Eaton (ETN) Return on Capital Employed [ROCE] (2012 - 2026)
Eaton (ETN) posted Return on Capital Employed [ROCE] of 12.16% for Q2 2026, down 4.01 percentage points from 16.17% a year earlier and down 2.06 percentage points from the prior quarter.
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Analysis
Eaton (ETN) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025, Eaton's Return on Capital Employed [ROCE] came in at 17.11%, up 1.95 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for five consecutive years, with a five-year change of +10.21 percentage points (FY2020 to FY2025).
- In prior years, Eaton's Return on Capital Employed [ROCE] was 15.16% in FY2024 (+1.75 pp), 13.41% in FY2023 (+2.77 pp), 10.64% in FY2022 (+1.06 pp) and 9.58% in FY2021 (+2.68 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in six of the last eight quarters, with an average year-over-year change of +0.80 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q1 2025, with a gain of 3.26 percentage points; the weakest was Q2 2026, with a drop of 4.01 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 14.22% (Q1 2026), 16.50% (Q4 2025) and 16.23% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 22.08% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 23.04% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | - |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 12.16% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 18.77% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 29.36% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 14.90% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 19.43% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 41.86% |
| 10 | Cummins | 72.76 Bn | 69.90 Bn | 2.47 Bn | 15.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.16% |
| Mar 31, 2026 | 14.22% |
| Dec 31, 2025 | 16.50% |
| Sep 30, 2025 | 16.23% |
| Jun 30, 2025 | 16.17% |
| Mar 31, 2025 | 16.50% |
| Dec 31, 2024 | 14.97% |
| Sep 30, 2024 | 14.30% |
| Jun 30, 2024 | 14.06% |
| Mar 31, 2024 | 13.24% |
| Dec 31, 2023 | 12.90% |
| Sep 30, 2023 | 12.50% |
| Jun 30, 2023 | 11.60% |
| Mar 31, 2023 | 10.89% |
| Dec 31, 2022 | 10.57% |
| Sep 30, 2022 | 9.89% |
| Jun 30, 2022 | 9.88% |
| Mar 31, 2022 | 9.55% |
| Dec 31, 2021 | 9.17% |
| Sep 30, 2021 | 8.15% |
API Access
Eaton Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();