MARKETS / NYSE / ETN

NYSE · MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT · LARGE CAP

Eaton Corp. PLC ETN

16 fiscal years on record · USD · FY2025 reported · SEC filings only

13 YEARS OF DIVIDEND GROWTH

Revenue

$27.4B

▲ 10.3% YoY

Net income

$4.1B

▲ 7.7% YoY

Free cash flow

$3.6B

▲ 1.0% YoY

In brief

What this company does

Eaton makes products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. Its raw material requirements include iron, steel, copper, nickel, aluminum, titanium, rubber, plastic and electronic components, bought from many suppliers in forms such as coils, sheets, ingots and castings. The Company serves customers in 180 countries and recorded revenues of $27.4 billion in 2025. It employs approximately 97,000 people globally. Its reportable segments are Electrical Americas, Electrical Global, Aerospace, Vehicle and eMobility, reported alongside corporate. Eaton was founded in 1911.

Written from the business description in EATON CORPORATION plc's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 27.4B

Revenue, FY2025 · full 16-year series below

Revenue $B Net income $B

FY2025 · Revenue 27.4 · Net income 4.1

Compound annual growth

Revenue

+9.8%

+9.0%

+2.8%

+4.7%

Net income

+18.4%

+23.7%

+10.4%

EPS, diluted

+19.4%

+24.5%

+9.5%

Dividend / share

+8.7%

+7.3%

+6.6%

Returned to shareholders

+30.4%

+4.9%

+7.6%

+16.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.0% a year over five years — but profit grew faster: net income at +23.7%, earnings per share at +24.5%.

The share count fell from 0.40B to 0.39B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 18.0% · Net 14.9%

ROE

FY2025 · ROE 21.6%

Gross margin37.6%

Operating margin18.0%

Net margin14.9%

Return on assets10.3%

EBITDAUSD 5.9B

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders

USD 3.4B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 3.6

Net buybacks $B Dividends $B

FY2025 · Dividends 1.6 · Net buybacks 1.8

Dividends paidUSD 1.6B

Net buybacksUSD 1.8B

Share of profit84.4%

Consecutive raises13 years (since the 2012 share-count change)

USD 1.6B in dividends and USD 1.8B in buybacks — 84% of the year's profit went back to shareholders.

Total assetsUSD 41.3B

EquityUSD 19.4B

CashUSD 622.0M

Gross debtUSD 9.9B

Net debtUSD 9.3B

Current ratio1.32×

Net debt stands at 48% of equity.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	27.4	24.9	23.2	20.8	19.6	17.9	21.4	21.6	20.4	19.7	20.9	0.0	0.0	0.0	0.0	13.7
Operating income $B	4.9	4.6	3.8	2.9	2.9	1.7	2.6	2.4	3.2	3.0	3.1	3.3	3.2	2.2	2.3	1.7
EBITDA $B	5.9	5.5	4.8	3.9	3.8	2.6	3.5	3.3	4.1	3.9	4.1	4.3	4.2	2.8	2.8	2.3
Income tax $B	0.8	0.8	0.6	0.4	0.8	0.3	0.4	0.3	0.4	0.2	0.2	−0.0	0.0	0.0	0.2	0.1
Net income $B	4.1	3.8	3.2	2.5	2.1	1.4	2.2	2.1	3.0	1.9	2.0	1.8	1.9	1.2	1.4	0.9
Free cash flow $B	3.6	3.5	2.9	1.9	1.6	2.6	2.9	2.1	2.1	2.1	1.9	1.2	1.7	1.1	0.7	0.9
EPS, diluted $	10.45	9.50	8.02	6.14	5.34	3.49	5.25	4.91	6.68	4.20	4.22	3.76	3.90	3.46	3.93	2.73
Dividend / sh $	4.16	3.76	3.44	3.24	3.04	2.92	2.84	2.64	2.40	2.28	2.20	1.96	1.68	1.52	1.36	1.08
Payout %	40	40	43	53	57	83	54	54	36	54	52	52	42	42	34	39
ROE %	21.6	20.2	17.8	14.7	13.7	9.1	13.7	12.9	18.5	12.7	12.7	11.1	11.7	10.8	18.1	·
Shares out B	0.39	0.39	0.40	0.40	0.40	0.40	0.41	0.42	0.44	0.45	0.46	0.47	0.48	0.47	0.33	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 62 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMisc Industrial & Commercial Machinery & Equipment

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2010