Eaton Corporation (ETN) balance sheet
NYSE · Industrials · Electrical Equipment & Parts · 97,303 employees · CEO Paulo Ruiz Sternadt
- Price
- $369.97 -6.03%
- Market cap
- $144B
- Enterprise value
- $165B
- Last report
- Q2 '26 filed 2026-07-31
- Next report
- 2026-11-03 EPS est. $3.54
At the end of Q2 '26 Eaton Corporation (ETN) held $695M in cash and short-term investments against $21.3B of debt incl. leases. Total assets $56.2B, total liabilities $35.9B, shareholders' equity $20.3B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $348M | $488M | $473M | $540M | $473M | $555M | $1.78B | $398M | $328M | $622M | $565M | $483M | |
| Short-term investments | $1.56B | $2.12B | $1.97B | $2.24B | $1.52B | $1.53B | $162M | $186M | $237M | $181M | $186M | $212M | |
| Receivables | $4.46B | $4.48B | $4.67B | $4.86B | $4.89B | $4.62B | $5.09B | $5.49B | $5.56B | $5.39B | $6.37B | $6.67B | |
| Inventory | $3.71B | $3.74B | $3.87B | $3.96B | $4.18B | $4.23B | $4.39B | $4.58B | $4.61B | $4.72B | $5.15B | $5.42B | |
| Other current assets | $904M | $852M | $869M | $1.05B | $1.09B | $875M | $1.01B | $1.25B | $1.4B | $1.44B | $1.74B | $1.99B | |
| Current assets | $11B | $11.7B | $11.9B | $12.7B | $12.2B | $11.8B | $12.4B | $11.9B | $12.1B | $12.4B | $14B | $14.8B | |
| Property, plant & equipment (net) | $3.94B | $4.18B | $4.28B | $4.39B | $4.53B | $4.54B | $4.58B | $4.74B | $4.76B | $5.08B | $5.42B | $5.56B | |
| Goodwill | $14.8B | $15B | $14.9B | $14.8B | $15B | $14.7B | $14.9B | $15.8B | $15.8B | $15.8B | $21.4B | $20.2B | |
| Intangible assets | $5.16B | $5.09B | $4.98B | $4.88B | $4.81B | $4.66B | $4.59B | $5.23B | $5.14B | $5.05B | $11.3B | $12.6B | |
| Deferred tax assets | $349M | $458M | $481M | $499M | $549M | $609M | $609M | $621M | $568M | $707M | $585M | $592M | |
| Other non-current assets | $2.08B | $2.05B | $2.07B | $2.11B | $2.15B | $2.07B | $2.15B | $2.23B | $2.25B | $2.28B | $2.42B | $2.42B | |
| Non-current assets | $26.3B | $26.8B | $26.7B | $26.7B | $27.1B | $26.6B | $26.8B | $28.6B | $28.5B | $28.9B | $41.1B | $41.4B | |
| Total assets | $37.3B | $38.4B | $38.5B | $39.4B | $39.2B | $38.4B | $39.2B | $40.5B | $40.7B | $41.3B | $55.1B | $56.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $3.26B | $3.37B | $3.4B | $3.5B | $3.61B | $3.68B | $3.65B | $3.76B | $3.83B | $4.17B | $4.91B | $5.42B | |
| Accrued expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $630M | |
| Short-term debt | $999M | $1.03B | $995M | $1.28B | $717M | $674M | $2.47B | $2.25B | $1.9B | $1.14B | $2.59B | $2.1B | |
| Other current liabilities | $3.31B | $3.36B | $3.22B | $3.34B | $3.62B | $3.51B | $3.4B | $3.59B | $3.75B | $4.07B | $4.24B | $3.76B | |
| Current liabilities | $7.56B | $7.75B | $7.61B | $8.12B | $7.94B | $7.86B | $9.52B | $9.59B | $9.47B | $9.37B | $11.7B | $11.9B | |
| Long-term debt | $8.15B | $8.24B | $8.19B | $8.56B | $8.68B | $8.48B | $7.61B | $8.75B | $8.76B | $9.4B | $18.5B | $18.5B | |
| Lease obligations (non-current) | $486M | $533M | $601M | $656M | $681M | $669M | $669M | $587M | $568M | $637M | $704M | $715M | |
| Deferred tax liabilities | $460M | $402M | $419M | $429M | $387M | $275M | $267M | $280M | $289M | $265M | $1.61B | $2.14B | |
| Other non-current liabilities | $2.21B | $2.44B | $2.38B | $2.37B | $2.39B | $2.57B | $2.59B | $2.65B | $2.68B | $2.12B | $2.74B | $2.61B | |
| Non-current liabilities | $11.3B | $11.6B | $11.6B | $12B | $12.1B | $12B | $11.1B | $12.3B | $12.3B | $12.4B | $23.6B | $24B | |
| Total liabilities | $18.9B | $19.4B | $19.2B | $20.1B | $20.1B | $19.9B | $20.7B | $21.9B | $21.8B | $21.8B | $35.3B | $35.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Retained earnings | $9.7B | $10.3B | $10.6B | $10.6B | $10.4B | $10.1B | $10B | $9.92B | $10.2B | $10.7B | $11.1B | $11.5B | |
| Accumulated other comprehensive income | -$3.93B | -$3.91B | -$3.95B | -$4.07B | -$3.95B | -$4.34B | -$4.25B | -$4.1B | -$4.14B | -$4.12B | -$4.24B | -$4.15B | |
| Shareholders' equity | $18.4B | $19B | $19.3B | $19.2B | $19.1B | $18.5B | $18.5B | $18.6B | $18.9B | $19.4B | $19.8B | $20.3B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $9.64B | $9.8B | $9.79B | $10.5B | $10.1B | $9.82B | $10.7B | $11.6B | $11.2B | $11.2B | $21.8B | $21.3B | |
| Net debt (debt - cash) | $9.29B | $9.31B | $9.32B | $9.95B | $9.6B | $9.27B | $8.97B | $11.2B | $10.9B | $10.5B | $21.3B | $20.8B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $543M | $561M | $283M | $370M | $438M | $297M | $294M | $488M | $555M | $622M | |
| Short-term investments | $203M | $534M | $157M | $221M | $664M | $271M | $261M | $2.12B | $1.53B | $181M | |
| Receivables | $3.56B | $3.94B | $3.86B | $3.44B | $2.9B | $3.3B | $4.08B | $4.48B | $4.62B | $5.39B | |
| Inventory | $2.25B | $2.62B | $2.79B | $2.81B | $2.11B | $2.97B | $3.43B | $3.74B | $4.23B | $4.72B | |
| Other current assets | $0 | $0 | $0 | $1.38B | $2.49B | $0 | $685M | $852M | $875M | $1.44B | |
| Current assets | $6.94B | $8.31B | $7.59B | $8.73B | $9.18B | $7.51B | $8.76B | $11.7B | $11.8B | $12.4B | |
| Property, plant & equipment (net) | $3.44B | $3.5B | $3.47B | $3.93B | $3.39B | $3.51B | $3.72B | $4.18B | $4.54B | $5.08B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $872M | $0 | |
| Goodwill | $13.2B | $13.6B | $13.3B | $13.5B | $12.9B | $14.8B | $14.8B | $15B | $14.7B | $15.8B | |
| Intangible assets | $5.51B | $5.27B | $4.85B | $4.64B | $4.18B | $5.86B | $5.49B | $5.09B | $4.66B | $5.05B | |
| Deferred tax assets | $360M | $253M | $293M | $372M | $426M | $392M | $330M | $458M | $609M | $707M | |
| Other non-current assets | $960M | $1.7B | $1.57B | $1.68B | $1.75B | $2.01B | $1.94B | $2.05B | $1.19B | $2.28B | |
| Non-current assets | $23.5B | $24.3B | $23.5B | $24.1B | $22.6B | $26.5B | $26.3B | $26.8B | $26.6B | $28.9B | |
| Total assets | $30.4B | $32.6B | $31.1B | $32.8B | $31.8B | $34B | $35B | $38.4B | $38.4B | $41.3B | |
| Liabilities | |||||||||||
| Accounts payable | $1.72B | $2.17B | $2.13B | $2.11B | $1.99B | $2.8B | $3.07B | $3.37B | $3.68B | $4.17B | |
| Accrued expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $644M | |
| Short-term debt | $1.57B | $584M | $753M | $503M | $1.05B | $1.75B | $334M | $1.03B | $674M | $1.14B | |
| Other current liabilities | $2.2B | $2.33B | $2.27B | $2.52B | $2.85B | $2.67B | $2.95B | $3.36B | $3.51B | $3.42B | |
| Current liabilities | $5.49B | $5.08B | $5.15B | $5.13B | $5.88B | $7.21B | $6.36B | $7.75B | $7.86B | $9.37B | |
| Long-term debt | $6.71B | $7.17B | $6.77B | $7.82B | $7.01B | $6.83B | $8.32B | $8.24B | $8.48B | $9.4B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $331M | $326M | $337M | $459M | $533M | $669M | $637M | |
| Deferred tax liabilities | $321M | $538M | $349M | $396M | $277M | $559M | $530M | $402M | $275M | $265M | |
| Other non-current liabilities | $2.96B | $2.55B | $2.68B | $2.99B | $3.36B | $2.64B | $2.27B | $2.44B | $2.57B | $2.12B | |
| Non-current liabilities | $9.99B | $10.3B | $9.8B | $11.5B | $11B | $10.4B | $11.6B | $11.6B | $12B | $12.4B | |
| Total liabilities | $15.5B | $15.3B | $15B | $16.7B | $16.9B | $17.6B | $18B | $19.4B | $19.9B | $21.8B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $5M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Retained earnings | $7.5B | $8.67B | $8.16B | $8.17B | $6.79B | $7.59B | $8.47B | $10.3B | $10.1B | $10.7B | |
| Accumulated other comprehensive income | -$4.45B | -$3.41B | -$4.15B | -$4.29B | -$4.2B | -$3.63B | -$3.95B | -$3.91B | -$4.34B | -$4.12B | |
| Shareholders' equity | $14.9B | $17.3B | $16.1B | $16.1B | $14.9B | $16.4B | $17B | $19B | $18.5B | $19.4B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $8.28B | $7.75B | $7.52B | $8.65B | $8.38B | $8.92B | $9.11B | $9.8B | $9.82B | $11.2B | |
| Net debt (debt - cash) | $7.73B | $7.19B | $7.24B | $8.28B | $7.95B | $8.62B | $8.82B | $9.31B | $9.27B | $10.5B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01