Emerson Electric Co.

EMR · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$73,828	$62,560	$55,190	$43,295	$56,115	$39,060	$39,828	$45,619	$37,434	$32,472	$26,312	$43,819	$46,435	$35,018	$30,921	$39,532	$30,208	$31,828	$42,810	$34,230	$29,767	$25,936	$22,048	$18,485	$19,747	$28,636	$27,391	$27,319	$25,652	$20,217	$15,990	$13,373	$13,194	$12,210	$10,822	$7,474	$7,965	$6,838	$9,465	$5,838	$5,069
Enterprise value	$86,059	$73,201	$61,753	$58,257	$61,034	$43,646	$44,095	$49,329	$39,080	$35,876	$30,047	$46,742	$48,935	$38,091	$34,222	$43,166	$33,374	$34,757	$45,769	$37,622	$32,632	$28,628	$25,476	$22,654	$24,095	$32,955	$30,395	$29,690	$27,447	$21,808	$17,468	$14,463	$14,714	$13,011	$11,935	$8,790	$8,595	$7,550	$10,252	$6,061	$5,251
P/E (TTM) at period end	32.20×	31.79×	4.18×	13.40×	24.37×	19.88×	17.27×	20.71×	24.66×	19.86×	9.71×	20.41×	23.17×	17.79×	12.47×	18.27×	17.52×	13.20×	20.04×	18.55×	20.93×	20.63×	20.25×	151.52×	19.13×	20.13×	20.85×	22.24×	22.87×	19.85×	17.62×	16.96×	18.63×	18.42×	17.13×	12.19×	13.55×	12.93×	20.26×	14.28×	12.64×
P/S (TTM) at period end	4.10×	3.58×	3.64×	3.14×	4.34×	2.33×	2.17×	2.62×	2.45×	2.24×	1.62×	2.47×	1.88×	1.43×	1.28×	1.88×	1.50×	1.34×	1.93×	1.73×	1.72×	1.66×	1.58×	1.34×	1.29×	1.84×	1.92×	2.03×	2.09×	1.81×	1.60×	1.55×	1.61×	1.58×	1.46×	0.99×	1.13×	1.03×	1.53×	1.18×	1.09×
P/B at period end	3.64×	2.89×	2.67×	4.18×	5.68×	4.65×	4.84×	5.10×	4.29×	4.29×	3.26×	4.33×	4.39×	3.40×	2.97×	4.04×	3.53×	3.49×	4.88×	4.20×	4.02×	3.58×	3.41×	3.22×	3.23×	4.47×	4.43×	4.71×	4.73×	3.78×	3.28×	3.08×	3.37×	3.27×	3.32×	2.50×	2.59×	2.42×	3.50×	2.46×	2.28×
EV / EBITDA (TTM)	17.04×	16.81×	16.21×	18.22×	22.43×	12.00×	11.19×	13.30×	11.76×	10.93×	8.01×	11.48×	10.14×	7.94×	7.20×	9.98×	8.62×	7.75×	11.19×	10.41×	10.45×	10.15×	10.20×	9.26×	8.08×	10.24×	10.33×	10.85×	11.01×	9.66×	8.70×	8.32×	9.09×	8.75×	8.26×	6.22×	6.59×	–	–	–	–
EV / Sales (TTM)	4.78×	4.18×	4.07×	4.22×	4.72×	2.60×	2.40×	2.83×	2.56×	2.47×	1.85×	2.64×	1.98×	1.56×	1.41×	2.05×	1.66×	1.46×	2.07×	1.91×	1.89×	1.83×	1.83×	1.65×	1.57×	2.12×	2.13×	2.21×	2.23×	1.96×	1.74×	1.68×	1.80×	1.69×	1.61×	1.16×	1.22×	1.14×	1.66×	1.22×	1.13×
Returns
Return on equity	11.3%	9.1%	63.9%	31.2%	23.3%	23.4%	28.0%	24.6%	17.4%	21.6%	33.5%	21.2%	18.9%	19.1%	23.8%	22.1%	20.2%	26.5%	24.4%	22.6%	19.2%	17.4%	16.9%	2.1%	16.9%	22.2%	21.3%	21.2%	20.7%	19.0%	18.6%	18.2%	18.1%	17.8%	19.4%	20.5%	19.1%	18.8%	17.3%	17.2%	18.0%
Return on invested capital	8.3%	6.6%	7.9%	7.2%	10.6%	18.3%	20.3%	19.4%	18.6%	17.1%	17.8%	18.8%	19.8%	19.3%	19.6%	18.4%	20.5%	21.7%	20.1%	17.9%	16.5%	15.5%	14.2%	13.0%	14.1%	15.5%	16.3%	17.0%	17.3%	16.3%	16.0%	16.0%	15.0%	16.7%	16.6%	16.5%	17.9%	17.3%	15.2%	16.7%	17.8%
Dividend yield	1.6%	1.9%	2.2%	2.8%	2.2%	3.1%	3.0%	2.7%	3.3%	3.8%	4.8%	2.8%	2.5%	3.3%	3.4%	2.6%	3.3%	3.0%	2.0%	2.1%	2.3%	2.6%	3.0%	3.5%	3.3%	2.1%	2.1%	1.9%	1.9%	2.2%	2.5%	2.6%	2.5%	2.5%	2.7%	3.8%	3.1%	–	–	–	–
Financial health
Current ratio	0.88×	1.77×	2.75×	1.09×	1.35×	1.52×	1.19×	1.07×	1.64×	1.24×	1.29×	1.29×	1.44×	1.42×	1.45×	1.43×	1.54×	1.42×	1.45×	1.36×	1.39×	1.48×	1.61×	1.13×	0.99×	1.05×	1.12×	1.24×	1.23×	1.39×	1.15×	1.28×	1.14×	1.64×	1.43×	1.34×	1.86×	1.92×	2.00×	2.80×	2.68×
Debt / equity	0.65×	0.36×	0.39×	1.00×	0.67×	0.89×	0.69×	0.53×	0.53×	0.88×	0.85×	0.60×	0.53×	0.51×	0.50×	0.52×	0.53×	0.50×	0.43×	0.49×	0.55×	0.56×	0.64×	0.79×	0.77×	0.72×	0.53×	0.44×	0.37×	0.32×	0.33×	0.28×	0.41×	0.24×	0.37×	0.47×	0.24×	0.29×	0.34×	0.22×	0.12×
Effective tax rate	23.7%	20.5%	22.1%	22.6%	19.6%	14.8%	18.6%	16.6%	28.3%	30.1%	33.3%	29.9%	35.4%	35.0%	31.0%	29.5%	24.6%	30.9%	31.2%	31.2%	33.8%	32.1%	28.4%	32.3%	35.0%	34.7%	35.0%	36.1%	37.1%	36.7%	36.4%	36.7%	36.3%	36.5%	37.0%	38.0%	38.4%	38.5%	42.4%	42.8%	42.2%
Share count
Diluted shares outstanding	567	574	577	596	602	607	621	635	643	647	676	704	723	735	754	757	759	789	804	824	836	844	841	841	859	863	876	887	892	897	894	897	896	896	890	889	891	912	934	870	882

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$18,636	$18,016	$17,492	$15,165	$13,804	$12,932	$16,785	$18,372	$17,408	$15,264	$14,522	$16,249	$17,733	$24,669	$24,412	$24,222	$21,039	$20,102	$23,751	$22,131	$19,734	$17,305	$15,615	$13,958	$13,748	$15,311	$15,545	$14,270	$13,447	$12,299	$11,150	$10,013	$8,607	$8,174	$7,706	$7,427	$7,573	$7,071	$6,652	$6,170	$4,953	$4,649
Cost of revenue	($8,729)	($8,497)	($8,607)	($7,738)	($7,498)	($7,202)	($9,776)	($10,557)	($9,976)	($8,833)	($8,260)	($9,241)	($9,971)	($14,717)	($14,644)	($14,665)	($12,713)	($12,542)	($14,813)	($14,066)	($12,605)	($11,122)	($10,049)	($9,060)	($8,939)	($9,987)	($9,338)	($8,556)	($8,596)	($7,866)	($6,700)	($6,480)	($5,553)	($4,949)	($4,759)	($4,547)	($4,732)	($4,432)	($4,206)	($3,875)	($3,044)	($2,824)
Gross profit	$9,908	$9,519	$8,885	$7,427	$6,306	$7,563	$7,009	$7,815	$7,432	$6,404	$6,262	$7,008	$10,158	$9,952	$9,768	$9,557	$8,326	$7,560	$8,938	$8,065	$7,129	$6,183	$5,566	$4,898	$4,809	$5,324	$6,207	$5,713	$4,852	$4,433	$4,450	$3,532	$3,054	$3,225	$2,947	$2,880	$2,841	$2,639	$2,446	$2,295	$1,908	$1,825
Operating expenses
Research and development	–	($771)	($781)	($523)	($385)	($347)	($439)	($454)	($436)	($340)	($320)	($336)	($356)	($576)	($547)	($555)	($473)	($460)	($458)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,231)	($5,103)	($5,142)	($4,186)	($3,614)	($3,494)	($3,986)	($4,457)	($4,269)	($3,607)	($3,464)	($3,735)	($4,164)	($5,648)	($5,436)	($5,328)	($4,817)	($4,416)	($4,915)	($4,569)	($4,076)	($3,595)	($3,281)	($2,935)	($2,904)	($3,051)	($2,988)	($2,770)	($2,677)	($2,451)	($2,192)	($1,933)	($1,680)	($1,607)	($1,460)	($1,434)	($1,428)	($1,336)	($1,223)	($1,158)	($988)	($938)
Total operating expenses	($6,160)	($5,987)	($6,219)	($4,668)	($3,950)	($5,604)	($4,225)	($4,695)	($4,480)	($3,716)	($3,548)	($3,829)	($6,655)	($5,946)	($5,796)	($5,670)	($4,817)	($4,416)	($5,159)	($4,632)	($4,123)	($3,623)	($3,302)	($2,935)	($2,904)	($3,051)	($3,666)	($3,408)	($2,677)	($2,451)	($2,657)	($1,933)	($1,680)	($1,947)	($1,755)	($1,728)	($1,698)	($1,566)	($1,450)	($1,372)	($1,152)	($1,086)
Total costs and expenses	($14,888)	($14,484)	($14,826)	($12,406)	($11,448)	($10,973)	($14,001)	($15,252)	($14,456)	($12,576)	($11,808)	($13,070)	($14,230)	($20,663)	($20,440)	($20,335)	($17,530)	($16,958)	($19,972)	($18,698)	($16,728)	($14,745)	($13,351)	($11,995)	($11,843)	($13,038)	($13,004)	($11,964)	($11,272)	($10,316)	($9,357)	($8,414)	($7,233)	($6,896)	($6,515)	($6,276)	($6,430)	($5,998)	($5,656)	($5,247)	($4,196)	($3,910)
Operating income	$3,748	$3,532	$2,666	$2,759	$2,356	$1,959	$2,784	$3,120	$2,952	$2,688	$2,714	$3,179	$3,503	$4,006	$3,972	$3,887	$3,509	$3,144	$3,779	$3,433	$3,006	$2,560	$2,264	$1,963	$1,905	$2,273	$2,541	$2,306	$2,175	$1,982	$1,793	$1,599	$1,375	$1,277	$1,191	$1,151	$1,143	$1,073	$996	$923	$757	$740
Earnings
EBITDA	$5,232	$5,050	$4,355	$3,810	$3,198	$2,721	$3,638	$3,942	$3,710	$3,324	$3,282	$3,752	$4,072	$4,825	$4,795	$4,754	$4,325	$3,871	$4,486	$4,089	$3,613	$3,122	$2,821	$2,497	$2,446	$2,982	$3,219	$2,943	$2,737	$2,494	$2,258	$2,008	$1,739	$1,618	$1,486	$1,446	$1,412	$1,304	–	–	–	–
Interest income	$107	$150	$148	$227	$34	$10	$19	$27	$43	$36	$27	$23	$18	$16	$17	$23	$19	$24	$56	$33	$18	$34	$24	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($351)	($237)	($175)	($34)	($194)	($147)	($156)	($174)	($159)	($165)	($188)	($175)	($196)	($218)	($224)	($223)	($280)	($244)	($244)	($456)	($225)	($243)	($234)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$3,280	$2,934	$2,020	$2,903	$2,432	$1,762	$2,335	$2,859	$2,667	$2,335	$2,316	$3,807	$3,191	$3,196	$3,115	$3,631	$2,879	$2,796	$3,645	$3,093	$2,673	$2,149	$1,852	$1,414	$1,590	$1,614	$2,178	$2,021	$1,924	$1,784	$1,609	$1,460	$1,428	$1,112	$1,044	$1,003	$989	$954	$860	$811	$715	$694
Income tax expense	($702)	($696)	($415)	($642)	($549)	($346)	($345)	($531)	($443)	($660)	($697)	($1,267)	($953)	($1,130)	($1,091)	($1,127)	($848)	($688)	($1,125)	($964)	($834)	($727)	($595)	($401)	($514)	($565)	($756)	($707)	($695)	($662)	($590)	($531)	($523)	($404)	($381)	($371)	($376)	($366)	($331)	($343)	($306)	($293)
Net income	$2,578	$2,293	$1,968	$13,219	$3,231	$2,303	$1,965	$2,306	$2,203	$1,518	$1,635	$2,710	$2,147	$2,004	$1,968	$2,480	$2,164	$1,724	$2,412	$2,136	$1,845	$1,422	$1,257	$1,089	$122	$1,032	$1,422	$1,314	$1,229	$1,122	$1,018	$908	$788	$708	$663	$632	$613	$588	$529	$467	$409	$401
Per share
Diluted EPS (GAAP)	$4.57	$4.04	$3.43	$22.88	$5.41	$3.82	$3.24	$3.71	$3.46	$2.35	$2.52	$3.99	$3.03	$2.76	$2.67	$3.27	$2.84	$2.27	$3.06	$2.66	$2.24	$1.70	$1.49	$1.30	$0.14	$1.20	$1.65	$1.50	$1.39	$1.26	$1.14	$1.01	$0.88	$0.79	$0.74	$0.71	$0.69	$0.66	$0.58	$0.50	$0.47	$0.46
Basic EPS (GAAP)	$4.59	$4.06	$3.44	$23.00	$5.44	$3.85	$3.26	$3.74	$3.48	$2.35	$2.53	$4.01	$3.05	$2.78	$2.68	$3.29	$2.87	$2.29	$3.09	$2.69	$2.26	$1.72	$1.50	$1.30	$0.14	$1.22	$1.67	$1.52	$1.40	$1.26	$1.14	$1.01	$0.88	$0.79	$0.74	$0.71	$0.69	$0.66	$0.58	$0.50	$0.47	$0.46
Basic shares outstanding	561	564	571	574	593	598	603	616	632	642	644	673	700	718	731	748	751	754	780	794	816	829	838	838	841	851	855	867	878	890	897	894	897	896	896	890	889	891	912	934	870	882
Margins
Gross margin	53.2%	52.8%	50.8%	49.0%	45.7%	58.5%	41.8%	42.5%	42.7%	42.0%	43.1%	43.1%	57.3%	40.3%	40.0%	39.5%	39.6%	37.6%	37.6%	36.4%	36.1%	35.7%	35.6%	35.1%	35.0%	34.8%	39.9%	40.0%	36.1%	36.0%	39.9%	35.3%	35.5%	39.5%	38.2%	38.8%	37.5%	37.3%	36.8%	37.2%	38.5%	39.3%
Operating margin	20.1%	19.6%	15.2%	18.2%	17.1%	15.1%	16.6%	17.0%	17.0%	17.6%	18.7%	19.6%	19.8%	16.2%	16.3%	16.0%	16.7%	15.6%	15.9%	15.5%	15.2%	14.8%	14.5%	14.1%	13.9%	14.8%	16.3%	16.2%	16.2%	16.1%	16.1%	16.0%	16.0%	15.6%	15.5%	15.5%	15.1%	15.2%	15.0%	15.0%	15.3%	15.9%
Net margin	13.8%	12.7%	11.3%	87.2%	23.4%	17.8%	11.7%	12.6%	12.7%	9.9%	11.3%	16.7%	12.1%	8.1%	8.1%	10.2%	10.3%	8.6%	10.2%	9.7%	9.3%	8.2%	8.0%	7.8%	0.9%	6.7%	9.2%	9.2%	9.1%	9.1%	9.1%	9.1%	9.2%	8.7%	8.6%	8.5%	8.1%	8.3%	8.0%	7.6%	8.3%	8.6%

Analyst consensus

Buy43 analysts

Bearish · 3 · Hold · 17 · Bullish · 23

Earnings history

	EPS	Estimate
Q4 2024	$1.48	$1.47	Beat
Q1 2025	$1.38	$1.28	Beat
Q2 2025	$1.48	$1.41	Beat
Q3 2025	$1.52	$1.51	Beat
Q4 2025	$1.62	$1.62	Match
Q1 2026	$1.46	$1.42	Beat
Q2 2026	$1.54	$1.53	Beat
Q3 2026	$1.71	$1.68	Beat

Peers

Company overview

IPO dateJun 1, 1972

CEOSurendralal Lanca Karsanbhai

Employees71,000

SectorIndustrials

IndustryIndustrial - Machinery

CountryUS

ExchangeNew York Stock Exchange

Websitewww.emerson.com

Emerson Electric Co. is an international technology and engineering firm that delivers diverse solutions to industrial, commercial, and residential clients across the Americas, Asia, the Middle East, Africa, and Europe. The company's operations are divided into two main segments: Automation Solutions, and Commercial & Residential Solutions. Through its Automation Solutions division, Emerson provides a range of products including advanced measurement and analytical instruments, industrial valves, and sophisticated process control software and systems. This segment caters to a broad spectrum of industries such as oil and gas, refining, chemical processing, power generation, life sciences, food and beverage, automotive manufacturing, pulp and paper production, metals and mining, and municipal water utilities. The Commercial & Residential Solutions segment focuses on climate control and other essential home and business applications. It supplies residential and commercial heating and air conditioning (HVAC) products, encompassing various compressors (reciprocating and scroll), system protectors, precise flow control devices, and a variety of thermostats (standard, programmable, and Wi-Fi enabled). The segment also delivers monitoring equipment and electronic control units for both gas and electric heating setups, specialized gas valves for furnaces and water heaters, furnace ignition systems, and an array of sensors and thermistors for home appliances, alongside general temperature sensors and controls. Furthermore, this division supplies reciprocating, scroll, and screw compressors, along with precision flow control mechanisms, comprehensive system diagnostics, and advanced environmental control systems. Beyond hardware, it extends its portfolio to include technologies for air conditioning, refrigeration, and lighting management. Complementing these offerings are services like facility design and product lifecycle management, site commissioning, ongoing facility monitoring, and energy modeling. The segment also manufactures tools for both professional tradespeople and DIY enthusiasts, and offers a suite of appliance solutions. Established in 1890, Emerson Electric Co. maintains its corporate headquarters in Saint Louis, Missouri.

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