E

EATON CORPORATION plc

ETN · CIK 0001551182

16 fiscal years · 57 SEC filings · every number carries its receipt

Revenue (FY)
$27.45B10.3%
FY2025
Net income (FY)
$4.09B7.7%
FY2025
Free cash flow (FY)
$3.55B1.0%
FY2025
Diluted EPS (FY)
$10.4510.0%
FY2025
The story, charted

The shape of the business

FY2010–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2010 · Revenue $13.71B · Net income $929.0M · 0001551182-13-000005 · filed 2013-02-28FY10Revenue $13.71BNet income $929.0M0001551182-13-000005 · filed 2013-02-28FY2011 · Revenue $0 · Net income $1.35B · 0001551182-14-000011 · filed 2014-02-26 · 0001551182-13-000005 · filed 2013-02-28FY11Revenue $0Net income $1.35B0001551182-14-000011 · filed 2014-02-26 · 0001551182-13-000005 · filed 2013-02-28FY2012 · Revenue $0 · Net income $1.22B · 0001551182-15-000007 · filed 2015-02-26 · 0001551182-13-000005 · filed 2013-02-28FY12Revenue $0Net income $1.22B0001551182-15-000007 · filed 2015-02-26 · 0001551182-13-000005 · filed 2013-02-28FY2013 · Revenue $0 · 0001551182-16-000041 · filed 2016-02-24FY13Revenue $00001551182-16-000041 · filed 2016-02-24FY2014 · Revenue $0 · 0001551182-17-000014 · filed 2017-02-22FY14Revenue $00001551182-17-000014 · filed 2017-02-22FY2015 · Revenue $0 · 0001551182-17-000014 · filed 2017-02-22FY15Revenue $00001551182-17-000014 · filed 2017-02-22FY2016 · Revenue $19.75B · 0001551182-19-000045 · filed 2019-02-27FY16Revenue $19.75B0001551182-19-000045 · filed 2019-02-27FY2017 · Revenue $20.40B · 0001551182-20-000050 · filed 2020-02-26FY17Revenue $20.40B0001551182-20-000050 · filed 2020-02-26FY2018 · Revenue $21.61B · Net income $2.15B · 0001551182-21-000022 · filed 2021-02-24FY18Revenue $21.61BNet income $2.15B0001551182-21-000022 · filed 2021-02-24FY2019 · Revenue $21.39B · Net income $2.21B · 0001551182-22-000004 · filed 2022-02-23FY19Revenue $21.39BNet income $2.21B0001551182-22-000004 · filed 2022-02-23FY2020 · Revenue $17.86B · Net income $1.41B · 0001551182-23-000004 · filed 2023-02-23FY20Revenue $17.86BNet income $1.41B0001551182-23-000004 · filed 2023-02-23FY2021 · Revenue $19.63B · Net income $2.14B · 0001551182-24-000006 · filed 2024-02-29FY21Revenue $19.63BNet income $2.14B0001551182-24-000006 · filed 2024-02-29FY2022 · Revenue $20.75B · Net income $2.46B · 0001551182-25-000006 · filed 2025-02-27FY22Revenue $20.75BNet income $2.46B0001551182-25-000006 · filed 2025-02-27FY2023 · Revenue $23.20B · Net income $3.22B · 0001551182-26-000007 · filed 2026-02-26FY23Revenue $23.20BNet income $3.22B0001551182-26-000007 · filed 2026-02-26FY2024 · Revenue $24.88B · Net income $3.79B · 0001551182-26-000007 · filed 2026-02-26FY24Revenue $24.88BNet income $3.79B0001551182-26-000007 · filed 2026-02-26FY2025 · Revenue $27.45B · Net income $4.09B · 0001551182-26-000007 · filed 2026-02-26FY25Revenue $27.45BNet income $4.09B0001551182-26-000007 · filed 2026-02-26FY25Revenue $27.45BNet income $4.09B0001551182-26-000007 · filed 2026-02-26FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.0× since FY2010 · net margin 6.8% → 14.9%

MarginsNet marginFCF margin
0%5%10%15%FY2010 · Net margin 6.8% · FCF margin 6.5%FY10Net margin 6.8%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · FCF margin 10.5%FY16FCF margin 10.5%derived: (ocf − capex) ÷ revenueFY2017 · FCF margin 10.5%FY17FCF margin 10.5%derived: (ocf − capex) ÷ revenueFY2018 · Net margin 9.9% · FCF margin 9.7%FY18Net margin 9.9%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 10.3% · FCF margin 13.4%FY19Net margin 10.3%FCF margin 13.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 7.9% · FCF margin 14.3%FY20Net margin 7.9%FCF margin 14.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 10.9% · FCF margin 8.1%FY21Net margin 10.9%FCF margin 8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 11.9% · FCF margin 9.3%FY22Net margin 11.9%FCF margin 9.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 13.9% · FCF margin 12.4%FY23Net margin 13.9%FCF margin 12.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 15.3% · FCF margin 14.1%FY24Net margin 15.3%FCF margin 14.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 14.9% · FCF margin 12.9%FY25Net margin 14.9%FCF margin 12.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 14.9%FCF margin 12.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’16’19’22’25

FY2025: net 14.9% · free cash flow 12.9% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2010 · OCF $1.28B · FCF $888.0M · 0001551182-13-000005 · filed 2013-02-28FY10OCF $1.28BFCF $888.0M0001551182-13-000005 · filed 2013-02-28FY2011 · OCF $1.25B · FCF $680.0M · 0001551182-14-000011 · filed 2014-02-26FY11OCF $1.25BFCF $680.0M0001551182-14-000011 · filed 2014-02-26FY2012 · OCF $1.66B · FCF $1.07B · 0001551182-15-000007 · filed 2015-02-26FY12OCF $1.66BFCF $1.07B0001551182-15-000007 · filed 2015-02-26FY2013 · OCF $2.29B · FCF $1.67B · 0001551182-16-000041 · filed 2016-02-24FY13OCF $2.29BFCF $1.67B0001551182-16-000041 · filed 2016-02-24FY2014 · OCF $1.88B · FCF $1.25B · 0001551182-17-000014 · filed 2017-02-22FY14OCF $1.88BFCF $1.25B0001551182-17-000014 · filed 2017-02-22FY2015 · OCF $2.41B · FCF $1.90B · 0001551182-18-000074 · filed 2018-02-28FY15OCF $2.41BFCF $1.90B0001551182-18-000074 · filed 2018-02-28FY2016 · OCF $2.57B · FCF $2.07B · 0001551182-19-000045 · filed 2019-02-27FY16OCF $2.57BFCF $2.07B0001551182-19-000045 · filed 2019-02-27FY2017 · OCF $2.67B · FCF $2.15B · 0001551182-20-000050 · filed 2020-02-26FY17OCF $2.67BFCF $2.15B0001551182-20-000050 · filed 2020-02-26FY2018 · OCF $2.66B · FCF $2.09B · 0001551182-21-000022 · filed 2021-02-24FY18OCF $2.66BFCF $2.09B0001551182-21-000022 · filed 2021-02-24FY2019 · OCF $3.45B · FCF $2.86B · 0001551182-22-000004 · filed 2022-02-23FY19OCF $3.45BFCF $2.86B0001551182-22-000004 · filed 2022-02-23FY2020 · OCF $2.94B · FCF $2.56B · 0001551182-23-000004 · filed 2023-02-23FY20OCF $2.94BFCF $2.56B0001551182-23-000004 · filed 2023-02-23FY2021 · OCF $2.16B · FCF $1.59B · 0001551182-24-000006 · filed 2024-02-29FY21OCF $2.16BFCF $1.59B0001551182-24-000006 · filed 2024-02-29FY2022 · OCF $2.53B · FCF $1.94B · 0001551182-25-000006 · filed 2025-02-27FY22OCF $2.53BFCF $1.94B0001551182-25-000006 · filed 2025-02-27FY2023 · OCF $3.62B · FCF $2.87B · 0001551182-26-000007 · filed 2026-02-26FY23OCF $3.62BFCF $2.87B0001551182-26-000007 · filed 2026-02-26FY2024 · OCF $4.33B · FCF $3.52B · 0001551182-26-000007 · filed 2026-02-26FY24OCF $4.33BFCF $3.52B0001551182-26-000007 · filed 2026-02-26FY2025 · OCF $4.47B · FCF $3.55B · 0001551182-26-000007 · filed 2026-02-26FY25OCF $4.47BFCF $3.55B0001551182-26-000007 · filed 2026-02-26FY25OCF $4.47BFCF $3.55B0001551182-26-000007 · filed 2026-02-26’13’17’21’25

FY2025: $4.47B operating cash − $919.0M capex = $3.55B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2011 · ROE 18.1% · ROA 7.6%FY11ROE 18.1%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 8.1% · ROA 3.4%FY12ROE 8.1%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 13.3% · ROA 6.9%FY18ROE 13.3%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 13.7% · ROA 6.7%FY19ROE 13.7%ROA 6.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 9.4% · ROA 4.4%FY20ROE 9.4%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 13.1% · ROA 6.3%FY21ROE 13.1%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 14.5% · ROA 7.0%FY22ROE 14.5%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 16.9% · ROA 8.4%FY23ROE 16.9%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 20.5% · ROA 9.9%FY24ROE 20.5%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 21.0% · ROA 9.9%FY25ROE 21.0%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 21.0%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assets’12’19’21’23’25

return on equity 18% (FY2011) → 21% (FY2025) · on assets 9.9%

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.