PerpEquities

Equity · Industrials

Eaton Corporation (ETN) perpetual futures

ETN perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ETNUSDT.

Eaton Corp. Plc is a power management company providing energy-efficient solutions for electrical, hydraulic, and mechanical power across segments like Electrical, Aerospace, Vehicle, and eMobility.

$425.60+3.7%NYSE closed
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venue perp mark · BingX (ETN-USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$15.5KCoverage: 1/2 marketsExchange-reported volume: $1.2M
Open interest
$120.6K
Best liquidity
$785.2K
Bitget
Tightest spread
+45.4 bps
BingX
Highest volume
$15.5K
Bitget
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $2B
OI / float
0.00%
Float $164.9B
Spot performance
1D+3.74%
5D+8.08%
1M+2.28%
6M+19.05%
YTD+33.36%
1Y+12.28%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeETN-USDTTrading$424.88+5.5% APR
+0.00500% every 8h
+45.4 bps$341.2K$1.1M$3.8KUSDT-
BitgetTradeETN/USDTTrading$425.600.0% APR
0.000% every 8h
+48.2 bps$785.2K$15.5K$116.7KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 2 venues absorb $10k · Typical cost: +43.6 bps – +68.7 bps

Cheapest execution: Bitget · +31.1 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

ETN

Tightest spread

ETN

Highest volume

ETN

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$164.9B
Updated 3h ago
Revenue
$30B
Trailing 12 months
Revenue growth
+20%
Next fiscal year
Profit margin
+12.8%
P/E
43.1
Peer P/E 43.5
Free cash flow
$4.5B
Trailing 12 months
More metrics
Net income
$3.8B
Trailing 12 months
P/S
5.5
Peer P/E
43.5
Similar listed perps
Revenue estimate
$32.9B
Next fiscal year
Earnings
2026-11-03
Revenue est. $8.5B · Updated 3h ago
Dividend
$1.1
2026-08-07

Fundamental detail

Annual + quarterly
Latest revenue$27.4B
Net margin+14.9%
Free cash flow$3.6B
Net debt$10.5B
2020$17.9B
2021$19.6B
2022$20.8B
2023$23.2B
2024$24.9B
2025$27.4B
PeriodRevenueGrowthNet incomeFCF
2020$17.9B-17%$1.4B$2.6B
2021$19.6B+10%$2.1B$1.6B
2022$20.8B+6%$2.5B$1.9B
2023$23.2B+12%$3.2B$2.9B
2024$24.9B+7%$3.8B$3.5B
2025$27.4B+10%$4.1B$3.6B
PeriodGross marginOperating marginNet marginROEROA
2020+30.5%+13.0%+7.9%+9.4%+4.4%
2021+32.2%+14.6%+10.9%+13.1%+6.3%
2022+33.3%+15.6%+11.9%+14.5%+7.0%
2023+36.4%+17.2%+13.9%+16.9%+8.4%
2024+38.2%+19.6%+15.3%+20.5%+9.9%
2025+37.6%+19.1%+14.9%+21.1%+9.9%
PeriodCashDebtNet debtCurrent ratio
2020$438M$8.4B$7.9B1.56
2021$297M$8.9B$8.6B1.04
2022$294M$9.1B$8.8B1.38
2023$488M$9.8B$9.3B1.51
2024$555M$9.8B$9.3B1.50
2025$622M$11.2B$10.5B1.32
PeriodMarket capEnterprise valueP/SP/E
2020$48.3B$56.3B2.734.2
2021$68.9B$77.5B3.532.1
2022$62.6B$71.4B3.025.4
2023$96.1B$105.4B4.129.9
2024$132B$141.2B5.334.8
2025$123.6B$134.2B4.530.4
Q3 2024$6.3B
Q4 2024$6.2B
Q1 2025$6.4B
Q2 2025$7B
Q3 2025$7B
Q4 2025$7.1B
Q1 2026$7.5B
Q2 2026$8.5B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6.3B+8%$1B$1.1B
Q4 2024$6.2B+5%$971M$1.3B
Q1 2025$6.4B+7%$964M$91M
Q2 2025$7B+11%$982M$1.1B
Q3 2025$7B+10%$1B$1.2B
Q4 2025$7.1B+13%$1.1B$2.1B
Q1 2026$7.5B+17%$866M$314M
Q2 2026$8.5B+21%$821M$874M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+38.5%+19.8%+15.9%+5.3%+2.6%
Q4 2024+38.9%+20.9%+15.6%+5.3%+2.5%
Q1 2025+38.4%+19.3%+15.1%+5.2%+2.5%
Q2 2025+37.0%+17.9%+14.0%+5.3%+2.4%
Q3 2025+38.3%+19.6%+14.5%+5.3%+2.5%
Q4 2025+36.8%+19.5%+16.1%+5.8%+2.7%
Q1 2026+35.6%+15.7%+11.6%+4.4%+1.6%
Q2 2026+33.5%+16.3%+9.6%+4.1%+1.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$473M$10.1B$9.6B1.53
Q4 2024$555M$9.8B$9.3B1.50
Q1 2025$1.8B$10.7B$9B1.31
Q2 2025$398M$11.6B$11.2B1.24
Q3 2025$328M$11.2B$10.9B1.28
Q4 2025$622M$11.2B$10.5B1.32
Q1 2026$565M$21.8B$21.3B1.19
Q2 2026$483M$21.3B$20.8B1.24
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$131.6B$141.2B20.732.6
Q4 2024$130.8B$140.1B21.033.7
Q1 2025$106.6B$115.6B16.727.6
Q2 2025$139.7B$150.8B19.935.6
Q3 2025$145.5B$156.4B20.836.0
Q4 2025$123.6B$134.2B17.527.3
Q1 2026$138.8B$160.1B18.640.1
Q2 2026$165.5B$186.4B19.450.5

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$8.5BQ2 2026
$2.1B$4.3B$6.4B$8.5BQ3 2023: $5.9BQ4 2023: $6BQ1 2024: $5.9BQ2 2024: $6.4BQ3 2024: $6.3BQ4 2024: $6.2BQ1 2025: $6.4BQ2 2025: $7BQ3 2025: $7BQ4 2025: $7.1BQ1 2026: $7.5BQ2 2026: $8.5BQ3 2023Q2 2026
Net income$821MQ2 2026
$283.3M$566.5M$849.8M$1.1BQ3 2023: $891MQ4 2023: $945MQ1 2024: $821MQ2 2024: $993MQ3 2024: $1BQ4 2024: $971MQ1 2025: $964MQ2 2025: $982MQ3 2025: $1BQ4 2025: $1.1BQ1 2026: $866MQ2 2026: $821MQ3 2023Q2 2026
EBITDA$1.7BQ2 2026
$436M$872M$1.3B$1.7BQ3 2023: $1.4BQ4 2023: $1.4BQ1 2024: $1.3BQ2 2024: $1.4BQ3 2024: $1.5BQ4 2024: $1.4BQ1 2025: $1.5BQ2 2025: $1.5BQ3 2025: $1.6BQ4 2025: $1.6BQ1 2026: $1.5BQ2 2026: $1.7BQ3 2023Q2 2026
Free cash flow$874MQ2 2026
$535.8M$1.1B$1.6B$2.1BQ3 2023: $913MQ4 2023: $1.1BQ1 2024: $292MQ2 2024: $759MQ3 2024: $1.1BQ4 2024: $1.3BQ1 2025: $91MQ2 2025: $1.1BQ3 2025: $1.2BQ4 2025: $2.1BQ1 2026: $314MQ2 2026: $874MQ3 2023Q2 2026
EPS$2.11Q2 2026
$0.73$1.46$2.18$2.91Q3 2023: $2.22Q4 2023: $2.35Q1 2024: $2.04Q2 2024: $2.48Q3 2024: $2.53Q4 2024: $2.45Q1 2025: $2.45Q2 2025: $2.51Q3 2025: $2.59Q4 2025: $2.91Q1 2026: $2.22Q2 2026: $2.11Q3 2023Q2 2026
Cash / Debt$483MQ2 2026
$5.5B$10.9B$16.4B$21.8BQ3 2023 · Cash: $348MQ3 2023 · Debt: $9.6BQ4 2023 · Cash: $488MQ4 2023 · Debt: $9.8BQ1 2024 · Cash: $473MQ1 2024 · Debt: $9.8BQ2 2024 · Cash: $540MQ2 2024 · Debt: $10.5BQ3 2024 · Cash: $473MQ3 2024 · Debt: $10.1BQ4 2024 · Cash: $555MQ4 2024 · Debt: $9.8BQ1 2025 · Cash: $1.8BQ1 2025 · Debt: $10.7BQ2 2025 · Cash: $398MQ2 2025 · Debt: $11.6BQ3 2025 · Cash: $328MQ3 2025 · Debt: $11.2BQ4 2025 · Cash: $622MQ4 2025 · Debt: $11.2BQ1 2026 · Cash: $565MQ1 2026 · Debt: $21.8BQ2 2026 · Cash: $483MQ2 2026 · Debt: $21.3BQ3 2023Q2 2026
CashDebt
Profitability+33.5%Q2 2026
+9.7%+19.5%+29.2%+38.9%Q3 2023 · Gross margin: +37.3%Q4 2023 · Gross margin: +37.5%Q1 2024 · Gross margin: +37.3%Q2 2024 · Gross margin: +37.9%Q3 2024 · Gross margin: +38.5%Q4 2024 · Gross margin: +38.9%Q1 2025 · Gross margin: +38.4%Q2 2025 · Gross margin: +37.0%Q3 2025 · Gross margin: +38.3%Q4 2025 · Gross margin: +36.8%Q1 2026 · Gross margin: +35.6%Q2 2026 · Gross margin: +33.5%Q3 2023 · Operating margin: +18.5%Q4 2023 · Operating margin: +18.1%Q1 2024 · Operating margin: +18.2%Q2 2024 · Operating margin: +19.2%Q3 2024 · Operating margin: +19.8%Q4 2024 · Operating margin: +20.9%Q1 2025 · Operating margin: +19.3%Q2 2025 · Operating margin: +17.9%Q3 2025 · Operating margin: +19.6%Q4 2025 · Operating margin: +19.5%Q1 2026 · Operating margin: +15.7%Q2 2026 · Operating margin: +16.3%Q3 2023 · Net margin: +15.2%Q4 2023 · Net margin: +15.8%Q1 2024 · Net margin: +13.8%Q2 2024 · Net margin: +15.6%Q3 2024 · Net margin: +15.9%Q4 2024 · Net margin: +15.6%Q1 2025 · Net margin: +15.1%Q2 2025 · Net margin: +14.0%Q3 2025 · Net margin: +14.5%Q4 2025 · Net margin: +16.1%Q1 2026 · Net margin: +11.6%Q2 2026 · Net margin: +9.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+21.4%Q2 2026
+5.3%+10.7%+16.0%+21.4%Q3 2024: +7.9%Q4 2024: +4.6%Q1 2025: +7.3%Q2 2025: +10.7%Q3 2025: +10.1%Q4 2025: +13.1%Q1 2026: +16.8%Q2 2026: +21.4%Q3 2023Q2 2026
Shares outstanding389.5MQ2 2026
100.5M201M301.4M401.9MQ3 2023: 401.6MQ4 2023: 401.8MQ1 2024: 401.9MQ2 2024: 401MQ3 2024: 398.9MQ4 2024: 396MQ1 2025: 393.6MQ2 2025: 392.5MQ3 2025: 390.1MQ4 2025: 389.5MQ1 2026: 389.2MQ2 2026: 389.5MQ3 2023Q2 2026
Valuation50.5Q2 2026
12.625.237.950.5Q3 2023 · P/E: 23.9Q4 2023 · P/E: 25.4Q1 2024 · P/E: 38.1Q2 2024 · P/E: 31.4Q3 2024 · P/E: 32.6Q4 2024 · P/E: 33.7Q1 2025 · P/E: 27.6Q2 2025 · P/E: 35.6Q3 2025 · P/E: 36.0Q4 2025 · P/E: 27.3Q1 2026 · P/E: 40.1Q2 2026 · P/E: 50.5Q3 2023 · P/S: 14.5Q4 2023 · P/S: 16.1Q1 2024 · P/S: 21.0Q2 2024 · P/S: 19.6Q3 2024 · P/S: 20.7Q4 2024 · P/S: 21.0Q1 2025 · P/S: 16.7Q2 2025 · P/S: 19.9Q3 2025 · P/S: 20.8Q4 2025 · P/S: 17.5Q1 2026 · P/S: 18.6Q2 2026 · P/S: 19.4Q3 2023Q2 2026
P/EP/S
Revenue$27.4B2025
$6.9B$13.7B$20.6B$27.4B2018: $21.6B2019: $21.4B2020: $17.9B2021: $19.6B2022: $20.8B2023: $23.2B2024: $24.9B2025: $27.4B20182025
Net income$4.1B2025
$1B$2B$3.1B$4.1B2018: $2.1B2019: $2.2B2020: $1.4B2021: $2.1B2022: $2.5B2023: $3.2B2024: $3.8B2025: $4.1B20182025
EBITDA$5.9B2025
$1.5B$3B$4.5B$5.9B2018: $3.6B2019: $3.7B2020: $2.8B2021: $4B2022: $4B2023: $5B2024: $5.6B2025: $5.9B20182025
Free cash flow$3.6B2025
$888.3M$1.8B$2.7B$3.6B2018: $2.1B2019: $2.9B2020: $2.6B2021: $1.6B2022: $1.9B2023: $2.9B2024: $3.5B2025: $3.6B20182025
EPS$10.52025
$2.62$5.23$7.85$10.52018: $4.912019: $5.252020: $3.492021: $5.342022: $6.142023: $8.022024: $9.52025: $10.520182025
Cash / Debt$622M2025
$2.8B$5.6B$8.4B$11.2B2018 · Cash: $283M2018 · Debt: $7.5B2019 · Cash: $370M2019 · Debt: $8.7B2020 · Cash: $438M2020 · Debt: $8.4B2021 · Cash: $297M2021 · Debt: $8.9B2022 · Cash: $294M2022 · Debt: $9.1B2023 · Cash: $488M2023 · Debt: $9.8B2024 · Cash: $555M2024 · Debt: $9.8B2025 · Cash: $622M2025 · Debt: $11.2B20182025
CashDebt
Profitability+37.6%2025
+9.5%+19.1%+28.6%+38.2%2018 · Gross margin: +32.9%2019 · Gross margin: +33.0%2020 · Gross margin: +30.5%2021 · Gross margin: +32.2%2022 · Gross margin: +33.3%2023 · Gross margin: +36.4%2024 · Gross margin: +38.2%2025 · Gross margin: +37.6%2018 · Operating margin: +13.8%2019 · Operating margin: +14.3%2020 · Operating margin: +13.0%2021 · Operating margin: +14.6%2022 · Operating margin: +15.6%2023 · Operating margin: +17.2%2024 · Operating margin: +19.6%2025 · Operating margin: +19.1%2018 · Net margin: +9.9%2019 · Net margin: +10.3%2020 · Net margin: +7.9%2021 · Net margin: +10.9%2022 · Net margin: +11.9%2023 · Net margin: +13.9%2024 · Net margin: +15.3%2025 · Net margin: +14.9%20182025
Gross marginOperating marginNet margin
Revenue growth+10.3%2025
-9.4%-2.4%+4.7%+11.8%2019: -1.0%2020: -16.5%2021: +9.9%2022: +5.7%2023: +11.8%2024: +7.3%2025: +10.3%20182025
Shares outstanding389.5M2025
109.2M218.5M327.7M436.9M2018: 436.9M2019: 420.8M2020: 404M2021: 401.6M2022: 400.8M2023: 401.1M2024: 399.4M2025: 389.5M20182025
Valuation30.42025
8.717.426.134.82018 · P/E: 13.92019 · P/E: 17.92020 · P/E: 34.22021 · P/E: 32.12022 · P/E: 25.42023 · P/E: 29.92024 · P/E: 34.82025 · P/E: 30.42018 · P/S: 1.42019 · P/S: 1.92020 · P/S: 2.72021 · P/S: 3.52022 · P/S: 3.02023 · P/S: 4.12024 · P/S: 5.32025 · P/S: 4.520182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $8.5B · Updated 3h ago
Dividend
$1.1
2026-08-07

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202613.55$32.9B+20%16
FY 202716.09$36.4B+33%16
FY 202818.88$40B+46%9
FY 202922.58$44.3B+61%3
FY 203024.21$44B+60%3
Q1 20273.48$8.6B+16%8

Company events

6
2026-11-03EarningsActual - / Estimate 3.53-
2026-08-07Dividend$1.1-
2026-07-31EarningsActual 3.15 / Estimate 3.07Beat
2026-05-08Dividend$1.1-
2026-05-05EarningsActual 2.81 / Estimate 2.73Beat
2026-03-10Dividend$1.1-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering ETN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings112376
Analysts2133
Buy / hold / sell86 / 26 / 0242 / 127 / 7
Upgrades / downgrades / initiations4 / 1 / 410 / 4 / 12
Price targets hit / missed31 / 62 (33%)237 / 84 (74%)
Avg. return after a rating (TipRanks)-4.0%+17.8%
Best / worst call+20.4% / -23.3%+121.3% / -23.3%

After buy calls on this stock: median 21-day move +0.4% vs S&P 500 -0.2% (n = 235)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Chad DillardBernstein100% hit rate on this stock · 17 targets measuredBuytarget $534Sep 14, 2026
  2. Stephen TusaJ.P. Morgan100% hit rate on this stock · 13 targets measuredBuytarget $406Feb 4, 2026
  3. Brett LinzeyMizuho Securities100% hit rate on this stock · 10 targets measuredBuytarget $485Apr 27, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Andrew ObinBank of America SecuritiesBuyMaintained
Sep 14, 2026Chad DillardBernsteinBuyMaintained$534
Sep 14, 2026Andrew ObinBank of America SecuritiesBuyMaintained
Sep 14, 2026Chad DillardBernsteinBuyMaintained$534
Sep 8, 2026Amit MehrotraUBSBuyUpgraded$515
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$320$340$360$380$400$420$440$460$480Oct 25 · Buy 13 · Hold 4 · Sell 0Oct 25Nov 25 · Buy 14 · Hold 4 · Sell 0Dec 25 · Buy 15 · Hold 4 · Sell 0Dec 25Jan 26 · Buy 14 · Hold 5 · Sell 0Feb 26 · Buy 13 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 12 · Hold 3 · Sell 0Apr 26 · Buy 12 · Hold 3 · Sell 0Apr 26May 26 · Buy 15 · Hold 4 · Sell 0Jun 26 · Buy 14 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 13 · Hold 3 · Sell 0Aug 26 · Buy 14 · Hold 2 · Sell 0Aug 26Sep 26 · Buy 14 · Hold 2 · Sell 0Oct 25 · avg. target $409Nov 25 · avg. target $412Dec 25 · avg. target $408Jan 26 · avg. target $399Feb 26 · avg. target $406Mar 26 · avg. target $404Apr 26 · avg. target $416May 26 · avg. target $437Jun 26 · avg. target $443Jul 26 · avg. target $448Aug 26 · avg. target $481Sep 26 · avg. target $489Oct 25 · month-end close $382Nov 25 · month-end close $346Dec 25 · month-end close $319Jan 26 · month-end close $351Feb 26 · month-end close $376Mar 26 · month-end close $358Apr 26 · month-end close $433May 26 · month-end close $401Jun 26 · month-end close $426Jul 26 · month-end close $415Aug 26 · month-end close $402Sep 26 · month-end close $409

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 112 ratings

Frequently asked questions

Where can I trade ETN perpetual futures?

Eaton Corporation (ETN) perpetual futures trade on 2 crypto venues, including BingX, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade ETN around the clock?

Yes. Unlike the underlying stock, ETN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on ETN perpetuals?

Right now the ETN perp funding rate is +2.7% annualized (venue median), ranging from 0.0% to +5.5% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the ETN perp price compare to the Eaton Corporation stock?

The venue-median ETN perp mark is $425.2 versus a reference stock price of $425.6, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a ETN perpetual future?

A ETN perpetual is a derivative that tracks the price of Eaton Corporation with no expiry date. It lets you take long or short exposure to Eaton Corporation on crypto venues, around the clock.

What is ETNUSDT perpetual?

ETNUSDT is the symbol most crypto exchanges use for the Eaton Corporation perpetual settled in USDT (Tether). It tracks the ETN share price through an index, trades 24/7 with leverage and never expires.

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