Filing Flows › Eaton (ETN) › Q4 2025
Eaton (ETN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Eaton (ETN) reported revenue of $7.1B for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +1% from the quarter before. Operating margin was 18.4%, net earnings $1.1B (16.0% of revenue).
Eaton, Q4 2025: revenue $7.1B (+13% year over year), operating margin 18.4%, net earnings $1.1B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +1% | +13% |
| Operating profit | $1.3B | +2% | +11% |
| Net earnings | $1.1B | +12% | +17% |
| Operating cash flow | $2.0B | +45% | +23% |
| Free cash flow | $1.6B | — | +17% |
What changed
Revenue was $7.1B in Q4 2025, up 13% year over year and up 1% from the previous quarter. Electrical Americas was the largest line at 50% of revenue.
Operating profit was $1.3B, a 18.4% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, below the 19% margin then. Total costs grew 14% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $1.1B, up 17% year over year. The effective tax rate was 12.4%.
Operating cash flow was $2.0B (up 23% year over year), 174% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization. Working capital and other items added $0.58B. After capital expenditures for property, plant and equipment ($0.39B), free cash flow as the company reports it was $1.6B.
Questions
What was Eaton's revenue in the fourth quarter 2025?
Eaton (ETN) reported revenue of $7.1B for the fourth quarter 2025 (Q4 2025), +13% from a year earlier and +1% from the quarter before.
Was Eaton profitable in the fourth quarter 2025?
Operating profit was $1.3B (18.4% of revenue) and net earnings $1.1B.
Source: Eaton 10-K on SEC EDGAR.