EMR
SP100NYSEEmerson Electric Co.
Industrials · Specialty Industrial Machinery · United States
Emerson Electric Co., a technology and software company, provides various solutions in the Americas, Asia, the Middle East, Africa, and Europe. It operates through Final Control, Measurement & Analytical, Discrete Automation, Safety & Productivity, Control Systems & Software, and Test & Measurement segments. The Final Control segment provides control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries under Anderson Greenwood, Bettis, Crosby, Fisher, Keystone, KTM, and Vanessa brands. The Measurement & Analytical segment supplies intelligent instrumentation measuring the physical properties of liquids or gases, such as pressure, temperature, level, flow, acoustics, corrosion, pH, conductivity, water quality, toxic gases, and flame under the Flexim, Micro Motion, and Rosemount brands. The Discrete Automation segment includes solenoid valves, pneumatic valves, valve position indicators, pneumatic cylinders and actuators, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems and software, electrical distribution equipment, and materials joining solutions used primarily in discrete industries under the Afag, Appleton, ASCO, Aventics, Branson, Movicon, PACSystems, SolaHD, TESCOM, and TopWorx brands. The Safety & Productivity segment delivers tools for professionals and homeowners that support infrastructure, promote safety, and enhance productivity under the Greenlee, Klauke, ProTeam, and RIDGID brands. The Control Systems & Software segment provides control systems and software that control plant processes by collecting and analyzing information from measurement devices in the plant under the DeltaV and Ovation brands. The Test & Measurement offers software-connected automated test and measurement systems. The company was incorporated in 1890 and is headquartered in Saint Louis, Missouri.
www.emerson.com ↗Shares trade at a premium 32.2× trailing earnings, easing to 19.4× on forward estimates. Profitability shows a net margin of 13.4% and return on equity of 12.3%. Leverage is elevated at 2.1× net debt/EBITDA. Revenue grew 2.9% year-on-year. It yields 1.6% in dividends. The mean analyst target of USD164.47 sits 18.3% above the current price (Buy, 27 analysts).
business model
Emerson Electric is a global industrial technology and automation company that provides measurement, control, software, and final-control solutions to process, hybrid, and discrete industries. It has repositioned toward a pure-play automation portfolio, including a majority stake in industrial software firm AspenTech. Revenue combines equipment sales with recurring software, services, and aftermarket support.
revenue segments
Emerson reports around its automation portfolio: Final Control, Measurement & Analytical, Discrete Automation, Control Systems & Software, and AspenTech (industrial software), plus its Safety & Productivity tools business. A significant share of revenue is recurring aftermarket and software. It serves energy, chemical, life sciences, power, and other process industries.
key dependencies
The business depends on industrial and process-automation capital spending, energy and chemical end-market investment, secular trends in energy transition, digitalization, and reshoring, and successful integration of AspenTech and portfolio moves. Aftermarket demand from a large installed base supports recurring revenue.
competitors
Competitors include Honeywell, Siemens, ABB, Schneider Electric, Rockwell Automation, and Yokogawa in automation and control, plus various software and instrumentation providers. AspenTech competes with other industrial-software vendors.
moat
Emerson's advantages include a large installed base creating switching costs and recurring aftermarket revenue, deep process-automation domain expertise, mission-critical measurement and control technology, and an expanding software layer via AspenTech. Long-standing customer relationships and technical integration reinforce stickiness.
risks
Risks include cyclicality in industrial and energy capital spending, exposure to oil, gas, and chemical investment cycles, integration and execution risk from acquisitions and divestitures, competitive pressure in automation, and macroeconomic and supply-chain sensitivity.
Financials & metrics
as of 28 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $18.02B | $17.49B | $15.16B | $13.80B | — |
| Cost of revenue | $8.50B | $8.61B | $7.74B | $7.50B | — |
| Gross profit | $9.52B | $8.88B | $7.43B | $6.31B | — |
| Operating expense | $5.99B | $6.22B | $4.67B | $3.95B | — |
| Operating income | $3.53B | $2.67B | $2.76B | $2.36B | — |
| Interest expense | $387.00M | $323.00M | $261.00M | $228.00M | — |
| Pretax income | $2.93B | $2.02B | $2.90B | $2.43B | — |
| Tax provision | $696.00M | $415.00M | $642.00M | $549.00M | — |
| Net income | $2.29B | $1.97B | $13.22B | $3.23B | — |
| EBITDA | $4.84B | $4.03B | $4.21B | $3.50B | — |
| Diluted EPS | $4.04 | $3.43 | $22.88 | $5.41 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $41.96B | $44.25B | $42.75B | $35.67B | — |
| Current assets | $8.58B | $10.19B | $13.82B | $8.51B | — |
| Cash & equivalents | $1.54B | $3.59B | $8.05B | $1.80B | — |
| Inventory | $2.21B | $2.18B | $2.01B | $1.74B | — |
| Total liabilities | $21.67B | $16.74B | $16.15B | $19.36B | — |
| Current liabilities | $9.80B | $5.74B | $5.03B | $7.78B | — |
| Total debt | $13.76B | $8.36B | $8.56B | $10.69B | — |
| Long-term debt | $8.32B | $7.16B | $7.61B | $8.26B | — |
| Shareholders' equity | $20.28B | $21.64B | $20.69B | $10.36B | — |
| Retained earnings | $40.60B | $40.83B | $40.07B | $28.05B | — |
| Working capital | -$1.21B | $4.45B | $8.79B | $729.00M | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $3.10B | $3.33B | $637.00M | $2.92B | — |
| Investing cash flow | -$593.00M | -$5.36B | $12.41B | -$5.33B | — |
| Financing cash flow | -$4.51B | -$2.46B | -$6.82B | $2.05B | — |
| Capital expenditure | -$431.00M | -$419.00M | -$363.00M | -$299.00M | — |
| Free cash flow | $2.67B | $2.91B | $274.00M | $2.62B | — |
| Dividends paid | -$1.19B | -$1.20B | -$1.20B | -$1.22B | — |
| Share buybacks | -$1.17B | -$643.00M | -$2.21B | -$500.00M | — |
| End cash position | $1.54B | $3.59B | $8.05B | $1.80B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 28 Aug 2026News
Sector peers
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