EMERSON ELECTRIC CO EMR
Emerson Electric Co. ("Emerson", "we", "us", "our" or the "Company") is a global technology and software company that provides innovative solutions for customers in a wide range of end markets around the world. Through its leading automation portfolio, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. Sales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.
Portfolio management is an integral component of Emerson's growth and value creation strategy. Over the past three years, the Company has taken significant actions to accelerate the transformation of its portfolio through the completion of strategic acquisitions and divestitures of non-core businesses. These actions were undertaken to create a cohesive, higher growth, higher margin industrial technology portfolio, and the Company is now a global automation leader serving a diversified set of end markets. The Company's recent portfolio actions include the following transactions (note that all dollars in Item 1 are in millions, except where noted):
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.02B | $17.49B | $15.16B | $13.80B | $12.93B | $16.79B | $18.37B | $17.41B | $15.26B | $14.52B |
| Cost of revenue | $8.50B | $8.61B | $7.74B | $7.50B | $7.20B | $9.78B | $10.56B | $9.98B | $8.83B | $8.26B |
| Gross profit | $9.52B | $8.88B | $7.43B | $6.31B | $7.56B | $7.01B | $7.82B | $7.43B | $6.40B | $6.26B |
| R&D | $771.0M | $781.0M | $523.0M | $385.0M | $347.0M | $439.0M | $454.0M | $436.0M | $340.0M | $320.0M |
| SG&A | $5.10B | $5.14B | $4.19B | $3.61B | $3.49B | $3.99B | $4.46B | $4.27B | $3.61B | $3.46B |
| Interest expense | — | — | — | — | $147.0M | — | — | — | — | — |
| Pre-tax income | $2.93B | $2.02B | $2.90B | $2.43B | $1.76B | $2.33B | $2.86B | $2.67B | $2.33B | $2.32B |
| Income tax | $696.0M | $415.0M | $642.0M | $549.0M | $346.0M | $345.0M | $531.0M | $443.0M | $660.0M | $697.0M |
| Net income | $2.29B | $1.97B | $13.22B | $3.23B | $2.30B | $1.97B | $2.31B | $2.20B | $1.52B | $1.64B |
| EPS, basic | 4.06 | 3.44 | 23.00 | 5.44 | 3.85 | 3.26 | 3.74 | 3.48 | 2.35 | 2.53 |
| EPS, diluted | 4.04 | 3.43 | 22.88 | 5.41 | 3.82 | 3.24 | 3.71 | 3.46 | 2.35 | 2.52 |
| Shares, diluted (wtd. avg.) | 566.7M | 574.0M | 577.3M | 596.3M | 601.8M | 606.6M | 620.6M | 635.3M | 643.4M | 646.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.54B | $3.59B | $8.05B | $1.80B | $2.35B | $3.31B | $1.49B | $1.09B | $3.06B | $3.18B |
| Short-term investments | — | — | — | — | — | — | — | — | — | $99.0M |
| Receivables | $3.10B | $2.93B | $2.52B | $2.26B | $2.97B | $2.80B | $2.98B | $3.02B | $3.07B | $2.70B |
| Inventory | $2.21B | $2.18B | $2.01B | $1.74B | $2.05B | $1.93B | $1.88B | $1.81B | $1.70B | $1.21B |
| Total current assets | $8.58B | $10.19B | $13.82B | $8.51B | $8.43B | $8.81B | $7.14B | $6.62B | $8.25B | $9.96B |
| Property, plant and equipment | $2.87B | $2.81B | $2.36B | $2.24B | $3.74B | $3.69B | $3.64B | $3.56B | $3.32B | $2.93B |
| Goodwill | $18.19B | $18.07B | $14.48B | $13.95B | $6.97B | $6.73B | $6.54B | $6.46B | $5.32B | $3.91B |
| Other intangibles | $9.46B | $10.44B | $6.26B | $6.57B | $2.88B | $2.47B | $2.62B | $2.75B | $1.89B | $902.0M |
| Total assets | $41.96B | $44.25B | $42.75B | $35.67B | $24.71B | $22.88B | $20.50B | $20.39B | $19.59B | $21.73B |
| Accounts payable | $1.38B | $1.33B | $1.27B | $1.28B | $2.11B | $1.72B | $1.87B | $1.94B | $1.78B | $1.52B |
| Short-term debt | $605.0M | $532.0M | $546.0M | $516.0M | $538.0M | $322.0M | $515.0M | $688.0M | $270.0M | $267.0M |
| Total current liabilities | $9.80B | $5.74B | $5.03B | $7.78B | $6.25B | $5.79B | $5.98B | $6.16B | $5.04B | $8.01B |
| Long-term debt | $8.32B | $7.16B | $7.61B | $8.26B | $5.79B | $6.33B | $4.28B | $3.14B | $3.79B | $4.05B |
| Retained earnings | $40.60B | $40.83B | $40.07B | $28.05B | $26.05B | $24.95B | $24.20B | $23.07B | $22.00B | $21.72B |
| Total equity | $20.28B | $21.64B | $26.60B | $16.32B | $9.92B | $8.40B | $8.23B | $8.95B | $8.72B | $7.57B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.10B | $3.33B | $637.0M | $2.92B | $3.58B | $3.08B | $3.01B | $2.89B | $1.91B | $2.88B |
| Depreciation and amortisation | $1.52B | $1.69B | $1.05B | $842.0M | $762.0M | $854.0M | $822.0M | $758.0M | $636.0M | $568.0M |
| Stock-based compensation | $263.0M | $260.0M | $250.0M | $125.0M | $197.0M | $110.0M | $120.0M | $216.0M | $110.0M | — |
| Capital expenditure | $431.0M | $419.0M | $363.0M | $299.0M | $404.0M | $538.0M | $594.0M | $617.0M | $476.0M | $447.0M |
| Investing cash flow | -$593.0M | -$5.36B | $12.41B | -$5.33B | -$2.12B | -$740.0M | -$1.17B | -$2.72B | $1.51B | -$626.0M |
| Financing cash flow | -$4.51B | -$2.46B | -$6.82B | $2.05B | -$2.42B | -$509.0M | -$1.39B | -$2.09B | -$3.59B | -$2.04B |
| Dividends paid | $1.19B | $1.20B | $1.20B | $1.22B | $1.21B | $1.21B | $1.21B | $1.23B | $1.24B | $1.23B |
| Buybacks | $1.17B | $435.0M | $2.00B | $500.0M | $500.0M | $942.0M | $1.25B | $1.00B | $400.0M | $601.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000032604-25-000087.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.52B | $15.26B | $17.41B | $18.37B | $16.79B | $12.93B | $13.80B | $15.16B | $17.49B | $18.02B |
| Gross profit | $6.26B | $6.40B | $7.43B | $7.82B | $7.01B | $7.56B | $6.31B | $7.43B | $8.88B | $9.52B |
| Net income | $1.64B | $1.52B | $2.20B | $2.31B | $1.97B | $2.30B | $3.23B | $13.22B | $1.97B | $2.29B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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