Touchstone
Last syncOct 31, 2026, 6:54 PM ET

ETN

Eaton Corp Plc Industrials Misc Industrial & Commercial Machinery & Equipment S&P 500Russell 3000
$369.97Close $143.5BMarket cap $313.20 – $459.9652-week range Nov 3, 2026Next report · before the open

Highlights

Cautions

  • Not in an uptrend 4 of 8 trend conditions
  • Lagging the market RS 30 · weaker than 70% of stocks over 12 months
  • Earnings shrinking EPS −16% year on year
  • Results soon Nov 3, 2026, in 2 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Jul 31, 2026
Off 12-month high 20%
1wk up 1.1% price change
1mo down 13.9% price change
12-month return down 2% market up 11% · its own down 14%
F-score 6 / 9 Mixed
Altman Z 5.46 Low risk
P/E 35.1× price / earnings
PEG 3.52 P/E / EPS growth
P/B 7.4× price / book
Earnings yield up 3.2% EBIT / enterprise value
Cheaper than 37% of the market · expensive
Revenue growth up 10% year on year
EPS growth down 16% latest quarter · -7 pts
Sales growth up 21% latest quarter · +5 pts
ROE up 22% return on equity
Free cash margin up 13% $3.6B FCF
D/E 0.51 long-term debt / equity
Net debt / EBITDA 1.6×
Interest cover —EBIT / interest
Piotroski tests
  • took on more long-term debt
  • short-term liquidity weakened
  • gross margin narrowed
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • no new shares issued
  • assets working harder

Trade setup

ATR% 4.4% $16.23 a day · 2×ATR $337.51
RS 30 / 99 vs the universe
Trend 4 / 8 trend template
Relative volume 1.7× vs 50-day average
Up/down volume 0.89 50 sessions
Implied move 7.4% by Nov 6, 2026 · report Nov 3, 2026
Trend template · 4 of 8
  • Price above the 150 and 200-day averages: fails
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes
  • 50-day average above the 150 and 200-day: passes
  • Price above the 50-day average: fails
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Jul 31, 2026
Options $9.3M47.6% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $27.4B +10% on FY2024
$0 $50B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $17.9B FY2021 · $19.6B FY2022 · $20.8B FY2023 · $23.2B FY2024 · $24.9B FY2025 · $27.4B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $4.1B +8% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $1.4B FY2021 · $2.1B FY2022 · $2.5B FY2023 · $3.2B FY2024 · $3.8B FY2025 · $4.1B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $3.6B +1.0% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.6B FY2021 · $1.6B FY2022 · $1.9B FY2023 · $2.9B FY2024 · $3.5B FY2025 · $3.6B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 38%
  • Net 15%
  • Free cash 13%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 31% · Net 8% · Free cash 14% FY2021 · Gross 32% · Net 11% · Free cash 8% FY2022 · Gross 33% · Net 12% · Free cash 9% FY2023 · Gross 36% · Net 14% · Free cash 12% FY2024 · Gross 38% · Net 15% · Free cash 14% FY2025 · Gross 38% · Net 15% · Free cash 13%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $9.3B net debt
  • Cash
  • Long-term debt
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $438.0M · Long-term debt $8.1B FY2021 · Cash $297.0M · Long-term debt $8.6B FY2022 · Cash $294.0M · Long-term debt $8.3B FY2023 · Cash $488.0M · Long-term debt $9.3B FY2024 · Cash $555.0M · Long-term debt $9.2B FY2025 · Cash $622.0M · Long-term debt $9.9B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 387.90m -2.6% since FY2020
399.40m 387.90m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 398.10m FY2021 · 398.80m FY2022 · 397.80m FY2023 · 399.40m FY2024 · 392.90m FY2025 · 387.90m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $17.9B $19.6B $20.8B $23.2B $24.9B $27.4B
Gross margin 31% 32% 33% 36% 38% 38%
Net income $1.4B $2.1B $2.5B $3.2B $3.8B $4.1B
Net margin 8% 11% 12% 14% 15% 15%
Earnings per share $3.49 $5.34 $6.14 $8.02 $9.50 $10.45
Free cash flow $2.6B $1.6B $1.9B $2.9B $3.5B $3.6B
Free cash margin 14% 8% 9% 12% 14% 13%
Cash $438.0M $297.0M $294.0M $488.0M $555.0M $622.0M
Long-term debt $8.1B $8.6B $8.3B $9.3B $9.2B $9.9B
Shareholders' equity $14.9B $16.4B $17.0B $19.0B $18.5B $19.4B
Shares outstanding 398.10m 398.80m 397.80m 399.40m 392.90m 387.90m

Next report

Nov 3, 2026 · before the open

Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology ±7.4% $343 – $398 by Nov 6, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology ±0.9% last 4: +13.3% · -0.2% · +1.5% · -0.0%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology Bigger than usual 8.3× the usual move

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$331 – $410 ±10.7% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
About the same 47.6% priced · 45.7% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Choppier
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$9.3M calls $4.9M · puts $4.3M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.88× +0.53 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls +10.37k · puts -7.25k past week

For options traders: ATM IV 47.6% (-2.5% 1w) · 1m ÷ 3m IV 1.15 · 25Δ skew 4.3 pts · Net GEX $26.5M

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Jul 31, 2026 Quarterly ↗ Jun 30, 2026 31d
May 5, 2026 Quarterly ↗ Mar 31, 2026 35d
Feb 26, 2026 Annual ↗ Dec 31, 2025 57d
Nov 4, 2025 Quarterly ↗ Sep 30, 2025 35d
Aug 5, 2025 Quarterly ↗ Jun 30, 2025 36d
May 2, 2025 Quarterly ↗ Mar 31, 2025 32d
Feb 27, 2025 Annual ↗ Dec 31, 2024 58d
Oct 31, 2024 Quarterly ↗ Sep 30, 2024 31d
Aug 1, 2024 Quarterly ↗ Jun 30, 2024 32d
Apr 30, 2024 Quarterly ↗ Mar 31, 2024 30d
Feb 29, 2024 Annual ↗ Dec 31, 2023 60d
Oct 31, 2023 Quarterly ↗ Sep 30, 2023 31d

Current reports

FiledDisclosed
Oct 16, 2026 Other events ↗
Oct 5, 2026 Director or officer change ↗
Jul 31, 2026 Results ↗
Jun 11, 2026 Regulation FD · Other events ↗
May 5, 2026 Results ↗
Apr 23, 2026 Shareholder vote ↗
Mar 10, 2026 Agreement ended · New obligation ↗
Mar 2, 2026 Director or officer change ↗
Mar 2, 2026 Director or officer change ↗
Feb 6, 2026 Material agreement · New obligation ↗
Feb 3, 2026 Results ↗
Jan 26, 2026 Regulation FD ↗