Rockwell Automation (ROK) FY2025 results: revenue $8.3 billion, up 0.9% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $8.3 billion for fiscal 2025, the year ended 30 September 2025, up 0.9% on the year before. Net income was $869 million, down 8.8%, and diluted earnings per share $7.67. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2025.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 10 new.
- Fourth-quarter sales up 14%: Sales were $2,316 million against $2,035 million a year earlier; organic sales rose 13% and currency translation added 1%.
- Adjusted EPS up 32% in quarter: Fourth-quarter Adjusted EPS was $3.34 against $2.53, attributed to higher sales volume and segment operating margin; full-year Adjusted EPS was $10.53, up 7%.
- Operating cash flow up 79%: Operating cash flow was $1,544 million against $864 million; free cash flow was $1,358 million against $639 million, up 113%.
- Sensia dissolution agreed with SLB: After a strategic review, Rockwell and SLB agreed to pursue an orderly dissolution of the Sensia joint venture.
- Fourth-quarter impairment of $110 million: A non-cash impairment charge of $110 million, or $0.97 per share net of tax and non-controlling interest, was recorded in the fourth quarter.
From this 10-K
Rockwell Automation sells industrial automation equipment, software and services: the drives, controllers, sensors, safety systems and software that run factories and plants. The filing describes it as the world's largest company dedicated to industrial automation and digital transformation. It continues the business founded as the Allen-Bradley Company in 1903, which Rockwell International Corporation bought in 1985, and it was incorporated in Delaware in a tax-free reorganisation completed on 6 December 1996 that separated the aerospace and defence businesses, which went to The Boeing Company. The financial year ends on 30 September.
The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025
Income statement (profit and loss)
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 8,342 | 8,264 | 9,058 | +0.9% | |
| Cost of revenue | 4,326 | 4,413 | 4,635 | -2.0% | |
| Gross profit | 4,016 | 3,851 | 4,423 | +4.3% | |
| Gross margin | 48.1% | 46.6% | 48.8% | ||
| Research and development | 679 | 658 | 706 | +3.2% | |
| Selling, general and administrative | 1,914 | 2,003 | 2,024 | -4.4% | |
| Operating income | 1,703 | 1,595 | 1,929 | +6.8% | |
| Operating margin | 20.4% | 19.3% | 21.3% | ||
| Interest expense | 156 | 154 | 135 | +1.3% | |
| Pre-tax income | 917 | 1,099 | 1,608 | -16.6% | |
| Income tax | 168 | 152 | 330 | +10.7% | |
| Effective tax rate | 18.3% | 13.8% | 20.5% | ||
| Net income | 869 | 952 | 1,387 | -8.8% | |
| Net margin | 10.4% | 11.5% | 15.3% | ||
| Diluted EPS | $7.67 | $8.28 | $11.95 | -7.4% |
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 1,544 | 864 | 1,375 | +78.7% | |
| Capital expenditure | 186 | 225 | 160 | -17.2% | |
| Free cash flow | 1,358 | 639 | 1,214 | +112.5% | |
| Free cash flow margin | 16.3% | 7.7% | 13.4% | ||
| Cash from investing | -216 | -982 | 854 | ||
| Cash from financing | -1,335 | -503 | -1,676 | ||
| Depreciation and amortisation | 325 | 317 | 250 | +2.4% | |
| Share-based compensation | 85.0 | 100 | 88.0 | -15.0% | |
| Buybacks | 425 | 595 | 312 | -28.6% | |
| Dividends paid | 591 | 571 | 542 | +3.5% | |
| Dividend per share | $5.24 | $5.00 | $4.72 | +4.8% | |
| Diluted shares, weighted | 113m | 114m | 116m | -1.2% | |
| Shares outstanding at period end | 112m | 113m | 115m | -0.6% |
Balance sheet
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 3,654 | 3,498 | 3,562 | +4.5% | |
| Non-controlling interest | 57.0 | 177 | 182 | -67.8% | |
| Debt | 3,224 | 3,639 | 2,966 | -11.4% | |
| Operating lease liabilities | 329 | 356 | 285 | -7.5% | |
| Other liabilities | 3,955 | 3,562 | 4,309 | +11.0% | |
| Total liabilities and equity | 11,219 | 11,232 | 11,304 | -0.1% | |
| Fixed assets | 797 | 777 | 684 | +2.6% | |
| Goodwill | 3,839 | 3,993 | 3,529 | -3.9% | |
| Intangible assets | 864 | 1,066 | 852 | -19.0% | |
| Investments | 182 | 169 | 158 | +7.7% | |
| Cash and equivalents | 468 | 471 | 1,072 | -0.6% | |
| Receivables | 1,931 | 1,802 | 2,167 | +7.2% | |
| Inventory | 1,247 | 1,293 | 1,405 | -3.6% | |
| Other assets | 1,891 | 1,661 | 1,436 | +13.9% | |
| Total assets | 11,219 | 11,232 | 11,304 | -0.1% |
10-K for the year ended 30 September 2025, filed 12 November 2025: the filing.