Emerson Electric Co (EMR) financial statements: income statement, balance sheet and cash flow

Emerson Electric Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Emerson Electric Co reported revenue of $18.0B (+3.0% year on year) and net income of $2.3B (+16.5% year on year).

Income statement

Emerson Electric Co income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net sales	$18.0B	$17.5B	$15.2B	$19.6B
Cost of sales	$8.5B	$8.6B	$7.7B	$11.4B
Selling, general and administrative expenses	$5.1B	$5.1B	$4.2B	$4.2B
Gain on subordinated interest	$0	($79.0M)	($161.0M)	($453.0M)
Loss on Copeland note receivable	$0	$279.0M	—	—
Other deductions, net	$1.2B	$1.4B	$683.0M	$601.0M
Interest expense, net of interest income of: 2023, $227; 2024, $148; 2025, $150	$237.0M	$175.0M	$34.0M	$193.0M
Interest income from related party	$0	($86.0M)	($41.0M)	—
Earnings from continuing operations before income taxes	$2.9B	$2.0B	$2.7B	$4.1B
Income taxes	$696.0M	$415.0M	$599.0M	$855.0M
Earnings from continuing operations	$2.2B	$1.6B	$2.1B	—
Discontinued operations, net of tax of $2,969, $85 and $(4), respectively	$8.0M	$350.0M	$11.1B	—
Net earnings	$2.2B	$2.0B	$13.2B	$3.2B
Less: Noncontrolling interests in earnings of subsidiaries	($47.0M)	($13.0M)	($19.0M)	($1.0M)
Net income (loss) attributable to shareholders	$2.3B	$2.0B	$13.2B	$3.2B
Earnings from continuing operations	$2.3B	$1.6B	$2.2B	—
Discontinued operations	$8.0M	$350.0M	$11.1B	—
Earnings from continuing operations, basic (in dollars per share)	$4.05	$2.83	$3.74	—
Discontinued operations, basic (in dollars per share)	$0.01	$0.61	$19.26	—
Basic earnings per common share (in dollars per share)	$4.06	$3.44	$23.00	$5.44
Earnings from continuing operations, diluted (in dollars per share)	$4.03	$2.82	$3.72	—
Discontinued operations, diluted (in dollars per share)	$0.01	$0.61	$19.16	—
Diluted earnings per common share (in dollars per share)	$4.04	$3.43	$22.88	$5.41
Basic (in shares)	564.0M	571.3M	574.2M	592.9M
Diluted (in shares)	566.7M	574.0M	577.3M	596.3M

Emerson Electric Co income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Net sales	$4.9B	$4.6B	$4.3B	$4.6B
Cost of sales	$2.2B	$2.1B	$2.0B	$2.2B
Selling, general and administrative expenses	$1.3B	$1.3B	$1.2B	$1.3B
Other deductions, net	$311.0M	$229.0M	$204.0M	$298.0M
Interest expense (net of interest income of $31, $25, $120 and $77, respectively)	$85.0M	$84.0M	$90.0M	$95.0M
Earnings from continuing operations before income taxes	$916.0M	$793.0M	$775.0M	$734.0M
Income taxes	$198.0M	$175.0M	$169.0M	$154.0M
Earnings from discontinued operations, net of tax	$0	—	—	$6.0M
Net earnings	$718.0M	$618.0M	$606.0M	$586.0M
Less: Noncontrolling interests in subsidiaries	$0	$0	$1.0M	$0
Net earnings common stockholders	$718.0M	$618.0M	$605.0M	$586.0M
Earnings from continuing operations	$718.0M	—	—	$580.0M
Discontinued operations	$0	—	—	$6.0M
Earnings from continuing operations, basic (in dollars per share)	$1.28	$1.10	—	$1.03
Discontinued operations, basic (in dollars per share)	$0.00	—	—	$0.01
Basic earnings per common share (in dollars per share)	$1.28	—	$1.08	$1.04
Earnings from continuing operations, diluted (in dollars per share)	$1.28	$1.10	—	$1.03
Discontinued operations, diluted (in dollars per share)	$0.00	—	—	$0.01
Diluted earnings per common share (in dollars per share)	$1.28	—	$1.07	$1.04
Basic (in shares)	558.8M	560.8M	561.8M	562.1M
Diluted (in shares)	561.1M	563.0M	564.1M	564.7M

Balance sheet

Emerson Electric Co balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Cash and equivalents	$1.5B	$3.6B	$8.1B	$1.8B
Receivables, less allowances of $121 in 2024 and $123 in 2025	$3.1B	$2.9B	$2.5B	$3.0B
Inventories	$2.2B	$2.2B	$2.0B	$2.2B
Other current assets	$1.7B	$1.5B	$1.2B	$1.5B
Total current assets	$8.6B	$10.2B	$13.8B	$8.5B
Property, plant and equipment, net	$2.9B	$2.8B	$2.4B	$3.4B
Goodwill	$18.2B	$18.1B	$14.5B	$14.7B
Other intangible assets	$9.5B	$10.4B	$6.3B	$6.7B
Other	$2.9B	$2.7B	$2.6B	$2.4B
Total other assets	$30.5B	$31.2B	$26.6B	$23.8B
Total assets	$42.0B	$44.2B	$42.7B	$35.7B
Short-term borrowings and current maturities of long-term debt	$4.8B	$532.0M	$547.0M	$2.1B
Accounts payable	$1.4B	$1.3B	$1.3B	$2.0B
Accrued expenses	$3.6B	$3.9B	$3.2B	$3.6B
Total current liabilities	$9.8B	$5.7B	$5.0B	$7.8B
Long-term debt	$8.3B	$7.2B	$7.6B	$8.3B
Other liabilities	$3.5B	$3.8B	$3.5B	$3.3B
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	477.0M	477.0M	477.0M	477.0M
Additional paid-in-capital	$85.0M	$169.0M	$62.0M	$57.0M
Retained earnings	$40.6B	$40.8B	$40.1B	$28.1B
Accumulated other comprehensive income (loss)	($821.0M)	($868.0M)	($1.3B)	($1.5B)
Cost of common stock in treasury, 383.2 shares in 2024; 390.6 shares in 2025	-20.1B	—	—	—
Common stockholders’ equity	$20.3B	$21.6B	$20.7B	$10.4B
Noncontrolling interests in subsidiaries	$16.0M	$5.9B	$5.9B	$6.0B
Total equity	$20.3B	$27.5B	$26.6B	$16.3B
Total liabilities and equity	$42.0B	$44.2B	$42.7B	$35.7B

Emerson Electric Co balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Cash and equivalents	$2.2B	$1.8B	$1.7B	$2.2B
Receivables, less allowances of $123 and $130, respectively	$3.1B	$3.2B	$3.0B	$2.9B
Inventories	$2.5B	$2.5B	$2.4B	$2.3B
Other current assets	$1.9B	$1.9B	$1.8B	$1.7B
Total current assets	$9.7B	$9.3B	$8.8B	$9.1B
Property, plant and equipment, net	$2.9B	$2.9B	$2.9B	$2.8B
Goodwill	$18.1B	$18.2B	$18.2B	$18.2B
Other intangible assets	$8.7B	$9.0B	$9.2B	$9.7B
Other	$2.9B	$2.9B	$2.8B	$2.8B
Total other assets	$29.7B	$30.0B	$30.2B	$30.7B
Total assets	$42.2B	$42.1B	$41.9B	$42.5B
Short-term borrowings and current maturities of long-term debt	$5.6B	$5.8B	$5.8B	$6.0B
Accounts payable	$1.6B	$1.5B	$1.3B	$1.3B
Accrued expenses	$3.6B	$3.4B	$3.3B	$3.5B
Total current liabilities	$10.8B	$10.7B	$10.5B	$10.7B
Long-term debt	$7.5B	$7.6B	$7.6B	$8.3B
Other liabilities	$3.5B	$3.6B	$3.6B	$3.6B
Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 562.8 shares and 557.8 shares, respectively	477.0M	477.0M	477.0M	477.0M
Additional paid-in-capital	$111.0M	$64.0M	$16.0M	$28.0M
Retained earnings	$41.6B	$41.2B	$40.9B	$40.3B
Accumulated other comprehensive income (loss)	($895.0M)	($861.0M)	($828.0M)	($850.0M)
Cost of common stock in treasury, 390.6 shares and 395.6 shares, respectively	-20.9B	-20.6B	-20.3B	-20.1B
Common stockholders’ equity	$20.4B	$20.3B	$20.3B	$19.9B
Noncontrolling interests in subsidiaries	$15.0M	$16.0M	$15.0M	$16.0M
Total equity	$20.4B	$20.3B	$20.3B	$19.9B
Total liabilities and equity	$42.2B	$42.1B	$41.9B	$42.5B

Cash flow statement

Emerson Electric Co cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net earnings	$2.2B	$2.0B	$13.2B	$3.2B
Earnings from discontinued operations, net of tax	($8.0M)	($350.0M)	($11.1B)	—
Depreciation and amortization	$1.5B	$1.7B	$1.1B	$1.0B
Stock compensation	$263.0M	$260.0M	$250.0M	$144.0M
Amortization of acquisition-related inventory step-up	$0	$231.0M	—	—
Pension expense (income)	($12.0M)	($79.0M)	($71.0M)	—
Pension funding	($46.0M)	($38.0M)	($43.0M)	($43.0M)
Gain on subordinated interest	$0	($79.0M)	($161.0M)	($453.0M)
Loss on Copeland note receivable	$0	$279.0M	—	—
Other, net	($276.0M)	($400.0M)	($237.0M)	$4.0M
Cash from continuing operations	$3.7B	$3.3B	$2.7B	—
Cash from discontinued operations	($578.0M)	$15.0M	($2.1B)	—
Cash provided by operating activities	$3.1B	$3.3B	$637.0M	$2.9B
Capital expenditures	($431.0M)	($419.0M)	($363.0M)	($531.0M)
Purchases of businesses, net of cash and equivalents acquired	($37.0M)	($8.3B)	($705.0M)	($5.7B)
Proceeds from subordinated interest	$0	$79.0M	$176.0M	$438.0M
Proceeds from related party note receivable	$0	$0	$918.0M	—
Other, net	($125.0M)	($114.0M)	($141.0M)	($140.0M)
Cash from continuing operations	($593.0M)	($8.8B)	($115.0M)	—
Cash from discontinued operations	$0	$3.4B	$12.5B	—
Cash provided by (used in) investing activities	($593.0M)	($5.4B)	$12.4B	($5.3B)
Net increase (decrease) in short-term borrowings	$1.1B	($15.0M)	($1.6B)	$1.2B
Proceeds from short-term borrowings greater than three months	$8.0B	$322.0M	$395.0M	$1.2B
Payments of short-term borrowings greater than three months	($4.9B)	($327.0M)	($400.0M)	($1.2B)
Proceeds from long-term debt	$1.5B	$0	$0	$3.0B
Payments of long-term debt	($503.0M)	($547.0M)	($741.0M)	($522.0M)
Dividends paid	($1.2B)	($1.2B)	($1.2B)	($1.2B)
Purchases of common stock	($1.2B)	($435.0M)	($2.0B)	($500.0M)
AspenTech purchases of common stock	$0	($208.0M)	($214.0M)	—
Payment of related party note payable	$0	$0	($918.0M)	—
Purchase of noncontrolling interest	($7.2B)	—	—	—
Repurchase of AspenTech share awards	($76.0M)	—	—	—
Other, net	($72.0M)	($44.0M)	($169.0M)	$80.0M
Cash used in financing activities	($4.5B)	($2.5B)	($6.8B)	$2.0B
Effect of exchange rate changes on cash and equivalents	($39.0M)	$20.0M	$18.0M	($186.0M)
Increase (Decrease) in cash and equivalents	($2.0B)	($4.5B)	$6.2B	($550.0M)
Beginning cash and equivalents	$3.6B	$8.1B	$1.8B	$2.4B
Ending cash and equivalents	$1.5B	$3.6B	$8.1B	—
Receivables	($171.0M)	($99.0M)	($191.0M)	($214.0M)
Inventories	($1.0M)	$122.0M	($160.0M)	($469.0M)
Other current assets	($152.0M)	($149.0M)	($1.0M)	($65.0M)
Accounts payable	$34.0M	($16.0M)	($17.0M)	$122.0M
Accrued expenses	$281.0M	($9.0M)	$179.0M	$111.0M
Changes in operating working capital	($9.0M)	($151.0M)	($190.0M)	($515.0M)

Emerson Electric Co cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net earnings	$1.9B	$1.2B	$606.0M	$1.6B
Earnings from discontinued operations, net of tax	$0	—	—	($7.0M)
Depreciation and amortization	$1.1B	$728.0M	$359.0M	$1.1B
Stock compensation	$181.0M	$113.0M	$55.0M	$198.0M
Changes in operating working capital	($320.0M)	($613.0M)	($357.0M)	($80.0M)
Other, net	($6.0M)	$26.0M	$36.0M	($195.0M)
Cash from continuing operations	$2.9B	$1.5B	—	$2.7B
Cash from discontinued operations	$0	$0	—	($576.0M)
Cash provided by operating activities	$2.9B	$1.5B	$699.0M	$2.1B
Capital expenditures	($284.0M)	($182.0M)	($97.0M)	($263.0M)
Purchases of businesses, net of cash and equivalents acquired	$0	$0	$0	($36.0M)
Other, net	($38.0M)	($24.0M)	($28.0M)	($94.0M)
Cash used in investing activities	($322.0M)	($206.0M)	($125.0M)	($393.0M)
Net increase in short-term borrowings	$1.4B	$2.0B	($485.0M)	$1.4B
Proceeds from short-term borrowings greater than three months	$6.2B	$4.4B	$3.5B	$5.3B
Payments on short-term borrowings greater than three months	($7.0B)	($5.6B)	($2.1B)	($1.3B)
Proceeds from long-term debt	$0	$0	—	$1.5B
Payments of long-term debt	($588.0M)	($587.0M)	($587.0M)	($503.0M)
Dividends paid	($935.0M)	($624.0M)	($312.0M)	($895.0M)
Purchases of common stock	($898.0M)	($542.0M)	($250.0M)	($1.1B)
Purchase of noncontrolling interest	$0	$0	—	($7.2B)
Settlement of AspenTech share awards	$0	$0	—	($76.0M)
Other, net	($134.0M)	($123.0M)	($104.0M)	($60.0M)
Cash used in financing activities	($1.9B)	($1.0B)	($364.0M)	($3.0B)
Effect of exchange rate changes on cash and equivalents	($24.0M)	($12.0M)	($6.0M)	($45.0M)
Increase (decrease) in cash and equivalents	$636.0M	$247.0M	$204.0M	($1.4B)
Beginning cash and equivalents	$1.5B	$1.5B	$1.5B	$3.6B
Ending cash and equivalents	$2.2B	$1.8B	$1.7B	$2.2B
Receivables	$20.0M	($75.0M)	$119.0M	$19.0M
Inventories	($311.0M)	($251.0M)	($141.0M)	($91.0M)
Other current assets	($194.0M)	($126.0M)	($52.0M)	($113.0M)
Accounts payable	$221.0M	$86.0M	($33.0M)	($62.0M)
Accrued expenses	($56.0M)	($247.0M)	($250.0M)	$167.0M
Total changes in operating working capital	($320.0M)	($613.0M)	($357.0M)	—

Emerson Electric Co score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.