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Emerson Electric

EMR NYSE Electrical Components & Equipment Financials FY2016–FY2025

Emerson Electric's revenue rose 3.0% to $18.0 billion in fiscal 2025. Its net margin was 12.7%, up from 11.2% a year earlier. Free cash flow was $2.7 billion, down 8.4%. It paid out $2.4 billion in dividends and buybacks, 88% of free cash flow. The diluted share count fell 1.3%.

Last close · Oct 23, 2026

$161.59

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$18.0B
3.0% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$2.3B
16.5%
Free cash flow Cash from operations minus capital spending.
$2.7B
8.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.6%
1.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$90.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
35.4x
On $4.57 EPS (TTM)

What Emerson Electric does

No business description yet.

Legal name
EMERSON ELECTRIC CO.
Fiscal year ends
September 30, 2025
Latest annual report
—
Accession · CIK
0000032604-25-000087
0000032604

Revenue and margins

Emerson Electric had $18.0B of revenue in fiscal 2025, up 3.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 5.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $2.7B in fiscal 2025, 14.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Emerson Electric returned $2.4B to shareholders in fiscal 2025, 88% of free cash flow. The diluted share count fell 1.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Emerson Electric yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$11.6B and divides by 566.7M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 35.4x · peers 38.6x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Emerson Electric can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $2.4B$1.8B$8.1B$3.6B$1.5B
Debt incl. finance leases $6.7B$10.4B$8.2B$7.7B$13.1B
Net debt / EBITDA 1.6x2.5x0.0x1.1x2.5x
Debt / equity 0.7x1.0x0.4x0.4x0.7x
Interest coverage 13.0x13.2x15.5x11.5x14.3x
Current ratio 1.4x1.1x2.8x1.8x0.9x
Quick ratio 1.0x0.9x2.4x1.4x0.7x
Total assets $24.7B$35.7B$42.7B$44.2B$42.0B
Total liabilities $14.8B$19.4B$16.1B$16.7B$21.7B
Shareholders' equity $9.9B$10.4B$20.7B$21.6B$20.3B
Net debt (− = net cash) $4.3B$8.6B$106M$4.1B$11.6B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$7.9M

6 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 11, 2026 Surendralal Lanca KarsanbhaiPresident & CEO, Director Sold 9,650 $161.91 $1.6M Form 4
Aug 6, 2026 Michael H. TrainSVP & Chief Sustain Officer Sold 7,329 $158.99 $1.2M Form 4
Jun 1, 2026 Ram R. KrishnanExecutive Vice Pres & COO Sold 11,500 $141.22 $1.6M Form 4
Mar 10, 2026 Surendralal Lanca KarsanbhaiPresident & CEO, Director Sold 5,700 $142.32 $0.8M Form 4
Feb 10, 2026 Matthew S LevatichDirector Sold 1,476 $162.16 $0.2M Form 4
Feb 9, 2026 Nicholas J. PiazzaSenior VP & CPO Sold 6,703 $159.07 $1.1M Form 4
Feb 5, 2026 Mark A BlinnDirector Sold 2,876 $152.62 $0.4M Form 4
Dec 3, 2025 Surendralal Lanca KarsanbhaiPresident & CEO, Director Sold 7,263 $133.00 $1.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✕ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✕ ✕
F-score 7 / 96 / 96 / 9
Accruals ratio 32.1%−3.1%−1.9%
Altman Z'' 6.625.734.45

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Emerson Electric EMR $90.7B 3.0% — 14.8% 7.6% 35.4x 6
Eaton ETN $142.6B 10.3% — 12.9% 15.8% 37.2x 6 Compare →
Vertiv VRT $76.3B 27.7% 17.9% 18.5% 30.2% 44.0x 6 Compare →
Rockwell Automation ROK $47.6B 0.9% 20.4% 16.3% 20.9% 39.9x 8 Compare →
Ametek AME $55.2B 6.6% 25.8% 22.6% 13.2% 35.1x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $14.5B $15.3B $17.4B $18.4B $16.8B $12.9B $13.8B $15.2B $17.5B $18.0B
Gross profit $6.3B $6.4B $7.4B $7.8B $7.0B $7.6B $6.3B $7.4B $8.9B $9.5B
Research and development $320M $340M $436M $454M $439M $347M $385M $523M $781M $771M
Interest expense $209M $192M $193M $195M $163M $147M $199M $200M $193M $221M
Pretax income $2.3B $2.3B $2.7B $2.9B $2.3B $1.8B $2.4B $2.9B $2.0B $2.9B
Income tax $697M $660M $443M $531M $345M $346M $549M $642M $415M $696M
Net income $1.6B $1.5B $2.2B $2.3B $2.0B $2.3B $3.2B $13.2B $2.0B $2.3B
Diluted EPS $2.52 $2.35 $3.46 $3.71 $3.24 $3.82 $5.41 $22.88 $3.43 $4.04
Diluted shares 0.65B 0.64B 0.64B 0.62B 0.61B 0.60B 0.60B 0.58B 0.57B 0.57B
Cash flow
Cash from operations $2.9B $1.9B $2.9B $3.0B $3.1B $3.6B $2.9B $637M $3.3B $3.1B
Capital expenditure $447M $476M $617M $594M $538M $404M $299M $363M $419M $431M
Free cash flow $2.4B $1.4B $2.3B $2.4B $2.5B $3.2B $2.6B $274M $2.9B $2.7B
Depreciation and amortization $568M $636M $758M $822M $854M $762M $842M $1.1B $1.7B $1.5B
Stock-based compensation $145M $110M $216M $120M $110M $197M $125M $250M $260M $263M
Acquisitions $132M $3.0B $2.2B $469M $126M $1.6B $5.7B $705M $8.3B $37.0M
Share buybacks $601M $400M $1.0B $1.3B $942M $500M $500M $2.0B $435M $1.2B
Dividends paid $1.2B $1.2B $1.2B $1.2B $1.2B $1.2B $1.2B $1.2B $1.2B $1.2B
Dividends and buybacks $1.8B $1.6B $2.2B $2.5B $2.2B $1.7B $1.7B $3.2B $1.6B $2.4B
Balance sheet
Cash and short-term investments $3.3B $3.1B $1.1B $1.5B $3.3B $2.4B $1.8B $8.1B $3.6B $1.5B
Total debt $6.6B $4.7B $4.8B $5.7B $7.5B $6.7B $10.4B $8.2B $7.7B $13.1B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $10.0B $8.3B $6.6B $7.1B $8.8B $8.4B $8.5B $13.8B $10.2B $8.6B
Current liabilities $8.0B $5.0B $6.2B $6.0B $5.8B $6.2B $7.8B $5.0B $5.7B $9.8B
Inventory $1.2B $1.7B $1.8B $1.9B $1.9B $2.1B $1.7B $2.0B $2.2B $2.2B
Property and equipment, net $2.9B $3.3B $3.6B $3.6B $3.7B $3.7B $2.2B $2.4B $2.8B $2.9B
Total assets $21.7B $19.6B $20.4B $20.5B $22.9B $24.7B $35.7B $42.7B $44.2B $42.0B
Total liabilities $14.1B $10.8B $11.4B $12.2B $14.4B $14.8B $19.4B $16.1B $16.7B $21.7B
Shareholders' equity $7.6B $8.7B $8.9B $8.2B $8.4B $9.9B $10.4B $20.7B $21.6B $20.3B
Margins
Gross margin 43.1% 42.0% 42.7% 42.5% 41.8% 58.5% 45.7% 49.0% 50.8% 52.8%
EBITDA margin 21.3% 20.7% 20.8% 21.1% 20.0% 20.7% 25.2% 27.4% 22.3% 25.9%
Net margin 11.3% 9.9% 12.7% 12.6% 11.7% 17.8% 23.4% 87.2% 11.3% 12.7%
FCF margin 16.8% 9.4% 13.1% 13.1% 15.2% 24.5% 19.0% 1.8% 16.7% 14.8%
Returns
Return on capital 15.5% 17.0% 20.7% 19.8% 17.0% 11.4% 10.4% 9.4% 6.0% 7.6%
Return on capital employed 18.0% 17.9% 19.9% 21.3% 15.8% 10.7% 11.4% 9.5% 5.8% 8.9%
Return on equity 20.9% 18.6% 24.9% 26.9% 23.6% 25.2% 31.9% 85.1% 9.3% 10.9%
Return on assets 7.5% 7.4% 11.0% 11.3% 9.1% 9.7% 10.7% 33.7% 4.5% 5.3%
Growth
Revenue growth −10.6% 5.1% 14.1% 5.5% −8.6% −23.0% 6.7% 9.9% 15.3% 3.0%
Net income growth −39.7% −7.2% 45.1% 4.7% −14.8% 17.2% 40.3% 309.1% −85.1% 16.5%
EPS growth −36.8% −6.8% 47.2% 7.2% −12.7% 17.9% 41.6% 322.9% −85.0% 17.8%
FCF growth 25.4% −41.0% 58.4% 6.0% 5.5% 24.6% −17.3% −89.6% 963.1% −8.4%
Share count change −4.4% −0.5% −1.3% −2.3% −2.3% −0.8% −0.9% −3.2% −0.6% −1.3%
Financial health
Net debt / EBITDA 1.1x 0.5x 1.0x 1.1x 1.2x 1.6x 2.5x 0.0x 1.1x 2.5x
Debt / equity 0.9x 0.5x 0.5x 0.7x 0.9x 0.7x 1.0x 0.4x 0.4x 0.7x
Interest coverage 12.1x 13.2x 14.8x 15.7x 15.3x 13.0x 13.2x 15.5x 11.5x 14.3x
Current ratio 1.2x 1.6x 1.1x 1.2x 1.5x 1.4x 1.1x 2.8x 1.8x 0.9x
Quick ratio 1.1x 1.3x 0.8x 0.9x 1.2x 1.0x 0.9x 2.4x 1.4x 0.7x
Capital allocation
Capex / revenue 3.1% 3.1% 3.5% 3.2% 3.2% 3.1% 2.2% 2.4% 2.4% 2.4%
Stock comp / revenue 1.0% 0.7% 1.2% 0.7% 0.7% 1.5% 0.9% 1.7% 1.5% 1.5%
Payouts / FCF 75.1% 114.1% 98.0% 102.0% 84.5% 53.9% 65.7% 1,167.2% 56.2% 88.5%
Quality scores
Piotroski F-score 4.0 7.0 7.0 7.0 5.0 7.0 4.0 7.0 6.0 6.0
Altman Z'' 5.2 6.5 5.6 5.9 5.8 5.2 4.1 6.6 5.7 4.5
Accruals ratio −5.7% −1.9% −3.5% −3.4% −5.2% −5.3% 1.0% 32.1% −3.1% −1.9%

Source: SEC EDGAR XBRL filings (CIK 0000032604). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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