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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.

Revenue: +28.0%
EPS: +6.79%
Free cash flow: −11.0%
Total debt: +87.1%

Quarter to September 2026, against a year earlier

327.18 25.90 −7.34%

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Market cap: $127.1B
P/E: 32.6×
Fwd P/E: 32.9×
Dividend yield: 1.01%
F-score: 7/9
Altman Z: 4.95
Beneish M: −2.37
Dividend safety: 86/100

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Eaton Corporation, PLC (ETN) Debt to equity

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Eaton Corporation, PLC's debt to equity at the end of the quarter to 30 September 2026 was 0.9×, up 0.4× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.4× (fiscal 2018) to 0.6× (fiscal 2016); the current reading is higher than 64% of that period. That is above the Specialty Industrial Machinery industry median of 0.3× and above the Industrials sector median of 0.3×.

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<iframe src="https://stockrow.com/embed/ETN/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Eaton Corporation, PLC debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ETN/metrics/debt-to-equity">Eaton Corporation, PLC (ETN) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.5×	2.90%
FY2024	0.5×	1.69%
FY2023	0.5×	(0.45%)
FY2022	0.5×	(6.30%)
FY2021	0.5×	(3.23%)
FY2020	0.5×	7.62%
FY2019	0.5×	13.56%
FY2018	0.4×	(1.70%)
FY2017	0.4×	(18.70%)
FY2016	0.6×	5.03%

Period	Debt to equity	Change
Sep 2026	0.9×	(3.49%)
Jun 2026	0.9×	(3.14%)
Mar 2026	0.9×	85.36%
Dec 2025	0.5×	(2.98%)
43 more quarters	Free account

Against its own ten years

Low 0.4× High 0.6×

Ten-year median 0.5×

Current reading's percentile 64

Company	Debt to equity
GEV GE Vernova Inc. compare	0.2×
IR Ingersoll Rand Inc. compare	0.4×
CMI Cummins Inc. compare	0.5×
AME AMETEK, Inc. compare	0.6×
EMR Emerson Electric Co. compare	0.6×
ROK Rockwell Automation, Inc. compare	0.7×
PH Parker-Hannifin Corporation compare	0.8×
ETN Eaton Corporation, PLC	0.9×
ITW Illinois Tool Works Inc. compare	3.0×
Specialty Industrial Machinery industry median	0.3×
Industrials sector median	0.3×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Eaton Corporation, PLC (ETN) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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