Eaton (ETN) Return on Capital Employed [ROCE] (2012 - 2026)
Eaton (ETN) posted Return on Capital Employed [ROCE] of 12.64% for Q3 2026, down 3.59 percentage points from 16.23% a year earlier but up 0.48 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).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 9.17% in Q4 2021 to a high of 16.50% in Q1 2025 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last three quarters, with an average year-over-year change of +0.13 percentage points over the last eight quarters.
- 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 12.16% (Q2 2026), 14.22% (Q1 2026) and 16.50% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 271.73 Bn | 243.04 Bn | 7.35 Bn | 22.25% |
| 2 | Amphenol | 188.84 Bn | 183.54 Bn | 4.02 Bn | 25.53% |
| 3 | Deere | 181.31 Bn | 149.40 Bn | 4.66 Bn | - |
| 4 | Eaton | 135.80 Bn | 132.74 Bn | 3.11 Bn | 12.64% |
| 5 | Parker-Hannifin | 119.48 Bn | 117.37 Bn | 2.26 Bn | 17.64% |
| 6 | 3M | 96.07 Bn | 77.51 Bn | 2.78 Bn | 18.67% |
| 7 | Emerson Electric | 92.37 Bn | 84.85 Bn | 2.74 Bn | 15.15% |
| 8 | Illinois Tool Works | 81.84 Bn | 78.51 Bn | 1.91 Bn | 38.87% |
| 9 | Vertiv Holdings | 76.56 Bn | 65.41 Bn | 1.64 Bn | 31.72% |
| 10 | Tenaris | 64.51 Bn | 35.76 Bn | 1.07 Bn | 10.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.64% |
| 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% |
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();