32% while operating profit grew 65%: each extra dollar of sales is adding more profit.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $17.9B in 2020 to $27.4B in 2025.
Eaton's fiscal-year revenue rose in each of the five years to 2025, from $17.9B to $27.4B.
Profit is backed by cash. Free cash flow is 103% of reported profit.
Eaton's free cash flow is 103% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins. Operating margin 19% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 19% vs peers 7.7%.
Eaton keeps 19% of revenue as operating profit, more than 87% of peers (median 7.7%).

StockQuotient Score

49/ 100

Oct 5 48 → Nov 4 49 (+1)

Valuation

Is the price right?

31/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.7%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.37Sector median: 0.0377 · MAD: 0.0294

EBITDA yield3.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.73Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield2.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.25Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield14.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

69/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 5.3%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-2.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.38Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth10.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.06Sector median: 0.0421 · MAD: 0.0625

Revenue growth15.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.46Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

79/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin19.0%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Reported value33% base weight · Z-score 2.22Sector median: 0.0773 · MAD: 0.0507

Return on assets6.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.54Sector median: 0.0311 · MAD: 0.0241

Return on invested capital9.8%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.48Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin35.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity18.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.14

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.80Sector median: 0.6440 · MAD: 0.2745

Current ratio1.24×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.70Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.02×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.82Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Eaton

Is Eaton getting weaker?: Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 49/100 since Oct 28, 2026.
How is Eaton valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 2,459 industrials peers. EBITDA yield 3.8% vs a peer median of 6.9% (weaker than 72% of peers).EBITDA yield 3.8% vs peers 6.9% (weaker than 72% of peers).
Is Eaton growing?: Yes, faster than most of its peers. Growth scores 69/100 against 2,459 industrials peers. Revenue growth 15.5% vs a peer median of 4.4% (stronger than 80% of peers).Revenue growth 15.5% vs peers 4.4% (stronger than 80% of peers). Earnings per share growth -2.2% vs a peer median of 7.1% (weaker than 62% of peers).Earnings per share growth -2.2% vs peers 7.1% (weaker than 62% of peers).
How profitable is Eaton?: More profitable than most of its peers. Profitability scores 79/100 against 2,459 industrials peers. Operating margin 19.0% vs a peer median of 7.7% (stronger than 87% of peers).Operating margin 19.0% vs peers 7.7% (stronger than 87% of peers).
How risky is Eaton?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.14 vs a peer median of 0.64 (weaker than 82% of peers).Beta 1.14 vs peers 0.64 (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	28.5B USD	30.0B USD	+5.3%
Net income (12 months)	4.0B USD	3.8B USD	−4.0%
Free cash flow (12 months)	3.8B USD	3.9B USD	+4.2%
Debt	21.1B USD	20.6B USD	−2.5%
Cash	565.0M USD	483.0M USD	−14.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	32.3%	33.2%	36.4%	38.2%	37.6%	▼ 0.6 pts
Operating margin	15.0%	14.5%	16.7%	18.6%	18.1%	▼ 0.5 pts
Net margin	10.9%	11.9%	13.9%	15.3%	14.9%	▼ 0.4 pts
Return on assets (ROA)	6.3%	7.0%	8.4%	9.9%	9.9%	▲ 0.0 pts
Return on equity (ROE)	13.1%	14.5%	16.9%	20.5%	21.0%	▲ 0.5 pts
Free cash flow margin	8.1%	9.3%	12.4%	14.1%	12.9%	▼ 1.2 pts
Current ratio	1.04×	1.38×	1.51×	1.50×	1.32×	▼ 12%
Quick ratio	0.63×	0.84×	1.02×	0.96×	0.81×	▼ 15%
Debt to equity	0.52×	0.51×	0.49×	0.50×	0.51×	▲ 2.9%
Interest coverage	20.39×	20.97×	25.73×	35.63×	20.62×	▼ 42%

ETN price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64), less short-term liquidity (current ratio 1.24 vs a peer median of 1.62) and more debt relative to equity (1.02× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64), less liquidity (current ratio 1.24 vs peers 1.62) and more debt vs equity (1.02× vs peers 0.40×)

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since 2022: revenue +32%, operating profit +65%.

Since 2022, Eaton's revenue grew 32% while operating profit grew 65%: each extra dollar of sales is adding more profit.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $17.9B in 2020 to $27.4B in 2025.

Eaton's fiscal-year revenue rose in each of the five years to 2025, from $17.9B to $27.4B.

Profit is backed by cash. Free cash flow is 103% of reported profit.

Eaton's free cash flow is 103% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Wide margins. Operating margin 19% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 19% vs peers 7.7%.

Eaton keeps 19% of revenue as operating profit, more than 87% of peers (median 7.7%).

Questions investors ask about Eaton

Is Eaton getting weaker?

Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is unchanged at 49/100 since Oct 28, 2026.

How is Eaton valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 31/100 against 2,459 industrials peers. EBITDA yield 3.8% vs a peer median of 6.9% (weaker than 72% of peers).EBITDA yield 3.8% vs peers 6.9% (weaker than 72% of peers).

Is Eaton growing?

Yes, faster than most of its peers. Growth scores 69/100 against 2,459 industrials peers. Revenue growth 15.5% vs a peer median of 4.4% (stronger than 80% of peers).Revenue growth 15.5% vs peers 4.4% (stronger than 80% of peers). Earnings per share growth -2.2% vs a peer median of 7.1% (weaker than 62% of peers).Earnings per share growth -2.2% vs peers 7.1% (weaker than 62% of peers).

How profitable is Eaton?

More profitable than most of its peers. Profitability scores 79/100 against 2,459 industrials peers. Operating margin 19.0% vs a peer median of 7.7% (stronger than 87% of peers).Operating margin 19.0% vs peers 7.7% (stronger than 87% of peers).

How risky is Eaton?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.14 vs a peer median of 0.64 (weaker than 82% of peers).Beta 1.14 vs peers 0.64 (weaker than 82% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

28.5B USD

30.0B USD

+5.3%

Net income (12 months)

4.0B USD

3.8B USD

−4.0%

Free cash flow (12 months)

3.8B USD

3.9B USD

+4.2%

Debt

21.1B USD

20.6B USD

−2.5%

Cash

565.0M USD

483.0M USD

−14.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

32.3%

33.2%

36.4%

38.2%

37.6%

▼ 0.6 pts

Operating margin

15.0%

14.5%

16.7%

18.6%

18.1%

▼ 0.5 pts

Net margin

10.9%

11.9%

13.9%

15.3%

14.9%

▼ 0.4 pts

Return on assets (ROA)

6.3%

7.0%

8.4%

9.9%

▲ 0.0 pts

Return on equity (ROE)

13.1%

14.5%

16.9%

20.5%

21.0%

▲ 0.5 pts

Free cash flow margin

8.1%

9.3%

12.4%

14.1%

12.9%

▼ 1.2 pts

Current ratio

1.04×

1.38×

1.51×

1.50×

1.32×

▼ 12%

Quick ratio

0.63×

0.84×

1.02×

0.96×

0.81×

▼ 15%

Debt to equity

0.52×

0.51×

0.49×

0.50×

0.51×

▲ 2.9%

Interest coverage

20.39×

20.97×

25.73×

35.63×

20.62×

▼ 42%