该报告暂无中文版，以下为英文版分析。
AI核心结论
EMR delivered modest Q1 FY2026 revenue growth of 4.1% to $4.35B, with net income rising 3.4% to $605M, though operating cash flow declined 10% and a sharp 76.6% surge in current liabilities warrants close monitoring.
营收
43.46亿美元
同比 +4.10%
每股收益（稀释）
1.07美元
同比 +4.90%
SEC XBRL 原值
Emerson Electric (EMR) Q1 FY2026 营收 43.46亿美元，同比增长 4.1%。 经营活动现金流 6.99亿美元，同比下降 10.0%。 EMR 的财年 Q1 FY2026 对应日历 Q4 2025。
近 4 个季度：2 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 1.71 | 1.69 | 超预期 +1.0% |
| 2026年3月 | 1.54 | 1.55 | 不及预期 -0.7% |
| 2025年12月本次财报 | 1.46 | 1.43 | 超预期 +2.4% |
| 2025年9月 | 1.62 | 1.63 | 不及预期 -0.8% |
2025年12月 调整后（非 GAAP） EPS 1.46美元，分析师一致预期 1.43美元，超预期 +2.4%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 1.07美元。
由 AI 基于本次 SEC 报告整理
EMR grew Q1 FY2026 revenue by 4.1% year-over-year to $4.35B (from $4.18B), suggesting continued demand across its industrial automation and technology segments despite a challenging macro environment.
来源: 10-Q Financial Data, Income Statement
Cost of Revenue rose 4.9% YoY to $2.04B, slightly faster than the 4.1% revenue growth, indicating modest margin compression at the gross level. SG&A expenses grew at a more controlled 1.5% to $1.24B, partially offsetting the cost pressure.
来源: 10-Q Financial Data, Income Statement
Operating cash flow fell 10.0% YoY to $699M from $777M, suggesting working capital headwinds or timing differences in cash collections and payments, which investors should monitor in subsequent quarters.
来源: 10-Q Financial Data, Cash Flow Statement
Current liabilities jumped sharply to $10.52B from $5.96B a year ago, pushing the current ratio below 1.0 to approximately 0.84, indicating short-term obligations now exceed short-term assets and may reflect reclassification of debt or accrued liabilities.
来源: 10-Q Financial Data, Balance Sheet
EMR repurchased only $250M in shares during Q1 FY2026, a 72.2% decline from $899M in the prior-year period, reflecting a more conservative capital allocation stance, possibly to preserve liquidity given the elevated current liabilities.
来源: 10-Q Financial Data, Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
Current liabilities increased 76.6% YoY to $10.52B, resulting in a current ratio of approximately 0.84, meaning EMR's short-term assets do not fully cover its short-term obligations. This could reflect debt maturities, acquisition-related payables, or other near-term financial commitments that may pressure liquidity if not refinanced or resolved.
来源: 10-Q Financial Data, Balance Sheet
Long-term debt grew 15.5% YoY to $7.58B, increasing EMR's financial leverage. Combined with the current liabilities surge, total debt obligations are elevated, which could constrain financial flexibility and increase interest expense in a higher-rate environment.
来源: 10-Q Financial Data, Balance Sheet
Cost of Revenue grew 4.9% YoY, outpacing revenue growth of 4.1%, suggesting input cost pressures or unfavorable product mix are squeezing gross margins. If this trend persists, it could weigh on profitability in future quarters.
来源: 10-Q Financial Data, Income Statement
Operating cash flow declined 10.0% YoY to $699M despite net income growing 3.4% to $605M, indicating a divergence between reported earnings and cash generation. This gap may reflect working capital build-up or other non-cash adjustments that could limit free cash flow available for dividends, buybacks, or debt repayment.
来源: 10-Q Financial Data, Cash Flow Statement
Share buybacks fell 72.2% YoY to $250M, signaling that EMR is pulling back on shareholder returns, likely due to balance sheet pressures. Investors who value consistent capital returns may view this reduction as a negative signal about near-term financial flexibility.
来源: 10-Q Financial Data, Cash Flow Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 43.46 亿美元 | 41.75 亿美元 | +4.10% |
营业成本 亿美元 | 20.35 亿美元 | 19.40 亿美元 | +4.90% |
净利润 亿美元 | 6.05 亿美元 | 5.85 亿美元 | +3.42% |
每股收益（基本） 美元 | 1.08 美元 | 1.03 美元 | +4.85% |
每股收益（稀释） 美元 | 1.07 美元 | 1.02 美元 | +4.90% |
销售及管理费用 亿美元 | 12.42 亿美元 | 12.24 亿美元 | +1.47% |
答案基于本次 SEC 报告与本页数据