Eaton Corporation (ETN): financials, SEC filings and peers
Eaton Corporation (ETN) is an electrical components & equipment company in the Industrials sector of the S&P 500, headquartered in Dublin, Ireland.
It was founded in 1911 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Misc Industrial & Commercial Machinery & Equipment”.
Eaton Corporation at a glance
- Revenue (12 months)
- $32.0B
- Revenue growth
- +20.1%
- Operating margin
- 17.2%
- Net income (12 months)
- $3.9B
- Free cash flow (12 months)
- $3.8B
- Cash
- $528M
- Debt
- $20.1B
- Diluted EPS (12 months)
- $10.01
Twelve months to September 30, 2026, from the 10-Q filed November 3, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Eaton Corporation reported revenue of $32.0 billion, up 20.1% from a year earlier.
Its operating margin was 17.2%, down 1.7 percentage points from a year earlier: for every $100 of sales, about $17 was left as operating profit.
Net income was $3.9 billion (12.2% of revenue), 0.8% lower than a year earlier.
Operating cash flow was $4.9 billion and capital spending $1.1 billion, leaving free cash flow of $3.8 billion (11.9% of revenue).
At the end of the period it held $528 million in cash and $20.1 billion in debt, a net debt position of $19.6 billion.
Five-year trend
- Revenue went from $17.9 billion in fiscal 2020 to $27.4 billion in fiscal 2025, about 9.0% a year.
- Revenue has grown for 5 fiscal years in a row.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.6B | $20.8B | $23.2B | $24.9B | $27.4B |
| Revenue growth | 9.9% | 5.7% | 11.8% | 7.3% | 10.3% |
| Operating margin | — | — | — | — | — |
| Net income | $2.1B | $2.5B | $3.2B | $3.8B | $4.1B |
| Free cash flow | $1.6B | $1.9B | $2.9B | $3.5B | $3.6B |
| Diluted EPS | $5.34 | $6.14 | $8.02 | $9.50 | $10.45 |
Fiscal years as reported in Eaton Corporation’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 3, 2026 — quarterly report
- 8-K filed November 3, 2026 — Earnings results
- 8-K filed October 16, 2026 — Other event
- 8-K filed October 5, 2026 — Executive or director change
- 10-Q filed July 31, 2026 — quarterly report
- 8-K filed July 31, 2026 — Earnings results
- 8-K filed June 11, 2026 — Regulation FD disclosure; Other event
- 10-Q filed May 5, 2026 — quarterly report
Companies like Eaton Corporation
Other S&P 500 companies in Electrical Components & Equipment:
- AMEAmetekBerwyn, Pennsylvania
- BEBloom EnergySan Jose, California
- EMREmerson ElectricFerguson, Missouri
- ROKRockwell AutomationMilwaukee, Wisconsin
- VRTVertivWesterville, Ohio
More from Industrials
Questions about Eaton Corporation
Is Eaton Corporation's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $32.0 billion, up 20.1% from a year earlier, according to its SEC filings.
Is Eaton Corporation profitable?
Yes. It earned $3.9 billion in net income over the twelve months to September 30, 2026, a net margin of 12.2%.
Does Eaton Corporation have more cash or more debt?
At September 30, 2026 it had $528 million in cash and $20.1 billion in debt, so more debt than cash.
When did Eaton Corporation last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 3, 2026.
Which companies are similar to Eaton Corporation?
In the S&P 500, Eaton Corporation is grouped in Electrical Components & Equipment within the Industrials sector. Ametek (AME), Bloom Energy (BE), Emerson Electric (EMR), Rockwell Automation (ROK), Vertiv (VRT) are in the same group.
Understand the numbers
Source: Eaton Corporation’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.