ETN
Eaton Corporation plc
ETN has lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over ETN overall, supported by stronger valuation and stronger fundamentals.
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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over ETN in the historical PE scenario, which offers more potential upside but is not a forecast.
ETN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ETN, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
ETN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.98 | +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 earned $10.00 per share over the past year, about the same as the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over ETN on earnings, with more consistent year-over-year improvement.
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's operating margin was 15% last quarter, down 2.9 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over ETN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over ETN on profitability, with a higher operating margin.
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 generated $3.8B in free cash flow over the past year, up 14% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over ETN on cash flow, with more consistent year-over-year improvement.
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 VRT 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.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over ETN on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
ETN PE vs Industrials Sector
| Metric | ETN | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 24x | 49% above |
| PE % | 66 | 58 | 8 pts above |
ETN has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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 fallen below most of its moving averages, though it's still 17% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over ETN on trend strength, trading above more of its moving averages.
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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over ETN on returns for 2026, with the stronger performance.