Eaton (ETN) Total Debt (2011 - 2026)
Eaton (ETN) recorded Total Debt of $20.11 billion in Q3 2026, up 88.7% from $10.65 billion a year earlier but down 2.5% from the prior quarter.
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Analysis
Eaton (ETN) Total Debt (2011 - 2026) Analysis & Trends
At the end of FY2025, Eaton reported Total Debt of $9.9 billion, up 8.1% from FY2024.
- Annual Total Debt has a five-year compound annual growth rate of 4.2% (FY2020 to FY2025).
- Across earlier years, Total Debt came in at $9.15 billion in FY2024 (-1.3%), $9.27 billion in FY2023 (+7.1%), $8.66 billion in FY2022 (+0.9%) and $8.58 billion in FY2021 (+6.5%).
- Quarterly Total Debt has ranged from $8.58 billion in Q4 2021 to $21.13 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Total Debt has increased for seven consecutive quarters, with growth averaging 40.9% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 109.6% in Q1 2026, against a decline of 19.9% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $20.61 billion (Q2 2026), $21.13 billion (Q1 2026) and $9.9 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 45.20 Bn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 17.87 Bn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 57.74 Bn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 20.11 Bn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 17.48 Bn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 15.00 Bn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 13.11 Bn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 9.37 Bn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 2.93 Bn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 5.63 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.11 Bn |
| Jun 30, 2026 | 20.61 Bn |
| Mar 31, 2026 | 21.13 Bn |
| Dec 31, 2025 | 9.90 Bn |
| Sep 30, 2025 | 10.65 Bn |
| Jun 30, 2025 | 11.00 Bn |
| Mar 31, 2025 | 10.08 Bn |
| Dec 31, 2024 | 9.15 Bn |
| Sep 30, 2024 | 9.40 Bn |
| Jun 30, 2024 | 9.84 Bn |
| Mar 31, 2024 | 9.19 Bn |
| Dec 31, 2023 | 9.27 Bn |
| Sep 30, 2023 | 9.15 Bn |
| Jun 30, 2023 | 9.30 Bn |
| Mar 31, 2023 | 8.80 Bn |
| Dec 31, 2022 | 8.66 Bn |
| Sep 30, 2022 | 9.01 Bn |
| Jun 30, 2022 | 9.70 Bn |
| Mar 31, 2022 | 9.61 Bn |
| Dec 31, 2021 | 8.58 Bn |
API Access
Eaton Total Debt 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=total-debt&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();