ETN
Eaton Corporation plc
ETN has a slight edge over RDW overall, supported by lower modeled downside and stronger modeled upside.
RDW
Redwire Corporation
RDW offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ETN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Under pressure |
ETN's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ETN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 22x | $359 | — |
| Cheap | 26x | $261 | -27% |
| Fair | 33x | $327 | -8.8% |
| Current | 36x | $359 | — |
| Expensive | 39x | $388 | +8% |
Historical ranges are pointers, not guarantees.
ETN's PE is in its expensive range at 36x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its cheap range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
ETN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ETN, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
ETN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.99 | +60% |
| Q3 2026 | $10.00 | 0% |
| Q2 2026 | $9.82 | -1.2% |
| Q1 2026 | $10.22 | +3.1% |
| Q4 2025 | $10.45 | +10% |
| Q3 2025 | $10.00 | +6.4% |
| Q2 2025 | $9.94 | +9.4% |
| Q1 2025 | $9.91 | +17% |
| Q4 2024 | $9.50 | +18% |
ETN has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
ETN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.9B | +28% |
| Q2 2026 | $8.5B | +21% |
| Q1 2026 | $7.5B | +17% |
| Q4 2025 | $7.1B | +13% |
| Q3 2025 | $7B | +10% |
| Q2 2025 | $7B | +11% |
| Q1 2025 | $6.4B | +7.3% |
| Q4 2024 | $6.2B | +4.6% |
ETN's revenue has grown year over year for 17 quarters in a row: $8.9B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | -2.9 points |
| Q2 2026 | 13% | -3.5 points |
| Q1 2026 | 15% | -3.6 points |
| Q4 2025 | 18% | -0.3 points |
| Q3 2025 | 18% | -0.7 points |
| Q2 2025 | 17% | -1.9 points |
| Q1 2025 | 18% | +1.6 points |
| Q4 2024 | 19% | +0.5 points |
ETN has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
ETN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1B | -12% |
| Q2 2026 | $874M | +22% |
| Q1 2026 | $314M | +245% |
| Q4 2025 | $1.6B | +17% |
| Q3 2025 | $1.2B | +4.2% |
| Q2 2025 | $716M | -5.7% |
| Q1 2025 | $91M | -69% |
| Q4 2024 | $1.3B | +27% |
ETN has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
ETN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +100K shares |
| 1 year | -0.1% | -500K shares |
| 3 years | -3% | -12M shares |
| 5 years | -3.1% | -12.3M shares |
| Available history | -7.4% | -31.2M shares |
ETN has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $193M |
| Q3 2025 | $362M |
| Q2 2025 | $692M |
| Q1 2025 | $615M |
| Q4 2024 | $877M |
ETN spent $193M buying back its own shares over the past year, down 92% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ETN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.1x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.6x | Healthy |
ETN's net debt is about 3.1 years of its operating earnings (EBITDA), up from 1.8 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ETN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 14.6 | Oversold |
ETN's weekly RSI is 40 (neutral) and its Stochastic is 15 (oversold).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
ETN PE vs Industrials Sector
| Metric | ETN | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 49% above |
| PE % | 66 | 58 | 8 pts above |
ETN is trading at 36x earnings, a 49% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
ETN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $391.7 | 8.3% below |
| 20 week MA | $407.1 | 12% below |
| 50 week MA | $385.7 | 6.9% below |
| 100 week MA | $360.6 | 0.4% below |
| 200 week MA | $307.9 | 17% above |
ETN has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
ETN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $95.0 | $118.1 | +24% |
| 2021 | $118.1 | $168.0 | +42% |
| 2022 | $168.0 | $156.8 | -6.7% |
| 2023 | $156.8 | $240.8 | +54% |
| 2024 | $240.8 | $334.6 | +39% |
| 2025 | $334.6 | $322.2 | -3.7% |
| 2026 YTD | $322.2 | $359.0 | +11% |
ETN has finished higher in four of the last six years. It's up 11% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over ETN on returns for 2026, with the stronger performance.