Short answer
Rockwell Automation (ROK) filed its fiscal 2025 10-K annual report with the SEC on Nov 12, 2025. It reported revenue of $8.3B (+0.9% year over year) and net income of $869M.
- Top risk flagged: Regulatory risk: BEPS Pillar Two tax law enactments (e.g., Singapore) effective fiscal 2026, expected to increase effective tax rate by ~3%
FY2025 key financial metrics · XBRL
- Revenue
- $8.3B
- +0.9% YoY
- Net income
- $869M
- −8.8% YoY
- Operating margin
- 20.4%
- +1.1 pp YoY
- Gross margin
- 48.1%
- +9.5 pp YoY
- EPS (diluted)
- $7.67
- −7.4% YoY
- ROE
- 23.8%
- −3.4 pp YoY
- Operating cash flow
- $1.5B
- +78.7% YoY
Source: XBRL data from the Rockwell Automation (ROK) FY2025 10-K on SEC EDGAR. USD.
Rockwell Automation FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Industrial automation and digital transformation solutions
- Emphasis on combining technology with industry expertise to enhance customer resilience, agility, and sustainability
- Strategic focus on simplifying complex production challenges for customers
- Market leadership as the world’s largest company dedicated to industrial automation and digital transformation
Management Discussion & Analysis
- Revenue $8.34B, up 1% YoY from $8.26B driven by Software & Control growth; Intelligent Devices and Lifecycle Services declined
- Adjusted income $1.20B up 5.5% YoY from $1.13B; adjusted EPS $10.53 vs $9.85; effective tax rate 18.3% vs 13.8%
- Best segment Software & Control sales $2.38B, up 9% YoY; worst segment Intelligent Devices $3.76B, down 1.3% YoY
- Operating cash flow $1.54B vs $864M; free cash flow $1.36B vs $639M; share repurchases $419M (1.5M shares); dividends $593M ($5.24/share)
- Management plans $270M capex for 2026; Sensia joint venture dissolution with $161M goodwill and $63M intangible impairments; risks from Oil & Gas industry exposure
Risk Factors
- Regulatory risk: BEPS Pillar Two tax law enactments (e.g., Singapore) effective fiscal 2026, expected to increase effective tax rate by ~3%
- Macroeconomic exposure: North America sales 63% of total, with U.S. Manufacturing PMI below 50 in all Q4 2025 months indicating contraction in manufacturing activity
- Supply chain vulnerability: Sensia joint venture impairment $224 million (non-cash) in 2025 impacting purchase accounting expense and operating margins
- Competitive risk: Software & Control segment sales declined in North America, potentially pressured by regional competitor shifts and technology adoption
- Financial risk: Legacy asbestos liabilities accounting change in Q4 2025, recording $136 million pre-tax expense ($103 million after tax), affecting earnings per share by $0.91
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