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US equity markets/AI Value chain/ETN

Eaton

ETN·NYSE·USD

384.20+12.28 (+3.30%)

Regular-session close2026-10-27, 16:00 ET·Definitions

Expansion in electrical equipment and thermal management: separate organic growth from acquisitionsBusiness mechanism

Price history1972-06-01 — 2026-10-23Valid trading days: 13,713 · Available range · History update delayed

Operating history2017-09-30 — 2026-06-307 historical metrics · 36 workpaper periods

Coverage limitations

Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.

Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.

The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.

The earliest available price is not proof of the listing date. Coverage since listing remains unverified.

Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.

Original verification records

first-provider-observation-listing-date-not-verified

History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

View sources and versions ↗

Financial drivers from public filings · single quarter

Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.

Coverage and applicability

2017-09-30 — 2026-06-30 · Valid observations: 245. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.

Cash purchases of productive assets / revenue: The selected capital-expenditure measure does not represent the broader concept of productive-asset purchases.

Price and operations

Research history

Reproducible calculations from public filings, without inferring segment-level results.

Period end is the end of the operating period. Source-publication mode uses the publication date of the document selected, without asserting that it was the first disclosure. Expand the notes below the chart for definitions and sources.

Research view

Add metrics 2

Available metrics: 7

Financials and cash flow

Revenue growth YoY% · Calculated from disclosures · Quarterly32 valid observations · 2018-09-30 — 2026-06-3021.39%2026-06-30Net margin% · Calculated from disclosures · Quarterly35 valid observations · 2017-09-30 — 2026-06-309.62%2026-06-30Operating cash flow / revenue% · Calculated from disclosures · Quarterly36 valid observations · 2017-09-30 — 2026-06-3013.21%2026-06-30(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures · Quarterly36 valid observations · 2017-09-30 — 2026-06-3010.24%2026-06-30Operating cash flow / net incomex · Calculated from disclosures · Quarterly35 valid observations · 2017-09-30 — 2026-06-301.37×2026-06-30Cash purchases of PP&E / revenue% · Calculated from disclosures · Quarterly36 valid observations · 2017-09-30 — 2026-06-302.97%2026-06-30(Net income − operating cash flow) / revenue% · Calculated from disclosures · Quarterly35 valid observations · 2017-09-30 — 2026-06-30-3.59%2026-06-30

2026-10-23Last value in range

Time rangeETN Share price

2025-10-23 — 2026-10-23

Methodology and controls

Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Some daily market or calendar coverage is unverified. Only consecutive calendar dates are connected; gaps between dates are not assumed to be complete. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Underlying data Operating metrics: 2

Observations in this chart, including unverified periods or dates · original values and source versions retained

Selected operating metrics; records with values and current chart gaps appear first. Unverified dates are excluded from charts.
Reporting period end	Net margin% · Calculated from disclosures	(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures
2026-06-302026-06-30	9.62% Basis · Calculated from disclosures Source version date: 2026-07-31 View calculation inputs · 4 items Currency USD Net income 821,000,000 Revenue 8,531,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2026-04-01 Period end 2026-06-30 value 821,000,000 Filing date 2026-07-31 form 10-Q accn 0001551182-26-000030 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000030 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-04-01 Period end 2026-06-30 value 8,531,000,000 Filing date 2026-07-31 form 10-Q accn 0001551182-26-000030 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000030 ETN · 10-Q · Filing version 2026-07-31	10.24% Basis · Calculated from disclosures Source version date: 2026-07-31 View calculation inputs · 5 items Currency USD Operating cash flow 1,127,000,000 Cash capital expenditure 253,000,000 Revenue 8,531,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-01 Period end 2026-06-30 value 1,634,000,000 Filing date 2026-07-31 form 10-Q accn 0001551182-26-000030 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000030 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 507,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign -1 sourceIds 0 etn-sec-0001551182-26-000013 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-01 Period end 2026-06-30 value 446,000,000 Filing date 2026-07-31 form 10-Q accn 0001551182-26-000030 Input sign -1 sourceIds 0 etn-sec-0001551182-26-000030 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 193,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000013 4 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-04-01 Period end 2026-06-30 value 8,531,000,000 Filing date 2026-07-31 form 10-Q accn 0001551182-26-000030 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000030 ETN · 10-Q · Filing version 2026-07-31 ETN · 10-Q · Filing version 2026-05-05
2026-03-312026-03-31	11.62% Basis · Calculated from disclosures Source version date: 2026-05-05 View calculation inputs · 4 items Currency USD Net income 866,000,000 Revenue 7,451,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 866,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000013 1 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 7,451,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000013 ETN · 10-Q · Filing version 2026-05-05	4.21% Basis · Calculated from disclosures Source version date: 2026-05-05 View calculation inputs · 5 items Currency USD Operating cash flow 507,000,000 Cash capital expenditure 193,000,000 Revenue 7,451,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 507,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000013 1 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 193,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign -1 sourceIds 0 etn-sec-0001551182-26-000013 2 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2026-01-01 Period end 2026-03-31 value 7,451,000,000 Filing date 2026-05-05 form 10-Q accn 0001551182-26-000013 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000013 ETN · 10-Q · Filing version 2026-05-05
2025-12-312025-12-31	16.05% Basis · Calculated from disclosures Source version date: 2026-02-26 View calculation inputs · 4 items Currency USD Net income 1,132,000,000 Revenue 7,055,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 4,087,000,000 Filing date 2026-02-26 form 10-K accn 0001551182-26-000007 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000007 1 role numerator Original XBRL field us-gaap:NetIncomeLoss Original unit USD Period start 2025-01-01 Period end 2025-09-30 value 2,955,000,000 Filing date 2025-11-04 form 10-Q accn 0001551182-25-000036 Input sign -1 sourceIds 0 etn-sec-0001551182-25-000036 2 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 27,448,000,000 Filing date 2026-02-26 form 10-K accn 0001551182-26-000007 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000007 3 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-01-01 Period end 2025-09-30 value 20,393,000,000 Filing date 2025-11-04 form 10-Q accn 0001551182-25-000036 Input sign -1 sourceIds 0 etn-sec-0001551182-25-000036 ETN · 10-K · Filing version 2026-02-26 ETN · 10-Q · Filing version 2025-11-04	22.30% Basis · Calculated from disclosures Source version date: 2026-02-26 View calculation inputs · 5 items Currency USD Operating cash flow 1,965,000,000 Cash capital expenditure 392,000,000 Revenue 7,055,000,000 Input source document 0 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 4,472,000,000 Filing date 2026-02-26 form 10-K accn 0001551182-26-000007 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000007 1 role numerator Original XBRL field us-gaap:NetCashProvidedByUsedInOperatingActivities Original unit USD Period start 2025-01-01 Period end 2025-09-30 value 2,507,000,000 Filing date 2025-11-04 form 10-Q accn 0001551182-25-000036 Input sign -1 sourceIds 0 etn-sec-0001551182-25-000036 2 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 919,000,000 Filing date 2026-02-26 form 10-K accn 0001551182-26-000007 Input sign -1 sourceIds 0 etn-sec-0001551182-26-000007 3 role numerator Original XBRL field us-gaap:PaymentsToAcquirePropertyPlantAndEquipment Original unit USD Period start 2025-01-01 Period end 2025-09-30 value 527,000,000 Filing date 2025-11-04 form 10-Q accn 0001551182-25-000036 Input sign 1 sourceIds 0 etn-sec-0001551182-25-000036 4 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-01-01 Period end 2025-12-31 value 27,448,000,000 Filing date 2026-02-26 form 10-K accn 0001551182-26-000007 Input sign 1 sourceIds 0 etn-sec-0001551182-26-000007 5 role denominator Original XBRL field us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax Original unit USD Period start 2025-01-01 Period end 2025-09-30 value 20,393,000,000 Filing date 2025-11-04 form 10-Q accn 0001551182-25-000036 Input sign -1 sourceIds 0 etn-sec-0001551182-25-000036 ETN · 10-K · Filing version 2026-02-26 ETN · 10-Q · Filing version 2025-11-04

Calculations and sources 2 items

Net margin% · Calculated from disclosures

Calculation basis

Selected net-income concept / revenue × 100

Reading guide

May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

(CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures

Calculation basis

(Operating cash flow − cash purchases of PP&E) / revenue × 100

Reading guide

A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Data classification

Calculated from disclosures · %

Supporting sources

Business and operating model

Where revenue comes from and which operating changes still require verification.

Company filings ↗

The excerpts record acquisitions including Boyd Thermal and Fibrebond, and a conditional COL Group agreement. Product-mix expansion relates to data-center demand, but consideration paid, enterprise value, consolidated revenue and organic orders are different measures and are not interchangeable. [1][2][3]

Based on value-chain records; original operating disclosures are still needed.Sources as of 2026-09-25Check supporting sources ↗

How revenue, profit and capital connect
Operating mechanism	How operating results are affected	Verifiable metrics
Acquisition → consolidation → cash recovery	An acquisition price is not incremental annual revenue; assess post-acquisition operating cash flow, invested capital and integration spending before evaluating capital recovery. [1][2]	Operating cash flow / revenue Operating cash flow / net income Analyze alongside the share price ↗
Demand → delivery → profit	Consolidated sales and margins can test operating outcomes, but organic growth requires excluding acquisition and foreign-exchange effects. [1][2]	Revenue growth YoY Analyze alongside the share price ↗Some operating measures lack verified, comparable time series
Conditional agreements and currencies	COL Group's enterprise value is denominated in euros and closing is expected in the future; it cannot be added to dollar-denominated completed acquisitions or current-period consolidated earnings. [3]	Verify operating disclosures in the primary sources

Products, paying customers and use cases

Products and services

Data-center thermal management: The Boyd Thermal acquisition expands the business scope; the acquired business's revenue, profit and integration costs require independent verification. [1]
Modular electrical enclosures: Fibrebond's consolidation requires separating product delivery from the investment value of an entire data-center project. [2]

Customers and demand

End data-center customers: The available acquisition notes cannot replace specific evidence of customer purchases; inferred copper-supply links in the value chain are not verified contracts. [1][2]

How supply, demand and capital affect the company

Uses of funds

Boyd Thermal Capital and financing

Acquisition of data center thermal management business · consideration $9.549bn [4]

Signed or existing

Uses of funds

Fibrebond Capital and financing

Acquisition of modular power enclosure business · consideration $1.435bn [5]

Signed or existing

Uses of funds

Ultra PCS Capital and financing

Acquisition · consideration not separately disclosed in the 10-Q [6]

Signed or existing

Uses of funds

Resilient Power Systems Capital and financing

Acquisition · consideration not separately disclosed in the 10-Q [7]

Signed or existing

Uses of funds

Exertherm Capital and financing

Acquisition · consideration not separately disclosed in the 10-Q [8]

Signed or existing

Uses of funds

Dana Incorporated Capital and financing

Mobility business merged with Dana via a Reverse Morris Trust (RMT) [9]

Signed or existing

Uses of funds

COL Group Capital and financing

Signed acquisition at €810m enterprise value; expected Q1 2027 closing subject to regulatory and other conditions. No USD value is inferred. [10]

Signed or existing

Verify entities, agreements and primary sources in the relationship map ↗

Company profile and filings

Legal name: EATON CORPORATION plc
Exchange / quote currency: NYSE / USD
Reporting currency: USD
Source industry classification: Industrial Machinery/Components
Financial period end / Source version used: 2026-06-30 / 2026-07-31
Value-chain roles (not revenue shares): Data-center infrastructure (power / cooling) · Electrical engineering and grids

Check SEC filings index ↗

Related companies in the value chain

Shared value-chain roles do not establish direct peer status or valuation comparability.

TTTrane461.07+1.33%10-27 Close

JCIJohnson Controls International plc155.88+5.68%10-27 Close

EMREmerson Electric Company166.27+2.83%10-27 Close

VRTVertiv208.56+4.39%10-27 Close

MPWRMonolithic Power Systems, Inc.1,211.89+3.82%10-27 Close

Operating observations and counterevidence

Continue checking facts that could change the conclusions; no hypothetical thresholds are assigned to observations without reliable inputs.

Evidence and gaps ↗

Check the sources of growth

Assess organic sales, acquisition contributions, segment profit and cash separately; a single consolidated growth rate does not establish the strength of data-center demand. [1][2]

Revenue growth YoY (Net income − operating cash flow) / revenue Analyze alongside the share price ↗

What evidence would weaken these conclusions?

Growth need not come from organic demand
If acquired businesses dominate sales growth without improved margins or cash conversion, withdraw strong claims of underlying volume and price improvement. [1][2]
Verify operating disclosures in the primary sources
Signing does not constitute completion
COL remains conditional until all closing requirements are met and is excluded from the completed asset portfolio. [3]
Verify operating disclosures in the primary sources

Conclusions not yet supported

What are the actual returns from thermal management?: A consistent post-acquisition capital base, segment cash-flow series and integration-spending series remain unavailable; no ROIC curve is constructed. [1]
Does Eaton purchase directly from a particular copper mine?: The copper-supply link in the relationship map is a structural inference; primary purchase or sales evidence from the parties is required.

MARKET DATA

Quote details

Candlesticks, volume and cross-company prices

384.20 +3.30%

2026-07-23 — 2026-10-23Price change over the selected period -11.81%

Daily · Provider split-adjusted prices, excluding dividends · USD · Valid closes: 13713 / trading dates: 13713Market data source

Compare company

MARKET & FUNDAMENTALS

Quote and valuation methodology

Data timestamps

Trading overview

Previous close: 371.92
Session open: 379.41
Session range: 374.75 – 386.30
Session volume: 2.71 M
20 Average daily volume: 2.36 M
Historical range: 0.87 – 478.00

Valuation and cash

Market cap · USD: 155.78 B
Price / sales · TTM: 5.19
Free cash flow yield: 2.53%

Financial denominator

Revenue · TTM: 30.03 B USD
Period end: 2026-06-30
Source version: 2026-07-31

Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-06-30

Research archiveNo standalone articles or full reports for this company have been included yet

Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。

Financial comparison

Select two specific periods to compare changes in scale, earnings and cash.

Quarter · As of 2026-06-30Source version used 2026-07-31 · Original currency USD

Current periodCompareUSD · Quarter

Current period 2026-04-01 — 2026-06-30Comparison period 2026-01-01 — 2026-03-31

Financial comparison of two defined periods; expand values for source records
Line item	Current period	Comparison period	Amount change	Growth
RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive	8.53 B Raw value 8,531,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reported data Original filing ↗	7.45 B Raw value 7,451,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	+1.08 B	+14.49%
Net incomeNet margin 9.62% · Change -2.00 percentage points	821.00 M Raw value 821,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reported data Original filing ↗	866.00 M Raw value 866,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	-45.00 M	-5.20%
Operating cash flowOperating cash flow / revenue 13.21% · Change +6.41 percentage points	1.13 BDerived by subtraction Raw value 1,127,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-01 — 2026-06-30 · 1.63 B USD · Source version 2026-07-31 Subtract: 2026-01-01 — 2026-03-31 · 507.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗	507.00 M Raw value 507,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	+620.00 M	+122.29%
Capital expenditureCapital expenditure / revenue 2.97% · Change +0.38 percentage points	253.00 MDerived by subtraction Raw value 253,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-01 — 2026-06-30 · 446.00 M USD · Source version 2026-07-31 Subtract: 2026-01-01 — 2026-03-31 · 193.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗	193.00 M Raw value 193,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	+60.00 M	+31.09%

Comparable values unavailable for the two selected periods · Gross profit、Operating income

Gross profit：Reported value unavailable; Reported value unavailable.
Operating income：Reported value unavailable; Reported value unavailable.

Check filing sources ↗

The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.

Historical trends and full financials

Comparable-period financial trends

2026-06-30Last value in range

Time rangeRevenue

2017-09-30 — 2026-06-30

Methodology and controls

Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Comparable series unavailable: Operating income. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.

Scroll to see all periods; select a value to open its source →

Quarterly financials, USD. Records without verified periods or units are excluded from comparison columns.
Reporting period end · USD	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30	2019-12-31	2020-03-31	2020-06-30	2020-09-30	2020-12-31	2021-03-31	2021-06-30	2021-09-30	2021-12-31	2022-03-31	2022-06-30	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30	2023-12-31	2024-03-31	2024-06-30	2024-09-30	2024-12-31	2025-03-31	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Revenue	5.21 B Raw value 5,211,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reported data Original filing ↗	5.21 BDerived by subtraction Raw value 5,213,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-01-01 — 2017-12-31 · 20.40 B USD · Source version 2020-02-26 Subtract: 2017-01-01 — 2017-09-30 · 15.19 B USD · Source version 2018-10-30 Original calculation input 1 ↗Original calculation input 2 ↗	5.25 B Raw value 5,251,000,000.00 USD 2018-01-01 — 2018-03-31 · USD · Reported data Original filing ↗	5.49 B Raw value 5,487,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reported data Original filing ↗	5.41 B Raw value 5,412,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reported data Original filing ↗	5.46 BDerived by subtraction Raw value 5,459,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-01-01 — 2018-12-31 · 21.61 B USD · Source version 2021-02-24 Subtract: 2018-01-01 — 2018-09-30 · 16.15 B USD · Source version 2019-10-29 Original calculation input 1 ↗Original calculation input 2 ↗	5.31 B Raw value 5,305,000,000.00 USD 2019-01-01 — 2019-03-31 · USD · Reported data Original filing ↗	5.53 B Raw value 5,533,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reported data Original filing ↗	5.31 B Raw value 5,314,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reported data Original filing ↗	5.24 BDerived by subtraction Raw value 5,238,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-01-01 — 2019-12-31 · 21.39 B USD · Source version 2022-02-23 Subtract: 2019-01-01 — 2019-09-30 · 16.15 B USD · Source version 2020-11-03 Original calculation input 1 ↗Original calculation input 2 ↗	4.79 B Raw value 4,789,000,000.00 USD 2020-01-01 — 2020-03-31 · USD · Reported data Original filing ↗	3.86 B Raw value 3,856,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reported data Original filing ↗	4.53 B Raw value 4,526,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reported data Original filing ↗	4.69 BDerived by subtraction Raw value 4,687,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-01-01 — 2020-12-31 · 17.86 B USD · Source version 2023-02-23 Subtract: 2020-01-01 — 2020-09-30 · 13.17 B USD · Source version 2021-11-02 Original calculation input 1 ↗Original calculation input 2 ↗	4.69 B Raw value 4,692,000,000.00 USD 2021-01-01 — 2021-03-31 · USD · Reported data Original filing ↗	5.22 B Raw value 5,215,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reported data Original filing ↗	4.92 B Raw value 4,923,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reported data Original filing ↗	4.80 BDerived by subtraction Raw value 4,798,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-01 — 2021-12-31 · 19.63 B USD · Source version 2024-02-29 Subtract: 2021-01-01 — 2021-09-30 · 14.83 B USD · Source version 2022-11-01 Original calculation input 1 ↗Original calculation input 2 ↗	4.84 B Raw value 4,843,000,000.00 USD 2022-01-01 — 2022-03-31 · USD · Reported data Original filing ↗	5.21 B Raw value 5,212,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reported data Original filing ↗	5.31 B Raw value 5,313,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reported data Original filing ↗	5.38 BDerived by subtraction Raw value 5,384,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-01 — 2022-12-31 · 20.75 B USD · Source version 2025-02-27 Subtract: 2022-01-01 — 2022-09-30 · 15.37 B USD · Source version 2023-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	5.48 B Raw value 5,483,000,000.00 USD 2023-01-01 — 2023-03-31 · USD · Reported data Original filing ↗	5.87 B Raw value 5,866,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reported data Original filing ↗	5.88 B Raw value 5,880,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reported data Original filing ↗	5.97 BDerived by subtraction Raw value 5,967,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-01-01 — 2023-12-31 · 23.20 B USD · Source version 2026-02-26 Subtract: 2023-01-01 — 2023-09-30 · 17.23 B USD · Source version 2024-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	5.94 B Raw value 5,943,000,000.00 USD 2024-01-01 — 2024-03-31 · USD · Reported data Original filing ↗	6.35 B Raw value 6,350,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reported data Original filing ↗	6.35 B Raw value 6,345,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reported data Original filing ↗	6.24 BDerived by subtraction Raw value 6,240,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-01-01 — 2024-12-31 · 24.88 B USD · Source version 2026-02-26 Subtract: 2024-01-01 — 2024-09-30 · 18.64 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	6.38 B Raw value 6,377,000,000.00 USD 2025-01-01 — 2025-03-31 · USD · Reported data Original filing ↗	7.03 B Raw value 7,028,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reported data Original filing ↗	6.99 B Raw value 6,988,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reported data Original filing ↗	7.06 BDerived by subtraction Raw value 7,055,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-01-01 — 2025-12-31 · 27.45 B USD · Source version 2026-02-26 Subtract: 2025-01-01 — 2025-09-30 · 20.39 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	7.45 B Raw value 7,451,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	8.53 B Raw value 8,531,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reported data Original filing ↗
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net income	1.40 B Raw value 1,401,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reported data Original filing ↗	—	488.00 M Raw value 488,000,000.00 USD 2018-01-01 — 2018-03-31 · USD · Reported data Original filing ↗	610.00 M Raw value 610,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reported data Original filing ↗	416.00 M Raw value 416,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reported data Original filing ↗	631.00 MDerived by subtraction Raw value 631,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-01-01 — 2018-12-31 · 2.15 B USD · Source version 2021-02-24 Subtract: 2018-01-01 — 2018-09-30 · 1.51 B USD · Source version 2019-10-29 Original calculation input 1 ↗Original calculation input 2 ↗	522.00 M Raw value 522,000,000.00 USD 2019-01-01 — 2019-03-31 · USD · Reported data Original filing ↗	636.00 M Raw value 636,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reported data Original filing ↗	601.00 M Raw value 601,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reported data Original filing ↗	452.00 MDerived by subtraction Raw value 452,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-01-01 — 2019-12-31 · 2.21 B USD · Source version 2022-02-23 Subtract: 2019-01-01 — 2019-09-30 · 1.76 B USD · Source version 2020-11-03 Original calculation input 1 ↗Original calculation input 2 ↗	438.00 M Raw value 438,000,000.00 USD 2020-01-01 — 2020-03-31 · USD · Reported data Original filing ↗	51.00 M Raw value 51,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reported data Original filing ↗	446.00 M Raw value 446,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reported data Original filing ↗	475.00 MDerived by subtraction Raw value 475,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-01-01 — 2020-12-31 · 1.41 B USD · Source version 2023-02-23 Subtract: 2020-01-01 — 2020-09-30 · 935.00 M USD · Source version 2021-11-02 Original calculation input 1 ↗Original calculation input 2 ↗	458.00 M Raw value 458,000,000.00 USD 2021-01-01 — 2021-03-31 · USD · Reported data Original filing ↗	506.00 M Raw value 506,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reported data Original filing ↗	629.00 M Raw value 629,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reported data Original filing ↗	551.00 MDerived by subtraction Raw value 551,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-01 — 2021-12-31 · 2.14 B USD · Source version 2024-02-29 Subtract: 2021-01-01 — 2021-09-30 · 1.59 B USD · Source version 2022-11-01 Original calculation input 1 ↗Original calculation input 2 ↗	532.00 M Raw value 532,000,000.00 USD 2022-01-01 — 2022-03-31 · USD · Reported data Original filing ↗	601.00 M Raw value 601,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reported data Original filing ↗	607.00 M Raw value 607,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reported data Original filing ↗	721.00 MDerived by subtraction Raw value 721,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-01 — 2022-12-31 · 2.46 B USD · Source version 2025-02-27 Subtract: 2022-01-01 — 2022-09-30 · 1.74 B USD · Source version 2023-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	638.00 M Raw value 638,000,000.00 USD 2023-01-01 — 2023-03-31 · USD · Reported data Original filing ↗	744.00 M Raw value 744,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reported data Original filing ↗	891.00 M Raw value 891,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reported data Original filing ↗	945.00 MDerived by subtraction Raw value 945,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-01-01 — 2023-12-31 · 3.22 B USD · Source version 2026-02-26 Subtract: 2023-01-01 — 2023-09-30 · 2.27 B USD · Source version 2024-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	821.00 M Raw value 821,000,000.00 USD 2024-01-01 — 2024-03-31 · USD · Reported data Original filing ↗	993.00 M Raw value 993,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reported data Original filing ↗	1.01 B Raw value 1,009,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reported data Original filing ↗	971.00 MDerived by subtraction Raw value 971,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-01-01 — 2024-12-31 · 3.79 B USD · Source version 2026-02-26 Subtract: 2024-01-01 — 2024-09-30 · 2.82 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	964.00 M Raw value 964,000,000.00 USD 2025-01-01 — 2025-03-31 · USD · Reported data Original filing ↗	982.00 M Raw value 982,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reported data Original filing ↗	1.01 B Raw value 1,010,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reported data Original filing ↗	1.13 BDerived by subtraction Raw value 1,132,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-01-01 — 2025-12-31 · 4.09 B USD · Source version 2026-02-26 Subtract: 2025-01-01 — 2025-09-30 · 2.96 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	866.00 M Raw value 866,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	821.00 M Raw value 821,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reported data Original filing ↗
Operating cash flow	750.00 MDerived by subtraction Raw value 750,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-01-01 — 2017-09-30 · 1.79 B USD · Source version 2018-10-30 Subtract: 2017-01-01 — 2017-06-30 · 1.04 B USD · Source version 2018-07-31 Original calculation input 1 ↗Original calculation input 2 ↗	879.00 MDerived by subtraction Raw value 879,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-01-01 — 2017-12-31 · 2.67 B USD · Source version 2020-02-26 Subtract: 2017-01-01 — 2017-09-30 · 1.79 B USD · Source version 2018-10-30 Original calculation input 1 ↗Original calculation input 2 ↗	339.00 M Raw value 339,000,000.00 USD 2018-01-01 — 2018-03-31 · USD · Reported data Original filing ↗	499.00 MDerived by subtraction Raw value 499,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-01-01 — 2018-06-30 · 838.00 M USD · Source version 2019-07-30 Subtract: 2018-01-01 — 2018-03-31 · 339.00 M USD · Source version 2019-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	1.00 BDerived by subtraction Raw value 1,000,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-01-01 — 2018-09-30 · 1.84 B USD · Source version 2019-10-29 Subtract: 2018-01-01 — 2018-06-30 · 838.00 M USD · Source version 2019-07-30 Original calculation input 1 ↗Original calculation input 2 ↗	820.00 MDerived by subtraction Raw value 820,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-01-01 — 2018-12-31 · 2.66 B USD · Source version 2021-02-24 Subtract: 2018-01-01 — 2018-09-30 · 1.84 B USD · Source version 2019-10-29 Original calculation input 1 ↗Original calculation input 2 ↗	551.00 M Raw value 551,000,000.00 USD 2019-01-01 — 2019-03-31 · USD · Reported data Original filing ↗	880.00 MDerived by subtraction Raw value 880,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-01-01 — 2019-06-30 · 1.43 B USD · Source version 2020-07-29 Subtract: 2019-01-01 — 2019-03-31 · 551.00 M USD · Source version 2020-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	1.08 BDerived by subtraction Raw value 1,083,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-01-01 — 2019-09-30 · 2.51 B USD · Source version 2020-11-03 Subtract: 2019-01-01 — 2019-06-30 · 1.43 B USD · Source version 2020-07-29 Original calculation input 1 ↗Original calculation input 2 ↗	937.00 MDerived by subtraction Raw value 937,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-01-01 — 2019-12-31 · 3.45 B USD · Source version 2022-02-23 Subtract: 2019-01-01 — 2019-09-30 · 2.51 B USD · Source version 2020-11-03 Original calculation input 1 ↗Original calculation input 2 ↗	323.00 M Raw value 323,000,000.00 USD 2020-01-01 — 2020-03-31 · USD · Reported data Original filing ↗	757.00 MDerived by subtraction Raw value 757,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-01-01 — 2020-06-30 · 1.08 B USD · Source version 2021-08-03 Subtract: 2020-01-01 — 2020-03-31 · 323.00 M USD · Source version 2021-05-04 Original calculation input 1 ↗Original calculation input 2 ↗	921.00 MDerived by subtraction Raw value 921,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-01-01 — 2020-09-30 · 2.00 B USD · Source version 2021-11-02 Subtract: 2020-01-01 — 2020-06-30 · 1.08 B USD · Source version 2021-08-03 Original calculation input 1 ↗Original calculation input 2 ↗	943.00 MDerived by subtraction Raw value 943,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-01-01 — 2020-12-31 · 2.94 B USD · Source version 2023-02-23 Subtract: 2020-01-01 — 2020-09-30 · 2.00 B USD · Source version 2021-11-02 Original calculation input 1 ↗Original calculation input 2 ↗	260.00 M Raw value 260,000,000.00 USD 2021-01-01 — 2021-03-31 · USD · Reported data Original filing ↗	637.00 MDerived by subtraction Raw value 637,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-01 — 2021-06-30 · 897.00 M USD · Source version 2022-08-02 Subtract: 2021-01-01 — 2021-03-31 · 260.00 M USD · Source version 2022-05-03 Original calculation input 1 ↗Original calculation input 2 ↗	471.00 MDerived by subtraction Raw value 471,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-01 — 2021-09-30 · 1.37 B USD · Source version 2022-11-01 Subtract: 2021-01-01 — 2021-06-30 · 897.00 M USD · Source version 2022-08-02 Original calculation input 1 ↗Original calculation input 2 ↗	795.00 MDerived by subtraction Raw value 795,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-01 — 2021-12-31 · 2.16 B USD · Source version 2024-02-29 Subtract: 2021-01-01 — 2021-09-30 · 1.37 B USD · Source version 2022-11-01 Original calculation input 1 ↗Original calculation input 2 ↗	42.00 M Raw value 42,000,000.00 USD 2022-01-01 — 2022-03-31 · USD · Reported data Original filing ↗	340.00 MDerived by subtraction Raw value 340,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-01 — 2022-06-30 · 382.00 M USD · Source version 2023-08-01 Subtract: 2022-01-01 — 2022-03-31 · 42.00 M USD · Source version 2023-05-02 Original calculation input 1 ↗Original calculation input 2 ↗	965.00 MDerived by subtraction Raw value 965,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-01 — 2022-09-30 · 1.35 B USD · Source version 2023-10-31 Subtract: 2022-01-01 — 2022-06-30 · 382.00 M USD · Source version 2023-08-01 Original calculation input 1 ↗Original calculation input 2 ↗	1.19 BDerived by subtraction Raw value 1,186,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-01 — 2022-12-31 · 2.53 B USD · Source version 2025-02-27 Subtract: 2022-01-01 — 2022-09-30 · 1.35 B USD · Source version 2023-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	335.00 M Raw value 335,000,000.00 USD 2023-01-01 — 2023-03-31 · USD · Reported data Original filing ↗	850.00 MDerived by subtraction Raw value 850,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-01-01 — 2023-06-30 · 1.19 B USD · Source version 2024-08-01 Subtract: 2023-01-01 — 2023-03-31 · 335.00 M USD · Source version 2024-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	1.14 BDerived by subtraction Raw value 1,141,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-01-01 — 2023-09-30 · 2.33 B USD · Source version 2024-10-31 Subtract: 2023-01-01 — 2023-06-30 · 1.19 B USD · Source version 2024-08-01 Original calculation input 1 ↗Original calculation input 2 ↗	1.30 BDerived by subtraction Raw value 1,298,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-01-01 — 2023-12-31 · 3.62 B USD · Source version 2026-02-26 Subtract: 2023-01-01 — 2023-09-30 · 2.33 B USD · Source version 2024-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	475.00 M Raw value 475,000,000.00 USD 2024-01-01 — 2024-03-31 · USD · Reported data Original filing ↗	946.00 MDerived by subtraction Raw value 946,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-01-01 — 2024-06-30 · 1.42 B USD · Source version 2025-08-05 Subtract: 2024-01-01 — 2024-03-31 · 475.00 M USD · Source version 2025-05-02 Original calculation input 1 ↗Original calculation input 2 ↗	1.31 BDerived by subtraction Raw value 1,309,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-01-01 — 2024-09-30 · 2.73 B USD · Source version 2025-11-04 Subtract: 2024-01-01 — 2024-06-30 · 1.42 B USD · Source version 2025-08-05 Original calculation input 1 ↗Original calculation input 2 ↗	1.60 BDerived by subtraction Raw value 1,597,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-01-01 — 2024-12-31 · 4.33 B USD · Source version 2026-02-26 Subtract: 2024-01-01 — 2024-09-30 · 2.73 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	238.00 M Raw value 238,000,000.00 USD 2025-01-01 — 2025-03-31 · USD · Reported data Original filing ↗	918.00 MDerived by subtraction Raw value 918,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-01-01 — 2025-06-30 · 1.16 B USD · Source version 2026-07-31 Subtract: 2025-01-01 — 2025-03-31 · 238.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗	1.35 BDerived by subtraction Raw value 1,351,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-01-01 — 2025-09-30 · 2.51 B USD · Source version 2025-11-04 Subtract: 2025-01-01 — 2025-06-30 · 1.16 B USD · Source version 2026-07-31 Original calculation input 1 ↗Original calculation input 2 ↗	1.97 BDerived by subtraction Raw value 1,965,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-01-01 — 2025-12-31 · 4.47 B USD · Source version 2026-02-26 Subtract: 2025-01-01 — 2025-09-30 · 2.51 B USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	507.00 M Raw value 507,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	1.13 BDerived by subtraction Raw value 1,127,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-01 — 2026-06-30 · 1.63 B USD · Source version 2026-07-31 Subtract: 2026-01-01 — 2026-03-31 · 507.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗
Capital expenditure	105.00 MDerived by subtraction Raw value 105,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2017-01-01 — 2017-09-30 · 351.00 M USD · Source version 2018-10-30 Subtract: 2017-01-01 — 2017-06-30 · 246.00 M USD · Source version 2018-07-31 Original calculation input 1 ↗Original calculation input 2 ↗	169.00 MDerived by subtraction Raw value 169,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2017-01-01 — 2017-12-31 · 520.00 M USD · Source version 2020-02-26 Subtract: 2017-01-01 — 2017-09-30 · 351.00 M USD · Source version 2018-10-30 Original calculation input 1 ↗Original calculation input 2 ↗	131.00 M Raw value 131,000,000.00 USD 2018-01-01 — 2018-03-31 · USD · Reported data Original filing ↗	149.00 MDerived by subtraction Raw value 149,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-01-01 — 2018-06-30 · 280.00 M USD · Source version 2019-07-30 Subtract: 2018-01-01 — 2018-03-31 · 131.00 M USD · Source version 2019-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	131.00 MDerived by subtraction Raw value 131,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2018-01-01 — 2018-09-30 · 411.00 M USD · Source version 2019-10-29 Subtract: 2018-01-01 — 2018-06-30 · 280.00 M USD · Source version 2019-07-30 Original calculation input 1 ↗Original calculation input 2 ↗	154.00 MDerived by subtraction Raw value 154,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2018-01-01 — 2018-12-31 · 565.00 M USD · Source version 2021-02-24 Subtract: 2018-01-01 — 2018-09-30 · 411.00 M USD · Source version 2019-10-29 Original calculation input 1 ↗Original calculation input 2 ↗	149.00 M Raw value 149,000,000.00 USD 2019-01-01 — 2019-03-31 · USD · Reported data Original filing ↗	149.00 MDerived by subtraction Raw value 149,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-01-01 — 2019-06-30 · 298.00 M USD · Source version 2020-07-29 Subtract: 2019-01-01 — 2019-03-31 · 149.00 M USD · Source version 2020-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	143.00 MDerived by subtraction Raw value 143,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2019-01-01 — 2019-09-30 · 441.00 M USD · Source version 2020-11-03 Subtract: 2019-01-01 — 2019-06-30 · 298.00 M USD · Source version 2020-07-29 Original calculation input 1 ↗Original calculation input 2 ↗	146.00 MDerived by subtraction Raw value 146,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2019-01-01 — 2019-12-31 · 587.00 M USD · Source version 2022-02-23 Subtract: 2019-01-01 — 2019-09-30 · 441.00 M USD · Source version 2020-11-03 Original calculation input 1 ↗Original calculation input 2 ↗	112.00 M Raw value 112,000,000.00 USD 2020-01-01 — 2020-03-31 · USD · Reported data Original filing ↗	90.00 MDerived by subtraction Raw value 90,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-01-01 — 2020-06-30 · 202.00 M USD · Source version 2021-08-03 Subtract: 2020-01-01 — 2020-03-31 · 112.00 M USD · Source version 2021-05-04 Original calculation input 1 ↗Original calculation input 2 ↗	89.00 MDerived by subtraction Raw value 89,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2020-01-01 — 2020-09-30 · 291.00 M USD · Source version 2021-11-02 Subtract: 2020-01-01 — 2020-06-30 · 202.00 M USD · Source version 2021-08-03 Original calculation input 1 ↗Original calculation input 2 ↗	98.00 MDerived by subtraction Raw value 98,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2020-01-01 — 2020-12-31 · 389.00 M USD · Source version 2023-02-23 Subtract: 2020-01-01 — 2020-09-30 · 291.00 M USD · Source version 2021-11-02 Original calculation input 1 ↗Original calculation input 2 ↗	119.00 M Raw value 119,000,000.00 USD 2021-01-01 — 2021-03-31 · USD · Reported data Original filing ↗	153.00 MDerived by subtraction Raw value 153,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-01 — 2021-06-30 · 272.00 M USD · Source version 2022-08-02 Subtract: 2021-01-01 — 2021-03-31 · 119.00 M USD · Source version 2022-05-03 Original calculation input 1 ↗Original calculation input 2 ↗	140.00 MDerived by subtraction Raw value 140,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2021-01-01 — 2021-09-30 · 412.00 M USD · Source version 2022-11-01 Subtract: 2021-01-01 — 2021-06-30 · 272.00 M USD · Source version 2022-08-02 Original calculation input 1 ↗Original calculation input 2 ↗	163.00 MDerived by subtraction Raw value 163,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2021-01-01 — 2021-12-31 · 575.00 M USD · Source version 2024-02-29 Subtract: 2021-01-01 — 2021-09-30 · 412.00 M USD · Source version 2022-11-01 Original calculation input 1 ↗Original calculation input 2 ↗	115.00 M Raw value 115,000,000.00 USD 2022-01-01 — 2022-03-31 · USD · Reported data Original filing ↗	139.00 MDerived by subtraction Raw value 139,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-01 — 2022-06-30 · 254.00 M USD · Source version 2023-08-01 Subtract: 2022-01-01 — 2022-03-31 · 115.00 M USD · Source version 2023-05-02 Original calculation input 1 ↗Original calculation input 2 ↗	135.00 MDerived by subtraction Raw value 135,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2022-01-01 — 2022-09-30 · 389.00 M USD · Source version 2023-10-31 Subtract: 2022-01-01 — 2022-06-30 · 254.00 M USD · Source version 2023-08-01 Original calculation input 1 ↗Original calculation input 2 ↗	209.00 MDerived by subtraction Raw value 209,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2022-01-01 — 2022-12-31 · 598.00 M USD · Source version 2025-02-27 Subtract: 2022-01-01 — 2022-09-30 · 389.00 M USD · Source version 2023-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	126.00 M Raw value 126,000,000.00 USD 2023-01-01 — 2023-03-31 · USD · Reported data Original filing ↗	160.00 MDerived by subtraction Raw value 160,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-01-01 — 2023-06-30 · 286.00 M USD · Source version 2024-08-01 Subtract: 2023-01-01 — 2023-03-31 · 126.00 M USD · Source version 2024-04-30 Original calculation input 1 ↗Original calculation input 2 ↗	228.00 MDerived by subtraction Raw value 228,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2023-01-01 — 2023-09-30 · 514.00 M USD · Source version 2024-10-31 Subtract: 2023-01-01 — 2023-06-30 · 286.00 M USD · Source version 2024-08-01 Original calculation input 1 ↗Original calculation input 2 ↗	243.00 MDerived by subtraction Raw value 243,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2023-01-01 — 2023-12-31 · 757.00 M USD · Source version 2026-02-26 Subtract: 2023-01-01 — 2023-09-30 · 514.00 M USD · Source version 2024-10-31 Original calculation input 1 ↗Original calculation input 2 ↗	183.00 M Raw value 183,000,000.00 USD 2024-01-01 — 2024-03-31 · USD · Reported data Original filing ↗	187.00 MDerived by subtraction Raw value 187,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-01-01 — 2024-06-30 · 370.00 M USD · Source version 2025-08-05 Subtract: 2024-01-01 — 2024-03-31 · 183.00 M USD · Source version 2025-05-02 Original calculation input 1 ↗Original calculation input 2 ↗	183.00 MDerived by subtraction Raw value 183,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2024-01-01 — 2024-09-30 · 553.00 M USD · Source version 2025-11-04 Subtract: 2024-01-01 — 2024-06-30 · 370.00 M USD · Source version 2025-08-05 Original calculation input 1 ↗Original calculation input 2 ↗	255.00 MDerived by subtraction Raw value 255,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2024-01-01 — 2024-12-31 · 808.00 M USD · Source version 2026-02-26 Subtract: 2024-01-01 — 2024-09-30 · 553.00 M USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	147.00 M Raw value 147,000,000.00 USD 2025-01-01 — 2025-03-31 · USD · Reported data Original filing ↗	202.00 MDerived by subtraction Raw value 202,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-01-01 — 2025-06-30 · 349.00 M USD · Source version 2026-07-31 Subtract: 2025-01-01 — 2025-03-31 · 147.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗	178.00 MDerived by subtraction Raw value 178,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2025-01-01 — 2025-09-30 · 527.00 M USD · Source version 2025-11-04 Subtract: 2025-01-01 — 2025-06-30 · 349.00 M USD · Source version 2026-07-31 Original calculation input 1 ↗Original calculation input 2 ↗	392.00 MDerived by subtraction Raw value 392,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months Add: 2025-01-01 — 2025-12-31 · 919.00 M USD · Source version 2026-02-26 Subtract: 2025-01-01 — 2025-09-30 · 527.00 M USD · Source version 2025-11-04 Original calculation input 1 ↗Original calculation input 2 ↗	193.00 M Raw value 193,000,000.00 USD 2026-01-01 — 2026-03-31 · USD · Reported data Original filing ↗	253.00 MDerived by subtraction Raw value 253,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value Add: 2026-01-01 — 2026-06-30 · 446.00 M USD · Source version 2026-07-31 Subtract: 2026-01-01 — 2026-03-31 · 193.00 M USD · Source version 2026-05-05 Original calculation input 1 ↗Original calculation input 2 ↗

Comparison rules and gaps

Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.

View filing source

Events and disclosure records

Completed events, conditional arrangements and the document versions used are listed separately.

Check original source ↗

2026-09-25Conditional arrangements

COL Group acquisition agreement

Archived company-announcement excerpt: enterprise value is denominated in euros, and expected closing remains subject to regulatory and other conditions; the transaction is not treated as completed. [3]

2026-09-25Disclosed events

COL Group · Capital and financing

Signed acquisition at €810m enterprise value; expected Q1 2027 closing subject to regulatory and other conditions. No USD value is inferred. [10]

Included financial source versions

2026-07-31
10-Q Original financial filings ↗
This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.
2026-05-05
10-Q Original financial filings ↗
This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.
2026-02-26
10-K Original financial filings ↗
This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.
2025-11-04
10-Q Original financial filings ↗
This page cites periods ending through 2025-09-30. The same document includes multiple comparison periods.
2025-08-05
10-Q Original financial filings ↗
This page cites periods ending through 2024-06-30.
2025-05-02
10-Q Original financial filings ↗
This page cites periods ending through 2024-03-31.

Showing the latest 6 recorded source versions. Find the remaining 49 in Source values in the full financial table.

Industry relationships and operating mechanisms

Trace supply and demand through contract performance, operating metrics and cash attribution.

Company in focus

Direct relationships: 7 · Excluded by current filters: 2

ETN

Eaton

Operating metrics: 7 ↗

No supply or demand records are available under the current filters.

Capital deployed

7 companies

Date not specified1 record

Upstream supply、Downstream demand、Capital sources: no records under the current criteria; this does not establish that a business relationship is absent.

Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.

Relationship records

7 records

Status / record date	Recorded amount	Capacity basis	Evidence source
Signed / existing2026-09-25	The euro amount is not treated as a USD amountAcquisition consideration	Not structured	B · Company / mediaCheck public source ↗
Signed / existingDate not specified	USD 9.55 billionAcquisition consideration	Not structured	A · Original filingCheck public source ↗
Signed / existingDate not specified	USD 1.44 billionAcquisition consideration	Not structured	A · Original filingCheck public source ↗
Signed / existingDate not specified	No attributable amount providedAcquisition consideration	Not structured	A · Original filingCheck public source ↗
Signed / existingDate not specified	No attributable amount providedAcquisition consideration	Not structured	A · Original filingCheck public source ↗
Signed / existingDate not specified	No attributable amount providedAcquisition consideration	Not structured	A · Original filingCheck public source ↗
Signed / existingDate not specified	No attributable amount providedAmount classification not yet structured	Not structured	A · Original filingCheck public source ↗

1–7 / 7 records

Capital deployed · Business acquisition

ETN COL Group

Signed / existing2026-09-25B · Company / media

Check public source ↗

What this relationship establishes

Signed acquisition agreement at €810m enterprise value; closing expected in Q1 2027, subject to regulatory and other conditions

Relationship type: Business acquisition
Recorded as signed or existing; performance progress requires separate verification
Amount basis: Acquisition consideration
The euro amount is not treated as a USD amount
Separate cash, notes, shares and contingent consideration. Payment timing, subsequent adjustments and closing status cannot be inferred from the total. This record does not specify the conversion basis between the original currency and the graph's USD field. The original-currency excerpt is retained.
Attribution: Applies to this relationship; the original document determines the specific legal entities and attribution.
Concentration: A relationship amount and company denominator with matching periods and definitions are not provided
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.

Complete record and source location

Signed acquisition at €810m enterprise value; expected Q1 2027 closing subject to regulatory and other conditions. No USD value is inferred.

B · Company / media

Issuer / authority original 2026-09-25 [B]

Consideration, integration and returns

The excerpts below come from this record. Verify signed status separately from actual completion.

Signed acquisition agreement at €810m enterprise value; closing expected in Q1 2027, subject to regulatory and other conditions

Inputs still needed to quantify the impact

Payment arrangements for cash, notes and contingent consideration
Purchase accounting allocation, goodwill and subsequent integration spending
The basis for separating incremental cash returns from the existing business

The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.

How to test the operating mechanism

Analytical framework, not a realized impact

Transaction terms
ETN → COL Group: verify the acquisition scope, closing conditions and composition of the consideration.
Consolidation and integration
Verify cash paid at closing, seller notes and contingent consideration separately; track identifiable assets, goodwill and subsequent integration spending.
Financial outcomes
Verify the acquired business's contribution, acquisition cash outflows and capital tied up; recorded goodwill is not distributable cash.
Testing price implications
Test whether incremental cash returns justify the consideration paid before assessing per-share value; consolidated acquired revenue is not the same as synergy benefits.

Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.

Operating data to test the relationship

ETN · Company-specific metric definitions and classifications

Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.

Profit and costs

Can revenue growth translate into earnings attributable to shareholders?

Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.

Operating metric	Latest value	Definition and boundaries
Net margin ↗2026-06-30 · Research calculation	9.62%	Definition and boundaries Selected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / revenue ↗2026-06-30 · Research calculation	13.21%	Definition and boundaries Operating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(CFO − cash purchases of PP&E) / revenue ↗2026-06-30 · Research calculation	10.24%	Definition and boundaries (Operating cash flow − cash purchases of PP&E) / revenue × 100 A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Investment and funding needs

How much cash is required for construction and procurement before delivery?

Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.

Operating metric	Latest value	Definition and boundaries
Cash purchases of PP&E / revenue ↗2026-06-30 · Research calculation	2.97%	Definition and boundaries Cash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Show remaining company metrics (3)

Other operating observations

What verifiable information does this metric provide about this relationship?

Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.

Operating metric	Latest value	Definition and boundaries
Revenue growth YoY ↗2026-06-30 · Research calculation	21.39%	Definition and boundaries (Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Operating cash flow / net income ↗2026-06-30 · Research calculation	1.37 x	Definition and boundaries Operating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
(Net income − operating cash flow) / revenue ↗2026-06-30 · Research calculation	-3.59%	Definition and boundaries (Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.

Related companies in the value chain 17 companies · Data-center infrastructure (power / cooling)

Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.

Search all operating metrics and calculation methods

Operating metric search

Test relationship hypotheses against actual operating series, with their definitions, periods and calculation methods.

Historical research methodology

Company7 / 7 items

Operating metric	Latest value	Period / classification	Definition and interpretation boundaries	Analysis
Revenue growth YoY	21.39%	2026-06-30Research calculation	(Current-period revenue / comparable prior-year revenue − 1) × 100Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Net margin	9.62%	2026-06-30Research calculation	Selected net-income concept / revenue × 100May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / revenue	13.21%	2026-06-30Research calculation	Operating cash flow / revenue × 100Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(CFO − cash purchases of PP&E) / revenue	10.24%	2026-06-30Research calculation	(Operating cash flow − cash purchases of PP&E) / revenue × 100A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Operating cash flow / net income	1.37 x	2026-06-30Research calculation	Operating cash flow / net income（Net income > 0）Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
Cash purchases of PP&E / revenue	2.97%	2026-06-30Research calculation	Cash purchases of PP&E / revenue × 100Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗
(Net income − operating cash flow) / revenue	-3.59%	2026-06-30Research calculation	(Net income − operating cash flow) / revenue × 100The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.	View full series ↗

Source grades, dates and quantitative definitions

A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source

Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.

Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.

Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.

EVIDENCE & SOURCES

Data and calculation basis

Sources and filing versions

Quotes and valuation

2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.

The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.

Original verification notes

first-provider-observation-listing-date-not-verified

Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.

Nasdaq Quote source page Price-history source page

Financial statements

Reporting period 2026-06-30; filed 2026-07-31. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.

SEC Company filings Raw financial data · JSON

Business evidence

Based on value-chain records; original operating disclosures are still needed. · As of 2026-09-25

Citations: 10 · Documents: 4 · Duplicate documents are grouped; individual source locations are retained

1ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions noteValue-chain archive · 7 citations

References 1

Relationship record; the source-document page reference is unavailable · Document date unverified

Source excerpt, recorded evidence grade A; the full document has not been reverified. Original dates may refer to contracts or reporting periods, rather than publication.

References 2

Relationship record; the source-document page reference is unavailable · Document date unverified

Source excerpt, recorded evidence grade A; the full document has not been reverified. Original dates may refer to contracts or reporting periods, rather than publication.

References 4

ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 5

ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 6

ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 7

ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

References 8

ETN 10-Q 0001551182-26-000030 (2026-06-30) acquisitions note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

3Issuer / authority original 2026-09-25 [B]Value-chain archive

Relationship record; the source-document page reference is unavailable · Document date 2026-09-25

Source excerpt, recorded evidence grade B; the full document has not been reverified. Original dates may refer to contracts or reporting periods, rather than publication.

Open source

9ETN 10-Q 0001551182-26-000030 (2026-06-30) pending separation noteValue-chain archive

ETN 10-Q 0001551182-26-000030 (2026-06-30) pending separation note · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

10Issuer / authority original 2026-09-25 [B]Value-chain archive

Issuer / authority original 2026-09-25 [B] · Document date unverified

Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.

Open source

Missing evidence

Company-specific operating KPIs are not yet available; financial ratios do not substitute for evidence about products, orders or capacity.

Relationships: Company announcements, framework intentions and signed agreements are distinguished. Contract amounts do not represent payments already made. Records without sources are flagged separately.
Version: 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644