Eaton Corp plc (ETN) Financial Statements
Industry: Misc Industrial & Commercial Machinery & Equipment
In fiscal 2025, Eaton reported revenue of $27.45B, up 10.3% from $24.88B the year before. Net income was $4.09B (a 14.9% net margin), or $10.45 per diluted share. Gross margin was 37.6% and operating margin was 24.5%. Operating activities generated $4.47B of cash, leaving $3.55B of free cash flow. At fiscal year end, Eaton held $41.25B in total assets against $21.83B in total liabilities, including $622.0M of cash and equivalents.
Open the full interactive Eaton financials → Quarterly statements, key ratios, valuation history and price charts.
Eaton Key Stats
| Share Price | $428.31 |
|---|---|
| Market Cap | $166.83B |
| P/E Ratio | 41.0 |
| Dividend Yield | 1.00% |
| Revenue YoY Growth | +10.3% |
| 52-Week Range | $313.20 – $459.96 |
| Shares Outstanding | 388.5 million (basic, 2026 Q2) |
Eaton Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.86B | $19.63B | $20.75B | $23.20B | $24.88B | $27.45B |
| Gross Profit | $5.45B | $6.33B | $6.89B | $8.43B | $9.50B | $10.32B |
| Operating Income | $2.94B | $3.71B | $4.20B | $5.09B | $5.96B | $6.71B |
| Pre-Tax Income | $1.75B | $2.90B | $2.91B | $3.83B | $4.57B | $4.93B |
| Income Tax | $331.0M | $750.0M | $445.0M | $604.0M | $768.0M | $841.0M |
| Net Income | $1.41B | $2.14B | $2.46B | $3.22B | $3.79B | $4.09B |
| Diluted EPS | $3.49 | $5.34 | $6.14 | $8.02 | $9.50 | $10.45 |
Eaton Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.99B | $7.05B | $7.45B | $8.53B |
| Net Income | $1.01B | $1.13B | $866.0M | $821.0M |
| Diluted EPS | $2.59 | $2.89 | $2.22 | $2.11 |
Eaton Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $438.0M | $297.0M | $294.0M | $488.0M | $555.0M | $622.0M |
| Current Assets | $9.18B | $7.51B | $8.75B | $11.68B | $11.80B | $12.36B |
| Total Assets | $31.82B | $34.03B | $35.01B | $38.43B | $38.38B | $41.25B |
| Current Liabilities | $5.88B | $7.21B | $6.36B | $7.75B | $7.86B | $9.37B |
| Total Long-Term Debt | $8.06B | $8.57B | $8.33B | $9.26B | $9.15B | $9.89B |
| Total Liabilities | $16.89B | $17.61B | $17.98B | $19.40B | $19.89B | $21.83B |
| Shareholders' Equity | $14.93B | $16.41B | $17.04B | $19.04B | $18.49B | $19.43B |
Eaton Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.94B | $2.16B | $2.53B | $3.62B | $4.33B | $4.47B |
| Cash From Investing | $397.0M | -$1.76B | -$1.20B | -$2.58B | -$271.0M | -$1.10B |
| Cash From Financing | -$3.26B | -$535.0M | -$1.34B | -$871.0M | -$3.94B | -$3.17B |
| Free Cash Flow | $2.56B | $1.59B | $1.94B | $2.87B | $3.52B | $3.55B |
| Dividends Paid | $1.18B | $1.22B | $1.30B | $1.38B | $1.50B | $1.63B |
Figures from Eaton's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Eaton financials page for every line item.
Eaton Company Profile
| Ticker | ETN |
|---|---|
| Exchange | NYSE |
| Industry | Misc Industrial & Commercial Machinery & Equipment |
| Headquarters | Dublin, Ireland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001551182 |
Frequently Asked Questions
What was Eaton's revenue in fiscal 2025?
Eaton (ETN) reported revenue of $27.45B for fiscal 2025.
What is Eaton's annual revenue history?
Eaton's annual revenue by fiscal year: 2020: $17.86B; 2021: $19.63B; 2022: $20.75B; 2023: $23.20B; 2024: $24.88B; 2025: $27.45B.
What was Eaton's net income in fiscal 2025?
Eaton reported net income of $4.09B for fiscal 2025.
What was Eaton's earnings per share (EPS) in fiscal 2025?
Eaton's diluted EPS was $10.45 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Eaton generate in fiscal 2025?
Eaton generated $3.55B of free cash flow in fiscal 2025.
What was Eaton's revenue last quarter?
In its most recent reported quarter (2026 Q2), Eaton reported revenue of $8.53B.
How much debt does Eaton have?
Eaton reported $9.89B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Eaton are outstanding?
Eaton reported a weighted average of 388.5 million basic shares outstanding in 2026 Q2.
What is Eaton's market cap?
Based on its latest closing price, Eaton (ETN) has a market capitalization of about $166.83B.
When does Eaton's fiscal year end?
Eaton's fiscal year end, as registered with the SEC, is December 31.
Where is Eaton headquartered?
Eaton lists its business address in Dublin, Ireland in its SEC filings.