Eaton Corp plc
Business
Eaton Corporation plc is an intelligent power management company that designs and manufactures electrical products, systems, and solutions for data center, utility, industrial, commercial, aerospace, and mobility markets. Principal offerings include power distribution systems, electrical components, aerospace technologies, vehicle powertrains and electrification solutions, and related digital controls. The company operates through reportable segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility, serving customers across 180 countries with a focus on electrification, digitalization, and infrastructure modernization.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 27,400 | 24,878 | 23,196 | 20,752 | 19,628 | |
| Cost of products sold | 17,131 | 15,375 | 14,762 | 13,865 | 13,293 | |
| Selling and administrative expense | 4,311 | 4,077 | 3,795 | 3,227 | 3,256 | |
| Research and development expense | 797 | 794 | 754 | 665 | 616 | |
| Interest expense - net | 241 | 130 | 151 | — | — | |
| Other expense (income) - net | 37 | −64 | −93 | −36 | 40 | |
| Income before income taxes | 4,932 | 4,566 | 3,827 | 2,911 | 2,896 | |
| Income tax expense | 841 | 768 | 604 | 445 | 750 | |
| Net income | 4,090 | 3,798 | 3,223 | 2,465 | 2,146 | |
| Less net income for noncontrolling interests | −3 | −4 | −5 | −4 | −2 | |
| Net income attributable to Eaton ordinary shareholders | 4,087 | 3,794 | 3,218 | 2,462 | 2,144 | |
| Diluted (USD per share) | 10.45 | 9.5 | 8.02 | 6.14 | 5.34 | |
| Basic (USD per share) | 10.48 | 9.54 | 8.06 | 6.17 | 5.38 | |
| Diluted (in shares) | 391 | 399 | 401 | 401 | 402 | |
| Basic (in shares) | 390 | 398 | 399 | 399 | 399 | |
| Cash dividends declared per ordinary share (USD per share) | 4.16 | 3.76 | 3.44 | 3.24 | 3.04 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 622 | 555 | 488 | 294 | 297 | |
| Short-term investments | 181 | 1,525 | 2,121 | 261 | 271 | |
| Accounts receivable - net | 5,387 | 4,619 | 4,475 | 4,076 | 3,297 | |
| Inventory | 4,721 | 4,227 | 3,739 | 3,430 | 2,969 | |
| Prepaid expenses and other current assets | 1,444 | 874 | 851 | 685 | 677 | |
| Total current assets | 12,355 | 11,801 | 11,675 | 8,746 | 7,511 | |
| Land and buildings | 2,361 | 2,239 | 2,241 | 2,129 | 2,227 | |
| Machinery and equipment | 7,667 | 6,823 | 6,497 | 5,885 | 5,591 | |
| Gross property, plant and equipment | 10,028 | 9,062 | 8,738 | 8,013 | 7,818 | |
| Accumulated depreciation | −5,712 | −5,333 | −5,208 | −4,867 | −4,754 | |
| Net property, plant and equipment | 4,316 | 3,729 | 3,530 | 3,146 | 3,064 | |
| Goodwill | 15,769 | 14,713 | 14,977 | 14,796 | 14,751 | |
| Other intangible assets | 5,054 | 4,658 | 5,091 | 5,485 | 5,855 | |
| Operating lease assets | 768 | 806 | 648 | 570 | 442 | |
| Deferred income taxes | 707 | 609 | 458 | 330 | 392 | |
| Other assets | 2,281 | 2,066 | 2,052 | 1,940 | 2,012 | |
| Total assets | 41,251 | 38,381 | 38,432 | 35,014 | 34,027 | |
| Short-term debt | 1 | 0 | 8 | 324 | 13 | |
| Current portion of long-term debt | 1,136 | 674 | 1,017 | 10 | 1,735 | |
| Accounts payable | 4,168 | 3,678 | 3,365 | 3,072 | 2,797 | |
| Accrued compensation | 644 | 670 | 676 | 467 | 501 | |
| Other current liabilities | 3,421 | 2,835 | 2,680 | 2,488 | 2,166 | |
| Total current liabilities | 9,370 | 7,857 | 7,747 | 6,360 | 7,212 | |
| Long-term debt | 8,758 | 8,478 | 8,244 | 8,321 | 6,831 | |
| Pension liabilities | 702 | 741 | 768 | 649 | 872 | |
| Other postretirement benefits liabilities | 161 | 164 | 180 | 177 | 263 | |
| Operating lease liabilities | 637 | 669 | 533 | 459 | 337 | |
| Deferred income taxes | 265 | 275 | 402 | 530 | 559 | |
| Other noncurrent liabilities | 1,889 | 1,667 | 1,489 | 1,444 | 1,502 | |
| Total noncurrent liabilities | 12,412 | 11,994 | 11,616 | 11,580 | 10,364 | |
| Ordinary shares (387.9 million outstanding in 2025 and 392.9 million in 2024) | 4 | 4 | 4 | 4 | 4 | |
| Capital in excess of par value | 12,837 | 12,731 | 12,634 | 12,512 | 12,449 | |
| Retained earnings | 10,702 | 10,096 | 10,305 | 8,468 | 7,594 | |
| Accumulated other comprehensive loss | −4,118 | −4,342 | −3,906 | −3,946 | −3,633 | |
| Shares held in trust | 0 | −1 | −1 | −1 | −1 | |
| Total Eaton shareholders equity | 19,425 | 18,488 | 19,036 | 17,038 | 16,413 | |
| Noncontrolling interests | 44 | 43 | 33 | 38 | 38 | |
| Total equity | 19,469 | 18,531 | 19,069 | 17,075 | 16,451 | |
| Total liabilities and equity | 41,251 | 38,381 | 38,432 | 35,014 | 34,027 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1,006 | 921 | 926 | 954 | 922 | |
| Deferred income taxes | 45 | −154 | −182 | −128 | −111 | |
| Pension and other postretirement benefits expense | 43 | 24 | 15 | 54 | 53 | |
| Contributions to pension plans | −124 | −110 | −113 | −116 | −343 | |
| Contributions to other postretirement benefits plans | −16 | −18 | −20 | −24 | −20 | |
| Changes in working capital | — | — | — | 40 | 22 | |
| Accounts receivable - net | −420 | −215 | −341 | −743 | −271 | |
| Inventory | −256 | −566 | −282 | −490 | −629 | |
| Unbilled receivables | −357 | −52 | −54 | — | — | |
| Accounts payable | 332 | 399 | 256 | 334 | 832 | |
| Accrued compensation | −50 | 21 | 197 | −16 | 154 | |
| Accrued income and other taxes | −116 | 142 | 61 | 170 | −317 | |
| Deferred revenue liabilities | 202 | 2 | 119 | — | — | |
| Other current assets | −198 | −27 | −58 | −179 | −116 | |
| Other current liabilities | 145 | 77 | −47 | 236 | 38 | |
| Other - net | 146 | 85 | −76 | 40 | 22 | |
| Net cash provided by operating activities | 4,472 | 4,327 | 3,624 | 2,533 | 2,163 | |
| Capital expenditures for property, plant and equipment | −919 | −808 | −757 | −598 | −575 | |
| Cash paid for acquisition of businesses, net of cash acquired | −1,490 | −50 | 0 | −610 | −4,500 | |
| Proceeds from sales of property, plant and equipment | 80 | 85 | 76 | 163 | 44 | |
| Investments in associate companies | −16 | −70 | −68 | −42 | −124 | |
| Return of investment from associate companies | 0 | 33 | 9 | 1 | — | |
| Sales (purchases) of short-term investments - net | 1,339 | 575 | −1,861 | −19 | 379 | |
| Proceeds from (payments for) settlement of currency exchange contracts not designated as hedges - net | 3 | −3 | 92 | −47 | −27 | |
| Other - net | −98 | −32 | −65 | −80 | −90 | |
| Net cash used in investing activities | −1,101 | −271 | −2,575 | −1,200 | −1,764 | |
| Proceeds from borrowings | 1,058 | 1,084 | 818 | 1,995 | 1,798 | |
| Payments on borrowings | −717 | −1,015 | −19 | −2,012 | −1,013 | |
| Short-term debt, net | 1 | −8 | −311 | 317 | 20 | |
| Cash dividends paid | −1,626 | −1,500 | −1,379 | −1,299 | −1,219 | |
| Exercise of employee stock options | 39 | 69 | 78 | 28 | 63 | |
| Repurchase of shares | −1,862 | −2,492 | 0 | −286 | −122 | |
| Employee taxes paid from shares withheld | −52 | −70 | −49 | −60 | −47 | |
| Other - net | −14 | −4 | −9 | −23 | −15 | |
| Net cash used in financing activities | −3,173 | −3,936 | −871 | −1,340 | −535 | |
| Effect of currency on cash | −131 | −52 | 16 | 4 | −5 | |
| Total increase in cash | 67 | 67 | 194 | −3 | −141 |
Filings
Material Events
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Institutional Holders
Frequently asked questions
What is Eaton Corp plc's CIK number?
Eaton Corp plc's SEC CIK number is 0001551182 (1551182). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Eaton Corp plc's SEC filings?
All of Eaton Corp plc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Eaton Corp plc last report earnings?
Eaton Corp plc (ETN) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001551182-26-000010). This is Eaton Corp plc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Eaton Corp plc's most recent earnings 8-K?
Eaton Corp plc's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001551182-26-000010. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Eaton Corp plc's latest earnings 8-K →
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