Eaton
ETN · Electrical Components & Equipment
$366.11
0.8%Rockwell Automation
ROK · Electrical Components & Equipment
$426.11
0.5%The short version
- Eaton is the larger business, with $27.4B of revenue in fiscal 2025 against $8.3B for Rockwell Automation, about 3.3 times as much.
- Eaton grew revenue faster (10.3%, against 0.9%).
- Rockwell Automation turned more of its sales into free cash flow (16.3% FCF margin, against 12.9% FCF margin).
- Rockwell Automation earned a higher return on the capital invested in it (20.9%, against 15.8%).
- Investors pay more for each dollar of Rockwell Automation’s earnings: a P/E of 39.9x against 37.2x for Eaton.
| Latest fiscal year | ETN · FY25 | ROK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $142.6B | $47.6B |
| Revenue | $27.4B | $8.3B |
| Free cash flow | $3.6B | $1.4B |
| Net income | $4.1B | $869M |
| Growth | ||
| Revenue growth | 10.3% | 0.9% |
| 5-year growth | 9.0% | 5.7% |
| Share count change | −2.1% | −1.2% |
| Profitability | ||
| Gross margin | 37.6% | 48.1% |
| Operating margin | — | 20.4% |
| Net margin | 14.9% | 10.4% |
| FCF margin | 12.9% | 16.3% |
| Return on capital | 15.8% | 20.9% |
| Return on equity | 21.6% | 24.3% |
| Balance sheet | ||
| Net debt | $9.1B | $2.8B |
| Net debt / EBITDA | 1.5x | 1.4x |
| Dividends and buybacks | $3.5B | $1.0B |
| Valuation & quality | ||
| P/E | 37.2x | 39.9x |
| Piotroski F-score | 6 | 8 |
FY16
ETN $0.0M
ROK $5.9B
FY17
ETN $20.4B
ROK $6.3B
FY18
ETN $21.6B
ROK $6.7B
FY19
ETN $21.4B
ROK $6.7B
FY20
ETN $17.9B
ROK $6.3B
FY21
ETN $19.6B
ROK $7.0B
FY22
ETN $20.8B
ROK $7.8B
FY23
ETN $23.2B
ROK $9.1B
FY24
ETN $24.9B
ROK $8.3B
FY25
ETN $27.4B
ROK $8.3B
ETN
ROK
FY16
ETN —
ROK —
FY17
ETN 15.8%
ROK —
FY18
ETN 16.8%
ROK —
FY19
ETN 17.2%
ROK —
FY20
ETN —
ROK —
FY21
ETN —
ROK —
FY22
ETN —
ROK —
FY23
ETN —
ROK 21.3%
FY24
ETN —
ROK 19.3%
FY25
ETN —
ROK 20.4%
ETN
ROK
FY16
ETN $2.1B
ROK $830M
FY17
ETN $2.1B
ROK $892M
FY18
ETN $2.1B
ROK $1.2B
FY19
ETN $2.9B
ROK $1.0B
FY20
ETN $2.6B
ROK $1.0B
FY21
ETN $1.6B
ROK $1.1B
FY22
ETN $1.9B
ROK $682M
FY23
ETN $2.9B
ROK $1.2B
FY24
ETN $3.5B
ROK $639M
FY25
ETN $3.6B
ROK $1.4B
ETN
ROK
FY16
ETN 11.7%
ROK 50.1%
FY17
ETN 12.3%
ROK 50.7%
FY18
ETN 13.6%
ROK 31.5%
FY19
ETN 13.3%
ROK 37.8%
FY20
ETN 6.7%
ROK 52.6%
FY21
ETN 9.7%
ROK 33.0%
FY22
ETN 10.8%
ROK 16.6%
FY23
ETN 13.2%
ROK 25.6%
FY24
ETN 15.2%
ROK 22.0%
FY25
ETN 15.8%
ROK 20.9%
ETN
ROK
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