Eaton is a power management company based in Ireland. It makes switchgear, power distribution units, backup power and cooling technology for data centers, buildings and power grids. It also makes components for aircraft and vehicles. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Other industrial and commercial machinery · Dublin, Irelandfull fact sheet
Eaton deals with managing electrical power and supplies markets such as data centers, utilities, industry, commercial, residential, aerospace and mobility. The electrical business, with the segments Electrical Americas and Electrical Global, helps customers manage power reliably from the grid to buildings to data centers. The Aerospace segment supplies aviation technology for civil, military and space customers. In 2026 Eaton combined the Vehicle and eMobility areas in the new Mobility segment. These areas supply makers of cars and commercial vehicles as well as the aftermarket and off-highway vehicles. With the acquisitions of Fibrebond and Resilient Power Systems, Eaton has expanded its offering for data centers and power distribution.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
This method currently detects no pattern for ETN. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Eaton Corporation · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 26, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
–no data: Operating margin above 15%not stated in the SEC filings
✓met: Net margin above 10%14.9%
✓met: Return on equity above 15%21.0%
✓met: Free cash flow margin above 10%12.9%
✓met: Profit in each of the last 5 fiscal years5 of 5
✓met: Free cash flow positive in each of the last 3 fiscal years3 of 3
✓met: Equity ratio above 30%47.1%
Gross margin
37.6%Fiscal year 2025
All30weak
Rank 30 of 100: higher than 30% of 153 peers (All). weak.
Sector61medium
Rank 61 of 100: higher than 61% of 22 peers (Sector). medium.
Median Industrials: 35.4%
Share of revenue left after the direct cost of the products sold.
Net margin
14.9%Fiscal year 2025
All55medium
Rank 55 of 100: higher than 55% of 237 peers (All). medium.
Sector66medium
Rank 66 of 100: higher than 66% of 34 peers (Sector). medium.
Median Industrials: 12.9%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
21.0%Fiscal year 2025
All58medium
Rank 58 of 100: higher than 58% of 218 peers (All). medium.
Sector33medium
Rank 33 of 100: higher than 33% of 32 peers (Sector). medium.
Median Industrials: 26.3%
Net income divided by equity at fiscal year end.
Return on assets
9.9%Fiscal year 2025 (total assets at year end)
All69strong
Rank 69 of 100: higher than 69% of 238 peers (All). strong.
Sector72strong
Rank 72 of 100: higher than 72% of 34 peers (Sector). strong.
Median Industrials: 7.5%
Net income divided by total assets at fiscal year end.
Equity ratio
47.1%Fiscal year 2025
All65medium
Rank 65 of 100: higher than 65% of 239 peers (All). medium.
Sector75strong
Rank 75 of 100: higher than 75% of 34 peers (Sector). strong.
Median Industrials: 33.2%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
12.9%Fiscal year 2025
All47medium
Rank 47 of 100: higher than 47% of 213 peers (All). medium.
Sector58medium
Rank 58 of 100: higher than 58% of 32 peers (Sector). medium.
Median Industrials: 10.5%
Free cash flow divided by revenue.
Free cash flow
3.6B USDFiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 6 of 6 met · 1 without data
✓met: Over 3 years, revenue grew by more than 5% per year+9.8%
✓met: Over 5 years, revenue grew by more than 5% per year+9.0%
–no data: Over 10 years, revenue grew by more than 5% per yearno comparable figures over 10 years
✓met: Over 3 years, EPS grew by more than 5% per year+19.4%
✓met: Over 5 years, EPS grew by more than 5% per year+24.5%
✓met: Revenue rose in at least 4 of the last 5 fiscal years5 of 5
✓met: Revenue rose in the last fiscal year+10.3%
Revenue growth 3 years
+9.8%per year
All55medium
Rank 55 of 100: higher than 55% of 230 peers (All). medium.
Sector64medium
Rank 64 of 100: higher than 64% of 32 peers (Sector). medium.
Median Industrials: +8.5%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+9.0%per year
All41medium
Rank 41 of 100: higher than 41% of 217 peers (All). medium.
Sector45medium
Rank 45 of 100: higher than 45% of 30 peers (Sector). medium.
Median Industrials: +9.2%
Average growth per year over 5 fiscal years.
EPS growth 3 years
+19.4%per year
All67strong
Rank 67 of 100: higher than 67% of 157 peers (All). strong.
Sector67strong
Rank 67 of 100: higher than 67% of 23 peers (Sector). strong.
Median Industrials: +10.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+24.5%per year
All74strong
Rank 74 of 100: higher than 74% of 146 peers (All). strong.
Sector74strong
Rank 74 of 100: higher than 74% of 21 peers (Sector). strong.
Median Industrials: +13.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+9.5%per year
All45medium
Rank 45 of 100: higher than 45% of 140 peers (All). medium.
Sector60medium
Rank 60 of 100: higher than 60% of 21 peers (Sector). medium.
Median Industrials: +8.1%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 7 of 7 met
✓met: Pays a dividend4.16 USD
✓met: Payout ratio at most 60% of earnings40%
✓met: Dividend paid in each of the last 5 fiscal years5 of 5
✓met: Dividend per share never lowered in the last 5 fiscal yearsDividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut.never
✓met: Dividend per share higher than 5 years ago+7.3%
✓met: Free cash flow per share covers the dividend2.2x
✓met: Dividends paid over the last 5 years covered by free cash flow52% of free cash flow
Payout ratio
40%Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+7.3%per year
All39medium
Rank 39 of 100: higher than 39% of 118 peers (All). medium.
Sector33medium
Rank 33 of 100: higher than 33% of 20 peers (Sector). medium.
Median Industrials: +7.7%
Growth of the dividend per share per year.
Free cash flow coverage
2.2xFiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 5 of 6 met
✗not met: Piotroski F-Score at least 7 of 96 of 9
✓met: Long-term debt no higher than equity0.51
✓met: Current assets cover current liabilities1.32
✓met: Positive equity19.4B USD
✓met: In 5 years, share count up by at most 5%−3.2%
✓met: Free cash flow positive in the last fiscal year3.6B USD
Piotroski F-Score
6 of 9Fiscal year 2025
All45medium
Rank 45 of 100: higher than 45% of 134 peers (All). medium.
Sector45medium
Rank 45 of 100: higher than 45% of 20 peers (Sector). medium.
Median Industrials: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.51at fiscal year end
All56medium
Rank 56 of 100: lower than 56% of 199 peers (All). medium.
Sector64medium
Rank 64 of 100: lower than 64% of 32 peers (Sector). medium.
Median Industrials: 0.62
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.32at fiscal year end
All48medium
Rank 48 of 100: higher than 48% of 215 peers (All). medium.
Sector59medium
Rank 59 of 100: higher than 59% of 33 peers (Sector). medium.
Median Industrials: 1.22
Current assets divided by current liabilities.
Change in share count
−3.2%in 5 years
All57medium
Rank 57 of 100: lower than 57% of 199 peers (All). medium.
Sector43medium
Rank 43 of 100: lower than 43% of 29 peers (Sector). medium.
Median Industrials: −5.4%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
✓met: Profit in the last fiscal year (positive return on assets)
✓met: Positive operating cash flow
✓met: Return on assets higher than the prior year
✓met: Operating cash flow higher than net income
✗not met: Long-term debt relative to total assets fell
✗not met: Liquidity (current assets / current liabilities) rose
✓met: No additional shares (diluted share count did not rise)
✗not met: Gross margin higher than the prior year
✓met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
Light green: Revenue grew over 5 years (+9.0% per year), at least as fast as the sector median.
Light green: Net income (total) grew over 5 years (+23.7% per year), at least as fast as the sector median; per share +24.5% per year.
Light green: Net margin 14.9%, above the sector median (11.1%).
Light yellow: Debt higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
010B20B30B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 0.0 USD · Net income 1.9B USD · Net margin not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 20.4B USD · Net income 3.0B USD · Net margin 14.6%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 21.6B USD · Net income 2.1B USD · Net margin 9.9%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 21.4B USD · Net income 2.2B USD · Net margin 10.3%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 17.9B USD · Net income 1.4B USD · Net margin 7.9%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 19.6B USD · Net income 2.1B USD · Net margin 10.9%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 20.8B USD · Net income 2.5B USD · Net margin 11.9%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 23.2B USD · Net income 3.2B USD · Net margin 13.9%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 24.9B USD · Net income 3.8B USD · Net margin 15.3%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 27.4B USD · Net income 4.1B USD · Net margin 14.9%
Margin
15%10%10%8%11%12%14%15%15%
RevenueNet incomeNet margin (below)in USD
02.5B5B7.5B10B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 5.9B USD · Net income 891.0M USD · Net margin 15.2%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 6.0B USD · Net income 945.0M USD · Net margin 15.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 5.9B USD · Net income 821.0M USD · Net margin 13.8%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 6.4B USD · Net income 993.0M USD · Net margin 15.6%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 6.3B USD · Net income 1.0B USD · Net margin 15.9%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 6.2B USD · Net income 971.0M USD · Net margin 15.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 6.4B USD · Net income 964.0M USD · Net margin 15.1%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 7.0B USD · Net income 982.0M USD · Net margin 14.0%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 7.0B USD · Net income 1.0B USD · Net margin 14.5%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 7.1B USD · Net income 1.1B USD · Net margin 16.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 7.5B USD · Net income 866.0M USD · Net margin 11.6%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 8.5B USD · Net income 821.0M USD · Net margin 9.6%
Margin
15%16%14%16%16%16%15%14%14%16%12%10%
Earnings per shareUSD per share
05.001015
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 4.21 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 6.68 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 4.91 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 5.25 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 3.49 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 5.34 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 6.14 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 8.02 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 9.50 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 10.45 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 2.22 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 2.11 USD
Dividend per sharePayout ratio (below)USD per share
02.004.006.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 2.28 USD · Payout ratio 54.2%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 2.40 USD · Payout ratio 35.9%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 2.64 USD · Payout ratio 53.8%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 2.84 USD · Payout ratio 54.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 2.92 USD · Payout ratio 83.7%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 3.04 USD · Payout ratio 56.9%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 3.24 USD · Payout ratio 52.8%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 3.44 USD · Payout ratio 42.9%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 3.76 USD · Payout ratio 39.6%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 4.16 USD · Payout ratio 39.8%
Ratio
54%36%54%54%84%57%53%43%40%40%
Dividend per sharePayout ratio (below)USD per share
00.501.001.50
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.86 USD · Payout ratio 38.7%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.86 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.94 USD · Payout ratio 46.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.94 USD · Payout ratio 37.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.94 USD · Payout ratio 37.2%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.94 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 1.04 USD · Payout ratio 42.4%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.04 USD · Payout ratio 41.4%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 1.04 USD · Payout ratio 40.2%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 1.04 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.10 USD · Payout ratio 49.5%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.10 USD · Payout ratio 52.1%
Ratio
39%46%38%37%42%41%40%50%52%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 27.4B USD · Net income 4.1B USD · Net margin 14.9%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 37.6 USD gross profit and 14.9 USD net income remained.
2016Fiscal year 2016: Operating cash flow 2.6B USD · Capital expenditure 497.0M USD · Free cash flow 2.1B USD
2017Fiscal year 2017: Operating cash flow 2.7B USD · Capital expenditure 520.0M USD · Free cash flow 2.1B USD
2018Fiscal year 2018: Operating cash flow 2.7B USD · Capital expenditure 565.0M USD · Free cash flow 2.1B USD
2019Fiscal year 2019: Operating cash flow 3.5B USD · Capital expenditure 587.0M USD · Free cash flow 2.9B USD
2020Fiscal year 2020: Operating cash flow 2.9B USD · Capital expenditure 389.0M USD · Free cash flow 2.6B USD
2021Fiscal year 2021: Operating cash flow 2.2B USD · Capital expenditure 575.0M USD · Free cash flow 1.6B USD
2022Fiscal year 2022: Operating cash flow 2.5B USD · Capital expenditure 598.0M USD · Free cash flow 1.9B USD
2023Fiscal year 2023: Operating cash flow 3.6B USD · Capital expenditure 757.0M USD · Free cash flow 2.9B USD
2024Fiscal year 2024: Operating cash flow 4.3B USD · Capital expenditure 808.0M USD · Free cash flow 3.5B USD
2025Fiscal year 2025: Operating cash flow 4.5B USD · Capital expenditure 919.0M USD · Free cash flow 3.6B USD
Share count
The share count fell in 5 years by 3.2% (mostly through share repurchases).
Diluted share count
0200M400M600M
2016Fiscal year 2016: Diluted share count 456.5M
2017Fiscal year 2017: Diluted share count 447.0M
2018Fiscal year 2018: Diluted share count 436.9M
2019Fiscal year 2019: Diluted share count 420.8M
2020Fiscal year 2020: Diluted share count 404.0M
2021Fiscal year 2021: Diluted share count 401.6M
2022Fiscal year 2022: Diluted share count 400.8M
2023Fiscal year 2023: Diluted share count 401.1M
2024Fiscal year 2024: Diluted share count 399.4M
2025Fiscal year 2025: Diluted share count 391.2M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
4.16USD · Fiscal year 2025
Dividend growth per year
3 y+8.7%5 y+7.3%10 y+6.6%
Years without a cut
at least 10as far as the data goes
Payout ratio
of earnings40%of free cash flow46%
To shareholders (5 years)
11.8B USD40% through repurchases
Share count over 5 years
−3.2%fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 2.92 USD to 4.16 USD.
Dividend per shareUSD per sharePer share as filed with the SEC, including special dividends; obvious filing errors are hidden.
02.004.006.00
2016Fiscal year 2016: Dividend per share 2.28 USD
2017Fiscal year 2017: Dividend per share 2.40 USD
2018Fiscal year 2018: Dividend per share 2.64 USD
2019Fiscal year 2019: Dividend per share 2.84 USD
2020Fiscal year 2020: Dividend per share 2.92 USD
2021Fiscal year 2021: Dividend per share 3.04 USD
2022Fiscal year 2022: Dividend per share 3.24 USD
2023Fiscal year 2023: Dividend per share 3.44 USD
2024Fiscal year 2024: Dividend per share 3.76 USD
2025Fiscal year 2025: Dividend per share 4.16 USD
Payout ratios
The payout ratio fell in 5 years from 83.7% to 39.8%.
Payout ratio (earnings)Payout ratio (free cash flow)
0%25%50%75%100%
2016Fiscal year 2016: Payout ratio (earnings) 54.2% · Payout ratio (free cash flow) 50.5%
2017Fiscal year 2017: Payout ratio (earnings) 35.9% · Payout ratio (free cash flow) 49.8%
2018Fiscal year 2018: Payout ratio (earnings) 53.8% · Payout ratio (free cash flow) 54.9%
2019Fiscal year 2019: Payout ratio (earnings) 54.1% · Payout ratio (free cash flow) 41.9%
2020Fiscal year 2020: Payout ratio (earnings) 83.7% · Payout ratio (free cash flow) 46.0%
2021Fiscal year 2021: Payout ratio (earnings) 56.9% · Payout ratio (free cash flow) 76.8%
2022Fiscal year 2022: Payout ratio (earnings) 52.8% · Payout ratio (free cash flow) 67.1%
2023Fiscal year 2023: Payout ratio (earnings) 42.9% · Payout ratio (free cash flow) 48.1%
2024Fiscal year 2024: Payout ratio (earnings) 39.6% · Payout ratio (free cash flow) 42.6%
2025Fiscal year 2025: Payout ratio (earnings) 39.8% · Payout ratio (free cash flow) 45.8%
What goes back to shareholders
Over 5 years, 11.8B USD went back to shareholders, 40% of it through share repurchases. That is 88% of the free cash flow of those years.
2016Fiscal year 2016: Dividends paid 1.0B USD · Share repurchases 730.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.1B USD
2017Fiscal year 2017: Dividends paid 1.1B USD · Share repurchases 850.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.1B USD
2018Fiscal year 2018: Dividends paid 1.1B USD · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 2.1B USD
2019Fiscal year 2019: Dividends paid 1.2B USD · Share repurchases 1.0B USD · New shares issued (including employee plans) not available · Free cash flow 2.9B USD
2020Fiscal year 2020: Dividends paid 1.2B USD · Share repurchases 1.6B USD · New shares issued (including employee plans) not available · Free cash flow 2.6B USD
2021Fiscal year 2021: Dividends paid 1.2B USD · Share repurchases 122.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.6B USD
2022Fiscal year 2022: Dividends paid 1.3B USD · Share repurchases 286.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.9B USD
2023Fiscal year 2023: Dividends paid 1.4B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 2.9B USD
2024Fiscal year 2024: Dividends paid 1.5B USD · Share repurchases 2.5B USD · New shares issued (including employee plans) not available · Free cash flow 3.5B USD
2025Fiscal year 2025: Dividends paid 1.6B USD · Share repurchases 1.9B USD · New shares issued (including employee plans) not available · Free cash flow 3.6B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Sector comparison
Eaton Corporation next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.
Sector comparison ETN, sector Industrials; last row: sector median
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+9.0%per year, last 5 years
Sector Industrials: median +8.0% (82 symbols)
What does this mean? Revenue: over 5 years it grew by 9.0% per year on average – at least as fast as the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+23.7%per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: +24.5% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 23.7% per year on average – at least as fast as the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 14.89 USD remained as profit – at least as much as the median company in the sector (11.1%). Five years ago the margin was 7.9%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light yellow: higher than sector
0.91latest balance sheet
Sector Industrials: median 0.58 (77 symbols)
What does this mean? For every 1 USD of equity there is 0.91 USD of financial debt – more than the median company in the sector (0.58). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light green: covered
40%Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.40 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
27.4B USD
Revenue vs. prior year
+10.3%
Net income (FY)
4.1B USD
Net income vs. prior year
+7.7%
EPS (FY)
10.45 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
+4.6%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 26, 2026 · Balance sheet Jun 30, 2026 (filed Jul 31, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
27.4B
4.1B
14.9%
10.45
4.16
40%
2024
Dec 31, 2024
24.9B
3.8B
15.3%
9.50
3.76
40%
2023
Dec 31, 2023
23.2B
3.2B
13.9%
8.02
3.44
43%
2022
Dec 31, 2022
20.8B
2.5B
11.9%
6.14
3.24
53%
2021
Dec 31, 2021
19.6B
2.1B
10.9%
5.34
3.04
57%
2020
Dec 31, 2020
17.9B
1.4B
7.9%
3.49
2.92
84%
2019
Dec 31, 2019
21.4B
2.2B
10.3%
5.25
2.84
54%
2018
Dec 31, 2018
21.6B
2.1B
9.9%
4.91
2.64
54%
2017
Dec 31, 2017
20.4B
3.0B
14.6%
6.68
2.40
36%
2016
Dec 31, 2016
0.0
1.9B
–
4.21
2.28
54%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
8.5B
821.0M
9.6%
2.11
1.10
52%
Q1/26
Mar 31, 2026
7.5B
866.0M
11.6%
2.22
1.10
50%
Q4/25*
Dec 31, 2025
7.1B
1.1B
16.0%
–
1.04
–
Q3/25
Sep 30, 2025
7.0B
1.0B
14.5%
2.59
1.04
40%
Q2/25
Jun 30, 2025
7.0B
982.0M
14.0%
2.51
1.04
41%
Q1/25
Mar 31, 2025
6.4B
964.0M
15.1%
2.45
1.04
42%
Q4/24*
Dec 31, 2024
6.2B
971.0M
15.6%
–
0.94
–
Q3/24
Sep 30, 2024
6.3B
1.0B
15.9%
2.53
0.94
37%
Q2/24
Jun 30, 2024
6.4B
993.0M
15.6%
2.48
0.94
38%
Q1/24
Mar 31, 2024
5.9B
821.0M
13.8%
2.04
0.94
46%
Q4/23*
Dec 31, 2023
6.0B
945.0M
15.8%
–
0.86
–
Q3/23
Sep 30, 2023
5.9B
891.0M
15.2%
2.22
0.86
39%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
May 13, 2026Galvao AntonioOfficerOpen-market sale494 shares · $200.5K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -5
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)24.1
Rel. strength 60 d−13.2%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.