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Diversified industrial technology company making process automation, measurement and control equipment for factories and plants.
Diversified industrial technology company making process automation, measurement and control equipment for factories and plants.
Sells control systems, valves and instruments to plants as part of large capital projects, then earns repeat income from software, spare parts and service. Since 2022 it has narrowed to automation, selling a majority of its Copeland refrigeration and heating business and buying National Instruments, a test-and-measurement maker, and AspenTech, an industrial-software firm.
Moat: narrow (switching costs, installed base, IP / patents). Deeply embedded plant control systems and instrumentation are costly to replace.
Headquarters: St. Louis, Missouri, US · Founded: 1890
Size Emerson Electric (EMR) is a United States Industrials company (Electronic Equipment/Instruments) with a market value of $90.6B, the 143rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $162.35 on 6 Nov 2026.
Performance Over six months the shares gained 15.3%, against -13.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +8.1%); the operating margin is 21.1% (peer median 15.1%).
Valuation It trades at 22.3× forward earnings against a peer median of 19.6× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.2 points below its cost of capital (10.3% WACC).
Backlog Backlog (remaining performance obligations) was $9.60B at 30 Jun 2026, up 8% on a year earlier — 0.5 years of trailing revenue. Backlog detail →
Credit Emerson Electric has 13 bonds outstanding ($7.47B), rated A by the agencies and trading like AA at a weighted spread of 55 bp.
Short interest Short interest is 1.7% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $19.0B | $19.0B | $18.0B | $17.5B | $15.2B |
| Revenue growth | — | +5% | +3% | +15% | — |
| Gross profit | $9.29B | $9.24B | $8.63B | $7.80B | $6.90B |
| EBITDA | $5.48B | $5.43B | $5.04B | $4.34B | $3.77B |
| Net income | $2.69B | $2.69B | $2.29B | $1.97B | $2.15B |
| Free cash flow | $3.54B | $3.54B | $2.67B | $2.91B | $274M |
| Capital expenditure | $443M | $443M | $431M | $419M | $363M |
| Total debt | $12.2B | $12.2B | $13.8B | $8.36B | $8.71B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Rockwell Automation ROK | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EMR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -9.3% | 4th highest of 20 |
| 6-month return | +15.3% | -13.1% | 3rd highest of 19 |
| Distance from 52-week high | -5.6% | -27.1% | 3rd highest of 20 |
| Revenue growth (TTM) | +5.4% | +8.1% | 8th lowest of 20 |
| Operating margin | 21.1% | 15.1% | 2nd highest of 20 |
| Forward P/E | 22.3× | 19.6× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 16.2% | 7th most demanding of 15 |
| Growth delivered (Del g) | +0.8% | +7.2% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | +19.1 pp | +6.4 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | -0.2 pp | +2.4 pp | 6th lowest of 20 |
| EV / EBITDA | 18.4× | 17.6× | 8th most expensive of 17 |
| Net debt / EBITDA | 1.9× | 0.0× | 6th most indebted of 17 |
| Bond spread | 55 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Emerson Electric EMR | United States | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% | +0.8% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| NXT NXT | United States | $15.8B | -17% | +14% | 19% | 20.9× | 22.0% | +24.4% |
| Hitachi Energy India POWERINDIA.NS | India | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% | +19.0% |
| Posco Future M 003670.KS | South Korea | $10.6B | -36% | -9% | 2% | 282.1× | n/a | n/a |
| Ralliant RAL | United States | $7.49B | +43% | -4% | 15% | 19.2× | 20.5% | -0.3% |
| China Railway Signal & Communication 3969.HK | Hong Kong | $7.40B | -15% | +6% | 12% | 7.4× | -6.9% | -3.6% |
| ESCO Technologies ESE | United States | $7.14B | -24% | +17% | 16% | 25.8× | 25.5% | +8.4% |
| MSA Safety MSA | United States | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% | +6.8% |
| APAR Industries APARINDS.NS | India | $6.25B | +10% | +23% | 9% | 34.6× | n/a | n/a |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| Sensata Technologies ST | United States | $5.72B | -13% | +4% | 16% | 9.9× | 5.2% | +4.1% |
| Azbil 6845.T | Japan | $4.63B | -2% | +1% | 15% | 18.7× | 5.5% | +3.9% |
| Honeywell Automation India HONAUT.NS | India | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% | +9.2% |
| Standex International SXI | United States | $2.76B | -13% | +8% | 18% | 20.9× | 15.2% | +6.3% |
| Shihlin Electric & Engineering 1503.TW | Taiwan | $2.51B | -20% | +8% | 12% | 18.9× | 11.5% | +7.7% |
| Genus Power Infrastructures GENUSPOWER.NS | India | $922M | -14% | +74% | 18% | 12.2× | n/a | n/a |
| Spectrum Electrical Industries SPECTRUM.NS | India | $800M | +262% | +104% | 13% | n/a | n/a | n/a |
| FuelCell Energy FCEL | United States | $796M | -27% | +1% | -88% | n/a | n/a | n/a |
| Tempsens Instruments (India) TEMPSENS.NS | India | $464M | n/a | +18% | 20% | n/a | 46.7% | +23.4% |
Emerson Electric has 13 bonds outstanding with $7.47B face value. The agencies rate it A; its bonds trade like AA. Weighted yield 4.96%, a spread of 55 bp over government bonds.
Emerson Electric reported $9.60B of remaining performance obligations at 30 Jun 2026, up 8% from a year earlier and up 1% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.02.