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Side-by-side financial comparison of Eaton Corporation (ETN) and Kenvue (KVUE). Click either name above to swap in a different company.

Eaton Corporation is the larger business by last-quarter revenue ($7.1B vs $3.8B, roughly 1.9× Kenvue). Eaton Corporation runs the higher net margin — 16.0% vs 8.7%, a 7.3% gap on every dollar of revenue. On growth, Eaton Corporation posted the faster year-over-year revenue change (13.1% vs 3.2%). Eaton Corporation produced more free cash flow last quarter ($1.6B vs $744.0M). Over the past eight quarters, Eaton Corporation's revenue compounded faster (9.0% CAGR vs -1.5%).

Eaton Corporation plc is an Irish multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.

Kenvue Inc. is an American consumer health company. Formerly the Consumer Healthcare division of Johnson & Johnson, Kenvue owns well-known brands such as Aveeno, Band-Aid, Benadryl, Combantrin, Zyrtec, Johnson's, Listerine, Lactaid, Mylanta, Neutrogena, Trosyd, Calpol, Tylenol, and Visine. Kenvue is incorporated in Delaware and was originally headquartered in the Skillman section of Montgomery Township, New Jersey, before relocating to Summit, New Jersey.

ETN vs KVUE — Head-to-Head

Bigger by revenue
ETN
ETN
1.9× larger
ETN
$7.1B
$3.8B
KVUE
Growing faster (revenue YoY)
ETN
ETN
+9.8% gap
ETN
13.1%
3.2%
KVUE
Higher net margin
ETN
ETN
7.3% more per $
ETN
16.0%
8.7%
KVUE
More free cash flow
ETN
ETN
$829.0M more FCF
ETN
$1.6B
$744.0M
KVUE
Faster 2-yr revenue CAGR
ETN
ETN
Annualised
ETN
9.0%
-1.5%
KVUE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ETN
ETN
KVUE
KVUE
Revenue
$7.1B
$3.8B
Net Profit
$1.1B
$330.0M
Gross Margin
36.8%
56.5%
Operating Margin
18.3%
14.2%
Net Margin
16.0%
8.7%
Revenue YoY
13.1%
3.2%
Net Profit YoY
16.5%
12.6%
EPS (diluted)
$2.90
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ETN
ETN
KVUE
KVUE
Q4 25
$7.1B
$3.8B
Q3 25
$7.0B
$3.8B
Q2 25
$7.0B
$3.8B
Q1 25
$6.4B
$3.7B
Q4 24
$6.2B
$3.7B
Q3 24
$6.3B
$3.9B
Q2 24
$6.3B
$4.0B
Q1 24
$5.9B
$3.9B
Net Profit
ETN
ETN
KVUE
KVUE
Q4 25
$1.1B
$330.0M
Q3 25
$1.0B
$398.0M
Q2 25
$982.0M
$420.0M
Q1 25
$964.0M
$322.0M
Q4 24
$971.0M
$293.0M
Q3 24
$1.0B
$383.0M
Q2 24
$993.0M
$58.0M
Q1 24
$821.0M
$296.0M
Gross Margin
ETN
ETN
KVUE
KVUE
Q4 25
36.8%
56.5%
Q3 25
38.3%
59.1%
Q2 25
37.0%
58.9%
Q1 25
38.4%
58.0%
Q4 24
38.9%
56.5%
Q3 24
38.6%
58.5%
Q2 24
38.0%
59.1%
Q1 24
37.3%
57.6%
Operating Margin
ETN
ETN
KVUE
KVUE
Q4 25
18.3%
14.2%
Q3 25
18.2%
16.7%
Q2 25
16.9%
18.0%
Q1 25
18.5%
14.9%
Q4 24
18.7%
13.2%
Q3 24
19.0%
16.8%
Q2 24
18.8%
3.9%
Q1 24
16.8%
14.1%
Net Margin
ETN
ETN
KVUE
KVUE
Q4 25
16.0%
8.7%
Q3 25
14.5%
10.6%
Q2 25
14.0%
10.9%
Q1 25
15.1%
8.6%
Q4 24
15.6%
8.0%
Q3 24
15.9%
9.8%
Q2 24
15.6%
1.5%
Q1 24
13.8%
7.6%
EPS (diluted)
ETN
ETN
KVUE
KVUE
Q4 25
$2.90
$0.16
Q3 25
$2.59
$0.21
Q2 25
$2.51
$0.22
Q1 25
$2.45
$0.17
Q4 24
$2.45
$0.16
Q3 24
$2.53
$0.20
Q2 24
$2.48
$0.03
Q1 24
$2.04
$0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ETN
ETN
KVUE
KVUE
Cash + ST InvestmentsLiquidity on hand
$803.0M
$1.1B
Total DebtLower is stronger
$8.8B
Stockholders' EquityBook value
$19.4B
$10.8B
Total Assets
$41.3B
$27.1B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETN
ETN
KVUE
KVUE
Q4 25
$803.0M
$1.1B
Q3 25
$565.0M
$1.1B
Q2 25
$584.0M
$1.1B
Q1 25
$1.9B
$1.1B
Q4 24
$2.1B
$1.1B
Q3 24
$2.0B
$1.1B
Q2 24
$2.8B
$1.0B
Q1 24
$2.4B
$1.2B
Total Debt
ETN
ETN
KVUE
KVUE
Q4 25
$8.8B
Q3 25
$8.8B
Q2 25
$8.8B
Q1 25
$7.6B
Q4 24
$8.5B
Q3 24
$8.7B
Q2 24
$8.6B
Q1 24
$8.2B
Stockholders' Equity
ETN
ETN
KVUE
KVUE
Q4 25
$19.4B
$10.8B
Q3 25
$18.8B
$10.6B
Q2 25
$18.6B
$10.7B
Q1 25
$18.5B
$10.1B
Q4 24
$18.5B
$9.7B
Q3 24
$19.1B
$10.6B
Q2 24
$19.2B
$10.2B
Q1 24
$19.3B
$10.6B
Total Assets
ETN
ETN
KVUE
KVUE
Q4 25
$41.3B
$27.1B
Q3 25
$40.6B
$27.2B
Q2 25
$40.5B
$27.1B
Q1 25
$39.2B
$26.3B
Q4 24
$38.4B
$25.6B
Q3 24
$39.2B
$26.9B
Q2 24
$39.4B
$26.4B
Q1 24
$38.5B
$27.3B
Debt / Equity
ETN
ETN
KVUE
KVUE
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.47×
Q1 25
0.41×
Q4 24
0.46×
Q3 24
0.45×
Q2 24
0.45×
Q1 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ETN
ETN
KVUE
KVUE
Operating Cash FlowLast quarter
$2.0B
$854.0M
Free Cash FlowOCF − Capex
$1.6B
$744.0M
FCF MarginFCF / Revenue
22.3%
19.7%
Capex IntensityCapex / Revenue
5.6%
2.9%
Cash ConversionOCF / Net Profit
1.74×
2.59×
TTM Free Cash FlowTrailing 4 quarters
$3.6B
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETN
ETN
KVUE
KVUE
Q4 25
$2.0B
$854.0M
Q3 25
$1.4B
$294.0M
Q2 25
$918.0M
$621.0M
Q1 25
$238.0M
$428.0M
Q4 24
$1.6B
$793.0M
Q3 24
$1.3B
$249.0M
Q2 24
$946.0M
$440.0M
Q1 24
$475.0M
$287.0M
Free Cash Flow
ETN
ETN
KVUE
KVUE
Q4 25
$1.6B
$744.0M
Q3 25
$1.2B
$196.0M
Q2 25
$716.0M
$533.0M
Q1 25
$91.0M
$249.0M
Q4 24
$1.3B
$661.0M
Q3 24
$1.1B
$190.0M
Q2 24
$759.0M
$350.0M
Q1 24
$292.0M
$134.0M
FCF Margin
ETN
ETN
KVUE
KVUE
Q4 25
22.3%
19.7%
Q3 25
16.8%
5.2%
Q2 25
10.2%
13.9%
Q1 25
1.4%
6.7%
Q4 24
21.5%
18.1%
Q3 24
17.7%
4.9%
Q2 24
12.0%
8.8%
Q1 24
4.9%
3.4%
Capex Intensity
ETN
ETN
KVUE
KVUE
Q4 25
5.6%
2.9%
Q3 25
2.5%
2.6%
Q2 25
2.9%
2.3%
Q1 25
2.3%
4.8%
Q4 24
4.1%
3.6%
Q3 24
2.9%
1.5%
Q2 24
2.9%
2.3%
Q1 24
3.1%
3.9%
Cash Conversion
ETN
ETN
KVUE
KVUE
Q4 25
1.74×
2.59×
Q3 25
1.34×
0.74×
Q2 25
0.93×
1.48×
Q1 25
0.25×
1.33×
Q4 24
1.64×
2.71×
Q3 24
1.30×
0.65×
Q2 24
0.95×
7.59×
Q1 24
0.58×
0.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ETN
ETN

Other$1.8B26%
Electrical Global Segment$1.7B24%
Aerospace Segment$1.1B16%
Vehicle Segment$586.0M8%
Original Equipment Manufacturers$438.0M6%
Aftermarket Distribution And End User$403.0M6%
Commercial$341.0M5%
Industrialand Other$269.0M4%
Passenger And Light Duty$244.0M3%
E Mobility Segment$124.0M2%

KVUE
KVUE

Self Care$1.6B42%
Essential Health$1.1B30%
Skin Health And Beauty$1.0B28%

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