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Side-by-side financial comparison of Eaton Corporation (ETN) and VALMONT INDUSTRIES INC (VMI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Eaton Corporation is the larger business by last-quarter revenue ($7.1B vs $1.0B, roughly 6.8× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 16.0% vs 16.2%, a 0.1% gap on every dollar of revenue. On growth, Eaton Corporation posted the faster year-over-year revenue change (13.1% vs 0.1%). Eaton Corporation produced more free cash flow last quarter ($1.6B vs $70.4M). Over the past eight quarters, Eaton Corporation's revenue compounded faster (9.0% CAGR vs 3.0%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
ETN vs VMI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $7.1B | $1.0B |
| Net Profit | $1.1B | $168.0M |
| Gross Margin | 36.8% | 29.8% |
| Operating Margin | 18.3% | 11.2% |
| Net Margin | 16.0% | 16.2% |
| Revenue YoY | 13.1% | 0.1% |
| Net Profit YoY | 16.5% | 116.3% |
| EPS (diluted) | $2.90 | $9.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $7.1B | $1.0B | ||
| Q3 25 | $7.0B | $1.0B | ||
| Q2 25 | $7.0B | $1.1B | ||
| Q1 25 | $6.4B | $969.3M | ||
| Q4 24 | $6.2B | $1.0B | ||
| Q3 24 | $6.3B | $1.0B | ||
| Q2 24 | $6.3B | $1.0B | ||
| Q1 24 | $5.9B | $977.8M |
| Q4 25 | $1.1B | $168.0M | ||
| Q3 25 | $1.0B | $99.0M | ||
| Q2 25 | $982.0M | $-4.0M | ||
| Q1 25 | $964.0M | $87.3M | ||
| Q4 24 | $971.0M | $77.7M | ||
| Q3 24 | $1.0B | $83.1M | ||
| Q2 24 | $993.0M | $99.7M | ||
| Q1 24 | $821.0M | $87.8M |
| Q4 25 | 36.8% | 29.8% | ||
| Q3 25 | 38.3% | 30.4% | ||
| Q2 25 | 37.0% | 30.6% | ||
| Q1 25 | 38.4% | 30.0% | ||
| Q4 24 | 38.9% | 30.2% | ||
| Q3 24 | 38.6% | 29.6% | ||
| Q2 24 | 38.0% | 30.8% | ||
| Q1 24 | 37.3% | 31.3% |
| Q4 25 | 18.3% | 11.2% | ||
| Q3 25 | 18.2% | 13.5% | ||
| Q2 25 | 16.9% | 2.8% | ||
| Q1 25 | 18.5% | 13.2% | ||
| Q4 24 | 18.7% | 11.6% | ||
| Q3 24 | 19.0% | 12.3% | ||
| Q2 24 | 18.8% | 14.2% | ||
| Q1 24 | 16.8% | 13.5% |
| Q4 25 | 16.0% | 16.2% | ||
| Q3 25 | 14.5% | 9.5% | ||
| Q2 25 | 14.0% | -0.4% | ||
| Q1 25 | 15.1% | 9.0% | ||
| Q4 24 | 15.6% | 7.5% | ||
| Q3 24 | 15.9% | 8.1% | ||
| Q2 24 | 15.6% | 9.6% | ||
| Q1 24 | 13.8% | 9.0% |
| Q4 25 | $2.90 | $9.02 | ||
| Q3 25 | $2.59 | $4.98 | ||
| Q2 25 | $2.51 | $-1.53 | ||
| Q1 25 | $2.45 | $4.32 | ||
| Q4 24 | $2.45 | $3.85 | ||
| Q3 24 | $2.53 | $4.11 | ||
| Q2 24 | $2.48 | $4.91 | ||
| Q1 24 | $2.04 | $4.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $803.0M | $187.1M |
| Total DebtLower is stronger | $8.8B | $795.7M |
| Stockholders' EquityBook value | $19.4B | $1.6B |
| Total Assets | $41.3B | $3.4B |
| Debt / EquityLower = less leverage | 0.45× | 0.49× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $803.0M | $187.1M | ||
| Q3 25 | $565.0M | $226.1M | ||
| Q2 25 | $584.0M | $208.5M | ||
| Q1 25 | $1.9B | $184.4M | ||
| Q4 24 | $2.1B | $164.3M | ||
| Q3 24 | $2.0B | $200.5M | ||
| Q2 24 | $2.8B | $163.1M | ||
| Q1 24 | $2.4B | $169.2M |
| Q4 25 | $8.8B | $795.7M | ||
| Q3 25 | $8.8B | — | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $8.5B | $730.6M | ||
| Q3 24 | $8.7B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.2B | — |
| Q4 25 | $19.4B | $1.6B | ||
| Q3 25 | $18.8B | $1.6B | ||
| Q2 25 | $18.6B | $1.5B | ||
| Q1 25 | $18.5B | $1.6B | ||
| Q4 24 | $18.5B | $1.5B | ||
| Q3 24 | $19.1B | $1.5B | ||
| Q2 24 | $19.2B | $1.5B | ||
| Q1 24 | $19.3B | $1.4B |
| Q4 25 | $41.3B | $3.4B | ||
| Q3 25 | $40.6B | $3.4B | ||
| Q2 25 | $40.5B | $3.3B | ||
| Q1 25 | $39.2B | $3.4B | ||
| Q4 24 | $38.4B | $3.3B | ||
| Q3 24 | $39.2B | $3.5B | ||
| Q2 24 | $39.4B | $3.5B | ||
| Q1 24 | $38.5B | $3.5B |
| Q4 25 | 0.45× | 0.49× | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.46× | 0.47× | ||
| 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. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $111.2M |
| Free Cash FlowOCF − Capex | $1.6B | $70.4M |
| FCF MarginFCF / Revenue | 22.3% | 6.8% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 5.6% | 3.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.74× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $3.6B | $311.4M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $2.0B | $111.2M | ||
| Q3 25 | $1.4B | $112.5M | ||
| Q2 25 | $918.0M | $167.6M | ||
| Q1 25 | $238.0M | $65.1M | ||
| Q4 24 | $1.6B | $193.4M | ||
| Q3 24 | $1.3B | $225.1M | ||
| Q2 24 | $946.0M | $130.8M | ||
| Q1 24 | $475.0M | $23.3M |
| Q4 25 | $1.6B | $70.4M | ||
| Q3 25 | $1.2B | $70.6M | ||
| Q2 25 | $716.0M | $135.6M | ||
| Q1 25 | $91.0M | $34.8M | ||
| Q4 24 | $1.3B | $167.8M | ||
| Q3 24 | $1.1B | $204.6M | ||
| Q2 24 | $759.0M | $112.5M | ||
| Q1 24 | $292.0M | $8.3M |
| Q4 25 | 22.3% | 6.8% | ||
| Q3 25 | 16.8% | 6.7% | ||
| Q2 25 | 10.2% | 12.9% | ||
| Q1 25 | 1.4% | 3.6% | ||
| Q4 24 | 21.5% | 16.2% | ||
| Q3 24 | 17.7% | 20.1% | ||
| Q2 24 | 12.0% | 10.8% | ||
| Q1 24 | 4.9% | 0.9% |
| Q4 25 | 5.6% | 3.9% | ||
| Q3 25 | 2.5% | 4.0% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | 2.3% | 3.1% | ||
| Q4 24 | 4.1% | 2.5% | ||
| Q3 24 | 2.9% | 2.0% | ||
| Q2 24 | 2.9% | 1.8% | ||
| Q1 24 | 3.1% | 1.5% |
| Q4 25 | 1.74× | 0.66× | ||
| Q3 25 | 1.34× | 1.14× | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.25× | 0.75× | ||
| Q4 24 | 1.64× | 2.49× | ||
| Q3 24 | 1.30× | 2.71× | ||
| Q2 24 | 0.95× | 1.31× | ||
| Q1 24 | 0.58× | 0.27× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
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% |
VMI
| Utility Product Line | $424.5M | 41% |
| Lighting And Transportation | $204.6M | 20% |
| Irrigation Equipment And Parts Excluding Technology | $199.0M | 19% |
| Services | $113.6M | 11% |
| Telecommunications | $73.8M | 7% |
| Technology Products And Services | $23.7M | 2% |
