fintols

Eaton (ETN): analysis in plain words

Is Eaton cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.

Eaton (ETN) is listed on the NYSE and we classify it in industrials. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Eaton according to those figures, and the questions people ask most about the stock. No buy or sell tips.

Eaton (ETN) key figures as of November 4, 2026

FigureValueWhat it measures
Share price$353.08Last price on November 4, 2026
P/E ratio (TTM)35.3xPrice over earnings per share
Revenue growth+28.0%Latest quarter vs the same quarter a year earlier
Net margin (TTM)12.2%Profit for every 100 of sales
Net debt / EBITDA2.8xYears of operating profit to repay debt
Dividend yield1.12%Annual dividend over price
Market cap$137.2 billionWhat the stock market values it at

The Eaton figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ETN figure that is not available shows as N/A: we do not estimate it.

How Eaton makes money

Eaton makes power management equipment such as switchgear, circuit breakers, transformers and backup power systems for data centers, buildings and factories. Electrical Americas is its largest segment, followed by Electrical Global, Aerospace, which supplies aircraft components, and Vehicle and eMobility, which sells parts for trucks and cars.

Over the last 12 months, Eaton brought in revenue of $32.0 billion. For every 100 it sells, Eaton keeps 35.2 after the direct cost of what it sells (gross margin) and 17.9 after all operating costs (operating margin). With 97,303 full-time employees, that is about $329,000 of revenue per employee.

Eaton against its sector

To know whether a Eaton figure is high or low you have to put it next to similar companies. This table compares Eaton with the median of the 20 industrials companies Fintols covers, with data as of November 4, 2026.

FigureEatonindustrials median
P/E35.3x27.3x (20)
Revenue growth+28.0%+9.8% (20)
Net margin12.2%13.0% (20)
Dividend yield1.12%1.60% (20)
Net debt / EBITDA2.8x2.1x (20)

In short, against the typical industrials company, Eaton trades on a higher P/E, grows faster and pays a lower dividend yield. By size, Eaton ranks number 4 of 15 industrials companies quoted in USD on Fintols.

The bull case for Eaton

These are the strengths in the Eaton figures as of November 4, 2026:

The main risk for Eaton

The Eaton figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: the economic cycle: when industry and trade slow, its orders fall.

Frequently asked questions about Eaton

Is it a good time to buy Eaton stock?

Fintols does not tell you whether to buy or sell Eaton, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Eaton stock trades at $353.08, 26% below its 52-week high ($478.00) and 13% above its low ($311.92). Its P/E is 35.3x against a industrials median of 27.3x, and 21.6x on the earnings analysts expect over the next 12 months. With Eaton, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.

Does Eaton pay a dividend?

Yes. As of November 4, 2026, Eaton pays $4.40 per share a year, which at today's price is a yield of 1.12%. It uses 43% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 1.38%. The industrials median on Fintols is 1.60%.

Is Eaton stock expensive?

It depends on what you compare it with. On P/E, Eaton trades at 35.3x its last 12 months of earnings: more expensive than the industrials median (27.3x). Including its debt, Eaton is valued at 24.2x its EBITDA (EV/EBITDA). A high P/E alone does not make Eaton expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.

Who are Eaton's competitors?

On Fintols we compare Eaton with ADP, Parker-Hannifin and Emerson, which are also in industrials. As of November 4, 2026, ADP is worth $119.8 billion and trades on a P/E of 26.9; Parker-Hannifin is worth $114.8 billion and trades on a P/E of 32.0; Emerson is worth $95.1 billion and trades on a P/E of 37.3. Each has a side-by-side comparison with Eaton below.

Eaton competitors

To understand Eaton better

More companies like Eaton: industrials stocks and S&P 500 companies. Open the full ETN analysis with its valuation and scenarios. Educational content about Eaton, not investment advice.