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Industrials · Electrical Components & Equipment

Eaton: revenue, profit and dividends

In fiscal 2025, Eaton had revenue of $27.4B, up 2.8% a year on average since 2015, and net income of $4.09B (14.9% of revenue). Its dividend per share has gone up 15 years in a row, to $4.16. It has 16% fewer shares than in 2015.

Revenue, fiscal 2025

$27.4B+2.8% a year

average annual revenue growth since 2015 · +10.3% vs 2024

Net income, 2025
$4.09B
14.9% of revenue
Diluted EPS, 2025
$10.45
9.5% a year since 2015
Dividend per share, 2025
$4.16
raised every year since 2011
Revenue growth, 5 years
9.0% a year
since 2020
Shares, 2025
391M
−16.2% since 2015
Free cash flow, 2025
$3.55B
$4.47B from operations − $919M capex
Ticker
ETN · NYSE
Sector
Industrials
Sub-industry
Electrical Components & Equipment
Headquarters
Dublin, Ireland
Founded
1911
In the S&P 500 since
March 4, 1957, the index’s first day
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Eaton Corp plc · CIK 0001551182

Revenue and net income

Revenue went from $13.7B in 2010 to $27.4B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $2.73 in 2010 to $10.45 in 2025. Ten-year growth: 9.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised every year in the data: 15 years in a row, from 2011 to 2025. Ten-year growth: 6.6% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

16.2% fewer shares in 2025 than in 2015 (467M → 391M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $3.55B in 2025, 12.9% of revenue.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSDividendSharesOperating cash flowCapexFree cash flow
2025$27.4B$4.09B14.9%$10.45$4.16391M$4.47B$919M$3.55B
2024$24.9B$3.79B15.3%$9.50$3.76399M$4.33B$808M$3.52B
2023$23.2B$3.22B13.9%$8.02$3.44401M$3.62B$757M$2.87B
2022$20.8B$2.46B11.9%$6.14$3.24401M$2.53B$598M$1.94B
2021$19.6B$2.14B10.9%$5.34$3.04402M$2.16B$575M$1.59B
2020$17.9B$1.41B7.9%$3.49$2.92404M$2.94B$389M$2.56B
2019$21.4B$2.21B10.3%$5.25$2.84421M$3.45B$587M$2.86B
2018$21.6B$2.15B9.9%$4.91$2.64437M$2.66B$565M$2.09B
2017$20.4B$2.98B14.6%$6.68$2.40447M$2.67B$520M$2.15B
2016$19.7B$1.92B9.7%$4.20$2.28456M$2.57B$497M$2.07B
2015$20.9B$1.97B9.5%$4.22$2.20467M$2.41B$506M$1.9B
2014$22.6B$1.79B8.0%$3.76$1.96477M$1.88B$632M$1.25B
2013$22B$1.86B8.4%$3.90$1.68477M$2.29B$614M$1.67B
2012$16.3B$1.22B7.5%$3.46$1.52351M$1.66B$593M$1.07B
2011$16B$1.35B8.4%$3.93$1.36343M$1.25B$568M$680M
2010$13.7B$929M6.8%$2.73$1.08340M$1.28B$394M$888M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Other Electrical Components & Equipment companies

All 83 Industrials companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.