Eaton (ETN) Return on Invested Capital [ROIC] (2012 - 2026)
Eaton (ETN) recorded Return on Invested Capital [ROIC] of 10.34% in Q2 2026, down 3.60 percentage points from 13.95% a year earlier and down 1.78 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).
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q1 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in six of the last eight quarters, with an average year-over-year change of +0.44 percentage points.
- 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 12.12% (Q1 2026), 14.68% (Q4 2025) and 13.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 15.86% |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 16.52% |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 9.33% |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 10.34% |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 15.40% |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 23.98% |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 10.94% |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 22.67% |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 27.10% |
| 10 | Cummins | 72.76 Bn | 69.90 Bn | 2.47 Bn | 13.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 6.71% |
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();