Eaton Cash Flow Statement
NYSE: ETNTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Eaton free cash flow
In fiscal 2025, Eaton generated $4.47 billion of operating cash flow and spent $919.0 million on capital expenditures. That left free cash flow of $3.55 billion, a free-cash-flow margin of 12.9% of revenue. Free cash flow was up 1.0% from the prior year's $3.52 billion.
Eaton returned $3.49 billion to shareholders: $1.63 billion in dividends and $1.86 billion in share repurchases, equal to 98% of free cash flow. Free cash flow covered dividend payments 2.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Eaton cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.09B | 3.80B | 3.22B | 2.46B | 2.15B | 1.42B | 2.21B | 2.15B | 2.99B | 1.92B |
| Net Income growth (YoY) | +7.69% | +17.84% | +30.75% | +14.86% | +51.66% | -36.06% | +3.12% | -28.13% | +55.60% | -2.79% |
| Depreciation & Amortization | 1.01B | 921.00M | 926.00M | 954.00M | 922.00M | 811.00M | 884.00M | 903.00M | 914.00M | 929.00M |
| Stock-Based Compensation | — | — | — | — | — | — | 9.00M | 11.00M | 11.00M | 14.00M |
| Change in Working Capital | -344.00M | -382.00M | -367.00M | -899.00M | -68.00M | 666.00M | 259.00M | -371.00M | -45.00M | -136.00M |
| Operating Cash Flow | 4.47B | 4.33B | 3.62B | 2.53B | 2.16B | 2.94B | 3.45B | 2.66B | 2.67B | 2.57B |
| Capital Expenditures | -919.00M | -808.00M | -757.00M | -598.00M | -575.00M | -389.00M | -587.00M | -565.00M | -520.00M | -497.00M |
| Investing Cash Flow | -1.10B | -271.00M | -2.58B | -1.20B | -1.76B | 397.00M | -1.87B | -398.00M | -217.00M | -529.00M |
| Dividends Paid | -1.63B | -1.50B | -1.38B | -1.30B | -1.22B | -1.18B | -1.20B | -1.15B | -1.07B | -1.04B |
| Share Repurchases | -1.86B | -2.49B | 0 | -286.00M | -122.00M | -1.61B | -1.03B | -1.27B | -850.00M | -730.00M |
| Debt Issued | 1.06B | 1.08B | 818.00M | 2.00B | 1.80B | 0 | 1.23B | 410.00M | 1.00B | 631.00M |
| Debt Repaid | -717.00M | -1.01B | -19.00M | -2.01B | -1.01B | -249.00M | -348.00M | -574.00M | -1.55B | -653.00M |
| Financing Cash Flow | -3.17B | -3.94B | -871.00M | -1.34B | -535.00M | -3.26B | -1.49B | -2.58B | -2.44B | -1.74B |
| Net Change in Cash | 67.00M | 67.00M | 194.00M | -3.00M | -141.00M | 68.00M | 87.00M | -278.00M | 18.00M | 275.00M |
| Free Cash Flow | 3.55B | 3.52B | 2.87B | 1.94B | 1.59B | 2.56B | 2.86B | 2.09B | 2.15B | 2.07B |
This table shows 10 annual periods of Eaton's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ETN's reporting calendar. What is a cash flow statement?