Rockwell Automation
ROK · NYSEMeasuring & Controlling Devices, NEC · Fiscal year ends Sep 30
Rockwell Automation reported revenue of $8.3B in the fiscal year ended Sep 2025, up 0.9% from the year before. Operating income was $1.7B, an operating margin of 20.4%, and net income was $869M. Operating cash flow of $1.5B less capital expenditure of $186M left free cash flow of $1.4B. Net debt was $2.1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue | $7B | $7.8B | $9.1B | $8.3B | $8.3B |
| Cost of revenue | $4.1B | $4.7B | $4.6B | $4.4B | $4.3B |
| Gross profit | $2.9B | $3.1B | $4.4B | $3.9B | $4B |
| Research & development | $423M | $441M | $706M | $658M | $679M |
| Selling, general & admin | $1.7B | $1.8B | $2B | $2B | $1.9B |
| Operating income | – | – | $1.9B | $1.6B | $1.7B |
| Interest expense | $95M | $123M | $135M | $154M | $156M |
| Pre-tax income | $1.5B | $1.1B | $1.6B | $1.1B | $917M |
| Income tax | $182M | $155M | $330M | $152M | $168M |
| Net income | $1.4B | $932M | $1.4B | $953M | $869M |
| Diluted EPS | 11.58 | 7.97 | 11.95 | 8.28 | 7.67 |
| Diluted shares | 117M | 117M | 116M | 115M | 113M |
Balance sheet
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $662M | $491M | $1.1B | $471M | $468M |
| Receivables | $1.4B | $1.7B | $2.2B | $1.8B | $1.9B |
| Inventory | $798M | $1.1B | $1.4B | $1.3B | $1.2B |
| Current assets | $3.1B | $3.6B | $4.9B | $3.9B | $3.9B |
| Net PP&E | $582M | $587M | $684M | $777M | $797M |
| Goodwill | $3.6B | $3.5B | $3.5B | $4B | $3.8B |
| Total assets | $10.7B | $10.8B | $11.3B | $11.2B | $11.2B |
| Payables | $890M | $1B | $1.2B | $860M | $930M |
| Deferred revenue | $463M | $507M | $593M | $584M | $621M |
| Current liabilities | $3B | $3.6B | $3.4B | $3.6B | $3.4B |
| Short-term debt | $7M | $609M | $9M | $307M | $2M |
| Long-term debt | $3.5B | $2.9B | $2.9B | $2.6B | $2.6B |
| Shareholders' equity | $2.4B | $2.7B | $3.6B | $3.5B | $3.7B |
| Backlog (remaining obligations) | $655M | $1.2B | $1.1B | $1.2B | $1M |
Cash flow
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $823M | $1.4B | $864M | $1.5B |
| Capital expenditure | $120M | $141M | $161M | $225M | $186M |
| Free cash flow | $1.1B | $682M | $1.2B | $639M | $1.4B |
| Depreciation & amortisation | $190M | $239M | $250M | $317M | $325M |
| Stock-based compensation | $52M | $68M | $88M | $100M | $85M |
| Acquisitions | $2.5B | $17M | $168M | $749M | $0 |
| Share buybacks | $300M | $301M | $312M | $595M | $425M |
| Dividends paid | $497M | $519M | $542M | $571M | $591M |
| Dividend per share | 4.28 | 4.48 | 4.72 | 5.00 | 5.24 |
Key ratios
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 10.9% | 16.7% | −8.8% | 0.9% |
| Operating income growth (YoY) | – | – | – | −17.3% | 6.8% |
| EPS growth (YoY) | – | −31.2% | 49.9% | −30.7% | −7.4% |
| Gross margin | 41.4% | 40.0% | 48.8% | 46.6% | 48.1% |
| Operating margin | – | – | 21.3% | 19.3% | 20.4% |
| Net margin | 19.4% | 12.0% | 15.3% | 11.5% | 10.4% |
| Return on equityBlank when equity is negative | 56.8% | 34.2% | 38.9% | 27.2% | 23.8% |
| ROCEEBIT ÷ (assets − current liabilities) | – | – | 24.3% | 20.9% | 21.9% |
| Free cash flow margin | 16.3% | 8.8% | 13.4% | 7.7% | 16.3% |
| Cash conversion (CFO ÷ net income) | 0.93x | 0.88x | 0.99x | 0.91x | 1.78x |
| Receivable days | 74 | 82 | 87 | 80 | 84 |
| Inventory days | 71 | 83 | 111 | 107 | 105 |
| Payable days | 79 | 81 | 91 | 71 | 78 |
| Interest cover | – | – | 14.3x | 10.4x | 10.9x |
| Debt ÷ equity | 1.45x | 1.28x | 0.81x | 0.82x | 0.72x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $2.8B | $3B | $1.8B | $2.4B | $2.1B |
| Current ratio | 1.02x | 1.01x | 1.46x | 1.08x | 1.14x |
Recent filings
More in Measuring & Controlling Devices, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.