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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%
Market cap
$156.3B
P/E
39.7×
Fwd P/E
34.3×
Dividend yield
1.11%
F-score
7/9
Altman Z
4.95
Beneish M
−2.37
Dividend safety
86/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Eaton Corporation, PLC (ETN) Debt to equity

Alert me on Debt to equity

Eaton Corporation, PLC's debt to equity at the end of the quarter to 30 June 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×.

Debt to equity, annual

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Annual newest first

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%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.9× (3.14%)
Mar 2026 0.9× 85.36%
Dec 2025 0.5× (2.98%)
Sep 2025 0.5× (1.19%)
42 more quarters

Against its own ten years

Low 0.4× High 0.6×
Ten-year median 0.5×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
AME AMETEK, Inc. compare 0.2×
GEV GE Vernova Inc. compare 0.2×
PH Parker-Hannifin Corporation compare 0.4×
IR Ingersoll Rand Inc. compare 0.5×
CMI Cummins Inc. compare 0.5×
EMR Emerson Electric Co. compare 0.6×
ROK Rockwell Automation, Inc. compare 0.7×
ETN Eaton Corporation, PLC 0.9×
ITW Illinois Tool Works Inc. compare 3.3×
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 →

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