Eaton Corporation plc

ETNIE

Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global; Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service. The Aerospace segment supplies aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment deals with the design, manufacture, marketing, and supply of drivetrain and powertrain systems and critical components that reduce emissions and improve fuel economy, stability, performance and safety of cars, light trucks and commercial vehicles. The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. The company was founded in 1911 and is headquartered in Dublin, Ireland.

Founded1911IPO year1972As of2026-08-04
Market Cap
$172.07B
Enterprise Value
$192.70B
EV / LTM Revenue
7.0x
EV / NTM Revenue
5.6x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
5.6x
Gross Profit
15.5x
EBITDA
26.5x
Classification
Sector
Industrial, Aerospace & Defense
Sub-sector
Electrical Equipment & Power Systems
Listing
ETN
Country
IE
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY6%12%7%10%18%11%
Revenue$19.63B$20.75B$23.20B$24.88B$27.45B$32.52B$36.07B
Gross Profit$6.32B$6.91B$8.43B$9.50B$10.32B
Gross Profit Margin32.2%33.3%36.4%38.2%37.6%
EBITDA$3.99B$3.97B$4.98B$5.63B$6.21B$6.82B$7.57B
EBITDA Margin20.3%19.1%21.5%22.6%22.6%21.0%21.0%
EBIT$2.87B$3.24B$3.98B$4.87B$5.23B$5.54B$6.15B
Net Income$2.14B$2.46B$3.22B$3.79B$4.09B$5.25B$6.12B
Free Cash Flow$1.59B$1.94B$2.87B$3.52B$4.47B
FCF Margin8.1%9.3%12.4%14.1%16.3%
Short-Term Debt$1.75B$334M$1.02B$674M$1.14B
Long-Term Debt$6.83B$8.32B$8.24B$8.48B$9.39B
Cash & Cash Equivalents$297M$294M$488M$555M$622M
Net Debt$8.28B$8.36B$8.78B$8.60B$9.91B
Net Debt / EBITDA2.1x2.1x1.8x1.5x1.6x
Rule of 4015.1%24.1%21.4%26.6%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.