ETN Stock - Eaton Corporation plc
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $24.88B | $23.20B | $20.75B | $19.63B | $17.86B |
| Gross Profit | $9.50B | $8.43B | $6.91B | $6.32B | $5.45B |
| Gross Margin | 38.2% | 36.4% | 33.3% | 32.2% | 30.5% |
| Operating Income | $4.87B | $4.00B | $3.24B | $2.87B | $2.32B |
| Net Income | $3.79B | $3.22B | $2.46B | $2.14B | $1.41B |
| Net Margin | 15.3% | 13.9% | 11.9% | 10.9% | 7.9% |
| EPS | $9.54 | $8.06 | $6.18 | $5.38 | $3.51 |
Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems. Its Aerospace segment offers pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, valves, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; and wiring connectors and cables, as well as hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. The company's Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry. Its eMobility segment provides voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 9th 2025 | Wolfe Research | Upgrade | Outperform | $413 |
| September 15th 2025 | Melius | Upgrade | Buy | $495 |
| September 11th 2025 | Daiwa Securities | Initiation | Outperform | $390 |
| August 20th 2025 | Rothschild & Co Redburn | Initiation | Neutral | $336 |
| May 15th 2025 | BNP Paribas Exane | Initiation | Outperform | $380 |
| March 12th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $340 |
| January 28th 2025 | Melius | Downgrade | Hold | $373 |
| November 13th 2024 | UBS | Resumed | Buy | $431← $330 |
| November 13th 2024 | Evercore ISI | Downgrade | In-line | $389← $333 |
| November 5th 2024 | Bernstein | Initiation | Outperform | $382 |
| September 16th 2024 | Citigroup | Initiation | Buy | $348 |
| September 6th 2024 | Morgan Stanley | Initiation | Overweight | $370 |
| September 6th 2024 | Wolfe Research | Upgrade | Peer Perform | - |
| June 28th 2024 | Raymond James | Initiation | Outperform | $375 |
| April 8th 2024 | Wolfe Research | Downgrade | Underperform | - |
Earnings History & Surprises
ETNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 30, 2026 | — | — | — | — |
Q1 2026 | Jan 30, 2026 | $3.34 | — | — | — |
Q4 2025 | Nov 4, 2025 | $3.05 | $3.07 | +0.7% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $2.93 | $2.95 | +0.7% | ✓ BEAT |
Q2 2025 | May 2, 2025 | $2.71 | $2.72 | +0.4% | ✓ BEAT |
Q1 2025 | Jan 31, 2025 | $2.82 | $2.83 | +0.4% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $2.80 | $2.84 | +1.4% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $2.61 | $2.73 | +4.6% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $2.29 | $2.40 | +4.8% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $2.47 | $2.55 | +3.2% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $2.34 | $2.47 | +5.6% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $2.11 | $2.21 | +4.7% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $1.78 | $1.88 | +5.6% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $2.05 | $2.06 | +0.5% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $2.01 | $2.02 | +0.5% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.82 | $1.87 | +2.7% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $1.60 | $1.62 | +1.3% | ✓ BEAT |
Q1 2022 | Feb 4, 2022 | $1.71 | $1.72 | +0.6% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $1.73 | $1.75 | +1.2% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $1.55 | $1.72 | +11.0% | ✓ BEAT |
Latest News
Wells Fargo Maintains Equal-Weight on Eaton Corp, Lowers Price Target to $340
➖ NeutralShares of electrical equipment companies are trading lower amid overall market weakness.
📉 NegativeEaton To Invest $50M+ in Virginia Manufacturing Campus, Adding 200 Jobs To Support Data Center Power Solutions
📈 PositiveWolfe Research Upgrades Eaton Corp to Outperform, Announces $413 Price Target
📈 PositiveEaton CFO Olivier Leonetti to step down
📉 NegativeEaton EVP, CFO Olivier Leonettito To Resign, Effective April 1, 2026; Re-affirms FY25 Guidance
➖ NeutralJP Morgan Maintains Overweight on Eaton Corp, Raises Price Target to $440
📈 PositiveEaton shares are trading higher after multiple analysts raised price targets on the stock.
📈 PositiveRBC Capital Maintains Outperform on Eaton Corp, Raises Price Target to $432
📈 PositiveBarclays Maintains Equal-Weight on Eaton Corp, Raises Price Target to $362
📈 PositiveEaton shares are trading lower after the company reported mixed Q3 financial results and issued Q4 GAAP EPS guidance below estimates. Also, the company cut its FY25 GAAP EPS guidance below estimates.
📉 NegativeEaton Corp Lowers FY2025 GAAP EPS Guidance from $10.41-$10.61 to $10.29-$10.49 vs $10.98 Est
📉 NegativeEaton Corp Sees Q4 GAAP EPS $2.75-$2.95 vs $3.08 Est
📉 NegativeEaton Corp Sees Q4 Adj EPS $3.23-$3.43 vs $3.38 Est
📈 PositiveEaton Corp Affirms FY2025 Adj EPS Guidance of $11.97-$12.17 vs $12.04 Est
➖ NeutralEaton Corp Q3 2025 Adj. EPS $3.07 Beats $3.05 Estimate, Sales $6.988B Miss $7.079B Estimate
➖ NeutralEaton To Buy Boyd Thermal For $9.5B, Expanding Its Data Center And Aerospace Cooling Business
📈 PositiveEaton To Acquire Boyd Thermal For $9.5B
📈 PositiveMizuho Maintains Outperform on Eaton Corp, Raises Price Target to $425
📈 PositiveAAR Becomes An Aerospace Authorized Service Center For Europe, Middle East, And Africa For Eaton
📈 PositiveFrequently Asked Questions about ETN
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