Eaton

Eaton (ETN) Q4 2025 Earnings

Reported Feb 3, 2026 at 7:00 AM ET · SEC Source

Q4 25 EPS

$3.33

BEAT +0.34%

Est. $3.32

Q4 25 Revenue

$7.06B

MISS 0.51%

Est. $7.09B

vs S&P Since Q4 25

-0.6%

TRAILING MARKET

ETN +7.9% vs S&P +8.5%

Full Year 2025 Results

FY 25 EPS

$12.07

BEAT +0.03%

Est. $12.07

FY 25 Revenue

$27.45B

BEAT +0.02%

Est. $27.44B

Market Reaction

Did ETN Beat Earnings? Q4 2025 Results

Eaton capped a strong fiscal year with a fourth-quarter performance that edged past Wall Street's expectations, reporting adjusted EPS of $3.33 against a consensus estimate of $3.32, while revenue of $7.05 billion rose 13.1% year-over-year and came i… Read more Eaton capped a strong fiscal year with a fourth-quarter performance that edged past Wall Street's expectations, reporting adjusted EPS of $3.33 against a consensus estimate of $3.32, while revenue of $7.05 billion rose 13.1% year-over-year and came in fractionally ahead of forecasts. The headline driver was Electrical Americas, where record quarterly sales of $3.51 billion, up 21% year-over-year on 15% organic growth, reflected surging demand from data center customers, a trend that has drawn broad analyst attention and lifted price targets at multiple firms. Segment margins reached a quarterly record of 24.9%, while operating and free cash flows also hit quarterly records at $1.97 billion and $1.57 billion, respectively. Looking ahead, management guided full-year 2026 adjusted EPS of $13.00 to $13.50, representing roughly 10% growth at the midpoint, alongside organic revenue growth of 7-9%; the pending $9.50 billion acquisition of Boyd Thermal and the planned spin-off of the Mobility business by end of Q1 2027 are set to further reshape the portfolio.

Key Takeaways

  • Data center momentum driving Electrical Americas order acceleration of 16% organically
  • Strong Aerospace order growth of 11% organically
  • 9% organic sales growth in Q4 2025
  • Electrical sector backlog growth of 29% and Aerospace backlog growth of 16%
  • Book-to-bill ratio of 1.1 for both Electrical and Aerospace businesses
  • Segment margins of 24.9%, a Q4 record
24/7 Wall St

ETN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

ETN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“In the fourth quarter, we continued to convert strong demand into accelerated orders and organic growth. Electrical and Aerospace were standout drivers, contributing to sustained backlog growth and a book-to-bill ratio of 1.1.”

— Paulo Ruiz, Q4 2025 Earnings Press Release