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Eaton Corporation ETN Interest coverage

Interest coverage at other companies

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Parker-HannifinPH
11.6×+1.2×
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15.2×+4.9×
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Honeywell InternationalHON
4.5×-1.9×
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AmphenolAPH
13.4×-0.3×
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Vertiv Holdings CoVRT
35.1×+24.4×
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nVent Electric plcNVT
6.5×-3.6×

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
Debt / equity0.2×-0.3×
Current ratio1.2×-0.1×

Where this comes from

Calculated from Eaton Corporation’s reported figures.

Based on trailing twelve months.

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 interest coverage?
Eaton Corporation (ETN) reported interest coverage of 16.5× in Q1 2026.
How has Eaton Corporation's interest coverage changed year-over-year?
Eaton Corporation's interest coverage decreased by 55.0% year-over-year, from 36.7× to 16.5×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.