Eaton (ETN) Operating Leases (2019 - 2026)
Eaton (ETN) recorded Operating Leases of $816 million in Q3 2026, up 43.7% from $568 million a year earlier and up 14.1% from the prior quarter.
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Analysis
Eaton (ETN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Eaton reported Operating Leases of $637 million, down 4.8% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $669 million in FY2024 (+25.5%), $533 million in FY2023 (+16.1%), $459 million in FY2022 (+36.2%) and $337 million in FY2021 (+3.4%).
- The Q3 2026 figure is the highest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has increased for three consecutive quarters, with growth averaging 9.5% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 43.7% in Q3 2026, against a decline of 16.6% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $715 million (Q2 2026), $704 million (Q1 2026) and $637 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 816.00 Mn |
| Jun 30, 2026 | 715.00 Mn |
| Mar 31, 2026 | 704.00 Mn |
| Dec 31, 2025 | 637.00 Mn |
| Sep 30, 2025 | 568.00 Mn |
| Jun 30, 2025 | 587.00 Mn |
| Mar 31, 2025 | 669.00 Mn |
| Dec 31, 2024 | 669.00 Mn |
| Sep 30, 2024 | 681.00 Mn |
| Jun 30, 2024 | 656.00 Mn |
| Mar 31, 2024 | 601.00 Mn |
| Dec 31, 2023 | 533.00 Mn |
| Sep 30, 2023 | 486.00 Mn |
| Jun 30, 2023 | 482.00 Mn |
| Mar 31, 2023 | 466.00 Mn |
| Dec 31, 2022 | 459.00 Mn |
| Sep 30, 2022 | 447.00 Mn |
| Jun 30, 2022 | 386.00 Mn |
| Mar 31, 2022 | 342.00 Mn |
| Dec 31, 2021 | 337.00 Mn |
API Access
Eaton Operating Leases 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=operating-leases&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();