Eaton Corporation plc (ETN)
Eaton is a global power management company that helps businesses and homes distribute, store, and use electricity more efficiently.
Is Eaton Corporation plc a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Essential role in the global energy transition. Worth weighing: High valuation compared to historical earnings.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Eaton Corporation plc do?
Think of Eaton as the plumbing for the modern electrical grid; they make the transformers, circuit breakers, and software that keep power flowing safely. Profits come from selling these essential components to data centres, utility companies, and industrial factories. Their fortunes hinge on how well they ride the global surge in demand for electricity to power artificial intelligence and renewable energy projects.
On our factor screen it looks strongest on momentum and income, and weakest on value.
- ✓Pays a dividend - about 1.0% a year
- ✓Growing - revenue up about 21% over the year
- !High P/E of 47 - big growth is already priced in
- ✓Strong return on shareholder money (ROE 20%)
- Momentum screens high
- Value screens low
Does Eaton Corporation plc pay a dividend?
Yes - Eaton Corporation plc currently pays a dividend of about 1.0% a year, which is £9.90 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about Eaton Corporation plc's dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 7 Aug 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
Does Eaton Corporation plc have more cash or more debt?
It holds about $695.00M in cash against about $21.33B of debt - so it has net debt of about $20.63B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do Eaton Corporation plc's numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Eaton Corporation plc actually fallen?
Over the last 2 years of daily prices, Eaton Corporation plc fell as much as −35% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns Eaton Corporation plc?
About 89% of Eaton Corporation plc, or about 89 in every 100 shares, is held by big institutions such as pension and index funds. The rest, roughly 11%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Eaton Corporation plc make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of Eaton Corporation plc's sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £64 covers making the product or service, £23 goes on running costs, tax and interest, and about £13 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does Eaton Corporation plc report earnings, and how did recent quarters go?
Eaton Corporation plc is next scheduled to report on about 2026-11-03 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-31 | $3.08 | $3.15 | Beat +2% |
| 2026-05-05 | $2.73 | $2.81 | Beat +3% |
| 2026-02-03 | $3.32 | $3.33 | In line |
| 2025-11-04 | $3.05 | $3.07 | In line |
| 2025-08-05 | $2.92 | $2.95 | In line |
| 2025-05-02 | $2.71 | $2.72 | In line |
Across the last 6 quarters here, Eaton Corporation plc came in ahead of what analysts expected 2 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Eaton Corporation plc?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Eaton becomes the primary provider for global AI data centre power needs
Technological disruption or loss of market share to cheaper competitors
What are the pros and cons of Eaton Corporation plc?
A balance check, not a score or verdict.
- Essential role in the global energy transition
- Strong profitability with healthy margins
- High return on shareholder capital
- High valuation compared to historical earnings
- Recent dip in year-on-year earnings growth
- Share price is more sensitive to market swings than average
- Dependence on large-scale industrial and utility projects
- Potential for rising raw material costs to squeeze margins
- Global economic slowdown reducing demand for new infrastructure
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained decline in global demand for electrical infrastructure
- Significant loss of market share to new, more efficient competitors
Common questions about Eaton Corporation plc
Does Eaton Corporation plc pay a dividend?
Yes - Eaton Corporation plc currently pays a dividend of about 1.0% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does Eaton Corporation plc report earnings next?
Eaton Corporation plc is next scheduled to report results on about 2026-11-03. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.