# Eaton (ETN) Forecast Calculator

Interactive five-year financial forecast and DCF for Eaton. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/eaton/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 21390000000 | 2864000000 | 3475000000 | 2211000000 |
| 2022 | 17858000000 | 2555000000 | 2557000000 | 1410000000 |
| 2023 | 19628000000 | 1588000000 | 3818000000 | 2144000000 |
| 2024 | 20752000000 | 1935000000 | 3865000000 | 2462000000 |
| 2025 | 23196000000 | 2867000000 | 4753000000 | 3218000000 |

## Frequently asked questions

### What does Eaton Corporation do?

Eaton Corporation plc is an intelligent power management company that manufactures engineered products for industrial, vehicle, commercial, and aerospace markets. The company is currently capitalizing on secular megatrends including electrification, energy transition, and digitalization.

### What are the primary revenue drivers for Eaton Corporation?

Eaton's revenue is heavily driven by demand in its Electrical Americas segment, particularly from US data center and utility customers, and its Electrical Global segment. The company also benefits from secular megatrends like electrification, energy transition, and digitalization across its businesses.

### What is Eaton's typical capital expenditure as a percentage of revenue?

Eaton's capital expenditure typically ranges from 3.0% to 4.0% of revenue, which translates to approximately $0.8 billion to $1.0 billion annually. This capex is currently skewed towards growth investments, specifically in new capacity for data center and utility products.

### How does Eaton Corporation's net working capital impact its cash flow?

Eaton's net working capital is positive and acts as a use of cash during periods of high growth. This is primarily due to the build-up of inventory to protect against supply chain shocks and an increase in receivables.

### What specific events does the Eaton financial model evaluate?

The financial model for Eaton Corporation evaluates its sum-of-the-parts valuation and consolidated earnings power. It specifically focuses on the impact of the planned Q1 2027 Mobility spin-off and the explosive growth in data center electrical demand.

### Can I download an Excel financial model for Eaton Corporation?

Yes, a downloadable Excel financial model is available for Eaton Corporation (ETN). This model provides a forecast horizon from FY2026 to FY2030 and is part of the general corporate model family.