How Does Eaton Stock Stack Up Against Its Peers?
Eaton‘s stock saw solid returns over the past year, though trailing some key peers. But how does ETN truly measure up against diversified industrial peers navigating evolving power management and electrification markets, driven by megatrends like digitalization and AI-driven data centers? A closer look reveals strong LTM revenue growth and solid operating margins. However, a higher valuation and relatively lower FCF margins compared to many peers suggest potential limited upside amidst competitive pressures in a transforming energy landscape as of 3/4/2026.
- ETN’s 19.0% operating margin, trailing PH (21.0%), indicates potential for efficiency gains or a differing product mix strategy.
- ETN’s 8.2% revenue growth, outpacing peers, reflects robust demand in its electrification and data center segments.
- ETN’s 28.6% stock gain and 35.1 PE, underperforming peers’ returns, suggests cautious investor sentiment or valuation scrutiny.
Here’s how Eaton stacks up across size, valuation, and profitability versus key peers.
| ETN | EMR | PH | HUBB | CMI | HON | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 137.8 | 81.6 | 124.7 | 26.0 | 79.3 | 156.3 |
| Revenue ($ Bil) | 26.6 | 18.2 | 20.5 | 5.8 | 33.7 | 40.7 |
| PE Ratio | 35.1 | 35.3 | 35.2 | 29.1 | 27.9 | 25.5 |
| LTM Revenue Growth | 8.2% | 3.6% | 2.8% | 3.8% | -1.3% | 7.5% |
| LTM Operating Margin | 19.0% | 19.9% | 21.0% | 20.8% | 11.5% | 18.9% |
| LTM FCF Margin | 12.5% | 14.2% | 16.3% | 15.0% | 7.1% | 15.2% |
| 12M Market Return | 28.6% | 29.5% | 59.5% | 41.2% | 68.4% | 28.1% |
For more details on Eaton, read Buy or Sell ETN Stock. Below we compare ETN’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ETN | 8.2% | – | 7.3% | 11.8% | 5.7% |
| EMR | 3.6% | 3.0% | 15.3% | 9.9% | |
| PH | 2.8% | -0.4% | 4.5% | 20.2% | |
| HUBB | 3.8% | 3.8% | 4.8% | 8.6% | |
| CMI | -1.3% | -1.3% | 0.1% | 21.3% | |
| HON | 7.5% | – | 5.0% | 3.4% | 3.1% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ETN | 19.0% | – | 18.6% | 16.7% | 14.4% |
| EMR | 19.9% | 19.6% | 15.2% | 18.2% | |
| PH | 21.0% | 20.5% | 19.1% | 16.1% | |
| HUBB | 20.8% | 20.7% | 19.4% | 19.1% | |
| CMI | 11.5% | 11.5% | 9.9% | 3.8% | |
| HON | 18.9% | – | 19.9% | 19.3% | 18.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| ETN | 35.1 | – | 33.4 | 41.2 | 39.0 |
| EMR | 35.3 | 32.6 | 36.0 | 4.2 | |
| PH | 35.2 | 31.9 | 28.7 | 28.4 | |
| HUBB | 29.1 | 26.6 | 28.9 | 23.5 | |
| CMI | 27.9 | 24.8 | 12.2 | 46.2 | |
| HON | 25.5 | – | 22.3 | 26.5 | 28.6 |
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