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Eaton Corporation ETN Debt-to-equity

Debt-to-equity at other companies

Hubbell logo
HubbellHUBB
0.6×+0.2×
Parker-Hannifin logo
Parker-HannifinPH
0.7×+0.1×
Woodward logo
WoodwardWWD
0.4×+0.1×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×
Amphenol logo
AmphenolAPH
-0.7×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
0.7×-0.4×

Other financials

Income statement

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Revenue$7.5B+16.8%
Gross profit$2.7B+8.4%
Net income$866.0M-10.2%
EPS (diluted)$2.22-9.4%

Balance sheet

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Cash & equivalents$565.0M-68.2%
Total debt$3.2B-64.6%
Total equity$19.7B+6.6%
Total assets$55.1B+40.5%

Cash flow

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Operating cash flow$507.0M+113%
CapEx$193.0M+31.3%
Free cash flow$314.0M+245%

Valuation

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Market cap$159.06B+30.3%
Enterprise value$161.71B+24.3%
P/E39.9×+8.9×
P/S5.6×+0.8×

Profitability

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Gross margin36.9%-1.6pp
Net margin14%-1.6pp

Returns & leverage

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Return on equity20.9%0.0pp
Current ratio1.2×-0.1×

Where this comes from

Calculated from Eaton Corporation’s reported figures.

Based on the most recent quarter.

The official record: Eaton Corporation’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eaton Corporation's debt-to-equity?
Eaton Corporation (ETN) reported debt-to-equity of 0.2× in Q1 2026.
How has Eaton Corporation's debt-to-equity changed year-over-year?
Eaton Corporation's debt-to-equity decreased by 66.8% year-over-year, from 0.5× to 0.2×.
What is the long-term trend for Eaton Corporation's debt-to-equity?
Over 4 years (2021 to 2025), Eaton Corporation's debt-to-equity has grown at a -4.2% compound annual growth rate (CAGR), from 2.5× to 2.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.