COVERAGE / ETN / Industrials

Eaton Corp plc

Misc Industrial & Commercial Machinery & Equipment

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$27.45bn

Prior / $24.88bn

Change / +10.33%

SOURCE / 2026-02-26

Operating income

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Net income

$4.09bn

Prior / $3.79bn

Change / +7.72%

SOURCE / 2026-02-26

Diluted EPS

$10.45

Prior / $9.50

Change / +10.00%

SOURCE / 2026-02-26

Free cash flow

$3.55bn

Prior / $3.52bn

Change / +0.97%

SOURCE / 2026-02-26

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Return on avg. equity

21.56%

Prior / 20.22%

Change / +1.34 pp

SOURCE / 2026-02-26

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 27448000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4087000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 10.45,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4472000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 919000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 41251000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 19425000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 12355000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 9370000000,
    "accn": "0001551182-26-000007",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$27.45bn	$4.09bn	$3.55bn	$10.45
2024-12-31	$24.88bn	$3.79bn	$3.52bn	$9.50
2023-12-31	$23.2bn	$3.22bn	$2.87bn	$8.02
2022-12-31	$20.75bn	$2.46bn	$1.94bn	$6.14

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	39.18x	Unavailable	37.06x	11
P/S	Unavailable	Unavailable	4.74x	8
P/B	Unavailable	Unavailable	7.57x	7
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	3.29%	6

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 409.46,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

Eaton Corp plc is an SEC-reporting issuer listed on NYSE under ETN. Its SEC industry description is Misc Industrial & Commercial Machinery & Equipment. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Equipment manufacturers, transport operators and industrial service providers face differing order and asset cycles.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-26PERIOD / 2025-12-31

ETN filed this 10-K on 2026-02-26 for the reported period 2025-12-31. Reading focus: Backlog conversion, utilization, deliveries, working capital and service revenue. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0061ETNCompany Research

ETN: reading the FY2025 financial structure ↗

Eaton Corp plc

Research abstract

Annual revenue of USD 27.448 billion and net income of USD 4.087 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Order cancellations, supply constraints, execution risk, labor costs and capital-cycle sensitivity.

Backlog conversion, utilization, deliveries, working capital and service revenue.

INDUSTRIALS SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-26
SEC annual filing · 2024-12-31 ↗Source date 2026-02-26
SEC annual filing · 2023-12-31 ↗Source date 2026-02-26
SEC annual filing · 2022-12-31 ↗Source date 2025-02-27
SEC issuer record ↗Source date 2026-09-18