Emerson Electric Co.

EMRActive

CIK 32604 · Diversified Industrial Compounders

N/A

Market data as of N/A

Financials: LTM / latest available company filings

Sources: FMP, EMR filings, SEC EDGAR

$79,137

Market cap ($MM)

$90,705

Enterprise value ($MM)

$18,316

Revenue · LTM ($MM)

$5,140

EBITDA · LTM ($MM)

28%

EBITDA margin

5.0x

EV / revenue

17.6x

EV / EBITDA

1.1x

Net debt / EBITDA

Coverage

Coverage view

The analytical read on the name and the balance-sheet capacity behind the program.

Key points

01EMR is a scaled public consolidator in Industrial Compounders, a benchmark for how the sub-sector buys, pays, and trades.
02The relevant peer set is ROP, DHR, HEI, TDG, AME, DOV.

Balance sheet & capacity

Indicative capacity read: 1.1x net debt / EBITDA with EBITDA of $5.1B.

$1,791

Cash & equiv. ($MM)

$7,555

Total debt ($MM)

$5,764

Net debt ($MM)

1.1x

Net debt / EBITDA

Valuation

Where it trades against its peer set

EMR versus the scaled public Diversified Industrial Compounders comparables.

Indexed share-price performance

EMR versus available Diversified Industrial Compounders peers and SPY.

+47%

EMR

N/A

Peer med.

+79%

SPY

Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.

Company	Ticker	Revenue ($MM)	EBITDA ($MM)	Margin	Market cap ($MM)	EV ($MM)	EV / rev	EV / EBITDA	Net debt / EBITDA
Emerson Electric Co.	EMR	$18,316	$5,140	28%	$79,137	$90,705	5.0x	17.6x	1.1x

Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.

M&A program

A sustained, programmatic tuck-in cadence

EMR's disclosed acquisition footprint and the deals behind it.

Disclosed acquisitions

Active years

Named deals

Avg / active year

4.8

Acq. cash outflow ($MM)

N/A

Banker read

01EMR reads as a programmatic acquirer: 81 disclosed acquisitions across 17 active years, or 4.8 per active year. The chart shows activity in 11 of the last 12 visible years.
02In the last three years, the file shows 4 acquisitions versus 7 in the prior three; recent activity has cooled versus the prior three-year period.
03Spend changes the read: $28B of disclosed spend is concentrated in lumpy years, with FY24 the largest year at $8.3B. Recent spend is above the prior three-year period.

Annual acquisitions + disclosed spend

count spend named deal

EMR count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.

Program diagnostics

Recent / prior

4 / 7

Last three years is down 43% vs prior three.

Peak count year

FY15

8 disclosed acquisitions in the peak visible year.

Recent spend

$9.1B

is up 22% vs prior three; peak FY24 at $8.3B.

Named evidence

10 rows

12% selected source-cited transaction coverage.

Selected transactions

Date	Target	Segment	Consideration ($MM)	Strategic rationale	Source
Nov 16, 2017	Rockwell Automation, Inc.	Diversified industrial compounders	$29,000	On November 16, 2017, the Company announced that it proposed to acquire Rockwell for $29 billion, or $225 per share, consisting of $135 per share in cash, financed primarily wit...	10-K^†
Jun 30, 2023	Sale of majority stake in Climate Technologies business	Diversified industrial compounders	$14,000	On October 31, 2022, the Company announced an agreement to sell a majority stake in its Climate Technologies business (which constitutes the Climate Technologies segment, exclud...	10-K^†
Oct 11, 2023	National Instruments Corporation	Diversified industrial compounders	$8,200	On October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion. NI, which provides software-connected a...	10-K^†
Oct 11, 2023	National Instruments Corporation	Diversified industrial compounders	$8,200	On October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion. NI, which provides software-connected a...	10-K^†
Oct 11, 2021	Aspen Technology, Inc.	Diversified industrial compounders	$6,000	On October 11, 2021, the Company announced that it entered into a definitive agreement with Aspen Technology, Inc. ("AspenTech") to combine two of Emerson's stand-alone industri...	10-K^†
Dec 31, 2016	Pentair's Valves & Controls business	Diversified industrial compounders	$3,150	In the fourth quarter of 2016, the Company entered into an agreement to purchase Pentair's Valves & Controls business for $3.15 billion, subject to certain post-closing adjustme...	10-K^†
Oct 31, 2022	InSinkErator	Diversified industrial compounders	$3,000	On October 31, 2022, the Company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation for $3.0 billion. This...	10-K^†
Apr 28, 2017	Pentair's valves & controls business	Diversified industrial compounders	$2,960	On April 28, 2017, the Company completed the acquisition of Pentair's valves & controls business for $2.96 billion, net of cash acquired of $207 million, subject to certain post...	10-K^†

Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 8 cited filings.

Evidence

Source archive

A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.

Annual 10-Ks

Named deal filings

Recent SEC filings

Evidence clips

Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.15 rows+

Fiscal year	Filing date	Form	Status	Count	Cash spend	Purchase consideration	Source
FY2025	Nov 10, 2025	Annual M&A 10-K	accepted	1	$705MM	$7.2B	SEC filing
FY2024	Nov 12, 2024	Annual M&A 10-K	quarantined (1 warn, 1 issue)	1	$5.7B	N/A	SEC filing
FY2022	Nov 14, 2022	Annual M&A 10-K	quarantined (1 issue)	3	$126MM	$130MM	SEC filing
FY2021	Nov 15, 2021	Annual M&A 10-K	warning (1 warn)	N/A	$469MM	N/A	SEC filing
FY2020	Nov 16, 2020	Annual M&A 10-K	warning (1 warn)	4	$2.2B	N/A	SEC filing
FY2018	Nov 19, 2018	Annual M&A 10-K	quarantined (1 issue)	6	$132MM	$2.2B	SEC filing
FY2017	Nov 20, 2017	Annual M&A 10-K	accepted	3	$324MM	$3.0B	SEC filing
FY2016	Nov 16, 2016	Annual M&A 10-K	warning (1 warn)	6	$132MM	N/A	SEC filing
FY2013	Nov 19, 2013	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2011	Nov 22, 2011	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2010	Nov 23, 2010	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2009	Nov 23, 2009	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2008	Nov 25, 2008	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2007	Nov 19, 2007	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing
FY2006	Nov 21, 2006	Annual M&A 10-K	accepted	N/A	N/A	N/A	SEC filing

Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.8 rows+

Filing date	Form	Targets / topics	Support	Source
Nov 10, 2025	10-K	National Instruments Corporation	Annual M&ANamed deals	SEC filing
Nov 12, 2024	10-K	National Instruments Corporation	Annual M&ANamed deals	SEC filing
Nov 14, 2022	10-K	Sale of majority stake in Climate Technologies business; InSinkErator	Annual M&ANamed deals	SEC filing
Nov 15, 2021	10-K	Aspen Technology, Inc.	Annual M&ANamed deals	SEC filing
Nov 19, 2018	10-K	Pentair's valves & controls business	Annual M&ANamed deals	SEC filing
Nov 20, 2017	10-K	Rockwell Automation, Inc.	Annual M&ANamed deals	SEC filing
Nov 16, 2016	10-K	Pentair's Valves & Controls business	Annual M&ANamed deals	SEC filing
Nov 18, 2019	10-K	Pentair's valves & controls business	Named deals	SEC filing

Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+

No filing source clears this category.

Evidence clipsShort excerpts used on the page; expand only when you want the language.6 rows+

Proposed acquisition of Rockwell Automation, Inc.

10-K - Nov 20, 2017

Medium

On November 16, 2017, the Company announced that it proposed to acquire Rockwell for $29 billion, or $225 per share, consisting of $135 per share in cash, financed primarily with newly issued debt,...

SEC source

Sale of majority stake in Climate Technologies business

10-K - Nov 14, 2022

Medium

On October 31, 2022, the Company announced an agreement to sell a majority stake in its Climate Technologies business (which constitutes the Climate Technologies segment, excluding Therm-O-Disc whi...

SEC source

National Instruments Corporation

10-K - Nov 10, 2025

Medium

On October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion. NI, which provides software-connected automated test and me...

SEC source

National Instruments Corporation acquisition

10-K - Nov 12, 2024

Medium

SEC source

Combination with Aspen Technology, Inc.

10-K - Nov 15, 2021

Medium

On October 11, 2021, the Company announced that it entered into a definitive agreement with Aspen Technology, Inc. ("AspenTech") to combine two of Emerson's stand-alone industrial software business...

SEC source

Pentair's Valves & Controls business

10-K - Nov 16, 2016

Medium

In the fourth quarter of 2016, the Company entered into an agreement to purchase Pentair's Valves & Controls business for $3.15 billion, subject to certain post-closing adjustments. This business, ...

SEC source

Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.

Search

Coverage view

Where it trades against its peer set

A sustained, programmatic tuck-in cadence

Source archive