NYSE · Industrials

Rockwell Automation, Inc.

ROK · Specialty Industrial Machinery

$402.02

▼ -5.41 (-1.33%)

Data cached · refreshes every 10 min

Mr. Market is currently offering Rockwell Automation, Inc. at $402.02.

The business passes only 3 of 7 of Graham's defensive criteria — well below his required standard.

Overall Grade

Defensive

Enterprising

Profitability B

Gross Profit Margin 48.1%

Operating Margin 17.1%

Net Income Margin 10.4%

Fin. Health C

Years to Pay Off Debt 4.2 yrs

Working Capital vs Long-Term Debt -$2.1B

Working Capital $466M

Valuation F

Margin of Safety 0.0%

Price-to-Book 12.36x

Cash Flow B

Free Cash Flow $1.4B

CapEx % of Net Income 21.4%

Owner Earnings $1.4B

3/7

Graham Score

Speculative

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Market Data

Market Cap $45.2B

Enterprise Value $49.2B

P/E (TTM) 45.89

Dividend Yield 1.30%

Exchange NYSE

Key Margins

Gross Profit 48.1%

Operating Margin 17.1%

Net Margin 10.4%

Company Info

Sector Industrials

Industry Specialty Industrial Machinery

Employees 26000

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Rockwell Automation, Inc. at $402.02.

The business passes only 3 of 7 of Graham's defensive criteria — well below his required standard.

At $402.02, the stock trades at a 437% premium to its Graham Number of $74.92. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign..

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

About Rockwell Automation, Inc.

Rockwell Automation, Inc., together with its subsidiaries, provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates in three segments: Intelligent Devices, Software & Control, and Lifecycle Services. The company offers drives, motion, advanced material handling, safety, sensing, industrial components, hardware, software, and configured-to-order products; and control and visualization software and hardware, digital twin, simulation and information software, network and security infrastructure, and custom-engineered systems. It also provides digital consulting, professional services, engineered-to-order solutions, recurring services, cybersecurity, safety, remote monitoring, customer technical support and repair, asset management and optimization consulting, and training, as well as spare parts. The company sells its products through independent distributors in relation to its direct sales force. It serves discrete end markets, including automotive, semiconductor, e-commerce, and warehouse automation; hybrid end markets, such as food and beverage, life sciences, and tire; and process end markets comprising energy, mining, and chemicals. The company was formerly known as Rockwell International Corporation and changed its name to Rockwell Automation, Inc. in February 2002. Rockwell Automation, Inc. was founded in 1903 and is headquartered in Milwaukee, Wisconsin.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022	2021
Gross Profit %	48.1% ▲	46.6%	48.8%	40.0%	N/A
Operating Margin %	17.1% ▲	14.4%	18.7%	17.2%	N/A
Net Income %	10.4% ▼	11.5%	15.3%	12.0%	N/A
Diluted EPS	7.67 ▼	8.28	11.95	7.97	N/A

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$11.2B	$11.2B	$11.3B	$10.8B	N/A
Total Debt	$3.6B ↓	$4.1B	$3.3B	$4.2B	N/A
Working Capital	$466M ▲	$277M	$1.5B	$38M	N/A
Years to Pay Debt	4.20	4.29	2.40	4.49	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	$1.4B ▲	$639M	$1.2B	$682M	N/A
Owner Earnings	$1.4B	$1.5B	$1.8B	$1.3B	N/A
CapEx % of Net Income	21.4%	23.6%	11.6%	15.1%	N/A

Income Statement

	2025	2024	2023	2022	2021
Tax Effect Of Unusual Items	-40,305	4,284	24,805	-19,714
Tax Rate For Calcs	0	0	0	0
Normalized EBITDA	1,618,000	1,540,000	1,872,000	1,572,600
Total Unusual Items	-220,000	31,000	121,000	-136,900
Total Unusual Items Excluding Goodwill	-220,000	31,000	121,000	-136,900
Net Income From Continuing Operation Net Minority Interest	869,000	953,000	1,387,000	932,200
Reconciled Depreciation	325,000	317,000	250,000	238,900
Reconciled Cost Of Revenue	4,326,000	4,413,000	4,635,000	4,658,400
EBITDA	1,398,000	1,571,000	1,993,000	1,435,700
EBIT	1,073,000	1,254,000	1,743,000	1,196,800
Net Interest Income	-143,000	-139,000	-125,000	-118,800
Interest Expense	156,000	154,000	135,000	123,200
Interest Income	13,000	15,000	10,000	4,400
Normalized Income	1,048,695	926,284	1,290,805	1,049,386
Net Income From Continuing And Discontinued Operation	869,000	953,000	1,387,000	932,200
Total Expenses	6,919,000	7,072,000	7,365,000	6,425,100
Diluted Average Shares	113,100	114,500	115,600	116,700
Basic Average Shares	112,434	113,067	114,800	115,200
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	867,000	948,000	1,381,000	929,300
Net Income Common Stockholders	867,000	948,000	1,381,000	929,300
Otherunder Preferred Stock Dividend	2,000	5,000	6,000	2,900
Net Income	869,000	953,000	1,387,000	932,200
Minority Interests	120,000	5,000	109,000	13,100
Net Income Including Noncontrolling Interests	749,000	948,000	1,278,000	919,100
Net Income Continuous Operations	749,000	948,000	1,278,000	919,100
Tax Provision	168,000	152,000	330,000	154,500
Pretax Income	917,000	1,100,000	1,608,000	1,073,600
Other Income Expense	-363,000	47,000	40,000	-142,900
Other Non Operating Income Expenses	-143,000	16,000	-81,000	-6,000
Special Income Charges	-217,000	31,000	-158,000	0
Other Special Charges		-30,700			-70,000
Impairment Of Capital Assets	224,000	0	158,000	0
Restructuring And Mergern Acquisition	-7,000	-31,000	0
Gain On Sale Of Security	-3,000	100	279,000	-136,900
Net Non Operating Interest Income Expense	-143,000	-139,000	-125,000	-118,800
Interest Expense Non Operating	156,000	154,000	135,000	123,200
Interest Income Non Operating	13,000	15,000	10,000	4,400
Operating Income	1,423,000	1,192,000	1,693,000	1,335,300
Operating Expense	2,593,000	2,659,000	2,730,000	1,766,700
Research And Development	679,000	658,000	706,000
Selling General And Administration	1,914,000	2,001,000	2,024,000	1,766,700
Gross Profit	4,016,000	3,851,000	4,423,000	3,102,000
Cost Of Revenue	4,326,000	4,413,000	4,635,000	4,658,400
Total Revenue	8,342,000	8,264,000	9,058,000	7,760,400
Operating Revenue	8,342,000	8,264,000	9,058,000	7,760,400

Balance Sheet

	2025	2024	2023	2022	2021
Treasury Shares Number	29,000	68,300	66,600	66,200
Ordinary Shares Number	112,434	113,067	114,800	115,200
Share Issued	141,434	181,367	181,400	181,400
Net Debt	2,756,000	3,168,000	1,894,400	3,345,500
Total Debt	3,647,000	4,085,000	3,334,900	4,183,000
Tangible Book Value	-1,049,000	-1,561,000	-820,000	-1,700,400
Invested Capital	6,878,000	7,137,000	6,527,800	6,561,800
Working Capital	466,000	277,000	1,545,500	38,500
Net Tangible Assets	-1,049,000	-1,561,000	-820,000	-1,700,400
Capital Lease Obligations	423,000	446,000	368,700	346,800
Common Stock Equity	3,654,000	3,498,000	3,561,600	2,725,600
Total Capitalization	6,268,000	6,059,000	6,424,500	5,593,400
Total Equity Gross Minority Interest	3,711,000	3,675,000	3,743,400	3,016,700
Minority Interest	57,000	177,000	181,800	291,100
Stockholders Equity	3,654,000	3,498,000	3,561,600	2,725,600
Gains Losses Not Affecting Retained Earnings	-657,000	-772,000	-790,100	-917,500
Other Equity Adjustments	-657,000	-772,000	-790,100	-917,500
Treasury Stock	3,535,000	7,734,000	7,187,400	6,957,200
Retained Earnings	5,422,000	9,635,000	9,255,200	8,411,800
Additional Paid In Capital	2,283,000	2,188,000	2,102,500	2,007,100
Capital Stock	141,000	181,000	181,400	181,400
Common Stock	141,000	181,000	181,400	181,400
Total Liabilities Net Minority Interest	7,508,000	7,557,000	7,560,600	7,742,000
Total Non Current Liabilities Net Minority Interest	4,063,000	3,953,000	4,195,300	4,169,800
Other Non Current Liabilities	714,000	487,000	543,500	567,300
Employee Benefits	406,000	549,000	503,600	471,200
Non Current Pension And Other Postretirement Benefit Plans	406,000	549,000	503,600	471,200
Long Term Debt And Capital Lease Obligation	2,943,000	2,917,000	3,148,200	3,131,300
Long Term Capital Lease Obligation	329,000	356,000	285,300	263,500
Long Term Debt	2,614,000	2,561,000	2,862,900	2,867,800
Current Liabilities	3,445,000	3,604,000	3,365,300	3,572,200
Other Current Liabilities	150,000	152,000	141,600	138,400
Current Deferred Liabilities	621,000	584,000	592,500	507,000
Current Deferred Revenue	621,000	584,000	592,500	507,000
Current Debt And Capital Lease Obligation	704,000	1,168,000	186,700	1,051,700
Current Capital Lease Obligation	94,000	90,000	83,400	83,300
Current Debt	610,000	1,078,000	103,300	968,400
Other Current Borrowings	18,000	351,000	103,300	651,400
Line Of Credit	70,000	70,000	70,000
Commercial Paper	522,000	657,000		317,000
Pensionand Other Post Retirement Benefit Plans Current	432,000	259,000	499,900	292,700
Current Provisions	370,000	371,000	470,300	389,600
Payables And Accrued Expenses	1,168,000	1,070,000	1,474,300	1,192,800
Current Accrued Expenses	20,000	18,000	18,600	18,100
Interest Payable	20,000	18,000	18,600	18,100
Payables	1,148,000	1,052,000	1,455,700	1,174,700
Total Tax Payable	218,000	192,000	305,500	146,700
Income Tax Payable	163,000	139,000	248,600	81,100
Accounts Payable	930,000	860,000	1,150,200	1,028,000
Total Assets	11,219,000	11,232,000	11,304,000	10,758,700
Total Non Current Assets	7,308,000	7,351,000	6,393,200	7,148,000
Other Non Current Assets	809,000	575,000	361,600	374,200
Non Current Deferred Assets	596,000	517,000	459,300	384,300
Non Current Deferred Taxes Assets	596,000	517,000	459,300	384,300
Investments And Advances		168,700	157,100	1,056,000	1,363,500
Goodwill And Other Intangible Assets	4,703,000	5,059,000	4,381,600	4,426,000
Other Intangible Assets	864,000	1,066,000	852,400	902,000
Goodwill	3,839,000	3,993,000	3,529,200	3,524,000
Net PPE	1,200,000	1,200,000	1,033,600	907,500
Accumulated Depreciation	-1,997,000	-1,861,000	-1,828,300	-1,702,300
Gross PPE	3,197,000	3,061,000	2,861,900	2,609,800
Construction In Progress	130,000	178,000	191,700	142,900
Other Properties	403,000	423,000	349,400	321,000
Machinery Furniture Equipment	2,169,000	1,991,000	1,882,100	1,742,300
Buildings And Improvements	490,000	464,000	434,100	399,000
Land And Improvements	5,000	5,000	4,600	4,600
Current Assets	3,911,000	3,881,000	4,910,800	3,610,700
Other Current Assets	265,000	315,000	266,700	329,100
Inventory	1,247,000	1,293,000	1,404,900	1,054,200
Finished Goods	502,000	475,000	545,900	325,000
Work In Process	331,000	344,000	395,700	317,300
Raw Materials	414,000	474,000	463,300	411,900
Receivables	1,931,000	1,802,000	2,167,400	1,736,700
Accounts Receivable	1,931,000	1,802,000	2,167,400	1,736,700
Allowance For Doubtful Accounts Receivable	-21,000	-22,000	-16,800	-13,100
Gross Accounts Receivable	1,952,000	1,824,000	2,184,200	1,749,800
Cash Cash Equivalents And Short Term Investments	468,000	471,000	1,071,800	490,700
Cash And Cash Equivalents	468,000	471,000	1,071,800	490,700

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	1,358,000	639,000	1,213,000	682,000
Repurchase Of Capital Stock	-425,000	-595,000	-312,000	-301,300
Repayment Of Debt	-937,000	0	-876,000	-210,000
Issuance Of Debt	527,000	674,000	0	59,600
Capital Expenditure	-186,000	-225,000	-161,000	-141,100
End Cash Position	468,000	471,000	1,080,000	507,900
Beginning Cash Position	471,000	1,080,000	508,000	679,400
Effect Of Exchange Rate Changes	4,000	12,000	20,000	-52,600
Changes In Cash	-7,000	-621,000	552,000	-118,900
Financing Cash Flow	-1,335,000	-503,000	-1,676,000	-934,200
Cash Flow From Continuing Financing Activities	-1,335,000	-503,000	-1,676,000	-934,200
Net Other Financing Charges	-10,000	-50,000	-35,000	-21,000
Proceeds From Stock Option Exercised	101,000	39,000	89,000	57,900
Cash Dividends Paid	-591,000	-571,000	-542,000	-519,400
Common Stock Dividend Paid	-591,000	-571,000	-542,000	-519,400
Net Common Stock Issuance	-425,000	-595,000	-312,000	-301,300
Common Stock Payments	-425,000	-595,000	-312,000	-301,300
Net Issuance Payments Of Debt	-410,000	674,000	-876,000	-150,400
Net Short Term Debt Issuance	-121,000	674,000	-276,000	-150,400
Short Term Debt Payments	-634,000	0	-276,000	-210,000
Short Term Debt Issuance	513,000	674,000	0	59,600
Net Long Term Debt Issuance	-289,000	0	-600,000	0
Long Term Debt Payments	-303,000	0	-600,000	0
Long Term Debt Issuance	14,000	0	0	0
Investing Cash Flow	-216,000	-982,000	854,000	-7,800
Cash Flow From Continuing Investing Activities	-216,000	-982,000	854,000	-7,800
Net Other Investing Changes	-16,000	2,000	-100	-500
Net Investment Purchase And Sale	-14,000	-10,000	1,183,000	150,400
Sale Of Investment	0	0	1,210,000	210,200
Purchase Of Investment	-14,000	-10,000	-27,000	-59,800
Net Business Purchase And Sale	0	-749,000	-168,000	-16,600
Purchase Of Business	0	-749,000	-168,000	-16,600
Net PPE Purchase And Sale				600	400
Sale Of PPE				600	400
Capital Expenditure Reported	-186,000	-225,000	-161,000	-141,100
Operating Cash Flow	1,544,000	864,000	1,374,000	823,100
Cash Flow From Continuing Operating Activities	1,544,000	864,000	1,374,000	823,100
Change In Working Capital	213,000	-424,000	-122,000	-529,700
Change In Other Working Capital	222,000	-670,000	473,000	6,700
Change In Payables And Accrued Expense	53,000	-291,000	70,000	172,000
Change In Payable	53,000	-291,000	70,000	172,000
Change In Account Payable	53,000	-291,000	70,000	172,000
Change In Inventory	55,000	132,000	-296,000	-292,800
Change In Receivables	-117,000	405,000	-369,000	-415,600
Other Non Cash Items	91,000		-25,900	-53,600	-63,800
Stock Based Compensation	85,000	100,000	88,000	68,100
Unrealized Gain Loss On Investment Securities	3,000	0	-279,000	136,900
Asset Impairment Charge	224,000	0	158,000	0
Deferred Tax	-114,000	-68,000	-100,000	-33,600
Deferred Income Tax	-114,000	-68,000	-100,000	-33,600
Depreciation Amortization Depletion	325,000	317,000	250,000	238,900
Depreciation And Amortization	325,000	317,000	250,000	238,900
Amortization Cash Flow	152,000	155,000	116,000	112,300
Amortization Of Intangibles	152,000	155,000	116,000	112,300
Depreciation	173,000	162,000	134,000	126,600
Operating Gains Losses	-32,000	-9,000	101,000	23,400
Pension And Employee Benefit Expense	-45,000	-9,000	100,000	22,800
Gain Loss On Investment Securities					-28,000
Gain Loss On Sale Of PPE	13,000	0	1,000	600
Net Income From Continuing Operations	749,000	948,000	1,278,000	919,100

These metrics estimate what Rockwell Automation, Inc. is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

$74.92

Margin of Safety

Market Cap ÷ Company Value

1.69

P/B Ratio

12.36

Warren's Owner Earnings

$1.4B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

3/7 — Speculative Investor

✅ Adequate Size

$8.3B

vs > $1.5B revenue

❌ Strong Financial Condition

1.14x

vs Current Ratio > 2.0x

✅ Earnings Stability

No loss years (4 yrs data)

vs No negative EPS years

✅ Dividend Record

1.30%

vs Uninterrupted dividends

❌ Earnings Growth

-3.8% EPS growth

vs > 33% EPS growth

❌ Moderate P/E Ratio

45.9x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

12.36x P/B (P/E×P/B: 567.3)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

$-32.01

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign.

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

$140.72

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	21.4%	23.6%	11.6%	15.1%	N/A
Repurchase of Capital Stock	-$425M	-$595M	-$312M	-$301M	N/A
Free Cash Flow	$1.4B ▲	$639M ▼	$1.2B ▲	$682M •	N/A •
Warren's Owner Earnings	$1.4B	$1.5B	$1.8B	$1.3B	N/A

Peers & Industry

No auto-detected peers for Specialty Industrial Machinery. You can manually compare ROK against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.20%

Low — management has little skin in the game

Return on Equity (ROE)

23.8%

Excellent — management generates strong returns on equity

Return on Assets (ROA)

7.7%

Strong — management uses assets efficiently

Share Buybacks (Latest Year)

$425M

Management is returning capital to shareholders via buybacks

Debt Trend YoY

-10.7% YoY

Debt is declining — management is deleveraging

Leadership Team

Blake Moret

President, Chairman & CEO

Age 62

Pay: $2,997,843

0.345% of net income

Christian Rothe CPA

Senior VP & CFO

Age 51

Pay: $1,837,739

0.211% of net income

Matthew Fordenwalt

Senior Vice President of Lifecycle Services

Age 49

Pay: $1,094,874

0.126% of net income

Sharon Van Zeeland

Vice President of Strategy & Corporate Development

Age 57

Top Institutional Holders

Institution	% Owned	Shares
Vanguard Group Inc	12.64%	14,206,311
Blackrock Inc.	9.32%	10,472,629
State Street Corporation	4.45%	4,996,130
Geode Capital Management, LLC	2.60%	2,924,501
Morgan Stanley	2.60%	2,921,840
Goldman Sachs Group Inc	1.88%	2,110,729
UBS Group AG	1.45%	1,626,661
NORGES BANK	1.41%	1,582,224

Risk Analysis

Beta (Market Risk)

1.56

High volatility — moves more than the market

Short Interest

3.3% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

0.99x

Conservative balance sheet — low financial risk

Current Ratio

1.16x

Adequate liquidity

52-Week Price Range

Low: $250.32 Current: $402.02 High: $438.72

Currently at 81% of 52-week range

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