Short answer
Emerson Electric (EMR) filed its fiscal 2025 10-K annual report with the SEC on Nov 10, 2025. It reported revenue of $18.0B (+3.0% year over year) and net income of $2.3B.
- Top risk flagged: Regulatory risk: Discrete tax items and non-deductible AspenTech fees increased 2025 effective tax rate by ~2 percentage points (Note 4)
FY2025 key financial metrics · XBRL
- Revenue
- $18.0B
- +3.0% YoY
- Net income
- $2.3B
- +16.5% YoY
- Gross margin
- 52.8%
- +2.0 pp YoY
- EPS (diluted)
- $4.04
- +17.8% YoY
- ROE
- 11.3%
- +2.2 pp YoY
- Operating cash flow
- $3.1B
- −7.0% YoY
Source: XBRL data from the Emerson Electric (EMR) FY2025 10-K on SEC EDGAR. USD.
Emerson Electric FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.