Emerson Electric (EMR) financial statements
Emerson Electric reported revenue of $18.0B in fiscal 2025, up 2.4% a year over 9 years.
Net income was $2.3B.
Free cash flow was $2.7B, and the company returned $1.2B in dividends and $1.2B in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Emerson Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.5B | $15.3B | $17.4B | $18.4B | $16.8B | $12.9B | $13.8B | $15.2B | $17.5B | $18.0B |
| Cost of revenue | $8.3B | $8.8B | $10.0B | $10.6B | $9.8B | $7.2B | $7.5B | $7.7B | $8.6B | $8.5B |
| Gross profit | $6.3B | $6.4B | $7.4B | $7.8B | $7.0B | $7.6B | $6.3B | $7.4B | $8.9B | $9.5B |
| Research and development | $320M | $340M | $436M | $454M | $439M | $347M | $385M | $523M | $781M | $771M |
| Selling, general and admin | $3.5B | $3.6B | $4.3B | $4.5B | $4.0B | $3.5B | $3.6B | $4.2B | $5.1B | $5.1B |
| Interest expense | — | — | — | — | — | $147M | — | — | — | — |
| Pre-tax income | $2.3B | $2.3B | $2.7B | $2.9B | $2.3B | $1.8B | $2.4B | $2.9B | $2.0B | $2.9B |
| Income tax | $697M | $660M | $443M | $531M | $345M | $346M | $549M | $642M | $415M | $696M |
| Net income | $1.6B | $1.5B | $2.2B | $2.3B | $2.0B | $2.3B | $3.2B | $13.2B | $2.0B | $2.3B |
| EPS (diluted) | $2.52 | $2.35 | $3.46 | $3.71 | $3.24 | $3.82 | $5.41 | $22.88 | $3.43 | $4.04 |
| Diluted shares | 647M | 643M | 635M | 621M | 607M | 602M | 596M | 577M | 574M | 567M |
| Gross margin | 43.1% | 42.0% | 42.7% | 42.5% | 41.8% | 58.5% | 45.7% | 49.0% | 50.8% | 52.8% |
| Net margin | 11.3% | 9.9% | 12.7% | 12.6% | 11.7% | 17.8% | 23.4% | 87.2% | 11.3% | 12.7% |
Balance sheet
Fiscal years, from Emerson Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.3B | $3.1B | $1.1B | $1.5B | $3.3B | $2.4B | $1.8B | $8.1B | $3.6B | $1.5B |
| Receivables | $2.7B | $3.1B | $3.0B | $3.0B | $2.8B | $3.0B | $2.3B | $2.5B | $2.9B | $3.1B |
| Inventory | $1.2B | $1.7B | $1.8B | $1.9B | $1.9B | $2.0B | $1.7B | $2.0B | $2.2B | $2.2B |
| Total current assets | $10.0B | $8.3B | $6.6B | $7.1B | $8.8B | $8.4B | $8.5B | $13.8B | $10.2B | $8.6B |
| Property, plant and equipment | $2.9B | $3.3B | $3.6B | $3.6B | $3.7B | $3.7B | $2.2B | $2.4B | $2.8B | $2.9B |
| Goodwill | $3.9B | $5.3B | $6.5B | $6.5B | $6.7B | $7.0B | $13.9B | $14.5B | $18.1B | $18.2B |
| Total assets | $21.7B | $19.6B | $20.4B | $20.5B | $22.9B | $24.7B | $35.7B | $42.7B | $44.2B | $42.0B |
| Total current liabilities | $8.0B | $5.0B | $6.2B | $6.0B | $5.8B | $6.2B | $7.8B | $5.0B | $5.7B | $9.8B |
| Long-term debt | $4.1B | $3.8B | $3.1B | $4.3B | $6.3B | $5.8B | $8.3B | $7.6B | $7.2B | $8.3B |
| Total liabilities | $14.1B | $10.8B | $11.4B | $12.2B | $14.4B | $14.8B | $19.4B | $16.1B | $16.7B | $21.7B |
| Shareholders' equity | $7.6B | $8.7B | $8.9B | $8.2B | $8.4B | $9.9B | $10.4B | $20.7B | $21.6B | $20.3B |
| Net debt | $3.5B | $1.6B | $3.7B | $4.2B | $4.2B | $4.3B | $8.6B | $106M | $4.1B | $11.6B |
Cash flow
Fiscal years, from Emerson Electric's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.9B | $1.9B | $2.9B | $3.0B | $3.1B | $3.6B | $2.9B | $637M | $3.3B | $3.1B |
| Capital spending | $447M | $476M | $617M | $594M | $538M | $404M | $299M | $363M | $419M | $431M |
| Free cash flow | $2.4B | $1.4B | $2.3B | $2.4B | $2.5B | $3.2B | $2.6B | $274M | $2.9B | $2.7B |
| Stock-based compensation | $145M | $110M | $216M | $120M | $110M | $197M | $125M | $250M | $260M | $263M |
| Dividends paid | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Share buybacks (net) | -$601M | -$400M | -$1.0B | -$1.2B | -$942M | -$500M | -$500M | -$2.0B | -$435M | -$1.2B |
| Net borrowing | -$254M | -$254M | -$241M | $1.0B | $1.7B | -$308M | $2.5B | -$741M | -$547M | $1.0B |
| Free cash flow margin | 16.8% | 9.4% | 13.1% | 13.1% | 15.2% | 24.5% | 19.0% | 1.8% | 16.7% | 14.8% |
| Dividends per share | $1.90 | $1.93 | $1.93 | $1.95 | $1.99 | $2.01 | $2.05 | $2.08 | $2.09 | $2.10 |
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Open EMR in InvestinglyQuestions
What was Emerson Electric's revenue in 2025?
$18.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Emerson Electric generate?
$2.7B in fiscal 2025 (operating cash flow minus capital spending).
From Emerson Electric's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.