Buyback yield (TTM)
1.94%
Shareholder yield (TTM)
3.12%
5Y share count change
-3.6%
Buyback spend (TTM)
$2.69B
Cumulative buybacks
$14.97B
Key takeaways
- Eaton Corporation (ETN) repurchased about $2.69B of stock over the trailing twelve months.
- Diluted share count is down 3.6% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 53.86× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +3.0% per year over the latest 5-year window.
- TTM repurchases used about 88% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Eaton Corporation (ETN)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Eaton Corporation (ETN)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Eaton Corporation (ETN)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Eaton Corporation (ETN)
Latest: $1.86B
Overview
As of the 2025 fiscal year, Eaton Corporation (ETN) reported buyback spend of $1.86B – declined 25.3% year-over-year.
Eaton Corporation buyback spend compound annual growth for the 2020–2025 (5 years) window is +3.0%, with mixed annual results across the window.
Eaton Corporation buyback spend peaked at $2.49B in 2024; the latest annual figure is $1.86B in 2025 (25.3% below peak).
2024 marks the peak buyback spend at $2.49B, with the historical low of $0.00 recorded in 1991.
Eaton Corporation Buyback Spend 2025: $1.86B
Eaton Corporation buyback spend in 2025 was $1.86B, declined 25.3% below 2024.
Eaton Corporation Buyback Spend 2024: $2.49B
Eaton Corporation buyback spend in 2024 was $2.49B.
Eaton Corporation Buyback Spend 2023: $0.00
Eaton Corporation posted buyback spend of $0.00 in 2023, plunged 100.0% below 2022.
Eaton Corporation Buyback Spend 2022: $286.00M
In 2022, Eaton Corporation reported buyback spend of $286.00M, surged 134.4% from 2021.
Eaton Corporation Buyback Spend 2021: $122.00M
Eaton Corporation buyback spend in 2021 was $122.00M.
See more financial history for Eaton Corporation (ETN).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.86B | $50.00M | $1.81B | 1.51% | 0.39B | -2.5% | |
| 2024 | $2.49B | $0.00 | $2.49B | 1.91% | 0.40B | -0.4% | |
| 2023 | $0.00 | $0.00 | $0.00 | — | 0.40B | +0.1% | |
| 2022 | $286.00M | $0.00 | $286.00M | 0.46% | 0.40B | -0.2% | |
| 2021 | $122.00M | $0.00 | $122.00M | 0.18% | 0.40B | -0.6% | |
| 2020 | $1.61B | $0.00 | $1.61B | 3.36% | 0.40B | -4.0% | |
| 2019 | $1.03B | $87.00M | $942.00M | 2.63% | 0.42B | -3.7% | |
| 2018 | $1.27B | $0.00 | $1.27B | 4.31% | 0.44B | -2.3% | |
| 2017 | $850.00M | $0.00 | $850.00M | 2.44% | 0.45B | -2.1% | |
| 2016 | $730.00M | $1.00M | $729.00M | 2.42% | 0.46B | -2.3% | |
| 2015 | $682.00M | $1.00M | $681.00M | 2.84% | 0.47B | -2.0% | |
| 2014 | $650.00M | $20.00M | $630.00M | 2.03% | 0.48B | +0.0% | |
| 2013 | $0.00 | $32.00M | −$32.00M | — | 0.48B | +35.9% | |
| 2012 | $0.00 | $21.00M | −$21.00M | — | 0.35B | +2.4% | |
| 2011 | $343.00M | $0.00 | $343.00M | 2.36% | 0.34B | +1.0% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 0.34B | +1.1% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.34B | +3.5% | |
| 2008 | $100.00M | $0.00 | $100.00M | 1.21% | 0.32B | +8.0% | |
| 2007 | $340.00M | $0.00 | $340.00M | 2.39% | 0.30B | -1.7% | |
| 2006 | $386.00M | $0.00 | $386.00M | 3.45% | 0.31B | -0.7% | |
| 2005 | $450.00M | $0.00 | $450.00M | 4.51% | 0.31B | -2.0% | |
| 2004 | $250.00M | $0.00 | $250.00M | 2.26% | 0.31B | +4.4% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.30B | +5.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.29B | +1.7% | |
| 2001 | $12.00M | $0.00 | $12.00M | 0.23% | 0.28B | -2.9% | |
| 2000 | $417.00M | $0.00 | $417.00M | — | 0.29B | -1.5% | |
| 1999 | $5.00M | $0.00 | $5.00M | — | 0.29B | +1.4% | |
| 1998 | $349.00M | $0.00 | $349.00M | — | 0.29B | -7.0% | |
| 1997 | $315.00M | $0.00 | $315.00M | — | 0.31B | +0.9% | |
| 1996 | $63.00M | $0.00 | $63.00M | — | 0.31B | — | |
| 1995 | $40.00M | $0.00 | $40.00M | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $150.00M | $0.00 | $150.00M | — | — | — | |
| 1989 | $166.60M | $0.00 | $166.60M | — | — | — |
- 2025$1.86B
- 2024$2.49B
- 2023$0.00
- 2022$286.00M
- 2021$122.00M
- 2020$1.61B
- 2019$1.03B
- 2018$1.27B
- 2017$850.00M
- 2016$730.00M
- 2015$682.00M
- 2014$650.00M
- 2013$0.00
- 2012$0.00
- 2011$343.00M
- 2010$0.00
- 2009$0.00
- 2008$100.00M
- 2007$340.00M
- 2006$386.00M
- 2005$450.00M
- 2004$250.00M
- 2003$0.00
- 2002$0.00
- 2001$12.00M
- 2000$417.00M
- 1999$5.00M
- 1998$349.00M
- 1997$315.00M
- 1996$63.00M
- 1995$40.00M
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$150.00M
- 1989$166.60M
Buybacks vs stock-based compensation for Eaton Corporation (ETN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 53.86×.
Buybacks vs dividends (share of cash returned) for Eaton Corporation (ETN)
How Eaton Corporation splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Eaton Corporation, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $3.80B | |
| $2.68B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $3.05B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation