At a glance
Rockwell Automation Inc is worth $48.88B, about 57 times its fiscal 2025 earnings. Revenue grew 0.9% to $8.34B in fiscal 2025, with 10.4% kept as profit; over 5 years it has grown 5.7% a year. It pays a 1.25% dividend yield, raised every year for at least 9 years, and returned $4.65B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +21.1% over the past year with dividends reinvested and +6.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 42.4% in the 2020 crash (S&P 500: 33.7%) and 43.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 2 months and 13 months after the lows.
The business in plain English
Rockwell Automation makes the hardware and software that run factories, warehouses and processing plants. It calls itself the world's largest company dedicated to industrial automation. Its brands include ControlLogix and CompactLogix control systems (the industrial computers that tell machines what to do), PowerFlex drives that control motor speed, FactoryTalk and Plex software, and Otto and Clearpath mobile robots. The business traces back to the Allen-Bradley Company, founded in 1903, and Allen-Bradley remains a key brand.
In the fiscal year ended September 30, 2025, revenue was $8.34 billion from three segments. Intelligent Devices, which sells drives, motion-control, safety and sensing products and industrial components, brought in 45%. Software & Control, which covers control hardware, software and network and security equipment, brought in 28.6%. Lifecycle Services, which offers consulting, engineered-to-order projects and recurring services such as cybersecurity and remote monitoring, brought in 26.4%.
Customers include carmakers, battery and semiconductor plants, warehouse operators, food and beverage, life sciences and tire producers, and energy, mining and chemical companies. Their spending on new plants and upgrades drives demand, and a substantial portion of sales goes through distributors. Rockwell sells in more than 100 countries, but North America supplied 63.2% of revenue, ahead of Europe, the Middle East and Africa (17.8%), Asia Pacific (12.3%) and Latin America (6.7%).
Price history
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ROK +21.1% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Products and solutions | $7.36B | 88.3% |
| Services | $978.0M | 11.7% |
By business segment
| Intelligent Devices | $3.76B | 45% |
| Software & Control | $2.38B | 28.6% |
| Lifecycle Services | $2.20B | 26.4% |
By geography
| North America | $5.27B | 63.2% |
| Europe, Middle East, and Africa | $1.49B | 17.8% |
| Asia Pacific | $1.02B | 12.3% |
| Latin America | $560.0M | 6.7% |
Latest results
- In Q3 FY2026 (ended Jun 30, 2026), revenue was $2.31B, up 7.9% from a year earlier, and net income was $408.0M (+38.3%).
- For fiscal 2025, revenue was $8.34B (+0.9% year over year; +5.7% a year from FY2020 to FY2025) with a 10.4% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +5.7% good |
|---|---|
| Operating margin | 20.4% good |
| Free cash flow margin | 16.3% good |
| Return on equity (FY2025) | 23.8% good |
| Return on assets (FY2025) | 7.7% watch |
| Net cash (cash minus debt) | $-2.59B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $6.33B | $1.02B | $1.01B |
| FY2021 | $7.00B | $1.36B | $1.14B |
| FY2022 | $7.76B | $932.2M | $682.0M |
| FY2023 | $9.06B | $1.39B | $1.21B |
| FY2024 | $8.26B | $953.0M | $639.0M |
| FY2025 | $8.34B | $869.0M | $1.36B |
Valuation snapshot
| Market value | $48.88B |
|---|---|
| P/E ratio | 57.4 |
| Dividend yield | 1.25% |
Rank among 1514 US companies
Market value at each year end
Rockwell Automation’s market value went from $17.23B at the end of 2016 to $48.88B on Nov 2, 2026, about 2.8 times as much; since the end of 2025 it is up 12%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $48.88B | +11.8% |
| 2025 | $43.72B | +35.3% |
| 2024 | $32.32B | -9.2% |
| 2023 | $35.60B | +20.4% |
| 2022 | $29.58B | -27.0% |
| 2021 | $40.54B | +39.1% |
| 2020 | $29.13B | +23.7% |
| 2019 | $23.55B | +30.9% |
| 2018 | $17.99B | -28.7% |
| 2017 | $25.23B | +46.4% |
| 2016 | $17.23B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| ROK price data to Nov 2, 2026 | +14.2% | +21.1% | +21.4% | +6.9% | +16.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +14.3% |
| 2025 | +38.4% |
| 2024 | -6.2% |
| 2023 | +22.6% |
| 2022 | -24.8% |
| 2021 | +41.2% |
| 2020 | +26.1% |
| 2019 | +37.9% |
| 2018 | -21.8% |
| 2017 | +48.9% |
| 2016 | +34.5% |
| 2015 | -5.5% |
| 2014 | -3.9% |
| 2013 | +43.7% |
| 2012 | +17.2% |
| 2011 | +4.5% |
| 2010 | +56.1% |
| 2009 | +50.9% |
| 2008 | -52.0% |
| 2007 | +14.9% |
| 2006 | +4.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 73.6% over that stretch · deepest drop along the way 74.7%, back to its old high 20.7 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 39.8% over that stretch · deepest drop along the way 42.4%, back to its old high 2.1 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 32.7% over that stretch · deepest drop along the way 43.8%, back to its old high 12.7 months after the low |
Insider activity
Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 18 sales ($5.2M), 15 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| May 7, 2026 | Terry L. Riesterer Vice President and Controller | sell | $1.3M |
| May 5, 2026 | Christopher Nardecchia SVP, Chief Information Officer | sell (plan) | $627K |
| May 7, 2026 | Terry L. Riesterer Vice President and Controller | sell | $497K |
| Aug 27, 2026 | Patricia A Watson Director | sell | $475K |
| May 20, 2026 | John M Miller VP and Chief IP Counsel | sell (plan) | $298K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 9.1% | Mar 31, 2026 |
| Vanguard Capital Management | 7.47% | Mar 31, 2026 |
| Vanguard Portfolio Management | 5.21% | Mar 31, 2026 |
| T. Rowe Price Associates, Inc. | 4.4% | Jun 30, 2025 |
ETFs with the most weight in ROK
| MAKX ProShares S&P Kensho Smart Factories ETF | 6.58% |
| RSHO Tema American Reshoring ETF | 5.19% |
| GGTL Gabelli Global Technology Leaders ETF | 4.32% |
| MADE iShares U.S. Manufacturing ETF | 2.32% |
| PAVE Global X US Infrastructure Development ETF | 2.25% |
| IBOT Vaneck Robotics ETF | 2.12% |
| GHTA Goose Hollow Tactical Allocation ETF | 1.94% |
| ROBO ROBO Global Robotics & Automation Index ETF | 1.78% |
What could go wrong
- Sales rise and fall with factory spending. Customers buy Rockwell's equipment when they build or upgrade plants and cut those budgets in slowdowns. Revenue fell from $9.06 billion in fiscal 2023 to $8.26 billion in fiscal 2024.
- Distributors can make orders swing. Rockwell relies on distributors for a substantial portion of its sales. When they and their customers cut back on stockpiled inventory, Rockwell's orders can swing, making results harder to predict.
- Cyberattacks on products that run factories. Rockwell's hardware and software control real production lines. A security breach or failure in its products, plants, supply chain or computer systems could disrupt customers, damage its reputation and cost sales.
- Tariffs could raise costs and squeeze profits. New or higher tariffs between the US, Mexico, Canada and China could raise manufacturing and supply costs. Competition and contracts may limit how much Rockwell can pass on through higher prices.
- A crowded field of global rivals. Rivals include Siemens, ABB, Schneider Electric, Emerson, Mitsubishi Electric and Honeywell, plus smaller specialists. Falling behind on technology, price or customer needs could cost Rockwell market share.
- Cost and margin plans may fall short. Rockwell is running programs to cut costs and raise its profit margin (profit per dollar of sales). If they fall short, earnings could disappoint. Net income fell 8.8% in fiscal 2025 while revenue rose 0.9%.
Recent events
- Executive or board change
- Quarterly results released
- Quarterly results released
- Executive or board change
- Executive or board change
- Shareholder vote results
- Quarterly results released
- Major agreement signed; Major agreement ended; New debt or financial obligation
- Quarterly results released
For income and retirement investors
Rockwell has raised its dividend at least nine years in a row through fiscal 2025, and the true streak may be longer. Dividends per share rose from $4.08 in fiscal 2020 to $5.24 in fiscal 2025, about 5.1% a year. In fiscal 2025 the dividend used 68% of earnings and 43.5% of free cash flow (cash left after business investment). The yield was a modest 1.24% as of October 28, 2026. Over fiscal 2021–2025 Rockwell also spent $1.93 billion on buybacks (repurchasing its own shares), and the share count fell 4.3% from October 2021 to June 2026.
The stock has fallen hard in downturns. It dropped 74.7% in the 2008 financial crisis and took about 21 months from the bottom to regain its peak. It fell 42.4% in the 2020 COVID crash, recovering within about two months, and 43.8% in the 2022 bear market, recovering about 13 months later. As a single stock, Rockwell carries more risk than a diversified fund.
Questions investors ask
How does Rockwell Automation make money?
Rockwell makes money selling the hardware, software and services that automate factories and plants. In the fiscal year ended September 30, 2025, revenue was $8.34 billion. The Intelligent Devices segment, which sells drives, safety and sensing products, brought in 45%. Software & Control, including control systems and network gear, brought in 28.6%. Lifecycle Services, such as consulting and remote monitoring, brought in 26.4%. Customers range from carmakers and chip plants to food, energy and mining companies, and a substantial portion of sales goes through distributors.
Does Rockwell Automation raise its dividend every year?
Yes. Rockwell has raised its dividend at least nine fiscal years in a row through fiscal 2025, and the true streak may be longer. Dividends per share rose from $4.08 in fiscal 2020 to $5.24 in fiscal 2025, about 5.1% a year. The fiscal 2025 dividend used 68% of earnings and 43.5% of free cash flow. The yield was 1.24% as of October 28, 2026. Past increases do not guarantee future ones.
Is Rockwell Automation stock volatile?
Yes, it tends to swing more than the broad market. Its beta, a measure of how much a stock moves relative to the market, was 1.33 for the year to October 28, 2026. The shares lost about 52.0% in calendar 2008, 24.8% in 2022 and 21.8% in 2018, and the deepest drop from a peak in about 21 years of price history was 75.8%. Big gains have also been common, such as 41.2% in 2021 and 38.4% in 2025.
Who are Rockwell Automation's main competitors?
Rockwell's annual report for fiscal 2025 names Siemens, ABB, Schneider Electric, Emerson Electric, Mitsubishi Electric, Honeywell and Dassault Systemes as major competitors. It also competes with smaller companies that offer narrower product lines. Some rivals are large, diversified firms with businesses outside industrial automation. Rockwell says competition turns on product breadth, technology, industry expertise, installed base (equipment already in customers' plants), partner network, global reach and price.
What is Rockwell Automation's P/E ratio?
Rockwell's price-to-earnings (P/E) ratio was 57.9 as of October 28, 2026, based on fiscal 2025 earnings of $7.67 per share. In other words, buyers were paying about $58 for each dollar of those earnings. The ratio looks high partly because fiscal 2025 earnings were well below the $11.95 per share earned in fiscal 2023. Later results were stronger: in the quarter ended June 30, 2026, net income rose 38.3% from a year earlier. The company's market value was about $49.3 billion.