Eaton Corp Plc

Technology
Industrial Machinery/Components
www.eaton.com

Earnings Score
Moat Score
Safety Score

Market Cap $117.12B
PE 30
Debt $10.94B
Cash $1.78B
EV $126.29B
FCF $3.32B

Earnings

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Sales & Net Margins

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Earnings	$3.94B
EBIT	$4.74B
ROE	21%
ROA	12%
FCF	$3.32B
Equity	$18.55B
Growth Stability	58%
PE	29.75
PEG	1.16
PB	6.31
P/FCF	35.3
P/S	4.63
Price/Cash	0.02
Debt/Equity	0.59
Debt/FCF	3.3
Net Margins	15%
Gross Margins	38%
Op. Margins	19%
Earnings CAGR	5%
Sales Growth YoY	7%
Sales Growth QoQ	2%
Sales CAGR	40%
FCF CAGR	3%
Equity CAGR	2%
Earnings Stability	0.24
Earnings Growth YoY	17%
Earnings Growth QoQ	-1%
Earnings CAGR 5Y	26%

Sales CAGR 5Y	8%
FCF CAGR 5Y	10%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	41%
Equity CAGR 3Y	6%
Market Cap	$117.12B
Revenue	$25.31B
Dividend Yield	1%
Payout Ratio	39%
Assets	$39.21B
Total Debt	$10.94B
Cash	$1.78B
Shares Outstanding	391.3M
EV	126.29B
Earnings Score	10%
Moat Score	94%
Safety Score	75%
Final Score	60%
Working Capital	2.91B
Current Ratio	1.31
Gross Profit	$9.73B
Shares Growth 3y	-0%
Equity Growth QoQ	0%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Eaton is a diversified power management company operating for over 100 years. The company operates through various segments, including electrical products, electrical systems and services, aerospace, vehicle, and most recently eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and the residential end market, among others.

SEC Filings

Direct access to Eaton Corp Plc (ETN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Eaton Corp Plc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Eaton Corp Plc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 24%

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Eaton Corp Plc Discounted Cash Flow

Fully customizable DCF calculator online for Eaton Corp Plc.

Years

Calculation mode

= $41B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.3B	$3.4B	$3.5B	$3.6B	$3.7B	$3.8B	$3.9B	$4.1B	$4.2B	$4.3B	$4.4B	$44B
DCF		$3.1B	$2.9B	$2.7B	$2.5B	$2.4B	$2.2B	$2.1B	$2B	$1.8B	$1.7B	$17B
Value	$41B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-	-	15%	10%	10%	8%	11%	12%	14%	15%	15%
ROA	-	10%	10%	12%	11%	5%	9%	8%	10%	12%	12%
ROE	-	13%	17%	13%	14%	9%	13%	14%	17%	20%	21%

Good Net Margins (15.12%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	4.78	3.88	3.59	2.91	3.56	6.49	4.47	3.58	2.79	3.3
Debt over Equity	0.55	0.66	0.48	0.47	0.52	0.61	0.63	0.51	0.54	0.53	0.59
Growth Stability	-	-	-	93%	94%	58%	100%	100%	100%	100%	58%

Neutral Debt/FCF ratio (3.3)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.59)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (58%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	6%	-1%	-17%	10%	6%	12%	7%	8%
Earnings YoY growth	-	-3%	55%	-28%	3%	-36%	52%	15%	31%	18%	26%
Equity YoY growth	-	-2%	16%	-7%	-0%	-7%	10%	4%	12%	-3%	7%
FCF YoY growth	-	10%	4%	-2%	37%	-11%	-38%	22%	48%	23%	10%