Gross margin
52.8% Fiscal year 2025
Rank 56 of 100: higher than 56% of 153 peers (All). medium.
Rank 93 of 100: higher than 93% of 22 peers (Sector). strong.
Median Industrials: 35.4%
Share of revenue left after the direct cost of the products sold.
About the company
Emerson Electric is a technology and automation company from St. Louis. It makes valves, measuring instruments, control systems and software for factories, chemical plants and energy and water supply. With the full acquisition of AspenTech, industrial software became more important. As of Oct 11, 2026
Fact sheet (from the annual report) Electrical equipment and electronics · St Louis, USA
Emerson is a technology and software company that supplies automation technology to manufacturers in the process, hybrid and discrete industries. The Final Control segment supplies control, isolation and safety valves as well as actuators and pressure regulators. The Measurement & Analytical segment makes instruments for measuring, for example, pressure, temperature, level and flow of liquids and gases. Other segments supply solenoid and pneumatic valves for discrete manufacturing as well as tools for professionals and do-it-yourselfers. The Control Systems & Software segment includes control systems and software for plant optimization and, since the full acquisition, also AspenTech. The Test & Measurement segment, from the acquisition of NI, offers software-based automated test and measurement systems.
Automatically summarized from SEC annual report (10-K, filed Nov 10, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today +2.8%
- 7 days +3.6%
- 30 days +5.1%
- 1 year +23.7%
Day range (last trading day)
−2.6%Price at 93% of the range+0.2%
52-week range
−26.2%Price at 99% of the range+0.2%
- Distance from the all-time high
- −0.2%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: greenDebt: green
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginEmerson Electric · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Nov 10, 2025.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Sep 30, 2025
Quality
Profitability, consistency, balance sheet · 2 without data
5 of 6 criteria met
Growth
Revenue and earnings per share
2 of 7 criteria met
Dividend
Level, consistency, coverage
7 of 7 criteria met
Financial strength
Piotroski, debt, liquidity
4 of 6 criteria met
Quality 5 of 6 met · 2 without data
- met: Gross margin above 40% 52.8%
- no data: Operating margin above 15% not stated in the SEC filings
- met: Net margin above 10% 12.7%
- not met: Return on equity above 15% 11.3%
- met: Free cash flow margin above 10% 14.8%
- met: Profit in each of the last 5 fiscal years 5 of 5
- no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
- met: Equity ratio above 30% 48.3%
Net margin
12.7% Fiscal year 2025
Rank 46 of 100: higher than 46% of 237 peers (All). medium.
Rank 46 of 100: higher than 46% of 34 peers (Sector). medium.
Median Industrials: 12.9%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
11.3% Fiscal year 2025
Rank 35 of 100: higher than 35% of 218 peers (All). medium.
Rank 17 of 100: higher than 17% of 32 peers (Sector). weak.
Median Industrials: 26.3%
Net income divided by equity at fiscal year end.
Return on assets
5.5% Fiscal year 2025 (total assets at year end)
Rank 47 of 100: higher than 47% of 238 peers (All). medium.
Rank 34 of 100: higher than 34% of 34 peers (Sector). medium.
Median Industrials: 7.5%
Net income divided by total assets at fiscal year end.
Equity ratio
48.3% Fiscal year 2025
Rank 67 of 100: higher than 67% of 239 peers (All). strong.
Rank 81 of 100: higher than 81% of 34 peers (Sector). strong.
Median Industrials: 33.2%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
14.8% Fiscal year 2025
Rank 52 of 100: higher than 52% of 213 peers (All). medium.
Rank 70 of 100: higher than 70% of 32 peers (Sector). strong.
Median Industrials: 10.5%
Free cash flow divided by revenue.
Free cash flow
2.7B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 2 of 7 met
- not met: Over 3 years, revenue grew by more than 5% per year −2.8%
- not met: Over 5 years, revenue grew by more than 5% per year +1.4%
- not met: Over 10 years, revenue grew by more than 5% per year −2.1%
- not met: Over 3 years, EPS grew by more than 5% per year −9.3%
- not met: Over 5 years, EPS grew by more than 5% per year +4.5%
- met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
- met: Revenue rose in the last fiscal year +3.0%
Revenue growth 3 years
−2.8% per year
Rank 12 of 100: higher than 12% of 230 peers (All). weak.
Rank 14 of 100: higher than 14% of 32 peers (Sector). weak.
Median Industrials: +8.5%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+1.4% per year
Rank 8 of 100: higher than 8% of 217 peers (All). weak.
Rank 15 of 100: higher than 15% of 30 peers (Sector). weak.
Median Industrials: +9.2%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
−2.1% per year
Rank 3 of 100: higher than 3% of 157 peers (All). weak.
Rank 12 of 100: higher than 12% of 21 peers (Sector). weak.
Median Industrials: +4.5%
Average growth per year over 10 fiscal years.
EPS growth 3 years
−9.3% per year
Rank 16 of 100: higher than 16% of 157 peers (All). weak.
Rank 11 of 100: higher than 11% of 23 peers (Sector). weak.
Median Industrials: +10.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+4.5% per year
Rank 20 of 100: higher than 20% of 146 peers (All). weak.
Rank 12 of 100: higher than 12% of 21 peers (Sector). weak.
Median Industrials: +13.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+0.1% per year
Rank 13 of 100: higher than 13% of 140 peers (All). weak.
Rank 21 of 100: higher than 21% of 21 peers (Sector). weak.
Median Industrials: +8.1%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 7 of 7 met
- met: Pays a dividend 2.11 USD
- met: Payout ratio at most 60% of earnings 52%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +1.1%
- met: Free cash flow per share covers the dividend 2.2x
- met: Dividends paid over the last 5 years covered by free cash flow 44% of free cash flow
Payout ratio
52% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+1.1% per year
Rank 6 of 100: higher than 6% of 118 peers (All). weak.
Rank 8 of 100: higher than 8% of 20 peers (Sector). weak.
Median Industrials: +7.7%
Growth of the dividend per share per year.
Free cash flow coverage
2.2x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 4 of 6 met
- not met: Piotroski F-Score at least 7 of 9 6 of 9
- met: Long-term debt no higher than equity 0.41
- not met: Current assets cover current liabilities 0.88
- met: Positive equity 20.3B USD
- met: In 5 years, share count up by at most 5% −6.6%
- met: Free cash flow positive in the last fiscal year 2.7B USD
Piotroski F-Score
6 of 9 Fiscal year 2025
Rank 45 of 100: higher than 45% of 134 peers (All). medium.
Rank 45 of 100: higher than 45% of 20 peers (Sector). medium.
Median Industrials: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.41 at fiscal year end
Rank 63 of 100: lower than 63% of 199 peers (All). medium.
Rank 70 of 100: lower than 70% of 32 peers (Sector). strong.
Median Industrials: 0.62
Long-term financial debt divided by equity.
Liquidity (current ratio)
0.88 at fiscal year end
Rank 15 of 100: higher than 15% of 215 peers (All). weak.
Rank 11 of 100: higher than 11% of 33 peers (Sector). weak.
Median Industrials: 1.22
Current assets divided by current liabilities.
Change in share count
−6.6% in 5 years
Rank 69 of 100: lower than 69% of 199 peers (All). strong.
Rank 60 of 100: lower than 60% of 29 peers (Sector). medium.
Median Industrials: −5.4%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- not met: Long-term debt relative to total assets fell
- not met: Liquidity (current assets / current liabilities) rose
- met: No additional shares (diluted share count did not rise)
- met: Gross margin higher than the prior year
- not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light yellow: Revenue grew over 5 years (+1.4% per year), more slowly than the sector median.
- Light yellow: Net income (total) grew over 5 years (+3.1% per year), more slowly than the sector median; per share +4.5% per year.
- Light green: Net margin 12.7%, above the sector median (11.1%).
- Light green: Debt not higher than usual in the sector.
- Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Oct 1, 2015 – Sep 30, 2016): Revenue 14.5B USD · Net income 1.6B USD · Net margin 11.3%
- Fiscal year 2017 (Oct 1, 2016 – Sep 30, 2017): Revenue 15.3B USD · Net income 1.5B USD · Net margin 9.9%
- Fiscal year 2018 (Oct 1, 2017 – Sep 30, 2018): Revenue 17.4B USD · Net income 2.2B USD · Net margin 12.7%
- Fiscal year 2019 (Oct 1, 2018 – Sep 30, 2019): Revenue 18.4B USD · Net income 2.3B USD · Net margin 12.6%
- Fiscal year 2020 (Oct 1, 2019 – Sep 30, 2020): Revenue 16.8B USD · Net income 2.0B USD · Net margin 11.7%
- Fiscal year 2021 (Oct 1, 2020 – Sep 30, 2021): Revenue 18.2B USD · Net income 2.3B USD · Net margin 12.6%
- Fiscal year 2022 (Oct 1, 2021 – Sep 30, 2022): Revenue 19.6B USD · Net income 3.2B USD · Net margin 16.5%
- Fiscal year 2023 (Oct 1, 2022 – Sep 30, 2023): Revenue 15.2B USD · Net income 13.2B USD · Net margin 87.2%
- Fiscal year 2024 (Oct 1, 2023 – Sep 30, 2024): Revenue 17.5B USD · Net income 2.0B USD · Net margin 11.3%
- Fiscal year 2025 (Oct 1, 2024 – Sep 30, 2025): Revenue 18.0B USD · Net income 2.3B USD · Net margin 12.7%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 4.1B USD · Net income 744.0M USD · Net margin 18.2%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 4.1B USD · Net income 142.0M USD · Net margin 3.4%
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 4.4B USD · Net income 501.0M USD · Net margin 11.4%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 4.4B USD · Net income 329.0M USD · Net margin 7.5%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 4.6B USD · Net income 996.0M USD · Net margin 21.6%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 4.2B USD · Net income 585.0M USD · Net margin 14.0%
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 4.4B USD · Net income 485.0M USD · Net margin 10.9%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 4.6B USD · Net income 586.0M USD · Net margin 12.9%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 4.9B USD · Net income 637.0M USD · Net margin 13.1%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 4.3B USD · Net income 605.0M USD · Net margin 13.9%
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 4.6B USD · Net income 618.0M USD · Net margin 13.5%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 4.9B USD · Net income 718.0M USD · Net margin 14.7%
- Fiscal year 2016 (Oct 1, 2015 – Sep 30, 2016): Earnings per share 2.52 USD
- Fiscal year 2017 (Oct 1, 2016 – Sep 30, 2017): Earnings per share 2.35 USD
- Fiscal year 2018 (Oct 1, 2017 – Sep 30, 2018): Earnings per share 3.46 USD
- Fiscal year 2019 (Oct 1, 2018 – Sep 30, 2019): Earnings per share 3.71 USD
- Fiscal year 2020 (Oct 1, 2019 – Sep 30, 2020): Earnings per share 3.24 USD
- Fiscal year 2021 (Oct 1, 2020 – Sep 30, 2021): Earnings per share 3.82 USD
- Fiscal year 2022 (Oct 1, 2021 – Sep 30, 2022): Earnings per share 5.41 USD
- Fiscal year 2023 (Oct 1, 2022 – Sep 30, 2023): Earnings per share 22.88 USD
- Fiscal year 2024 (Oct 1, 2023 – Sep 30, 2024): Earnings per share 3.43 USD
- Fiscal year 2025 (Oct 1, 2024 – Sep 30, 2025): Earnings per share 4.04 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 1.29 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share 0.25 USD
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.87 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.57 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 1.73 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share 1.02 USD
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 0.86 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 1.04 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 1.12 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share 1.07 USD
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.10 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 1.28 USD
- Fiscal year 2016 (Oct 1, 2015 – Sep 30, 2016): Dividend per share 1.90 USD · Payout ratio 75.4%
- Fiscal year 2017 (Oct 1, 2016 – Sep 30, 2017): Dividend per share 1.92 USD · Payout ratio 81.7%
- Fiscal year 2018 (Oct 1, 2017 – Sep 30, 2018): Dividend per share 1.94 USD · Payout ratio 56.1%
- Fiscal year 2019 (Oct 1, 2018 – Sep 30, 2019): Dividend per share 1.96 USD · Payout ratio 52.8%
- Fiscal year 2020 (Oct 1, 2019 – Sep 30, 2020): Dividend per share 2.00 USD · Payout ratio 61.7%
- Fiscal year 2021 (Oct 1, 2020 – Sep 30, 2021): Dividend per share 2.02 USD · Payout ratio 52.9%
- Fiscal year 2022 (Oct 1, 2021 – Sep 30, 2022): Dividend per share 2.06 USD · Payout ratio 38.1%
- Fiscal year 2023 (Oct 1, 2022 – Sep 30, 2023): Dividend per share 2.08 USD · Payout ratio 9.1%
- Fiscal year 2024 (Oct 1, 2023 – Sep 30, 2024): Dividend per share 2.10 USD · Payout ratio 61.2%
- Fiscal year 2025 (Oct 1, 2024 – Sep 30, 2025): Dividend per share 2.11 USD · Payout ratio 52.2%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.52 USD · Payout ratio 40.3%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.53 USD · Payout ratio 210.0%
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.53 USD · Payout ratio 60.3%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.53 USD · Payout ratio 92.1%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.53 USD · Payout ratio 30.3%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.53 USD · Payout ratio 51.7%
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.53 USD · Payout ratio 61.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.53 USD · Payout ratio 50.7%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.53 USD · Payout ratio 47.1%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 0.56 USD · Payout ratio 51.9%
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.56 USD · Payout ratio 50.5%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.56 USD · Payout ratio 43.4%
Fiscal year 2025 (Oct 1, 2024 – Sep 30, 2025): Revenue 18.0B USD · Net income 2.3B USD · Net margin 12.7%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 52.8 USD gross profit and 12.7 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 18.0B USD | 100.0% |
| Gross profit | 9.5B USD | 52.8% |
| Cost of revenue | 8.5B USD | 47.2% |
| Net income | 2.3B USD | 12.7% |
| Research & development | 771.0M USD | 4.3% |
| Taxes | 696.0M USD | 3.9% |
| Remaining costs & other | 5.8B USD | 32.0% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The net margin rose in 5 years from 11.7% to 12.7%.
Gross marginNet margin- Fiscal year 2016: Gross margin 43.1% · Net margin 11.3%
- Fiscal year 2017: Gross margin 42.0% · Net margin 9.9%
- Fiscal year 2018: Gross margin 42.9% · Net margin 12.7%
- Fiscal year 2019: Gross margin 42.5% · Net margin 12.6%
- Fiscal year 2020: Gross margin 41.8% · Net margin 11.7%
- Fiscal year 2021: Gross margin 41.5% · Net margin 12.6%
- Fiscal year 2022: Gross margin 41.7% · Net margin 16.5%
- Fiscal year 2023: Gross margin 49.0% · Net margin 87.2%
- Fiscal year 2024: Gross margin 50.8% · Net margin 11.3%
- Fiscal year 2025: Gross margin 52.8% · Net margin 12.7%
Returns
Return on equity fell in 5 years from 23.4% to 11.3%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 21.6% · Return on assets 7.5%
- Fiscal year 2017: Return on equity 17.4% · Return on assets 7.7%
- Fiscal year 2018: Return on equity 24.6% · Return on assets 10.8%
- Fiscal year 2019: Return on equity 28.0% · Return on assets 11.3%
- Fiscal year 2020: Return on equity 23.4% · Return on assets 8.6%
- Fiscal year 2021: Return on equity 23.3% · Return on assets 9.3%
- Fiscal year 2022: Return on equity 31.2% · Return on assets 9.1%
- Fiscal year 2023: Return on equity 63.9% · Return on assets 30.9%
- Fiscal year 2024: Return on equity 9.1% · Return on assets 4.4%
- Fiscal year 2025: Return on equity 11.3% · Return on assets 5.5%
Equity and long-term debt
The equity ratio rose in 5 years from 36.7% to 48.3%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 7.6B USD · Long-term debt 4.1B USD
- Fiscal year 2017: Equity 8.7B USD · Long-term debt 3.8B USD
- Fiscal year 2018: Equity 8.9B USD · Long-term debt 3.1B USD
- Fiscal year 2019: Equity 8.2B USD · Long-term debt 4.3B USD
- Fiscal year 2020: Equity 8.4B USD · Long-term debt 6.3B USD
- Fiscal year 2021: Equity 9.9B USD · Long-term debt 5.8B USD
- Fiscal year 2022: Equity 10.4B USD · Long-term debt 8.3B USD
- Fiscal year 2023: Equity 20.7B USD · Long-term debt 7.6B USD
- Fiscal year 2024: Equity 21.6B USD · Long-term debt 7.2B USD
- Fiscal year 2025: Equity 20.3B USD · Long-term debt 8.3B USD
Liquidity (current ratio)
The current ratio fell in 5 years from 1.52 to 0.88.
Current ratio- Fiscal year 2016: Current ratio 1.24
- Fiscal year 2017: Current ratio 1.64
- Fiscal year 2018: Current ratio 1.07
- Fiscal year 2019: Current ratio 1.19
- Fiscal year 2020: Current ratio 1.52
- Fiscal year 2021: Current ratio 1.35
- Fiscal year 2022: Current ratio 1.09
- Fiscal year 2023: Current ratio 2.75
- Fiscal year 2024: Current ratio 1.77
- Fiscal year 2025: Current ratio 0.88
Cash flow
Free cash flow stayed roughly the same in 5 years (2.7B USD).
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 2.9B USD · Capital expenditure 447.0M USD · Free cash flow 2.4B USD
- Fiscal year 2017: Operating cash flow 1.9B USD · Capital expenditure 476.0M USD · Free cash flow 1.4B USD
- Fiscal year 2018: Operating cash flow 2.9B USD · Capital expenditure 617.0M USD · Free cash flow 2.3B USD
- Fiscal year 2019: Operating cash flow 3.0B USD · Capital expenditure 594.0M USD · Free cash flow 2.4B USD
- Fiscal year 2020: Operating cash flow 3.1B USD · Capital expenditure 538.0M USD · Free cash flow 2.5B USD
- Fiscal year 2021: Operating cash flow 3.6B USD · Capital expenditure 581.0M USD · Free cash flow 3.0B USD
- Fiscal year 2022: Operating cash flow 2.9B USD · Capital expenditure 531.0M USD · Free cash flow 2.4B USD
- Fiscal year 2023: Operating cash flow not available · Capital expenditure 363.0M USD · Free cash flow not available
- Fiscal year 2024: Operating cash flow 3.3B USD · Capital expenditure 419.0M USD · Free cash flow 2.9B USD
- Fiscal year 2025: Operating cash flow 3.1B USD · Capital expenditure 431.0M USD · Free cash flow 2.7B USD
Share count
The share count fell in 5 years by 6.6% (mostly through share repurchases).
Diluted share count- Fiscal year 2016: Diluted share count 646.8M
- Fiscal year 2017: Diluted share count 643.4M
- Fiscal year 2018: Diluted share count 635.3M
- Fiscal year 2019: Diluted share count 620.6M
- Fiscal year 2020: Diluted share count 606.6M
- Fiscal year 2021: Diluted share count 601.8M
- Fiscal year 2022: Diluted share count 596.3M
- Fiscal year 2023: Diluted share count 577.3M
- Fiscal year 2024: Diluted share count 574.0M
- Fiscal year 2025: Diluted share count 566.7M
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 2.11 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +0.8%5 y +1.1%10 y +1.2%
- Years without a cut
- at least 10 as far as the data goes
- Payout ratio
- of earnings 52% of free cash flow 45%
- To shareholders (5 years)
- 10.6B USD 43% through repurchases
- Share count over 5 years
- −6.6% fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 2.00 USD to 2.11 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 1.90 USD
- Fiscal year 2017: Dividend per share 1.92 USD
- Fiscal year 2018: Dividend per share 1.94 USD
- Fiscal year 2019: Dividend per share 1.96 USD
- Fiscal year 2020: Dividend per share 2.00 USD
- Fiscal year 2021: Dividend per share 2.02 USD
- Fiscal year 2022: Dividend per share 2.06 USD
- Fiscal year 2023: Dividend per share 2.08 USD
- Fiscal year 2024: Dividend per share 2.10 USD
- Fiscal year 2025: Dividend per share 2.11 USD
Payout ratios
The payout ratio fell in 5 years from 61.7% to 52.2%.
Payout ratio (earnings)Payout ratio (free cash flow)- Fiscal year 2016: Payout ratio (earnings) 75.4% · Payout ratio (free cash flow) 50.4%
- Fiscal year 2017: Payout ratio (earnings) 81.7% · Payout ratio (free cash flow) 86.3%
- Fiscal year 2018: Payout ratio (earnings) 56.1% · Payout ratio (free cash flow) 54.0%
- Fiscal year 2019: Payout ratio (earnings) 52.8% · Payout ratio (free cash flow) 50.1%
- Fiscal year 2020: Payout ratio (earnings) 61.7% · Payout ratio (free cash flow) 47.5%
- Fiscal year 2021: Payout ratio (earnings) 52.9% · Payout ratio (free cash flow) 40.4%
- Fiscal year 2022: Payout ratio (earnings) 38.1% · Payout ratio (free cash flow) 51.2%
- Fiscal year 2023: Payout ratio (earnings) 9.1% · Payout ratio (free cash flow) not available
- Fiscal year 2024: Payout ratio (earnings) 61.2% · Payout ratio (free cash flow) 41.2%
- Fiscal year 2025: Payout ratio (earnings) 52.2% · Payout ratio (free cash flow) 44.7%
What goes back to shareholders
Over 5 years, 10.6B USD went back to shareholders, 43% of it through share repurchases.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2016: Dividends paid 1.2B USD · Share repurchases 601.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
- Fiscal year 2017: Dividends paid 1.2B USD · Share repurchases 400.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.4B USD
- Fiscal year 2018: Dividends paid 1.2B USD · Share repurchases 1.0B USD · New shares issued (including employee plans) not available · Free cash flow 2.3B USD
- Fiscal year 2019: Dividends paid 1.2B USD · Share repurchases 1.3B USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
- Fiscal year 2020: Dividends paid 1.2B USD · Share repurchases 942.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.5B USD
- Fiscal year 2021: Dividends paid 1.2B USD · Share repurchases 500.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.0B USD
- Fiscal year 2022: Dividends paid 1.2B USD · Share repurchases 500.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
- Fiscal year 2023: Dividends paid 1.2B USD · Share repurchases 2.0B USD · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2024: Dividends paid 1.2B USD · Share repurchases 435.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.9B USD
- Fiscal year 2025: Dividends paid 1.2B USD · Share repurchases 1.2B USD · New shares issued (including employee plans) not available · Free cash flow 2.7B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
Emerson Electric next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| MMM 3M | 24.9B USD | −5.0% | 39.9% | 18.6% | 13.0% | 69.1% | 12.5% | 5.6% | 5/9 |
| UNP Union Pacific Corporation | 24.5B USD | +4.6% | – | 40.2% | 29.1% | 38.7% | 26.5% | 22.4% | – |
| JCI Johnson Controls | 23.6B USD | +1.1% | 36.4% | – | 13.9% | 25.5% | 34.1% | 9.0% | 6/9 |
| ADP Automatic Data Processing | 21.9B USD | +7.9% | 46.4% | – | 20.1% | 73.2% | 9.5% | 23.9% | 8/9 |
| PH Parker Hannifin | 21.5B USD | +8.4% | 37.7% | 23.6% | 17.0% | 23.7% | 49.9% | 18.2% | 9/9 |
| TT Trane Technologies | 21.3B USD | +11.4% | – | 18.6% | 13.7% | 34.0% | 40.1% | 13.2% | – |
| EMR Emerson Electric this stock | 18.0B USD | +1.4% | 52.8% | – | 12.7% | 11.3% | 48.3% | 14.8% | 6/9 |
| ITW Illinois Tool Works | 16.0B USD | +5.0% | 52.9% | 26.3% | 19.1% | 95.0% | 20.0% | 16.9% | 6/9 |
| CSX CSX Corporation | 14.1B USD | +5.9% | – | 32.1% | 20.5% | 22.0% | 30.1% | 12.1% | – |
| Median of the sector 34 symbols | 24.1B USD | +9.2% | 35.4% | 10.4% | 12.9% | 26.3% | 33.2% | 9.7% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+1.4% per year, last 5 years
Sector Industrials: median +8.0% (82 symbols)
What does this mean? Revenue: over 5 years it grew by 1.4% per year on average, but more slowly than the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+3.1% per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: +4.5% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 3.1% per year on average, but more slowly than the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin12.7% last fiscal year
Sector Industrials: median 11.1% (88 symbols)
What does this mean? Of every 100 USD in revenue, 12.73 USD remained as profit – at least as much as the median company in the sector (11.1%). Five years ago the margin was 11.7%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.37 latest balance sheet
Sector Industrials: median 0.58 (77 symbols)
What does this mean? For every 1 USD of equity there is 0.37 USD of financial debt – no more than the median company in the sector (0.58). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth52% Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.52 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Sep 30, 2025 | 18.0B | 2.3B | 12.7% | 4.04 | 2.11 | 52% |
| 2024 | Sep 30, 2024 | 17.5B | 2.0B | 11.3% | 3.43 | 2.10 | 61% |
| 2023 | Sep 30, 2023 | 15.2B | 13.2B | 87.2% | 22.88 | 2.08 | 9% |
| 2022 | Sep 30, 2022 | 19.6B | 3.2B | 16.5% | 5.41 | 2.06 | 38% |
| 2021 | Sep 30, 2021 | 18.2B | 2.3B | 12.6% | 3.82 | 2.02 | 53% |
| 2020 | Sep 30, 2020 | 16.8B | 2.0B | 11.7% | 3.24 | 2.00 | 62% |
| 2019 | Sep 30, 2019 | 18.4B | 2.3B | 12.6% | 3.71 | 1.96 | 53% |
| 2018 | Sep 30, 2018 | 17.4B | 2.2B | 12.7% | 3.46 | 1.94 | 56% |
| 2017 | Sep 30, 2017 | 15.3B | 1.5B | 9.9% | 2.35 | 1.92 | 82% |
| 2016 | Sep 30, 2016 | 14.5B | 1.6B | 11.3% | 2.52 | 1.90 | 75% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 4.9B | 718.0M | 14.7% | 1.28 | 0.56 | 43% |
| Q1/26 | Mar 31, 2026 | 4.6B | 618.0M | 13.5% | 1.10 | 0.56 | 50% |
| Q4/25 | Dec 31, 2025 | 4.3B | 605.0M | 13.9% | 1.07 | 0.56 | 52% |
| Q3/25 | Sep 30, 2025 | 4.9B | 637.0M | 13.1% | 1.12 | 0.53 | 47% |
| Q2/25 | Jun 30, 2025 | 4.6B | 586.0M | 12.9% | 1.04 | 0.53 | 51% |
| Q1/25 | Mar 31, 2025 | 4.4B | 485.0M | 10.9% | 0.86 | 0.53 | 61% |
| Q4/24 | Dec 31, 2024 | 4.2B | 585.0M | 14.0% | 1.02 | 0.53 | 52% |
| Q3/24 | Sep 30, 2024 | 4.6B | 996.0M | 21.6% | 1.73 | 0.53 | 30% |
| Q2/24 | Jun 30, 2024 | 4.4B | 329.0M | 7.5% | 0.57 | 0.53 | 92% |
| Q1/24 | Mar 31, 2024 | 4.4B | 501.0M | 11.4% | 0.87 | 0.53 | 60% |
| Q4/23 | Dec 31, 2023 | 4.1B | 142.0M | 3.4% | 0.25 | 0.53 | 210% |
| Q3/23 | Sep 30, 2023 | 4.1B | 744.0M | 18.2% | 1.29 | 0.52 | 40% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $2.7M2 people | −$2.7M |
| 6 months | $00 people | $4.4M3 people | −$4.4M |
| 12 months | $00 people | $7.9M6 people | −$7.9M |
Latest transactions
- Aug 11, 2026 Karsanbhai Surendralal Lanca Chief executive (CEO), Director Open-market sale 9,650 shares · $1.6M · SEC
- Aug 6, 2026 Train Michael H. Officer Open-market sale 7,329 shares · $1.2M · SEC
- Jun 1, 2026 Krishnan Ram R. Officer Open-market sale 11,500 shares · $1.6M · SEC
- Mar 10, 2026 Karsanbhai Surendralal Lanca Chief executive (CEO), Director Open-market sale 5,700 shares · $811.2K · SEC
- Feb 10, 2026 Levatich Matthew S Director Open-market sale 1,476 shares · $239.3K · SEC
- Feb 9, 2026 Piazza Nicholas J. Officer Open-market sale 6,703 shares · $1.1M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +65
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+0
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)11.0
Rel. strength 60 d+6.3%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
More stocks from Industrials
News
Latest news
Johnson Controls Q4 Earnings & Revenues Beat Estimates, Up Y/Y Yahoo Finance · Oct 27, 15:59
Johnson Controls International Reports Soon: How Has The Stock Reacted To Past Earnings? Yahoo Finance · Oct 27, 00:13
Johnson Controls International Reports Soon: How Has The Stock Reacted To Past Earnings? Finnhub · Yahoo · Oct 27, 00:13
Should You Be Worried About Honeywell Stock? Yahoo Finance · Oct 26, 22:57
Should You Be Worried About Honeywell Stock? Finnhub · Yahoo · Oct 26, 22:57
Xylem Gears Up to Post Q3 Earnings: What's in the Cards? Yahoo Finance · Oct 26, 15:17
Xylem Gears Up to Post Q3 Earnings: What's in the Cards? Finnhub · Yahoo · Oct 26, 15:17
Avery Dennison Gears Up to Report Q3 Earnings: What to Expect? Yahoo Finance · Oct 26, 15:09
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