Eaton Plc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Eaton Plc (ETN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Eaton Plc vs Its Competitors
- TTM: Trailing 12-month revenue of 30,025M vs 1,047,160M combined for tracked competitors (2.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+13.7% annualized vs trailing 12 months), vs accelerating (+5.6%) for its tracked peer group.
- Growth: Eaton Plc generated 21.4% revenue growth year over year in Q2 2026, vs 10.6% for its tracked competitors combined.
- Profitability: Its 9.7% net margin compares with 17.2% for the peer group.
- Scale: Eaton Plc ranks #4 of 143 companies by market capitalization in the Industrial Machinery and Components industry, holding 7.8% of industry market cap.
- Peer revenue share: Eaton Plc accounted for 3.0% of combined revenue among its tracked peer group, up from 2.7% a year earlier.
- Peer differentiation: Revenue per employee of $0.31M compares with $0.48M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ETN Sales vs. its Competitors, Q2 2026
Eaton Plc reported revenue growth of 21.39 % year on year in Q2 2026, above its competitors' combined revenue growth of 10.63 %.
With a net margin of 9.65 %, Eaton Plc reported lower profitability than its competitors (17.20 %).
Eaton Plc generated 2.99 % of the combined sales of its peer group, up from 2.74 % a year earlier.
Eaton Plc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Eaton Plc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Eaton Corporation Plc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (11) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Eaton Plc's competitor groups requires a Commercial License.
For context: the Industrial Machinery and Components industry grew revenue 12.4% year over year, combined, vs 21.4% for Eaton Plc. Eaton Plc's share of combined industry revenue moved from 5.69% to 6.14%, a gain of 0.45 percentage points.
Eaton Plc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Eaton Corporation Plc | Yes | Yes | Yes | Yes |
| Competitors combined (81) | ||||
| High-Confidence Competitors (12) | ||||
| Similar-Size Competitors (8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ETN Stock Performance relative to its Competitors
ETN Stock Performance relative to High-Confidence Competitors
ETN Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Viavi Solutions Inc | 282.9% | Outperformed |
| 2 | Sifco Industries Inc | 282.9% | Outperformed |
| 3 | Frequency Electronics Inc | 282.9% | Outperformed |
| 4 | Vishay Precision Group Inc | 282.9% | Outperformed |
| 5 | Babcock and Wilcox Enterprises Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Eaton Plc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Eaton Plc's Comment on Competition and Industry Peers
Publicly Traded Peers of Eaton Corporation Plc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Eaton Corporation Plc | 168,034.20 | 30,025.00 |
| General Electric Company | 333,197.28 | 50,638.00 |
| Rtx Corporation | 256,155.90 | 93,500.00 |
| Parker hannifin Corporation | 124,199.36 | 21,499.00 |
| Lockheed Martin Corporation | 119,732.91 | 77,014.00 |
| Vertiv Holdings Co | 95,845.98 | 11,479.60 |
| SUBTOTAL | 2,222,598.65 | 1,224,237.47 |
Sign in to see all competitors of Eaton Corporation Plc.
Sources: Eaton Corporation Plc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Eaton Corporation Plc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Eaton Plc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Littelfuse Inc | Named by the company | 85% |
| Pioneer Power Solutions Inc | Named by the company | 85% |
| CGRN | Named by the company | 85% |
| Enpro Inc | Named by the company | 85% |
| Forgent Power Solutions Inc | Named by the company | 85% |
| Beam Global | Named by the company | 85% |
| Moog Inc | Named by the company | 85% |
| Danfoss A/S | Named by the company | 85% |
| Capstone Green Energy Holdings Inc | Named by the company | 85% |
| Nn Inc | Named by the company | 85% |
| Woodward Inc | Named by the company | 85% |
| Atkore Inc | Named by the company | 85% |
| Vertiv Holdings Co | Named by the company | 85% |
| Parker hannifin Corporation | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Eaton Plc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Eaton Plc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Eaton Corporation Plc | Electrical Americas 46.31 % |
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Rtx Corporation | Pratt and Whitney 35.98 % |
| Parker hannifin Corporation | Diversified Industrial 66.93 % |
| Lockheed Martin Corporation | Aeronautics 40.43 % |
| Vertiv Holdings Co | Americas 63.48 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sign in to see all peers for Eaton Corporation Plc.
Eaton Plc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Eaton Corporation Plc | 168,034 | 308,572 | 39,403 |
| General Electric Company | 333,197 | 888,386 | 157,579 |
| Rtx Corporation | 256,156 | 519,444 | 45,139 |
| Parker hannifin Corporation | 124,199 | 359,215 | 60,969 |
| Lockheed Martin Corporation | 119,733 | 626,130 | 51,114 |
| Vertiv Holdings Co | 95,846 | 337,635 | 50,941 |
| PEERS TOTAL | 2,054,564 | 478,509 | 69,585 |
Sign in to see all peers for Eaton Corporation Plc.
Eaton Plc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Rtx Corporation | UNITED STATES 52.99 % |
| Parker hannifin Corporation | North America 67.21 % |
| Lockheed Martin Corporation | United States 70.72 % |
| Northrop Grumman Corp | United States 85.81 % |
| Cummins Inc | United States 56.10 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sign in to see all peers for Eaton Corporation Plc.
Eaton Plc's Position in Industry Market Structure
Market-capitalization share and concentration across all 128 companies in Eaton Plc's industry classification, broader than the peer set above. Market cap in millions of $.Eaton Plc ranks #4 of 128 companies by market capitalization in its industry, holding 7.80 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,565, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Asml Holding Nv | 688,901 | 31.96 % |
| 2 | Lam Research Corporation | 396,579 | 18.40 % |
| 3 | Deere and Co | 186,672 | 8.66 % |
| 4 | Eaton Corporation Plc | 168,034 | 7.80 % |
| 5 | Cae Inc | 1,234 | 5.2% |
| 6 | Bloom Energy Corporation | 1,234 | 5.2% |
| 7 | Illinois Tool Works Inc | 1,234 | 5.2% |
| 8 | Carrier Global Corporation | 1,234 | 5.2% |
| 9 | Ingersoll Rand Inc | 1,234 | 5.2% |
| 10 | Nvent Electric Plc | 1,234 | 5.2% |
Market cap and industry share for the rest of Eaton Plc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Eaton Plc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Asml Holding Nv | 688,901 | 85.22 % |
| 2 | Lam Research Corporation | 396,579 | 145.50 % |
| 3 | Deere and Co | 186,672 | 47.22 % |
| 4 | Eaton Corporation Plc | 168,034 | 20.91 % |
| 5 | Cae Inc | 1,234 | 12.3% |
| 6 | Bloom Energy Corporation | 1,234 | 12.3% |
| 7 | Illinois Tool Works Inc | 1,234 | 12.3% |
| 8 | Carrier Global Corporation | 1,234 | 12.3% |
| 9 | Ingersoll Rand Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Eaton Plc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Eaton Plc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Industrial Machinery and Components industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (166 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 35.90 % | 28.58 % (avg) | +7.3 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 20.00 % | 3.86 % (avg) | +16.1 pp |
| Capital Intensity (Capex / Revenue) | 3.38 % | 5.98 % (avg) | -2.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Eaton Plc's Valuation vs Competitive Position
Valuation multiples vs the Industrial Machinery and Components industry average (166 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 41.2x | 33.3x | +7.9x |
| EV / EBITDA | 28.7x | 19.5x | +9.2x |
| P/B | 8.0x | 4.0x | +4.0x |
| Return on Equity | 19.56 % | industry aggregate | 3.90 % |
| Return on Invested Capital | - | 1.28 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Eaton Plc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7.23 % | -1.16 % | -15.71 % | 11.86 % | 2.60 % | 10.88 % | 7.25 % | 10.33 % |
| Operating Margin | 11.08 % | 11.98 % | 9.58 % | 14.20 % | 13.91 % | 16.75 % | 18.10 % | 18.10 % |
| Return on Invested Capital | 5.60 % | 5.95 % | 4.34 % | 6.62 % | 6.76 % | 8.42 % | 9.37 % | 10.43 % |
| P/E | 14.6x | 17.8x | 33.9x | 31.5x | 25.9x | 29.1x | 37.1x | 32.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Eaton Plc's BCG Growth-Share Matrix
Relative market share (vs Eaton Plc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Eaton Plc falls in the Dog quadrant: relative market share of 0.24x vs its largest competitor, in an industry growing revenue 7.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Eaton Plc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,565 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 3.38 % vs industry average 5.98 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Eaton Plc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Eaton Plc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Eaton Plc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Eaton Plc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Eaton Plc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+13.7% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.24x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Eaton Plc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Eaton Corporation Plc | 0.05 | 1.25 | 0.79 |
| General Electric Company | - | 0.86 | 1.09 |
| Rtx Corporation | 0.12 | 1.03 | 0.70 |
| Parker hannifin Corporation | 0.08 | 1.16 | 0.65 |
| Lockheed Martin Corporation | 0.14 | 1.14 | 2.92 |
| Vertiv Holdings Co | 0.40 | 1.52 | 0.71 |
Sign in to see all peers for Eaton Corporation Plc.
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Eaton Plc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Eaton Corporation Plc | Q2 2026 | +21.4 % | -16.2 % |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Rtx Corporation | Q2 2026 | +14.5 % | +30.4 % |
| Parker hannifin Corporation | Q2 2026 | +9.8 % | +18.2 % |
| Lockheed Martin Corporation | Q2 2026 | +10.5 % | +436.8 % |
| Vertiv Holdings Co | Q2 2026 | +24.1 % | +53.5 % |
| PEERS TOTAL | +9.9 % | +65.6 % |
Sign in to see all peers for Eaton Corporation Plc.
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Eaton Plc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Eaton Corporation Plc | Q2 2026 | +28.1 % | +25.2 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Rtx Corporation | Q2 2026 | +50.7 % | +11.5 % |
| Parker hannifin Corporation | Q2 2026 | +6.8 % | +32.2 % |
| Lockheed Martin Corporation | Q2 2026 | +1.1 % | -9.4 % |
| Vertiv Holdings Co | Q2 2026 | +17.1 % | +280.2 % |
Sign in to see all peers for Eaton Corporation Plc.
Eaton Plc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Eaton Corporation Plc | 7.94% | 10.71% | 19.56% |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Rtx Corporation | 4.75% | 6.63% | 12.06% |
| Parker hannifin Corporation | 11.99% | 15.10% | 25.38% |
| Lockheed Martin Corporation | 10.40% | 14.74% | 86.24% |
| Vertiv Holdings Co | 13.24% | 18.16% | 42.11% |
Sign in to see all peers for Eaton Corporation Plc.
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Eaton Plc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Eaton Corporation Plc | 43.98 | 5.60 |
| General Electric Company | 37.57 | 6.58 |
| Rtx Corporation | 32.98 | 2.74 |
| Parker hannifin Corporation | 34.06 | 5.78 |
| Lockheed Martin Corporation | 19.13 | 1.55 |
| Vertiv Holdings Co | 55.21 | 8.35 |
| PEERS AVERAGE | 12.52 | 1.82 |
Sign in to see all peers for Eaton Corporation Plc.
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.