Rockwell Automation Inc.

ROK
Financial Analysis · Updated May 13, 2026 · Coverage 2026-Q2
TTM ROIC
13.1%
FY2025 · NOPAT / Invested Capital (Total assets ~$9.5B − non-interest bearing current liabilities ~$2B) · WACC ~9.25% · Moat spread +3.5pp

Financial Snapshot

ticker: ROK step: 04 generated: 2026-05-12 source: quick-research

Rockwell Automation Inc. (ROK) — Financial Snapshot

Note: Rockwell's fiscal year ends September 30. "FY2023" = Oct 2022–Sep 2023, etc.

Income Statement Summary

Metric FY2022 FY2023 FY2024 YoY
Revenue $7.76B $9.06B $8.26B -8.8%
Gross Margin ~42% ~43% ~43% flat
Adj. Operating Margin ~18% ~21% ~19% -2pp
Net Income (GAAP) ~$0.93B $1.39B ~$0.96B
GAAP EPS $7.97 $11.95 $8.28 -30.7%
Adj. EPS $9.49 $12.12 ~$9.50

Note: FY2023 peak reflected pent-up orders fulfilled as supply chains normalized; FY2024 was a sharp inventory correction as distributors worked down excess stock. FY2025 recovery: revenue $8.34B (+1%), segment operating margin 20.4% (vs. 19.3% prior year).

Cash Flow & Balance Sheet (FY2024)

Metric Value
Operating Cash Flow ~$1.1B
Free Cash Flow ~$0.9B
Cash & Equivalents ~$0.7B
Total Debt ~$3.0B

Key Ratios (approximate)

  • P/E: ~26x (on adj) | EV/EBITDA: ~18x | FCF Yield: ~3%
  • Dividend Yield: ~1.5% | Software ARR: $650M (+15% YoY, 85% gross margin)
  • Segment Operating Margin FY2025: 20.4%

Growth Profile

FY2023 was a peak year driven by supply-chain-constrained order fulfillment. FY2024's sharp decline was an inventory destocking cycle, not market share loss — a common dynamic in industrial automation when channel inventory normalizes. Recovery is underway: FY2025 revenue grew 1% organically, segment margins expanded 110 bps, and Software & Control organic sales grew 30% in Q4 FY2025. The Logix L9 processor and FactoryTalk Neo AI platform (launched 2025) are beginning to drive share gains. Warehouse/e-commerce automation grew 70%+ YoY.

Forward Estimates

  • FY2025 (ended Sep 2025): Revenue $8.34B; Adj. EPS ~$10–11
  • FY2026 Guidance (raised): Revenue ~$8.9B (+7%); continued margin expansion
  • Software ARR target: $1B+ over medium term

Deeper Financial Analysis

The fundamental tier adds 9 additional research dimensions for $ROK.

Revenue Breakdown
Segment revenue, geographic mix, product-line contribution margins, and cohort dynamics.
Financial Trends
Quarter-over-quarter momentum, leading indicators, and inflection point analysis.
Balance Sheet
Debt structure, liquidity runway, dilution risk, and working capital dynamics.
Capital Allocation
Buyback cadence, M&A appetite, dividend policy, and reinvestment priorities.
Returns on Capital (ROIC)
Multi-year ROIC vs. WACC, marginal returns on reinvestment, sales-to-invested-capital efficiency, and moat spread.
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