ROKRockwell Automation

$431.82

Is the business good?

How good a business is ROK?

Rockwell Automation earns 26% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

26%

Return on invested capital · cost of capital 9.0% · 17 points above what the capital costs: growth creates value

Operating margin
23%

Operating margin · Specialty Industrial Machinery median 15% · 12 months to Q3 2026

Cash conversion
1.25×

Cash conversion · 1.36× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−1.2%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202321%
FY202419%
FY202520%
Details
Gross margin12 months to Q3 2026
49%
Operating margin12 months to Q3 2026
23%
Net margin12 months to Q3 2026
13%
Free cash flow margin
17%
R&D as % of revenue
8.0%
Revenue, trailing twelve months
$8.97B
Free cash flow, trailing twelve months
$1.50B
Net income, trailing twelve months
$1.20B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
26%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.