ETN Eaton Corporation, PLC Ordinary Shares

NYSE · Electrical Equipment · View on SEC EDGAR ↗
$418.24
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026

About Eaton Corporation, PLC Ordinary Shares Company overview from Wikipedia

Eaton Corporation plc is an American multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.

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Eaton Corporation plc is an American multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.

History

In 1911, Joseph O. Eaton, brother-in-law Henning O. Taube and Viggo V. Torbensen, incorporated the Torbensen Gear and Axle Co. in Bloomfield, New Jersey. With financial backing from Torbensen's mother, the company was set to manufacture Torbensen's patented internal-gear truck axle. In 1914, the company moved to Cleveland, Ohio, to be closer to its core business, the automotive industry.

The Torbensen Axle Company incorporated in Ohio in 1916, succeeding the New Jersey corporation. A year later, Republic Motor Truck Company, Torbensen's largest customer bought out the company. But Eaton and Torbensen were not content and bowed out of Republic to form the Eaton Axle Company in 1919. A year later, in 1920, Eaton Axle Company merged with Standard Parts. Standard Parts went in receivership later the same year and was later liquidated. In 1923, Eaton bought the Torbensen Axle Co. back from Republic and changed the name to the Eaton Axle and Spring Company.

Eaton officers believed the quickest way to grow the business was through acquisitions and began buying companies in the automotive industry. By 1932, the diversified company changed its name to Eaton Manufacturing Company. In 1937, Eaton became international by opening a manufacturing plant in Canada. In 1958 Eaton Corporation acquired Fuller Manufacturing. The company name changed once again in 1965 to Eaton Yale & Towne Inc. after the acquisition of Yale & Towne Manufacturing Co. in 1963. Stockholders approved the change to the company's current name in 1971. In 1978, Eaton Corporation acquired Samuel Moore & Company, Kenway Systems, and Cutler-Hammer.

Current work

Eaton's businesses are divided into the following sectors:

Electrical

The electrical sector's products include circuit breakers, switchgear, busway, UPS systems, power distribution units, panel boards, load centers, motor controls, meters, sensors, relays, PLCs, HMIs, and inverters. The main markets for the Electrical Americas and Electrical Rest of World segments are industrial, institutional, government, utility, commercial, residential, information technology and original equipment manufacturer customers.

Aerospace

For the aerospace industry, Eaton manufactures and markets a line of systems and components for hydraulic, fuel, motion control, pneumatic systems and engines.

Mobility

The Mobility Group comprises the company's Vehicle and eMobility segments, including the Roadranger division providing:

Eaton clutches

Eaton automated and mechanical transmissions

Eaton hybrid power systems: mounted between the UltraShift automated manual transmission and clutch is an electric motor/generator, connected to a power inverter using lithium-ion batteries, controlled with an electronic control module. The system has a fail-safe that reverts to conventional engine-powered operation should some fault occur.

Roadranger synthetic lubricants

Eaton MD mobile diagnostics

The truck segment is involved in the design, manufacture and marketing of powertrain systems and other components for commercial vehicle markets. Key products include manual and automated transmissions, clutches, drive-line components, and hybrid power.

Eaton's automotive segment produces products such as superchargers, engine valves, valve train components, cylinder heads, locking and limited-slip differentials, heavy-duty drive-line components, fuel, emissions, and safety controls, transmission and engine controls, spoilers, exterior moldings, plastic components, and fluid connectors.

The eMobility sector combines elements of Eaton's electrical and vehicle businesses to deliver electric vehicles to passenger car, commercial vehicle and off-highway OEMs.

Acquisitions and divestments

In one of Eaton's largest acquisitions, the company purchased the Westinghouse Distribution and Controls Business Unit in 1994. The acquisition included all of the Westinghouse electrical distribution and control product business and also included stipulations that the Westinghouse name cannot be used by anyone else on these types of products for years. Today, Eaton Electrical manufactures electrical distribution and control products branded "Eaton" or "Cutler-Hammer", which can replace Westinghouse products in commercial and industrial applications.

Eaton spun off its semiconductor manufacturing equipment business as Axcelis Technologies in 2000.

In 2003, Eaton's Electrical Distribution and Control business (formerly known as Cutler-Hammer) acquired the electrical division of Delta plc. This acquisition brought Delta's brands Holec, MEM, Tabula, Bill and Elek under the Eaton nameplate with the previous Westinghouse divisions and gave the company manufacturing facilities to meet IEC standards, one of the steps to become a global company and developing a worldwide standard.

Soon after this acquisition, Eaton entered a joint venture with Caterpillar Inc. and purchased 51% of I & S operations, now known as Intelligent Switchgear Organization, LLC. This was followed in 2004 by the acquisition of Powerware. The Powerware brand is known for the design and production of medium to large Uninterruptible Power System (UPS) devices. After several years of co-branding UPS products "Eaton|Powerware" the company is switching to the single brand Eaton for all UPS products including; BladeUPS, 9355, 9390, 9395, and 9E.

In 2006, Eaton entered the data center power distribution market. Initial products were internally developed PDU's and RPP's under the Powerware brand and included the PowerXpert metering system. A Powerware brand Static Transfer Switch was added to the portfolio through a brand-label relationship with Cyberex. To complete the power distribution portfolio Eaton released a line of rack power distribution products under its Powerware brand called ePDU. It acquired Aphel Technologies Ltd., a manufacturer of power distribution product for data centers based in Coventry, UK. Shortly after, it added Pulizzi Engineering Inc., a manufacturer of mission critical power distribution based in Santa Ana, California. In late 2007, it acquired the MGE Office Protection Systems division of Schneider Electric, as a result of Schneider's acquisition of APC. A Taiwanese manufacturer, Phoenixtec, was also acquired giving the company the highest share in the Chinese single-phase UPS market.

On 21 May 2012, Eaton announced that it had agreed to purchase Ireland-based Cooper Industries in a cash-and-stock deal valued at about $11.46 billion. The new company is called Eaton Corporation plc and is incorporated in Ireland. Then-Chairman and CEO of Eaton Alexander Cutler headed the new corporation. Cooper shareholders received $39.15 in cash and 0.77479 of a share in the newly created company for each Cooper share held. This is worth $72 per share based on Eaton's closing share price of $42.40 on 18 May 2012, and is 29% above Cooper's closing stock price. Eaton Corporation plc completed its acquisition of Cooper Industries on 30 Nov 2012. The $13 billion acquisition of Cooper (US$5.4B Sales revenue (2011)), became the largest in Eaton's (US$16B Sales Revenue (2011)) 101-year history.

On 17 Mar 2021, Eaton completed the acquisition of Tripp Lite for $1.65 billion. President and COO of Electrical Sector, Eaton Uday Yadav said "The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business." The acquisition will further Eaton's access to the consumer market in which Tripp Lite has a strong position.

Eaton's hydraulics business, manufacturing systems and components for the agriculture, construction, mining, forestry, utility, material handling, machine tools, molding, power generation, primary metals, and oil and gas markets, was acquired by Danfoss in August 2021 for $3.3 billion.

Headquarters

From 1920s-1964 Eaton was based on East 140th Street in Cleveland, Ohio. In 1964, the company moved its headquarters into the new Erieview Tower where it remained until 1983. In that year, Eaton Corporation moved into a 28-story Cleveland office tower which was renamed for it. Eaton relocated to its new 580,000 square foot facility, named Eaton Center, in Beachwood, Ohio in early 2013. They reincorporated, as a means of reducing its U.S. corporate tax burden, in Ireland as part of the Cooper merger involved establishing a registered head office in Dublin, Ireland but operational headquarters remain in Beachwood.

Lawsuits and other issues

Racial harassment

In 1995, Eaton Corp had to pay $1.25M in restitution to a former employee who had been subject to racial harassment. Incidents included food being thrown on his desk, food being thrown through the roof of his car, use of the word "nigger", and the presence of neo-Nazi flyers at Eaton Corp.

In 2020, an employee sued Eaton Corp for retaliation and facilitating a climate of racial harassment. After a profane outburst from a fellow worker, the plaintiff was assigned to work and train under a supervisor who abused him psychologically. The supervisor made frequent use of "nigger", made reference to slavery and lynching, and claimed his job was to get rid of Black workers. The employee informed management of his hostile work environment, but management responded by disciplining the plaintiff himself.

Long-term benefits

Back when Eaton Corp was struggling with bankruptcy, various employees on long-term benefits suddenly found themselves terminated. Eaton had failed to insure the plan that the employees had nonetheless paid for. This led to numerous suits against Eaton.

Tax avoidance

In 2012, the acquisition of Cooper Industries made it possible for Eaton Corp to become an Irish company, which would sharply lower its corporate tax rate. The move was later denounced by both President Obama and President Donald Trump.

Triumph Group

In 2004, Eaton Corp sued Triumph Group for trade secrets theft, but when it was discovered that the company's lawyers were paying former Hinds County District Attorney Ed Peters to improperly influence Hinds County Circuit Judge Bobby DeLaughter, the defendants countersued. In 2014, Eaton Corp paid $135M to Triumph Group and $13M to six former employees to settle the long-running legal dispute. Judge DeLaughter was sentenced to 18 months in prison.

Software sabotage

In 2018, Eaton Corporation became the target of internal sabotage by a longtime software developer following a corporate restructuring. The employee, Davis Lu, embedded malicious code in the company’s Windows production environment, including a kill switch that would trigger if his account was disabled. When Lu was terminated in September 2019, the kill switch activated, locking out thousands of users and severely disrupting Eaton's global operations. The incident caused hundreds of thousands of dollars in damages. Lu was later convicted of intentionally damaging protected computers and, in 2025, was sentenced to four years in prison and three years of supervised release.

Corporate recognition and rankings

Recognitions include the following:

Ranked #4 in "100 Best Corporate Citizens" of Corporate Responsibility Magazine in 2013, also ranking in Top 50 for Six Consecutive Years.

Named to Thomson Reuters Top 100 Innovators List, 2011 - 2012 - 2013.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

ETN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$418.24
Market Cap
$162.24B
P/E (TTM)
40.0
EPS (TTM)
$10.45
Revenue (TTM)
$27.45B
Div Yield
1.0%
ROE
21.6%
Debt/Equity
0.0
52W Range
$312 – $478

ETN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $27.45B
10-point trend, +39.0%
2016-12-31 2025-12-31
EPS $10.45
10-point trend, +148.8%
2016-12-31 2025-12-31
Free Cash Flow $3.55B
10-point trend, +72.9%
2016-12-31 2025-12-31
Margins 14.9%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ETN
Peer Median
P/E (TTM)
5-point trend, -5.8%
40.0
40.4
P/S (TTM)
5-point trend, +28.2%
5.9
6.7
P/B
5-point trend, +51.5%
8.4
6.4
EV / EBITDA
5-point trend, +64.6%
160.5
Price / FCF
5-point trend, -19.9%
45.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ETN
Peer Median
Net Profit Margin
5-point trend, +36.4%
14.9%
-37.5%
ROA
5-point trend, +57.6%
10.3%
-29.0%
ROE
5-point trend, +57.6%
21.6%
-70.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ETN
Peer Median
Debt / Equity
5-point trend, -87.5%
0.0
36.2
Current Ratio
5-point trend, +26.6%
1.3
1.2
Quick Ratio
5-point trend, +23.3%
0.7

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ETN
Peer Median
Revenue YoY
5-point trend, +39.8%
10.3%
Revenue CAGR 3Y
5-point trend, +39.8%
9.8%
Revenue CAGR 5Y
5-point trend, +39.8%
9.0%
EPS YoY
5-point trend, +95.7%
10.0%
Net Income YoY
5-point trend, +90.6%
7.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ETN
Peer Median
EPS (Diluted)
5-point trend, +95.7%
$10.45

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ETN
Peer Median
Payout Ratio
5-point trend, -30.0%
39.8%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.0%
Payout Ratio
39.8%
5Y Div CAGR
Ex-dateAmount
Aug. 7, 2026$1.1000
May 8, 2026$1.1000
March 10, 2026$1.1000
Nov. 5, 2025$1.0400
Aug. 7, 2025$1.0400
May 5, 2025$1.0400
March 10, 2025$1.0400
Nov. 4, 2024$0.9400
Aug. 5, 2024$0.9400
May 3, 2024$0.9400
March 8, 2024$0.9400
Nov. 3, 2023$0.8600
Aug. 4, 2023$0.8600
May 5, 2023$0.8600
March 3, 2023$0.8600
Nov. 9, 2022$0.8100
Aug. 11, 2022$0.8100
May 12, 2022$0.8100
March 10, 2022$0.8100
Nov. 10, 2021$0.7600

ETN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 33 analysts
  • Strong Buy 8 24.2%
  • Buy 18 54.5%
  • Hold 7 21.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

24 analysts · 2026-08-18
Median target $486.00 +16.2%
Mean target $476.43 +13.9%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $3.15 $3.10 0.05%
March 31, 2026 $2.81 $2.77 0.04%
Dec. 31, 2025 $3.33 $3.33 0.00%
Sept. 30, 2025 $3.07 $3.08 -0.01%
June 30, 2025 $2.95 $2.95 0.00%
March 31, 2025 $2.72 $2.73 -0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ETN $123.55B 30.5 10.3% 14.9% 21.6%
ADSE
HTOO

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +27448000000.00 $27.45B $24.88B $23.20B $20.75B $19.63B $17.86B $21.39B $21.61B $20.40B $19.75B $20.86B $0
Cost of Revenue 12-point trend, +9.5% $17.13B $15.38B $14.76B $13.87B $13.29B $12.41B $14.34B $14.51B $13.76B $13.40B $14.30B $15.65B
R&D Expense 12-point trend, +23.2% $797M $794M $754M $665M $616M $551M $606M $584M $584M $587M $625M $647M
SG&A Expense 12-point trend, +13.1% $4.31B $4.08B $3.79B $3.23B $3.26B $3.08B $3.58B $3.55B $3.53B $3.46B $3.60B $3.81B
Operating Income 6-point trend, +11.0% · · · · · · $3.67B $3.63B $3.21B $2.96B $3.13B $3.31B
Interest Expense 3-point trend, -27.6% · · · · $144M $149M $199M · · · · ·
Other Non-op 12-point trend, -120.2% $-37M $64M $93M $36M $-40M $-150M $-73M $-9M $-1M $51M $35M $183M
Pretax Income 12-point trend, +180.1% $4.93B $4.57B $3.83B $2.91B $2.90B $1.75B $2.59B $2.42B $3.37B $2.12B $2.13B $1.76B
Income Tax 12-point trend, +2102.4% $841M $768M $604M $445M $750M $331M $378M $278M $382M $199M $159M $-42M
Net Income 12-point trend, +126.7% $4.09B $3.79B $3.22B $2.46B $2.14B $1.41B $2.21B $2.15B $2.99B $1.92B $1.97B $1.80B
EPS (Basic) 12-point trend, +177.2% $10.48 $9.54 $8.06 $6.17 $5.38 $3.51 $5.28 $4.93 $6.71 $4.21 $4.23 $3.78
EPS (Diluted) 12-point trend, +177.9% $10.45 $9.50 $8.02 $6.14 $5.34 $3.49 $5.25 $4.91 $6.68 $4.20 $4.22 $3.76
Shares (Basic) 12-point trend, -17.8% 389,900,000 397,600,000 399,100,000 398,700,000 398,700,000 402,200,000 419,000,000 434,300,000 444,500,000 455,000,000 465,500,000 474,100,000
Shares (Diluted) 12-point trend, -18.0% 391,200,000 399,400,000 401,100,000 400,800,000 401,600,000 404,000,000 420,800,000 436,900,000 447,000,000 456,500,000 467,100,000 476,800,000
EBITDA 12-point trend, -76.6% $1.01B $921M $926M $954M $922M $811M $4.56B $4.53B $4.13B $3.89B $4.06B $4.29B
Balance Sheet 26
Annual Balance Sheet data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -20.4% $622M $555M $488M $294M $297M $438M $370M $283M $561M $543M $268M $781M
Short-term Investments 12-point trend, -26.1% $181M $1.52B $2.12B $261M $271M $664M $221M $157M $534M $203M $177M $245M
Receivables 12-point trend, +46.9% $5.39B $4.62B $4.47B $4.08B $3.30B $2.90B $3.44B $3.86B $3.94B $3.56B $3.48B $3.67B
Inventory 12-point trend, +94.4% $4.72B $4.23B $3.74B $3.43B $2.97B $2.11B $2.81B $2.79B $2.62B $2.35B $2.32B $2.43B
Prepaid Expense 12-point trend, +274.1% $1.44B $874M $851M $685M $677M $576M $518M $507M $679M $381M $369M $386M
Current Assets 12-point trend, +52.5% $12.36B $11.80B $11.68B $8.75B $7.51B $9.18B $8.73B $7.59B $8.34B $7.03B $6.62B $8.10B
PP&E (Net) 12-point trend, +15.1% $4.32B $3.73B $3.53B $3.15B $3.06B $2.96B $3.50B $3.47B $3.50B $3.44B $3.56B $3.75B
PP&E (Gross) 12-point trend, +25.9% $10.03B $9.06B $8.74B $8.01B $7.82B $7.59B $8.71B $8.57B $8.51B $8.04B $7.88B $7.96B
Accum. Depreciation 12-point trend, +35.5% $5.71B $5.33B $5.21B $4.87B $4.75B $4.62B $5.21B $5.11B $5.00B $4.60B $4.32B $4.21B
Goodwill 12-point trend, +13.5% $15.77B $14.71B $14.98B $14.80B $14.75B $12.90B $13.46B $13.33B $13.57B $13.20B $13.48B $13.89B
Intangibles 12-point trend, -22.9% $5.05B $4.66B $5.09B $5.49B $5.86B $4.17B $4.64B $4.85B $5.26B $5.51B $6.01B $6.56B
Other Non-current Assets 12-point trend, +127.6% $2.28B $2.07B $2.05B $1.94B $2.01B $1.75B $1.68B $1.57B $1.70B $960M $960M $1.00B
Total Assets 12-point trend, +23.2% $41.25B $38.38B $38.43B $35.01B $34.03B $31.82B $32.80B $31.09B $32.62B $30.48B $31.06B $33.49B
Accounts Payable 12-point trend, +114.8% $4.17B $3.68B $3.37B $3.07B $2.80B $1.99B $2.11B $2.13B $2.17B $1.72B $1.76B $1.94B
Short-term Debt 12-point trend, -50.0% $1M $0 $8M $324M $13M $1M $255M $414M $6M $14M $426M $2M
Current Liabilities 12-point trend, +75.0% $9.37B $7.86B $7.75B $6.36B $7.21B $5.88B $5.13B $5.15B $5.08B $5.49B $4.62B $5.36B
Capital Leases 8-point trend, +637000000.00 $637M $669M $533M $459M $337M $326M $331M $0 · · · ·
Deferred Tax 12-point trend, -70.6% $265M $275M $402M $530M $559M $277M $396M $349M $538M $321M $390M $901M
Other Non-current Liabilities 12-point trend, +74.1% $1.89B $1.67B $1.49B $1.44B $1.50B $1.44B $1.20B $1.05B $965M $934M $978M $1.08B
Long-term Debt 12-point trend, +9.5% $9.89B $9.15B $9.26B $8.33B $8.57B $8.06B $8.07B $7.11B $7.75B $8.26B $7.99B $9.03B
Total Debt 12-point trend, -100.0% $1M $0 $8M $324M $13M $1M $255M $414M $6M $14M $426M $8.03B
Retained Earnings 12-point trend, +51.2% $10.70B $10.10B $10.30B $8.47B $7.59B $6.79B $8.17B $8.16B $8.67B $7.55B $7.35B $7.08B
AOCI 12-point trend, -42.0% $-4.12B $-4.34B $-3.91B $-3.95B $-3.63B $-4.20B $-4.29B $-4.14B $-3.40B $-4.45B $-3.86B $-2.90B
Stockholders' Equity 12-point trend, +23.1% $19.43B $18.49B $19.04B $17.04B $16.41B $14.93B $16.08B $16.11B $17.25B $14.95B $15.19B $15.79B
Liabilities + Equity 12-point trend, +23.0% $41.25B $38.38B $38.43B $35.01B $34.03B $31.82B $32.80B $31.09B $32.62B $30.48B $31.00B $33.53B
Shares Outstanding 12-point trend, -17.1% 387,900,000 392,900,000 399,400,000 397,800,000 398,800,000 398,100,000 413,300,000 423,600,000 439,900,000 449,400,000 458,800,000 467,900,000
Cash Flow 15
Annual Cash Flow data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +2.3% $1.01B $921M $926M $954M $922M $811M $884M $903M $914M $929M $925M $983M
Deferred Tax 12-point trend, +111.4% $45M $-154M $-182M $-128M $-30M $-125M $-58M $-139M $24M $-105M $-199M $-396M
Amort. of Intangibles 10-point trend, +1.9% · · $432M $483M $431M $342M $354M $368M $383M $392M $401M $424M
Restructuring 12-point trend, +146.3% $133M $202M $57M $33M $78M $214M $0 $0 $116M $211M $129M $54M
Other Non-cash 12-point trend, -30.1% $-666M $-234M $-338M $-755M $-873M $848M $412M $-251M $-1.26B $-200M $-341M $-512M
Operating Cash Flow 12-point trend, +138.1% $4.47B $4.33B $3.62B $2.53B $2.16B $2.94B $3.45B $2.66B $2.67B $2.57B $2.41B $1.88B
CapEx 12-point trend, +45.4% $919M $808M $757M $598M $575M $389M $587M $565M $520M $497M $506M $632M
Investing Cash Flow 12-point trend, -869.9% $-1.10B $-271M $-2.58B $-1.20B $-1.76B $397M $-1.87B $-398M $-217M $-529M $-575M $143M
Stock Repurchased 12-point trend, +186.5% $1.86B $2.49B $0 $286M $122M $1.61B $1.03B $1.27B $850M $730M $682M $650M
Net Stock Activity 12-point trend, -186.5% $-1.86B $-2.49B $0 $-286M $-122M $-1.61B $-1.03B $-1.27B $-850M $-730M $-682M $-650M
Dividends Paid 12-point trend, +75.0% $1.63B $1.50B $1.38B $1.30B $1.22B $1.18B $1.20B $1.15B $1.07B $1.04B $1.03B $929M
Financing Cash Flow 12-point trend, -49.0% $-3.17B $-3.94B $-871M $-1.34B $-535M $-3.26B $-1.49B $-2.58B $-2.44B $-1.74B $-2.31B $-2.13B
Net Change in Cash 12-point trend, +150.0% $67M $67M $194M $-3M $-141M $68M $87M $-278M $18M $275M $-513M $-134M
Free Cash Flow 12-point trend, +185.2% $3.55B $3.52B $2.87B $1.94B $1.59B $2.56B $2.86B $2.09B $2.15B $2.06B $1.86B $1.25B
Levered FCF 3-point trend, -44.4% · · · · $1.48B $2.43B $2.66B · · · · ·
Profitability 7
Annual Profitability data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 3-point trend, +9.1% · · · · · · 17.2% 16.8% 15.8% · · ·
Net Margin 9-point trend, +1.8% 14.9% 15.2% 13.9% 11.9% 10.9% 7.9% 10.3% 9.9% 14.6% · · ·
Pretax Margin 9-point trend, +8.8% 18.0% 18.4% 16.5% 14.0% 14.8% 9.8% 12.1% 11.2% 16.5% · · ·
EBITDA Margin 9-point trend, -81.9% 3.7% 3.7% 4.0% 4.6% 4.7% 4.5% 21.3% 21.0% 20.2% · · ·
ROA 12-point trend, +96.6% 10.3% 9.9% 8.8% 7.1% 6.5% 4.4% 6.9% 6.7% 9.5% 6.3% 6.1% 5.2%
ROE 12-point trend, +94.8% 21.6% 20.2% 17.8% 14.7% 13.7% 9.1% 13.8% 12.9% 18.5% 12.8% 12.8% 11.1%
ROIC 6-point trend, +34.9% · · · · · · 19.2% 19.4% 16.5% 17.9% 18.5% 14.2%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -12.8% 1.3 1.5 1.5 1.4 1.0 1.6 1.7 1.5 1.6 1.3 1.4 1.5
Quick Ratio 12-point trend, -24.6% 0.7 0.9 0.9 0.7 0.5 0.7 0.8 0.8 1.0 0.8 0.8 0.9
Debt / Equity 12-point trend, -100.0% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5
LT Debt / Equity · · · · · · · · · · · 0.5
Interest Coverage · · · · · · 15.6 · · · · ·
Efficiency 3
Annual Efficiency data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +0.69 0.7 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.6 0.0 0.0 0.0
Inventory Turnover 12-point trend, -41.1% 3.8 3.9 4.1 4.3 5.2 5.1 5.1 5.4 5.5 5.9 6.0 6.5
Receivables Turnover 12-point trend, +5.49 5.5 5.5 5.4 5.6 6.3 5.6 5.9 5.6 5.4 0.0 0.0 0.0
Per Share 6
Annual Per Share data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +48.4% $50.08 $47.06 $47.66 $42.83 $41.16 $37.50 $38.91 $38.02 $39.22 $33.15 $33.10 $33.74
Revenue / Share 12-point trend, +70.16 $70.16 $62.29 $57.83 $51.78 $48.87 $44.20 $50.83 $49.46 $45.65 $0.00 $0.00 $0.00
Cash Flow / Share 12-point trend, +190.2% $11.43 $10.83 $9.04 $6.32 $5.39 $7.29 $8.20 $6.08 $5.96 $5.59 $5.08 $3.94
Cash / Share 12-point trend, -3.9% $1.60 $1.41 $1.22 $0.74 $0.74 $1.10 $0.90 $0.67 $1.28 $1.21 $0.58 $1.67
Dividend / Share 12-point trend, +112.2% $4 $4 $3 $3 $3 $3 $3 $3 $2 $2 $2 $2
EPS (TTM) 12-point trend, +177.9% $10.45 $9.50 $8.02 $6.14 $5.34 $3.49 $5.25 $4.91 $6.68 $4.20 $4.22 $3.76
Growth Rates 10
Annual Growth Rates data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +4.2% 10.3% 7.2% 11.8% 5.7% 9.9% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +7.2% 9.8% 8.2% 9.1% · · · · · · · · ·
Revenue CAGR 5Y 9.0% · · · · · · · · · · ·
EPS YoY 5-point trend, -81.1% 10.0% 18.4% 30.6% 15.0% 53.0% · · · · · · ·
EPS CAGR 3Y 3-point trend, -39.3% 19.4% 21.2% 32.0% · · · · · · · · ·
EPS CAGR 5Y 24.5% · · · · · · · · · · ·
Net Income YoY 5-point trend, -85.2% 7.7% 17.9% 30.7% 14.8% 52.1% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -41.9% 18.4% 21.0% 31.7% · · · · · · · · ·
Net Income CAGR 5Y 23.7% · · · · · · · · · · ·
Dividend CAGR 5Y 6.7% · · · · · · · · · · ·
Valuation (TTM) 16
Annual Valuation (TTM) data for ETN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +27448000000.00 $27.45B $24.88B $23.20B $20.75B $19.63B $17.86B $21.39B $21.61B $20.40B $19.75B $20.86B $0
Net Income TTM 12-point trend, +126.7% $4.09B $3.79B $3.22B $2.46B $2.14B $1.41B $2.21B $2.15B $2.99B $1.92B $1.97B $1.80B
Market Cap 12-point trend, +288.5% $123.55B $130.39B $96.18B $62.43B $68.92B $47.83B $39.15B $29.08B $34.76B $30.15B $23.88B $31.80B
Enterprise Value 12-point trend, +216.4% $122.75B $128.31B $93.58B $62.20B $68.37B $46.73B $38.81B $29.06B $33.67B $29.42B $23.86B $38.80B
P/E 12-point trend, +68.6% 30.5 34.9 30.0 25.6 32.4 34.4 18.0 14.0 11.8 16.0 12.3 18.1
P/S 11-point trend, +293.2% 4.5 5.2 4.1 3.0 3.5 2.7 1.8 1.3 1.7 1.5 1.1 ·
P/B 12-point trend, +215.8% 6.4 7.1 5.1 3.7 4.2 3.2 2.4 1.8 2.0 2.0 1.6 2.0
P / Cash Flow 12-point trend, +63.2% 27.6 30.1 26.5 24.6 31.9 16.2 11.3 10.9 13.0 11.8 10.1 16.9
P / FCF 12-point trend, +36.3% 34.8 37.1 33.5 32.3 43.4 18.7 13.7 13.9 16.2 14.7 12.8 25.5
EV / EBITDA 12-point trend, +1250.7% 122.0 139.3 101.1 65.2 74.1 57.6 8.5 6.4 8.2 7.6 5.9 9.0
EV / FCF 12-point trend, +10.9% 34.5 36.5 32.6 32.1 43.1 18.3 13.6 13.9 15.7 14.3 12.8 31.1
EV / Revenue 11-point trend, +290.9% 4.5 5.2 4.0 3.0 3.5 2.6 1.8 1.3 1.6 1.5 1.1 ·
Dividend Yield 12-point trend, -54.8% 1.3% 1.1% 1.4% 2.1% 1.8% 2.5% 3.1% 4.0% 3.1% 3.4% 4.3% 2.9%
Earnings Yield 12-point trend, -40.7% 3.3% 2.9% 3.3% 3.9% 3.1% 2.9% 5.5% 7.1% 8.5% 6.3% 8.1% 5.5%
Payout Ratio 12-point trend, -22.8% 39.8% 39.5% 42.9% 52.8% 56.9% 83.3% 54.3% 53.6% 35.8% 53.9% 51.8% 51.5%
Annual Payout 12-point trend, +75.0% $1.63B $1.50B $1.38B $1.30B $1.22B $1.18B $1.20B $1.15B $1.07B $1.04B $1.03B $929M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $27.45B$24.88B$23.20B$20.75B$19.63B
Net Income $4.09B$3.79B$3.22B$2.46B$2.14B
Diluted EPS $10.45$9.50$8.02$6.14$5.34
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.00.00.00.00.0
Current Ratio 1.31.51.51.41.0
Quick Ratio 0.70.90.90.70.5
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $3.55B$3.52B$2.87B$1.94B$1.59B

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Institutional owners (13F) 2,879 filers · $80.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
285 (0 vs prior Q) 99 (-44 vs prior Q) 1,083 (+52 vs prior Q) 883 (-3 vs prior Q) +41.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $10,808,202,704 25,364,223 13.37% Shares
STATE STREET CORP $7,449,064,230 17,479,372 9.21% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $4,007,415,285 9,404,429 4.96% Shares
GEODE CAPITAL MANAGEMENT, LLC $3,259,114,936 7,689,638 4.03% Shares
WELLINGTON MANAGEMENT GROUP LLP $2,678,690,458 6,286,235 3.31% Shares
NORGES BANK $2,095,434,447 4,917,475 2.59% Shares
FMR LLC $2,094,497,324 4,915,276 2.59% Shares
JANUS HENDERSON GROUP PLC $1,748,547,567 4,933,088 2.16% Shares
ALLIANCEBERNSTEIN L.P. $1,648,372,269 4,608,640 2.04% Shares
RAYMOND JAMES FINANCIAL INC $1,546,690,378 3,629,706 1.91% Shares
FIRST TRUST ADVISORS LP $1,331,921,397 3,125,697 1.65% Shares
Clearbridge Investments, LLC $1,128,676,662 2,648,729 1.40% Shares
BANK OF AMERICA CORP /DE/ $1,103,752,427 2,590,238 1.36% Shares
UBS Group AG $1,027,792,491 2,411,979 1.27% Shares
VANGUARD FIDUCIARY TRUST CO $932,469,447 2,188,279 1.15% Shares
AMERIPRISE FINANCIAL INC $697,045,984 1,635,841 0.86% Shares
VANGUARD GROUP INC $691,612,933 2,171,401 0.86% Shares
ENVESTNET ASSET MANAGEMENT INC $643,326,690 1,509,735 0.80% Shares
NEUBERGER BERMAN GROUP LLC $612,690,200 1,437,835 0.76% Shares
JANE STREET GROUP, LLC $607,604,508 1,425,900 0.75% Put option
Sumitomo Mitsui Trust Group, Inc. $573,283,525 1,345,357 0.71% Shares
VICTORY CAPITAL MANAGEMENT INC $568,525,631 1,334,139 0.70% Shares
1832 Asset Management L.P. $497,591,829 1,167,727 0.62% Shares
Swiss National Bank $466,311,638 1,094,320 0.58% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $459,447,502 1,284,557 0.57% Shares
Pictet Asset Management Holding SA $437,130,941 1,025,840 0.54% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $422,668,428 991,900 0.52% Call option
DIMENSIONAL FUND ADVISORS LP $413,161,867 969,591 0.51% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $404,761,587 949,877 0.50% Shares
Fayez Sarofim & Co $388,129,157 910,845 0.48% Shares
BlackRock, Inc. $385,524,826 904,733 0.48% Shares
National Pension Service $368,479,174 864,731 0.46% Shares
GOLDMAN SACHS GROUP INC $365,633,854 858,054 0.45% Shares
Vanguard Global Advisers, LLC $356,314,300 836,183 0.44% Shares
Legal & General Group Plc $348,657,351 818,214 0.43% Shares
LPL Financial LLC $348,115,472 816,943 0.43% Shares
Nuveen, LLC $329,799,328 773,959 0.41% Shares
AGF MANAGEMENT LTD $329,415,475 773,058 0.41% Shares
Bank Julius Baer & Co. Ltd, Zurich $327,613,854 775,555 0.41% Shares
JANE STREET GROUP, LLC $327,004,488 767,400 0.40% Call option
AMERICAN CENTURY COMPANIES INC $322,849,503 757,649 0.40% Shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main $318,743,300 748,013 0.39% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $310,684,092 729,100 0.38% Put option
VANGUARD ASSET MANAGEMENT, Ltd $304,207,494 713,901 0.38% Shares
PNC Financial Services Group, Inc. $287,049,772 673,636 0.35% Shares
BNP PARIBAS FINANCIAL MARKETS $275,884,576 647,434 0.34% Shares
JONES FINANCIAL COMPANIES LLLP $263,044,095 653,234 0.33% Shares
Nuveen Asset Management, LLC $260,649,476 785,396 0.32% Shares
RHUMBLINE ADVISERS $259,713,213 609,484 0.32% Shares
California Public Employees Retirement System $257,514,969 604,325 0.32% Shares
FRANKLIN RESOURCES INC $249,728,052 586,051 0.31% Shares
LAZARD ASSET MANAGEMENT LLC $241,841,423 567,543 0.30% Shares
Guinness Asset Management LTD $241,335,074 568,814 0.30% Shares
TD Asset Management Inc $240,473,152 564,332 0.30% Shares
CANADA PENSION PLAN INVESTMENT BOARD $239,579,152 562,234 0.30% Shares
PRINCIPAL FINANCIAL GROUP INC $236,369,618 554,702 0.29% Shares
BARCLAYS PLC $231,766,668 543,900 0.29% Put option
Williams Jones Wealth Management, LLC. $226,084,394 530,565 0.28% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $213,172,751 596,004 0.26% Shares
HighTower Advisors, LLC $211,600,713 496,575 0.26% Shares
NEW YORK STATE COMMON RETIREMENT FUND $211,469,294 496,267 0.26% Shares
Public Sector Pension Investment Board $204,647,965 480,259 0.25% Shares
TRUIST FINANCIAL CORP $203,041,707 476,490 0.25% Shares
FIFTH THIRD BANCORP $199,791,475 468,862 0.25% Shares
Contour Asset Management LLC $197,086,040 462,513 0.24% Shares
COATUE MANAGEMENT LLC $196,656,937 461,506 0.24% Shares
Baird Financial Group, Inc. $196,533,362 461,216 0.24% Shares
USS Investment Management Ltd $186,395,825 437,477 0.23% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $178,534,000 418,976 0.22% Shares
US BANCORP \DE\ $177,618,322 416,827 0.22% Shares
CONGRESS ASSET MANAGEMENT CO $176,020,475 413,077 0.22% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $169,210,856 397,097 0.21% Shares
Haverford Trust Co $165,638,428 388,713 0.20% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $162,766,359 382,633 0.20% Shares
ROYAL BANK OF CANADA $161,882,000 379,898 0.20% Shares
Ensign Peak Advisors, Inc $157,786,270 370,286 0.20% Shares
Artisan Partners Limited Partnership $156,859,033 368,110 0.19% Shares
AMF Tjanstepension AB $153,252,354 359,646 0.19% Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC $147,308,832 345,698 0.18% Shares
AVIVA PLC $145,605,630 341,701 0.18% Shares
Mariner, LLC $144,603,202 339,473 0.18% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $143,031,439 335,660 0.18% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $135,453,747 317,877 0.17% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $131,712,840 309,098 0.16% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $127,604,746 314,815 0.16% Shares
MACKENZIE FINANCIAL CORP $126,703,799 297,343 0.16% Shares
Korea Investment CORP $126,372,704 296,566 0.16% Shares
Quantinno Capital Management LP $119,183,228 279,694 0.15% Shares
AQR CAPITAL MANAGEMENT LLC $118,580,417 283,692 0.15% Shares
APG Asset Management N.V. $118,000,541 316,601 0.15% Shares
BARTLETT & CO. WEALTH MANAGEMENT LLC $115,485,562 271,017 0.14% Shares
AEGON ASSET MANAGEMENT UK Plc $113,028,330 265,250 0.14% Shares
Cetera Investment Advisers $111,467,195 261,587 0.14% Shares
BARCLAYS PLC $109,508,155 256,989 0.14% Shares
MILLENNIUM MANAGEMENT LLC $108,532,764 254,700 0.13% Call option
Zurcher Kantonalbank (Zurich Cantonalbank) $105,596,371 247,809 0.13% Shares
ROYAL BANK OF CANADA $104,314,000 244,800 0.13% Put option
Lansforsakringar Fondforvaltning AB (publ) $99,792,617 234,189 0.12% Shares
Fisher Asset Management, LLC $99,583,405 233,698 0.12% Shares
WOLVERINE TRADING, LLC $99,460,935 270,900 0.12% Call option

Company insiders 50 insiders · 26 officers · 22 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sternadt Paulo Ruiz Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer. March 20, 2026 A 33,508 0 1 $-4,178,514
Craig Arnold Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer. May 12, 2025 M 490,208 0 0 $0
Alexander M Cutler Chief Executive Officer of Eaton Corporation, a subsidiary of the Issuer May 11, 2016 M 497,177 0 0 $0
David B Foster Executive Vice President and Chief Financial Officer of Eaton Corporation, a subsidiary of the Issuer. April 1, 2026 A 0 0 $0
Olivier Leonetti Former Executive Vice President and Chief Financial Officer of Eaton Corporation, a subsidiary of the Issuer. Feb. 27, 2026 M 3,511 0 0 $0
Antonio Galvao President - Mobility Group of Eaton Corporation, a subsidiary of the Issuer. May 13, 2026 S 9,175 0 1 $-200,495
Peter Denk President and Chief Operating Officer - Industrial Sector of Eaton Corporation, a subsidiary of the Issuer. May 6, 2026 S 7,102 0 1 $-835,880
John Sapp President - Aerospace Group of Eaton Corporation, a subsidiary of the Issuer. Feb. 28, 2025 M 725 0 0 $0
Nandakumar Cheruvatath President - Aerospace Group of Eaton Corporation, a subsidiary of the Issuer. March 19, 2024 I 2,407 0 0 $0
Joao V Faria President - Vehicle Group of Eaton Corporation, a subsidiary of the Issuer. March 9, 2023 S 68,814 0 0 $0
Brian S Brickhouse President - Americas Region, Electrical Sector of Eaton Corporation, a subsidiary of the Issuer. March 3, 2023 M 16,358 0 0 $0
Uday Yadav President and Chief Operating Officer - Electrical Sector of Eaton Corporation, a subsidiary of the Issuer. Feb. 25, 2022 M 38,831 0 0 $0
Revathi Advaithi Chief Operating Officer - Electrical Sector of Eaton Corporation, a subsidiary of the Issuer Feb. 26, 2016 M 62,389 0 0 $0
Thomas Gross Vice Chairman and Chief Operating Officer - Electrical Sector of Eaton Corporation, a subsidiary of the Issuer July 23, 2015 M 34,942 0 0 $0
Dougherty Lucy Clark Executive Vice President and Chief Legal Officer of Eaton Corporation, a subsidiary of the Issuer. Feb. 26, 2026 M 1,340 0 0 $0
Kaled Awada Executive Vice President and Chief Human Resources Officer of Eaton Corporation, a subsidiary of the Issuer. Feb. 25, 2026 A 0 0 $0
Ernest W Marshall JR Executive Vice President and Chief Human Resources Officer of Eaton Corporation, a subsidiary of the Issuer. May 7, 2025 M 36,021 0 0 $0
Taras G. Szmagala Jr. Executive Vice President and Chief Legal Officer of Eaton Corporation, a subsidiary of the Issuer. Feb. 28, 2025 M 14,248 0 0 $0
Daniel Roy Hopgood Senior Vice President and Controller of Eaton Corporation of Eaton Corporation, a subsidiary of the Issuer. Feb. 28, 2024 A 10,321 0 0 $0
Boise April Miller Executive Vice President, Chief Legal Officer and Secretary of Eaton Corporation, a subsidiary of the Issuer. May 27, 2022 M 11,900 0 0 $0
Mark M Mcguire Executive Vice President, General Counsel and Secretary of Eaton Corporation, a subsidiary of the Issuer June 7, 2016 M 30,567 0 0 $0
Ken D Semelsberger Senior Vice President and Controller of Eaton Corporation, a subsidiary of the Issuer Feb. 26, 2016 M 86,219 0 0 $0
Cynthia K Brabander Executive Vice President and Chief Human Resources Officer of Eaton Corporation, a subsidiary of the Issuer Feb. 25, 2016 M 13,770 0 0 $0
Thomas E. Moran Sr VP and Secretary Feb. 25, 2016 M 13,132 0 0 $0
Richard H Fearon Vice Chairman and Chief Financial and Planning Officer of Eaton Corporation, a subsidiary of the Issuer Feb. 25, 2016 M 270,816 0 0 $0
Billie K Rawot Senior Vice President and Controller of Eaton Corporation, a subsidiary of the Issuer July 23, 2013 M 100,353 0 0 $0
Dorothy C Thompson Director May 22, 2026 S 1,096 0 1 $-64,295
Andre Schulten Director May 6, 2026 A 666 0 0 $0
Silvio Napoli Director May 6, 2026 A 1,756 0 0 $0
Darryl L. Wilson Director May 6, 2026 A 1,788 0 0 $0
Sandra Pianalto Director May 6, 2026 A 2,488 0 0 $0
Robert V Pragada Director May 6, 2026 A 1,688 0 0 $0
Lori Ryerkerk Director May 6, 2026 A 2,288 0 0 $0
Karenann K Terrell Director May 6, 2026 A 1,285 0 0 $0
Gregory R Page Director May 6, 2026 A 44,090 0 0 $0
Gerald B Smith Director May 6, 2025 A 3,006 0 0 $0
Deborah L Mccoy Director Aug. 5, 2022 S 12,856 0 0 $0
Christopher M Connor Director April 27, 2022 A 12,650 0 0 $0
Todd M Bluedorn Director Feb. 23, 2016 A 6,536 0 0 $0
Ned C Lautenbach Director Feb. 23, 2016 A 70,738 0 0 $0
Michael J Critelli Director Feb. 23, 2016 A 83,566 0 0 $0
Arthur E Johnson Director Feb. 23, 2016 A 9,590 0 0 $0
Linda A Hill Director Feb. 23, 2016 A 7,410 0 0 $0
George S Barrett Director Jan. 28, 2015 A 4,288 0 0 $0
Gerald Johnson Aug. 13, 2026 P 1,829 6 0 $588,771
Heath B. Monesmith Aug. 11, 2026 M 51,174 0 2 $-15,775,332
Michael Yelton Aug. 6, 2026 M 2,533 0 1 $-1,307,245
Adam A Wadecki Aug. 4, 2026 S 1,054 0 1 $-231,284
Thomas B Okray Feb. 1, 2024 M 12,977 0 0 $0
Charles E Golden Feb. 23, 2016 A 10,590 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 134 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
POWR · iShares, Inc. 7.10% 72,136 SH Aug. 8, 2026 Daily
SUPP · TCW ETF Trust 6.54% 1,831 NS April 30, 2026 N-PORT
MADE · iShares Trust 4.50% 6,436 SH Aug. 8, 2026 Daily
ZAP · Global X Funds 4.13% 43,561 NS April 30, 2026 N-PORT
IBAT · iShares Trust 3.96% 6,377 SH Aug. 8, 2026 Daily
PAVE · Global X Funds 3.30% 1,116,096 NS May 31, 2026 N-PORT
AIFD · TCW ETF Trust 2.91% 7,217 NS April 30, 2026 N-PORT
GRW · TCW ETF Trust 2.46% 4,077 NS April 30, 2026 N-PORT
VIS · VANGUARD WORLD FUND 2.21% 471,133 SH Aug. 8, 2026 Daily
PPA · Invesco Exchange-Traded Fund Trust 2.21% 428,624 SH Aug. 8, 2026 Daily
DUSL · Direxion Shares ETF Trust 2.18% 2,727 NS April 30, 2026 N-PORT
IYJ · iShares Trust 2.03% 88,385 SH Aug. 8, 2026 Daily
NUDV · Nushares ETF Trust 1.92% 2,010 NS April 30, 2026 N-PORT
RUNN · Strategic Trust 1.72% 14,828 NS May 31, 2026 N-PORT
EXI · iShares Trust 1.67% 54,650 SH Aug. 8, 2026 Daily
NULC · Nushares ETF Trust 1.56% 2,049 NS April 30, 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1.34% 32,160 SH Aug. 8, 2026 Daily
NUGO · Nushares ETF Trust 1.11% 72,875 NS April 30, 2026 N-PORT
XOEF · iShares Trust 0.96% 488 SH Aug. 8, 2026 Daily
RFDA · ALPS ETF Trust 0.92% 2,010 NS May 31, 2026 N-PORT
SPHB · Invesco Exchange-Traded Fund Trust … 0.80% 16,818 SH Aug. 8, 2026 Daily
ACLC · AMERICAN CENTURY ETF TRUST 0.79% 6,103 NS May 31, 2026 N-PORT
MGV · VANGUARD WORLD FUND 0.78% 244,061 SH Aug. 8, 2026 Daily
VIG · VANGUARD SPECIALIZED FUNDS 0.72% 2,193,691 SH Aug. 8, 2026 Daily
PDP · Invesco Exchange-Traded Fund Trust 0.70% 23,416 SH Aug. 8, 2026 Daily
GTOS · Invesco Actively Managed Exchange-T… 0.69% 857,000 Aug. 8, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.69% 1,551,092 SH Aug. 8, 2026 Daily
USXF · iShares Trust 0.68% 22,604 SH Aug. 8, 2026 Daily
ACVF · ETF Opportunities Trust 0.64% 2,161 NS April 30, 2026 N-PORT
VTV · VANGUARD INDEX FUNDS 0.62% 3,692,785 SH Aug. 8, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.62% 11,104 SH Aug. 8, 2026 Daily
IVE · iShares Trust 0.58% 643,400 SH Aug. 8, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.57% 89,426 SH Aug. 8, 2026 Daily
IUSV · iShares Trust 0.55% 337,881 SH Aug. 8, 2026 Daily
HIBL · Direxion Shares ETF Trust 0.54% 993 NS April 30, 2026 N-PORT
IWX · iShares Trust 0.54% 48,593 SH Aug. 8, 2026 Daily
DYNF · BlackRock ETF Trust 0.54% 481,454 SH Aug. 8, 2026 Daily
SUSL · iShares Trust 0.50% 13,430 SH Aug. 8, 2026 Daily
DSI · iShares Trust 0.49% 59,899 SH Aug. 8, 2026 Daily
EGLE · Global X Funds 0.49% 23 NS April 30, 2026 N-PORT
XT · iShares Trust 0.48% 41,818 SH Aug. 8, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.47% 16,553,000 Aug. 8, 2026 Daily
AQLT · iShares Trust 0.45% 3,081 SH Aug. 8, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.45% 48,504 SH Aug. 8, 2026 Daily
LRGF · iShares Trust 0.45% 36,617 SH Aug. 8, 2026 Daily
OALC · Unified Series Trust 0.43% 2,602 NS May 31, 2026 N-PORT
DGRO · iShares Trust 0.40% 391,171 SH Aug. 8, 2026 Daily
IWD · iShares Trust 0.39% 729,283 SH Aug. 8, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.39% 198,342 SH Aug. 8, 2026 Daily
OUSA · ALPS ETF Trust 0.38% 7,022 NS May 31, 2026 N-PORT