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EMR

Emerson Electric Co.

EMR

Emerson Electric Co. • NYSE
$133.38 ▲ 1.48% (+1.94)
Market Cap $74.94 B
52w High $150.27
52w Low $90.06
Dividend Yield 2.14%
P/E 33.1
Volume 1.14M
Outstanding Shares 561.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $4.855B ▲ $1.884B ▲ $637M ▲ 13.12% ▲ $1.13 ▲ $1.438B ▲
Q3-2025 $4.553B ▲ $1.485B ▼ $586M ▲ 12.871% ▲ $1.04 ▲ $1.201B ▲
Q2-2025 $4.432B ▲ $1.512B ▲ $485M ▼ 10.943% ▼ $0.862 ▼ $1.099B ▼
Q1-2025 $4.175B ▼ $1.453B ▼ $585M ▼ 14.012% ▼ $1.029 ▼ $1.21B ▼
Q4-2024 $4.619B $1.581B $996M 21.563% $1.74 $1.271B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $1.544B ▼ $41.964B ▼ $21.666B ▼ $20.282B ▲
Q3-2025 $2.219B ▲ $42.517B ▲ $22.631B ▼ $19.87B ▲
Q2-2025 $1.887B ▼ $41.978B ▼ $22.712B ▲ $19.249B ▼
Q1-2025 $2.834B ▼ $42.61B ▼ $16.231B ▼ $20.49B ▼
Q4-2024 $3.588B $44.246B $16.737B $21.636B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $636M ▲ $1.01B ▼ $-200M ▲ $-1.491B ▼ $-675M ▼ $842M ▼
Q3-2025 $580M ▲ $1.07B ▲ $-202M ▼ $-564M ▲ $332M ▲ $977M ▲
Q2-2025 $429M ▼ $241M ▼ $-122M ▲ $-1.091B ▲ $-947M ▼ $154M ▼
Q1-2025 $593M ▲ $777M ▼ $-142M ▼ $-1.291B ▲ $-754M ▼ $694M ▼
Q4-2024 $530M $1.084B $3.204B $-3.038B $1.29B $916M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Intelligent Devices
Intelligent Devices
 $2.84Bn ▲$3.03Bn ▲$3.13Bn ▲$3.40Bn ▲
Software and Control
Software and Control
 $1.35Bn ▲$1.42Bn ▲$1.44Bn ▲$1.47Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Emerson’s revenue has rebounded in recent years after a period of portfolio reshaping, showing that the core businesses are growing again. Operating profits have been fairly steady, which suggests the company has been able to maintain solid underlying profitability even while it restructures. Net income and earnings per share, however, have been more up-and-down, likely reflecting one-time gains and charges from acquisitions, divestitures, and tax or restructuring items rather than big swings in the core business. Overall, the income statement points to a healthy, cash‑generative industrial company in the middle of a strategic transition, with earnings quality influenced by deal activity and transformation costs.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, reflecting acquisitions and investment in the automation and software portfolio. Shareholders’ equity has increased, which strengthens the company’s capital base and provides more room to absorb shocks. Debt remains significant but looks manageable relative to the size of the business, and leverage has not raced ahead of the company’s growth. Cash balances swelled during the transition period and have since come down, consistent with using cash for deals, integration, and capital returns. Overall, Emerson appears to have a robust and flexible balance sheet, though it is clearly being actively used to reshape the portfolio rather than simply conserved.

Cash Flow

Cash Flow Emerson’s ability to turn accounting profits into cash is a key strength. Over the period shown, operating cash flow has generally been strong, with one notably weak year that likely reflects working capital swings and transaction-related items rather than a structural problem. Free cash flow, after capital spending, has usually been healthy, supported by relatively modest investment needs for physical assets. This pattern suggests the business model is cash‑rich and can support a combination of dividends, acquisitions, and debt service, though cash flows can be lumpy from year to year while the portfolio is being reshaped.

Competitive Edge

Competitive Edge Emerson occupies a strong position in industrial automation, especially in process and hybrid industries like chemicals, energy, and life sciences. Its control systems and field devices are deeply embedded in customer plants, making them hard and risky to replace, which creates high switching costs and long customer relationships. A large global installed base, long operating history, and reputation for reliability reinforce this advantage. At the same time, Emerson competes against other powerful global players, and many of its end markets are cyclical and exposed to energy and heavy industry spending. The company’s moat looks wide and durable, but it must continuously defend it against capable rivals and changing customer needs.

Innovation and R&D

Innovation and R&D Emerson is clearly leaning into a software‑first future. Platforms like Plantweb and the DeltaV control system show a push toward data‑driven, connected factories and plants, with predictive maintenance and advanced analytics at the center. The “Boundless Automation” vision aims to break down data silos and move more intelligence to the edge and the cloud, opening the door for wider use of AI and machine learning. The AspenTech deal materially deepens Emerson’s software and modeling capabilities, making it easier to offer integrated hardware‑plus‑software solutions across the full lifecycle of industrial assets. The opportunity is large, but success depends on smooth integration, strong execution, and keeping pace with rapid software and AI innovation.

Summary

Emerson today is a traditional industrial company transforming itself into a more software‑ and automation‑focused business. Financially, revenues and core profits look resilient, even as reported earnings and cash flows show the inevitable noise of acquisitions, divestitures, and restructuring. The balance sheet provides solid support for this strategy, with ample scale, growing equity, and manageable leverage. Strategically, Emerson benefits from a wide moat built on a vast installed base, deep process expertise, and high switching costs, but it operates in highly competitive and cyclical global markets. The long‑term story hinges on how well the company can execute its automation and software vision, integrate AspenTech, and convert its strong industrial franchise into durable, higher‑margin digital revenue, all while managing the usual economic and execution risks that come with such a large strategic shift.

NEWS

November 20, 2025 · 1:00 PM UTC

Emerson Highlights Strategy for Engineering the Autonomous Future at 2025 Investor Conference

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November 17, 2025 · 9:00 AM UTC

Emerson Selected to Automate South32's Hermosa Project, Driving Efficiencies, Minimizing Environmental Impact

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November 11, 2025 · 9:00 AM UTC

Emerson to Automate Lithium Americas' Thacker Pass Lithium Project

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November 5, 2025 · 6:55 AM UTC

Emerson Reports Fourth Quarter and Full Year 2025 Results; Provides Initial 2026 Outlook

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October 15, 2025 · 9:00 AM UTC

Emerson Schedules Fourth Quarter and Full Year 2025 Earnings Release and Conference Call

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