Emerson Electric Co EMR

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsUnited States of America

Last close 165.96 USD on Nov 2, 2026, +26.5% year to date

Quant rating

Quant rating C Rank 199 of 486 in Industrials

Growth C 311 of 486
Valuation D 355 of 486
Quality B 181 of 486
Revisions C 249 of 486
Momentum A 70 of 486

Wall Street consensus Buy (2.16)Average target 174.28 USD +5.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 92.6B
Enterprise value: 103.5B
52-week range: 122.66 – 171.22
3-year range: 84.75 – 171.22
Dividend yield: 1.35%
Beta (5 years): 1.21
Shares outstanding: 558M
Next earnings: Nov 4, 2026

About the company

Emerson Electric Co. is a global technology and software company that provides solutions for customers in a wide range of end markets around the world. The Company operates through seven segments under two business groups, such as Intelligent Devices and Software and Control. Its Intelligent Devices business includes Final Control, Measurement & Analytical, Discrete Automation, and Safety & Productivity. Software and Control business includes Control Systems & Software, Test & Measurement, and AspenTech. Its Final Control segment is a global provider of control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries. Its Measurement & Analytical segment is a supplier of intelligent instrumentation measuring the physical properties of liquids or gases. AspenTech segment provides asset optimization software that enables industrial manufacturers to design, operate and maintain their operations.

Growth and profitability fiscal year ends September 30

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	18,016	17,492	15,165	13,804	12,932	–
Revenue growth	3.0%	15.3%	9.9%	6.7%	−23.0%	1.4%
EPS (basic, normalized)	6.00	5.49	4.44	5.25	4.10	–
EPS growth	9.3%	23.6%	−15.4%	28.0%	–	–
Gross margin	52.8%	50.8%	49.0%	45.7%	73.0%	54.3%
Net margin	12.7%	9.2%	15.0%	13.6%	10.8%	12.3%
ROE	10.9%	7.6%	14.7%	18.6%	15.2%	13.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	2,180
Current ratio	0.90x
Long-term debt (mil)	7,526
Net debt (mil)	10,948
Total equity (mil)	20,379
Net debt / equity	0.54x
Net debt / EBITDA	2.13x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	18,016	+3.0%	5.7x	5,128	+11.7%	20.2x	6.00	+9.3%	27.7x
2026	18,901	+4.9%	5.5x	5,493	+7.1%	18.8x	6.56	+9.4%	25.3x
2027	19,966	+5.6%	5.2x	5,900	+7.4%	17.5x	7.28	+10.9%	22.8x
2028	21,060	+5.5%	4.9x	6,307	+6.9%	16.4x	8.06	+10.7%	20.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	18,901	0.0%	+0.4%	+0.1%	6.56	0.0%	+0.8%	+1.0%
2027	19,966	0.0%	+0.5%	+0.4%	7.28	−0.2%	+1.0%	+2.0%
2028	21,060	0.0%	+0.6%	+0.5%	8.06	−0.2%	+0.8%	+3.1%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	4,376	4,380	4,619	4,175	4,432	4,553	4,855	4,346	4,562	4,873
Sales mean (mil)	4,290	4,450	4,566	4,231	4,384	4,597	4,906	4,347	4,595	4,802
Surprise	+2.0%	−1.6%	+1.2%	−1.3%	+1.1%	−1.0%	−1.0%	0.0%	−0.7%	+1.5%
EPS reported	1.36	1.43	1.48	1.38	1.48	1.52	1.62	1.46	1.54	1.71
EPS mean	1.25	1.42	1.47	1.28	1.41	1.51	1.62	1.41	1.53	1.68
Surprise	+8.6%	+0.8%	+0.9%	+7.8%	+4.8%	+0.6%	+0.2%	+3.4%	+0.3%	+2.0%

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
EMR Emerson Electric Co	92.6B	2.13x	12.7%	4.54x	25.3x	22.8x	18.8x	17.5x
CAT Caterpillar Inc	282.1B	2.87x	13.1%	13.13x	22.5x	19.0x	18.2x	15.5x
DE Deere & Co	180.0B	6.48x	11.0%	6.43x	36.9x	29.4x	31.9x	27.1x
ETN Eaton Corporation PLC	142.2B	2.91x	14.9%	7.02x	26.9x	22.7x	20.7x	17.6x
PH Parker-Hannifin Corporation	117.1B	1.43x	17.0%	7.59x	26.1x	23.5x	18.4x	16.9x
TT Trane Technologies PLC	90.5B	0.70x	13.9%	9.94x	27.1x	23.3x	19.3x	16.8x
Mean		2.75x	13.8%	8.11x	27.5x	23.5x	21.2x	18.6x
Median		2.50x	13.5%	7.31x	26.5x	23.1x	19.1x	17.2x

Technical analysis

1M+2.7%
3M+11.1%
1Y+20.8%
3Y+92.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Emerson Electric Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	18,016	17,492	15,165	13,804	12,932	16,785
Cost of revenue	8,497	8,607	7,738	7,498	3,494	9,776
Gross profit	9,519	8,885	7,427	6,306	9,438	7,009
Selling, general & administrative expenses	5,103	5,421	4,186	3,614	7,202	3,986
Research & development	–	–	–	–	–	–
Depreciation/amortization	884	1,077	482	336	277	239
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	350	324	188	301	132	284
Other operating expenses	−81.0	−72.0	−145	−100	−71.0	9.0
Operating income	3,263	2,135	2,716	2,155	1,898	2,491
Net interest income (expense)	−329	−115	187	277	−136	−156
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	2,934	2,020	2,903	2,432	1,762	2,335
Provision for taxes	696	415	642	549	346	345
Minority interest	47.0	13.0	19.0	1.0	−24.0	−25.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	2,285	1,618	2,280	1,884	1,392	1,965
Extraordinary items	8.0	350	10,939	1,347	911	–
Net income	2,293	1,968	13,219	3,231	2,303	1,965
EBIT, normalized	3,639	2,475	2,924	2,496	2,064	2,775
EBITDA, normalized	5,157	4,164	3,975	3,338	2,826	3,629
Basic EPS, normalized	6.00	5.49	4.44	5.25	4.10	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Emerson Electric Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,544	3,588	8,051	1,804	2,354	3,315
Receivables	3,101	2,927	2,518	3,008	3,499	3,260
Total inventory	2,213	2,180	2,006	2,191	2,050	1,928
Prepaid expenses	–	–	–	–	–	–
Other current assets	1,725	1,497	1,244	1,503	529	303
Total current assets	8,583	10,192	13,819	8,506	8,432	8,806
Property, plant & equipment	3,508	3,499	2,913	3,850	4,296	4,196
Goodwill	18,193	18,067	14,480	14,662	7,723	6,734
Intangibles	9,458	10,436	6,263	6,724	2,877	2,468
Long-term investments	–	–	–	–	–	–
Note receivable	676	556	3,867	85.0	95.0	100
Other long-term assets	1,546	1,496	1,404	1,845	1,292	578
Total assets	41,964	44,246	42,746	35,672	24,715	22,882
Liabilities
Accounts payable	1,384	1,335	1,275	2,028	2,108	1,715
Payable/accrued	–	–	–	–	–	–
Accrued expenses	2,455	2,832	2,349	2,781	2,536	2,327
Short-term debt	4,192	0	1.0	1,599	334	838
Current portion of long-term debt	605	532	546	516	538	322
Other current liabilities	1,161	1,043	861	853	730	583
Total current liabilities	9,797	5,742	5,032	7,777	6,246	5,785
Long-term debt	8,319	7,155	7,610	8,259	5,793	6,326
Minority interest	16.0	5,873	5,909	5,952	40.0	42.0
Other liabilities	3,550	3,840	3,506	3,320	2,753	2,324
Total liabilities	21,682	22,610	22,057	25,308	14,832	14,477
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	477	477	477	477	477	477
Additional paid-in capital	85.0	169	62.0	57.0	522	470
Retained earnings (accumulated deficit)	40,603	40,830	40,070	28,053	26,047	24,955
Treasury stock	−20,062	−18,972	−18,667	−16,738	−16,291	−15,920
Other equity	−821	−868	−1,253	−1,485	−872	−1,577
Total equity	20,282	21,636	20,689	10,364	9,883	8,405
Total liabilities & shareholders' equity	41,964	44,246	42,746	35,672	24,715	22,882

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Emerson Electric Co, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	2,246	1,955	13,200	3,230	2,327	1,990
Depreciation, depletion & amortization	1,518	1,689	1,051	1,039	969	854
Deferred taxes	–	–	–	–	–	–
Non-cash items	−381	239	−13,187	−836	211	111
Changes in working capital	−285	−551	−427	−511	68.0	128
Cash from operations	3,098	3,332	637	2,922	3,575	3,083
Investing activities
Capital expenditures	−431	−419	−363	−531	−581	−538
Other investing cash flows	−162	−4,941	12,778	−4,803	−1,539	−202
Cash from investing	−593	−5,360	12,415	−5,334	−2,120	−740
Financing activities
Financing cash flow items	−7,392	−44.0	−169	80.0	100	2.0
Cash dividends paid	−1,192	−1,201	−1,198	−1,223	−1,210	−1,209
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	4,074	−1,210	−5,456	3,191	−1,312	698
Cash from financing	−4,510	−2,455	−6,823	2,048	−2,422	−509
Foreign exchange effects	−39.0	20.0	18.0	−186	6.0	−13.0
Net change in cash	−2,044	−4,463	6,247	−550	−961	1,821
Free cash flow	2,667	2,913	274	2,391	2,994	2,545

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.