Emerson Electric Co. (EMR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.68	$1.71	+1.8%	—	—	—
Q4 26	$1.53	$1.54	+0.7%	—	—	—
Q3 26	$1.41	$1.46	+3.5%	—	—	—
Q2 26	$1.62	$1.62	0.0%	—	—	—
Q1 26	$1.51	$1.52	+0.7%	—	—	—
Q4 25	$1.41	$1.48	+5.0%	—	—	—
Q3 25	$1.28	$1.38	+7.8%	—	—	—
Q2 25	$1.47	$1.48	+0.7%	—	—	—
Q1 25	$1.41	$1.43	+1.4%	—	—	—
Q4 24	$1.25	$1.36	+8.8%	—	—	—
Q3 24	$1.04	$1.22	+17.3%	—	—	—
Q2 24	$1.31	$1.29	-1.5%	—	—	—
Q1 24	$1.1	$1.29	+17.3%	—	—	—
Q4 23	$0.97	$1.09	+12.4%	—	—	—
Q3 23	$0.87	$0.78	-10.3%	—	—	—
Q2 23	$1.39	$1.53	+10.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.07	—	—	$18B	—
FY24	—	$3.45	—	—	$17.5B	—
FY23	—	$23	—	—	$15.2B	—
FY22	—	$5.46	—	—	$13.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$14.5B	$15.3B	$17.4B	$18.4B	$16.8B	$12.9B	$13.8B	$15.2B	$17.5B	$18B
YoY change	-10.6%	+5.11%	+14%	+5.54%	-8.64%	-23%	+6.74%	+9.86%	+15.3%	+3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	14.5B	15.3B	17.4B	18.4B	16.8B	12.9B	13.8B	15.2B	17.5B	18B
Cost of revenue	8.3B	8.8B	10B	10.6B	9.8B	7.2B	7.5B	7.7B	8.6B	8.5B
Gross profit	6.3B	6.4B	7.4B	7.8B	7B	5.7B	6.3B	7.4B	8.9B	9.5B
Gross margin	43.1%	42.1%	42.7%	42.5%	41.8%	44.3%	45.7%	49%	50.8%	52.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.5B	3.6B	4.3B	4.5B	4B	3.5B	3.6B	4.2B	5.1B	5.1B
Operating expenses	3.5B	3.6B	4.3B	4.5B	4B	3.5B	3.6B	4.2B	5.1B	5.1B
Operating income	2.7B	2.7B	3B	3.1B	2.8B	2B	2.4B	2.8B	2.7B	3.5B
Operating margin	18.7%	17.6%	17%	17%	16.6%	15.1%	17.1%	18.2%	15.2%	19.6%
Non-operating income, net	-210M	-188M	-126M	-87M	-293M	-42M	270M	137M	-557M	-361M
Pretax income	2.3B	2.3B	2.7B	2.9B	2.3B	1.8B	2.4B	2.9B	2B	2.9B
Income tax	697M	660M	443M	531M	345M	346M	549M	642M	415M	696M
Net income	1.7B	1.6B	2.2B	2.3B	2B	2.3B	3.2B	13.2B	2B	2.2B
Net margin	11.5%	10.2%	12.8%	12.7%	11.9%	18%	23.4%	87%	11.2%	12.5%
EBITDA	3.2B	3.3B	3.7B	4B	3.7B	2.8B	3.8B	4.4B	4.5B	5.3B
EPS	2.54	2.37	3.5	3.77	3.29	3.87	5.46	23	3.45	4.07
Diluted EPS	2.52	2.35	3.46	3.71	3.24	3.82	5.41	22.9	3.43	4.04

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	4.1B	4.1B	4.4B	4.4B	4.6B	4.2B	4.4B	4.6B	4.9B	4.3B	4.6B	4.9B
Cost of revenue	2.1B	2.2B	2.1B	2.1B	2.2B	1.9B	2.1B	2.2B	2.3B	2B	2.1B	2.2B
Gross profit	2B	1.9B	2.3B	2.3B	2.4B	2.2B	2.4B	2.4B	2.5B	2.3B	2.4B	2.7B
Gross margin	49.2%	46.5%	52.2%	52.8%	51.3%	53.5%	53.5%	52.6%	51.9%	53.2%	53.1%	54.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	1.3B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B
Operating expenses	1.1B	1.3B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B
Operating income	773M	365M	715M	796M	790M	782M	859M	908M	982M	864M	901M	1.1B
Operating margin	18.9%	8.87%	16.3%	18.2%	17.1%	18.7%	19.4%	19.9%	20.2%	19.9%	19.8%	22.7%
Non-operating income, net	23M	-213M	-37M	-309M	-93M	1M	-189M	-79M	-94M	1M	-24M	-107M
Pretax income	904M	139M	652M	455M	679M	775M	629M	734M	796M	775M	793M	916M
Income tax	209M	7M	149M	88M	149M	182M	199M	154M	160M	169M	175M	198M
Net income	738M	132M	503M	352M	968M	593M	430M	586M	637M	606M	618M	718M
Net margin	18%	3.21%	11.5%	8.04%	21%	14.2%	9.7%	12.9%	13.1%	13.9%	13.5%	14.7%
EBITDA	1.3B	842M	1.3B	1.3B	1.1B	1.2B	1.3B	1.3B	1.5B	1.3B	1.3B	1.5B
EPS	1.3	0.25	0.87	0.58	1.75	1.04	0.86	1.04	1.13	1.08	1.1	1.28
Diluted EPS	1.29	0.25	0.87	0.57	1.73	1.02	0.86	1.04	1.12	1.07	1.1	1.28

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	35B	40.3B	48.2B	40.9B	39.2B	56.1B	43.3B	55.5B	62.4B	73.8B	89.3B
Enterprise value	38.5B	41.9B	51.9B	45.1B	43.8B	60.8B	52.2B	56B	67B	86B	99.9B
Shares outstanding	642.8M	641.7M	629.2M	611M	598M	595.8M	591.4M	574.2M	570.2M	562.8M	562.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.1	26	21.7	17.5	19.7	24.1	13.4	4.2	31.9	32.9	35
P/S	2.41	2.64	2.77	2.22	2.34	4.34	3.14	3.66	3.57	4.1	4.8
P/B	4.6	4.6	5.36	4.94	4.64	5.66	2.65	2.08	2.27	3.64	4.37
EV/EBITDA	12	12.9	14	11.3	11.9	21.7	13.8	12.8	15	16.3	16.5
EV/Sales	2.65	2.75	2.98	2.45	2.61	4.71	3.78	3.69	3.83	4.78	5.36
Earnings yield	4.75%	3.84%	4.62%	5.7%	5.08%	4.15%	7.46%	23.8%	3.13%	3.04%	2.86%
FCF yield	6.95%	3.56%	4.72%	5.9%	6.49%	5.65%	6.06%	0.49%	4.67%	3.61%	4.15%
PEG	—	—	—	—	—	—	—	—	—	—	1.52

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	43.1%	42.1%	42.7%	42.5%	41.8%	44.3%	45.7%	49%	50.8%	52.8%	54.5%
Operating margin	18.7%	17.6%	17%	17%	16.6%	15.1%	17.1%	18.2%	15.2%	19.6%	26.9%
Net margin	11.5%	10.2%	12.8%	12.7%	11.9%	18%	23.4%	87%	11.2%	12.5%	13.8%
ROE	21.8%	17.7%	24.7%	28.1%	23.6%	23.5%	19.8%	49.6%	7.11%	11.1%	12.8%
ROA	7.66%	7.91%	10.9%	11.4%	8.7%	9.42%	9.05%	30.9%	4.42%	5.35%	6.9%
ROIC	17.1%	18.6%	19.4%	20.3%	18.3%	10.7%	7.24%	7.93%	6.6%	8.29%	9.63%
Return on tangible assets	13.7%	29.9%	112.4%	106.1%	44.4%	66.2%	-60.2%	1K%	-15.3%	-16.8%	-22.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.24	1.64	1.07	1.19	1.52	1.35	1.09	2.75	1.77	0.88	0.9
Quick ratio	1.09	1.3	0.78	0.88	1.19	1.02	0.87	2.35	1.4	0.65	0.66
Debt / equity	0.87	0.53	0.53	0.69	0.93	0.71	0.65	0.32	0.3	0.68	0.68
Debt / assets	0.31	0.24	0.23	0.28	0.34	0.29	0.3	0.2	0.19	0.33	0.31
Net debt / EBITDA	1.08	0.49	0.99	1.06	1.24	1.69	2.35	0.12	1.03	2.31	1.95
Interest coverage	11.8	12.6	14.2	15.2	14.3	11.7	11.7	12.1	7.25	8.58	6.67
Effective tax rate	30.1%	28.3%	16.6%	18.6%	14.8%	19.6%	22.6%	22.1%	20.5%	23.7%	21.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	22.6	23.8	27.7	30.1	28.1	21.7	23.3	26.4	30.7	32	33.2
EPS (basic)	2.54	2.37	3.5	3.77	3.29	3.87	5.46	23	3.45	4.07	4.07
EPS (diluted)	2.52	2.35	3.46	3.71	3.24	3.82	5.41	22.9	3.43	4.04	4.57
Book value per share	11.9	13.7	14.3	13.5	14.1	16.7	27.6	46.3	48.2	36.1	36.5
FCF per share	3.79	2.24	3.62	3.95	4.26	5.32	4.44	0.48	5.11	4.74	6.17
Cash per share	4.95	4.77	1.74	2.45	5.54	3.95	3.05	14	6.29	2.74	3.91
Capex per share	—	—	—	—	—	—	—	—	—	0.77	0.81

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	2.39%	2.43%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	13.9%	11.6%
Payout ratio	73.7%	79.9%	55.3%	51.9%	60.8%	52%	37.9%	9.08%	61.4%	53.1%	48%
Dividend yield	3.5%	3.07%	2.55%	2.96%	3.08%	2.16%	2.82%	2.16%	1.93%	1.61%	1.39%

Yield

1.39%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.555

ex-dividend Aug 14, 2026

Payout ratio

48%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.555
May 15, 2026	$0.555
Feb 13, 2026	$0.555

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$4.1B	$4.1B	$4.4B	$4.4B	$4.6B	$4.2B	$4.4B	$4.6B	$4.9B	$4.3B	$4.6B	$4.9B
YoY change	-23.7%	+22.1%	+16.5%	+11%	+12.9%	+1.41%	+1.28%	+3.95%	+5.11%	+4.1%	+2.93%	+7.03%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.2B	3.1B	1.1B	1.5B	3.3B	2.4B	1.8B	8.1B	3.6B	1.5B
Receivables	2.7B	3.1B	3B	3B	2.8B	3B	2.3B	2.5B	2.9B	3.1B
Inventory	1.2B	1.7B	1.8B	1.9B	1.9B	2B	1.7B	2B	2.2B	2.2B
Total current assets	10B	8.3B	6.6B	7.1B	8.8B	8.4B	8.5B	13.8B	10.2B	8.6B
Property, plant & equipment	1.1B	1.3B	1.4B	1.4B	1.4B	1.2B	739M	605M	759M	1.4B
Goodwill & intangibles	9.6B	14.4B	18.4B	18.3B	18.4B	21.2B	41B	41.5B	57B	55.3B
Total assets	21.7B	19.6B	20.4B	20.5B	22.9B	24.7B	35.7B	42.7B	44.2B	42B
Accounts payable	1.5B	1.8B	1.9B	1.9B	1.7B	2.1B	1.3B	1.3B	1.3B	1.4B
Short-term debt	2.6B	862M	1.6B	1.4B	1.2B	872M	2.1B	547M	532M	4.9B
Total current liabilities	8B	5B	6.2B	6B	5.8B	6.2B	7.8B	5B	5.7B	9.8B
Long-term debt	4.1B	3.8B	3.1B	4.3B	6.7B	6.2B	8.6B	8B	7.7B	8.8B
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	8.8B	9B	8.3B	8.4B	9.9B	16.3B	26.6B	27.5B	20.3B
Total debt	6.6B	4.7B	4.8B	5.7B	7.9B	7.1B	10.7B	8.6B	8.2B	13.8B
Net debt	3.5B	1.6B	3.7B	4.2B	4.5B	4.7B	8.9B	510M	4.6B	12.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	8.1B	2.1B	2.3B	2.3B	3.6B	2.8B	1.9B	2.2B	1.5B	1.7B	1.8B	2.2B
Receivables	2.5B	2.8B	2.9B	2.8B	2.9B	2.7B	2.9B	2.9B	3.1B	3B	3.2B	3.1B
Inventory	2B	2.4B	2.4B	2.3B	2.2B	2.2B	2.2B	2.3B	2.2B	2.4B	2.5B	2.5B
Total current assets	13.8B	8.7B	9B	8.8B	10.2B	9.2B	8.6B	9.1B	8.6B	8.8B	9.3B	9.7B
Property, plant & equipment	605M	3.3B	3.4B	2.7B	759M	-3.3B	-3.4B	-3.5B	1.4B	3.5B	3.5B	3.5B
Goodwill & intangibles	41.5B	58.5B	57.9B	57.1B	57B	55.9B	55.6B	55.7B	55.3B	54.8B	54.2B	53.6B
Total assets	42.7B	46.5B	46.4B	45.6B	44.2B	42.6B	42B	42.5B	42B	41.9B	42.1B	42.2B
Accounts payable	1.3B	1.2B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.4B	1.3B	1.5B	1.6B
Short-term debt	547M	3.4B	3.3B	3.1B	532M	1.1B	6.2B	6.1B	4.9B	5.8B	5.9B	5.7B
Total current liabilities	5B	7.8B	7.7B	7.6B	5.7B	6B	10.8B	10.7B	9.8B	10.5B	10.7B	10.8B
Long-term debt	8B	8.1B	8.1B	7.6B	7.7B	6.6B	8.7B	8.8B	8.8B	8.1B	8.1B	7.5B
Total liabilities	16.1B	20B	19.7B	18.9B	16.7B	16.2B	22.7B	22.6B	21.7B	21.6B	21.8B	21.8B
Shareholders' equity	26.6B	26.6B	26.8B	26.7B	27.5B	26.4B	19.3B	19.9B	20.3B	20.3B	20.3B	20.4B
Total debt	8.6B	11.5B	11.4B	10.8B	8.2B	7.6B	14.9B	14.9B	13.8B	13.9B	14.1B	13.3B
Net debt	510M	9.4B	9.1B	8.5B	4.6B	4.8B	13B	12.7B	12.2B	12.2B	12.3B	11.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.6B	1.7B	2.2B	2.3B	2B	1.4B	1.9B	2.3B	1.6B	2.2B
Depreciation & amortization	568M	636M	758M	822M	854M	762M	842M	1.1B	1.7B	1.5B
Stock-based compensation	—	110M	216M	120M	110M	197M	125M	250M	260M	263M
Change in working capital	194M	130M	-85M	-160M	38M	-13M	-386M	-369M	-142M	-290M
Operating cash flow	2.7B	2.6B	2.9B	3.1B	3B	2.3B	2.5B	2.8B	3.2B	3.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	-431M
Investing cash flow	-102M	-3.1B	-2.1B	-580M	-202M	-1.6B	-5.4B	248M	-8.4B	-593M
Dividends paid	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B	-1.2B
Share repurchases	-601M	-400M	-1B	-1.3B	-942M	-500M	-500M	-2.2B	-643M	-1.2B
Financing cash flow	-3.3B	-5.3B	-2.1B	-1.4B	-1.6B	-3B	883M	-8.8B	-2.8B	-9.4B
Net change in cash	-689M	-5.8B	-1.3B	1.1B	1.1B	-2.3B	-2B	-5.8B	-7.9B	-6.9B
Free cash flow	2.4B	1.4B	2.3B	2.4B	2.5B	3.2B	2.6B	274M	2.9B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	695M	132M	476M	367M	530M	593M	429M	580M	636M	606M	618M	718M
Depreciation & amortization	271M	422M	424M	417M	426M	383M	384M	372M	379M	359M	369M	377M
Stock-based compensation	52M	74M	73M	56M	57M	68M	59M	71M	65M	55M	58M	68M
Change in working capital	48M	-95M	-101M	15M	39M	12M	-231M	-28M	-43M	-107M	-259M	102M
Operating cash flow	1.2B	596M	1.1B	632M	1.2B	943M	644M	1.1B	1B	699M	779M	1.4B
Capital expenditure	—	—	—	—	—	—	—	-93M	-168M	-97M	-85M	-102M
Investing cash flow	-737M	-8.4B	45M	-18M	-107M	-59M	-35M	-129M	-200M	-125M	-81M	-116M
Dividends paid	-298M	-300M	-300M	-301M	-300M	-301M	-297M	-297M	-297M	-312M	-312M	-311M
Share repurchases	-114M	-247M	-57M	-59M	-280M	-899M	-223M	-25M	-20M	-250M	-292M	-356M
Financing cash flow	-623M	2.1B	-442M	-1.1B	-3.3B	-1.3B	-2.6B	-2B	-5.1B	-2.9B	-3.7B	-2.3B
Net change in cash	-209M	-5.7B	704M	-515M	-2.2B	-407M	-2B	-1B	-4.3B	-2.4B	-3B	-1B
Free cash flow	-812M	338M	661M	998M	916M	694M	154M	977M	842M	602M	694M	1.3B

Date	Ratio
Dec 12, 2006	2:1
Mar 11, 1997	2:1
Sep 11, 1987	3:1
Aug 21, 1973	2:1

Emerson Electric Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history