10-Q quarterly report · filed Nov 4, 2025

Eaton Corporation (ETN) Q3 2025 10-Q Quarterly Report

Short answer

Eaton Corporation (ETN) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $7.0B (up 10.1% year over year) with net income of $1.0B.

Q3 2025 key financials · XBRL

Revenue
$7.0B
+10.1% YoY · −0.5% QoQ
Net income
$1.0B
+0.1% YoY · +3.0% QoQ
EPS (diluted)
$2.58
+2.0% YoY · +2.8% QoQ

Source: XBRL data from the Eaton Corporation (ETN) Q3 2025 10-Q on SEC EDGAR. USD.

Eaton Corporation Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $6,988M Q3 2025 vs $6,345M Q3 2024; net sales $20,393M YTD 2025 vs $18,638M YTD 2024
  • Operating margin up in Electrical Americas 30.3% Q3 2025 vs 30.1% Q3 2024; Aerospace margin rose to 25.9% vs 24.4%; Vehicle margin declined 17.8% vs 19.4% YoY
  • Best segment Aerospace: sales $1,079M Q3 2025 with margin 25.9%; worst segment eMobility: sales decline 19% Q3, margin -6.6% vs -4.4% YoY
  • Operating cash flow $2,507M YTD 2025, down $223M vs 2024; investing cash outflow $783M due to acquisitions, financing cash outflow $1,812M with increased share repurchases $1,669M YTD
  • Management expects closing $1.55B Ultra PCS and $9.5B Boyd Thermal acquisitions in upcoming quarters; capital expenditures to rise to ~$900M in 2025; notes potential headwinds from inflation and tax rate increase to 20.7% effective Q3 2025

Risk Factors

  • Supply chain disruptions risk continued from 2024 10-K affecting production timing and costs
  • Exposure to raw material price volatility impacting margins and operating costs
  • Regulatory compliance risk including environmental and trade laws remains critical to operations
  • Competitive market risk from technological innovation and competitor pricing pressures
  • Currency fluctuations risk impacting international revenues and costs in multiple jurisdictions

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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