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Emerson Electric Co.

EMR Industrials Specialty Industrial Machinery

Emerson Electric Co.’s revenue for fiscal 2026 (year ended September 2026) was $19.0 billion, up 5.36% from fiscal 2025.

Revenue
+7.10%
EPS
+23.1%
Free cash flow
+8.91%
Total debt
−7.17%

Quarter to September 2026, against a year earlier

163.03 7.41 −4.35%
Market cap
$90.7B
P/E
35.7×
Fwd P/E
33.6×
Dividend yield
1.36%
F-score
n/a
Altman Z
n/a
Beneish M
−2.57
Dividend safety
84/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Intelligent Devices
  • Software & Control

Every year since 2014 →

Insider Decisions last twelve months

Sold, $m 7.87
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 3 1 — — 1 — 2 — — —
Insider Ownership 0.49%

Capital & Financial Ratios $m

Size
Market Cap 90,700.00
Revenue ttm 18,982.00
Net income ttm 2,693.00
Free cash flow ttm 3,535.00
Net debt Q 10,369.00
Valuation
P/E 35.67 (above 35: high)
Forward P/E 33.60
Price / sales 4.80
Forward P/S Powerpack
Price / FCF 25.77
Price / book 5,693.82 (above 6: high)
Financial health
Current ratio Q 0.94 (below 1: weak)
Debt / equity Q 0.59
Interest coverage Q 17.72
Growth
Revenue growth Q +7.10% (above 0%: growing)
Operating income growth Q +13.19% (above 0%: growing)
EPS, this year +10.71%
EPS, next year A +10.51%
Revenue, next year A +39.88% (at or above 10%: strong)
EPS, past 5 yrs +4.64%
EPS, next 5 yrs A +10.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.3×, against a ten-year median of 3.5×; over the ten years it ranged from 1.9× in 2020 to 6.5× in 2022.
P/E against its own 10 years 95.97%
10-year low 10-year high
P/S against its own 10 years 95.23%
10-year low 10-year high
P/B against its own 10 years 99.67%
10-year low 10-year high
EV/Sales against its own 10 years 95.86%
10-year low 10-year high
EV/FCF against its own 10 years 77.04%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.36%
Annual rate
2.22
Payout ratio
46.5%
Growth, 2017–25
+1.32%/yr
  1. 1.93 ’17
  2. 1.95 ’18 +1
  3. 1.97 ’19 +1
  4. 2.01 ’20 +2
  5. 2.03 ’21 +1
  6. 2.07 ’22 +2
  7. 2.09 ’23 +1
  8. 2.10 ’24 +1
  9. 2.14 ’25 +2
  10. 2.95 ’26e +38
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 8,051 3,588 1,544 1,806
Receivables 2,518 2,927 3,101 3,317
Inventory 2,006 2,180 2,213 2,432
Other 1,244 1,497 1,725 1,962
13,819 10,192 8,583 9,517
2023 2024 2025 2026
Payables 1,275 1,335 1,384 1,698
ST’ Debt 547 532 4,797 4,667
Other — — — —
5,032 5,742 9,797 10,118

Compound Annual Growth %

10y 5y 3y
Sales 2.71% 7.98% 7.77%
Cash Flow 3.28% 2.16% 84.15%
Earnings 5.11% 3.16% (41.17%)
Book Value 10.54% 15.90% (7.93%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 1.85 Actual 1.86

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 1.41 1.46 Beat by 0.05
Q2 FY26 1.54 1.54 Met by 0.00
Q3 FY26 1.68 1.71 Beat by 0.03
Q4 FY26 1.85 1.86 Beat by 0.01
Q1 FY27 1.60 — Reports 2 February 2027

EPS $

Dec Mar Jun Sep Year
’26 — — — — —
’26 1.07 1.10 1.28 1.33 4.79
’25 1.02 0.86 1.04 1.12 4.04
’24 0.25 0.87 0.57 1.73 3.43
’23 3.97 1.38 16.28 1.29 22.88
’22 1.50 1.13 1.54 1.24 5.41
’21 0.74 0.93 1.04 1.11 3.82
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 — — — — —
’26 4,346 4,562 4,873 5,201 18,982
’25 4,175 4,432 4,553 4,856 18,016
’24 4,117 4,376 4,380 4,619 17,492
’23 3,373 3,756 3,946 4,090 15,165
’22 3,156 3,291 3,465 3,892 13,804
’21 4,161 4,431 4,697 (357) 12,932
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 — — — — —
’26 699 779 1,424 1,076 3,978
’25 777 241 1,070 1,010 3,098
’24 415 743 1,090 1,084 3,332
’23 418 68 794 (643) 637
’22 523 442 740 1,217 2,922
’21 808 807 1,105 855 3,575
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 — — — — —
’26 602 694 1,322 917 3,535
’25 694 154 977 842 2,667
’24 338 661 998 916 2,913
’23 359 6 721 (812) 274
’22 450 375 681 1,117 2,623
’21 686 707 977 801 3,171
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 11.4% a year for ten years. It grew 4.7% a year over the last ten.

Implied
11.4%
10 years, reported
4.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 15,264 17,408 18,372 16,785 12,932 13,804 15,165 17,492 18,016 18,982 +2.5% 26,609 28,077 — +21.6%
Gross margin, % 42.13 42.69 42.54 41.76 44.31 45.68 48.97 50.79 52.84 53.36 +11.2 pt
EBT 2,335 2,667 2,859 2,335 1,762 2,432 2,903 2,020 2,934 3,489 +4.6%
EBT margin, % 15.30 15.32 15.56 13.91 13.63 17.62 19.14 11.55 16.29 18.38 +3.1 pt
Net income 1,550 2,224 2,328 1,990 2,327 3,230 13,200 1,955 2,246 2,693 +6.3%
Per share, $
Per share, $ Revenue 23.77 27.54 29.82 27.84 21.62 23.28 26.41 30.62 31.94 0.00 n/m
Earnings 2.35 3.46 3.71 3.24 3.82 5.41 22.88 3.43 4.04 — +7.0%
Cash flow 2.98 4.58 4.88 5.11 5.98 4.93 1.11 5.83 5.49 0.00 n/m
Capex (0.74) (0.98) (0.96) (0.89) (0.68) (0.50) (0.63) (0.73) (0.76) 0.00 n/m
Free cash flow 2.24 3.60 3.91 4.22 5.30 4.42 0.48 5.10 4.73 0.00 n/m
Book value 13.66 14.22 13.43 14.01 16.59 27.52 46.32 48.15 35.99 0.00 n/m
Shares, m 642 632 616 603 598 593 574 571 564 — (1.6%)
Valuation, ×
Valuation, × P/E 26.89 22.44 18.02 20.24 24.66 13.53 4.18 31.98 32.47 33.94 22.8
P/S 2.66 2.82 2.24 2.36 4.36 3.14 3.62 3.57 4.11 4.57 3.3
P/B 4.63 5.46 4.98 4.68 5.68 2.66 2.07 2.27 3.65 5,416.87 545.3
EV/Sales 2.76 3.03 2.47 2.60 4.69 3.77 3.63 3.81 4.75 5.11 3.7
EV/FCF 29.37 23.18 18.83 17.17 19.13 19.82 200.96 22.86 32.08 27.45 41.1
Cash, $m
Cash, $m Operating cash flow 1,912 2,892 3,006 3,083 3,575 2,922 637 3,332 3,098 3,978 +8.5%
Capex (476) (617) (594) (538) (404) (299) (363) (419) (431) (443) (0.8%)
Free cash flow 1,436 2,275 2,412 2,545 3,171 2,623 274 2,913 2,667 3,535 +10.5%
Balance, $m
Balance, $m Working capital 3,207 455 1,163 3,021 2,186 729 8,787 4,450 (1,214) (601) n/m
Net debt 1,594 3,667 4,227 4,171 4,311 8,570 106 4,099 11,572 10,369 +23.1%
Shareholders’ equity 8,770 8,990 8,273 8,447 9,923 16,316 26,598 27,509 20,298 20,756 +10.0%
Returns, %
Returns, % ROA 7.35 11.02 11.28 9.06 9.68 10.70 33.71 4.52 5.32 6.42 (0.9) pt
ROIC 17.03 15.62 16.79 14.97 9.82 7.90 7.96 7.56 8.66 9.70 (7.3) pt
ROE 18.53 24.81 26.72 23.50 25.07 24.63 61.61 7.27 9.59 26.49 +8.0 pt
People
People Employees 76,500 87,500 88,000 83,500 86,700 85,500 67,000 73,000 71,000 — (0.9%)
Revenue/emp, $m 0.20 0.20 0.21 0.20 0.15 0.16 0.23 0.24 0.25 0.00 n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Emerson Electric Co. sells equipment and software that help industrial customers run, monitor and improve their operations. Founded in 1890 and headquartered in St. Louis, the company is led by President and Chief Executive Officer Lal Karsanbhai.

Its products include valves that regulate the flow of liquids and gases, instruments that measure conditions such as pressure and temperature, and control systems that use those measurements to operate equipment. Its software helps customers design, operate and maintain industrial facilities. Emerson also sells automated test and measurement systems and tools used by professionals and homeowners.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Intelligent Devices 12,400 68.83%
Software & Control 5,691 31.59%
Gross margin 52.84%
Operating margin 24.51%
Pre-tax margin 16.29%

Revenue by segment since 2014

Emerson Electric Co. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GEV GE Vernova Inc. $203.9B 20.1× 27.3× +26.81% (above 0%: growing) +191.92% (above 0%: growing) +640.03% (above 0%: growing) 24.57% 11.03% Compare
ETN Eaton Corporation, PLC $127.1B 32.6× 32.9× +28.03% (above 0%: growing) +6.79% (above 0%: growing) −11.00% (below 0%: shrinking) 34.70% 17.76% Compare
PH Parker-Hannifin Corporation $112.5B 30.5× 29.1× +17.86% (above 0%: growing) +9.70% (above 0%: growing) +7.58% (above 0%: growing) 37.73% 0.00% Compare
EMR Emerson Electric Co. $90.7B 35.7× 33.6× +7.10% (above 0%: growing) +23.08% (above 0%: growing) +8.91% (above 0%: growing) 52.68% 25.90%
ITW Illinois Tool Works Inc. $81.1B 25.4× 24.3× +4.36% (above 0%: growing) +6.53% (above 0%: growing) −5.57% (below 0%: shrinking) 45.09% 27.79% Compare
CMI Cummins Inc. $61.8B 18.6× 17.8× +13.48% (above 0%: growing) +113.66% (above 0%: growing) +9.43% (above 0%: growing) 27.71% 15.30% Compare
AME AMETEK, Inc. $51.1B 31.4× 32.8× +17.31% (above 0%: growing) +15.55% (above 0%: growing) +25.59% (above 0%: growing) 36.50% 26.35% Compare
ROK Rockwell Automation, Inc. $42.3B 35.6× 33.8× +7.88% (above 0%: growing) +40.38% (above 0%: growing) +33.74% (above 0%: growing) 49.46% 21.75% Compare
IR Ingersoll Rand Inc. $31.4B 22.9× 32.9× +5.62% (above 0%: growing) +180.65% (above 0%: growing) +91.49% (above 0%: growing) 44.76% 37.90% Compare
Median of peers $71.4B 27.9× 31.0× +15.40% +27.97% +17.51% 37.12% 19.76%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • Lal Karsanbhai said demand was broad-based, with North America and Asia leading, while Europe and China remained soft but improved during the quarter.
  • Mike Baughman said Emerson raised its fiscal 2026 sales, adjusted EPS and free-cash-flow outlook after third-quarter results and demand trends.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 81.66%
Held by the ten largest 37.77%
Holder Shares Stake Change
Vanguard 55.83m 10.01% +383.19k
BlackRock 43.27m 7.76% +1.45m
State Street 27.68m 4.96% +403.96k
Bank of America 18.37m 3.29% −1.58m
Geode Capital Management 12.61m 2.26% +66.10k
Morgan Stanley 12.01m 2.15% +360.64k
UBS 10.96m 1.97% +105.92k
JPMorgan Chase 10.75m 1.93% −4.13m
Wells Fargo 9.76m 1.75% −203.21k
Fisher Investments 9.43m 1.69% +946.69k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

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EMR metrics, ten years each

stockrow.com/EMR · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com