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