Eaton Corporation plc (ETN)
NYSE: ETN · Real-Time Price · USD
352.97
-6.07 (-1.69%)
At close: Nov 13, 2026, 4:00 PM EST
349.99
-2.98 (-0.84%)
After-hours: Nov 13, 2026, 7:59 PM EST
Eaton Corporation Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,897 | 4,087 | 3,794 | 3,218 | 2,462 | 2,144 |
Depreciation & Amortization | 1,390 | 1,006 | 921 | 926 | 954 | 922 |
Loss (Gain) From Sale of Assets | - | - | - | - | -24 | -197 |
Other Operating Activities | 76 | 97 | -169 | -371 | -171 | -397 |
Change in Accounts Receivable | -420 | -420 | -215 | -341 | -743 | -271 |
Change in Inventory | -256 | -256 | -566 | -282 | -490 | -629 |
Change in Accounts Payable | 332 | 332 | 399 | 256 | 334 | 832 |
Change in Unearned Revenue | 202 | 202 | 2 | 119 | - | - |
Change in Income Taxes | -116 | -116 | 142 | 61 | 170 | -317 |
Change in Other Net Operating Assets | -197 | -460 | 19 | 38 | 41 | 76 |
Operating Cash Flow | 4,908 | 4,472 | 4,327 | 3,624 | 2,533 | 2,163 |
Operating Cash Flow Growth | 19.59% | 3.35% | 19.40% | 43.07% | 17.11% | -26.53% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,113 | -919 | -808 | -757 | -598 | -575 |
Sale of Property, Plant & Equipment | 76 | 80 | 85 | 76 | 163 | 44 |
Cash Acquisitions | -11,065 | -1,490 | -50 | - | -610 | -4,500 |
Divestitures | - | - | - | - | 31 | 3,129 |
Investment in Securities | -178 | 1,323 | 538 | -1,920 | -60 | 255 |
Other Investing Activities | -45 | -95 | -36 | 26 | -126 | -117 |
Investing Cash Flow | -12,325 | -1,101 | -271 | -2,575 | -1,200 | -1,764 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 1 | - | - | 317 | 20 |
Long-Term Debt Issued | - | 1,058 | 1,084 | 818 | 1,995 | 1,798 |
Total Debt Issued | 10,703 | 1,059 | 1,084 | 818 | 2,312 | 1,818 |
Short-Term Debt Repaid | - | - | -8 | -311 | - | - |
Long-Term Debt Repaid | - | -717 | -1,015 | -19 | -2,012 | -1,013 |
Total Debt Repaid | -1,148 | -717 | -1,023 | -330 | -2,012 | -1,013 |
Net Debt Issued (Repaid) | 9,555 | 342 | 61 | 488 | 300 | 805 |
Issuance of Common Stock | 46 | 39 | 69 | 78 | 28 | 63 |
Repurchase of Common Stock | -251 | -1,914 | -2,562 | -49 | -346 | -169 |
Common Dividends Paid | -1,689 | -1,626 | -1,500 | -1,379 | -1,299 | -1,219 |
Other Financing Activities | -71 | -14 | -4 | -9 | -23 | -15 |
Financing Cash Flow | 7,590 | -3,173 | -3,936 | -871 | -1,340 | -535 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 26 | -131 | -52 | 16 | 4 | -5 |
Miscellaneous Cash Flow Adjustments | 1 | - | -1 | - | - | - |
Net Cash Flow | 200 | 67 | 67 | 194 | -3 | -141 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,795 | 3,553 | 3,519 | 2,867 | 1,935 | 1,588 |
Free Cash Flow Growth | 14.24% | 0.97% | 22.74% | 48.16% | 21.85% | -37.85% |
Free Cash Flow Margin | 11.87% | 12.94% | 14.14% | 12.36% | 9.32% | 8.09% |
Free Cash Flow Per Share | 9.74 | 9.08 | 8.81 | 7.15 | 4.83 | 3.95 |
Levered Free Cash Flow | 3,035 | 2,598 | 2,838 | 2,443 | 1,576 | 3,705 |
Unlevered Free Cash Flow | 3,409 | 2,758 | 2,920 | 2,537 | 1,631 | 3,795 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 352 | 352 | 330 | 320 | 252 | 209 |
Cash Income Tax Paid | 909 | 909 | 752 | 727 | 393 | 753 |
Change in Working Capital | -455 | -718 | -219 | -149 | -688 | -309 |