Saturday 17 October 2026
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Eaton Corporation, PLC
ETN Industrials Specialty Industrial Machinery
Eaton Corporation, PLC’s revenue for fiscal 2025 (year ended December 2025) was $27.4 billion, up 10.3% from fiscal 2024. In the quarter to June 2026, revenue grew 21.4%, EPS fell 16.3%, free cash flow grew 21.5% and total debt rose 87.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
391.25
11.23
−2.79%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
16.20 | 11.75 | 13.93 | 17.97 | 34.33 | 32.12 | 25.57 | 29.64 | 34.79 | 30.33 |
Piotroski F-Score |
7 | 7 | 7 | 7 | 5 | 8 | 8 | 8 | 8 | 7 |
P/S ratio |
1.58 | 1.72 | 1.38 | 1.86 | 2.71 | 3.51 | 3.03 | 4.11 | 5.30 | 4.52 |
Altman Z-Score |
2.49 | 2.75 | 2.64 | 2.85 | 2.89 | 3.49 | 3.39 | 4.41 | 5.53 | 4.95 |
Altman Z″-Score (non-manufacturers) |
2.67 | 3.23 | 3.09 | 3.13 | 2.69 | 2.25 | 2.81 | 3.26 | 3.32 | 3.11 |
P/FCF ratio |
15.04 | 16.33 | 14.25 | 13.86 | 18.82 | 42.22 | 29.98 | 32.40 | 36.61 | 34.18 |
Beneish M-Score |
(2.58) | (2.33) | (2.57) | (2.78) | (2.82) | (2.35) | (2.31) | (2.51) | (2.55) | (2.37) |
P/Operating CF |
48.87 | 39.88 | 36.36 | 42.36 | 51.24 | 86.67 | 53.03 | 73.46 | 82.62 | 63.20 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 86 |
P/B ratio |
2.08 | 2.03 | 1.85 | 2.46 | 3.23 | 4.19 | 3.68 | 5.00 | 7.12 | 6.38 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
1.96 | 2.04 | 1.69 | 2.20 | 3.10 | 3.92 | 3.41 | 4.40 | 5.59 | 4.86 |
EV/EBITDA |
11.98 | 12.08 | 10.15 | 12.59 | 20.98 | 22.72 | 17.90 | 21.20 | 25.04 | 21.44 |
EV/Operating CF |
15.06 | 15.64 | 13.73 | 13.67 | 18.78 | 35.55 | 27.90 | 28.14 | 32.13 | 29.80 |
EV/FCF |
18.67 | 19.43 | 17.43 | 16.47 | 21.53 | 47.12 | 33.68 | 34.66 | 38.57 | 36.69 |
Quick Ratio |
0.79 | 0.99 | 0.83 | 0.78 | 0.68 | 0.54 | 0.73 | 0.91 | 0.85 | 0.66 |
Current Ratio |
1.28 | 1.64 | 1.47 | 1.70 | 1.56 | 1.04 | 1.38 | 1.51 | 1.50 | 1.32 |
Net Debt/EBITDA |
2.33 | 1.93 | 1.86 | 2.00 | 2.64 | 2.36 | 1.97 | 1.38 | 1.27 | 1.46 |
Debt/Assets |
27.11% | 23.74% | 22.86% | 24.59% | 25.32% | 25.17% | 23.79% | 24.10% | 23.85% | 23.98% |
Debt/Equity |
0.55 | 0.45 | 0.44 | 0.50 | 0.54 | 0.52 | 0.49 | 0.49 | 0.49 | 0.51 |
Asset Turnover |
0.64 | 0.65 | 0.68 | 0.67 | 0.55 | 0.60 | 0.60 | 0.63 | 0.65 | 0.69 |
Operating CF/Net income |
1.34 | 0.89 | 1.24 | 1.56 | 2.09 | 1.01 | 1.03 | 1.13 | 1.14 | 1.09 |
Capex/Depreciation |
(0.53) | (0.57) | (0.63) | (0.66) | (0.46) | (0.58) | (0.46) | (0.74) | (0.78) | (0.83) |
Interest Coverage |
9.87 | 10.32 | 10.43 | 14.39 | 12.24 | 17.10 | 20.80 | 25.73 | 35.63 | 21.61 |
| 12.68% | 18.49% | 12.83% | 13.70% | 9.07% | 13.65% | 14.69% | 17.81% | 20.18% | 21.51% | |
| 6.23% | 9.46% | 6.73% | 6.92% | 4.36% | 6.51% | 7.13% | 8.76% | 9.88% | 10.26% | |
ROIC |
6.38% | 6.63% | 7.37% | 7.58% | 5.20% | 6.30% | 7.53% | 9.44% | 11.31% | 11.40% |
Return on Tangible Assets |
38.39% | 44.13% | 36.34% | 31.18% | 22.52% | 63.75% | 44.50% | 43.15% | 49.45% | 55.98% |
Average Days of Receivables |
65.80 | 70.53 | 65.17 | 58.65 | 59.35 | 61.31 | 71.69 | 70.42 | 67.77 | 71.64 |
Research and Development Expense of Revenue |
2.97% | 2.86% | 2.70% | 2.83% | 3.09% | 3.14% | 3.20% | 3.25% | 3.19% | 2.90% |
Selling, General and Administrative Expense of Revenue |
17.54% | 17.28% | 16.42% | 16.75% | 17.22% | 16.59% | 15.55% | 16.36% | 16.39% | 15.71% |
Intangible Assets out of Total Assets |
0.61 | 0.58 | 0.58 | 0.55 | 0.54 | 0.61 | 0.58 | 0.52 | 0.50 | 0.50 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.27) | (0.20) | (0.25) | (0.20) | (0.16) | (0.15) | (0.15) | (0.08) | (0.06) | (0.08) |
Graham Number |
56.01 | 76.63 | 64.21 | 67.57 | 54.15 | 70.67 | 77.11 | 93.09 | 100.02 | 108.61 |
Earnings Yield |
6.17% | 8.51% | 7.18% | 5.56% | 2.91% | 3.11% | 3.91% | 3.37% | 2.87% | 3.30% |
Free Cash Flow Yield |
6.65% | 6.12% | 7.02% | 7.22% | 5.31% | 2.37% | 3.34% | 3.09% | 2.73% | 2.93% |
Revenue per Share |
43.40 | 45.90 | 49.76 | 51.05 | 44.40 | 49.23 | 52.05 | 58.12 | 62.57 | 70.40 |
Operating CF per Share |
5.65 | 6.00 | 6.12 | 8.24 | 7.32 | 5.43 | 6.35 | 9.08 | 10.88 | 11.47 |
Capex per Share |
(1.09) | (1.17) | (1.30) | (1.40) | (0.94) | (1.33) | (1.09) | (1.71) | (1.82) | (2.15) |
Free Cash Flow per Share |
4.56 | 4.83 | 4.82 | 6.84 | 6.38 | 4.09 | 5.26 | 7.37 | 9.06 | 9.32 |
Cash per Share |
1.64 | 2.46 | 1.01 | 1.41 | 2.74 | 1.42 | 1.39 | 6.54 | 5.23 | 2.06 |
Shareholders Equity per Share |
32.96 | 38.90 | 37.17 | 38.50 | 37.23 | 41.26 | 42.83 | 47.78 | 46.61 | 49.93 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
32.96 | 38.90 | 37.17 | 38.50 | 37.23 | 41.26 | 42.83 | 47.78 | 46.61 | 49.93 |
Free Cash Flow |
2,073.00 | 2,146.00 | 2,093.00 | 2,864.00 | 2,567.00 | 1,632.00 | 2,098.00 | 2,943.00 | 3,604.00 | 3,633.00 |
Working Capital |
1,548.00 | 3,262.00 | 2,436.00 | 3,596.00 | 3,297.00 | 299.00 | 2,386.00 | 3,928.00 | 3,944.00 | 2,985.00 |
Capital Expenditures |
(497.00) | (520.00) | (565.00) | (587.00) | (377.00) | (531.00) | (435.00) | (681.00) | (723.00) | (839.00) |
Net Current Asset Value |
(8,445.00) | (6,996.00) | (7,360.00) | (7,944.00) | (7,673.00) | (10,065.00) | (9,193.00) | (7,688.00) | (8,049.00) | (9,427.00) |
EV/EBIT |
16.83 | 16.43 | 13.56 | 16.47 | 30.30 | 31.22 | 23.60 | 26.25 | 30.01 | 25.59 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 |
Price to Operating Income |
13.56 | 13.81 | 11.08 | 13.86 | 26.49 | 27.98 | 21.00 | 24.54 | 28.49 | 23.84 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.27 | 0.26 | 0.26 | 0.25 | 0.27 | 0.30 | 0.30 | 0.26 | 0.25 | 0.23 |
Cash ROIC |
8.63% | 8.21% | 8.84% | 11.55% | 10.64% | 6.38% | 8.08% | 9.51% | 12.11% | 12.04% |
Accounts Receivable Turnover |
5.61 | 5.44 | 5.54 | 5.86 | 5.63 | 6.33 | 5.63 | 5.43 | 5.47 | 5.49 |
Accounts Payable Turnover |
7.71 | 7.08 | 6.76 | 6.76 | 6.05 | 5.56 | 4.72 | 4.59 | 4.37 | 4.37 |
Inventory Turnover |
5.74 | 5.54 | 5.37 | 5.13 | 5.05 | 5.24 | 4.33 | 4.12 | 3.86 | 3.83 |
Average Days of Payables |
46.81 | 57.47 | 53.58 | 53.82 | 58.45 | 76.80 | 80.87 | 83.20 | 87.32 | 88.81 |
Days of Inventory on Hand |
63.92 | 69.52 | 70.05 | 71.41 | 62.04 | 81.52 | 90.30 | 92.45 | 100.35 | 100.59 |
Average Receivables |
3,519.50 | 3,751.50 | 3,900.50 | 3,647.50 | 3,170.50 | 3,100.50 | 3,686.50 | 4,275.50 | 4,547.00 | 5,003.00 |
Average Payables |
1,738.00 | 1,942.00 | 2,148.00 | 2,122.00 | 2,050.50 | 2,392.00 | 2,934.50 | 3,218.50 | 3,521.50 | 3,923.00 |
Average Inventory |
2,334.50 | 2,483.00 | 2,702.50 | 2,795.00 | 2,457.00 | 2,539.00 | 3,199.50 | 3,584.50 | 3,983.00 | 4,474.00 |
Average Assets |
30,736.00 | 31,549.50 | 31,857.50 | 31,948.50 | 32,314.50 | 32,925.50 | 34,520.50 | 36,723.00 | 38,406.50 | 39,816.00 |
Average Common Equity |
15,114.50 | 16,144.00 | 16,716.00 | 16,137.50 | 15,553.00 | 15,712.00 | 16,763.00 | 18,072.00 | 18,800.00 | 19,000.00 |
Columns are period end dates