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NEW YORK STOCK EXCHANGE, INC. · Electrical Equipment · CIK 0001551182
$368.99
-6.33% · live
Updated
$143.13B market value
From Eaton Corp plc's FY2025 10-K, filed Feb 26, 2026 · read the filing
Eaton makes commercial and industrial machines. It took in $27.45B last year, which makes it a large company. Of every dollar it sells, about 15 cents is left as profit.
The financial picture is led by profitability, debt and accounting, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 2 insiders, not under a pre-arranged plan.
$8.5M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Eaton Corp plc's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Revenue
$24.88B → $27.45B
Gross profit
$9.50B → $10.32B
Profit
$3.79B → $4.09B
Earnings per share
$9.66 → $10.54
Measured against FY2024, from the 10-K filed Feb 26, 2026
Improved: +10.3%
$24.88B to $27.45BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote live), and what was published around it
ETN fell 6.33% on the latest quote. The average Industrials company tracked here moved +0.46%, and the S&P 500 −1.04%. That is 6.8 points below its sector and 5.3 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 16% a year for the next 10 years. Over the last 10 years it grew by about 6% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 15 cents of every dollar of sales as profit, earning $4.09B last year.
Slowly. Sales grew 10.3% last year.
No. At its current cash flow it could clear its debt in about 2.1 years. For every $1 it owes, it owns $1.89 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 40 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 36% of the cash its operations generated. It has paid in each of the last 12 years.
GoodFigures from the FY2025 annual filing
Last year it earned $4.09B and generated $4.47B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 26, 2026Filing for FY2025 | FY202410-K · Feb 26, 2026Filing for FY2024 | FY202310-K · Feb 26, 2026Filing for FY2023 | FY202210-K · Feb 23, 2023Filing for FY2022 | FY202110-K · Feb 23, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $27.45B | $24.88B | $23.20B | $20.75B | $19.63B | +10.3% |
| Cost of revenue | $17.13B | $15.38B | $14.76B | $13.87B | $13.29B | +11.4% |
| Gross profit | $10.32B† | $9.50B† | $8.43B† | $6.89B† | $6.33B† | +8.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 37.6% | 38.2% | 36.4% | 33.2% | 32.3% | −0.6 pts |
| Selling, general and administrative | $4.31B | $4.08B | $3.79B | $3.23B | $3.26B | +5.7% |
| Interest expense | $241.0M | $130.0M | $151.0M | — | $144.0M | +85.4% |
| Income before tax | $4.93B | $4.57B | $3.83B | $2.91B | $2.90B | +8.0% |
| Net income | $4.09B | $3.79B | $3.22B | $2.46B | $2.14B | +7.7% |
| Net marginNet income ÷ revenueWhat is this? | 14.9% | 15.3% | 13.9% | 11.9% | 10.9% | −0.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $10.54 | $9.66 | $8.06 | $6.19 | $5.38 | +9.1% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Others in the same industry
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 997 shares
Holds 2,051 shares after this filing.
Had shares withheld to cover taxes — 390 shares at $442.83 ($172.7K)
Holds 1,661 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingHad a director or senior officer leave or join
Read the filingWrite down why you are following Eaton Corp plc, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 323 subsidiaries named in its 10-K, incorporated across 77 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from ETN's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 26, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 9.0 | 6/9 | 10-K, filed Feb 26, 2026 |
| FY2024 | 9.0 | 8/9 | 10-K, filed Feb 27, 2025 |
| FY2023 | 9.0 | 8/9 | 10-K, filed Feb 29, 2024 |
| FY2022 | 8.0 | 9/9 | 10-K, filed Feb 23, 2023 |
| FY2021 | 8.0 | 8/9 | 10-K, filed Feb 23, 2022 |
| FY2020 | 7.0 | 4/9 | 10-K, filed Feb 24, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
5.46
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.38
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +8.6%
$9.50B to $10.32BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +7.7%
$3.79B to $4.09BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +9.1%
$9.66 to $10.54Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +8.1%
$9.15B to $9.89BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +12.1%
$555.0M to $622.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -1.3%
392.9M to 387.9MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +8.4%
$1.50B to $1.63BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: +13.7%
$808.0M to $919.0MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Jul 31, 2026 — read it.
Deteriorated: +87.4%
$9.88B to $18.52BCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +21.4%
$7.03B to $8.53BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -16.4%
$982.0M to $821.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −3.5 pts
37.0% to 33.5%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −4.3 pts
14.0% to 9.6%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -16.2%
$2.52 to $2.11Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +21.4%
$398.0M to $483.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +9.9%
$2.60B to $2.85BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Jul 31, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +14.5%
$7.45B to $8.53BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.7%
$2.65B to $2.85BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: -5.2%
$866.0M to $821.0MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −2.1 pts
35.6% to 33.5%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −2.0 pts
11.6% to 9.6%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -5.2%
$2.23 to $2.11Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -14.5%
$565.0M to $483.0MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 13% and 18%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 33 analysts covering this company, as of . Their views, not this site's.
Of 33 analysts publishing on this company, 9 say strong buy, 18 say buy and 6 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 38.9x — a high multiple relative to the current trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Bought on the open market — 70 shares at $469.93 ($32.9K)
Holds 1,699 shares after this filing.
Bought on the open market — 130 shares at $455.90 ($59.3K)
Holds 1,829 shares after this filing.
Exercised stock options — 764 shares at $130.86 ($100.0K)
Holds 50,586 shares after this filing.
Had shares withheld to cover taxes — 218 shares at $458.15 ($99.9K)
Holds 50,368 shares after this filing.
Exercised stock options — 18,036 shares at $130.86 ($2.4M)
Holds 68,404 shares after this filing.
Sold on the open market — 18,036 shares at $458.04 ($8.3M)
Holds 50,368 shares after this filing.
Exercised stock options — 658 shares at $151.76 ($99.9K)
Holds 51,026 shares after this filing.
Had shares withheld to cover taxes — 217 shares at $458.12 ($99.4K)
Holds 50,809 shares after this filing.
Exercised stock options — 583 shares at $171.31 ($99.9K)
Holds 51,392 shares after this filing.
Had shares withheld to cover taxes — 218 shares at $458.11 ($99.9K)
Holds 51,174 shares after this filing.
Exercised stock options — 658 shares at $151.76 ($99.9K)
Holds 2,754 shares after this filing.
Had shares withheld to cover taxes — 221 shares at $451.52 ($99.8K)
Holds 2,533 shares after this filing.
Sold on the open market — 525 shares at $440.54 ($231.3K)
Holds 1,054 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 18,036 shares ($8.3M) on or after .
Shares originally obtained via Stock Option Exercise.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Revenue +21.4% · Profit margin −4.3 pts · Long-term debt +87.4% — against Q2 FY2025
Published results
Read the filingMade a Regulation FD disclosure · Reported another event
Read the filingQuarterly report for Q1 FY2026
Revenue +16.8% · Profit margin −3.5 pts · Free cash flow +245.1% — against Q1 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filingTerminated a material agreement · Took on a direct financial obligation
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +10.3% · Gross profit +8.6% · Profit +7.7% — against FY2024
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue +10.1% · Profit margin −1.5 pts · Cash -30.7% — against Q3 FY2024
Read the filingPublished results
Read the filingThe first 40 of 323. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-26. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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