Eaton Corporation, plc
Misc Industrial & Commercial Machinery & Equipment
Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets.
It is a $167B industrial company. Revenue grew 15.5% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 43.6× earnings — near the highest of its own history.
- Website
- eaton.com
- Location
- Dublin, L2
- Employees
- 97 000
- Sector
- Industrials
- Founded
- 1916
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth and quality; Valuation and Health lag behind.
Valuation22
- P/E vs own history98th pct · 0/25
- FCF yield2.4% · 5/25
- P/S5.6x · 12/25
- EV/EBITDA29.0x · 5/25
Growth82
- Revenue CAGR8.7% · 12/25
- Net income CAGR17.5% · 20/25
- EPS CAGR ~5Y24.5% · 25/25
- Fwd implied growth51.0% · 25/25
Profitability72
- ROIC14.9% · 12/25
- ROE19.6% · 20/25
- Net margin12.8% · 20/25
- Operating margin17.5% · 20/25
Health49
- Altman Zn/a · 0/25
- Current ratio1.24 · 12/25
- Interest coverage21.5x · 25/25
- Net cash / debtD/A 19% · 12/25
Quality92
- Piotroski F7/9 · 22/25
- Beneish M-2.45 · 20/25
- FCF conversion103% · 25/25
- Margin stabilityσ 3.1% · 25/25
Moat62
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin32.9% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 7.9% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders2 open-market insider purchases~200 shares bought by insiders
- FY2025FinancialBest year on record$4.09B net income
- 2021AcquisitionEaton completed the acquisition of Tripp Lite for $1.65 billion
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$19.7B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2011AcquisitionThe $13 billion acquisition of Cooper (US$5.4B Sales revenue (2011)), became the largest in Eaton's (US$16B Sales…
- 1994AcquisitionIn one of Eaton's largest acquisitions, the company purchased the Westinghouse Distribution and Controls Business…
- 1965AcquisitionThe company name changed once again in 1965 to Eaton Yale & Towne Inc
- 1958AcquisitionEaton Corporation acquired Fuller Manufacturing
- 1937MilestoneEaton became international by opening a manufacturing plant in Canada
- 1932MilestoneThe diversified company changed its name to Eaton Manufacturing Company
- 1923AcquisitionEaton bought the Torbensen Axle Co. back from Republic and changed the name to the Eaton Axle and Spring…
- 1920AcquisitionA year later, in 1920, Eaton Axle Company merged with Standard Parts
- 1916FoundedThe Torbensen Axle Company incorporated in Ohio in 1916, succeeding the New Jersey corporation
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 15.5% year over year
- Interest covered 21.5× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+15.5% YoY
- Profitable — makes more than it spends$3.83B TTM
- Profit growing — earnings are higher than last year+19.4% YoY
- Generates cash — cash left after running and investing$3.93B TTM
- Debt under control — could handle its obligations~2.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$167B market cap
- Not printing shares — share count not ballooning — you keep your slice-3.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 37/100
- Pays a dividend — returns cash to shareholdersyield 1.00%
- Valuation not extreme — price not wildly above earningsP/E 43.6
Peer comparisonEaton Corporation, plc vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ETN this company | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
| BA Boeing Company | $150.6B | 61.8 | +24.8% | 2.6% | Strained |
Head-to-head: ETN vs LRCX · ETN vs CAT · ETN vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ETN
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ETN on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $430.46 · market cap $167B.