Eaton Corporation (ETN)
Industrials · Electrical power distribution and management systems
Eaton is a diversified power management technology leader positioned at the intersection of electrification, data center growth, and aerospace innovation.
What Eaton Corporation does
Eaton is an intelligent power management company that designs and manufactures electrical and power distribution products, systems, and solutions for data centers, utilities, industrial, commercial, aerospace, and mobility markets. The company serves customers globally in 180 countries and is capitalizing on megatrends including electrification, digitalization, and infrastructure spending. With $27.4 billion in 2025 revenues, Eaton addresses critical power management challenges across electrical power distribution, energy storage, aerospace platforms, and vehicle electrification.
Themes: ["Data center electrification","Electrical infrastructure modernization","Energy transition and renewables integration","Aerospace and defense electrification","Vehicle electrification and eMobility","Power distribution digitalization","Hyperscale infrastructure","Sustainable power management","North American reindustrialization","Energy storage and grid resilience"]
Fundamentals
- Price$405.83 as of 2026-07-09 close
- Market cap$158.9B as of 2026-07-10
- 1-year return+12.8% as of 2026-07-09 close
- P/E39.82 as of 2026-07-10
- Net margin+14.0% as of 2026-07-10
- Gross margin+36.9% as of 2026-07-10
- ROE+20.8% as of 2026-07-10
- Debt / equity1.07 as of 2026-07-10
- Revenue growth (YoY)-15.1% as of 2026-07-10
- Revenue CAGR (3y)+9.8% SEC XBRL
- Beta1.18 as of 2026-07-10
Dividend: yield +1.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Significant acquisition integration risk: Eaton closed the Ultra PCS acquisition in January 2026 and announced multiple pending acquisitions (Boyd Thermal) while planning a Mobility business spin-off, creating execution and integration complexity.","Leverage increase from acquisitions: Long-term debt increased substantially from $8.8 billion (Dec 2025) to $18.5 billion (Mar 2026), materially raising financial risk and reducing flexibility.","Revenue decline headwinds: Year-over-year revenue growth is negative at -15.08%, indicating near-term market or demand softness despite long-term electrification tailwinds."]
Competitors & peers
- Schneider Electric
- Siemens
- ABB
- Legrand
- Rockwell Automation
- Emerson Electric
- Hubbell Incorporated
- Rexnord
- Generac Holdings
- ITT Inc.
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.