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Eaton Corp plcETN)の決算・業績分析

Eaton Corp plcの2025年有価証券報告書をAI分析。売上高$27.4B(+10.3%)。Other

目次
SUMMARY — 業績サマリー

Eaton Corp plc2025年度 業績サマリー

Eaton Corp plc(証券コード: ETN)の2025年度決算・業績分析。売上高は$27.4B(前年比+10.3%)。純利益は$4.1B(前年比+7.7%)。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。

Eaton Corp plc2024年度 注目ポイント

※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。

  1. Eaton Corp plc achieved $20.8B in FY2024 revenue (+5.7% YoY) and $2.5B net income (+14.8% YoY), reflecting strong profitability with 11.9% net margin (XBRL).
  2. Operating cash flow of $2.5B matched net income, while free cash flow reached $1.9B after $598M in CapEx (XBRL).
  3. The company returned $1.6B to shareholders via dividends ($1.3B) and share repurchases ($286M) (XBRL).
  4. Net debt stood at $8.8B (2.2x EBITDA), with long-term debt at $9.3B (XBRL).

Eaton Corp plcの売上高変化の要因

  • FY2024 revenue grew to $20.8B (+5.7% YoY), though segment-specific revenue drivers are not disclosed (XBRL). Historical data shows revenue fluctuated between $17.9B (FY2022) and $23.2B (FY2025 guidance). No segment-level revenue breakdown is available in the provided data (XBRL).

Eaton Corp plcの営業利益変化の要因

  • Operating income reached $3.0B (14.4% margin), with EBITDA at $3.9B (19.0% margin) (XBRL). Net income grew to $2.5B (+14.8% YoY), reflecting 11.9% net margin. Gross profit data is not available (XBRL). No YoY cost of sales changes are specified.

Eaton Corp plcの事業リスクと対応

Cybersecurity risks could disrupt operations or lead to fines (10-K).

Climate change may increase costs and disrupt supply chains (10-K).

Operational disruptions from natural disasters, strikes, or geopolitical events pose risks (10-K).

Inflation and rising raw material costs may not be fully offset by pricing (10-K).

Regulatory compliance (e.g., GDPR) imposes strict requirements and potential fines (10-K).

Insufficient innovation could impact competitiveness amid evolving climate and regulatory demands (10-K).

Eaton Corp plcの今後の見通し・業績予想

Management provided FY2025 revenue guidance of $23.2B (10-K). No additional forward-looking details are specified.

Eaton Corp plcの事業内容

Eaton Corp plc is an intelligent power management company operating in data centers, utility, industrial, commercial, aerospace, and mobility markets (10-K). It generates revenue through electrical systems, components, and services. Key segments include Electrical Americas/Global, Aerospace, Vehicle, and eMobility, each emphasizing performance, technology, and customer service (10-K). The company faces significant customer concentration, with 26-28% of sales in some segments tied to a few large OEMs (10-K). Competitive advantages include R&D investment ($665M in FY2024) and supply chain resiliency (10-K).

Eaton Corp plcのAI業績分析レポート(2024年度)

Eaton Corp plc (ETN) FY2024 Annual Report Analysis

Highlights

Revenue: $20.8B (+5.7% YoY) (XBRL)
Net Income: $2.5B (+14.8% YoY) (XBRL)
Operating Margin: 14.4% (XBRL)
Net Margin: 11.9% (XBRL)
Shareholder Returns: $1.6B (dividends + buybacks) (XBRL)

Business Overview

Eaton Corp plc operates as an intelligent power management company, serving data centers, utility, industrial, commercial, aerospace, and mobility markets (10-K). Key segments include Electrical Americas/Global, Aerospace, Vehicle, and eMobility, with a focus on performance, technology, and customer service (10-K). The company faces significant customer concentration, with 26-28% of sales in some segments tied to a few large OEMs (10-K). Competitive advantages include R&D investment ($665M in FY2024) and supply chain resiliency (10-K).

Revenue Analysis

FY2024 revenue grew to $20.8B (+5.7% YoY), though segment-specific drivers are not disclosed (XBRL). Historical data shows revenue fluctuated between $17.9B (FY2022) and $23.2B (FY2025 guidance). No segment-level revenue breakdown is available in the provided data (XBRL).

Profitability Analysis

Operating income reached $3.0B (14.4% margin), with EBITDA at $3.9B (19.0% margin) (XBRL). Net income grew to $2.5B (+14.8% YoY), reflecting 11.9% net margin. Gross profit data is not available (XBRL). No YoY cost of sales changes are specified.

Balance Sheet Analysis

Total assets increased to $35.0B in FY2024, with equity at $19.0B (54.4% equity ratio) (XBRL). Long-term debt was $9.3B, resulting in net debt of $8.8B (2.2x EBITDA). Cash reserves stood at $488M (XBRL).

Cash Flow Analysis

Operating cash flow was $2.5B, matching net income. Free cash flow totaled $1.9B after $598M in CapEx (XBRL). Investing activities consumed $1.2B, while financing activities used $1.3B, primarily for dividends ($1.3B) and share repurchases ($286M) (XBRL).

Working Capital Analysis

N/A

Risks

1.Cybersecurity: Threats to IT/OT systems could disrupt operations or lead to fines (10-K).
2.Climate Change: Extreme weather and regulatory shifts may increase costs and disrupt supply chains (10-K).
3.Operational Disruptions: Risks from natural disasters, strikes, or geopolitical events (10-K).
4.Inflation: Rising input costs may not be fully offset by pricing (10-K).
5.Regulatory Compliance: Data privacy laws (e.g., GDPR) impose strict requirements and potential fines (10-K).
6.Competitive Position: Insufficient innovation could impact competitiveness amid evolving climate and regulatory demands (10-K).

Outlook

Management provided FY2025 revenue guidance of $23.2B (10-K). No additional forward-looking details are specified.

Historical Time Series

MetricFY2020FY2021FY2022FY2023FY2024FY2025
Revenue21.6B21.4B17.9B19.6B20.8B23.2B
Operating IncomeN/AN/AN/AN/A3.0BN/A
Net Income2.1B2.2B1.4B2.1B2.5B3.2B
Total Assets31.1B32.8B31.8B34.0B35.0B38.4B
Total Equity16.1B14.9B16.4B17.0B19.0B18.5B
Operating Cash Flow2.7B3.5B2.9B2.2B2.5B3.6B

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