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Maker of industrial automation and control systems — PLCs, sensors, software — for factories worldwide.
Maker of industrial automation and control systems — PLCs, sensors, software — for factories worldwide.
Sells its Allen-Bradley controllers and drives mainly through industrial distributors, with software and services layered on top; once a plant standardises on its controllers, it keeps buying upgrades and spares. It was spun out of Rockwell International in 2001.
Moat: narrow (switching costs, installed base, brand). Deeply embedded control systems on factory floors are costly and risky to rip out.
Headquarters: Milwaukee, Wisconsin, US · Founded: 1903 · Employees: 26,000
Size Rockwell Automation (ROK) is a United States Industrials company (Electrical Products) with a market value of $41.7B, the 289th largest of 3,117 United States companies the cockpit tracks. Shares closed at $375.86 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -26.2% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +16.4%); the operating margin is 14.4% (peer median 11.2%).
Valuation It trades at 25.0× forward earnings against a peer median of 21.2× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +22 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 3.6 points above its cost of capital (11.8% WACC).
Backlog Backlog (remaining performance obligations) was $1.38B at 30 Jun 2026, down 2% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Credit Rockwell Automation has 6 bonds outstanding ($2.40B), rated A- by the agencies and trading like AA at a weighted spread of 47 bp.
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.97B | $8.34B | $8.26B | $9.05B | $7.76B |
| Revenue growth | — | +1% | -9% | +17% | — |
| Gross profit | $4.41B | $4.02B | $3.85B | $4.21B | $3.52B |
| EBITDA | $1.62B | $1.75B | $1.59B | $1.90B | $1.55B |
| Net income | $1.20B | $867M | $948M | $1.38B | $929M |
| Free cash flow | $1.50B | $1.36B | $639M | $1.21B | $682M |
| Capital expenditure | $228M | $186M | $225M | $160M | $141M |
| Total debt | $3.61B | $3.65B | $4.08B | $3.33B | $4.18B |
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 |
|---|---|---|---|---|---|---|
| Rockwell Automation ROK | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| 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 | ROK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.4% | -8.6% | 10th lowest of 21 |
| 6-month return | -16.9% | -26.2% | 8th highest of 21 |
| Distance from 52-week high | -24.4% | -35.5% | 7th highest of 21 |
| Revenue growth (TTM) | +11.3% | +16.4% | 7th lowest of 21 |
| Operating margin | 14.4% | 11.2% | 8th highest of 21 |
| Forward P/E | 25.0× | 21.2× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 27.2% | 14.4% | 4th most demanding of 17 |
| Growth delivered (Del g) | +5.7% | +12.3% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | +21.5 pp | +5.1 pp | 3rd most demanding of 17 |
| ROIC minus cost of capital | +3.6 pp | +4.4 pp | 9th lowest of 21 |
| EV / EBITDA | 27.7× | 16.6× | 3rd most expensive of 11 |
| Net debt / EBITDA | 1.9× | -0.5× | 3rd most indebted of 11 |
| Bond spread | 47 bp | 96 bp | tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% | +5.7% |
| Prysmian PRY.MI | Italy | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% | +14.4% |
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% | +10.3% |
| Fujikura 5803.T | Japan | $33.0B | -50% | +28% | 19% | 14.3× | 28.9% | +12.9% |
| Vestas Wind Systems A/S VWS.CO | Denmark | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% | +4.9% |
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | n/a | n/a | n/a |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% | +7.1% |
| NARI Technology 600406.SS | China | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% | +11.4% |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% | +6.1% |
| Samsung Sdi 006400.KS | South Korea | $26.8B | -33% | +21% | 0% | 45.9× | n/a | n/a |
| Shengyi Technology 600183.SS | China | $25.7B | -8% | +56% | 22% | 20.3× | 20.5% | +14.1% |
| Sungrow Power Supply 300274.SZ | China | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% | +35.8% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| BYD 002594.SZ | China | $96.6B | -17% | -4% | 4% | 21.2× | n/a | n/a |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Siemens Energy ENR.DE | Germany | $111B | -33% | +9% | 9% | 26.4× | 17.3% | +7.3% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
Rockwell Automation has 6 bonds outstanding with $2.40B face value. The agencies rate it A-; its bonds trade like AA. Weighted yield 5.28%, a spread of 47 bp over government bonds.
Rockwell Automation reported $1.38B of remaining performance obligations at 30 Jun 2026, down 2% from a year earlier and up 1% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.