Eaton (ETN) Invested Capital (2011 - 2026)
Eaton (ETN) reported Invested Capital of $40.91 billion for Q2 2026, up 38.0% from $29.64 billion a year earlier and unchanged from the prior quarter.
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Analysis
Eaton (ETN) Invested Capital (2011 - 2026) Analysis & Trends
For FY2025, Eaton posted Invested Capital of $29.36 billion, up 6.1% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- By year, Invested Capital came in at $27.68 billion in FY2024 (-2.3%), $28.34 billion in FY2023 (+10.1%), $25.73 billion in FY2022 (+2.8%) and $25.03 billion in FY2021 (+8.7%).
- The Q2 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q4 2011.
- Year over year, Invested Capital has now increased in each of the last six quarters, with growth averaging 11.7% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q1 2026 (growth of 42.9%); the low point was Q2 2022 (a decline of 5.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $40.89 billion (Q1 2026), $29.36 billion (Q4 2025) and $29.54 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 354.00 Bn | 325.69 Bn | 7.76 Bn | 64.54 Bn |
| 2 | Amphenol | 211.19 Bn | 205.77 Bn | 3.55 Bn | 34.42 Bn |
| 3 | Deere | 174.79 Bn | 142.88 Bn | 4.66 Bn | 51.21 Bn |
| 4 | Eaton | 166.32 Bn | 163.51 Bn | 2.86 Bn | 40.91 Bn |
| 5 | Parker-Hannifin | 121.11 Bn | 119.23 Bn | 2.25 Bn | 23.93 Bn |
| 6 | Vertiv Holdings | 91.26 Bn | 81.88 Bn | 1.23 Bn | 7.70 Bn |
| 7 | Emerson Electric | 91.05 Bn | 83.78 Bn | 2.66 Bn | 33.51 Bn |
| 8 | 3M | 84.14 Bn | 65.54 Bn | 2.68 Bn | 15.56 Bn |
| 9 | Illinois Tool Works | 76.04 Bn | 72.60 Bn | 1.90 Bn | 12.59 Bn |
| 10 | Cummins | 72.90 Bn | 68.97 Bn | 2.47 Bn | 21.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.91 Bn |
| Mar 31, 2026 | 40.89 Bn |
| Dec 31, 2025 | 29.36 Bn |
| Sep 30, 2025 | 29.54 Bn |
| Jun 30, 2025 | 29.64 Bn |
| Mar 31, 2025 | 28.63 Bn |
| Dec 31, 2024 | 27.68 Bn |
| Sep 30, 2024 | 28.56 Bn |
| Jun 30, 2024 | 29.09 Bn |
| Mar 31, 2024 | 28.51 Bn |
| Dec 31, 2023 | 28.34 Bn |
| Sep 30, 2023 | 27.57 Bn |
| Jun 30, 2023 | 27.29 Bn |
| Mar 31, 2023 | 26.28 Bn |
| Dec 31, 2022 | 25.73 Bn |
| Sep 30, 2022 | 25.11 Bn |
| Jun 30, 2022 | 26.12 Bn |
| Mar 31, 2022 | 26.26 Bn |
| Dec 31, 2021 | 25.03 Bn |
| Sep 30, 2021 | 25.08 Bn |
API Access
Eaton Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "ETN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();