Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Nearly a full year of sales is already ordered
Firm backlog equals 95.5% of last year's net sales, and orders still outpace shipments in every segment that reports them.
For investorsWhat has to go right for the order book to become profit?
For foundersSelling the system, not the part: how Eaton builds staying power
Sales rose 28.03% but pre-tax income only 7.45%, as interest expense nearly tripled after borrowing for acquisitions.
Free cash flow fell to $1.03B from $1.17B as capital spending rose to build production capacity.
Systems make up 69.5% of Electrical Americas sales, and a system specified into a project is hard to swap out.
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Business Lens describes Eaton Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
