ETN vs. WWD: Eaton vs. Woodward Stock Comparison

November 11, 2026

How do Eaton (ETN) and Woodward (WWD) 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 Woodward (WWD) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while WWD is classified in Aerospace & Defense.

Company profile comparison for Eaton (ETN) and Woodward (WWD)
Profile Item	ETN	WWD
Name	Eaton Corporation plc	Woodward, Inc.
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Aerospace & Defense
GICS Sub-Industry	Electrical Components & Equipment	Aerospace & Defense
Market Capitalization	132.76 billion USD	18.74 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 1, 1972	April 4, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ETN

WWD

GSPC

Eaton (ETN) vs. Woodward (WWD), 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 Woodward (WWD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
Total Return (1Y)	-2.33%	25.66%
Total Return (3Y, Annualized)	19.68%	36.83%
Total Return (5Y, Annualized)	17.50%	23.54%

Risk Profile

Drawdown History

ETN

WWD

GSPC

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

Risk Metrics

Risk profile metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
Volatility (1Y, Annualized)	43.57%	40.29%
Beta (5Y)	1.14	0.87
Max Drawdown (5Y)	-34.46%	-37.25%
Avg. Volume (3M)	2.32M	665.85K

Risk-Adjusted Performance

Risk-Return Positioning

ETN and WWD 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 Woodward (WWD)
Metric	ETN	WWD
Sharpe Ratio (1Y)	-0.15	0.53
Sortino Ratio (1Y)	-0.21	0.85

Profitability

ROE (TTM)

Both Eaton (ETN) at 19.55% and Woodward (WWD) at 22.34% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

WWD

Capital Goods industry group

22.34%

Max: 40.55%
WWD: 22.34%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Eaton (ETN) vs. Woodward (WWD): 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 Woodward (WWD) at 13.17% 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%

WWD

Capital Goods industry group

13.17%

Max: 27.47%
WWD: 13.17%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Eaton (ETN) at 17.85% and Woodward (WWD) at 17.76% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

WWD

Capital Goods industry group

17.76%

Max: 36.60%
Q3: 18.33%
WWD: 17.76%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
ROE (TTM)	19.55%	22.34%
ROA (TTM)	7.22%	8.62%
Net Margin (TTM)	12.18%	13.17%
Operating Margin (TTM)	17.85%	17.76%
Gross Margin (TTM)	35.16%	29.63%

Growth

Revenue Growth

Both Eaton (ETN) at 10.33% and Woodward (WWD) at 7.30% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. Woodward (WWD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eaton (ETN) at 10.00% and Woodward (WWD) at 19.63% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. Woodward (WWD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
Revenue Growth (YoY)	10.33%	7.30%
Revenue Growth (3Y CAGR)	9.77%	14.40%
EPS Growth (YoY)	10.00%	19.63%
EPS Growth (3Y CAGR)	19.39%	38.44%

Financial Strength

Current Ratio (MRQ)

Woodward (WWD) at 1.65 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

WWD

Capital Goods industry group

1.65

Max: 5.22
Q3: 2.95
Median: 2.08
WWD: 1.65
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

Both Eaton (ETN) at 1.00 and Woodward (WWD) at 0.56 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

WWD

Capital Goods industry group

0.56

Max: 2.33
Q3: 1.12
Median: 0.60
WWD: 0.56
Q1: 0.29
Min: 0.00

Eaton (ETN) vs. Woodward (WWD): 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 Woodward (WWD)
Metric	ETN	WWD
Current Ratio (MRQ)	1.23	1.65
Debt / Equity (MRQ)	1.00	0.56
Net Debt / EBITDA	2.85	1.13

Dividends

Dividend Yield (TTM)

Eaton (ETN) at 1.33% delivers top-quartile income for its industry, while Woodward (WWD) at 0.32% 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%

WWD

Capital Goods industry group

0.32%

Max: 2.66%
Q3: 1.14%
WWD: 0.32%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Woodward (WWD) at 13.35% 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%

WWD

Capital Goods industry group

13.35%

Max: 67.39%
Q3: 28.02%
WWD: 13.35%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
Dividend Yield (TTM)	1.33%	0.32%
Dividend Payout Ratio (TTM)	43.36%	13.35%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 34.14 and Woodward (WWD) at 35.30 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

WWD

Capital Goods industry group

35.30

Max: 59.38
Q3: 35.92
WWD: 35.30
Median: 25.41
Q1: 19.47
Min: 3.03

Eaton (ETN) vs. Woodward (WWD): 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 Woodward (WWD) at 4.47 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

WWD

Capital Goods industry group

4.47

Max: 7.54
WWD: 4.47
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

Both Eaton (ETN) at 6.33 and Woodward (WWD) at 7.60 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

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

WWD

Capital Goods industry group

7.60

Max: 9.66
WWD: 7.60
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Eaton (ETN) and Woodward (WWD)
Metric	ETN	WWD
P/E Ratio (TTM)	34.14	35.30
P/S Ratio (TTM)	4.15	4.47
P/B Ratio (MRQ)	6.33	7.60
Free Cash Flow Yield (TTM)	2.29%	1.00%