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ETN vs. GEV: Eaton vs. GE Vernova Stock Comparison

How do Eaton (ETN) and GE Vernova (GEV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Eaton (ETN) and GE Vernova (GEV) both belong to the Electrical Equipment industry, though ETN is classified under Electrical Components & Equipment while GEV falls under Heavy Electrical Equipment.

Eaton (ETN) carries decades of public-market history since June 1, 1972, while GE Vernova (GEV) listed on March 27, 2024 — long-window comparisons have far more historical data on the ETN side.

Company profile comparison for Eaton (ETN) and GE Vernova (GEV)
Profile ItemETNGEV
NameEaton Corporation plcGE Vernova Inc.
Country/RegionIrelandUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryElectrical EquipmentElectrical Equipment
GICS Sub-IndustryElectrical Components & EquipmentHeavy Electrical Equipment
Market Capitalization174.27 billion USD263.76 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 1, 1972March 27, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ETN
GEV
GSPC
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Eaton (ETN) vs. GE Vernova (GEV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eaton (ETN) and GE Vernova (GEV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eaton (ETN) and GE Vernova (GEV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Total Return (1Y)25.97%53.68%
Total Return (3Y, Annualized)28.19%--
Total Return (5Y, Annualized)24.49%--

Risk Profile

Drawdown History

ETN
GEV
GSPC
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Eaton (ETN) vs. GE Vernova (GEV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eaton (ETN) and GE Vernova (GEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Volatility (1Y, Annualized)37.42%51.98%
Beta (5Y)1.190.97
Max Drawdown (5Y)-34.46%-38.29%
Avg. Volume (3M)2.53M2.84M

Risk-Adjusted Performance

Risk-Return Positioning

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ETN and GEV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Sharpe Ratio (1Y)0.590.95
Sortino Ratio (1Y)0.841.50

Profitability

ROE (TTM)

Both companies show strong equity returns, but GE Vernova (GEV) at 82.58% is the standout with ROE above its industry range; Eaton (ETN) at 19.68% also sits in the top quartile.

ETN

Capital Goods industry group

19.68%

Max
43.94%
ETN
19.68%
Q3
19.24%
Median
11.55%
Q1
2.68%
Min
-21.92%

GEV

Capital Goods industry group

82.58%

GEV
82.58%
Max
43.94%
Q3
19.24%
Median
11.55%
Q1
2.68%
Min
-21.92%
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Eaton (ETN) at 12.75% and GE Vernova (GEV) at 23.04% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ETN

Capital Goods industry group

12.75%

Max
24.69%
ETN
12.75%
Q3
11.88%
Median
5.73%
Q1
0.48%
Min
-14.15%

GEV

Capital Goods industry group

23.04%

Max
24.69%
GEV
23.04%
Q3
11.88%
Median
5.73%
Q1
0.48%
Min
-14.15%
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Eaton (ETN) at 16.56% and GE Vernova (GEV) at 7.47% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ETN

Capital Goods industry group

16.56%

Max
35.46%
Q3
17.18%
ETN
16.56%
Median
10.39%
Q1
3.96%
Min
-13.10%

GEV

Capital Goods industry group

7.47%

Max
35.46%
Q3
17.18%
Median
10.39%
GEV
7.47%
Q1
3.96%
Min
-13.10%
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
ROE (TTM)19.68%82.58%
ROA (TTM)7.05%2.54%
Net Margin (TTM)12.75%23.04%
Operating Margin (TTM)16.56%7.47%
Gross Margin (TTM)36.02%20.57%

Growth

Revenue Growth

Both Eaton (ETN) at 10.33% and GE Vernova (GEV) at 8.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

GE Vernova (GEV) at 217.03% clears its industry range for EPS growth, a much stronger earnings trajectory than Eaton (ETN) at 10.00%, which is closer to a typical peer reading.

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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Revenue Growth (YoY)10.33%8.97%
Revenue Growth (3Y CAGR)9.77%8.68%
EPS Growth (YoY)10.00%217.03%
EPS Growth (3Y CAGR)19.39%--

Financial Strength

Current Ratio (MRQ)

Both Eaton (ETN) at 1.24 and GE Vernova (GEV) at 0.85 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ETN

Capital Goods industry group

1.24

Max
5.28
Q3
3.01
Median
2.10
Q1
1.44
ETN
1.24
Min
0.76

GEV

Capital Goods industry group

0.85

Max
5.28
Q3
3.01
Median
2.10
Q1
1.44
GEV
0.85
Min
0.76
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Eaton (ETN) at 1.05 and GE Vernova (GEV) at 0.28 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ETN

Capital Goods industry group

1.05

Max
2.24
Q3
1.08
ETN
1.05
Median
0.59
Q1
0.27
Min
0.00

GEV

Capital Goods industry group

0.28

Max
2.24
Q3
1.08
Median
0.59
GEV
0.28
Q1
0.27
Min
0.00
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Current Ratio (MRQ)1.240.85
Debt / Equity (MRQ)1.050.28
Net Debt / EBITDA3.11-2.29

Dividends

Dividend Yield (TTM)

Both Eaton (ETN) at 0.96% and GE Vernova (GEV) at 0.17% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ETN

Capital Goods industry group

0.96%

Max
2.46%
Q3
1.01%
ETN
0.96%
Median
0.11%
Q1
0.00%
Min
0.00%

GEV

Capital Goods industry group

0.17%

Max
2.46%
Q3
1.01%
GEV
0.17%
Median
0.11%
Q1
0.00%
Min
0.00%
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

GE Vernova (GEV) at 5.73% pays out a band-typical share of earnings, while Eaton (ETN) at 43.58% distributes more than its industry norm — less retained, thinner cover.

ETN

Capital Goods industry group

43.58%

Max
69.23%
ETN
43.58%
Q3
28.81%
Median
6.31%
Q1
0.00%
Min
0.00%

GEV

Capital Goods industry group

5.73%

Max
69.23%
Q3
28.81%
Median
6.31%
GEV
5.73%
Q1
0.00%
Min
0.00%
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
Dividend Yield (TTM)0.96%0.17%
Dividend Payout Ratio (TTM)43.58%5.73%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 45.64 and GE Vernova (GEV) at 28.66 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ETN

Capital Goods industry group

45.64

Max
78.62
ETN
45.64
Q3
45.64
Median
32.92
Q1
23.25
Min
1.18

GEV

Capital Goods industry group

28.66

Max
78.62
Q3
45.64
Median
32.92
GEV
28.66
Q1
23.25
Min
1.18
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Eaton (ETN) at 5.80 and GE Vernova (GEV) at 6.38 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

ETN

Capital Goods industry group

5.80

Max
9.85
ETN
5.80
Q3
4.86
Median
2.72
Q1
1.25
Min
0.05

GEV

Capital Goods industry group

6.38

Max
9.85
GEV
6.38
Q3
4.86
Median
2.72
Q1
1.25
Min
0.05
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Eaton (ETN) at 8.60 sits in the upper P/B ratio quartile, and GE Vernova (GEV) at 22.06 prices even higher, above its industry range.

ETN

Capital Goods industry group

8.60

Max
14.02
ETN
8.60
Q3
6.90
Median
3.95
Q1
2.13
Min
-4.90

GEV

Capital Goods industry group

22.06

GEV
22.06
Max
14.02
Q3
6.90
Median
3.95
Q1
2.13
Min
-4.90
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Eaton (ETN) vs. GE Vernova (GEV): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Eaton (ETN) and GE Vernova (GEV)
MetricETNGEV
P/E Ratio (TTM)45.6428.66
P/S Ratio (TTM)5.806.38
P/B Ratio (MRQ)8.6022.06
Free Cash Flow Yield (TTM)1.78%5.96%