Eaton Corporation plc (ETN) Financial Statements
Eaton financial statements at a glance
Eaton reported revenue of $27.45 billion for fiscal year 2025 (ended December 31, 2025), up 10.3% from fiscal year 2024. Net income was $4.09 billion, a net margin of 14.9%, and diluted earnings per share were $10.45.
At the end of fiscal year 2025 it had total assets of $41.25 billion, total liabilities of $21.78 billion and shareholders' equity of $19.43 billion, with cash and short-term investments of $803.00 million and total debt of $10.53 billion.
Its operations brought in $4.47 billion of cash; capital spending was $919.00 million, leaving free cash flow of $3.55 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Eaton Corporation plc
Income Statement
Annual • USD
Eaton key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $27.4B | $24.9B | $23.2B | $20.8B | $19.6B |
| Gross profit | $10.3B | $9.5B | $8.4B | $6.9B | $6.3B |
| Operating income | $5.2B | $4.7B | $4.0B | $3.1B | $2.5B |
| Net income | $4.1B | $3.8B | $3.2B | $2.5B | $2.1B |
| Diluted EPS | $10.45 | – | – | – | $5.34 |
| Total assets | $41.3B | $38.4B | $38.4B | $35.0B | $34.0B |
| Total liabilities | $21.8B | $19.9B | $19.4B | $18.0B | $17.6B |
| Shareholders' equity | $19.4B | $18.5B | $19.0B | $17.0B | $16.4B |
| Cash and short-term investments | $803.0M | – | – | – | $568.0M |
| Total debt | $10.5B | $9.2B | $9.3B | $8.7B | $8.9B |
| Operating cash flow | $4.5B | $4.3B | $3.6B | $2.5B | $2.2B |
| Capital spending | $919.0M | – | – | – | $575.0M |
| Free cash flow | $3.6B | – | – | – | $1.6B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Eaton's revenue in fiscal year 2025?
$27.45 billion, up 10.3% from $24.88 billion in fiscal year 2024.
How much profit does Eaton make?
Eaton reported net income of $4.09 billion for fiscal year 2025 (14.9% of revenue); operating income was $5.21 billion.
How much cash and debt does Eaton have?
At the end of fiscal year 2025: cash and short-term investments of $803.00 million and total debt of $10.53 billion.
What is Eaton's free cash flow?
$3.55 billion in fiscal year 2025 (operating cash flow of $4.47 billion minus capital spending of $919.00 million).
