Recent News
On April 20 the company demonstrated an AI‑orchestrated factory system design at Hannover Messe; on June 22 Rockwell launched FactoryTalk Orchestration at Automate and highlighted modernization work with a beverage distillery; the company presented at investor conferences in June discussing product commercialization and partner ecosystem developments.
Technical Analysis
ADX registers 12.65, indicating no established trend; directional readings show DI+ at 23.71 with a peak‑and‑reversal (bearish) and DI‑ at 26.07 increasing (bearish), producing a seller‑biased directional posture despite weak trend strength.
MACD sits at 3.66 and trends downward while trading below its signal line (6.01), signaling weakening bullish momentum and favoring near‑term negative momentum pressure relative to the recent upmove.
MRO reads 16.25 and trends lower, indicating the market price currently sits above model target and carries a higher probability of downward mean reversion; RSI at 52.14 and declining places momentum near neutral but cooling, supporting the MACD‑derived momentum warning.
Price closed at $468.67, below the 20‑day average ($473.18) and the 12‑day EMA (price12dayEMA trend decreasing), yet above the 50‑day ($459.68) and well above the 200‑day ($402.98). Bollinger 1σ bands sit roughly $462–$484 and the superTrend lower support appears near $459.56, framing a consolidation band inside a longer‑term bullish range; 42‑day beta at 1.82 signals elevated short‑term volatility relative to the market.
Fundamental Analysis
Profitability and margins support a premium valuation. EBIT of $374,000,000 and EBITDA of $452,000,000 yield an EBIT margin of 17.77%. That EBIT margin sits below the industry peer mean (19.13%) and median (20.50%) while remaining well above the industry peer low and within the peer high bound (27.29%).
Earnings and cash metrics: EPS came in at $3.30 versus an estimate of $2.88, producing an EPS surprise of 14.58%. Net income totaled $305,000,000. Operating cash flow reached $234,000,000 and free cash flow $170,000,000, producing a free cash flow yield of 0.38%, below the industry peer mean (0.87%) and median (0.77%) despite a cash‑to‑earnings conversion ratio of 135.74% that indicates earnings quality in cash terms.
Growth and efficiency: YoY revenue growth measured 20.04% while recent quarter‑to‑quarter revenue showed a contraction; asset turnover sits at 0.188 with modest year‑over‑year improvement. Return on equity near 8.14% and return on assets near 2.72% provide positive but moderate returns on capital employed.
Valuation profile drives the WMDST view. P/E stands at 145.38, above the industry peer mean (100.19) and median (95.80) but below the peer high (155.62). Price‑to‑book registers 11.99, materially above the industry peer mean (3.93), median (3.88), and peer high (7.31). Price‑to‑sales at 21.34 sits above the peer mean (17.26) and median (18.09). Free cash flow yield remains low and trending down YoY, while margins and an EPS beat provide some support for a premium; the current valuation as determined by WMDST: over‑valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-05-05 |
| NEXT REPORT DATE: | 2026-08-04 |
| CASH FLOW | Begin Period Cash Flow | $ 468.0 M |
| Operating Cash Flow | $ 234.0 M | |
| Capital Expenditures | $ -64.00 M | |
| Change In Working Capital | $ -171.00 M | |
| Dividends Paid | $ -156.00 M | |
| Cash Flow Delta | $ -24.00 M | |
| End Period Cash Flow | $ 444.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.1 B | |
| Forward Revenue | $ 666.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.1 B | |
| Depreciation | $ 44.0 M | |
| Depreciation and Amortization | $ 78.0 M | |
| Research and Development | $ 172.0 M | |
| Total Operating Expenses | $ 1.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.0 B | |
| EBITDA | $ 452.0 M | |
| EBIT | $ 374.0 M | |
| Operating Income | $ 366.0 M | |
| Interest Income | $ 3.0 M | |
| Interest Expense | $ 32.0 M | |
| Net Interest Income | $ -29.00 M | |
| Income Before Tax | $ 342.0 M | |
| Tax Provision | $ 40.0 M | |
| Tax Rate | 11.696 % | |
| Net Income | $ 305.0 M | |
| Net Income From Continuing Operations | $ 302.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.88 | |
| EPS Actual | $ 3.30 | |
| EPS Difference | $ 0.42 | |
| EPS Surprise | 14.583 % | |
| Forward EPS | $ 3.44 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.2 B | |
| Intangible Assets | $ 4.6 B | |
| Net Tangible Assets | $ -881.00 M | |
| Total Current Assets | $ 4.0 B | |
| Cash and Short-Term Investments | $ 444.0 M | |
| Cash | $ 444.0 M | |
| Net Receivables | $ 1.8 B | |
| Inventory | $ 1.2 B | |
| Long-Term Investments | $ 825.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 774.0 M | |
| Short-Term Debt | $ 826.0 M | |
| Total Current Liabilities | $ 3.5 B | |
| Net Debt | $ 3.0 B | |
| Total Debt | $ 3.8 B | |
| Total Liabilities | $ 7.4 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 5.6 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 33.34 | |
| Shares Outstanding | 112.358 M | |
| Revenue Per-Share | $ 18.73 | |
| VALUATION | Market Capitalization | $ 44.9 B |
| Enterprise Value | $ 48.2 B | |
| Enterprise Multiple | 106.747 | |
| Enterprise Multiple QoQ | -53.271 % | |
| Enterprise Multiple YoY | 9.484 % | |
| Enterprise Multiple IPRWA | ROK: 106.747 high: 81.749 median: 72.625 mean: 70.582 low: -66.921 |
|
| EV/R | 22.921 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.998 | |
| Asset To Liability | 1.511 | |
| Debt To Capital | 0.502 | |
| Debt To Assets | 0.336 | |
| Debt To Assets QoQ | 3.356 % | |
| Debt To Assets YoY | 250.527 % | |
| Debt To Assets IPRWA | high: 0.556 ROK: 0.336 median: 0.332 mean: 0.258 low: 0.002 |
|
| Debt To Equity | 1.007 | |
| Debt To Equity QoQ | 0.915 % | |
| Debt To Equity YoY | 225.011 % | |
| Debt To Equity IPRWA | high: 1.057 ROK: 1.007 median: 0.686 mean: 0.51 low: -0.025 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 11.992 | |
| Price To Book QoQ | 12.117 % | |
| Price To Book YoY | 28.467 % | |
| Price To Book IPRWA | ROK: 11.992 high: 7.309 mean: 3.932 median: 3.877 low: -1.578 |
|
| Price To Earnings (P/E) | 145.382 | |
| Price To Earnings QoQ | 39.694 % | |
| Price To Earnings YoY | -4.792 % | |
| Price To Earnings IPRWA | high: 155.616 ROK: 145.382 mean: 100.194 median: 95.804 low: -59.489 |
|
| PE/G Ratio | 1.176 | |
| Price To Sales (P/S) | 21.34 | |
| Price To Sales QoQ | 26.461 % | |
| Price To Sales YoY | 27.039 % | |
| Price To Sales IPRWA | high: 30.036 ROK: 21.34 median: 18.088 mean: 17.262 low: 0.291 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 110.516 | |
| Forward PE/G | 0.894 | |
| Forward P/S | 67.45 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -30.075 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.188 | |
| Asset Turnover Ratio QoQ | -9.256 % | |
| Asset Turnover Ratio YoY | 10.552 % | |
| Asset Turnover Ratio IPRWA | high: 0.367 ROK: 0.188 mean: 0.147 median: 0.124 low: 0.004 |
|
| Receivables Turnover | 1.137 | |
| Receivables Turnover Ratio QoQ | -6.804 % | |
| Receivables Turnover Ratio YoY | 5.05 % | |
| Receivables Turnover Ratio IPRWA | high: 2.952 mean: 1.737 median: 1.715 ROK: 1.137 low: 0.513 |
|
| Inventory Turnover | 0.884 | |
| Inventory Turnover Ratio QoQ | 55.998 % | |
| Inventory Turnover Ratio YoY | -3.673 % | |
| Inventory Turnover Ratio IPRWA | high: 2.152 mean: 0.986 median: 0.891 ROK: 0.884 low: 0.204 |
|
| Days Sales Outstanding (DSO) | 80.283 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 129.323 | |
| Cash Conversion Cycle Days QoQ | 27.932 % | |
| Cash Conversion Cycle Days YoY | 11.489 % | |
| Cash Conversion Cycle Days IPRWA | high: 342.062 ROK: 129.323 median: 99.751 mean: 94.645 low: -9.339 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.92 | |
| CapEx To Revenue | -0.03 | |
| CapEx To Depreciation | -1.455 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.3 B | |
| Net Invested Capital | $ 7.1 B | |
| Invested Capital | $ 7.1 B | |
| Net Tangible Assets | $ -881.00 M | |
| Net Working Capital | $ 537.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.129 | |
| Current Ratio | 1.156 | |
| Current Ratio QoQ | 1.787 % | |
| Current Ratio YoY | 7.17 % | |
| Current Ratio IPRWA | high: 12.516 mean: 1.437 ROK: 1.156 median: 1.062 low: 0.527 |
|
| Quick Ratio | 0.803 | |
| Quick Ratio QoQ | 3.806 % | |
| Quick Ratio YoY | 10.988 % | |
| Quick Ratio IPRWA | high: 10.539 mean: 0.963 ROK: 0.803 median: 0.673 low: 0.513 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 8.347 | |
| Cost Of Debt | 0.762 % | |
| Interest Coverage Ratio | 11.688 | |
| Interest Coverage Ratio QoQ | 332.438 % | |
| Interest Coverage Ratio YoY | 80.878 % | |
| Interest Coverage Ratio IPRWA | high: 21.707 mean: 12.228 ROK: 11.688 median: 7.681 low: -37.803 |
|
| Operating Cash Flow Ratio | 0.12 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 109.809 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.955 | |
| Dividend Payout Ratio | 0.511 | |
| Dividend Rate | $ 1.39 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.098 % | |
| Revenue Growth | -9.111 % | |
| Revenue Growth QoQ | -213.575 % | |
| Revenue Growth YoY | 20.04 % | |
| Revenue Growth IPRWA | high: 33.477 % mean: -3.188 % median: -5.409 % ROK: -9.111 % low: -53.48 % |
|
| Earnings Growth | 123.577 % | |
| Earnings Growth QoQ | 570.157 % | |
| Earnings Growth YoY | -576.929 % | |
| Earnings Growth IPRWA | high: 137.864 % ROK: 123.577 % mean: -0.698 % median: -9.808 % low: -93.333 % |
|
| MARGINS | ||
| Gross Margin | 48.266 % | |
| Gross Margin QoQ | -30.483 % | |
| Gross Margin YoY | 25.745 % | |
| Gross Margin IPRWA | high: 67.596 % ROK: 48.266 % mean: 43.308 % median: 42.132 % low: -20.898 % |
|
| EBIT Margin | 17.767 % | |
| EBIT Margin QoQ | 311.464 % | |
| EBIT Margin YoY | 32.619 % | |
| EBIT Margin IPRWA | high: 27.289 % median: 20.502 % mean: 19.131 % ROK: 17.767 % low: -50.815 % |
|
| Return On Sales (ROS) | 17.387 % | |
| Return On Sales QoQ | -12.076 % | |
| Return On Sales YoY | 29.783 % | |
| Return On Sales IPRWA | high: 27.289 % median: 19.88 % mean: 18.982 % ROK: 17.387 % low: -109.381 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 170.0 M | |
| Free Cash Flow Yield | 0.378 % | |
| Free Cash Flow Yield QoQ | -63.514 % | |
| Free Cash Flow Yield YoY | -59.223 % | |
| Free Cash Flow Yield IPRWA | high: 3.828 % mean: 0.87 % median: 0.766 % ROK: 0.378 % low: -15.768 % |
|
| Free Cash Growth | -58.025 % | |
| Free Cash Growth QoQ | 237.787 % | |
| Free Cash Growth YoY | 186.543 % | |
| Free Cash Growth IPRWA | high: 351.098 % mean: -12.193 % median: -28.504 % ROK: -58.025 % low: -318.157 % |
|
| Free Cash To Net Income | 0.557 | |
| Cash Flow Margin | 19.667 % | |
| Cash Flow To Earnings | 1.357 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.717 % | |
| Return On Assets QoQ | 120.715 % | |
| Return On Assets YoY | 63.773 % | |
| Return On Assets IPRWA | high: 6.193 % ROK: 2.717 % mean: 1.932 % median: 1.843 % low: -24.156 % |
|
| Return On Capital Employed (ROCE) | 4.808 % | |
| Return On Equity (ROE) | 0.081 | |
| Return On Equity QoQ | 115.568 % | |
| Return On Equity YoY | 49.779 % | |
| Return On Equity IPRWA | high: 0.236 ROK: 0.081 mean: 0.036 median: 0.03 low: -0.087 |
|
| DuPont ROE | 8.243 % | |
| Return On Invested Capital (ROIC) | 4.622 % | |
| Return On Invested Capital QoQ | 302.263 % | |
| Return On Invested Capital YoY | -87.319 % | |
| Return On Invested Capital IPRWA | high: 5.302 % ROK: 4.622 % mean: 2.721 % median: 2.701 % low: -14.79 % |
|