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Eaton ETN

Eaton scores average on business quality (5.9 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$429.65Oct 9, 2026
Business qualityAverage
Next earningsNov 3, 2026, before the open
Insiders, 90 daysBuying

Why it matters

  1. What Eaton does

    Eaton builds electrical power management components and systems, selling hardware and software directly to utilities, data centers, and industrial manufacturers.

  2. What it does best

    Eaton dominates in electrical equipment manufacturing, driving a top-quartile revenue growth ranking at the 76th percentile of its sector. This edge relies on massive manufacturing scale and deep utility integration that take decades to replicate.

  3. The main risk

    With expansion driving heavy capital spending, Eaton faces capacity bottlenecks if grid hardware demand stalls or supply chains fracture, threatening its $3.9B free cash flow generation.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 17.5% while net margin hits 12.8%, both supporting a moderate profitability score. Margins are expanding alongside revenue scale as factory utilization improves.

MoatFair

Eaton relies on heavy switching costs and manufacturing scale to lock in industrial and utility customers, ranking in the 61st percentile for operating margin. Rival entrants face massive capital hurdles to match its global footprint.

GrowthSteady

Revenue growth hit 10.3% over the latest period, bringing total sales to $30.0B. Annual figures show consistent acceleration from $17.9B in 2020 as grid modernization and data center loads push demand higher.

Financial healthFair

Total debt sits at $9.9B against $803M in cash, resulting in net debt of $9.1B. Free cash flow reached $3.9B, marking a steady climb from prior years and making the balance sheet increasingly manageable.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $92K on the open market. 2 sold $8.5M outside pre-planned sales.

Our sealed record on ETN

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is ETN a good business?

Eaton scores average on the Cluenex quality check (5.9 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health fair.

Are insiders buying ETN?

In the last 90 days of SEC Form 4 filings: 1 insider bought $92K on the open market. 2 sold $8.5M outside pre-planned sales.

When does ETN report earnings?

Nov 3, 2026, before the open.

For members

See ETN today

  • Today's verdict on ETN, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Eaton (ETN)”, https://cluenex.com/stocks/etn/, data as of Oct 10, 2026.