Investing
CapEx
Eaton Corporation CapEx increased by 120.2% to $392.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 53.7%, from $255.00M to $392.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 12.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $153.00M | $140.00M | $163.00M | $115.00M | $139.00M | $135.00M | $209.00M | $126.00M | $160.00M | $228.00M | $243.00M | $183.00M | $187.00M | $183.00M | $255.00M | $147.00M | $202.00M | $178.00M | $392.00M |
| QoQ Change | — | -8.5% | +16.4% | -29.4% | +20.9% | -2.9% | +54.8% | -39.7% | +27.0% | +42.5% | +6.6% | -24.7% | +2.2% | -2.1% | +39.3% | -42.4% | +37.4% | -11.9% | +120.2% |
| YoY Change | — | — | — | — | -9.2% | -3.6% | +28.2% | +9.6% | +15.1% | +68.9% | +16.3% | +45.2% | +16.9% | -19.7% | +4.9% | -19.7% | +8.0% | -2.7% | +53.7% |
Range$115.00M – $392.00M
CAGR+23.3%
Avg YoY Growth+14.1%
Median YoY Growth+9.6%
CapEx at Other Companies
Frequently Asked Questions
- What is Eaton Corporation's capex?
- Eaton Corporation (ETN) reported capex of $392.00M in Q4 2025.
- How has Eaton Corporation's capex changed year-over-year?
- Eaton Corporation's capex increased by 53.7% year-over-year, from $255.00M to $392.00M.
- What is the long-term trend for Eaton Corporation's capex?
- Over 4 years (2021 to 2025), Eaton Corporation's capex has grown at a 12.4% compound annual growth rate (CAGR), from $575.00M to $919.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.