EMRNYSEElectronic & Other Electrical Equipment (No Computer Equip)Fiscal year ends September 30
EMERSON ELECTRIC CO
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$160.54−0.93 (-0.58%)
Close on Oct 19, 2026
- Market cap
- $90.08B
- P/E (TTM)
- 35.1
- Dividend yield
- 1.31%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
52.8%+11.1 pts over 5 years
Net margin
12.7%+1.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.0% | +9.3% | +1.4% | +1.0% | |
| Gross profit | +7.1% | +14.7% | +6.3% | +3.1% | |
| Net income | +16.5% | -10.8% | +3.1% | -1.7% | |
| EPS, diluted | +17.8% | -9.3% | +4.5% | +0.1% | |
| Free cash flow | -8.4% | +0.6% | +0.9% | +3.2% | |
| Dividend per share | +0.5% | +0.8% | +1.1% | +1.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.9% | 23.6% | 10.9% | |
| Return on assets | 7.5% | 9.1% | 5.3% | |
| Current ratio | 1.24 | 1.52 | 0.88 | |
| Debt to equity | 0.88 | 0.89 | 0.65 | |
| Inventory turnover | 6.7× | 5.1× | 3.9× | |
| Capex to revenue | 3.1% | 3.2% | 2.4% | |
| Diluted shares | 647M | 607M | 567M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Emerson Electric generated $13.56B from operations and spent $12.54B on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
Generated
$13.56B
Used
$12.54B
Capital expenditure$1.92B15%Dividends$6.02B48%Share buybacks$4.60B37%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.7%
×Asset turnover0.42×
×Equity multiplier2.06×
=Return on equity, FY202510.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.7% | 0.42× | 2.06× | 10.9% |
| FY2024 | 11.3% | 0.40× | 2.06× | 9.3% |
| FY2023 | 87.2% | 0.39× | 2.53× | 85.1% |
| FY2022 | 23.4% | 0.46× | 2.98× | 31.9% |
| FY2021 | 17.8% | 0.54× | 2.60× | 25.2% |
| FY2020 | 11.7% | 0.77× | 2.61× | 23.6% |
| FY2019 | 12.6% | 0.90× | 2.38× | 26.8% |
| FY2018 | 12.7% | 0.87× | 2.26× | 24.9% |
| FY2017 | 9.9% | 0.74× | 2.54× | 18.6% |
| FY2016 | 11.3% | 0.66× | 2.80× | 20.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.29B
- Cash generatingOperating cash flow above zero$3.10B
- Return on assets improvedROA up on the prior year4.6% → 5.2%
- Earnings backed by cashOperating cash flow above net income$3.10B vs $2.29B
- Less leverageLong-term debt to assets fell16.2% → 19.8%
- Better liquidityCurrent ratio rose1.77 → 0.88
- No dilutionShare count did not rise574M → 567M
- Gross margin improvedGross margin up on the prior year50.79% → 52.84%
- More efficientAsset turnover rose0.41 → 0.41