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EMERSON ELECTRIC COEMR

Sector
Technology
Industry
Electronic & Other Electrical Equipment (No Computer Equip)
Exchange
NYSE

Stock Price $EMR

Latest filings

You are here#17 of 57 in Industrials by market cap

Filing record · 2016–202610-K1010-Q338-K163

EMR filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 163 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Nov ’19Nov ’19
  3. Material agreement8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $18.02B
YoY changeLargest recent move−23.0%in FY21Latest +3.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All EMR Financial Metrics61 metrics

Income Statement15

Balance Sheet28

Cash Flow13

Per Share5

02—Overview

EMERSON ELECTRIC CO Financial Overview 2021–2025

Updated Jul 10, 2026

Emerson Electric executed a staggering $14.0 billiona divestiture of its legacy Climate Technologies segment to fund an aggressive pivot into industrial software. This massive capital reallocation underscores the core investment thesis: Emerson has successfully shed its traditional conglomerate structure to become a higher-margin, pure-play global automation leader.

Due to these sweeping strategic shifts, top-line revenue actually contracted slightly over the long term, moving from $18.2 billion in FY2021 to $18.0 billionb in FY2025. However, the company's underlying profitability reveals the true success of this transformation. By integrating the $8.2 billion National Instruments purchase and the $7.2 billion consolidation of AspenTech, Emerson drastically improved its operational efficiency. Gross margins expanded to 53.5% by Q2 2025, and adjusted diluted earnings per share hit $6.00 for the full fiscal year. The company’s cash generation remains highly durable, ending FY2025 with a 12% increase in free cash flow to $3.2 billion.

The market has clearly rewarded this transition toward automation and software-defined technology. At the close of FY2025, Emerson traded at $131.18c per share with a $73.8 billion market cap. This priced the stock at a premium 32.5x earnings multiple, reflecting strong investor confidence in the company's newly streamlined, high-growth portfolio.

Recent Developments (Q1 and Q2 2026)

Emerson Electric maintained its growth trajectory through the first half of fiscal 2026, led by steady performance in its Software & Systems and Intelligent Devices segments. Net sales rose 4% to $4.3 billiond in Q1 2026, followed by a 3% increase year-over-year to $4.6 billion in Q2 2026. The company’s profitability saw significant boosts, with Q2 2026 diluted earnings per share surging 28% to $1.10, largely driven by lower acquisition and divestiture fees. On the governance and liquidity front, Emerson secured a new $2 billion unsecured credit facility and appointed Jennifer G. Newstead to its board.

Bulls will highlight the company's resilient pricing power, which drove a 3% increase in pricing during Q1 2026, alongside reaffirmed full-year adjusted EPS guidance of $6.45 to $6.55e. Conversely, bears will note that volume saw a 1% decline in Q1 2026, and the stock trades at a lofty 34.3x earnings multiple as of the May 5, 2026 reporting date, leaving little room for error.

What to watch: timing of software renewals and geopolitical impacts in the Middle East; execution of $2.2 billion in planned shareholder returns

03—Filings

Recent SEC Filings

  1. 8-KEMERSON ELECTRIC CO 8-K Report, Financial Results (Oct 13, 2026)Emerson Electric (EMR) disclosed a change in its accounting for defined benefit pension and other postretirement plans, effective for fiscal 2026. Actuarial gains and losses will now be recognized in earnings in the period they arise (mark-to-market accounting), instead of being deferred in accumulated other comprehensive income and amortized into future periods. The company will record the adjustment annually in fiscal Q4, based on the plans' September 30 measurement date. The change is applied retrospectively, and Exhibit 99.1 provides recast results for FY2024, FY2025, the nine months ended June 30, 2026, and the related quarters. The company describes this as a non-cash, non-segment item that does not affect cash flows, plan funded status, funding requirements, or benefits payable. The near-term earnings effect is small. Emerson expects a pretax mark-to-market gain of less than $5 million in fiscal Q4 2026, based on current assumptions. The nine months ended June 30, 2026 were increased by $8 million pretax ($6 million after tax, or $0.01 per diluted share). Neither amount was included in the previously announced fiscal 2026 outlook, and the filing states it does not reaffirm or update that outlook. Emerson will exclude the annual adjustment from adjusted EPS, so adjusted EBITA and adjusted EPS are largely unaffected in the recast presentation. The recast does change the historical GAAP profile: FY2025 pretax earnings from continuing operations fall $29 million to $2,905 million, while FY2024 pretax earnings rise $11 million to $2,031 million. For investors, the key takeaway is that this is primarily a reporting-methodology change with modest reported impact. Its main implication is greater period-to-period volatility in GAAP results, because the annual remeasurement will reflect discount rate moves, asset returns, and assumption changes. Investors should note that the adjustment will sit outside segment results and outside adjusted EPS, so comparability will depend on reconciling GAAP earnings to the adjusted measures. The filing is voluntary and unaudited, and it does not restate previously issued financial statements.
  2. 8-KEMERSON ELECTRIC CO 8-K Report, Financial Results (Aug 4, 2026)Emerson Electric (NYSE: EMR) reported fiscal third-quarter 2026 results for the quarter ended June 30, 2026, delivering strong top- and bottom-line growth and raising its full-year 2026 outlook. Net sales rose 7% to $4,873 million (6% underlying), underlying orders grew 7% led by Software & Systems, and GAAP EPS increased 24% to $1.28. Adjusted EPS rose 13% to $1.71, and adjusted segment EBITA margin expanded 140 bps to 28.5%. Operating cash flow of $1,425 million (up 34%) and free cash flow of $1,323 million (up 36%) were also well ahead of the prior year. Management raised its 2026 outlook, now guiding to adjusted EPS of roughly $6.55, operating cash flow of about $4.1 billion, and free cash flow of about $3.6 billion, with full-year underlying sales growth of approximate 3.5%. The quarter's GAAP results were helped by a one-time $82 million pretax benefit from IEEPA tariff refunds, which management excluded from adjusted EPS. Balance sheet activity was significant: cash rose to $2.18 billion, while short-term borrowings increased to $5.59 billion and long-term debt declined to $7.53 billion. Management is pivoting capital allocation toward shareholder returns, with the 2026 plan assuming roughly $2.2 billion returned via about $1 billion of buybacks and about $1.2 billion of dividends. The company also declared a quarterly dividend of $0.555 per share, payable September 10, 2026. Investors should note several cautionary items. Intangibles amortization and restructuring costs remain elevated, with Q3 restructuring of $99 million up from $41 million a year earlier, and Final Control restructuring rising sharply. Management also flagged an ongoing Middle East conflict as fluid, and the company continues to face currency and tariff exposure. Full-year underlying sales growth of ~3.5% is noticeably below the ~6% achieved in Q3, implying a slower Q4 at ~5% underlying, which investors should weigh against the strong quarter.
  3. 8-KEMERSON ELECTRIC CO 8-K Report, Financial Results (May 5, 2026)Emerson Electric (NYSE: EMR) reported fiscal second quarter 2026 results (quarter ended March 31, 2026) that were mixed: net sales rose 3% to $4,562 million, but underlying sales grew only 0.5% and underlying orders grew 5%. GAAP EPS increased 28% to $1.10, while adjusted EPS rose 4% to $1.54. Pretax margin expanded sharply to 17.4% from 14.2%, largely because acquisition/divestiture costs fell from $168 million to $10 million and interest and other items were reshaped, while adjusted segment EBITA margin contracted 40 basis points to 27.6%. Management attributed the sales shortfall to the Middle East conflict and described margins as exceeding expectations. The company updated its fiscal 2026 outlook, guiding to adjusted EPS of $6.45 to $6.55 (versus a prior framing not disclosed in this filing), net sales growth of about 4.5%, underlying sales growth of about 3%, and free cash flow of $3.5 to $3.6 billion. Management is pivoting capital allocation toward shareholder returns, planning roughly $2.2 billion in returns in 2026, including about $1 billion in share repurchases and $1.2 billion in dividends. The quarterly dividend was declared at $0.555 per share. Balance sheet metrics show short-term borrowings rising to $5.8 billion and long-term debt falling to $7.6 billion, and cash from operations fell 6% in the quarter, with free cash flow down 6% to $694 million. Separately, the board elected Jennifer G. Newstead, Apple's Senior Vice President and General Counsel and former Chief Legal Officer at Meta, as an independent director effective August 3, 2026, expanding the board to 11 members. She will join the Compensation and Corporate Governance and Nominating Committees and receive a pro rata RSU award valued at $95,000. For investors, the key items are the strong orders trend and margin performance against weak underlying sales, the reliance on a strong second half, and the heavier shift toward shareholder returns funded partly by short-term borrowings.
  4. 8-KEMERSON ELECTRIC CO 8-K Report, Material Agreement (Feb 13, 2026)Emerson Electric Co. (EMR) has entered into a new $2 billion 364-Day Credit Facility, dated February 10, 2026, with a syndicate of major banks, including JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., and Goldman Sachs Bank USA. This unsecured facility, which expires on February 9, 2027, replaces a similar $3 billion facility that expired. Importantly, the company currently has no outstanding loans or letters of credit under this new facility and has no immediate intention to draw on it. The facility is intended to support general corporate purposes and serve as a liquidity backstop for the company's commercial paper borrowings, indicating a proactive approach to financial flexibility.
  5. 8-KEMERSON ELECTRIC CO 8-K Report, Shareholder Vote Results (Feb 6, 2026)Emerson Electric Co. (EMR) filed an 8-K report detailing the results of its 2026 Annual Meeting of Shareholders held on February 3, 2026. The key outcomes include the overwhelming re-election of all three nominated directors and the approval of the company's executive compensation plan through a non-binding advisory vote. Additionally, shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for fiscal year 2026, indicating confidence in the company's financial oversight and reporting. However, a significant outcome was the failure of a proposal to declassify the Board of Directors. This proposal, which required an 85% supermajority vote for approval, did not meet the necessary threshold, meaning the current classified board structure will remain in place. This result suggests a divergence of opinion among shareholders on corporate governance matters, specifically regarding board structure and director tenure.
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04—See also

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