financial statements

The full income statement, balance sheet, and cash-flow statement for Emerson Electric Company (EMR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofDec 31 ’22	as ofSep 30 ’22	as ofSep 30 ’21
Revenue	18.0B YoY+3.0%	17.5B YoY+15.3%	15.2B YoY+813.6%	1.66B YoY-88.0%	13.8B YoY+6.7%	12.9B YoY-23.0%
	9.52B YoY+7.1%	8.88B YoY+19.6%	7.43B	—	6.31B YoY-16.6%	7.56B YoY+7.9%
Cost of revenue	8.50B YoY-1.3%	8.61B YoY+11.2%	7.74B	—	7.50B YoY+4.1%	7.20B YoY-26.3%
Research & development	771M YoY-1.3%	781M YoY+49.3%	523M	—	385M YoY+11.0%	347M YoY-21.0%
Selling, general & administrative	5.10B YoY-0.8%	5.14B YoY+22.8%	4.19B	—	3.61B YoY+3.4%	3.49B YoY-12.3%
Restructuring	136M YoY-40.4%	228M YoY+216.7%	72.0M	—	75.0M YoY-43.2%	132M YoY-53.5%
Amortization of intangibles	1.17B YoY-14.1%	1.37B YoY+78.8%	764M	—	530M YoY+22.7%	432M YoY+17.1%
Interest expense	—	—	—	—	—	147M
Interest & investment income	150M YoY+1.4%	148M YoY-34.8%	227M	—	34.0M YoY+240.0%	10.0M YoY-47.4%
Other non-operating income	81.0M YoY+12.5%	72.0M YoY-50.3%	145M	—	100M YoY+40.8%	71.0M YoY+491.7%
Equity-method income	—	—	-177M	—	0.00	0.00
Pre-tax income	2.93B YoY+45.2%	2.02B YoY-30.4%	2.90B	—	2.43B YoY+38.0%	1.76B YoY-24.5%
Income tax	696M YoY+67.7%	415M YoY-35.4%	642M	—	549M YoY+58.7%	346M YoY+0.3%
	2.29B YoY+16.5%	1.97B YoY-85.1%	13.2B	—	3.23B YoY+40.3%	2.30B YoY+17.2%
Income from continuing operations	2.29B YoY+41.2%	1.62B YoY-29.2%	2.29B	—	1.89B YoY+33.4%	1.41B
Net income to non-controlling interest	-47.0M YoY-261.5%	-13.0M YoY+31.6%	-19.0M	—	-1.00M YoY-104.2%	24.0M YoY-4.0%
	$4.04 YoY+17.8%	$3.43 YoY-85.0%	$22.88	—	$5.41 YoY+41.6%	$3.82 YoY+17.9%
EPS (basic)	$4.06 YoY+18.0%	$3.44 YoY-85.0%	$23.00	—	$5.44 YoY+41.3%	$3.85 YoY+18.1%
Weighted-avg shares (basic)	564M YoY-1.3%	571M YoY-0.5%	574M	—	593M YoY-0.9%	598M YoY-0.8%
Weighted-avg shares (diluted)	567M YoY-1.3%	574M YoY-0.6%	577M	—	596M YoY-0.9%	602M YoY-0.8%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofDec 31 ’22	as ofSep 30 ’22	as ofSep 30 ’21
	8.58B YoY-15.8%	10.2B YoY-26.2%	13.8B YoY+53.5%	9.00B YoY+5.8%	8.51B YoY+0.9%	8.43B YoY-4.2%
Cash & equivalents	1.54B YoY-57.0%	3.59B YoY-55.4%	8.05B YoY+254.5%	2.27B YoY+25.9%	1.80B YoY-23.4%	2.35B YoY-29.0%
Short-term investments	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%	99.0M YoY+0.0%
Accounts receivable	3.10B YoY+5.9%	2.93B YoY+16.2%	2.52B YoY+12.9%	2.23B YoY-1.3%	2.26B YoY-23.9%	2.97B YoY+6.0%
Inventory	2.21B YoY+1.5%	2.18B YoY+8.7%	2.01B YoY+0.4%	2.00B YoY+14.8%	1.74B YoY-15.0%	2.05B YoY+6.3%
Other current assets	1.73B YoY+15.2%	1.50B YoY+20.3%	1.24B YoY-3.6%	1.29B YoY-0.8%	1.30B YoY+23.1%	1.06B YoY+38.9%
	42.0B YoY-5.2%	44.2B YoY+3.5%	42.7B YoY+17.9%	36.2B YoY+1.6%	35.7B YoY+44.3%	24.7B YoY+8.0%
Property, plant & equipment	2.87B YoY+2.3%	2.81B YoY+18.8%	2.36B YoY+4.4%	2.26B YoY+1.1%	2.24B YoY-40.1%	3.74B YoY+1.4%
Operating lease right-of-use	637M YoY-7.9%	692M YoY+25.8%	550M YoY+26.7%	434M YoY-1.1%	439M YoY-21.3%	558M YoY+9.8%
Goodwill	18.2B YoY+0.7%	18.1B YoY+24.8%	14.5B YoY+2.8%	14.1B YoY+1.0%	13.9B YoY+100.2%	6.97B YoY+3.5%
Intangible assets	9.46B YoY-9.4%	10.4B YoY+66.6%	6.26B YoY-3.0%	6.46B YoY-1.7%	6.57B YoY+128.4%	2.88B YoY+16.6%
Other non-current assets	2.86B YoY+4.2%	2.74B YoY+6.9%	2.57B YoY+13.1%	2.27B YoY+5.4%	2.15B YoY+10.6%	1.95B YoY+64.0%
	9.80B YoY+70.6%	5.74B YoY+14.1%	5.03B YoY-38.3%	8.16B YoY+4.9%	7.78B YoY+24.5%	6.25B YoY+8.0%
Accounts payable	1.38B YoY+3.7%	1.33B YoY+4.7%	1.27B YoY+4.6%	1.22B YoY-4.5%	1.28B YoY-39.5%	2.11B YoY+22.9%
Accrued liabilities	3.62B YoY-6.7%	3.88B YoY+20.7%	3.21B YoY-18.7%	3.95B YoY+30.0%	3.04B YoY-7.0%	3.27B YoY+12.2%
Deferred revenue	1.03B YoY-1.2%	1.04B YoY+21.1%	861M YoY-4.4%	901M YoY+20.0%	751M YoY+2.9%	730M
Short-term & current debt	605M YoY+13.7%	532M YoY-2.6%	546M YoY-69.5%	1.79B YoY+247.3%	516M YoY-4.1%	538M YoY+67.1%
Current lease liability	138M YoY-12.7%	158M YoY+9.7%	144M YoY+9.9%	131M YoY+2.3%	128M YoY-17.4%	155M YoY+4.7%
Long-term debt	8.32B YoY+16.3%	7.16B YoY-6.0%	7.61B YoY-6.7%	8.16B YoY-1.2%	8.26B YoY+42.6%	5.79B YoY-8.4%
Non-current lease liability	505M YoY-1.2%	511M YoY+26.5%	404M YoY+32.0%	306M YoY-1.9%	312M YoY-24.5%	413M YoY+10.7%
Deferred tax liabilities	329M YoY+0.0%	329M YoY+0.0%	329M YoY+0.0%	329M YoY+0.0%	329M YoY+0.0%	329M YoY+0.0%
Other non-current liabilities	3.55B YoY-7.6%	3.84B YoY+9.5%	3.51B YoY+14.7%	3.06B YoY-3.0%	3.15B YoY+467.1%	556M YoY+0.0%
	20.3B YoY-6.3%	21.6B YoY+4.6%	20.7B YoY+92.9%	10.7B YoY+3.5%	10.4B YoY+4.9%	9.88B YoY+17.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00
Common stock	477M YoY+0.0%	477M YoY+0.0%	477M YoY+0.0%	477M YoY+0.0%	477M YoY+0.0%	477M YoY+0.0%
Additional paid-in capital	85.0M YoY-49.7%	169M YoY+172.6%	62.0M YoY-44.6%	112M YoY+96.5%	57.0M YoY-89.1%	522M YoY+11.1%
Retained earnings	40.6B YoY-0.6%	40.8B YoY+1.9%	40.1B YoY+33.2%	30.1B YoY+7.2%	28.1B YoY+7.7%	26.0B YoY+4.4%
Treasury stock	20.1B YoY+5.7%	19.0B YoY+1.6%	18.7B YoY-0.1%	18.7B YoY+11.6%	16.7B YoY+2.7%	16.3B YoY+2.3%
Accumulated other comprehensive income	-821M YoY+5.4%	-868M YoY+30.7%	-1.25B YoY+0.2%	-1.25B YoY+15.5%	-1.49B YoY-70.3%	-872M YoY+44.7%
Non-controlling interest	16.0M YoY-99.7%	5.87B YoY-0.6%	5.91B YoY-1.3%	5.99B YoY+0.6%	5.95B YoY+14780.0%	40.0M YoY-4.8%
Total equity incl. non-controlling	20.3B YoY-26.2%	27.5B YoY+3.4%	26.6B YoY+59.1%	16.7B YoY+2.4%	16.3B YoY+64.4%	9.92B YoY+17.5%
Total liabilities & equity	42.0B YoY-5.2%	44.2B YoY+3.5%	42.7B YoY+17.9%	36.2B YoY+1.6%	35.7B YoY+44.3%	24.7B YoY+8.0%
Common shares issued	953M YoY+0.0%	953M YoY+0.0%	953M YoY+0.0%	953M YoY+0.0%	953M YoY+0.0%	953M YoY+0.0%
Common shares outstanding	563M YoY-1.3%	570M YoY-0.3%	572M YoY+0.1%	571M YoY-3.4%	591M YoY-0.7%	596M YoY-0.4%
Shares outstanding (cover)	563M YoY-1.7%	573M YoY+0.2%	572M YoY+0.0%	571M YoY-3.4%	591M YoY-1.1%	598M YoY+0.0%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofDec 31 ’22	as ofSep 30 ’22	as ofSep 30 ’21
	3.10B YoY-7.0%	3.33B YoY+423.1%	637M	—	2.92B YoY-18.3%	3.58B YoY+16.0%
Depreciation & amortization	1.52B YoY-10.1%	1.69B YoY+60.7%	1.05B	—	842M YoY+10.5%	762M YoY-10.8%
Share-based compensation	263M YoY+1.2%	260M YoY+4.0%	250M	—	125M YoY-36.5%	197M YoY+79.1%
Change in inventory	1.00M YoY+100.8%	-122M YoY-176.3%	160M	—	334M YoY+2936.4%	11.0M YoY+83.3%
Change in payables	34.0M YoY+312.5%	-16.0M YoY+5.9%	-17.0M	—	147M YoY+37.4%	107M YoY+154.6%
Other operating activities	-276M YoY+31.0%	-400M YoY+6.8%	-429M	—	4.00M YoY+105.6%	-71.0M YoY-255.0%
	-593M YoY+88.9%	-5.36B YoY-143.2%	12.4B	—	-5.33B YoY-151.6%	-2.12B YoY-186.5%
Capital expenditure	431M YoY+2.9%	419M YoY+15.4%	363M	—	299M YoY-26.0%	404M YoY-24.9%
Acquisitions	37.0M YoY-99.6%	8.34B YoY+1083.3%	705M	—	5.70B YoY+258.2%	1.59B YoY+1163.5%
Other investing activities	125M YoY+9.6%	114M YoY-19.1%	141M	—	138M YoY+452.0%	25.0M YoY-67.1%
	-4.51B YoY-83.7%	-2.46B YoY+64.0%	-6.82B	—	2.05B YoY+184.6%	-2.42B YoY-375.8%
Long-term debt issued	1.54B	0.00	0.00	—	2.98B	0.00 YoY-100.0%
Long-term debt repaid	503M YoY-8.0%	547M YoY-26.2%	741M	—	522M YoY+69.5%	308M YoY-38.8%
Common stock repurchased	1.17B YoY+168.3%	435M YoY-78.3%	2.00B	—	500M YoY+0.0%	500M YoY-46.9%
Dividends paid	1.19B YoY-0.7%	1.20B YoY+0.3%	1.20B	—	1.22B YoY+1.1%	1.21B YoY+0.1%
Other financing activities	-72.0M YoY-63.6%	-44.0M YoY+74.0%	-169M	—	80.0M YoY-20.0%	100M YoY+4900.0%
FX effect on cash	-39.0M YoY-295.0%	20.0M YoY+11.1%	18.0M	—	-186M YoY-3200.0%	6.00M YoY+146.2%
Net change in cash	-2.04B YoY+54.2%	-4.46B YoY-171.4%	6.25B	—	-550M YoY+42.8%	-961M YoY-152.8%
Interest paid	221M YoY+14.5%	193M YoY-3.5%	200M	—	199M YoY+27.6%	156M YoY-4.3%
Income taxes paid	1.44B YoY+51.6%	950M YoY-71.3%	3.31B	—	720M YoY+5.9%	680M YoY+70.0%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofDec 31 ’22	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	73.8B YoY+17.9%	62.6B YoY+13.5%	55.2B YoY+0.5%	54.9B YoY+26.8%	43.3B YoY-23.1%	56.3B YoY+43.7%
P/E	32.2× YoY+1.2%	31.8× YoY+662.1%	4.2× YoY-76.2%	17.6× YoY+31.2%	13.4× YoY-45.2%	24.5× YoY+22.6%
P/S	4.1× YoY+14.4%	3.6× YoY-2.9%	3.7× YoY-10.4%	4.1× YoY+31.2%	3.1× YoY+1.6%	3.1× YoY+32.3%
P/B	3.6× YoY+25.7%	2.9× YoY+7.3%	2.7× YoY-50.8%	5.5× YoY+31.2%	4.2× YoY-26.7%	5.7× YoY+22.2%
P/FCF	27.7× YoY+28.7%	21.5× YoY-14.2%	25.1× YoY+15.7%	21.7× YoY+31.2%	16.5× YoY-7.1%	17.8× YoY+15.3%
Earnings yield	3.1% YoY-1.1%	3.1% YoY-86.9%	23.9% YoY+320.9%	5.7% YoY-23.8%	7.5% YoY+82.5%	4.1% YoY-18.4%
FCF yield	3.6% YoY-22.3%	4.7% YoY+16.5%	4.0% YoY-13.6%	4.6% YoY-23.8%	6.1% YoY+7.6%	5.6% YoY-13.3%
Source filing	10-K	10-K	10-K	10-Q	10-K	10-K

About this data

Source: EMR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EMR filings on SEC EDGAR → Not investment advice.

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About this data

financial statements