Eaton
Financial Performance
Eaton Revenue & Financials
Revenue
$24.9B (FY2024)
Market Cap
$138B
Employees
94,000
What is Eaton's revenue?
Eaton had $24.9B in revenue for fiscal year 2024, up 7.3% from 2023.
- Latest revenue
- $24.9B (FY2024)
- Year-over-year
- +7.3%
- Growth rate (CAGR)
- 8.2% over 3 years
- Peak revenue
- $24.9B (FY2024)
- Years of data
- 4
- Employees
- 94,000
- How many employees does Eaton have?
- Eaton has about 94,000 employees.
Financial Analysis
Eaton delivers outstanding financial performance characterized by double-digit organic revenue growth, record segment operating margins, and outstanding free cash flow generation. In fiscal 2024, Eaton generated net sales of $24.89 billion, up 8% organically, driven by surging datacenter and utility grid infrastructure demand. Segment operating margin reached an all-time record of 23.7%, reflecting significant operating leverage and disciplined pricing realization. Operating cash flow surpassed $4.1 billion, and free cash flow reached $3.35 billion, enabling continuous reinvestment in manufacturing capacity. Eaton maintains an investment-grade balance sheet with a net debt-to-EBITDA ratio of 1.4x, supporting an unbroken 100-year history of dividend payments and progressive annual dividend increases.
Revenue Trend Analysis
YoY Change
+7.3%
3-Year CAGR
+8.2%
Peak Year
2024
Trend
Consistent Growth
Eaton has 4 full fiscal year figures on this page, compounding at +8.2% annually over 3 years. The most recent year saw a 7.3% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $24.9B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $24.9B | +7.3% |
| FY2023 | $23.2B | +11.8% |
| FY2022 | $20.8B | +5.7% |
| FY2021 | $19.6B | — |
Click any row to see year details.
Keep researching Eaton
Eaton Revenue and Financial FAQ
What was Eaton's revenue in 2024?
Eaton achieved $24.89 billion in revenue for fiscal year 2024.
Is Eaton profitable?
Eaton's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Eaton growing?
Eaton has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Eaton fund its capital expenditures?
Eaton funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Eaton's debt profile?
Eaton maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Eaton reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Eaton Revenue & Financials." CorpDigest, https://corpdigest.com/company/eaton/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Eaton reported $24.9B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/eaton/financials" target="_blank" rel="noopener">CorpDigest — Eaton financials</a></div>Explore Eaton
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