EMERSON ELECTRIC CO

Listed Company

EMRCIK 0000032604NYSELarge AcceleratedElectronic & Other Electrical Equipment (No Computer Equip)MissouriFY ends Sep 30

Period

FY 2025

Revenue

$18.02B

Net Income

$2.29B

Total Assets

$41.96B

Equity

$20.28B

Shares Out

562.00M

Op. Cash Flow

$3.10B

Business

EMERSON ELECTRIC CO designs, manufactures and sells sophisticated industrial products and provides specialized services that integrate hardware and software for process and discrete manufacturing environments. Its main products and services include measurement and analytical instrumentation, industrial valves and equipment, process control systems, and related engineering and service offerings. The business is organized around product manufacturing, engineering/technical services, and integrated control and instrumentation solutions. Emerson markets and distributes its products and services globally, with substantial sales in both the U.S. and non‑U.S. mature and emerging markets through direct and third‑party channels.

Summary from filing dated 2025-11-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	18,016	17,492	15,165	13,804	12,932
Cost of sales	8,497	8,607	7,738	7,498	7,202
Selling, general and administrative expenses	5,103	5,142	4,186	3,614	3,494
Gain on subordinated interest	0	−79	−161	−453	0
Loss on Copeland note receivable	0	279	0	0	—
Other deductions, net	1,245	1,434	506	519	319
Interest expense, net of interest income of: 2023, $227; 2024, $148; 2025, $150	237	175	34	194	155
Earnings from continuing operations before income taxes	2,934	2,020	2,903	2,432	1,762
Income taxes	696	415	642	549	346
Earnings from continuing operations	2,238	1,605	2,261	1,883	1,416
Discontinued operations, net of tax of $2,969, $85 and $(4), respectively	8	350	10,939	1,347	911
Net earnings	2,246	1,955	13,200	3,230	2,327
Less: Noncontrolling interests in earnings of subsidiaries	−47	−13	−19	−1	24
Net income (loss) attributable to shareholders	2,293	1,968	13,219	3,231	2,303
Earnings from continuing operations	2,285	1,618	2,286	1,886	1,414
Discontinued operations	8	350	10,933	1,345	889
Earnings from continuing operations, basic (in dollars per share)	4.05	2.83	3.98	3.17	2.36
Discontinued operations, basic (in dollars per share)	0.01	0.61	19.02	2.27	1.49
Basic earnings per common share (in dollars per share)	4.06	3.44	23	5.44	3.85
Earnings from continuing operations, diluted (in dollars per share)	4.03	2.82	3.96	3.16	2.35
Discontinued operations, diluted (in dollars per share)	0.01	0.61	18.92	2.25	1.47
Diluted earnings per common share (in dollars per share)	4.04	3.43	22.88	5.41	3.82
Basic (in shares)	564	571	574	593	598
Diluted (in shares)	567	574	577	596	602

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and equivalents	1,544	3,588	8,051	1,804	2,354
Receivables, less allowances of $121 in 2024 and $123 in 2025	3,101	2,927	2,518	2,261	2,971
Inventories	2,213	2,180	2,006	1,742	2,050
Other current assets	1,725	1,497	1,244	1,301	1,057
Total current assets	8,583	10,192	13,819	8,506	8,432
Property, plant and equipment, net	2,871	2,807	2,363	2,239	3,738
Goodwill	18,193	18,067	14,480	13,946	6,967
Other intangible assets	9,458	10,436	6,263	6,572	2,877
Other	2,859	2,744	2,566	2,151	1,945
Total other assets	30,510	31,247	26,564	24,927	12,545
Total assets	41,964	44,246	42,746	35,672	24,715
Short-term borrowings and current maturities of long-term debt	4,797	532	547	2,115	872
Accounts payable	1,384	1,335	1,275	1,276	2,108
Accrued expenses	3,616	3,875	3,210	3,038	3,266
Total current liabilities	9,797	5,742	5,032	7,777	6,246
Long-term debt	8,319	7,155	7,610	8,259	5,793
Other liabilities	3,550	3,840	3,506	3,153	—
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 570.2 shares in 2024; 562.8 shares in 2025	477	477	477	477	477
Additional paid-in-capital	85	169	62	57	522
Retained earnings	40,603	40,830	40,070	28,053	26,047
Accumulated other comprehensive income (loss)	−821	−868	−1,253	−1,485	−872
Cost of common stock in treasury, 383.2 shares in 2024; 390.6 shares in 2025	−20,062	−18,972	—	—	—
Common stockholders equity	20,282	21,636	20,689	10,364	9,883
Noncontrolling interests in subsidiaries	16	5,873	5,909	5,952	40
Total equity	20,298	27,509	26,598	16,316	9,923
Total liabilities and equity	41,964	44,246	42,746	35,672	24,715

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	1,518	1,689	1,051	842	762
Stock compensation	263	260	250	125	197
Amortization of acquisition-related inventory step-up	0	231	0	0	—
Pension expense (income)	−12	−79	−71	2	28
Pension funding	−46	−38	−43	−43	−41
Changes in operating working capital	−9	−151	−148	−312	167
Other, net	−276	−400	−429	4	−71
Cash from continuing operations	3,676	3,317	2,710	2,048	2,458
Cash from discontinued operations	−578	15	−2,073	874	1,117
Cash provided by operating activities	3,098	3,332	637	2,922	3,575
Capital expenditures	−431	−419	−363	−299	−404
Purchases of businesses, net of cash and equivalents acquired	−37	−8,342	−705	−5,702	−1,592
Proceeds from subordinated interest	0	79	176	438	0
Other, net	−125	−114	−141	−138	−25
Cash from continuing operations	−593	−8,796	−115	−5,684	−1,991
Cash from discontinued operations	0	3,436	12,530	350	−129
Cash provided by (used in) investing activities	−593	−5,360	12,415	−5,334	−2,120
Net increase (decrease) in short-term borrowings	1,110	−15	−1,578	1,241	−504
Proceeds from short-term borrowings greater than three months	8,008	322	395	1,162	71
Payments of short-term borrowings greater than three months	−4,918	−327	−400	—	—
Proceeds from long-term debt	1,544	0	0	2,975	0
Payments of long-term debt	−503	−547	−741	−522	−308
Dividends paid	−1,192	−1,201	−1,198	−1,223	−1,210
Purchases of common stock	−1,167	−435	−2,000	−500	−500
AspenTech purchases of common stock	0	−208	−214	0	0
Purchase of noncontrolling interest	−7,244	0	0	—	—
Repurchase of AspenTech share awards	−76	0	0	—	—
Other, net	−72	−44	−169	80	100
Cash used in financing activities	−4,510	−2,455	−6,823	2,048	−2,422
Effect of exchange rate changes on cash and equivalents	−39	20	18	−186	6
Increase (Decrease) in cash and equivalents	−2,044	−4,463	6,247	−550	−961
Receivables	−171	−99	−191	−143	−18
Inventories	−1	122	−160	−334	−11
Other current assets	−152	−149	−1	−56	−91
Accounts payable	34	−16	−17	147	107
Accrued expenses	281	−9	221	74	180

Filings

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