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ROKRockwell Automation

Industrials · Measuring Instruments · NYSE

Rockwell Automation, Inc. (Rockwell Automation or the Company) is the world’s largest company dedicated to industrial automation and digital transformation. 10-K, Item 1

Headquarters
Milwaukee, WI
CEO
Blake D. Moret
Next results
around Feb 4, 2027
Compare with peers → Embed
All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)10.68Sales (ttm)9.0BNet income (ttm)1.2BSales growth+0.9%EPS growth-7.4%Sales Q/Q+7.9%
Free cash flow1.5BGross margin49.1%Oper. margin22.7%Net margin13.4%FCF margin16.8%ROE34.4%
ROA10.8%R&D / sales8.1%Dividend5.24Debt/Eq0.93Curr. ratio1.08Cash479.0M
Op. cash flow (ttm)1.7BEBITDA2.0BEBITDA margin24.3%Net debt2.8BQuick ratio0.74Interest cover10.92
ROIC20.6%Payout ratio68.3%Tax rate18.3%Stock pay / sales1.0%Shares out.111.0MShares Y/Y-1.2%
Book / share31.46Cash / share4.31Sales / share80.80Asset turnover0.81Inventory turns3.47Days sales out.84
Sales 3Y CAGR+2.4%Sales 5Y CAGR+5.7%EPS 3Y CAGR-1.3%EPS 5Y CAGR-2.6%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow rose 113%$639.0M → $1.4B · Cash from operations − capital expenditure · 10-K ↗
  • Revenue growth sped up to +0.9%-8.8% → +0.9% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

ROK against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
ROKPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+0.9%63rd of 82 · median +4.8%
Net margin
13.4%39th of 82 · median 13.0%
Return on equity
34.4%23rd of 77 · median 24.9%
Free cash flow margin
16.8%26th of 79 · median 13.0%
Debt / equity (less is better)
0.9343rd of 72 · median 0.72
ROK and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
ROK Rockwell Automation$9.0B +0.9%49.1%13.4%34.4%16.8%0.93
HWM Howmet Aerospace$9.7B +11.1%-21.1%35.6%19.8%0.77
FAST Fastenal$9.1B +8.7%44.6%15.6%34.2%13.0%0.02
FDXF FedEx Freight$9.1B -1.1%-5.3%--11.1%-
XYL Xylem Inc.$9.1B +5.5%39.8%11.9%10.5%10.2%0.34
DOV Dover Corporation$8.6B +4.5%39.7%13.6%15.3%13.9%0.52

From $7.0B of sales to $1.4B of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $2.9BRevenue to Cost of revenue: $4.1BGross profit to Net profit: $1.4BGross profit to Costs, tax, other: $1.5B Revenue: $7.0B Revenue$7.0B +11% Y/Y Gross profit: $2.9B · 41% margin Gross profit$2.9B41% margin +12% Y/Y Cost of revenue: $4.1B · 59% of revenue Cost of revenue$4.1B59% of revenue Net profit: $1.4B · 19% margin Net profit$1.4B19% margin +33% Y/Y Costs, tax, other: $1.5B · 22% of revenue Costs, tax, other$1.5B22% of revenue

Swipe sideways for the whole flow →

From $7.8B of sales to $932.2M of profit

FY2022, from the 10-K income statement and revenue by product
Products and solutions to Revenue: $7.0BServices to Revenue: $767.0MRevenue to Gross profit: $3.1BRevenue to Cost of revenue: $4.7BGross profit to Net profit: $932.2MGross profit to Costs, tax, other: $2.2B Products and solutions: $7.0B · 90% Products and solutions$7.0B90% Services: $767.0M · 10% Services$767.0M10% Revenue: $7.8B Revenue$7.8B +11% Y/Y Gross profit: $3.1B · 40% margin Gross profit$3.1B40% margin +7% Y/Y Cost of revenue: $4.7B · 60% of revenue Cost of revenue$4.7B60% of revenue Net profit: $932.2M · 12% margin Net profit$932.2M12% margin −31% Y/Y Costs, tax, other: $2.2B · 28% of revenue Costs, tax, other$2.2B28% of revenue

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From $9.1B of sales to $1.4B of profit

FY2023, from the 10-K income statement and revenue by product
Products and solutions to Revenue: $8.2BServices to Revenue: $833.0MRevenue to Gross profit: $4.4BRevenue to Cost of revenue: $4.6BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $2.5BOperating profit to Net profit: $1.4BOperating profit to Tax & other: $542.0MOperating expenses to R&D: $706.0MOperating expenses to Sales, admin & other: $1.8B Products and solutions: $8.2B · 91% Products and solutions$8.2B91% Services: $833.0M · 9% Services$833.0M9% Revenue: $9.1B Revenue$9.1B +17% Y/Y Gross profit: $4.4B · 49% margin Gross profit$4.4B49% margin +43% Y/Y Cost of revenue: $4.6B · 51% of revenue Cost of revenue$4.6B51% of revenue Operating profit: $1.9B · 21% margin Operating profit$1.9B21% margin Operating expenses: $2.5B · 28% of revenue Operating expenses$2.5B28% of revenue Net profit: $1.4B · 15% margin Net profit$1.4B15% margin +49% Y/Y Tax & other: $542.0M · 6% of revenue Tax & other$542.0M6% of revenue R&D: $706.0M · 8% of revenue R&D$706.0M8% of revenue Sales, admin & other: $1.8B · 20% of revenue Sales, admin & other$1.8B20% of revenue

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From $8.3B of sales to $953.0M of profit

FY2024, from the 10-K income statement and revenue by product
Products and solutions to Revenue: $7.3BServices to Revenue: $933.0MRevenue to Gross profit: $3.9BRevenue to Cost of revenue: $4.4BGross profit to Operating profit: $1.6BGross profit to Operating expenses: $2.3BOperating profit to Net profit: $953.0MOperating profit to Tax & other: $642.0MOperating expenses to R&D: $658.0MOperating expenses to Sales, admin & other: $1.6B Products and solutions: $7.3B · 89% Products and solutions$7.3B89% Services: $933.0M · 11% Services$933.0M11% Revenue: $8.3B Revenue$8.3B −9% Y/Y Gross profit: $3.9B · 47% margin Gross profit$3.9B47% margin −13% Y/Y Cost of revenue: $4.4B · 53% of revenue Cost of revenue$4.4B53% of revenue Operating profit: $1.6B · 19% margin Operating profit$1.6B19% margin −17% Y/Y Operating expenses: $2.3B · 27% of revenue Operating expenses$2.3B27% of revenue Net profit: $953.0M · 12% margin Net profit$953.0M12% margin −31% Y/Y Tax & other: $642.0M · 8% of revenue Tax & other$642.0M8% of revenue R&D: $658.0M · 8% of revenue R&D$658.0M8% of revenue Sales, admin & other: $1.6B · 19% of revenue Sales, admin & other$1.6B19% of revenue

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From $8.3B of sales to $869.0M of profit

FY2025, from the 10-K income statement and revenue by product
Products and solutions to Revenue: $7.4BServices to Revenue: $978.0MRevenue to Gross profit: $4.0BRevenue to Cost of revenue: $4.3BGross profit to Operating profit: $1.7BGross profit to Operating expenses: $2.3BOperating profit to Net profit: $869.0MOperating profit to Tax & other: $834.0MOperating expenses to R&D: $679.0MOperating expenses to Sales, admin & other: $1.6B Products and solutions: $7.4B · 88% Products and solutions$7.4B88% Services: $978.0M · 12% Services$978.0M12% Revenue: $8.3B Revenue$8.3B +1% Y/Y Gross profit: $4.0B · 48% margin Gross profit$4.0B48% margin +4% Y/Y Cost of revenue: $4.3B · 52% of revenue Cost of revenue$4.3B52% of revenue Operating profit: $1.7B · 20% margin Operating profit$1.7B20% margin +7% Y/Y Operating expenses: $2.3B · 28% of revenue Operating expenses$2.3B28% of revenue Net profit: $869.0M · 10% margin Net profit$869.0M10% margin −9% Y/Y Tax & other: $834.0M · 10% of revenue Tax & other$834.0M10% of revenue R&D: $679.0M · 8% of revenue R&D$679.0M8% of revenue Sales, admin & other: $1.6B · 20% of revenue Sales, admin & other$1.6B20% of revenue

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Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • Sales, admin & other
  • Net profit
  • R&D
  • Tax & other

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

4 of 4
  • ✓
    Net margin above the peer median13.4% vs 13.0%
  • ✓
    Gross margin up over 5 years41.0% → 48.1%
  • ✓
    Return on equity above 15%34.4%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 12.4% → 10.4%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 10.9× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.93 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.08
  • ✓
    Net debt under 3 years of free cash flow$2.8B net debt, 1.8 years
Debt / equity at each year end, FY2016 to FY2025: 0.99 → 0.88
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.4B last year
  • ✓
    Share count down over 5 years−3.0%
  • ✓
    Dividend per share up over 5 years$4.08 → $5.24
  • ✓
    Cash from operations above net income$1.5B vs $869.0M
Free cash flow, FY2016 to FY2025: 830.4M → 1.4B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Jun 30, 2026
Debt: $3.3B Debt$3.3B Long-term debt: $2.6B · 79% Long-term debt$2.6B · 79% Due within a year: $2.0M · 0% Due within a year$2.0M · 0% Short-term borrowings: $686.0M · 21% Short-term borrowings$686.0M · 21%

The debt note's own lines, 2025-09-30

Fixed rate $0Floating $522.0M Not stated $3.4B

Line, as the company names itKindRateFixed or floatingAmount
4.20% notes, payable in March 2049Notes and bonds4.20%not stated$575.0M
Commercial PaperCommercial paper–floating$522.0M
1.75% notes, payable in August 2031Notes and bonds1.75%not stated$450.0M
2.80% notes, payable in August 2061Notes and bonds2.80%not stated$450.0M
3.50% notes, payable in March 2029Notes and bonds3.50%not stated$425.0M
$425.0 Million Dollar Note Due 2029 (Notes Payable Other Payables)Notes and bonds–not stated$425.0M
$250.0 Million Dollar Note Due 2028 (Notes Payable Other Payables)Notes and bonds–not stated$250.0M
6.25% debentures, payable in December 2037Notes and bonds6.25%not stated$250.0M
6.70% debentures, payable in January 2028Notes and bonds6.70%not stated$250.0M
5.20% debentures, payable in January 2098Notes and bonds5.20%not stated$200.0M
Line of Credit–5.18%not stated$70.0M
Sensia loans from SLB, payable in October 2026––not stated$42.0M
Sensia loans from SLB, payable in October 2026––not stated$14.0M
All 13 lines

From the debt note in the 10-K's XBRL (0001024478-25-000116), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 8.3B Net income 869.0M
FY2016 revenue 5.9B · Revenues, 0001024478-18-000032 FY2016 net income 729.7M · NetIncomeLoss, 0001024478-18-000032 5.9B FY2016 FY2017 revenue 6.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-19-000044 FY2017 net income 825.7M · NetIncomeLoss, 0001024478-19-000044 6.3B FY2017 FY2018 revenue 6.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-20-000038 FY2018 net income 535.5M · NetIncomeLoss, 0001024478-20-000038 6.7B FY2018 FY2019 revenue 6.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-21-000083 FY2019 net income 695.8M · NetIncomeLoss, 0001024478-21-000083 6.7B FY2019 FY2020 revenue 6.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-22-000093 FY2020 net income 1.0B · NetIncomeLoss, 0001024478-22-000093 6.3B FY2020 FY2021 revenue 7.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-23-000126 FY2021 net income 1.4B · NetIncomeLoss, 0001024478-23-000126 7.0B FY2021 FY2022 revenue 7.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-24-000107 FY2022 net income 932.2M · NetIncomeLoss, 0001024478-24-000107 7.8B FY2022 FY2023 revenue 9.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-25-000116 FY2023 net income 1.4B · NetIncomeLoss, 0001024478-25-000116 9.1B FY2023 FY2024 revenue 8.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-25-000116 FY2024 net income 953.0M · NetIncomeLoss, 0001024478-25-000116 8.3B FY2024 FY2025 revenue 8.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001024478-25-000116 FY2025 net income 869.0M · NetIncomeLoss, 0001024478-25-000116 8.3B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

ROK's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue8.3B
FY2016: 5.9BFY2017: 6.3BFY2018: 6.7BFY2019: 6.7BFY2020: 6.3BFY2021: 7.0BFY2022: 7.8BFY2023: 9.1BFY2024: 8.3BFY2025: 8.3B FY2017FY2019FY2021FY2023FY2025
Net income869.0M
FY2016: 729.7MFY2017: 825.7MFY2018: 535.5MFY2019: 695.8MFY2020: 1.0BFY2021: 1.4BFY2022: 932.2MFY2023: 1.4BFY2024: 953.0MFY2025: 869.0M FY2017FY2019FY2021FY2023FY2025
Free cash flow1.4B
FY2016: 830.4MFY2017: 892.3MFY2018: 1.2BFY2019: 1.0BFY2020: 1.0BFY2021: 1.1BFY2022: 682.0MFY2023: 1.2BFY2024: 639.0MFY2025: 1.4B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)7.67
FY2016: 5.56FY2017: 6.35FY2018: 4.21FY2019: 5.83FY2020: 8.77FY2021: 11.58FY2022: 7.97FY2023: 11.95FY2024: 8.28FY2025: 7.67 FY2017FY2019FY2021FY2023FY2025
Dividend per share5.24
FY2016: 2.90FY2017: 3.04FY2018: 3.51FY2019: 3.88FY2020: 4.08FY2021: 4.28FY2022: 4.48FY2023: 4.72FY2024: 5.00FY2025: 5.24 FY2017FY2019FY2021FY2023FY2025
Diluted shares113.1M
FY2016: 131.1MFY2017: 129.9MFY2018: 126.9MFY2019: 119.3MFY2020: 116.6MFY2021: 117.1MFY2022: 116.7MFY2023: 115.6MFY2024: 114.5MFY2025: 113.1M FY2017FY2019FY2021FY2023FY2025

Revenue by business segment

year to Sep 30, 2025
RevenueSharevs year before
Intelligent Devices 3.8B45.0% -1.3%
Software & Control 2.4B28.6% +9.0%
Lifecycle Services 2.2B26.4% -3.1%

10-K 0001024478-25-000116, segment and revenue notes (XBRL).

Revenue by product or service

year to Sep 30, 2025
RevenueSharevs year before
Products and solutions 7.4B88.3% +0.5%
Services 978.0M11.7% +4.8%

10-K 0001024478-25-000116, segment and revenue notes (XBRL).

Revenue by region

year to Sep 30, 2025
RevenueSharevs year before
North America 5.3B63.2% +4.3%
U.S. Plans 4.8B58.1% +5.1%
Europe, Middle East, and Africa 1.5B17.8% -1.1%
Asia Pacific 1.0B12.3% -4.6%
Latin America 560.0M6.7% -11.7%

10-K 0001024478-25-000116, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue5.9B6.3B6.7B6.7B6.3B7.0B7.8B9.1B8.3B8.3B
Cost of revenue3.4B3.6B3.8B3.8B3.7B4.1B4.7B4.6B4.4B4.3B
Gross profit2.5B2.7B2.9B2.9B2.6B2.9B3.1B4.4B3.9B4.0B
R&D319.3M348.2M371.8M378.9M371.5M422.5M440.9M706.0M658.0M679.0M
SG&A1.5B1.6B1.6B1.5B1.5B1.7B1.8B2.0B2.0B1.9B
Operating income-------1.9B1.6B1.7B
Interest expense71.3M76.2M73.0M98.2M103.5M94.6M123.2M135.3M154.0M156.0M
Pretax income943.1M1.0B1.3B901.0M1.1B1.5B1.1B1.6B1.1B917.0M
Income tax213.4M211.7M795.3M205.2M112.9M181.9M154.5M330.0M152.0M168.0M
Net income729.7M825.7M535.5M695.8M1.0B1.4B932.2M1.4B953.0M869.0M
EPS (diluted)5.566.354.215.838.7711.587.9711.958.287.67
Diluted shares131.1M129.9M126.9M119.3M116.6M117.1M116.7M115.6M114.5M113.1M
Depreciation & amortization172.2M168.9M164.6M152.2M172.7M189.8M238.9M250.0M317.0M325.0M
EBITDA-------2.2B1.9B2.0B
Gross margin42.1%42.3%43.3%43.3%41.0%41.4%40.0%48.8%46.6%48.1%
Operating margin-------21.3%19.3%20.4%
Net margin12.4%13.1%8.0%10.4%16.2%19.4%12.0%15.3%11.5%10.4%
Revenue growth-+7.3%+5.6%+0.4%-5.5%+10.5%+10.9%+16.7%-8.8%+0.9%
EPS growth-+14.2%-33.7%+38.5%+50.4%+32.0%-31.2%+49.9%-30.7%-7.4%

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)40.5M38.5M38.5M43.1M46.1M51.7M68.1M88.0M100.0M85.0M
Stock-based pay / revenue0.7%0.6%0.6%0.6%0.7%0.7%0.9%1.0%1.2%1.0%
Operating lease cost----104.6M109.8M103.6M100.0M110.0M115.0M
Operating lease cash paid----103.6M108.5M102.9M102.0M110.0M117.0M
Finance lease principal paid----1.2M1.8M8.8M6.0M10.0M6.0M
Right-of-use assets----342.9M377.7M321.0M349.4M423.0M403.0M
Operating lease liabilities----364.4M403.5M346.5M368.7M445.3M423.0M
Finance lease liabilities-----15.5M25.7M10.1M12.0M6.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on ROK in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ROK/export.csv") into a cell.