Financials Eaton Corporation plc

Equities

ETN

IE00B8KQN827

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2026-02-10 pm EST			5-day change	1st Jan Change
377.47 ^USD	+0.11%		+4.12%	+18.51%

Feb. 06	Eaton Increases Existing Revolving Credit Agreement, Enters Term Credit Agreement	DJ
Feb. 06	Eaton Corp enters $8 bln term credit agreement	RE

Projected Income Statement: Eaton Corporation plc

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	17,858	19,628	20,752	23,196	24,878	27,448	30,201	32,889
Change	-	9.91%	5.73%	11.78%	7.25%	10.33%	10.03%	8.9%
EBITDA ¹	3,208	3,385	4,152	4,922	5,791	6,493	7,248	8,309
Change	-	5.52%	22.66%	18.55%	17.66%	12.13%	11.61%	14.64%
EBIT ¹	1,824	2,463	3,198	3,996	4,870	5,525	6,320	7,123
Change	-	35.03%	29.84%	24.95%	21.87%	13.45%	14.39%	12.7%
Interest Paid ¹	-149	-144	-144	-151	-130	-241	-331.4	-296.7
Earnings before Tax (EBT) ¹	1,746	2,896	2,911	3,827	4,566	4,932	5,782	6,694
Change	-	65.86%	0.52%	31.47%	19.31%	8.02%	17.23%	15.78%
Net income ¹	1,410	2,144	2,462	3,218	3,794	4,087	4,796	5,521
Change	-	52.06%	14.83%	30.71%	17.9%	7.72%	17.36%	15.11%
Announcement Date	2/2/21	2/4/22	2/8/23	2/1/24	1/31/25	2/3/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	4,687	4,692	5,215	4,923	4,798	4,843	5,212	5,313	5,384	5,483	5,866	5,880	5,967	5,943	6,350	6,345	6,240	6,377	7,028	6,988	7,055	7,096	7,640	7,679	7,745	7,849	8,280	8,336
Change	-	0.11%	11.15%	-5.6%	-2.54%	0.94%	7.62%	1.94%	1.34%	1.84%	6.99%	0.24%	1.48%	-0.4%	6.85%	-0.08%	-1.65%	2.2%	10.21%	-0.57%	0.96%	0.58%	7.66%	0.52%	0.86%	1.34%	5.49%	0.68%
EBITDA ¹	1,234	846	969	846	897	886	1,007	1,152	1,108	1,062	1,241	1,314	1,306	1,309	1,445	1,496	1,542	1,461	1,611	1,735	1,729	1,563	1,786	1,958	1,986	1,800	1,986	2,140
Change	-	-31.44%	14.54%	-12.69%	6.03%	-1.23%	13.66%	14.4%	-3.82%	-4.15%	16.85%	5.88%	-0.61%	0.23%	10.39%	3.53%	3.07%	-5.25%	10.27%	7.7%	0%	-9.58%	14.28%	9.61%	1.41%	-9.36%	10.34%	7.77%
EBIT ¹	604	565	740	599	659	642	772	915	870	824	1,013	1,085	1,075	1,084	1,218	1,261	1,308	1,229	1,350	1,477	1,469	1,376	1,538	1,681	1,710	1,527	1,711	1,866
Change	-	-6.46%	30.97%	-19.05%	10.02%	-2.58%	20.25%	18.52%	-4.92%	-5.29%	22.94%	7.11%	-0.92%	0.84%	12.36%	3.53%	3.73%	-6.04%	9.85%	9.41%	-0.54%	-6.31%	11.76%	9.29%	1.74%	-10.72%	12.03%	9.09%
Charge d'intérêts ¹	-36	-38	-37	-37	-32	-32	-31	-37	-44	-50	-42	-33	-27	-30	-29	-29	-42	-33	-71	-67	-70	-78.66	-89.31	-87.96	-86.47	-80	-80	-75
Earnings before Tax (EBT) ¹	553	538	620	1,113	625	619	720	720	851	762	898	1,079	1,088	1,001	1,195	1,204	1,167	1,177	1,186	1,275	1,294	1,198	1,399	1,565	1,593	1,433	1,639	1,781
Change	-	-2.71%	15.24%	79.52%	-43.85%	-0.96%	16.32%	0%	18.19%	-10.46%	17.85%	20.16%	0.83%	-8%	19.38%	0.75%	-3.07%	0.86%	0.76%	7.5%	1.49%	-7.45%	16.85%	11.84%	1.76%	-10.05%	14.38%	8.67%
Net income ¹	475	458	506	629	551	532	601	607	721	638	744	891	946	821	993	1,009	971	964	982	1,010	1,132	957.3	1,116	1,260	1,389	1,181	1,364	1,509
Change	-	-3.58%	10.48%	24.31%	-12.4%	-3.45%	12.97%	1%	18.78%	-11.51%	16.61%	19.76%	6.17%	-13.21%	20.95%	1.61%	-3.77%	-0.72%	1.87%	2.85%	12.08%	-15.43%	16.58%	12.86%	10.27%	-14.99%	15.56%	10.58%
Announcement Date	2/2/21	5/4/21	8/3/21	11/2/21	2/4/22	5/3/22	8/2/22	11/1/22	2/8/23	5/2/23	8/1/23	10/31/23	2/1/24	4/30/24	8/1/24	10/31/24	1/31/25	5/2/25	8/5/25	11/4/25	2/3/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Eaton Corporation plc

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	6,956	8,011	8,100	6,660	7,072	9,092	7,359	5,452
Change	-	15.17%	1.11%	-17.78%	6.19%	28.56%	-16.11%	-25.91%
Announcement Date	2/2/21	2/4/22	2/8/23	2/1/24	1/31/25	2/3/26	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Eaton Corporation plc

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	400	575	598	757	808	919	1,074	1,070
Change	-	43.75%	4%	26.59%	6.74%	13.74%	21.07%	-0.34%
Free Cash Flow (FCF) ¹	2,600	1,588	1,935	2,867	3,518	3,553	4,298	5,096
Change	-	-38.92%	21.85%	48.17%	22.71%	0.99%	13.71%	18.56%
Announcement Date	2/2/21	2/4/22	2/8/23	2/1/24	1/31/25	2/3/26	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Eaton Corporation plc

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	17.96%	17.25%	20.01%	21.22%	23.28%	23.66%	24%	25.26%
EBIT Margin (%)	10.21%	12.55%	15.41%	17.23%	19.58%	20.13%	20.93%	21.66%
EBT Margin (%)	9.78%	14.75%	14.03%	16.5%	18.35%	17.97%	19.14%	20.35%
Net margin (%)	7.9%	10.92%	11.86%	13.87%	15.25%	14.89%	15.88%	16.79%
FCF margin (%)	14.56%	8.09%	9.32%	12.36%	14.14%	12.94%	14.23%	15.49%
FCF / Net Income (%)	184.4%	74.07%	78.59%	89.09%	92.73%	86.93%	89.61%	92.29%
Profitability
ROA	5.3%	6.51%	7.13%	8.76%	9.88%	10.26%	11.46%	12.04%
ROE	11.05%	13.68%	14.69%	17.84%	20.22%	21.56%	23.58%	23.7%
Financial Health
Leverage (Debt/EBITDA)	2.17x	2.37x	1.95x	1.35x	1.22x	1.35x	1.02x	0.66x
Debt / Free cash flow	2.68x	5.04x	4.19x	2.32x	2.01x	2.56x	1.71x	1.07x
Capital Intensity
CAPEX / Current Assets (%)	2.24%	2.93%	2.88%	3.26%	3.25%	3.35%	3.56%	3.25%
CAPEX / EBITDA (%)	12.47%	16.99%	14.4%	15.38%	13.95%	13.66%	14.82%	12.88%
CAPEX / FCF (%)	15.38%	36.21%	30.9%	26.4%	22.97%	25.87%	24.98%	21%
Items per share
Cash flow per share ¹	7.178	5.425	6.32	9.08	10.88	11.43	14.3	16.14
Change	-	-24.42%	16.49%	43.68%	19.85%	5.04%	17.07%	12.85%
Dividend per Share ¹	2.92	3.04	3.24	3.44	3.76	4.083	4.296	4.61
Change	-	4.11%	6.58%	6.17%	9.3%	8.59%	5.22%	7.32%
Book Value Per Share ¹	37.12	41.16	42.6	47.66	46.29	50.58	57.44	64.53
Change	-	10.87%	3.51%	11.88%	-2.88%	9.26%	13.57%	12.33%
EPS ¹	3.49	5.34	6.14	8.02	9.5	10.45	12.4	14.41
Change	-	53.01%	14.98%	30.62%	18.45%	10%	17.25%	16.25%
Nbr of stocks (in thousands)	400,300	398,600	397,700	399,300	395,200	388,400	388,400	388,400
Announcement Date	2/2/21	2/4/22	2/8/23	2/1/24	1/31/25	2/3/26	-	-