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ETN · NYSE · United States · Misc Industrial & Commercial Machinery & Equipment
In shortEaton Corp plc is profitable, generates cash and carries moderate debt, with revenue growing (+10.3% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | – | n/a |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 14.9% | 80/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 21.6% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.32× | 43/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.51× | 83/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.9% | 72/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.87× | 71/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 2.5% | 100/100 |
| Operating margin volatility | – | n/a |
Weight in the score: 20%
| Revenue growth, 3-year average | 9.8% | 71/100 |
|---|---|---|
| EPS growth, 3-year average | 19.4% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 19,628 | 20,752 | 23,196 | 24,878 | 27,448 |
| Cost of revenue | 13,293 | 13,865 | 14,762 | 15,375 | 17,131 |
| Gross profit | 6,335 | 6,887 | 8,434 | 9,503 | 10,317 |
| Research & development | 616 | 665 | 754 | 794 | 797 |
| Selling, general & admin | 3,256 | 3,227 | 3,795 | 4,077 | 4,311 |
| Interest expense | 144 | – | 151 | 130 | 241 |
| Pre-tax income | 2,896 | 2,911 | 3,827 | 4,566 | 4,932 |
| Income tax | 750 | 445 | 604 | 768 | 841 |
| Net income | 2,144 | 2,462 | 3,218 | 3,794 | 4,087 |
| Diluted EPS | $5.34 | $6.14 | $8.02 | $9.50 | $10.45 |
| Diluted shares (millions) | 402 | 401 | 401 | 399 | 391 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 31, 2026