Eaton Corporation (ETN)财务
NYSE · Industrials · Electrical Equipment & Parts · 员工97,303人 · CEO Paulo Ruiz Sternadt
- 股价
- $369.97 -6.03%
- 市值
- $1440亿
- 企业价值
- $1650亿
- 最近财报
- Q2 '26 2026-07-31提交
- 下次财报
- 2026-11-03 EPS预期 $3.54
营收(TTM)$300亿+15.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)17.7%-1.8 百分点 对比去年同期营业利润 $53.1亿
净利润(TTM)$38.3亿-2.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$45亿+24.3% 对比去年同期资本支出 $4.46亿
稀释EPS(TTM)$9.83-1.1% 对比去年同期最近4个季度之和
净现金-$206亿-87.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1440亿 EV $1650亿
- 营收
- $300亿 过去12个月
- 营收增速
- +20% FY2026年一致预期
- 净利润率
- 12.8% 净利润 / 营收,TTM
- P/E
- 37.5× 预期 27.2×(FY2026)
- P/S
- 4.8× 股价 / 营收,TTM
- EV / EBITDA
- 25.5× TTM
- 自由现金流
- $45亿 过去12个月
- 净利润
- $38.3亿 过去12个月
- 营收预期
- $330亿 FY2026年一致预期
- 盈利
- 2026-11-03 营收预期 $85.3亿
- 股息
- $4.34 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-31):营收超预期4.6%,EPS 超预期2.6%营收$85.3亿,预期$81.6亿(+4.6%);EPS $3.15,预期$3.07(+2.6%)。
- 营收增长加速:同比21.4%Q2 '26营收$85.3亿,此前四个季度的平均值为12.7%。
- 营业利润率17.7%(TTM),较去年同期-1.8 百分点营收增长15.5%,营业利润增长5.1%。
- 资本支出占营收的1.5%(去年为1.7%)最近4个季度投入$4.46亿(同比+1.8%)。自由现金流$45亿,相当于净利润的117.6%。
- 股东回报$3.89亿 = 自由现金流的8.6%回购-$12.8亿(去年为$30.6亿),股息$16.7亿,股权激励-$5000万(TTM)。
- 稀释股数一年内减少0.8%Q2 '26稀释股数3.9亿,一年前为3.93亿。
- 净债务 $206亿现金 + 短期投资 $6.95亿,含租赁债务 $213亿;一年前净债务 $110亿。
- Electrical Global Segment:营收+43.6%,利润率19.8%(此前为20.1%)Q2 '26增长最快的披露分部:营收$25.2亿,营业利润$4.99亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $85.3亿 | $70.3亿 | +21.4% |
| 毛利率 | 33.5% | 37.0% | -3.5 百分点 |
| 营业利润 | $13.9亿 | $12.6亿 | +10.8% |
| 营业利润率 | 16.3% | 17.9% | -1.6 百分点 |
| 净利润 | $8.21亿 | $9.82亿 | -16.4% |
| 稀释EPS | $2.11 | $2.51 | -15.9% |
| 经营现金流 | $11.3亿 | $9.18亿 | +22.8% |
| 资本支出 | $2.53亿 | -$1.47亿 | +272.1% |
| 自由现金流 | $8.74亿 | $10.7亿 | -17.9% |
| R&D | $2.27亿 | $1.92亿 | +18.2% |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-07-31| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $85.3亿 | $81.6亿 | +4.6% |
| EPS(一致预期口径) | $3.15 | $3.07 | +2.6% |
来自2026-07-31发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Electrical Americas Segment | $39.5亿 | +17.9% | 46.3% | $145亿 | +18.3% | |
| Electrical Global Segment | $25.2亿 | +43.6% | 29.5% | $79.1亿 | +21.7% | |
| Aerospace | $12.2亿 | +13.1% | 14.3% | $45.5亿 | +14.4% | |
| Mobility Segment | $8.41亿 | – | 9.9% | – | – | |
| Vehicle | – | – | – | – | – | |
| eMobility Segment | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Electrical Americas Segment | $39.5亿 | +17.9% | $10.9亿 | +10.2% | 27.5% | 29.5% | $40.9亿 |
| Electrical Global Segment | $25.2亿 | +43.6% | $4.99亿 | +41.4% | 19.8% | 20.1% | $15.4亿 |
| Aerospace Segment | $12.2亿 | +13.1% | $2.78亿 | +15.8% | 22.7% | 22.2% | $11.3亿 |
| Mobility Segment | $8.41亿 | -0.5% | $1.09亿 | +6.9% | 13.0% | 12.1% | – |
| Vehicle Segment | – | – | – | – | – | 17.0% | – |
| E Mobility Segment | – | – | – | – | – | -5.5% | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $49.5亿
- 资本支出
- -$4.46亿
- 股票回购
- $12.8亿
- 股息
- -$16.7亿
- 收购
- -$111亿
- 债务净发行
- $93.6亿
- 股权激励费用
- -$5000万
- 自由现金流
- $45亿
- 股东回报 / FCF
- 8.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 37.5× | 30.5× | 25.4× – 34.8× |
| EV / EBITDA | 25.5× | 21.1× | 18.1× – 25.1× |
| EV / 营收 | 5.5× | 4.5× | 3.4× – 5.7× |
| 股价 / FCF | 31.9× | 36.3× | 32.3× – 43.4× |
| 股价 / 净资产 | 7.1× | 5.3× | 3.7× – 7.1× |
| FCF收益率 | 3.1% | 2.8% | 2.3% – 3.1% |
| 投入资本回报率 | 9.1% | 10.7% | 7.4% – 13.1% |
| 净资产收益率 | 19.6% | 17.2% | 13.1% – 21.1% |
分析师
一致目标价 $502.38 (+35.8%)
区间 $480.00 – $520.00 · 评级 Buy
强烈买入0
买入28
持有12
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $330亿 | +20.2% | $13.60 | +30.0% | 27.2× | 16 |
| FY2027 | $368亿 | +11.4% | $16.28 | +19.7% | 22.7× | 15 |
| FY2028 | $404亿 | +9.9% | $19.04 | +17.0% | 19.4× | 7 |
| FY2029 | $442亿 | +9.5% | $22.37 | +17.5% | 16.5× | 2 |
| FY2030 | $471亿 | +6.4% | $24.06 | +7.5% | 15.4× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Eaton Corporation plc在近期10-Q / 10-K文件中标记的全部253项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $54.2亿 | $37.6亿 | +44.1% | $41.7亿 | $36.8亿 | +13.3% |
| Accounts Receivable, Allowance for Credit Loss | $6000万 | $5600万 | +7.1% | $5700万 | $5500万 | +3.6% |
| Accrual for Environmental Loss Contingencies | $6900万2025-12-31 | $7000万 | -1.4% | $6900万 | $7000万 | -1.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $58.3亿 | $56亿 | +4.3% | $57.1亿 | $53.3亿 | +7.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$41.5亿 | -$41亿 | -1.2% | -$41.2亿 | -$43.4亿 | +5.2% |
| Additional Paid in Capital, Common Stock | $129亿 | $128亿 | +0.7% | $128亿 | $127亿 | +0.8% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | – | – | – | 10万2022-12-31 | – | – |
| Assets | $562亿 | $405亿 | +38.7% | $413亿 | $384亿 | +7.5% |
| Assets, Current | $148亿 | $119亿 | +24.2% | $124亿 | $118亿 | +4.7% |
| Business Combination, Contingent Consideration, Liability | $3200万 | – | – | $3100万 | $600万 | +416.7% |
| Cash | $4.83亿 | $3.98亿 | +21.4% | $6.22亿 | $5.55亿 | +12.1% |
| Cash and Cash Equivalents, at Carrying Value | $4.83亿 | $3.98亿 | +21.4% | $6.22亿 | $5.55亿 | +12.1% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$300万2025-09-30 | $200万 | -250.0% | $300万2024-12-31 | $900万 | -66.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.83亿 | $3.98亿 | +21.4% | $6.22亿 | $5.55亿 | +12.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$8100万 | -$13.8亿 | +94.1% | $6700万 | $6700万 | 0.0% |
| Common Stock, Dividends, Per Share, Declared | $1.10 | $1.04 | +5.8% | $4.16 | $3.76 | +10.6% |
| Common Stock, Par or Stated Value Per Share | $0.012025-12-31 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 7.5亿2025-12-31 | 7.5亿 | 0.0% | 7.5亿 | 7.5亿 | 0.0% |
| Common Stock, Shares, Issued | 3.88亿2025-12-31 | 3.93亿 | -1.3% | 3.88亿 | 3.93亿 | -1.3% |
| Common Stock, Shares, Outstanding | 3.88亿 | 3.89亿 | -0.2% | 3.88亿 | 3.93亿 | -1.3% |
| Common Stock, Value, Outstanding | $400万 | $400万 | 0.0% | $400万 | $400万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $9.11亿 | $11.4亿 | -19.9% | $43.1亿 | $33.6亿 | +28.4% |
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net | $100万 | -$100万 | +200.0% | $800万2024-12-31 | -$100万 | +900.0% |
| Contract with Customer, Liability | $11.6亿 | $7.46亿 | +55.4% | $9.23亿 | $6.18亿 | +49.4% |
| Contract with Customer, Liability, Current | $11.3亿 | $7.25亿 | +56.3% | $8.99亿 | $6.02亿 | +49.3% |
| Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination | $0 | – | – | $7300万 | – | – |
| Contract with Customer, Liability, Revenue Recognized | -$10.9亿 | -$10.5亿 | -3.4% | -$38.5亿 | -$27.1亿 | -42.1% |
| Cost of Revenue | $56.8亿 | $44.3亿 | +28.1% | $171亿 | $154亿 | +11.4% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $7.11亿 | $7.94亿 | -10.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $7.96亿 | $9.22亿 | -13.7% |
| Debt Instrument, Fair Value Disclosure | $180亿 | $95.2亿 | +89.3% | $95.9亿 | $86.5亿 | +10.8% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1300万2025-12-31 | $700万 | +85.7% | $1300万 | $700万 | +85.7% |
| Debt Issuance Costs, Net | $4700万2025-12-31 | $4500万 | +4.4% | $4700万 | $4500万 | +4.4% |
| Deferred Compensation Equity | $0 | $0 | – | $0 | $100万 | -100.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $4800万 | -$1.38亿 | +134.8% |
| Deferred Income Tax Assets, Net | $5.92亿 | $6.21亿 | -4.7% | $7.07亿 | $6.09亿 | +16.1% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $4500万 | -$1.54亿 | +129.2% |
| Deferred Income Tax Liabilities, Net | $21.4亿 | $2.8亿 | +663.9% | $2.65亿 | $2.75亿 | -3.6% |
| Deferred Tax Liabilities, Undistributed Foreign Earnings | $02025-12-31 | $0 | – | $0 | $0 | – |
| Defined Benefit Plan, Plan Assets, Amount | $41.9亿2025-12-31 | $39.9亿 | +5.0% | $41.9亿 | $39.9亿 | +5.0% |
| Defined Benefit Plan, Plan Assets, Period Increase (Decrease) | – | – | – | -$6700万 | -$8500万 | +21.2% |
| Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 4.0%2025-12-31 | 3.0% | +33.3% | 4.0% | 3.0% | +33.3% |
| Depreciation | $1.34亿 | $1.21亿 | +10.7% | $4.77亿 | $4.46亿 | +7.0% |
| Depreciation, Depletion and Amortization | $3.99亿 | $2.61亿 | +52.9% | $10.1亿 | $9.21亿 | +9.2% |
| Derivative Asset | $1700万 | – | – | $2600万 | $2800万 | -7.1% |
| Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | $02025-09-30 | -$300万 | +100.0% | -$1400万2024-12-31 | $5700万 | -124.6% |
| Derivative Liability | $5100万 | – | – | $6400万 | $4400万 | +45.5% |
| Derivative, Fair Value, Net | -$4100万2025-09-30 | -$1400万 | -192.9% | -$1600万2024-12-31 | $1100万 | -245.5% |
| Dividends, Common Stock, Cash | $4.28亿 | $4.07亿 | +5.2% | $16.3亿 | $15亿 | +8.4% |
| Earnings Per Share, Basic | $2.11 | $2.52 | -16.3% | $10.48 | $9.54 | +9.9% |
| Earnings Per Share, Diluted | $2.11 | $2.51 | -15.9% | $10.45 | $9.50 | +10.0% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | -$100万 | -$1.19亿 | +99.2% | -$1.31亿 | -$5200万 | -151.9% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $12.3亿 | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 25.0% | 25.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Percent | 28.1% | 17.2% | +63.4% | 17.1% | 16.8% | +1.8% |
| Effective Income Tax Rate Reconciliation, Tax Contingency, Amount | – | – | – | -$1.23亿 | – | – |
| Effective Income Tax Rate Reconciliation, Tax Contingency, Percent | – | – | – | -2.5% | – | – |
| Employee-related Liabilities, Current | $6.3亿 | $5.29亿 | +19.1% | $6.44亿 | $6.7亿 | -3.9% |
| Equity Method Investments | $9.03亿2025-12-31 | $8.72亿 | +3.6% | $9.03亿 | $8.72亿 | +3.6% |
| Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | $1.58亿2025-12-31 | $1.28亿 | +23.4% | $1.58亿 | $1.28亿 | +23.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-01