Eaton reported $27.4 billion in 2025 revenue, driven by demand for power management and data center infrastructure.
Eaton reported nearly $27.4 billion in revenue for fiscal year 2025, a 10.3% increase from the previous year. The company’s focus on electrical infrastructure and aerospace segments contributed to the growth, following its divestiture of the Mobility Group to Dana in 2026.
Net income reached approximately $4.1 billion, reflecting a 14.9% net margin. This follows a net income of $3.2 billion in 2023, continuing an upward trend. However, customer concentration remains a risk, with 22% of Electrical segment sales tied to six large customers in 2025.
Eaton’s performance contrasts with Vertiv, which specializes in cooling and power systems for digital infrastructure. Both companies benefit from long-term electrification and AI-driven demand.