ETN vs. IR: Eaton vs. Ingersoll Rand Stock Comparison

November 11, 2026

How do Eaton (ETN) and Ingersoll Rand (IR) 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 Ingersoll Rand (IR) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while IR is classified in Machinery.

Company profile comparison for Eaton (ETN) and Ingersoll Rand (IR)
Profile Item	ETN	IR
Name	Eaton Corporation plc	Ingersoll Rand Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Machinery
GICS Sub-Industry	Electrical Components & Equipment	Industrial Machinery & Supplies & Components
Market Capitalization	132.76 billion USD	31.87 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 1, 1972	May 12, 2017
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ETN

GSPC

Eaton (ETN) vs. Ingersoll Rand (IR), 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 Ingersoll Rand (IR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eaton (ETN) and Ingersoll Rand (IR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
Total Return (1Y)	-2.33%	12.39%
Total Return (3Y, Annualized)	19.68%	9.19%
Total Return (5Y, Annualized)	17.50%	8.02%

Risk Profile

Drawdown History

ETN

GSPC

Eaton (ETN) vs. Ingersoll Rand (IR), 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 Ingersoll Rand (IR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
Volatility (1Y, Annualized)	43.57%	34.08%
Beta (5Y)	1.14	1.12
Max Drawdown (5Y)	-34.46%	-36.62%
Avg. Volume (3M)	2.32M	4.27M

Risk-Adjusted Performance

Risk-Return Positioning

ETN and IR 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 Ingersoll Rand (IR)
Metric	ETN	IR
Sharpe Ratio (1Y)	-0.15	0.24
Sortino Ratio (1Y)	-0.21	0.37

Profitability

ROE (TTM)

Eaton (ETN) at 19.55% sits in the top ROE quartile, while Ingersoll Rand (IR) at 13.41% is closer to the peer norm — stronger capital efficiency for ETN.

ETN

Capital Goods industry group

19.55%

Max: 40.55%
ETN: 19.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

IR

Capital Goods industry group

13.41%

Max: 40.55%
Q3: 19.29%
IR: 13.41%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Eaton (ETN) at 12.18% and Ingersoll Rand (IR) at 17.20% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ETN

Capital Goods industry group

12.18%

Max: 27.47%
ETN: 12.18%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

IR

Capital Goods industry group

17.20%

Max: 27.47%
IR: 17.20%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Ingersoll Rand (IR) at 18.79% operates in the top operating margin quartile, ahead of Eaton (ETN) at 17.85%, which runs around its industry’s norm.

ETN

Capital Goods industry group

17.85%

Max: 36.60%
Q3: 18.33%
ETN: 17.85%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

IR

Capital Goods industry group

18.79%

Max: 36.60%
IR: 18.79%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
ROE (TTM)	19.55%	13.41%
ROA (TTM)	7.22%	4.98%
Net Margin (TTM)	12.18%	17.20%
Operating Margin (TTM)	17.85%	18.79%
Gross Margin (TTM)	35.16%	42.57%

Growth

Revenue Growth

Both Eaton (ETN) at 10.33% and Ingersoll Rand (IR) at 5.75% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Eaton (ETN) at 10.00% is around its peer norm for EPS growth, while Ingersoll Rand (IR) at -29.61% drops into the bottom quartile, signaling weaker earnings momentum.

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
Revenue Growth (YoY)	10.33%	5.75%
Revenue Growth (3Y CAGR)	9.77%	8.95%
EPS Growth (YoY)	10.00%	-29.61%
EPS Growth (3Y CAGR)	19.39%	-0.46%

Financial Strength

Current Ratio (MRQ)

Ingersoll Rand (IR) at 1.69 keeps current ratio within its industry’s typical mid-range, while Eaton (ETN) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ETN.

ETN

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ETN: 1.23
Min: 0.36

IR

Capital Goods industry group

1.69

Max: 5.22
Q3: 2.95
Median: 2.08
IR: 1.69
Q1: 1.43
Min: 0.36

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Eaton (ETN) at 1.00 and Ingersoll Rand (IR) at 0.46 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ETN

Capital Goods industry group

1.00

Max: 2.33
Q3: 1.12
ETN: 1.00
Median: 0.60
Q1: 0.29
Min: 0.00

IR

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
IR: 0.46
Q1: 0.29
Min: 0.00

Eaton (ETN) vs. Ingersoll Rand (IR): 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 Ingersoll Rand (IR)
Metric	ETN	IR
Current Ratio (MRQ)	1.23	1.69
Debt / Equity (MRQ)	1.00	0.46
Net Debt / EBITDA	2.85	1.76

Dividends

Dividend Yield (TTM)

Eaton (ETN) at 1.33% delivers top-quartile income for its industry, while Ingersoll Rand (IR) at 0.10% pays a more typical yield — both are credible income propositions, ETN the richer one.

ETN

Capital Goods industry group

1.33%

Max: 2.66%
ETN: 1.33%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

IR

Capital Goods industry group

0.10%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
IR: 0.10%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Ingersoll Rand (IR) at 2.27% pays out a band-typical share of earnings, while Eaton (ETN) at 43.36% distributes more than its industry norm — less retained, thinner cover.

ETN

Capital Goods industry group

43.36%

Max: 67.39%
ETN: 43.36%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

IR

Capital Goods industry group

2.27%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
IR: 2.27%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
Dividend Yield (TTM)	1.33%	0.10%
Dividend Payout Ratio (TTM)	43.36%	2.27%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 34.14 and Ingersoll Rand (IR) at 23.51 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

34.14

Max: 59.38
Q3: 35.92
ETN: 34.14
Median: 25.41
Q1: 19.47
Min: 3.03

IR

Capital Goods industry group

23.51

Max: 59.38
Q3: 35.92
Median: 25.41
IR: 23.51
Q1: 19.47
Min: 3.03

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Eaton (ETN) at 4.15 and Ingersoll Rand (IR) at 3.96 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

4.15

Max: 7.54
ETN: 4.15
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

IR

Capital Goods industry group

3.96

Max: 7.54
IR: 3.96
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Ingersoll Rand (IR) at 3.03 is valued about in line with its industry on P/B ratio, while Eaton (ETN) at 6.33 carries an above-peer premium to book — ETN is pricier on assets.

ETN

Capital Goods industry group

6.33

Max: 9.66
ETN: 6.33
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

IR

Capital Goods industry group

3.03

Max: 9.66
Q3: 5.00
Median: 3.12
IR: 3.03
Q1: 1.81
Min: -1.08

Eaton (ETN) vs. Ingersoll Rand (IR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Eaton (ETN) and Ingersoll Rand (IR)
Metric	ETN	IR
P/E Ratio (TTM)	34.14	23.51
P/S Ratio (TTM)	4.15	3.96
P/B Ratio (MRQ)	6.33	3.03
Free Cash Flow Yield (TTM)	2.29%	3.19%