ETN Eaton Corporation

FY2025 10-K
Filed: Feb 26, 2026
Industrials
Misc Industrial & Commercial Machinery & EquipmentSEC EDGAR

Eaton Corporation (ETN) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Intelligent power management company; $27.4B revenue in 2025, serving customers in 180 countries
  • Acquired Fibrebond (modular data center) and Resilient (solid-state transformer tech) in 2025; Boyd Thermal liquid cooling deal announced; Ultra PCS aerospace closed Jan 2026 — all targeting data center and aerospace growth
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Management Discussion & Analysis

  • Revenue $27.4B in 2025, up ~10% YoY from $24.9B, driven by 8% organic growth and acquisitions; 2024 also grew ~7% organically to $24.9B
  • Gross margin 37.6% vs 38.2% in 2024; net income $4.09B with adjusted EPS $12.07 vs $10.80; effective tax rate 17.1% vs 16.8%
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Risk Factors

  • Planned Mobility segment spin-off by Q1 2027 risks delays, dis-synergy costs, tax-free status uncertainty, and management distraction
  • GDPR fines up to 4% of global revenue for data privacy violations; conflicting U.S. state and foreign cybersecurity regulations add compliance costs
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Financial Summary
XBRL

Revenue

$27.4B

Net Income

$4.1B

Net Margin

14.9%

ROE

21.0%

Total Assets

$41.3B

EPS (Diluted)

$10.45

Operating Cash Flow

$4.5B

Source: XBRL data from Eaton Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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