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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Emerson Electric (EMR). Click either name above to swap in a different company.

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $4.3B, roughly 1.9× Emerson Electric). Emerson Electric runs the higher net margin — 13.9% vs 6.4%, a 7.5% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 4.1%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs -0.3%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.

ATHS vs EMR — Head-to-Head

Bigger by revenue
ATHS
ATHS
1.9× larger
ATHS
$8.1B
$4.3B
EMR
Growing faster (revenue YoY)
ATHS
ATHS
+111.0% gap
ATHS
115.1%
4.1%
EMR
Higher net margin
EMR
EMR
7.5% more per $
EMR
13.9%
6.4%
ATHS
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
-0.3%
EMR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATHS
ATHS
EMR
EMR
Revenue
$8.1B
$4.3B
Net Profit
$523.0M
$605.0M
Gross Margin
53.2%
Operating Margin
16.9%
17.8%
Net Margin
6.4%
13.9%
Revenue YoY
115.1%
4.1%
Net Profit YoY
-48.5%
3.4%
EPS (diluted)
$1.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
EMR
EMR
Q4 25
$8.1B
$4.3B
Q3 25
$8.0B
$4.9B
Q2 25
$5.4B
$4.6B
Q1 25
$4.2B
$4.4B
Q4 24
$3.8B
$4.2B
Q3 24
$6.5B
$4.6B
Q2 24
$4.7B
$4.4B
Q1 24
$5.7B
$4.4B
Net Profit
ATHS
ATHS
EMR
EMR
Q4 25
$523.0M
$605.0M
Q3 25
$1.3B
$637.0M
Q2 25
$464.0M
$586.0M
Q1 25
$465.0M
$485.0M
Q4 24
$1.0B
$585.0M
Q3 24
$625.0M
$996.0M
Q2 24
$629.0M
$329.0M
Q1 24
$1.2B
$501.0M
Gross Margin
ATHS
ATHS
EMR
EMR
Q4 25
53.2%
Q3 25
51.9%
Q2 25
52.6%
Q1 25
53.5%
Q4 24
53.5%
Q3 24
51.3%
Q2 24
52.8%
Q1 24
52.2%
Operating Margin
ATHS
ATHS
EMR
EMR
Q4 25
16.9%
17.8%
Q3 25
26.8%
16.4%
Q2 25
12.2%
16.1%
Q1 25
22.3%
14.2%
Q4 24
30.4%
18.6%
Q3 24
25.7%
14.7%
Q2 24
22.0%
10.4%
Q1 24
31.1%
16.2%
Net Margin
ATHS
ATHS
EMR
EMR
Q4 25
6.4%
13.9%
Q3 25
15.7%
13.1%
Q2 25
8.7%
12.9%
Q1 25
11.1%
10.9%
Q4 24
26.8%
14.0%
Q3 24
9.6%
21.6%
Q2 24
13.5%
7.5%
Q1 24
20.8%
11.4%
EPS (diluted)
ATHS
ATHS
EMR
EMR
Q4 25
$1.07
Q3 25
$1.12
Q2 25
$1.04
Q1 25
$0.86
Q4 24
$1.02
Q3 24
$1.74
Q2 24
$0.57
Q1 24
$0.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
EMR
EMR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$7.8B
$7.6B
Stockholders' EquityBook value
$20.5B
$20.3B
Total Assets
$442.2B
$41.9B
Debt / EquityLower = less leverage
0.38×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
EMR
EMR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$15.3B
Total Debt
ATHS
ATHS
EMR
EMR
Q4 25
$7.8B
$7.6B
Q3 25
$7.9B
$8.9B
Q2 25
$7.9B
$8.3B
Q1 25
$6.3B
$8.2B
Q4 24
$6.3B
$6.6B
Q3 24
$5.7B
$7.7B
Q2 24
$5.7B
$7.1B
Q1 24
$5.7B
$7.6B
Stockholders' Equity
ATHS
ATHS
EMR
EMR
Q4 25
$20.5B
$20.3B
Q3 25
$20.4B
$20.3B
Q2 25
$18.1B
$19.9B
Q1 25
$17.5B
$19.2B
Q4 24
$16.4B
$20.5B
Q3 24
$17.4B
$21.6B
Q2 24
$15.0B
$20.8B
Q1 24
$14.8B
$20.9B
Total Assets
ATHS
ATHS
EMR
EMR
Q4 25
$442.2B
$41.9B
Q3 25
$429.9B
$42.0B
Q2 25
$405.3B
$42.5B
Q1 25
$381.5B
$42.0B
Q4 24
$363.3B
$42.6B
Q3 24
$355.0B
$44.2B
Q2 24
$332.6B
$45.6B
Q1 24
$320.6B
$46.4B
Debt / Equity
ATHS
ATHS
EMR
EMR
Q4 25
0.38×
0.37×
Q3 25
0.38×
0.44×
Q2 25
0.43×
0.42×
Q1 25
0.36×
0.42×
Q4 24
0.39×
0.32×
Q3 24
0.33×
0.36×
Q2 24
0.38×
0.34×
Q1 24
0.39×
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
EMR
EMR
Operating Cash FlowLast quarter
$3.0B
$699.0M
Free Cash FlowOCF − Capex
$602.0M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
5.82×
1.16×
TTM Free Cash FlowTrailing 4 quarters
$4.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
EMR
EMR
Q4 25
$3.0B
$699.0M
Q3 25
$636.0M
$3.1B
Q2 25
$1.1B
$1.1B
Q1 25
$426.0M
$241.0M
Q4 24
$386.0M
$777.0M
Q3 24
$780.0M
$3.3B
Q2 24
$525.0M
$1.1B
Q1 24
$185.0M
$743.0M
Free Cash Flow
ATHS
ATHS
EMR
EMR
Q4 25
$602.0M
Q3 25
$2.7B
Q2 25
$977.0M
Q1 25
$154.0M
Q4 24
$694.0M
Q3 24
$2.9B
Q2 24
$998.0M
Q1 24
$661.0M
FCF Margin
ATHS
ATHS
EMR
EMR
Q4 25
13.9%
Q3 25
54.9%
Q2 25
21.5%
Q1 25
3.5%
Q4 24
16.6%
Q3 24
63.1%
Q2 24
22.8%
Q1 24
15.1%
Capex Intensity
ATHS
ATHS
EMR
EMR
Q4 25
2.2%
Q3 25
8.9%
Q2 25
2.0%
Q1 25
2.0%
Q4 24
2.0%
Q3 24
9.1%
Q2 24
2.1%
Q1 24
1.9%
Cash Conversion
ATHS
ATHS
EMR
EMR
Q4 25
5.82×
1.16×
Q3 25
0.51×
4.86×
Q2 25
2.28×
1.83×
Q1 25
0.92×
0.50×
Q4 24
0.38×
1.33×
Q3 24
1.25×
3.35×
Q2 24
0.83×
3.31×
Q1 24
0.16×
1.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHS
ATHS

Segment breakdown not available.

EMR
EMR

Other$1.8B41%
Software And Systems$1.0B24%
Intelligent Devices$996.0M23%
Safety And Productivity$503.0M12%

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