Eaton (ETN) Return on Invested Capital [ROIC] (2012 - 2026)
Eaton (ETN) recorded Return on Invested Capital [ROIC] of 10.72% in Q3 2026, down 3.24 percentage points from 13.96% a year earlier but up 0.38 percentage points from the prior quarter.
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Analysis
Eaton (ETN) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025, Eaton reported Return on Invested Capital [ROIC] of 15.15%, up 1.39 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for five straight years, with a five-year change of +8.92 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 13.76% in FY2024 (+1.65 pp), 12.10% in FY2023 (+2.11 pp), 10.00% in FY2022 (+2.40 pp) and 7.60% in FY2021 (+1.37 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 7.28% in Q4 2021 to 14.68% in Q4 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of -0.20 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.27 percentage points in Q2 2023, against a drop of 3.60 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 10.34% (Q2 2026), 12.12% (Q1 2026) and 14.68% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 16.80% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 18.53% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 10.72% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 13.34% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 22.04% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 10.94% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 27.11% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 26.27% |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | 13.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.72% |
| Jun 30, 2026 | 10.34% |
| Mar 31, 2026 | 12.12% |
| Dec 31, 2025 | 14.68% |
| Sep 30, 2025 | 13.96% |
| Jun 30, 2025 | 13.95% |
| Mar 31, 2025 | 14.26% |
| Dec 31, 2024 | 13.71% |
| Sep 30, 2024 | 13.09% |
| Jun 30, 2024 | 12.61% |
| Mar 31, 2024 | 12.05% |
| Dec 31, 2023 | 11.70% |
| Sep 30, 2023 | 11.21% |
| Jun 30, 2023 | 10.70% |
| Mar 31, 2023 | 10.28% |
| Dec 31, 2022 | 9.98% |
| Sep 30, 2022 | 9.27% |
| Jun 30, 2022 | 7.43% |
| Mar 31, 2022 | 7.32% |
| Dec 31, 2021 | 7.28% |
API Access
Eaton Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();