Emerson Electric (EMR) FY2025 10-K Annual Report

Filed: Nov 10, 2025
Information Technology
Electronic & Other Electrical Equipment (No Computer Equip)SEC EDGAR

Emerson Electric (EMR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 10, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Emerson Electric FY2025 10-K Analysis

Business Overview

  • Core business model: Automation portfolio with intelligent devices, control systems, software solutions serving process, hybrid, and discrete industries
  • Completed $7.2B acquisition of AspenTech; integrated into Control Systems & Software segment
  • Bought National Instruments for $8.2B, expanding software-connected automated test and measurement offerings
  • Divested majority stake in Climate Technologies for $14B; later sold remaining interests for $3.4B total proceeds
  • Divested InSinkErator for $3.0B, completing significant portfolio transformation and now reporting six segments and two business groups

Management Discussion & Analysis

  • No revenue, profitability, segment performance, or detailed cash flow data disclosed in provided text
  • Equity compensation plans: 5.892M shares exercisable, weighted avg exercise $54.16, 15.703M shares available for future issuance
  • Includes shares from National Instruments (338K) and AspenTech (503K) acquisitions in equity plans
  • No guidance, outlook, or key risks information included in provided MD&A excerpt

Risk Factors

  • Regulatory risk: Discrete tax items and non-deductible AspenTech fees increased 2025 effective tax rate by ~2 percentage points (Note 4)
  • Macroeconomic risk: Sales in China down 3%-6% across segments in 2025 impacting Asia, Middle East & Africa exposure
  • Operational risk: Acquisition-related inventory step-up amortization of $231 in 2024 negatively impacted gross margin by 1.3 percentage points
  • Competitive risk: Control Systems & Software growth supported by AspenTech acquisition; test & Measurement segment recovery critical post-acquisition
  • Financial risk: Debt-to-total capital ratio rose to 39.3% in 2025 due to $4.2B commercial paper and AspenTech transaction funding

Emerson Electric FY2025 Key Financial Metrics
XBRL

Revenue

$18.0B

+3.0% YoY

Net Income

$2.3B

+16.5% YoY

Gross Margin

52.8%

+204bp YoY

Net Margin

12.7%

+148bp YoY

ROE

11.3%

+221bp YoY

Total Assets

$42.0B

-5.2% YoY

EPS (Diluted)

$4.04

+17.8% YoY

Operating Cash Flow

$3.1B

-7.0% YoY

Source: XBRL data from Emerson Electric FY2025 10-K filing on SEC EDGAR. All figures in USD.

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