Eaton ETN
- Market cap
- $142.2B
- PE
- 37.2×
- 10y median 28.3×
- Forward PE
- 24.2×
- 10y median 20.8×
- Price to sales
- 4.7×
- EV/EBIT
- 30.6×
- Revenue, 12 months
- $30B
- +16% on a year ago
- Net margin
- 12.8%
- Free cash flow yield
- 2.8%
Eaton trades at 37.2× trailing earnings, pricier than 82% of the last ten years. Revenue was $30B over the last twelve months, up 16% on a year earlier with a 13% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $5.9B+11% | $6B+11% | $5.9B+8% | $6.3B+8% | $6.3B+8% | $6.2B+5% | $6.4B+7% | $7B+11% | $7B+10% | $7.1B+13% | $7.5B+17% | $8.5B+21% | |
| Cost of revenue | $3.7B+4% | $3.7B+5% | $3.7B+4% | $3.9B+5% | $3.9B+6% | $3.8B+2% | $3.9B+6% | $4.4B+13% | $4.3B+11% | $4.5B+17% | $4.8B+22% | $5.7B+28% |
| Gross profit | $2.2B+24% | $2.2B+22% | $2.2B+18% | $2.4B+14% | $2.4B+11% | $2.4B+9% | $2.4B+10% | $2.6B+8% | $2.7B+9% | $2.6B+7% | $2.7B+8% | $2.9B+10% |
| R&D | $187M+13% | $201M+20% | $189M+6% | $196M+5% | $207M+11% | $201M+0% | $198M+5% | $192M−2% | $203M−2% | $203M+1% | $211M+7% | $227M+18% |
| SG&A | $949M+17% | $956M+20% | $1B+13% | $1B+4% | $1B+8% | $1B+5% | $1B+2% | $1.1B+13% | $1.1B+8% | $1B+1% | $1.3B+21% | $1.2B+8% |
| $1.1B+34% | $1.1B+23% | $1B+26% | $1.2B+26% | $1.2B+14% | $1.2B+14% | $1.2B+20% | $1.3B+5% | $1.4B+13% | $1.4B+13% | $1.2B−2% | $1.4B+11% | |
| Interest expense | $33M−11% | $27M−39% | $30M−40% | $29M−31% | $29M−12% | $42M+56% | $33M+10% | $71M+145% | $67M+131% | $70M+67% | $106M+221% | $201M+183% |
| Pre-tax income | $1.1B+50% | $1.1B+28% | $1B+31% | $1.2B+33% | $1.2B+12% | $1.2B+7% | $1.2B+18% | $1.2B−1% | $1.3B+6% | $1.3B+11% | $1.1B−6% | $1.1B−4% |
| $187M+67% | $141M+9% | $179M+46% | $201M+31% | $193M+3% | $195M+38% | $212M+18% | $203M+1% | $264M+37% | $161M−17% | $240M+13% | $321M+58% | |
| Net income | $891M+47% | $945M+31% | $821M+29% | $993M+34% | $1B+13% | $971M+3% | $964M+17% | $982M−1% | $1B+0% | $1.1B+17% | $866M−10% | $821M−16% |
| $2.22+46% | $2.35+31% | $2.04+28% | $2.48+33% | $2.53+14% | $2.45+4% | $2.45+20% | $2.51+1% | $2.59+2% | $2.91+19% | $2.22−9% | $2.11−16% | |
| 401.6M+0% | 401.8M+0% | 401.9M+0% | 401M+0% | 398.9M−1% | 396M−1% | 393.6M−2% | 391.4M−2% | 390.1M−2% | 389.5M−2% | 389.2M−1% | 389.5M−1% |
Gross profit: 73 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
Operating income: 72 periods, Q2 FY08 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 11 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: 9 periods, Q4 FY08 to Q4 FY19: quarter's net income to common over its shares, to the cent. 11 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: 7 periods, Q4 FY08 to Q4 FY19: share-days: the 12-month average less the 9-month, weighted by days. 11 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $8.5B | $8.2B to $8.7B | $3.54 | $3.50 to $3.59 | 17 |
| Q4 FY26 | $8.5B | $8B to $8.8B | $4.09 | $4.02 to $4.23 | 14 |
| Q1 FY27 | $8.7B | $8.4B to $9B | $3.50 | $3.32 to $3.64 | 8 |
| Q2 FY27 | $9.3B | $9B to $9.6B | $3.99 | $3.80 to $4.15 | 6 |
| Q3 FY27 | $9.3B | $9B to $9.6B | $4.27 | $4.06 to $4.45 | 6 |
| Q4 FY27 | $9.4B | $9B to $9.7B | $4.55 | $4.33 to $4.74 | 12 |
| Q1 FY28 | $9.6B | $9.2B to $9.9B | $4.16 | $3.96 to $4.33 | 13 |
| Q2 FY28 | $10.3B | $9.9B to $10.6B | $4.65 | $4.42 to $4.84 | 7 |
Peers
Companies in Electrical Equipment & Parts nearest Eaton's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| ETNEaton | $142.2B | 37.2× | 28.3× | 24.2× | 4.7× | +16% | 12.8% |
| VRTVertiv | $74.8B | 44.0× | 76.3× | 24.6× | 6.5× | +26% | 15.1% |
| BEBloom Energy | $56.9B | 258× | 337× | 52.1× | 18.3× | +91% | 7.9% |
| AMEAMETEK | $55B | 35.1× | 28.8× | 27.4× | 7.0× | +13% | 20.0% |
| HUBBHubbell | $23.7B | 26.5× | 25.2× | 20.6× | 3.8× | +11% | 14.5% |
| NVTnVent Electric | $20.3B | 34.4× | 21.2× | 21.3× | 4.2× | +46% | 12.4% |
| Peer median | $55B | 35.1× | 28.8× | 24.6× | 6.5× | +26% | 14.5% |
Investors who own it
Investors we follow who held Eaton at the end of Jun 30, 2026, from their 13F filings.
- Philippe LaffontCoatue Management4.4% of portfolioadded
- Baillie GiffordBaillie Gifford0.2% of portfoliotrimmed
More on Eaton
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #5of 11Electrical Equipment and Parts stocks with the highest profit margins
- #6of 13Electrical Equipment and Parts stocks with the fastest revenue growth
- #8of 13Electrical Equipment and Parts stocks with the lowest price to sales ratio
Its groups
About
- Industry
- Electrical Equipment & Parts
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .