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Side-by-side financial comparison of Eaton Corporation (ETN) and PayPal (PYPL). Click either name above to swap in a different company.
PayPal is the larger business by last-quarter revenue ($8.7B vs $7.1B, roughly 1.2× Eaton Corporation). PayPal runs the higher net margin — 16.6% vs 16.0%, a 0.5% gap on every dollar of revenue. On growth, Eaton Corporation posted the faster year-over-year revenue change (13.1% vs 3.7%). PayPal produced more free cash flow last quarter ($2.2B vs $1.6B). Over the past eight quarters, Eaton Corporation's revenue compounded faster (9.0% CAGR vs 6.2%).
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.
PayPalPYPLEarnings & Financial Report
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.
ETN vs PYPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1B | $8.7B |
| Net Profit | $1.1B | $1.4B |
| Gross Margin | 36.8% | — |
| Operating Margin | 18.3% | 17.4% |
| Net Margin | 16.0% | 16.6% |
| Revenue YoY | 13.1% | 3.7% |
| Net Profit YoY | 16.5% | 28.2% |
| EPS (diluted) | $2.90 | $1.53 |
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.
| Q4 25 | $7.1B | $8.7B | ||
| Q3 25 | $7.0B | $8.4B | ||
| Q2 25 | $7.0B | $8.3B | ||
| Q1 25 | $6.4B | $7.8B | ||
| Q4 24 | $6.2B | $8.4B | ||
| Q3 24 | $6.3B | $7.8B | ||
| Q2 24 | $6.3B | $7.9B | ||
| Q1 24 | $5.9B | $7.7B |
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $982.0M | $1.3B | ||
| Q1 25 | $964.0M | $1.3B | ||
| Q4 24 | $971.0M | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $993.0M | $1.1B | ||
| Q1 24 | $821.0M | $888.0M |
| Q4 25 | 36.8% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 38.4% | — | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 38.0% | — | ||
| Q1 24 | 37.3% | — |
| Q4 25 | 18.3% | 17.4% | ||
| Q3 25 | 18.2% | 18.1% | ||
| Q2 25 | 16.9% | 18.1% | ||
| Q1 25 | 18.5% | 19.6% | ||
| Q4 24 | 18.7% | 17.2% | ||
| Q3 24 | 19.0% | 17.7% | ||
| Q2 24 | 18.8% | 16.8% | ||
| Q1 24 | 16.8% | 15.2% |
| Q4 25 | 16.0% | 16.6% | ||
| Q3 25 | 14.5% | 14.8% | ||
| Q2 25 | 14.0% | 15.2% | ||
| Q1 25 | 15.1% | 16.5% | ||
| Q4 24 | 15.6% | 13.4% | ||
| Q3 24 | 15.9% | 12.9% | ||
| Q2 24 | 15.6% | 14.3% | ||
| Q1 24 | 13.8% | 11.5% |
| Q4 25 | $2.90 | $1.53 | ||
| Q3 25 | $2.59 | $1.30 | ||
| Q2 25 | $2.51 | $1.29 | ||
| Q1 25 | $2.45 | $1.29 | ||
| Q4 24 | $2.45 | $1.09 | ||
| Q3 24 | $2.53 | $0.99 | ||
| Q2 24 | $2.48 | $1.08 | ||
| Q1 24 | $2.04 | $0.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $803.0M | $10.4B |
| Total DebtLower is stronger | $8.8B | — |
| Stockholders' EquityBook value | $19.4B | $20.3B |
| Total Assets | $41.3B | $80.2B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $803.0M | $10.4B | ||
| Q3 25 | $565.0M | $10.8B | ||
| Q2 25 | $584.0M | $10.0B | ||
| Q1 25 | $1.9B | $11.2B | ||
| Q4 24 | $2.1B | $10.8B | ||
| Q3 24 | $2.0B | $11.9B | ||
| Q2 24 | $2.8B | $13.6B | ||
| Q1 24 | $2.4B | $14.3B |
| 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 | — |
| Q4 25 | $19.4B | $20.3B | ||
| Q3 25 | $18.8B | $20.2B | ||
| Q2 25 | $18.6B | $20.2B | ||
| Q1 25 | $18.5B | $20.3B | ||
| Q4 24 | $18.5B | $20.4B | ||
| Q3 24 | $19.1B | $20.2B | ||
| Q2 24 | $19.2B | $20.6B | ||
| Q1 24 | $19.3B | $20.7B |
| Q4 25 | $41.3B | $80.2B | ||
| Q3 25 | $40.6B | $79.8B | ||
| Q2 25 | $40.5B | $79.8B | ||
| Q1 25 | $39.2B | $81.3B | ||
| Q4 24 | $38.4B | $81.6B | ||
| Q3 24 | $39.2B | $83.5B | ||
| Q2 24 | $39.4B | $84.0B | ||
| Q1 24 | $38.5B | $83.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $2.4B |
| Free Cash FlowOCF − Capex | $1.6B | $2.2B |
| FCF MarginFCF / Revenue | 22.3% | 25.2% |
| Capex IntensityCapex / Revenue | 5.6% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.74× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $5.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $918.0M | $898.0M | ||
| Q1 25 | $238.0M | $1.2B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $946.0M | $1.5B | ||
| Q1 24 | $475.0M | $1.9B |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $716.0M | $692.0M | ||
| Q1 25 | $91.0M | $964.0M | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $759.0M | $1.4B | ||
| Q1 24 | $292.0M | $1.8B |
| Q4 25 | 22.3% | 25.2% | ||
| Q3 25 | 16.8% | 20.4% | ||
| Q2 25 | 10.2% | 8.3% | ||
| Q1 25 | 1.4% | 12.4% | ||
| Q4 24 | 21.5% | 26.2% | ||
| Q3 24 | 17.7% | 18.4% | ||
| Q2 24 | 12.0% | 17.3% | ||
| Q1 24 | 4.9% | 22.9% |
| Q4 25 | 5.6% | 2.2% | ||
| Q3 25 | 2.5% | 3.0% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 2.3% | 2.5% | ||
| Q4 24 | 4.1% | 2.4% | ||
| Q3 24 | 2.9% | 2.2% | ||
| Q2 24 | 2.9% | 2.0% | ||
| Q1 24 | 3.1% | 2.0% |
| Q4 25 | 1.74× | 1.66× | ||
| Q3 25 | 1.34× | 1.58× | ||
| Q2 25 | 0.93× | 0.71× | ||
| Q1 25 | 0.25× | 0.90× | ||
| Q4 24 | 1.64× | 2.14× | ||
| Q3 24 | 1.30× | 1.60× | ||
| Q2 24 | 0.95× | 1.35× | ||
| Q1 24 | 0.58× | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
