NYSE : EMR
Emerson Electric Co. — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 164.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 92.00B
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Financial statements
Emerson Electric Co. (EMR) reported revenue of 18.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 18.64B | 18.02B | 17.49B | 15.16B | 13.80B | 12.93B |
| Cost of Revenue | 8.73B | 8.50B | 8.38B | 7.74B | 7.50B | 7.20B |
| Gross Profit | 9.91B | 9.52B | 9.12B | 7.43B | 6.31B | 5.73B |
| Selling, General & Admin | 5.23B | 5.10B | 5.14B | 4.19B | 3.61B | 3.49B |
| Other Operating Expenses | 226.00M | 206.00M | ||||
| Operating Expenses | 5.23B | 5.10B | 5.14B | 4.19B | 3.84B | 3.70B |
| Operating Income | 4.67B | 4.42B | 3.97B | 3.24B | 2.47B | 2.03B |
| Interest Expense | -457.00M | -387.00M | -323.00M | -261.00M | -228.00M | -165.00M |
| Interest & Investment Income | 107.00M | 150.00M | 234.00M | 268.00M | 34.00M | 10.00M |
| Currency Exchange Gain (Loss) | -70.00M | -92.00M | -105.00M | -50.00M | -12.00M | -2.00M |
| Other Non Operating Income (Expenses) | -711.00M | -803.00M | -957.00M | -337.00M | ||
| EBT Excluding Unusual Items | 3.54B | 3.28B | 2.82B | 2.86B | 2.26B | 1.87B |
| Merger & Restructuring Charges | -264.00M | -350.00M | -555.00M | -188.00M | -311.00M | -132.00M |
| Gain (Loss) on Sale of Investments | 79.00M | 230.00M | 483.00M | 21.00M | ||
| Gain (Loss) on Sale of Assets | -48.00M | |||||
| Other Unusual Items | -279.00M | |||||
| Pretax Income | 3.28B | 2.93B | 2.02B | 2.90B | 2.43B | 1.76B |
| Income Tax Expense | 702.00M | 696.00M | 415.00M | 642.00M | 549.00M | 346.00M |
| Earnings From Continuing Operations | 2.58B | 2.24B | 1.60B | 2.26B | 1.88B | 1.42B |
| Earnings From Discontinued Operations | 1.00M | 8.00M | 350.00M | 10.94B | 1.35B | 911.00M |
| Net Income to Company | 2.58B | 2.25B | 1.96B | 13.20B | 3.23B | 2.33B |
| Minority Interest in Earnings | -2.00M | 47.00M | 13.00M | 19.00M | 1.00M | -24.00M |
| Net Income | 2.58B | 2.29B | 1.97B | 13.22B | 3.23B | 2.30B |
| Net Income to Common | 2.58B | 2.29B | 1.97B | 13.22B | 3.23B | 2.30B |
| Shares Outstanding (Basic) | 560.92M | 564.00M | 571.30M | 574.20M | 592.90M | 598.10M |
| Shares Outstanding (Diluted) | 563.40M | 566.70M | 574.00M | 577.30M | 596.30M | 601.80M |
| EPS (Basic) | 4.59 | 4.07 | 3.44 | 23.02 | 5.45 | 3.85 |
| EPS (Diluted) | 4.57 | 4.04 | 3.43 | 22.88 | 5.42 | 3.85 |
| Free Cash Flow | 3.46B | 2.67B | 2.91B | 274.00M | 2.62B | 3.17B |
| Free Cash Flow Per Share | 6.14 | 4.71 | 5.08 | 0.47 | 4.40 | 5.27 |
| Dividend Per Share | 2.19 | 2.11 | 2.10 | 2.08 | 2.06 | 2.02 |
| Gross Margin | 53.16% | 52.84% | 52.12% | 48.98% | 45.68% | 44.31% |
| Operating Margin | 25.09% | 24.51% | 22.72% | 21.37% | 17.86% | 15.70% |
| Profit Margin | 13.83% | 12.73% | 11.25% | 87.17% | 23.41% | 17.81% |
| Free Cash Flow Margin | 18.57% | 14.80% | 16.65% | 1.81% | 19.00% | 24.52% |
| EBITDA | 6.06B | 5.84B | 5.57B | 4.21B | 3.22B | 2.69B |
| EBITDA Margin | 32.51% | 32.43% | 31.85% | 27.73% | 23.34% | 20.83% |
| D&A For EBITDA | 1.38B | 1.43B | 1.60B | 965.00M | 756.00M | 664.00M |
| EBIT | 4.67B | 4.42B | 3.97B | 3.24B | 2.47B | 2.03B |
| EBIT Margin | 25.09% | 24.51% | 22.72% | 21.37% | 17.86% | 15.70% |
| Effective Tax Rate | 21.40% | 23.72% | 20.54% | 22.12% | 22.57% | 19.64% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.18B | 1.54B | 3.59B | 8.05B | 1.80B | 2.35B |
| Cash & Short-Term Investments | 2.18B | 1.54B | 3.59B | 8.05B | 1.80B | 2.35B |
| Receivables | 4.47B | 4.36B | 4.01B | 3.41B | 3.22B | 3.50B |
| Inventory | 2.51B | 2.21B | 2.18B | 2.01B | 1.74B | 2.05B |
| Other Current Assets | 487.00M | 463.00M | 417.00M | 350.00M | 1.74B | 529.00M |
| Total Current Assets | 9.65B | 8.58B | 10.19B | 13.82B | 8.51B | 8.43B |
| Property, Plant & Equipment | 3.53B | 3.51B | 3.50B | 2.91B | 2.68B | 4.30B |
| Goodwill | 18.12B | 18.19B | 18.07B | 14.48B | 13.95B | 7.72B |
| Other Intangible Assets | 8.69B | 9.46B | 10.44B | 6.26B | 6.57B | 2.88B |
| Long-Term Accounts Receivable | 593.00M | 621.00M | 519.00M | 559.00M | 428.00M | |
| Long-Term Deferred Tax Assets | 78.00M | 79.00M | 64.00M | 100.00M | 85.00M | 115.00M |
| Other Long-Term Assets | 1.55B | 1.52B | 1.47B | 1.36B | 3.46B | 1.27B |
| Total Assets | 42.21B | 41.96B | 44.25B | 42.75B | 35.67B | 24.71B |
| Accounts Payable | 1.61B | 1.38B | 1.33B | 1.27B | 1.28B | 2.11B |
| Accrued Expenses | 2.16B | 2.20B | 1.99B | 2.10B | 1.97B | 2.22B |
| Short-Term Debt | 5.59B | 4.19B | 1.00M | 1.60B | 334.00M | |
| Current Portion of Long-Term Debt | 605.00M | 532.00M | 546.00M | 516.00M | 538.00M | |
| Current Portion of Leases | 142.00M | 138.00M | 158.00M | 144.00M | 128.00M | 155.00M |
| Current Income Taxes Payable | 69.00M | 130.00M | 587.00M | |||
| Current Unearned Revenue | 1.13B | 1.03B | 1.04B | 861.00M | 751.00M | 730.00M |
| Other Current Liabilities | 75.00M | 113.00M | 102.00M | 106.00M | 1.54B | 158.00M |
| Total Current Liabilities | 10.77B | 9.80B | 5.74B | 5.03B | 7.78B | 6.25B |
| Long-Term Debt | 7.53B | 8.32B | 7.16B | 7.61B | 8.26B | 5.79B |
| Long-Term Leases | 547.00M | 505.00M | 511.00M | 404.00M | 312.00M | 413.00M |
| Pension & Post-Retirement Benefits | 453.00M | 467.00M | 466.00M | 435.00M | 427.00M | 676.00M |
| Long-Term Deferred Tax Liabilities | 1.70B | 1.82B | 2.14B | 1.97B | 1.71B | 711.00M |
| Other Long-Term Liabilities | 726.00M | 756.00M | 725.00M | 698.00M | 867.00M | 953.00M |
| Total Liabilities | 21.81B | 21.67B | 16.74B | 16.15B | 19.36B | 14.79B |
| Common Stock | 477.00M | 477.00M | 477.00M | 477.00M | 477.00M | 477.00M |
| Additional Paid-In Capital | 111.00M | 85.00M | 169.00M | 62.00M | 57.00M | 522.00M |
| Retained Earnings | 41.58B | 40.60B | 40.83B | 40.07B | 28.05B | 26.05B |
| Treasury Stock | -20.90B | -20.06B | -18.97B | -18.67B | -16.74B | -16.29B |
| Comprehensive Income & Other | -895.00M | -821.00M | -868.00M | -1.25B | -1.49B | -872.00M |
| Total Common Equity | 20.38B | 20.28B | 21.64B | 20.69B | 10.36B | 9.88B |
| Minority Interest | 15.00M | 16.00M | 5.87B | 5.91B | 5.95B | 40.00M |
| Shareholders' Equity | 20.39B | 20.30B | 27.51B | 26.60B | 16.32B | 9.92B |
| Total Liabilities & Equity | 42.21B | 41.96B | 44.25B | 42.75B | 35.67B | 24.71B |
| Total Debt | 13.80B | 13.76B | 8.36B | 8.71B | 10.81B | 7.23B |
| Net Cash (Debt) | -11.62B | -12.21B | -4.77B | -654.00M | -9.01B | -4.88B |
| Net Cash Per Share | -20.63 | -21.55 | -8.31 | -1.13 | -15.11 | -8.11 |
| Filing Date Shares Outstanding | 557.80M | 561.80M | 570.20M | 570.10M | 591.40M | 594.90M |
| Total Common Shares Outstanding | 557.80M | 562.80M | 570.20M | 572.00M | 591.40M | 595.80M |
| Working Capital | -1.12B | -1.21B | 4.45B | 8.79B | 729.00M | 2.19B |
| Book Value Per Share | 36.53 | 36.04 | 37.94 | 36.17 | 17.52 | 16.59 |
| Tangible Book Value | -6.43B | -7.37B | -6.87B | -54.00M | -10.15B | -717.00M |
| Tangible Book Value Per Share | -11.53 | -13.09 | -12.04 | -0.09 | -17.17 | -1.20 |
| Land | 273.00M | 278.00M | 255.00M | 200.00M | 359.00M | |
| Buildings | 2.13B | 2.05B | 1.76B | 1.50B | 2.49B | |
| Machinery | 3.69B | 3.54B | 3.23B | 3.30B | 6.10B | |
| Construction In Progress | 314.00M | 321.00M | 283.00M | 390.00M | 478.00M | |
| Order Backlog | 8.63B | 8.45B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.58B | 2.29B | 1.97B | 13.22B | 3.23B | 2.30B |
| Depreciation & Amortization | 1.38B | 1.43B | 1.60B | 965.00M | 756.00M | 664.00M |
| Other Amortization | 101.00M | 91.00M | 92.00M | 86.00M | 86.00M | 98.00M |
| Loss (Gain) From Sale of Investments | -79.00M | -161.00M | -453.00M | |||
| Stock-Based Compensation | 246.00M | 263.00M | 260.00M | 250.00M | 125.00M | 197.00M |
| Other Operating Activities | -144.00M | -389.00M | -370.00M | -11.50B | -1.39B | -971.00M |
| Change in Accounts Receivable | -170.00M | -171.00M | -99.00M | -191.00M | -143.00M | -18.00M |
| Change in Inventory | -221.00M | -1.00M | 122.00M | -160.00M | -334.00M | -11.00M |
| Change in Accounts Payable | 317.00M | 34.00M | -16.00M | -17.00M | 147.00M | 107.00M |
| Change in Other Net Operating Assets | -175.00M | 129.00M | -158.00M | 220.00M | 18.00M | 89.00M |
| Operating Cash Flow | 3.91B | 3.10B | 3.33B | 637.00M | 2.92B | 3.58B |
| Capital Expenditures | -452.00M | -431.00M | -419.00M | -363.00M | -299.00M | -404.00M |
| Cash Acquisitions | -1.00M | -37.00M | -8.34B | -705.00M | -5.70B | -1.59B |
| Divestitures | 17.00M | 30.00M | ||||
| Other Investing Activities | -69.00M | -125.00M | 3.40B | 13.48B | 650.00M | -154.00M |
| Investing Cash Flow | -522.00M | -593.00M | -5.36B | 12.41B | -5.33B | -2.12B |
| Short-Term Debt Issued | 9.12B | 322.00M | 395.00M | 2.40B | 71.00M | |
| Long-Term Debt Issued | 1.54B | 2.98B | ||||
| Total Debt Issued | 10.07B | 10.66B | 322.00M | 395.00M | 5.38B | 71.00M |
| Short-Term Debt Repaid | -4.92B | -342.00M | -2.90B | -1.17B | -575.00M | |
| Long-Term Debt Repaid | -503.00M | -547.00M | -741.00M | -522.00M | -308.00M | |
| Total Debt Repaid | -11.19B | -5.42B | -889.00M | -3.64B | -1.69B | -883.00M |
| Net Debt Issued (Repaid) | -1.11B | 5.24B | -567.00M | -3.24B | 3.69B | -812.00M |
| Repurchase of Common Stock | -918.00M | -1.17B | -435.00M | -2.00B | -500.00M | -500.00M |
| Common Dividends Paid | -1.23B | -1.19B | -1.20B | -1.20B | -1.22B | -1.21B |
| Other Financing Activities | -146.00M | -7.39B | -252.00M | -383.00M | 80.00M | 100.00M |
| Financing Cash Flow | -3.41B | -4.51B | -2.46B | -6.82B | 2.05B | -2.42B |
| Foreign Exchange Rate Adjustments | -18.00M | -39.00M | 20.00M | 18.00M | -186.00M | 6.00M |
| Net Cash Flow | -39.00M | -2.04B | -4.46B | 6.25B | -550.00M | -961.00M |
| Free Cash Flow | 3.46B | 2.67B | 2.91B | 274.00M | 2.62B | 3.17B |
| Free Cash Flow Margin | 18.57% | 14.80% | 16.65% | 1.81% | 19.00% | 24.52% |
| Free Cash Flow Per Share | 6.14 | 4.71 | 5.08 | 0.47 | 4.40 | 5.27 |
| Levered Free Cash Flow | 3.71B | 3.24B | 3.69B | 2.54B | 1.76B | 1.88B |
| Unlevered Free Cash Flow | 3.99B | 3.48B | 3.89B | 2.70B | 1.90B | 1.98B |
| Cash Interest Paid | 221.00M | 221.00M | 193.00M | 200.00M | 199.00M | 156.00M |
| Cash Income Tax Paid | 1.44B | 1.44B | 950.00M | 3.31B | 720.00M | 680.00M |
| Change in Working Capital | -249.00M | -9.00M | -151.00M | -148.00M | -312.00M | 167.00M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 93.71B | 73.83B | 62.57B | 55.19B | 43.29B | 56.31B |
| Enterprise Value | 105.33B | 86.49B | 76.93B | 59.87B | 58.87B | 61.33B |
| Last Close Price | 164.94 | 129.15 | 105.90 | 91.61 | 67.85 | 85.33 |
| PE Ratio | 36.75 | 32.20 | 31.79 | 4.17 | 13.40 | 24.45 |
| Forward PE | 23.74 | 20.56 | 18.83 | 19.95 | 13.61 | 21.55 |
| PS Ratio | 5.05 | 4.10 | 3.58 | 3.64 | 3.14 | 4.36 |
| PB Ratio | 4.51 | 3.64 | 2.27 | 2.08 | 2.65 | 5.67 |
| P/FCF Ratio | 27.22 | 27.68 | 21.48 | 201.42 | 16.51 | 17.76 |
| P/OCF Ratio | 24.08 | 23.83 | 18.78 | 86.64 | 14.82 | 15.75 |
| PEG Ratio | 2.63 | 2.19 | 1.39 | 1.51 | 1.35 | 1.84 |
| EV/Sales Ratio | 5.68 | 4.80 | 4.40 | 3.95 | 4.26 | 4.74 |
| EV/EBITDA Ratio | 17.47 | 14.80 | 13.81 | 14.23 | 18.27 | 22.77 |
| EV/EBIT Ratio | 22.63 | 19.59 | 19.36 | 18.47 | 23.87 | 30.21 |
| EV/FCF Ratio | 30.58 | 32.43 | 26.41 | 218.50 | 22.44 | 19.34 |
| Debt / Equity Ratio | 0.68 | 0.68 | 0.30 | 0.33 | 0.66 | 0.73 |
| Debt / EBITDA Ratio | 2.20 | 2.26 | 1.44 | 1.97 | 3.17 | 2.50 |
| Debt / FCF Ratio | 3.99 | 5.16 | 2.87 | 31.77 | 4.12 | 2.28 |
| Net Debt / Equity Ratio | 0.57 | 0.60 | 0.17 | 0.03 | 0.55 | 0.49 |
| Net Debt / EBITDA Ratio | 1.92 | 2.09 | 0.86 | 0.15 | 2.80 | 1.81 |
| Net Debt / FCF Ratio | 3.36 | 4.58 | 1.64 | 2.39 | 3.44 | 1.54 |
| Asset Turnover | 0.44 | 0.42 | 0.40 | 0.39 | 0.46 | 0.54 |
| Inventory Turnover | 3.64 | 3.87 | 4.00 | 4.13 | 3.96 | 3.62 |
| Quick Ratio | 0.62 | 0.60 | 1.32 | 2.28 | 0.65 | 0.94 |
| Current Ratio | 0.90 | 0.88 | 1.77 | 2.75 | 1.09 | 1.35 |
| Return on Equity (ROE) | 12.80% | 9.36% | 5.93% | 10.54% | 14.35% | 15.42% |
| Return on Assets (ROA) | 6.90% | 6.40% | 5.71% | 5.17% | 5.10% | 5.33% |
| Return on Invested Capital (ROIC) | 11.38% | 10.40% | 10.61% | 9.60% | 9.52% | 11.68% |
| Return on Capital Employed (ROCE) | 14.90% | 13.70% | 10.30% | 8.60% | 8.80% | 11.00% |
| Earnings Yield | 2.72% | 3.11% | 3.15% | 23.95% | 7.46% | 4.09% |
| FCF Yield | 3.67% | 3.61% | 4.66% | 0.50% | 6.06% | 5.63% |
| Dividend Yield | 1.32% | 1.61% | 1.91% | 2.16% | 2.81% | 2.14% |
| Payout Ratio | 48.56% | 51.98% | 61.03% | 9.06% | 37.85% | 52.54% |
| Buyback Yield / Dilution | 0.94% | 1.27% | 0.57% | 3.19% | 0.91% | 0.79% |
| Total Shareholder Return | 2.26% | 2.88% | 2.49% | 5.34% | 3.73% | 2.93% |