Emerson Electric vs Eaton
Eaton reported revenue of $27.4 billion in fiscal 2025, 1.5 times Emerson Electric's $18.0 billion in fiscal 2025. Emerson Electric's revenue grew 3.0% in its latest year, and Eaton's grew 10.3%. Free cash flow was $2.7 billion at Emerson Electric and $3.6 billion at Eaton. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Emerson Electric | Eaton | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $18.0B | $27.4B |
| Revenue growth | 3.0% | 10.3% |
| Revenue growth a year, last 5 years | 1.4% | 9.0% |
| Gross margin | 52.8% | 37.6% |
| Operating margin | — | — |
| Net margin | 12.7% | 14.9% |
| Free cash flow | $2.7B | $3.6B |
| Free cash flow margin | 14.8% | 12.9% |
| Return on capital | 7.6% | 15.8% |
| Net debt to EBITDA | 2.5x | 1.5x |
| Dividends and buybacks | $2.4B | $3.5B |
| Change in diluted share count | −1.3% | −2.0% |
| Last close | $161.70 | $371.92 |
| P/E at the last close | 35.4× | 37.8× |
| Insider trades, last 12 months | sold $7.9 million | bought $588,771, sold $22.6 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Emerson ElectricEaton
Operating margin
Percent of revenue
Emerson ElectricEaton
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Emerson ElectricEaton
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Emerson Electric and Eaton pages.