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ETN

Eaton Corp (ETN) Reports $27.4B Revenue in 2025

Eaton reported 2025 revenue of $27.4 billion, up from the prior period as the company leaned on stronger demand in data centers, utilities, commercial aerospace and defense.

The company ended 2025 with about 97,000 employees worldwide, including 35,000 in Electrical Americas, 26,000 in Electrical Global, 14,000 in Aerospace, 12,000 in Mobility and 10,000 in corporate roles.

At year-end 2025, women represented 33.8% of Eaton’s global workforce, or 32,915 employees, up to 33.8% from the overall base of 97,303 employees. In the U.S., minorities accounted for 36.0% of the workforce, or 10,815 employees out of 30,002.

Leadership diversity was lower at the top: women held 10.5% of executive leadership roles, 26.3% of executive roles overall, and 33.3% of board seats. In the boardroom, 4 of 12 directors were women, while 5 of 9 U.S. board members were minorities.

Eaton said 22% of sales in Electrical Americas and Electrical Global came from six large customers in 2025. In Aerospace, 20% of sales came from three large aircraft OEMs. In Mobility, 37% of sales came from five large OEM customers.

The company’s 2024 total recordable case rate was 0.39, with a days-away case rate of 0.17. Eaton said it is targeting a TRCR of 0.25 by 2030.

Employee sentiment was stronger in its 2025 engagement survey: 86% of respondents said they had favorable engagement, meaning they were proud to work at Eaton, felt personal accomplishment from their work and would recommend the company as a place to work.

On the transaction front, Eaton acquired Fibrebond Corporation and Resilient Power Systems in 2025, closed the acquisition of Ultra PCS on January 23, 2026, and announced plans to buy Boyd Thermal. It also said on January 26, 2026 that it intends to spin off its mobility business into a separate publicly traded company. As a result of these announcements, the company's shares have moved -1.56% on the market, and are now trading at a price of $402.48. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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