Filing Flows › Eaton (ETN) › Q3 2025
Eaton (ETN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Eaton (ETN) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +10% from a year earlier and -0.6% from the quarter before. Operating margin was 18.2%, net earnings $1.0B (14.5% of revenue).
Eaton, Q3 2025: revenue $7.0B (+10% year over year), operating margin 18.2%, net earnings $1.0B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | -0.6% | +10% |
| Operating profit | $1.3B | +8% | +6% |
| Net earnings | $1.0B | +3% | -0.1% |
| Operating cash flow | $1.4B | +47% | +3% |
| Free cash flow | $1.2B | — | +4% |
What changed
Revenue was $7.0B in Q3 2025, up 10% year over year and down 1% from the previous quarter. Electrical Americas was the largest line at 49% of revenue. Electrical Americas added $0.45B year over year (up 15%), 70% of the total change. eMobility declined 19%.
Operating profit was $1.3B, a 18.2% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 19% margin then. Total costs grew 11% against revenue growth of 10%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $1.0B, roughly flat year over year. The effective tax rate was 20.7%.
Operating cash flow was $1.4B (up 3% year over year), 134% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization. Working capital and other items added $0.08B. After capital expenditures for property, plant and equipment ($0.18B), free cash flow as the company reports it was $1.2B.
Questions
What was Eaton's revenue in the third quarter 2025?
Eaton (ETN) reported revenue of $7.0B for the third quarter 2025 (Q3 2025), +10% from a year earlier and -0.6% from the quarter before.
Was Eaton profitable in the third quarter 2025?
Operating profit was $1.3B (18.2% of revenue) and net earnings $1.0B.
Source: Eaton 10-Q on SEC EDGAR.