Eaton Corporation (ETN) FY2025 10-K Annual Report
Eaton Corporation (ETN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Eaton Corporation FY2025 10-K Analysis
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
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%
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
Eaton Corporation FY2025 Key Financial MetricsXBRL
Revenue
$27.4B
▲ +10.3% YoY
Net Income
$4.1B
▲ +7.7% YoY
Net Margin
14.9%
▼ -36bp YoY
ROE
21.0%
▲ +52bp YoY
Total Assets
$41.3B
▲ +7.5% YoY
EPS (Diluted)
$10.45
▲ +10.0% YoY
Operating Cash Flow
$4.5B
▲ +3.4% YoY
Source: XBRL data from Eaton Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.
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