Eaton Corporation plc

ETNNYSEIndustrials● Active

$403.14

+$7.20(+1.82%)

Market Cap$156.5B

P/E Ratio—

52W High$435.43

52W Low$311.92

Avg Volume2.7M

Open$400.13

Beta1.19

Overview

Eaton Corporation plc (ETN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ETN · free cash flow · updated Jun 8, 2026

Core FCF metrics

ETN · FCF · TTM · margin & CAGR

Free cash flow was $4.47B for FY2025 (fiscal year ending 2025-12-31), up 27.1% year-over-year The FCF margin was 16.3%. Five-year CAGR stands at +11.8%.

FY2025 Free Cash Flow$4.47B▲ +27.1% YoY

Trailing 12M (TTM)$4.70Btrailing 4 quarters sum

FCF Margin16.3%$4.47B ÷ revenue

3-Year CAGR+32.2%FY2022 → FY2025

5-Year CAGR+11.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ETN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.47B(0M)$4.47B▲ +27.1%16.3%

FY2024$4.33B(808M)$3.52B▲ +22.7%14.2%

FY2023$3.62B(757M)$2.87B▲ +48.2%12.4%

FY2022$2.53B(598M)$1.94B▲ +21.9%9.3%

FY2021$2.16B(575M)$1.59B▼ 37.8%8.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ETN · P/FCF · FCF yield · FCF per share

Eaton Corporation plc (ETN) trades at a FCF yield of 3.05% and a price-to-free-cash-flow ratio of 33.3x. FCF per share stands at $12.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.05%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$12.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x33.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x37.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ETN · cash flow statement · operating / investing / financing

For FY2025, Eaton Corporation plc generated $4.47B in operating cash flow and spent 0M in capital expenditures, yielding $4.47B in free cash flow.

Operating Activities

+$4.47B

Cash from core business operations

2025-12-31

Investing Activities

−$1.10B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.17B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.47B) − |CapEx| (0M) = FCF ($4.47B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ETN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Eaton Corporation plcYOU

ETN

$4.47B+27.1%16.3%

44%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Eaton Corporation plc (ETN) reported free cash flow of $4.47B for FY2025 (fiscal year ending 2025-12-31), up 27.1% year-over-year. The FCF margin was 16.3%.

Based on available data, Eaton Corporation plc has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.47B in FY2025. The 5-year CAGR stands at +11.8%.

Eaton Corporation plc's FCF yield is 3.05% and price-to-FCF ratio is 33.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ETN free cash flow · 8 questions

Eaton Corporation plc free cash flow was $4.47B for FY2025, up 27.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.70B.

ETN free cash flowETN FCFETN FCF 2025ETN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Eaton Corporation plc · Eaton Corporation plc SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026