# Rockwell Automation Inc. (ROK) — Financial Analysis

**Exchange:** NYSE  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-13  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/ROK/thesis · /stocks/ROK/memo

## 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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/ROK/fundamental

## Navigation

- Overview: /stocks/ROK
- Financials (this page): /stocks/ROK/financials
- Thesis: /stocks/ROK/thesis
- Investment Memo: /stocks/ROK/memo
- Coverage universe: /stocks