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

June 25, 2026

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 Item	ETN	GEV
Name	Eaton Corporation plc	GE Vernova Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Electrical Equipment
GICS Sub-Industry	Electrical Components & Equipment	Heavy Electrical Equipment
Market Capitalization	157.10 billion USD	284.21 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 1, 1972	March 27, 2024
Security Type	Common Stock	Common Stock

Performance

Cumulative Growth

ETN

GEV

Eaton (ETN) vs. GE Vernova (GEV): 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.

Performance at a Glance

Performance metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
Total Return (1Y)	19.23%	107.60%

Risk

Drawdown

ETN

GEV

Eaton (ETN) vs. GE Vernova (GEV): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
Volatility (1Y, Annualized)	34.20%	50.66%
Beta (5Y)	1.19	0.98
Avg. Volume (3M)	2.55M	2.70M

Profitability

ROE (TTM)

Both companies show strong equity returns, but GE Vernova (GEV) at 75.71% is the standout with ROE above its industry range; Eaton (ETN) at 20.85% also sits in the top quartile.

ETN

Capital Goods industry group

20.85%

Max: 45.10%
ETN: 20.85%
Q3: 19.84%
Median: 11.29%
Q1: 2.96%
Min: -19.79%

GEV

Capital Goods industry group

75.71%

GEV: 75.71%
Max: 45.10%
Q3: 19.84%
Median: 11.29%
Q1: 2.96%
Min: -19.79%

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 13.99% and GE Vernova (GEV) at 23.81% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ETN

Capital Goods industry group

13.99%

Max: 24.69%
ETN: 13.99%
Q3: 11.55%
Median: 5.84%
Q1: 0.61%
Min: -13.94%

GEV

Capital Goods industry group

23.81%

Max: 24.69%
GEV: 23.81%
Q3: 11.55%
Median: 5.84%
Q1: 0.61%
Min: -13.94%

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Eaton (ETN) at 16.11% operates in the top operating margin quartile, ahead of GE Vernova (GEV) at 5.46%, which runs around its industry’s norm.

ETN

Capital Goods industry group

16.11%

Max: 29.84%
ETN: 16.11%
Q3: 15.85%
Median: 8.19%
Q1: 1.86%
Min: -17.50%

GEV

Capital Goods industry group

5.46%

Max: 29.84%
Q3: 15.85%
Median: 8.19%
GEV: 5.46%
Q1: 1.86%
Min: -17.50%

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability at a Glance

Profitability metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
ROE (TTM)	20.85%	75.71%
ROA (TTM)	7.02%	2.38%
Net Margin (TTM)	13.99%	23.81%
Operating Margin (TTM)	16.11%	5.46%
Gross Margin (TTM)	37.11%	20.28%

Growth

Revenue Growth

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

Revenue Growth at a Glance

Revenue growth metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
Revenue Growth (YoY)	10.33%	8.97%
Revenue Growth (3Y CAGR)	9.77%	8.68%

EPS Growth

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

EPS Growth at a Glance

EPS growth metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
EPS Growth (YoY)	10.00%	217.03%
EPS Growth (3Y CAGR)	19.39%	--

Financial Strength

Current Ratio (MRQ)

Both Eaton (ETN) at 1.19 and GE Vernova (GEV) at 0.89 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

1.19

Max: 5.24
Q3: 2.97
Median: 2.11
Q1: 1.45
ETN: 1.19
Min: 0.71

GEV

Capital Goods industry group

0.89

Max: 5.24
Q3: 2.97
Median: 2.11
Q1: 1.45
GEV: 0.89
Min: 0.71

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

GE Vernova (GEV) at 0.25 keeps leverage in the lower quartile, while Eaton (ETN) at 1.10 sits in the higher-leverage quartile.

ETN

Capital Goods industry group

1.10

Max: 2.29
ETN: 1.10
Q3: 1.09
Median: 0.62
Q1: 0.29
Min: 0.00

GEV

Capital Goods industry group

0.25

Max: 2.29
Q3: 1.09
Median: 0.62
Q1: 0.29
GEV: 0.25
Min: 0.00

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength at a Glance

Financial strength metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
Current Ratio (MRQ)	1.19	0.89
Debt / Equity (MRQ)	1.10	0.25
Net Debt / EBITDA	3.32	-1.76

Dividends

Dividend Yield (TTM)

Both Eaton (ETN) at 1.04% and GE Vernova (GEV) at 0.14% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ETN

Capital Goods industry group

1.04%

Max: 2.55%
Q3: 1.04%
ETN: 1.04%
Median: 0.16%
Q1: 0.00%
Min: 0.00%

GEV

Capital Goods industry group

0.14%

Max: 2.55%
Q3: 1.04%
Median: 0.16%
GEV: 0.14%
Q1: 0.00%
Min: 0.00%

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 5.11% pays out a band-typical share of earnings, while Eaton (ETN) at 41.29% distributes more than its industry norm — less retained, thinner cover.

ETN

Capital Goods industry group

41.29%

Max: 72.02%
ETN: 41.29%
Q3: 29.58%
Median: 6.74%
Q1: 0.00%
Min: 0.00%

GEV

Capital Goods industry group

5.11%

Max: 72.02%
Q3: 29.58%
Median: 6.74%
GEV: 5.11%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividends at a Glance

Dividend metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
Dividend Yield (TTM)	1.04%	0.14%
Dividend Payout Ratio (TTM)	41.29%	5.11%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 39.51 and GE Vernova (GEV) at 30.86 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

39.51

Max: 93.00
Q3: 51.83
ETN: 39.51
Median: 32.98
Q1: 23.13
Min: 6.27

GEV

Capital Goods industry group

30.86

Max: 93.00
Q3: 51.83
Median: 32.98
GEV: 30.86
Q1: 23.13
Min: 6.27

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 5.51 and GE Vernova (GEV) at 7.22 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

5.51

Max: 9.85
ETN: 5.51
Q3: 4.98
Median: 2.74
Q1: 1.28
Min: 0.04

GEV

Capital Goods industry group

7.22

Max: 9.85
GEV: 7.22
Q3: 4.98
Median: 2.74
Q1: 1.28
Min: 0.04

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 7.97 sits in the upper P/B ratio quartile, and GE Vernova (GEV) at 20.41 prices even higher, above its industry range.

ETN

Capital Goods industry group

7.97

Max: 13.88
ETN: 7.97
Q3: 7.03
Median: 3.70
Q1: 2.08
Min: -4.93

GEV

Capital Goods industry group

20.41

GEV: 20.41
Max: 13.88
Q3: 7.03
Median: 3.70
Q1: 2.08
Min: -4.93

Eaton (ETN) vs. GE Vernova (GEV): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation at a Glance

Valuation metrics for Eaton (ETN) and GE Vernova (GEV)
Metric	ETN	GEV
P/E Ratio (TTM)	39.51	30.86
P/S Ratio (TTM)	5.51	7.22
P/B Ratio (MRQ)	7.97	20.41
Free Cash Flow Yield (TTM)	1.68%	3.28%