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Eaton (ETN) Financials

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$328.10 +7.04 (+2.19%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$328.45 +0.35 (+0.11%)
As of 06:01 AM Eastern
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Annual Income Statements for Eaton

Annual Income Statements for Eaton

This table shows Eaton's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
3,794 3,218 2,462 2,144 1,410 2,211 2,145 2,985 1,916 1,972
Consolidated Net Income / (Loss)
3,798 3,223 2,465 2,146 1,415 2,213 2,146 2,986 1,919 1,974
Net Income / (Loss) Continuing Operations
3,798 3,223 2,466 2,146 1,415 2,213 2,146 2,986 1,919 1,974
Total Pre-Tax Income
4,566 3,827 2,911 2,896 1,746 2,591 2,424 3,368 2,118 2,133
Total Operating Income
4,632 3,885 2,995 2,463 1,824 2,863 2,691 2,538 2,300 2,330
Total Gross Profit
9,503 8,434 6,887 6,335 5,450 7,052 7,098 6,648 6,351 6,551
Total Revenue
24,878 23,196 20,752 19,628 17,858 21,390 21,609 20,404 19,747 20,855
Operating Revenue
24,878 23,196 20,752 19,628 17,858 21,390 21,609 20,404 19,747 20,855
Total Cost of Revenue
15,375 14,762 13,865 13,293 12,408 14,338 14,511 13,756 13,396 14,304
Operating Cost of Revenue
15,375 14,762 13,865 13,293 12,408 14,338 14,511 13,756 13,396 14,304
Total Operating Expenses
4,871 4,549 3,892 3,872 3,626 4,189 4,407 4,110 4,051 4,221
Selling, General & Admin Expense
4,077 3,795 3,227 3,256 3,075 3,583 3,548 3,526 3,464 3,596
Research & Development Expense
794 754 665 616 551 606 584 584 587 625
Total Other Income / (Expense), net
-66 -58 -84 433 -78 -272 -267 830 -182 -197
Interest Expense
130 151 144 144 149 199 258 246 233 232
Other Income / (Expense), net
64 93 60 577 71 -73 -9.00 1,076 51 35
Income Tax Expense
768 604 445 750 331 378 278 382 199 159
Net Income / (Loss) Attributable to Noncontrolling Interest
4.00 5.00 4.00 2.00 5.00 2.00 1.00 1.00 3.00 2.00
Basic Earnings per Share
$9.54 $8.06 $6.17 $5.38 $3.51 $5.28 $4.93 $6.71 $4.21 $4.23
Weighted Average Basic Shares Outstanding
397.60M 399.10M 398.70M 398.70M 402.20M 419M 434.30M 444.50M 455M 465.50M
Diluted Earnings per Share
$9.50 $8.02 $6.14 $5.34 $3.49 $5.25 $4.91 $6.68 $4.20 $4.22
Weighted Average Diluted Shares Outstanding
399.40M 401.10M 400.80M 401.60M 404M 420.80M 436.90M 447M 456.50M 467.10M
Weighted Average Basic & Diluted Shares Outstanding
392M 399.50M 398M 398.80M 398.10M 413.40M 423.60M 448.20M 454M 465.60M
Cash Dividends to Common per Share
$3.76 $3.44 $3.24 $3.04 $2.92 $2.84 $2.64 $2.40 $2.28 $2.20

Quarterly Income Statements for Eaton

This table shows Eaton's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
964 971 1,009 993 821 945 891 744 638 722 607
Consolidated Net Income / (Loss)
965 971 1,011 994 822 947 892 745 639 723 608
Net Income / (Loss) Continuing Operations
965 971 1,011 994 822 947 892 745 639 724 608
Total Pre-Tax Income
1,177 1,166 1,204 1,195 1,001 1,088 1,079 898 762 852 720
Total Operating Income
1,201 1,224 1,211 1,193 1,004 1,078 1,060 946 801 875 790
Total Gross Profit
2,447 2,429 2,446 2,410 2,218 2,235 2,196 2,119 1,884 1,838 1,768
Total Revenue
6,377 6,240 6,345 6,350 5,943 5,967 5,880 5,866 5,483 5,384 5,313
Operating Revenue
6,377 6,240 6,345 6,350 5,943 5,967 5,880 5,866 5,483 5,384 5,313
Total Cost of Revenue
3,930 3,811 3,899 3,940 3,725 3,732 3,684 3,747 3,599 3,546 3,545
Operating Cost of Revenue
3,930 3,811 3,899 3,940 3,725 3,732 3,684 3,747 3,599 3,546 3,545
Total Operating Expenses
1,246 1,205 1,235 1,217 1,214 1,157 1,136 1,173 1,083 963 978
Selling, General & Admin Expense
1,048 1,003 1,028 1,021 1,025 956 949 986 904 796 813
Research & Development Expense
198 202 207 196 189 201 187 187 179 167 165
Total Other Income / (Expense), net
-24 -58 -7.00 3.00 -4.00 11 19 -49 -39 -23 -71
Interest Expense
33 42 29 29 30 26 33 42 50 44 37
Other Income / (Expense), net
9.00 -16 22 32 26 37 52 -7.00 11 21 -34
Income Tax Expense
212 195 193 201 179 141 187 153 123 128 112
Net Income / (Loss) Attributable to Noncontrolling Interest
1.00 1.00 1.00 1.00 1.00 2.00 1.00 1.00 1.00 2.00 1.00
Basic Earnings per Share
$2.46 $2.46 $2.54 $2.49 $2.05 $2.37 $2.23 $1.86 $1.60 $1.81 $1.52
Weighted Average Basic Shares Outstanding
392.20M 397.60M 397.10M 399.20M 399.90M 399.10M 399.40M 398.90M 398.50M 398.70M 398.40M
Diluted Earnings per Share
$2.45 $2.45 $2.53 $2.48 $2.04 $2.35 $2.22 $1.86 $1.59 $1.79 $1.52
Weighted Average Diluted Shares Outstanding
393.60M 399.40M 398.90M 401M 401.90M 401.10M 401.60M 400.70M 400.50M 400.80M 400.30M
Weighted Average Basic & Diluted Shares Outstanding
391.30M 392M 395.20M 398.10M 399.80M 399.50M 399.30M 399M 398.60M 398M 397.70M
Cash Dividends to Common per Share
$1.04 $0.94 $0.94 $0.94 $0.94 $0.86 $0.86 $0.86 $0.86 $0.81 $0.81

Annual Cash Flow Statements for Eaton

This table details how cash moves in and out of Eaton's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
67 194 -3.00 -141 68 87 -278 -600 275 -513
Net Cash From Operating Activities
4,327 3,624 2,533 2,163 2,944 3,451 2,658 2,666 2,570 2,409
Net Cash From Continuing Operating Activities
4,327 3,624 2,533 2,163 2,944 3,451 2,658 2,649 2,570 2,409
Net Income / (Loss) Continuing Operations
3,798 3,223 2,465 2,146 1,415 2,213 2,146 2,986 1,919 1,974
Consolidated Net Income / (Loss)
3,798 3,223 2,465 2,146 1,415 2,213 2,146 2,986 1,919 1,974
Depreciation Expense
921 926 954 922 811 884 903 914 929 925
Non-Cash Adjustments To Reconcile Net Income
6.00 -5.00 6.00 -164 96 208 134 -863 -30 -31
Changes in Operating Assets and Liabilities, net
-398 -520 -892 -741 622 146 -525 -388 -248 -459
Net Cash From Investing Activities
-271 -2,575 -1,200 -1,764 397 -1,866 -398 -217 -529 -575
Net Cash From Continuing Investing Activities
-270 -2,574 -1,201 -1,764 397 -1,866 -398 -824 -529 -575
Purchase of Property, Plant & Equipment
-808 -757 -598 -575 -389 -587 -565 -520 -497 -506
Acquisitions
-50 0.00 -610 -4,500 -200 -1,180 0.00 0.00 - -72
Purchase of Investments
502 24 -89 -151 75 43 -110 -298 0.00 -
Sale of Property, Plant & Equipment
85 76 163 44 12 - - - - -
Divestitures
0.00 -2.00 31 3,129 1,408 -36 0.00 - 0.00 1.00
Sale and/or Maturity of Investments
33 -1,852 -18 379 -441 -70 355 - -40 37
Other Investing Activities, net
-32 -63 -80 -90 -68 -36 -78 -6.00 8.00 -35
Net Cash From Financing Activities
-3,936 -871 -1,340 -535 -3,258 -1,494 -2,581 -2,442 -1,738 -2,305
Net Cash From Continuing Financing Activities
-3,936 -871 -1,340 -535 -3,258 -1,494 -2,581 -2,442 -1,738 -2,305
Repayment of Debt
-1,027 -339 -1,718 -1,008 -509 -516 -576 -1,568 -658 -1,036
Repurchase of Common Equity
-2,492 0.00 -286 -122 -1,608 -1,029 -1,271 -850 -730 -682
Payment of Dividends
-1,500 -1,379 -1,299 -1,219 -1,175 -1,201 -1,149 -1,068 -1,037 -1,026
Issuance of Debt
1,084 818 1,995 1,798 0.00 1,232 410 1,000 631 425
Other Financing Activities, net
-1.00 29 -32 16 34 20 5.00 44 56 14
Effect of Exchange Rate Changes
-52 16 4.00 -5.00 -15 -4.00 43 - -28 -42

Quarterly Cash Flow Statements for Eaton

This table details how cash moves in and out of Eaton's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
1,221 81 -66 67 -15 140 -5.00 118 -59 63 -132
Net Cash From Operating Activities
238 1,597 1,309 946 475 1,298 1,141 850 335 1,186 965
Net Cash From Continuing Operating Activities
238 1,597 1,309 946 475 1,298 1,141 850 335 1,187 965
Net Income / (Loss) Continuing Operations
965 971 1,011 994 822 946 893 745 639 722 608
Consolidated Net Income / (Loss)
965 971 1,011 994 822 946 893 745 639 722 608
Depreciation Expense
232 234 235 227 225 231 229 228 238 238 237
Non-Cash Adjustments To Reconcile Net Income
5.00 1.00 2.00 3.00 0.00 -3.00 -1.00 - -1.00 9.00 12
Changes in Operating Assets and Liabilities, net
-964 391 61 -278 -572 124 20 -123 -541 218 108
Net Cash From Investing Activities
1,233 -271 511 -544 33 -793 -752 -906 -124 -217 -161
Net Cash From Continuing Investing Activities
1,233 -270 511 -544 33 -783 -761 -907 -123 -218 -160
Purchase of Property, Plant & Equipment
-147 -255 -183 -187 -183 -243 -228 -160 -126 -209 -135
Purchase of Investments
-13 584 112 -344 150 31 61 -41 -27 -2.00 -66
Sale of Property, Plant & Equipment
49 1.00 7.00 19 58 22 54 -3.00 3.00 -3.00 74
Sale and/or Maturity of Investments
1,366 -595 594 23 11 -548 -636 -709 41 16 -25
Other Investing Activities, net
-22 -5.00 -20 -4.00 -3.00 -43 -12 6.00 -14 -22 -17
Net Cash From Financing Activities
-244 -1,244 -1,853 -303 -536 -364 -394 168 -281 -895 -937
Net Cash From Continuing Financing Activities
-244 -1,244 -1,854 -302 -536 -363 -396 167 -279 -894 -938
Repayment of Debt
-3.00 -9.00 -607 -396 -15 -24 -78 3.00 -240 312 -2,023
Repurchase of Common Equity
-615 -877 -877 -600 -138 - - - 0.00 - -100
Payment of Dividends
-397 -370 -374 -388 -368 -344 -343 -358 -334 -322 -323
Issuance of Debt
805 - - 1,084 0.00 - - 500 318 -896 1,507
Other Financing Activities, net
-34 12 4.00 -2.00 -15 5.00 25 22 -23 12 1.00
Other Net Changes in Cash
-7.00 - - - - - - - - - -

Annual Balance Sheets for Eaton

This table presents Eaton's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
38,381 38,432 35,014 34,027 31,824 32,805 31,092 32,623 30,476 30,996
Total Current Assets
11,801 11,675 8,746 7,511 9,178 8,728 7,590 8,337 7,033 6,616
Cash & Equivalents
555 488 294 297 438 370 283 561 543 268
Short-Term Investments
1,525 2,121 261 271 664 221 157 534 203 177
Accounts Receivable
4,619 4,475 4,076 3,297 2,904 3,437 3,858 3,943 3,560 3,479
Inventories, net
4,227 3,739 3,430 2,969 2,109 2,805 2,785 2,620 2,346 2,323
Prepaid Expenses
874 851 685 677 576 518 507 679 381 369
Plant, Property, & Equipment, net
3,729 3,530 3,146 3,064 2,964 3,496 3,467 3,502 3,443 3,565
Plant, Property & Equipment, gross
9,062 8,738 8,013 7,818 7,588 8,706 8,572 8,505 8,039 7,884
Accumulated Depreciation
5,333 5,208 4,867 4,754 4,624 5,210 5,105 5,003 4,596 4,319
Total Noncurrent Assets
22,852 23,226 23,121 23,452 19,682 20,581 20,035 20,784 20,000 20,815
Goodwill
14,713 14,977 14,796 14,751 12,903 13,456 13,328 13,568 13,201 13,479
Intangible Assets
4,658 5,091 5,485 5,855 4,175 4,638 4,846 5,265 5,514 6,014
Noncurrent Deferred & Refundable Income Taxes
609 458 330 392 426 372 293 253 325 362
Other Noncurrent Operating Assets
2,872 2,700 2,510 2,454 2,178 2,115 1,568 1,698 960 960
Total Liabilities & Shareholders' Equity
38,381 38,432 35,014 34,027 31,824 32,805 31,092 32,623 30,476 30,996
Total Liabilities
19,851 19,363 17,940 17,576 16,851 16,672 14,950 15,333 15,478 15,765
Total Current Liabilities
7,857 7,747 6,360 7,212 5,881 5,132 5,154 5,075 5,485 4,625
Short-Term Debt
674 1,025 334 1,748 1,048 503 753 584 1,566 668
Accounts Payable
3,678 3,365 3,072 2,797 1,987 2,114 2,130 2,166 1,718 1,758
Current Employee Benefit Liabilities
670 676 467 501 351 449 457 453 379 366
Other Current Liabilities
2,835 2,680 2,488 2,166 2,027 1,741 1,814 1,872 1,822 1,833
Total Noncurrent Liabilities
11,994 11,616 11,580 10,364 10,970 11,540 9,796 10,258 9,993 11,140
Long-Term Debt
8,478 8,244 8,321 6,831 7,010 7,819 6,768 7,167 6,711 7,746
Noncurrent Deferred & Payable Income Tax Liabilities
275 402 530 559 277 396 349 538 321 390
Noncurrent Employee Benefit Liabilities
905 948 826 1,135 1,918 1,790 1,625 1,588 2,027 2,026
Other Noncurrent Operating Liabilities
2,336 2,022 1,903 1,502 1,439 1,204 1,054 965 934 978
Total Equity & Noncontrolling Interests
18,531 19,069 17,075 16,451 14,973 16,133 16,142 17,290 14,998 15,231
Total Preferred & Common Equity
18,488 19,036 17,038 16,413 14,930 16,082 16,107 17,253 14,954 15,186
Total Common Equity
18,488 19,036 17,037 16,413 14,930 16,082 16,107 17,253 14,954 15,186
Common Stock
12,735 12,638 12,516 12,453 12,333 12,204 12,094 11,991 11,850 11,706
Retained Earnings
10,096 10,305 8,468 7,594 6,794 8,170 8,161 8,669 7,555 7,346
Accumulated Other Comprehensive Income / (Loss)
-4,342 -3,906 -3,946 -3,633 -4,195 -4,290 -4,145 -3,404 -4,448 -3,863
Other Equity Adjustments
-1.00 -1.00 -1.00 -1.00 -2.00 -2.00 -3.00 -3.00 -3.00 -3.00
Noncontrolling Interest
43 33 38 38 43 51 35 37 44 45

Quarterly Balance Sheets for Eaton

This table presents Eaton's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
39,206 38,381 39,236 39,381 38,535 38,432 37,289 36,772 35,517 35,014 34,364
Total Current Assets
12,434 11,801 12,152 12,652 11,853 11,675 10,983 10,303 9,138 8,746 8,540
Cash & Equivalents
1,777 555 473 540 473 488 348 353 235 294 231
Short-Term Investments
162 1,525 1,521 2,241 1,969 2,121 1,558 977 289 261 287
Accounts Receivable
5,094 4,619 4,886 4,861 4,674 4,475 4,460 4,399 4,239 4,076 3,816
Inventories, net
4,392 4,227 4,178 3,963 3,868 3,739 3,713 3,670 3,604 3,430 3,428
Prepaid Expenses
1,009 874 1,094 1,046 870 851 904 904 772 685 778
Plant, Property, & Equipment, net
3,765 3,729 3,711 3,604 3,558 3,530 3,341 3,267 3,206 3,146 2,967
Plant, Property & Equipment, gross
9,158 9,062 9,106 8,852 8,792 8,738 8,403 8,337 8,195 8,013 7,670
Accumulated Depreciation
5,394 5,333 5,395 5,248 5,234 5,208 5,062 5,071 4,989 4,867 4,702
Total Noncurrent Assets
23,007 22,852 23,373 23,126 23,125 23,226 22,964 23,203 23,174 23,121 22,858
Goodwill
14,851 14,713 15,044 14,849 14,877 14,977 14,781 14,914 14,894 14,796 14,479
Intangible Assets
4,586 4,658 4,809 4,883 4,975 5,091 5,158 5,285 5,386 5,485 5,492
Noncurrent Deferred & Refundable Income Taxes
609 609 549 499 481 458 349 354 340 330 386
Other Noncurrent Operating Assets
2,961 2,872 2,971 2,895 2,792 2,700 2,676 2,650 2,554 2,510 2,501
Total Liabilities & Shareholders' Equity
39,206 38,381 39,236 39,381 38,535 38,432 37,289 36,772 35,517 35,014 34,364
Total Liabilities
20,658 19,851 20,073 20,128 19,210 19,363 18,869 18,785 18,033 17,940 18,261
Total Current Liabilities
9,522 7,857 7,941 8,120 7,613 7,747 7,563 6,725 6,087 6,360 6,653
Short-Term Debt
2,471 674 717 1,282 995 1,025 999 496 95 334 926
Accounts Payable
3,654 3,678 3,609 3,497 3,400 3,365 3,255 3,192 3,118 3,072 2,937
Current Employee Benefit Liabilities
489 670 687 529 492 676 592 465 350 467 432
Other Current Liabilities
2,908 2,835 2,928 2,812 2,726 2,680 2,716 2,571 2,524 2,488 2,358
Total Noncurrent Liabilities
11,136 11,994 12,132 12,008 11,597 11,616 11,306 12,060 11,946 11,580 11,608
Long-Term Debt
7,609 8,478 8,678 8,555 8,192 8,244 8,150 8,804 8,701 8,321 8,082
Noncurrent Deferred & Payable Income Tax Liabilities
267 275 387 429 419 402 460 531 537 530 527
Noncurrent Employee Benefit Liabilities
895 905 883 884 907 948 781 815 825 826 1,063
Other Noncurrent Operating Liabilities
2,365 2,336 2,184 2,140 2,079 2,022 1,915 1,910 1,883 1,903 1,489
Total Equity & Noncontrolling Interests
18,547 18,531 19,162 19,254 19,326 19,069 18,420 17,988 17,485 17,075 16,103
Total Preferred & Common Equity
18,506 18,488 19,117 19,219 19,292 19,036 18,383 17,953 17,449 17,038 16,068
Total Common Equity
18,505 18,488 19,116 19,218 19,292 19,036 18,383 17,953 17,449 17,037 16,068
Common Stock
12,715 12,735 12,698 12,666 12,634 12,638 12,608 12,558 12,506 12,516 12,482
Retained Earnings
10,041 10,096 10,366 10,622 10,605 10,305 9,703 9,156 8,757 8,468 8,070
Accumulated Other Comprehensive Income / (Loss)
-4,250 -4,342 -3,947 -4,069 -3,946 -3,906 -3,927 -3,760 -3,814 -3,946 -4,483
Other Equity Adjustments
-1.00 -1.00 -1.00 -1.00 -1.00 -1.00 -1.00 -1.00 0.00 -1.00 -1.00
Noncontrolling Interest
41 43 45 35 34 33 36 36 36 38 35

Annual Metrics And Ratios for Eaton

This table displays calculated financial ratios and metrics derived from Eaton's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
7.25% 11.78% 5.73% 9.91% -16.51% -1.01% 5.91% 3.33% -5.31% -7.52%
EBITDA Growth
14.54% 22.32% 1.19% 46.42% -26.35% 2.48% -20.83% 38.05% -0.30% 10.74%
EBIT Growth
18.05% 30.21% 0.49% 60.42% -32.08% 4.03% -25.79% 53.72% -0.59% 18.96%
NOPAT Growth
17.76% 28.96% 39.01% 23.47% -39.55% 2.64% 5.88% 7.98% -3.36% 16.68%
Net Income Growth
17.84% 30.75% 14.86% 51.66% -36.06% 3.12% -28.13% 55.60% -2.79% 9.48%
EPS Growth
18.45% 30.62% 14.98% 53.01% -33.52% 6.92% -26.50% 59.05% -0.47% 12.23%
Operating Cash Flow Growth
19.40% 43.07% 17.11% -26.53% -14.69% 29.83% -0.30% 3.74% 6.68% 28.27%
Free Cash Flow Firm Growth
46.51% 25.49% 179.05% -162.43% 73.65% -18.68% 272.73% -69.76% -1.73% 3.67%
Invested Capital Growth
-0.49% 2.21% 1.50% 22.55% -12.56% -0.34% -3.02% 6.29% -2.89% -2.71%
Revenue Q/Q Growth
1.11% 2.58% 2.91% 0.57% -2.99% -1.02% 1.15% 1.73% -0.95% -2.38%
EBITDA Q/Q Growth
1.74% 4.52% 6.34% 2.54% 0.26% -5.46% -21.88% 34.72% 0.18% -2.08%
EBIT Q/Q Growth
2.02% 5.83% 8.49% 2.29% 0.80% -6.84% -27.12% 47.69% 0.43% -2.59%
NOPAT Q/Q Growth
2.14% 6.37% 6.87% 3.35% -2.35% -4.52% -0.21% 5.73% -1.83% -2.73%
Net Income Q/Q Growth
0.64% 7.47% 7.50% 3.62% 1.65% -7.48% -0.09% 4.63% -1.29% -2.85%
EPS Q/Q Growth
1.06% 7.51% 7.34% 3.69% 2.95% -6.91% 0.82% 5.20% -0.71% -2.09%
Operating Cash Flow Q/Q Growth
7.42% 3.19% 18.25% -6.40% 0.20% 3.51% -2.17% 9.94% -5.24% -6.37%
Free Cash Flow Firm Q/Q Growth
38.57% 10.67% 23.58% -2.54% -11.51% -5.28% 17.97% -45.37% 11.60% -16.44%
Invested Capital Q/Q Growth
-3.62% 0.25% 0.52% 1.56% 1.27% -1.20% -1.30% 0.72% -2.77% -1.35%
Profitability Metrics
- - - - - - - - - -
Gross Margin
38.20% 36.36% 33.19% 32.28% 30.52% 32.97% 32.85% 32.58% 32.16% 31.41%
EBITDA Margin
22.58% 21.14% 19.32% 20.19% 15.15% 17.18% 16.59% 22.19% 16.61% 15.78%
Operating Margin
18.62% 16.75% 14.43% 12.55% 10.21% 13.38% 12.45% 12.44% 11.65% 11.17%
EBIT Margin
18.88% 17.15% 14.72% 15.49% 10.61% 13.04% 12.41% 17.71% 11.91% 11.34%
Profit (Net Income) Margin
15.27% 13.89% 11.88% 10.93% 7.92% 10.35% 9.93% 14.63% 9.72% 9.47%
Tax Burden Percent
83.18% 84.22% 84.68% 74.10% 81.04% 85.41% 88.53% 88.66% 90.60% 92.55%
Interest Burden Percent
97.23% 96.20% 95.29% 95.26% 92.14% 92.87% 90.38% 93.19% 90.09% 90.19%
Effective Tax Rate
16.82% 15.78% 15.29% 25.90% 18.96% 14.59% 11.47% 11.34% 9.40% 7.45%
Return on Invested Capital (ROIC)
15.01% 12.86% 10.15% 8.11% 6.82% 10.55% 10.10% 9.68% 9.11% 9.17%
ROIC Less NNEP Spread (ROIC-NNEP)
14.21% 12.19% 9.28% 12.82% 5.79% 7.25% 6.66% 20.06% 6.99% 6.88%
Return on Net Nonoperating Assets (RNNOA)
5.19% 4.98% 4.55% 5.55% 2.28% 3.17% 2.74% 8.81% 3.58% 3.54%
Return on Equity (ROE)
20.20% 17.83% 14.71% 13.66% 9.10% 13.71% 12.84% 18.50% 12.70% 12.71%
Cash Return on Invested Capital (CROIC)
15.50% 10.67% 8.66% -12.16% 20.22% 10.89% 13.17% 3.59% 12.05% 11.92%
Operating Return on Assets (OROA)
12.23% 10.83% 8.85% 9.23% 5.86% 8.73% 8.42% 11.46% 7.65% 7.33%
Return on Assets (ROA)
9.89% 8.78% 7.14% 6.52% 4.38% 6.93% 6.74% 9.46% 6.24% 6.12%
Return on Common Equity (ROCE)
20.16% 17.80% 14.67% 13.62% 9.07% 13.68% 12.81% 18.45% 12.66% 12.67%
Return on Equity Simple (ROE_SIMPLE)
20.54% 16.93% 14.47% 13.08% 9.48% 13.76% 13.32% 17.31% 12.83% 13.00%
Net Operating Profit after Tax (NOPAT)
3,853 3,272 2,537 1,825 1,478 2,445 2,382 2,250 2,084 2,156
NOPAT Margin
15.49% 14.11% 12.23% 9.30% 8.28% 11.43% 11.02% 11.03% 10.55% 10.34%
Net Nonoperating Expense Percent (NNEP)
0.80% 0.66% 0.88% -4.71% 1.03% 3.30% 3.44% -10.37% 2.13% 2.28%
Return On Investment Capital (ROIC_SIMPLE)
13.92% 11.55% 9.86% - - - - - - -
Cost of Revenue to Revenue
61.80% 63.64% 66.81% 67.72% 69.48% 67.03% 67.15% 67.42% 67.84% 68.59%
SG&A Expenses to Revenue
16.39% 16.36% 15.55% 16.59% 17.22% 16.75% 16.42% 17.28% 17.54% 17.24%
R&D to Revenue
3.19% 3.25% 3.20% 3.14% 3.09% 2.83% 2.70% 2.86% 2.97% 3.00%
Operating Expenses to Revenue
19.58% 19.61% 18.75% 19.73% 20.30% 19.58% 20.39% 20.14% 20.51% 20.24%
Earnings before Interest and Taxes (EBIT)
4,696 3,978 3,055 3,040 1,895 2,790 2,682 3,614 2,351 2,365
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
5,617 4,904 4,009 3,962 2,706 3,674 3,585 4,528 3,280 3,290
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.09 4.99 3.55 4.00 2.99 2.18 1.60 1.69 1.64 1.24
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
5.27 4.09 2.92 3.34 2.50 1.64 1.19 1.43 1.24 0.90
Price to Earnings (P/E)
34.57 29.52 24.60 30.59 31.70 15.86 12.01 9.75 12.81 9.53
Dividend Yield
1.13% 1.45% 2.13% 1.85% 3.25% 3.35% 4.44% 3.63% 4.19% 5.42%
Earnings Yield
2.89% 3.39% 4.07% 3.27% 3.15% 6.30% 8.33% 10.26% 7.80% 10.49%
Enterprise Value to Invested Capital (EV/IC)
5.40 3.95 2.73 2.98 2.57 1.87 1.42 1.50 1.43 1.16
Enterprise Value to Revenue (EV/Rev)
5.56 4.38 3.31 3.77 2.91 2.02 1.52 1.75 1.63 1.29
Enterprise Value to EBITDA (EV/EBITDA)
24.62 20.73 17.14 18.67 19.23 11.75 9.17 7.91 9.79 8.15
Enterprise Value to EBIT (EV/EBIT)
29.44 25.56 22.49 24.33 27.45 15.48 12.26 9.91 13.67 11.34
Enterprise Value to NOPAT (EV/NOPAT)
35.89 31.08 27.08 40.52 35.19 17.66 13.80 15.91 15.42 12.43
Enterprise Value to Operating Cash Flow (EV/OCF)
31.96 28.06 27.12 34.19 17.67 12.51 12.37 13.43 12.50 11.13
Enterprise Value to Free Cash Flow (EV/FCFF)
34.75 37.44 31.74 0.00 11.86 17.10 10.59 42.97 11.66 9.56
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.49 0.49 0.51 0.54 0.56 0.54 0.47 0.45 0.55 0.55
Long-Term Debt to Equity
0.46 0.43 0.49 0.44 0.49 0.51 0.42 0.41 0.45 0.51
Financial Leverage
0.37 0.41 0.49 0.43 0.39 0.44 0.41 0.44 0.51 0.51
Leverage Ratio
2.04 2.03 2.06 2.10 2.08 1.98 1.91 1.95 2.03 2.08
Compound Leverage Factor
1.99 1.95 1.96 2.00 1.91 1.84 1.72 1.82 1.83 1.87
Debt to Total Capital
33.06% 32.71% 33.64% 35.15% 35.90% 34.91% 31.78% 30.95% 35.56% 35.58%
Short-Term Debt to Total Capital
2.43% 3.62% 1.30% 6.89% 4.49% 2.03% 3.18% 2.33% 6.73% 2.83%
Long-Term Debt to Total Capital
30.63% 29.09% 32.34% 28.26% 31.41% 32.88% 28.60% 28.62% 28.83% 32.76%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.16% 0.12% 0.15% 0.15% 0.18% 0.21% 0.15% 0.15% 0.19% 0.19%
Common Equity to Total Capital
66.78% 67.17% 66.21% 64.70% 63.92% 64.88% 68.07% 68.90% 64.25% 64.23%
Debt to EBITDA
1.63 1.89 2.16 2.25 3.10 2.36 2.10 1.71 2.52 2.56
Net Debt to EBITDA
1.26 1.36 2.02 2.11 2.69 2.19 1.98 1.47 2.30 2.42
Long-Term Debt to EBITDA
1.51 1.68 2.08 1.81 2.71 2.22 1.89 1.58 2.05 2.35
Debt to NOPAT
2.38 2.83 3.41 4.89 5.67 3.54 3.16 3.44 3.97 3.90
Net Debt to NOPAT
1.84 2.04 3.19 4.57 4.93 3.30 2.97 2.96 3.61 3.70
Long-Term Debt to NOPAT
2.20 2.52 3.28 3.93 4.96 3.33 2.84 3.19 3.22 3.59
Altman Z-Score
5.51 4.39 3.33 3.43 2.77 2.68 2.47 2.62 2.26 2.05
Noncontrolling Interest Sharing Ratio
0.20% 0.20% 0.23% 0.26% 0.30% 0.27% 0.22% 0.25% 0.29% 0.32%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.50 1.51 1.38 1.04 1.56 1.70 1.47 1.64 1.28 1.43
Quick Ratio
0.85 0.91 0.73 0.54 0.68 0.78 0.83 0.99 0.79 0.85
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
3,979 2,716 2,164 -2,738 4,385 2,525 3,105 833 2,755 2,803
Operating Cash Flow to CapEx
598.48% 532.16% 582.30% 407.34% 780.90% 587.90% 470.44% 512.69% 517.10% 476.09%
Free Cash Flow to Firm to Interest Expense
30.61 17.99 15.03 -19.01 29.43 12.69 12.04 3.39 11.82 12.08
Operating Cash Flow to Interest Expense
33.28 24.00 17.59 15.02 19.76 17.34 10.30 10.84 11.03 10.38
Operating Cash Flow Less CapEx to Interest Expense
27.72 19.49 14.57 11.33 17.23 14.39 8.11 8.72 8.90 8.20
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.65 0.63 0.60 0.60 0.55 0.67 0.68 0.65 0.64 0.65
Accounts Receivable Turnover
5.47 5.43 5.63 6.33 5.63 5.86 5.54 5.44 5.61 5.84
Inventory Turnover
3.86 4.12 4.33 5.24 5.05 5.13 5.37 5.54 5.74 6.02
Fixed Asset Turnover
6.85 6.95 6.68 6.51 5.53 6.14 6.20 5.88 5.64 5.70
Accounts Payable Turnover
4.37 4.59 4.72 5.56 6.05 6.76 6.76 7.08 7.71 7.74
Days Sales Outstanding (DSO)
66.71 67.28 64.84 57.66 64.80 62.24 65.88 67.11 65.05 62.53
Days Inventory Outstanding (DIO)
94.56 88.63 84.23 69.72 72.28 71.15 67.98 65.88 63.61 60.62
Days Payable Outstanding (DPO)
83.60 79.58 77.25 65.68 60.32 54.02 54.03 51.53 47.36 47.18
Cash Conversion Cycle (CCC)
77.67 76.33 71.82 61.69 76.76 79.37 79.83 81.46 81.31 75.97
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
25,602 25,728 25,172 24,799 20,236 23,143 23,223 23,946 22,529 23,200
Invested Capital Turnover
0.97 0.91 0.83 0.87 0.82 0.92 0.92 0.88 0.86 0.89
Increase / (Decrease) in Invested Capital
-126 556 373 4,563 -2,907 -80 -723 1,417 -671 -647
Enterprise Value (EV)
138,270 101,679 68,695 73,961 52,025 43,187 32,872 35,801 32,127 26,812
Market Capitalization
131,155 94,986 60,557 65,575 44,700 35,074 25,756 29,108 24,552 18,798
Book Value per Share
$46.78 $47.67 $42.84 $41.18 $37.46 $38.90 $37.16 $39.16 $33.11 $32.81
Tangible Book Value per Share
($2.23) ($2.58) ($8.16) ($10.52) ($5.39) ($4.87) ($4.77) ($3.59) ($8.33) ($9.31)
Total Capital
27,683 28,338 25,730 25,367 23,357 24,786 23,663 25,041 23,275 23,645
Total Debt
9,152 9,269 8,655 8,916 8,384 8,653 7,521 7,751 8,277 8,414
Total Long-Term Debt
8,478 8,244 8,321 7,168 7,336 8,150 6,768 7,167 6,711 7,746
Net Debt
7,072 6,660 8,100 8,348 7,282 8,062 7,081 6,656 7,531 7,969
Capital Expenditures (CapEx)
723 681 435 531 377 587 565 520 497 506
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,538 2,344 2,165 1,479 3,243 3,508 2,749 2,751 2,368 2,214
Debt-free Net Working Capital (DFNWC)
4,618 4,953 2,720 2,047 4,345 4,099 3,189 3,846 3,114 2,659
Net Working Capital (NWC)
3,944 3,928 2,386 299 3,297 3,596 2,436 3,262 1,548 1,991
Net Nonoperating Expense (NNE)
55 49 72 -321 63 232 236 -736 165 182
Net Nonoperating Obligations (NNO)
7,071 6,659 8,097 8,348 5,263 7,010 7,081 6,656 7,531 7,969
Total Depreciation and Amortization (D&A)
921 926 954 922 811 884 903 914 929 925
Debt-free, Cash-free Net Working Capital to Revenue
10.20% 10.11% 10.43% 7.54% 18.16% 16.40% 12.72% 13.48% 11.99% 10.62%
Debt-free Net Working Capital to Revenue
18.56% 21.35% 13.11% 10.43% 24.33% 19.16% 14.76% 18.85% 15.77% 12.75%
Net Working Capital to Revenue
15.85% 16.93% 11.50% 1.52% 18.46% 16.81% 11.27% 15.99% 7.84% 9.55%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$9.54 $8.06 $6.17 $5.38 $3.51 $5.28 $4.93 $0.00 $4.22 $4.25
Adjusted Weighted Average Basic Shares Outstanding
397.60M 399.10M 398.70M 398.70M 402.20M 419M 434.30M 0.00 455M 465.50M
Adjusted Diluted Earnings per Share
$9.50 $8.02 $6.14 $5.34 $3.49 $5.25 $4.91 $0.00 $4.21 $4.23
Adjusted Weighted Average Diluted Shares Outstanding
399.40M 401.10M 400.80M 401.60M 404M 420.80M 436.90M 0.00 456.50M 467.10M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $6.17 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
392M 399.50M 398M 398.80M 398.10M 413.40M 423.60M 0.00 449.70M 458.90M
Normalized Net Operating Profit after Tax (NOPAT)
3,853 3,272 2,537 1,825 1,478 2,445 2,626 2,250 2,084 2,156
Normalized NOPAT Margin
15.49% 14.11% 12.23% 9.30% 8.28% 11.43% 12.15% 11.03% 10.55% 10.34%
Pre Tax Income Margin
18.35% 16.50% 14.03% 14.75% 9.78% 12.11% 11.22% 16.51% 10.73% 10.23%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
36.12 26.34 21.22 21.11 12.72 14.02 10.40 14.69 10.09 10.19
NOPAT to Interest Expense
29.64 21.67 17.62 12.67 9.92 12.29 9.23 9.15 8.94 9.29
EBIT Less CapEx to Interest Expense
30.56 21.83 18.19 17.42 10.19 11.07 8.21 12.58 7.96 8.01
NOPAT Less CapEx to Interest Expense
24.08 17.16 14.60 8.99 7.39 9.34 7.04 7.03 6.81 7.11
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
39.49% 42.79% 52.70% 56.80% 83.04% 54.27% 53.54% 35.77% 54.04% 51.98%
Augmented Payout Ratio
105.11% 42.79% 64.30% 62.49% 196.68% 100.77% 112.77% 64.23% 92.08% 86.52%

Quarterly Metrics And Ratios for Eaton

This table displays calculated financial ratios and metrics derived from Eaton's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
7.30% 4.58% 7.91% 8.25% 8.39% 10.83% 10.67% 12.55% 13.21% 12.21% 7.92%
EBITDA Growth
14.90% 7.13% 9.47% 24.42% 19.52% 18.69% 35.05% 18.24% 17.32% 26.70% -28.92%
EBIT Growth
17.48% 8.34% 10.88% 30.46% 26.85% 24.44% 47.09% 24.87% 24.73% 36.38% -34.26%
NOPAT Growth
19.43% 8.63% 16.04% 26.44% 22.74% 26.19% 31.36% 32.24% 26.02% 27.98% 96.76%
Net Income Growth
17.40% 2.53% 13.34% 33.42% 28.64% 30.98% 46.71% 23.96% 19.89% 31.22% -3.49%
EPS Growth
20.10% 4.26% 13.96% 33.33% 28.30% 31.28% 46.05% 24.00% 19.55% 30.66% -3.18%
Operating Cash Flow Growth
-49.89% 23.04% 14.72% 11.29% 41.79% 9.44% 18.24% 150.00% 697.62% 49.18% 104.88%
Free Cash Flow Firm Growth
-27.97% 199.58% -54.43% -8.74% -49.64% 3.17% 476.48% 301.37% 127.35% 109.31% 101.08%
Invested Capital Growth
2.37% -0.49% 3.51% 1.35% 1.22% 2.21% 2.48% 0.31% -1.31% 1.50% 2.55%
Revenue Q/Q Growth
2.20% -1.65% -0.08% 6.85% -0.40% 1.48% 0.24% 6.99% 1.84% 1.34% 1.94%
EBITDA Q/Q Growth
0.00% -1.77% 1.10% 15.70% -6.76% 0.37% 14.91% 11.14% -7.41% 14.20% 0.61%
EBIT Q/Q Growth
0.17% -2.03% 0.65% 18.93% -7.62% 0.27% 18.42% 15.64% -9.38% 18.52% 0.53%
NOPAT Q/Q Growth
-3.40% 0.24% 2.47% 20.36% -12.13% 7.08% 11.66% 16.84% -9.66% 11.46% 12.41%
Net Income Q/Q Growth
-0.62% -3.96% 1.71% 20.92% -13.20% 6.17% 19.73% 16.59% -11.62% 18.91% 1.16%
EPS Q/Q Growth
0.00% -3.16% 2.02% 21.57% -13.19% 5.86% 19.35% 16.98% -11.17% 17.76% 1.33%
Operating Cash Flow Q/Q Growth
-85.10% 22.00% 38.37% 99.16% -63.41% 13.76% 34.24% 153.73% -71.75% 22.90% 183.82%
Free Cash Flow Firm Q/Q Growth
-67.90% 888.37% -81.96% 25.83% 33.53% 50.34% -63.87% -30.57% 173.57% 740.03% 112.62%
Invested Capital Q/Q Growth
4.25% -3.62% 0.97% 0.91% 1.34% 0.25% -1.14% 0.78% 2.33% 0.52% -3.23%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
38.37% 38.93% 38.55% 37.95% 37.32% 37.46% 37.35% 36.12% 34.36% 34.14% 33.28%
EBITDA Margin
22.61% 23.11% 23.14% 22.87% 21.12% 22.56% 22.81% 19.89% 19.15% 21.06% 18.69%
Operating Margin
18.83% 19.62% 19.09% 18.79% 16.89% 18.07% 18.03% 16.13% 14.61% 16.25% 14.87%
EBIT Margin
18.97% 19.36% 19.43% 19.29% 17.33% 18.69% 18.91% 16.01% 14.81% 16.64% 14.23%
Profit (Net Income) Margin
15.13% 15.56% 15.93% 15.65% 13.83% 15.87% 15.17% 12.70% 11.65% 13.43% 11.44%
Tax Burden Percent
81.99% 83.28% 83.97% 83.18% 82.12% 87.04% 82.67% 82.96% 83.86% 84.86% 84.44%
Interest Burden Percent
97.27% 96.52% 97.65% 97.55% 97.18% 97.58% 97.03% 95.63% 93.84% 95.09% 95.24%
Effective Tax Rate
18.01% 16.72% 16.03% 16.82% 17.88% 12.96% 17.33% 17.04% 16.14% 15.02% 15.56%
Return on Invested Capital (ROIC)
14.82% 15.83% 15.10% 14.44% 12.66% 14.33% 13.29% 11.38% 10.11% 11.47% 10.24%
ROIC Less NNEP Spread (ROIC-NNEP)
14.55% 15.13% 15.02% 14.46% 12.63% 14.45% 13.49% 10.92% 9.74% 11.22% 9.56%
Return on Net Nonoperating Assets (RNNOA)
5.72% 5.53% 5.85% 5.83% 5.15% 5.90% 6.32% 5.54% 5.05% 5.50% 5.16%
Return on Equity (ROE)
20.54% 21.36% 20.95% 20.27% 17.82% 20.23% 19.61% 16.92% 15.16% 16.97% 15.40%
Cash Return on Invested Capital (CROIC)
12.87% 15.50% 11.00% 12.56% 12.00% 10.67% 9.68% 10.75% 11.64% 8.66% 7.08%
Operating Return on Assets (OROA)
12.36% 12.54% 12.50% 12.23% 11.07% 11.80% 11.94% 9.81% 8.96% 10.00% 8.38%
Return on Assets (ROA)
9.85% 10.08% 10.25% 9.92% 8.84% 10.02% 9.58% 7.79% 7.05% 8.07% 6.74%
Return on Common Equity (ROCE)
20.49% 21.32% 20.91% 20.23% 17.78% 20.19% 19.57% 16.88% 15.13% 16.94% 15.36%
Return on Equity Simple (ROE_SIMPLE)
21.30% 0.00% 19.74% 19.02% 17.66% 0.00% 16.31% 15.12% 14.73% 0.00% 14.27%
Net Operating Profit after Tax (NOPAT)
985 1,019 1,017 992 824 938 876 785 672 744 667
NOPAT Margin
15.44% 16.33% 16.03% 15.63% 13.87% 15.72% 14.90% 13.38% 12.25% 13.81% 12.56%
Net Nonoperating Expense Percent (NNEP)
0.26% 0.70% 0.08% -0.02% 0.03% -0.12% -0.19% 0.46% 0.37% 0.25% 0.68%
Return On Investment Capital (ROIC_SIMPLE)
3.44% 3.68% - - - 3.31% - - - 2.89% -
Cost of Revenue to Revenue
61.63% 61.07% 61.45% 62.05% 62.68% 62.54% 62.65% 63.88% 65.64% 65.86% 66.72%
SG&A Expenses to Revenue
16.43% 16.07% 16.20% 16.08% 17.25% 16.02% 16.14% 16.81% 16.49% 14.78% 15.30%
R&D to Revenue
3.10% 3.24% 3.26% 3.09% 3.18% 3.37% 3.18% 3.19% 3.26% 3.10% 3.11%
Operating Expenses to Revenue
19.54% 19.31% 19.46% 19.17% 20.43% 19.39% 19.32% 20.00% 19.75% 17.89% 18.41%
Earnings before Interest and Taxes (EBIT)
1,210 1,208 1,233 1,225 1,030 1,115 1,112 939 812 896 756
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,442 1,442 1,468 1,452 1,255 1,346 1,341 1,167 1,050 1,134 993
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
5.76 7.09 6.90 6.50 6.43 4.99 4.57 4.39 3.82 3.55 3.20
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
4.21 5.27 5.36 5.18 5.25 4.09 3.71 3.57 3.12 2.92 2.55
Price to Earnings (P/E)
27.07 34.57 35.02 34.23 36.50 29.52 28.03 29.06 25.96 24.60 22.44
Dividend Yield
1.42% 1.13% 1.11% 1.15% 1.13% 1.45% 1.61% 1.69% 1.96% 2.13% 2.47%
Earnings Yield
3.69% 2.89% 2.86% 2.92% 2.74% 3.39% 3.57% 3.44% 3.85% 4.07% 4.46%
Enterprise Value to Invested Capital (EV/IC)
4.30 5.40 5.25 5.02 5.02 3.95 3.56 3.34 2.91 2.73 2.41
Enterprise Value to Revenue (EV/Rev)
4.53 5.56 5.67 5.47 5.53 4.38 4.03 3.94 3.51 3.31 2.99
Enterprise Value to EBITDA (EV/EBITDA)
19.77 24.62 25.25 24.48 25.62 20.73 19.45 19.98 18.01 17.14 16.02
Enterprise Value to EBIT (EV/EBIT)
23.53 29.44 30.28 29.46 31.20 25.56 24.27 25.50 23.32 22.49 21.44
Enterprise Value to NOPAT (EV/NOPAT)
28.59 35.89 36.95 36.36 38.23 31.08 29.66 30.27 28.02 27.08 25.43
Enterprise Value to Operating Cash Flow (EV/OCF)
28.05 31.96 34.61 34.20 34.78 28.06 25.98 26.01 26.53 27.12 28.19
Enterprise Value to Free Cash Flow (EV/FCFF)
33.78 34.75 48.55 40.23 42.09 37.44 37.18 31.15 24.85 31.74 34.48
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.54 0.49 0.49 0.51 0.48 0.49 0.50 0.52 0.50 0.51 0.59
Long-Term Debt to Equity
0.41 0.46 0.45 0.44 0.42 0.43 0.44 0.49 0.50 0.49 0.53
Financial Leverage
0.39 0.37 0.39 0.40 0.41 0.41 0.47 0.51 0.52 0.49 0.54
Leverage Ratio
2.05 2.04 2.04 2.04 2.01 2.03 2.08 2.09 2.07 2.06 2.13
Compound Leverage Factor
2.00 1.97 1.99 1.99 1.96 1.98 2.01 2.00 1.94 1.96 2.03
Debt to Total Capital
35.21% 33.06% 32.90% 33.81% 32.22% 32.71% 33.19% 34.08% 33.47% 33.64% 36.99%
Short-Term Debt to Total Capital
8.63% 2.43% 2.51% 4.41% 3.49% 3.62% 3.62% 1.82% 0.36% 1.30% 3.62%
Long-Term Debt to Total Capital
26.58% 30.63% 30.39% 29.41% 28.73% 29.09% 29.56% 32.26% 33.11% 32.34% 33.37%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.14% 0.16% 0.16% 0.12% 0.12% 0.12% 0.13% 0.13% 0.14% 0.15% 0.14%
Common Equity to Total Capital
64.64% 66.78% 66.94% 66.06% 67.66% 67.17% 66.68% 65.79% 66.39% 66.21% 62.87%
Debt to EBITDA
1.74 1.63 1.70 1.82 1.80 1.89 1.95 2.14 2.11 2.16 2.51
Net Debt to EBITDA
1.40 1.26 1.34 1.31 1.32 1.36 1.54 1.83 1.99 2.02 2.37
Long-Term Debt to EBITDA
1.31 1.51 1.57 1.59 1.60 1.68 1.74 2.03 2.09 2.08 2.26
Debt to NOPAT
2.51 2.38 2.49 2.71 2.68 2.83 2.97 3.24 3.29 3.41 3.98
Net Debt to NOPAT
2.03 1.84 1.96 1.94 1.97 2.04 2.35 2.78 3.09 3.19 3.76
Long-Term Debt to NOPAT
1.90 2.20 2.30 2.36 2.39 2.52 2.65 3.07 3.25 3.28 3.59
Altman Z-Score
4.29 5.21 5.17 4.96 5.10 4.14 3.85 3.67 3.34 3.12 2.74
Noncontrolling Interest Sharing Ratio
0.20% 0.20% 0.22% 0.19% 0.19% 0.20% 0.21% 0.21% 0.21% 0.23% 0.24%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.31 1.50 1.53 1.56 1.56 1.51 1.45 1.53 1.50 1.38 1.28
Quick Ratio
0.74 0.85 0.87 0.94 0.93 0.91 0.84 0.85 0.78 0.73 0.65
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
368 1,145 116 642 510 382 254 704 1,014 371 44
Operating Cash Flow to CapEx
242.86% 628.74% 743.75% 563.10% 380.00% 587.33% 655.75% 521.47% 272.36% 559.43% 1,581.97%
Free Cash Flow to Firm to Interest Expense
11.14 27.27 4.00 22.15 17.02 14.70 7.71 16.76 20.27 8.42 1.19
Operating Cash Flow to Interest Expense
7.21 38.02 45.14 32.62 15.83 49.92 34.58 20.24 6.70 26.95 26.08
Operating Cash Flow Less CapEx to Interest Expense
4.24 31.98 39.07 26.83 11.67 41.42 29.30 16.36 4.24 22.14 24.43
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.65 0.65 0.64 0.63 0.64 0.63 0.63 0.61 0.60 0.60 0.59
Accounts Receivable Turnover
5.18 5.47 5.27 5.21 5.31 5.43 5.46 5.35 5.41 5.63 5.59
Inventory Turnover
3.77 3.86 3.88 3.95 3.99 4.12 4.08 4.06 4.10 4.33 4.35
Fixed Asset Turnover
6.91 6.85 6.98 7.03 6.99 6.95 7.17 6.99 6.79 6.68 6.73
Accounts Payable Turnover
4.42 4.37 4.46 4.51 4.57 4.59 4.71 4.65 4.74 4.72 4.90
Days Sales Outstanding (DSO)
70.43 66.71 69.32 70.01 68.76 67.28 66.79 68.18 67.45 64.84 65.24
Days Inventory Outstanding (DIO)
96.76 94.56 94.15 92.37 91.59 88.63 89.41 89.94 88.98 84.23 83.94
Days Payable Outstanding (DPO)
82.63 83.60 81.90 80.95 79.90 79.58 77.53 78.44 76.95 77.25 74.48
Cash Conversion Cycle (CCC)
84.55 77.67 81.57 81.43 80.46 76.33 78.67 79.68 79.48 71.82 74.70
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
26,689 25,602 26,564 26,309 26,072 25,728 25,663 25,959 25,758 25,172 25,041
Invested Capital Turnover
0.96 0.97 0.94 0.92 0.91 0.91 0.89 0.85 0.83 0.83 0.82
Increase / (Decrease) in Invested Capital
617 -126 901 350 314 556 622 81 -342 373 623
Enterprise Value (EV)
114,739 138,270 139,392 132,028 130,904 101,679 91,240 86,780 74,981 68,695 60,385
Market Capitalization
106,557 131,155 131,946 124,937 124,125 94,986 83,961 78,774 66,673 60,557 51,413
Book Value per Share
$47.21 $46.78 $48.02 $48.07 $48.29 $47.67 $46.07 $45.04 $43.84 $42.84 $40.34
Tangible Book Value per Share
($2.38) ($2.23) ($1.85) ($1.29) ($1.40) ($2.58) ($3.90) ($5.63) ($7.11) ($8.16) ($9.80)
Total Capital
28,627 27,683 28,557 29,091 28,513 28,338 27,569 27,288 26,281 25,730 25,558
Total Debt
10,080 9,152 9,395 9,837 9,187 9,269 9,149 9,300 8,796 8,655 9,455
Total Long-Term Debt
7,609 8,478 8,678 8,555 8,192 8,244 8,150 8,804 8,701 8,321 8,529
Net Debt
8,141 7,072 7,401 7,056 6,745 6,660 7,243 7,970 8,272 8,100 8,937
Capital Expenditures (CapEx)
98 254 176 168 125 221 174 163 123 212 61
Debt-free, Cash-free Net Working Capital (DFCFNWC)
3,444 2,538 2,934 3,033 2,793 2,344 2,513 2,744 2,622 2,165 2,295
Debt-free Net Working Capital (DFNWC)
5,383 4,618 4,928 5,814 5,235 4,953 4,419 4,074 3,146 2,720 2,813
Net Working Capital (NWC)
2,912 3,944 4,211 4,532 4,240 3,928 3,420 3,578 3,051 2,386 1,887
Net Nonoperating Expense (NNE)
20 48 5.88 -1.66 2.46 -8.70 -16 40 33 21 59
Net Nonoperating Obligations (NNO)
8,142 7,071 7,402 7,055 6,746 6,659 7,243 7,971 8,273 8,097 8,938
Total Depreciation and Amortization (D&A)
232 234 235 227 225 231 229 228 238 238 237
Debt-free, Cash-free Net Working Capital to Revenue
13.61% 10.20% 11.92% 12.56% 11.81% 10.11% 11.11% 12.45% 12.26% 10.43% 11.38%
Debt-free Net Working Capital to Revenue
21.27% 18.56% 20.03% 24.08% 22.13% 21.35% 19.54% 18.48% 14.71% 13.11% 13.95%
Net Working Capital to Revenue
11.50% 15.85% 17.11% 18.77% 17.92% 16.93% 15.12% 16.23% 14.26% 11.50% 9.36%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.46 $2.46 $2.54 $2.49 $2.05 $2.37 $2.23 $1.86 $1.60 $1.81 $1.52
Adjusted Weighted Average Basic Shares Outstanding
392.20M 397.60M 397.10M 399.20M 399.90M 399.10M 399.40M 398.90M 398.50M 398.70M 398.40M
Adjusted Diluted Earnings per Share
$2.45 $2.45 $2.53 $2.48 $2.04 $2.35 $2.22 $1.86 $1.59 $1.79 $1.52
Adjusted Weighted Average Diluted Shares Outstanding
393.60M 399.40M 398.90M 401M 401.90M 401.10M 401.60M 400.70M 400.50M 400.80M 400.30M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
391.30M 392M 395.20M 398.10M 399.80M 399.50M 399.30M 399M 398.60M 398M 397.70M
Normalized Net Operating Profit after Tax (NOPAT)
985 1,019 1,017 992 824 938 876 785 672 744 667
Normalized NOPAT Margin
15.44% 16.33% 16.03% 15.63% 13.87% 15.72% 14.90% 13.38% 12.25% 13.81% 12.56%
Pre Tax Income Margin
18.46% 18.69% 18.98% 18.82% 16.84% 18.23% 18.35% 15.31% 13.90% 15.82% 13.55%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
36.67 28.76 42.52 42.24 34.33 42.88 33.70 22.36 16.24 20.36 20.43
NOPAT to Interest Expense
29.84 24.27 35.06 34.22 27.48 36.09 26.55 18.69 13.43 16.90 18.03
EBIT Less CapEx to Interest Expense
33.70 22.71 36.45 36.45 30.17 34.38 28.42 18.48 13.78 15.55 18.78
NOPAT Less CapEx to Interest Expense
26.87 18.22 29.00 28.43 23.32 27.59 21.28 14.81 10.97 12.08 16.38
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
38.80% 39.49% 39.06% 39.48% 41.49% 42.79% 45.25% 49.24% 51.07% 52.70% 55.82%
Augmented Payout Ratio
114.13% 105.11% 81.85% 59.67% 45.54% 42.79% 45.25% 52.93% 58.85% 64.30% 68.29%

Frequently Asked Questions About Eaton's Financials

When does Eaton's financial year end?

According to the most recent income statement we have on file, Eaton's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Eaton's net income changed over the last 9 years?

Eaton's net income appears to be on an upward trend, with a most recent value of $3.80 billion in 2024, rising from $1.97 billion in 2015. The previous period was $3.22 billion in 2023. Check out Eaton's forecast to explore projected trends and price targets.

What is Eaton's operating income?
Eaton's total operating income in 2024 was $4.63 billion, based on the following breakdown:
  • Total Gross Profit: $9.50 billion
  • Total Operating Expenses: $4.87 billion
How has Eaton revenue changed over the last 9 years?

Over the last 9 years, Eaton's total revenue changed from $20.86 billion in 2015 to $24.88 billion in 2024, a change of 19.3%.

How much debt does Eaton have?

Eaton's total liabilities were at $19.85 billion at the end of 2024, a 2.5% increase from 2023, and a 25.9% increase since 2015.

How much cash does Eaton have?

In the past 9 years, Eaton's cash and equivalents has ranged from $268 million in 2015 to $561 million in 2017, and is currently $555 million as of their latest financial filing in 2024.

How has Eaton's book value per share changed over the last 9 years?

Over the last 9 years, Eaton's book value per share changed from 32.81 in 2015 to 46.78 in 2024, a change of 42.6%.



This page (NYSE:ETN) was last updated on 5/28/2025 by MarketBeat.com Staff
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