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DC Infra·ETN

Eaton Corporation plc

NYSE · IE

Electrical equipment company supplying switchgear, UPS, busway, power distribution, and grid equipment for critical facilities.

AI relevance

Major power-chain supplier for AI data centers and grid-connected critical infrastructure.

DC Infra Grid

Price

$421.77

Change

+12.13 (+2.96%)

Market cap

$163.8B

52w range

$312–$435

Exchange

NYSE

Country

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Price chart

ETN market performance

Daily close for Eaton Corporation plc

Latest close: $421.8
Range move: +$86.91 (+26.0%)
Range high: $433.0
Range low: $315.8
Latest volume: 3.7M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

76 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$431.88

+2.4%

Target range

$350.00 - $500.00

Rating mix

Buy

39 ratings

Next FY revenue

$32.12B

2026-12-31

Next FY EPS

$13.34

$13.27 - $13.44

Rating consensus39 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$32.12B	$30.01B - $32.68B	$13.34	$13.27 - $13.44	$6.74B	$5.47B	$5.20B	$4.87B	19 rev / 16 EPS
2027-12-31	$35.47B	$32.53B - $37.35B	$15.66	$14.40 - $16.36	$7.44B	$6.04B	$5.68B	$5.38B	19 rev / 16 EPS
2028-12-31	$38.56B	$38.51B - $38.61B	$17.94	$17.42 - $18.47	$8.09B	$6.57B	$6.99B	$5.85B	11 rev / 5 EPS
2029-12-31	$42.63B	$39.19B - $44.34B	$21.76	$19.47 - $22.89	$8.95B	$7.26B	$8.47B	$6.46B	5 rev / 1 EPS
2030-12-31	$44.03B	$40.48B - $45.79B	$23.57	$21.10 - $24.80	$9.24B	$7.50B	$9.18B	$6.67B	5 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$8.16B	$7.54B - $8.36B	$3.07	$3.03 - $3.10	$1.71B	$1.39B	$1.19B	$1.24B	13 rev / 15 EPS
2026-09-30	$8.25B	$7.79B - $8.43B	$3.50	$3.43 - $3.62	$1.73B	$1.41B	$1.36B	$1.25B	13 rev / 15 EPS
2026-12-31	$8.33B	$7.69B - $8.53B	$3.94	$3.55 - $4.07	$1.75B	$1.42B	$1.53B	$1.26B	6 rev / 10 EPS
2027-03-31	$8.45B	$7.80B - $8.65B	$3.54	$3.19 - $3.66	$1.77B	$1.44B	$1.38B	$1.28B	6 rev / 6 EPS
2027-06-30	$8.95B	$8.27B - $9.17B	$3.90	$3.51 - $4.02	$1.88B	$1.53B	$1.52B	$1.36B	6 rev / 6 EPS
2027-09-30	$9.07B	$8.38B - $9.29B	$4.17	$3.76 - $4.30	$1.90B	$1.55B	$1.62B	$1.38B	6 rev / 6 EPS
2027-12-31	$9.14B	$8.44B - $9.36B	$4.32	$3.89 - $4.46	$1.92B	$1.56B	$1.68B	$1.39B	6 rev / 6 EPS
2028-03-31	$8.82B	$8.14B - $9.03B	$3.96	$3.56 - $4.08	$1.85B	$1.50B	$1.54B	$1.34B	5 rev / 7 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	5	$469.00
Last year	21	$412.00
All time	72	$285.29

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-06	RBC Capital	Maintain	Outperform	Outperform
2026-05-06	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-05-06	JP Morgan	Maintain	Overweight	Overweight
2026-05-06	Keybanc	Maintain	Overweight	Overweight
2026-05-06	Citigroup	Maintain	Buy	Buy
2026-05-06	Barclays	Maintain	Equal Weight	Equal Weight
2026-04-13	Citigroup	Maintain	Buy	Buy
2026-04-01	Wells Fargo	Maintain	Equal Weight	Equal Weight

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	6	16	6	1
2026-05-01	7	16	6	1
2026-04-01	7	16	7	1
2026-03-01	7	16	7	1
2026-02-01	7	15	8	1
2026-01-01	7	15	9	1
2025-12-01	7	14	8	1
2025-11-01	7	15	8	1

FinancialsFY 2025

Financials

Revenue

$27.45B

Gross margin

37.6%

Operating income

$5.23B

Free cash flow

$3.55B

Cash + ST investments

$803.0M

Net debt

$10.55B

ROE

21.1%

ROIC

13.1%

EV / sales

4.9x

EV / EBITDA

22.6x

R&D / revenue

2.9%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$27.45B	$10.32B	37.6%	$796.0M	$5.23B	$5.95B	$4.09B	$10.49
FY 2024	$24.88B	$9.50B	38.2%	$794.0M	$4.87B	$5.63B	$3.79B	$9.54
FY 2023	$23.20B	$8.43B	36.4%	$754.0M	$4.00B	$4.96B	$3.22B	$8.06
FY 2022	$20.75B	$6.91B	33.3%	$665.0M	$3.24B	$3.95B	$2.46B	$6.18
FY 2021	$19.63B	$6.32B	32.2%	$616.0M	$2.87B	$3.96B	$2.14B	$5.38
FY 2020	$17.86B	$5.45B	30.5%	$551.0M	$2.32B	$2.78B	$1.41B	$3.51
FY 2019	$21.39B	$7.05B	33.0%	$606.0M	$3.06B	$3.71B	$2.21B	$5.28
FY 2018	$21.61B	$7.11B	32.9%	$584.0M	$2.98B	$3.60B	$2.15B	$4.94
FY 2017	$20.40B	$6.67B	32.7%	$584.0M	$2.67B	$4.53B	$2.98B	$6.71
FY 2016	$19.75B	$6.35B	32.1%	$589.0M	$2.47B	$3.28B	$1.92B	$4.21
FY 2015	$20.86B	$6.55B	31.4%	$625.0M	$2.50B	$3.30B	$1.98B	$4.23
FY 2014	$22.55B	$6.90B	30.6%	$647.0M	$2.60B	$2.97B	$1.79B	$3.78

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$4.47B	$919.0M	$3.55B
FY 2024	$4.33B	$808.0M	$3.52B
FY 2023	$3.62B	$757.0M	$2.87B
FY 2022	$2.53B	$598.0M	$1.94B
FY 2021	$2.16B	$575.0M	$1.59B
FY 2020	$2.94B	$389.0M	$2.56B
FY 2019	$3.45B	$587.0M	$2.86B
FY 2018	$2.66B	$565.0M	$2.09B
FY 2017	$2.67B	$520.0M	$2.15B
FY 2016	$2.57B	$497.0M	$2.07B
FY 2015	$2.41B	$506.0M	$1.90B
FY 2014	$1.88B	$632.0M	$1.25B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$803.0M	$5.39B	$4.72B	$5.08B	$41.25B	$11.17B	$10.55B	$21.78B	$19.43B
FY 2024	$2.08B	$4.62B	$4.23B	$4.54B	$38.38B	$9.82B	$9.27B	$19.85B	$18.49B
FY 2023	$2.61B	$4.47B	$3.74B	$4.18B	$38.43B	$9.80B	$9.31B	$19.36B	$19.04B
FY 2022	$555.0M	$4.08B	$3.43B	$3.72B	$35.03B	$9.11B	$8.82B	$17.95B	$17.04B
FY 2021	$568.0M	$3.30B	$2.97B	$3.51B	$34.03B	$8.92B	$8.62B	$17.58B	$16.41B
FY 2020	$1.10B	$2.90B	$2.11B	$3.39B	$31.82B	$8.38B	$7.95B	$16.85B	$14.93B
FY 2019	$591.0M	$3.44B	$2.81B	$3.93B	$32.80B	$8.65B	$8.28B	$16.67B	$16.08B
FY 2018	$440.0M	$3.86B	$2.79B	$3.47B	$31.09B	$7.52B	$7.24B	$14.95B	$16.11B
FY 2017	$1.09B	$3.94B	$2.62B	$3.50B	$32.60B	$7.75B	$7.19B	$15.31B	$17.25B
FY 2016	$746.0M	$3.56B	$2.25B	$3.44B	$30.42B	$8.28B	$7.73B	$15.48B	$14.90B
FY 2015	$445.0M	$3.48B	$2.32B	$3.56B	$31.03B	$8.45B	$8.18B	$15.80B	$15.19B
FY 2014	$1.03B	$3.67B	$2.43B	$3.75B	$33.53B	$9.03B	$8.25B	$17.69B	$15.79B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	37.6%	19.1%	14.9%	1.3x	0.8x	21.1%	13.1%	4.9x	22.6x	2.9%	2.9%	83d
FY 2024	38.2%	19.6%	15.3%	1.5x	1.0x	20.5%	13.0%	5.7x	25.1x	2.7%	3.2%	81d
FY 2023	36.4%	17.2%	13.9%	1.5x	1.0x	16.9%	10.6%	4.5x	21.3x	3.0%	3.3%	80d
FY 2022	33.3%	15.6%	11.9%	1.4x	0.8x	14.5%	9.5%	3.4x	18.1x	3.1%	3.2%	81d
FY 2021	32.2%	14.6%	10.9%	1.0x	0.6x	13.1%	7.4%	3.9x	19.6x	2.3%	3.1%	66d
FY 2020	30.5%	13.0%	7.9%	1.6x	1.2x	9.4%	7.0%	3.2x	20.3x	5.3%	3.1%	63d
FY 2019	33.0%	14.3%	10.3%	1.7x	1.2x	13.7%	9.3%	2.2x	12.9x	7.2%	2.8%	76d
FY 2018	32.9%	13.8%	9.9%	1.5x	0.9x	13.3%	9.9%	1.7x	10.3x	7.0%	2.7%	82d
FY 2017	32.7%	13.1%	14.6%	1.6x	1.1x	17.3%	8.4%	2.1x	9.3x	6.1%	2.9%	83d
FY 2016	32.1%	12.5%	9.7%	1.3x	0.9x	12.9%	8.4%	1.9x	11.7x	6.8%	3.0%	80d
FY 2015	31.4%	12.0%	9.5%	1.4x	0.9x	13.0%	8.5%	1.6x	9.8x	7.9%	3.0%	75d
FY 2014	30.6%	11.5%	8.0%	1.5x	1.1x	11.4%	8.9%	1.8x	13.6x	3.9%	2.9%	71d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+10.3%	+8.6%	+0.3%	+7.5%	+7.8%	+10.0%	+1.0%	-13.7%	-61.4%	+11.7%	+7.5%	+13.7%
FY 2024	+7.3%	+12.6%	+5.3%	+21.8%	+17.9%	+18.4%	+22.7%	-6.7%	-20.3%	+13.1%	-0.1%	+0.2%
FY 2023	+11.8%	+22.1%	+13.4%	+23.3%	+30.7%	+30.4%	+48.2%	-26.6%	+370.1%	+9.0%	+9.7%	+7.5%
FY 2022	+5.7%	+9.4%	+8.0%	+12.9%	+14.8%	+14.9%	+21.9%	-4.0%	-2.3%	+15.5%	+2.9%	+2.2%
FY 2021	+9.9%	+16.0%	+11.8%	+23.7%	+52.1%	+53.3%	-37.8%	-47.8%	-48.5%	+40.8%	+6.9%	+6.3%
FY 2020	-16.5%	-22.8%	-9.1%	-24.2%	-36.2%	-33.5%	-10.8%	+33.7%	+86.5%	-24.8%	-3.0%	-3.1%
FY 2019	-1.0%	-0.9%	+3.8%	+2.6%	+3.1%	+6.9%	+36.8%	-3.9%	+34.3%	+0.7%	+5.5%	+15.1%
FY 2018	+5.9%	+6.7%	0.0%	+11.5%	-28.1%	-26.4%	-2.5%	-8.7%	-59.8%	+6.3%	-4.6%	-3.0%
FY 2017	+3.3%	+5.0%	-0.8%	+8.4%	+55.3%	+59.4%	+3.5%	-4.6%	+46.8%	+16.2%	+7.2%	-6.4%
FY 2016	-5.3%	-3.1%	-5.8%	-1.4%	-2.9%	-0.5%	+8.9%	+1.8%	+67.6%	-3.0%	-2.0%	-2.0%
FY 2015	-7.5%	-5.1%	-3.4%	-3.7%	+10.4%	+11.9%	+52.7%	+19.9%	-56.6%	-4.3%	-7.5%	-6.5%
FY 2014	+2.3%	+3.4%	+0.5%	+12.5%	-3.7%	-3.8%	-25.4%	-2.9%	-40.0%	+1.9%	-5.5%	-5.4%

SegmentsFY 2025

Revenue Mix

Period	Total	Electrical Americas Segment	Electrical Global Segment	Vehicle	Aerospace	Hydraulics	eMobility Segment
FY 2025	$27.46B	$13.28B	$6.82B	$2.50B	$4.25B	--	$618.0M
FY 2024	$24.89B	$11.44B	$6.25B	$2.79B	$3.74B	--	$669.0M
FY 2023	$23.20B	$10.10B	$6.08B	$2.96B	$3.41B	--	$636.0M
FY 2022	$20.75B	$8.50B	$5.85B	$2.83B	$3.04B	--	$538.0M
FY 2021	$19.63B	$7.24B	$5.52B	$2.58B	$2.65B	$1.30B	$343.0M
FY 2020	$17.86B	$6.68B	$4.70B	$2.12B	$2.22B	$1.84B	$292.0M
FY 2019	$21.39B	$6.29B	$7.15B	$3.04B	$2.04B	$2.55B	$321.0M
FY 2018	$21.61B	$6.02B	$7.12B	$3.49B	$1.90B	$2.76B	$320.0M
FY 2017	$20.40B	$5.67B	$7.19B	$3.33B	$1.74B	$2.47B	--
FY 2016	$19.75B	$5.66B	$6.96B	$3.15B	$1.75B	$2.22B	--
FY 2015	$20.86B	$5.93B	$6.98B	$3.68B	$1.81B	$2.46B	--
FY 2014	$22.55B	$6.46B	$7.25B	$4.01B	$1.86B	$2.98B	--

Period	Total	UNITED STATES	Europe	Asia Pacific	Latin America	CANADA
FY 2025	$27.45B	$17.12B	$5.08B	$2.70B	$1.46B	$1.08B
FY 2024	$24.88B	$15.15B	$4.53B	$2.46B	$1.68B	$1.06B
FY 2023	$23.20B	$14.07B	$4.34B	$2.29B	$1.55B	$949.0M
FY 2022	$20.75B	$12.35B	$3.96B	$2.19B	$1.50B	$754.0M
FY 2021	$19.63B	$10.87B	$4.28B	$2.53B	$1.16B	$797.0M
FY 2020	$7.81B	--	$3.82B	$2.30B	$939.0M	$757.0M
FY 2019	$9.05B	--	$4.31B	$2.49B	$1.31B	$941.0M
FY 2018	$21.61B	$12.03B	$4.55B	$2.65B	$1.44B	$931.0M
FY 2017	$20.40B	$11.22B	$4.39B	$2.36B	$1.49B	$942.0M
FY 2016	$19.75B	$10.94B	$4.23B	$2.24B	$1.45B	$898.0M
FY 2015	$20.86B	$11.40B	$4.38B	$2.38B	$1.73B	$969.0M
FY 2014	$22.55B	$11.70B	$5.07B	$2.68B	$1.99B	$1.11B

Transcripts

Events

Next earnings

2026-08-04EPS est $3.07

Recent filings

4252026-06-11
4252026-06-11
4252026-06-11

Latest news

Eaton vs. Rockwell Automation: Which Industrial Tech Stock Leads?
Zacks Investment Research · 2026-06-19
Eaton (ETN) Outpaces Stock Market Gains: What You Should Know
Zacks Investment Research · 2026-06-18

Analyst expectations

Consensus target

$431.88

+2.4%

Target range

$350.00 - $500.00

Rating mix

Buy

39 ratings

Next FY revenue

$32.12B

2026-12-31

Next FY EPS

$13.34

$13.27 - $13.44

Rating consensus39 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$32.12B	$30.01B - $32.68B	$13.34	$13.27 - $13.44	$6.74B	$5.47B	$5.20B	$4.87B	19 rev / 16 EPS
2027-12-31	$35.47B	$32.53B - $37.35B	$15.66	$14.40 - $16.36	$7.44B	$6.04B	$5.68B	$5.38B	19 rev / 16 EPS
2028-12-31	$38.56B	$38.51B - $38.61B	$17.94	$17.42 - $18.47	$8.09B	$6.57B	$6.99B	$5.85B	11 rev / 5 EPS
2029-12-31	$42.63B	$39.19B - $44.34B	$21.76	$19.47 - $22.89	$8.95B	$7.26B	$8.47B	$6.46B	5 rev / 1 EPS
2030-12-31	$44.03B	$40.48B - $45.79B	$23.57	$21.10 - $24.80	$9.24B	$7.50B	$9.18B	$6.67B	5 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$8.16B	$7.54B - $8.36B	$3.07	$3.03 - $3.10	$1.71B	$1.39B	$1.19B	$1.24B	13 rev / 15 EPS
2026-09-30	$8.25B	$7.79B - $8.43B	$3.50	$3.43 - $3.62	$1.73B	$1.41B	$1.36B	$1.25B	13 rev / 15 EPS
2026-12-31	$8.33B	$7.69B - $8.53B	$3.94	$3.55 - $4.07	$1.75B	$1.42B	$1.53B	$1.26B	6 rev / 10 EPS
2027-03-31	$8.45B	$7.80B - $8.65B	$3.54	$3.19 - $3.66	$1.77B	$1.44B	$1.38B	$1.28B	6 rev / 6 EPS
2027-06-30	$8.95B	$8.27B - $9.17B	$3.90	$3.51 - $4.02	$1.88B	$1.53B	$1.52B	$1.36B	6 rev / 6 EPS
2027-09-30	$9.07B	$8.38B - $9.29B	$4.17	$3.76 - $4.30	$1.90B	$1.55B	$1.62B	$1.38B	6 rev / 6 EPS
2027-12-31	$9.14B	$8.44B - $9.36B	$4.32	$3.89 - $4.46	$1.92B	$1.56B	$1.68B	$1.39B	6 rev / 6 EPS
2028-03-31	$8.82B	$8.14B - $9.03B	$3.96	$3.56 - $4.08	$1.85B	$1.50B	$1.54B	$1.34B	5 rev / 7 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	5	$469.00
Last year	21	$412.00
All time	72	$285.29

Sources: TheFly, StreetInsider, Benzinga, Pulse 2.0, TipRanks Contributor

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-06	RBC Capital	Maintain	Outperform	Outperform
2026-05-06	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-05-06	JP Morgan	Maintain	Overweight	Overweight
2026-05-06	Keybanc	Maintain	Overweight	Overweight
2026-05-06	Citigroup	Maintain	Buy	Buy
2026-05-06	Barclays	Maintain	Equal Weight	Equal Weight
2026-04-13	Citigroup	Maintain	Buy	Buy
2026-04-01	Wells Fargo	Maintain	Equal Weight	Equal Weight

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-06-01	6	16	6	1
2026-05-01	7	16	6	1
2026-04-01	7	16	7	1
2026-03-01	7	16	7	1
2026-02-01	7	15	8	1
2026-01-01	7	15	9	1
2025-12-01	7	14	8	1
2025-11-01	7	15	8	1

Financials

Revenue

$27.45B

Gross margin

37.6%

Operating income

$5.23B

Free cash flow

$3.55B

Cash + ST investments

$803.0M

Net debt

$10.55B

ROE

21.1%

ROIC

13.1%

EV / sales

4.9x

EV / EBITDA

22.6x

R&D / revenue

2.9%

Current ratio

1.3x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$27.45B	$10.32B	37.6%	$796.0M	$5.23B	$5.95B	$4.09B	$10.49
FY 2024	$24.88B	$9.50B	38.2%	$794.0M	$4.87B	$5.63B	$3.79B	$9.54
FY 2023	$23.20B	$8.43B	36.4%	$754.0M	$4.00B	$4.96B	$3.22B	$8.06
FY 2022	$20.75B	$6.91B	33.3%	$665.0M	$3.24B	$3.95B	$2.46B	$6.18
FY 2021	$19.63B	$6.32B	32.2%	$616.0M	$2.87B	$3.96B	$2.14B	$5.38
FY 2020	$17.86B	$5.45B	30.5%	$551.0M	$2.32B	$2.78B	$1.41B	$3.51
FY 2019	$21.39B	$7.05B	33.0%	$606.0M	$3.06B	$3.71B	$2.21B	$5.28
FY 2018	$21.61B	$7.11B	32.9%	$584.0M	$2.98B	$3.60B	$2.15B	$4.94
FY 2017	$20.40B	$6.67B	32.7%	$584.0M	$2.67B	$4.53B	$2.98B	$6.71
FY 2016	$19.75B	$6.35B	32.1%	$589.0M	$2.47B	$3.28B	$1.92B	$4.21
FY 2015	$20.86B	$6.55B	31.4%	$625.0M	$2.50B	$3.30B	$1.98B	$4.23
FY 2014	$22.55B	$6.90B	30.6%	$647.0M	$2.60B	$2.97B	$1.79B	$3.78

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$4.47B	$919.0M	$3.55B
FY 2024	$4.33B	$808.0M	$3.52B
FY 2023	$3.62B	$757.0M	$2.87B
FY 2022	$2.53B	$598.0M	$1.94B
FY 2021	$2.16B	$575.0M	$1.59B
FY 2020	$2.94B	$389.0M	$2.56B
FY 2019	$3.45B	$587.0M	$2.86B
FY 2018	$2.66B	$565.0M	$2.09B
FY 2017	$2.67B	$520.0M	$2.15B
FY 2016	$2.57B	$497.0M	$2.07B
FY 2015	$2.41B	$506.0M	$1.90B
FY 2014	$1.88B	$632.0M	$1.25B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$803.0M	$5.39B	$4.72B	$5.08B	$41.25B	$11.17B	$10.55B	$21.78B	$19.43B
FY 2024	$2.08B	$4.62B	$4.23B	$4.54B	$38.38B	$9.82B	$9.27B	$19.85B	$18.49B
FY 2023	$2.61B	$4.47B	$3.74B	$4.18B	$38.43B	$9.80B	$9.31B	$19.36B	$19.04B
FY 2022	$555.0M	$4.08B	$3.43B	$3.72B	$35.03B	$9.11B	$8.82B	$17.95B	$17.04B
FY 2021	$568.0M	$3.30B	$2.97B	$3.51B	$34.03B	$8.92B	$8.62B	$17.58B	$16.41B
FY 2020	$1.10B	$2.90B	$2.11B	$3.39B	$31.82B	$8.38B	$7.95B	$16.85B	$14.93B
FY 2019	$591.0M	$3.44B	$2.81B	$3.93B	$32.80B	$8.65B	$8.28B	$16.67B	$16.08B
FY 2018	$440.0M	$3.86B	$2.79B	$3.47B	$31.09B	$7.52B	$7.24B	$14.95B	$16.11B
FY 2017	$1.09B	$3.94B	$2.62B	$3.50B	$32.60B	$7.75B	$7.19B	$15.31B	$17.25B
FY 2016	$746.0M	$3.56B	$2.25B	$3.44B	$30.42B	$8.28B	$7.73B	$15.48B	$14.90B
FY 2015	$445.0M	$3.48B	$2.32B	$3.56B	$31.03B	$8.45B	$8.18B	$15.80B	$15.19B
FY 2014	$1.03B	$3.67B	$2.43B	$3.75B	$33.53B	$9.03B	$8.25B	$17.69B	$15.79B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	37.6%	19.1%	14.9%	1.3x	0.8x	21.1%	13.1%	4.9x	22.6x	2.9%	2.9%	83d
FY 2024	38.2%	19.6%	15.3%	1.5x	1.0x	20.5%	13.0%	5.7x	25.1x	2.7%	3.2%	81d
FY 2023	36.4%	17.2%	13.9%	1.5x	1.0x	16.9%	10.6%	4.5x	21.3x	3.0%	3.3%	80d
FY 2022	33.3%	15.6%	11.9%	1.4x	0.8x	14.5%	9.5%	3.4x	18.1x	3.1%	3.2%	81d
FY 2021	32.2%	14.6%	10.9%	1.0x	0.6x	13.1%	7.4%	3.9x	19.6x	2.3%	3.1%	66d
FY 2020	30.5%	13.0%	7.9%	1.6x	1.2x	9.4%	7.0%	3.2x	20.3x	5.3%	3.1%	63d
FY 2019	33.0%	14.3%	10.3%	1.7x	1.2x	13.7%	9.3%	2.2x	12.9x	7.2%	2.8%	76d
FY 2018	32.9%	13.8%	9.9%	1.5x	0.9x	13.3%	9.9%	1.7x	10.3x	7.0%	2.7%	82d
FY 2017	32.7%	13.1%	14.6%	1.6x	1.1x	17.3%	8.4%	2.1x	9.3x	6.1%	2.9%	83d
FY 2016	32.1%	12.5%	9.7%	1.3x	0.9x	12.9%	8.4%	1.9x	11.7x	6.8%	3.0%	80d
FY 2015	31.4%	12.0%	9.5%	1.4x	0.9x	13.0%	8.5%	1.6x	9.8x	7.9%	3.0%	75d
FY 2014	30.6%	11.5%	8.0%	1.5x	1.1x	11.4%	8.9%	1.8x	13.6x	3.9%	2.9%	71d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+10.3%	+8.6%	+0.3%	+7.5%	+7.8%	+10.0%	+1.0%	-13.7%	-61.4%	+11.7%	+7.5%	+13.7%
FY 2024	+7.3%	+12.6%	+5.3%	+21.8%	+17.9%	+18.4%	+22.7%	-6.7%	-20.3%	+13.1%	-0.1%	+0.2%
FY 2023	+11.8%	+22.1%	+13.4%	+23.3%	+30.7%	+30.4%	+48.2%	-26.6%	+370.1%	+9.0%	+9.7%	+7.5%
FY 2022	+5.7%	+9.4%	+8.0%	+12.9%	+14.8%	+14.9%	+21.9%	-4.0%	-2.3%	+15.5%	+2.9%	+2.2%
FY 2021	+9.9%	+16.0%	+11.8%	+23.7%	+52.1%	+53.3%	-37.8%	-47.8%	-48.5%	+40.8%	+6.9%	+6.3%
FY 2020	-16.5%	-22.8%	-9.1%	-24.2%	-36.2%	-33.5%	-10.8%	+33.7%	+86.5%	-24.8%	-3.0%	-3.1%
FY 2019	-1.0%	-0.9%	+3.8%	+2.6%	+3.1%	+6.9%	+36.8%	-3.9%	+34.3%	+0.7%	+5.5%	+15.1%
FY 2018	+5.9%	+6.7%	0.0%	+11.5%	-28.1%	-26.4%	-2.5%	-8.7%	-59.8%	+6.3%	-4.6%	-3.0%
FY 2017	+3.3%	+5.0%	-0.8%	+8.4%	+55.3%	+59.4%	+3.5%	-4.6%	+46.8%	+16.2%	+7.2%	-6.4%
FY 2016	-5.3%	-3.1%	-5.8%	-1.4%	-2.9%	-0.5%	+8.9%	+1.8%	+67.6%	-3.0%	-2.0%	-2.0%
FY 2015	-7.5%	-5.1%	-3.4%	-3.7%	+10.4%	+11.9%	+52.7%	+19.9%	-56.6%	-4.3%	-7.5%	-6.5%
FY 2014	+2.3%	+3.4%	+0.5%	+12.5%	-3.7%	-3.8%	-25.4%	-2.9%	-40.0%	+1.9%	-5.5%	-5.4%

Revenue Mix