EMERSON ELECTRIC CO（EMR）の決算・業績分析
EMERSON ELECTRIC COの2025年有価証券報告書をAI分析。売上高$18.0B(+3.0%)。Information Technology。
目次
EMERSON ELECTRIC COの2025年度 業績サマリー
EMERSON ELECTRIC CO（証券コード: EMR）の2025年度決算・業績分析。売上高は$18.0B（前年比+3.0%）。純利益は$2.3B（前年比+16.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
EMERSON ELECTRIC COの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Net income surged 40.3% YoY to $3.2B (XBRL), driven by strong profitability and cost management.
- Revenue grew 6.7% YoY to $13.8B (XBRL), reversing a 5-year CAGR decline (-2.7%) and reaching a 5-year high.
- Shareholder returns totaled $1.7B (XBRL) via dividends ($1.2B) and buybacks ($500M), despite $299M in CapEx.
- Gross margin remained robust at 53.8% (XBRL), outperforming industry peers in industrial automation.
EMERSON ELECTRIC COの売上高変化の要因
- •Total revenue reached $13.8B (XBRL), up 6.7% YoY but down from $12.9B in FY2023. Historical data shows a 5-year revenue decline (-2.7% CAGR), though FY2024 marks a reversal. Segment-specific revenue figures are not available in the provided data (XBRL). The 6.7% growth likely stems from improved demand in industrial automation and energy efficiency solutions, though specific drivers remain unspecified.
EMERSON ELECTRIC COの営業利益変化の要因
- •Gross profit of $7.4B (XBRL) yielded a 53.8% margin, stable YoY. Operating income rose to $3.4B (XBRL) with a 24.8% margin, while net income surged 40.3% YoY to $3.2B (XBRL) at a 23.4% margin. Cost of sales ($6.4B implied) and SG&A expenses changes are not quantified in the data (XBRL). The 30.9% EBITDA margin (XBRL) reflects disciplined cost management.
EMERSON ELECTRIC COの事業リスクと対応
Competitive pressures may reduce prices/demand and market share (10-K).
Failure to innovate with new products/services could harm profitability (10-K).
Intellectual property risks from infringement or misappropriation (10-K).
Acquisition/divestiture challenges due to regulatory hurdles (10-K).
Technological shifts (e.g., decarbonization) may require unproven innovations (10-K).
Regulatory challenges for acquisitions/divestitures (domestic/foreign) (10-K).
Climate change policies (e.g., carbon taxes) may impact business (10-K).
EMERSON ELECTRIC COの事業内容
Emerson Electric Co (EMR) operates as a diversified manufacturer of industrial automation, process control, and climate technologies. The company serves global markets through a broad portfolio of products, including sensors, valves, and HVAC systems. Competitive pressures and innovation risks are highlighted in the 10-K, with reliance on independent sales channels posing operational vulnerabilities. The FY2024 results reflect resilience in core markets despite macroeconomic headwinds.
EMERSON ELECTRIC COのAI業績分析レポート（2024年度）
Emerson Electric Co (EMR) FY2024 Annual Report Analysis
Highlights
Business Overview
Emerson Electric Co (EMR) operates as a diversified manufacturer of industrial automation, process control, and climate technologies. The company serves global markets through a broad portfolio of products, including sensors, valves, and HVAC systems. Competitive pressures and innovation risks are highlighted in the 10-K, with reliance on independent sales channels posing operational vulnerabilities. The FY2024 results reflect resilience in core markets despite macroeconomic headwinds.
Revenue Analysis
Total revenue reached $13.8B (XBRL), up 6.7% YoY but down from $12.9B in FY2023. Historical data shows a 5-year revenue decline (-2.7% CAGR), though FY2024 marks a reversal. Segment-specific revenue figures are not available in the provided data (XBRL). The 6.7% growth likely stems from improved demand in industrial automation and energy efficiency solutions, though specific drivers remain unspecified.
Profitability Analysis
Gross profit of $7.4B (XBRL) yielded a 53.8% margin, stable YoY. Operating income rose to $3.4B (XBRL) with a 24.8% margin, while net income surged 40.3% YoY to $3.2B (XBRL) at a 23.4% margin. Cost of sales ($6.4B implied) and SG&A expenses changes are not quantified in the data (XBRL). The 30.9% EBITDA margin (XBRL) reflects disciplined cost management.
Balance Sheet Analysis
Equity ratio stood at 58.0% (XBRL), with total equity rising to $20.7B (XBRL) in FY2024. Long-term debt was $7.6B (XBRL), though maturity profiles and interest rates are unspecified. Current ratio of 2.75x (XBRL) indicates strong liquidity, but cash and equivalents details are not available (XBRL). Total assets grew to $35.7B (XBRL), up from $24.7B in FY2023.
Cash Flow Analysis
Operating cash flow was $2.9B (XBRL), slightly below net income of $3.2B (XBRL). Free cash flow totaled $2.6B (XBRL), calculated as $2.9B OCF minus $299M CapEx (XBRL). Investing activities consumed $5.3B (XBRL), likely reflecting asset acquisitions. Financing activities included $1.2B in dividends (XBRL) and $500M in share repurchases (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 102 days (XBRL), with receivables at 67 days (XBRL), inventory at 98 days (XBRL), and payables at 62 days (XBRL). Asset turnover of 0.39x (XBRL) suggests underutilization of assets relative to revenue.
Risks
Outlook
N/A (No forward-looking guidance or management expectations are explicitly stated in the provided data).
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