Eaton vs Rockwell Automation
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KIRA’s take AI analyst
I put Eaton and Rockwell Automation side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
- 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.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Eaton
ETN
4/10
Revenue growth5-year growthNet marginShare count change
Rockwell Automation
ROK
6/10
Gross marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDA
Side by side
Best in the row
| 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 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.