Return on Assets (ROA)
since 2005
Calculation
Eaton Corp. plc, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Eaton ordinary shareholders1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 9.91% | = | 100 | × | 4,087) | ÷ | 41,251) |
| Dec 31, 2024 | 9.89% | = | 100 | × | 3,794) | ÷ | 38,381) |
| Dec 31, 2023 | 8.37% | = | 100 | × | 3,218) | ÷ | 38,432) |
| Dec 31, 2022 | 7.03% | = | 100 | × | 2,462) | ÷ | 35,014) |
| Dec 31, 2021 | 6.30% | = | 100 | × | 2,144) | ÷ | 34,027) |
| Dec 31, 2020 | 4.43% | = | 100 | × | 1,410) | ÷ | 31,824) |
| Dec 31, 2019 | 6.74% | = | 100 | × | 2,211) | ÷ | 32,805) |
| Dec 31, 2018 | 6.90% | = | 100 | × | 2,145) | ÷ | 31,092) |
| Dec 31, 2017 | 9.15% | = | 100 | × | 2,985) | ÷ | 32,623) |
| Dec 31, 2016 | 6.32% | = | 100 | × | 1,922) | ÷ | 30,419) |
| Dec 31, 2015 | 6.38% | = | 100 | × | 1,979) | ÷ | 31,031) |
| Dec 31, 2014 | 5.35% | = | 100 | × | 1,793) | ÷ | 33,529) |
| Dec 31, 2013 | 5.24% | = | 100 | × | 1,861) | ÷ | 35,491) |
| Dec 31, 2012 | 3.39% | = | 100 | × | 1,217) | ÷ | 35,848) |
| Dec 31, 2011 | 7.55% | = | 100 | × | 1,350) | ÷ | 17,873) |
| Dec 31, 2010 | 5.38% | = | 100 | × | 929) | ÷ | 17,252) |
| Dec 31, 2009 | 2.35% | = | 100 | × | 383) | ÷ | 16,282) |
| Dec 31, 2008 | 6.35% | = | 100 | × | 1,058) | ÷ | 16,655) |
| Dec 31, 2007 | 7.40% | = | 100 | × | 994) | ÷ | 13,430) |
| Dec 31, 2006 | 8.32% | = | 100 | × | 950) | ÷ | 11,417) |
| Dec 31, 2005 | 7.88% | = | 100 | × | 805) | ÷ | 10,218) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The Return on Assets (ROA) for the period examined demonstrates considerable fluctuation. Initially, the ROA exhibited a generally positive trend from 2005 to 2007, followed by a significant decline in 2008 and a substantial drop in 2009. Subsequent years show a recovery and then further volatility, culminating in a peak in 2017 before stabilizing at a higher level in recent years.
- Initial Trend (2005-2007)
- From 2005 to 2006, the ROA increased from 7.88% to 8.32%, indicating improved profitability relative to asset base. A slight decrease to 7.40% in 2007 suggests a moderation of this positive momentum.
- Decline and Recovery (2008-2011)
- The ROA experienced a marked decline in 2008, falling to 6.35%, and reached its lowest point in 2009 at 2.35%. This period likely reflects challenges impacting profitability or a significant increase in the asset base. A recovery commenced in 2010, with the ROA rising to 5.38%, and continued through 2011, reaching 7.55%.
- Volatility and Peak (2012-2017)
- The ROA exhibited volatility between 2012 and 2017. It decreased to 3.39% in 2012, then increased to 5.24% in 2013 and 5.35% in 2014. A steady increase followed, culminating in a peak of 9.15% in 2017. This suggests a period of effective asset utilization and strong profitability.
- Recent Performance (2018-2025)
- Following the peak in 2017, the ROA decreased to 6.90% in 2018 and 6.74% in 2019. A decline to 4.43% in 2020 was observed, potentially influenced by external economic factors. The ROA then recovered, reaching 6.30% in 2021 and 7.03% in 2022, before continuing its upward trajectory to 8.37% in 2023, 9.89% in 2024, and 9.91% in 2025. This recent performance indicates a sustained improvement in the efficiency with which assets are employed to generate profits.
Overall, the ROA demonstrates a cyclical pattern with periods of growth, decline, and recovery. The most recent trend indicates a strengthening of the company’s ability to generate earnings from its assets, reaching its highest levels in the observed period.
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Comparison to Competitors
Eaton Corp. plc, ROA, long-term trends, comparison to competitors
| Eaton Corp. plc | Boeing Co. | Caterpillar Inc. | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 9.91% | 1.33% | 9.01% | 6.69% | 6.42% | 8.38% | 3.94% |
| Dec 31, 2024 | 9.89% | -7.56% | 12.30% | 5.32% | 7.59% | 9.59% | 2.93% |
| Dec 31, 2023 | 8.37% | -1.62% | 11.81% | 5.81% | 9.20% | 13.19% | 1.97% |
| Dec 31, 2022 | 7.03% | -3.60% | 8.18% | 0.12% | 7.97% | 10.84% | 3.27% |
| Dec 31, 2021 | 6.30% | -3.03% | 7.84% | -3.28% | 8.60% | 12.41% | 2.39% |
| Dec 31, 2020 | 4.43% | -7.80% | 3.83% | 2.25% | 7.40% | 13.47% | -2.17% |
| Dec 31, 2019 | 6.74% | -0.48% | 7.77% | -1.87% | 10.47% | 13.11% | 3.96% |
| Dec 31, 2018 | 6.90% | 8.91% | 7.83% | -7.23% | 11.71% | 11.24% | 3.93% |
| Dec 31, 2017 | 9.15% | 8.88% | 0.98% | -1.53% | 2.79% | 4.30% | 4.70% |
| Dec 31, 2016 | 6.32% | 5.44% | -0.09% | 2.42% | 8.88% | 11.09% | 5.64% |
| Dec 31, 2015 | 6.38% | 5.48% | 2.68% | -1.24% | 9.67% | 7.34% | 8.70% |
| Dec 31, 2014 | 5.35% | 5.49% | 4.36% | 2.35% | 9.33% | 9.75% | 6.81% |
| Dec 31, 2013 | 5.24% | 4.95% | 4.46% | 1.99% | 8.64% | 8.24% | 6.31% |
| Dec 31, 2012 | 3.39% | 4.39% | 6.36% | 1.99% | 6.99% | 7.10% | 5.74% |
| Dec 31, 2011 | 7.55% | 5.02% | 6.05% | 1.97% | 5.19% | 7.00% | 8.10% |
| Dec 31, 2010 | 5.38% | 4.82% | 4.22% | 1.55% | 5.34% | 8.34% | 7.48% |
| Dec 31, 2009 | 2.35% | 2.11% | 1.49% | 1.41% | 5.98% | 8.61% | 6.87% |
| Dec 31, 2008 | 6.35% | 4.97% | 5.25% | 2.18% | 7.87% | 9.62% | 8.30% |
| Dec 31, 2007 | 7.40% | 6.91% | 6.31% | 2.79% | 7.23% | 10.49% | 7.74% |
| Dec 31, 2006 | 8.32% | 4.28% | 6.95% | 2.99% | 6.73% | 8.96% | 7.92% |
| Dec 31, 2005 | 7.88% | 4.28% | 6.06% | 2.43% | 5.12% | 6.58% | 6.68% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Eaton Corp. plc, ROA, long-term trends, comparison to sector (capital goods)
| Eaton Corp. plc | Capital Goods | |
|---|---|---|
| Dec 31, 2025 | 9.91% | 5.44% |
| Dec 31, 2024 | 9.89% | 3.59% |
| Dec 31, 2023 | 8.37% | 5.21% |
| Dec 31, 2022 | 7.03% | 2.84% |
| Dec 31, 2021 | 6.30% | 1.86% |
| Dec 31, 2020 | 4.43% | 0.80% |
| Dec 31, 2019 | 6.74% | 2.72% |
| Dec 31, 2018 | 6.90% | 1.74% |
| Dec 31, 2017 | 9.15% | 1.83% |
| Dec 31, 2016 | 6.32% | 4.09% |
| Dec 31, 2015 | 6.38% | 2.17% |
| Dec 31, 2014 | 5.35% | 3.87% |
| Dec 31, 2013 | 5.24% | 3.45% |
| Dec 31, 2012 | 3.39% | 3.30% |
| Dec 31, 2011 | 7.55% | 3.30% |
| Dec 31, 2010 | 5.38% | 2.70% |
| Dec 31, 2009 | 2.35% | 2.16% |
| Dec 31, 2008 | 6.35% | 3.33% |
| Dec 31, 2007 | 7.40% | 3.89% |
| Dec 31, 2006 | 8.32% | 3.91% |
| Dec 31, 2005 | 7.88% | 3.25% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Eaton Corp. plc, ROA, long-term trends, comparison to industry (industrials)
| Eaton Corp. plc | Industrials | |
|---|---|---|
| Dec 31, 2025 | 9.91% | 6.35% |
| Dec 31, 2024 | 9.89% | 5.24% |
| Dec 31, 2023 | 8.37% | 5.61% |
| Dec 31, 2022 | 7.03% | 3.31% |
| Dec 31, 2021 | 6.30% | 3.40% |
| Dec 31, 2020 | 4.43% | 0.04% |
| Dec 31, 2019 | 6.74% | 2.56% |
| Dec 31, 2018 | 6.90% | 3.16% |
| Dec 31, 2017 | 9.15% | 3.59% |
| Dec 31, 2016 | 6.32% | 4.55% |
| Dec 31, 2015 | 6.38% | 3.52% |
| Dec 31, 2014 | 5.35% | 4.31% |
| Dec 31, 2013 | 5.24% | 3.91% |
| Dec 31, 2012 | 3.39% | 3.38% |
| Dec 31, 2011 | 7.55% | 3.69% |
| Dec 31, 2010 | 5.38% | 3.03% |
| Dec 31, 2009 | 2.35% | 2.24% |
| Dec 31, 2008 | 6.35% | 3.10% |
| Dec 31, 2007 | 7.40% | 3.87% |
| Dec 31, 2006 | 8.32% | 6.41% |
| Dec 31, 2005 | 7.88% | 1.42% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).