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Side-by-side financial comparison of Emerson Electric (EMR) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $4.3B, roughly 1.7× Emerson Electric). U.S. Bancorp runs the higher net margin — 27.8% vs 13.9%, a 13.8% gap on every dollar of revenue. On growth, U.S. Bancorp posted the faster year-over-year revenue change (5.1% vs 4.1%). Over the past eight quarters, U.S. Bancorp's revenue compounded faster (4.7% CAGR vs -0.3%).

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

EMR vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.7× larger
USB
$7.4B
$4.3B
EMR
Growing faster (revenue YoY)
USB
USB
+1.0% gap
USB
5.1%
4.1%
EMR
Higher net margin
USB
USB
13.8% more per $
USB
27.8%
13.9%
EMR
Faster 2-yr revenue CAGR
USB
USB
Annualised
USB
4.7%
-0.3%
EMR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EMR
EMR
USB
USB
Revenue
$4.3B
$7.4B
Net Profit
$605.0M
$2.0B
Gross Margin
53.2%
Operating Margin
17.8%
34.4%
Net Margin
13.9%
27.8%
Revenue YoY
4.1%
5.1%
Net Profit YoY
3.4%
23.0%
EPS (diluted)
$1.07
$1.26

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
EMR
EMR
USB
USB
Q4 25
$4.3B
$7.4B
Q3 25
$4.9B
$7.3B
Q2 25
$4.6B
$7.0B
Q1 25
$4.4B
$7.0B
Q4 24
$4.2B
$7.0B
Q3 24
$4.6B
$6.9B
Q2 24
$4.4B
$6.9B
Q1 24
$4.4B
$6.7B
Net Profit
EMR
EMR
USB
USB
Q4 25
$605.0M
$2.0B
Q3 25
$637.0M
$2.0B
Q2 25
$586.0M
$1.8B
Q1 25
$485.0M
$1.7B
Q4 24
$585.0M
$1.7B
Q3 24
$996.0M
$1.7B
Q2 24
$329.0M
$1.6B
Q1 24
$501.0M
$1.3B
Gross Margin
EMR
EMR
USB
USB
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
EMR
EMR
USB
USB
Q4 25
17.8%
34.4%
Q3 25
16.4%
34.5%
Q2 25
16.1%
32.7%
Q1 25
14.2%
31.0%
Q4 24
18.6%
30.1%
Q3 24
14.7%
30.2%
Q2 24
10.4%
29.9%
Q1 24
16.2%
24.9%
Net Margin
EMR
EMR
USB
USB
Q4 25
13.9%
27.8%
Q3 25
13.1%
27.3%
Q2 25
12.9%
25.9%
Q1 25
10.9%
24.6%
Q4 24
14.0%
23.7%
Q3 24
21.6%
25.0%
Q2 24
7.5%
23.3%
Q1 24
11.4%
19.6%
EPS (diluted)
EMR
EMR
USB
USB
Q4 25
$1.07
$1.26
Q3 25
$1.12
$1.22
Q2 25
$1.04
$1.11
Q1 25
$0.86
$1.03
Q4 24
$1.02
$1.01
Q3 24
$1.74
$1.03
Q2 24
$0.57
$0.97
Q1 24
$0.87
$0.78

Balance Sheet & Financial Strength

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

Metric
EMR
EMR
USB
USB
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$7.6B
Stockholders' EquityBook value
$20.3B
$65.2B
Total Assets
$41.9B
$692.3B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Total Debt
EMR
EMR
USB
USB
Q4 25
$7.6B
Q3 25
$8.9B
Q2 25
$8.3B
Q1 25
$8.2B
Q4 24
$6.6B
Q3 24
$7.7B
Q2 24
$7.1B
Q1 24
$7.6B
Stockholders' Equity
EMR
EMR
USB
USB
Q4 25
$20.3B
$65.2B
Q3 25
$20.3B
$63.3B
Q2 25
$19.9B
$61.4B
Q1 25
$19.2B
$60.1B
Q4 24
$20.5B
$58.6B
Q3 24
$21.6B
$58.9B
Q2 24
$20.8B
$56.4B
Q1 24
$20.9B
$55.6B
Total Assets
EMR
EMR
USB
USB
Q4 25
$41.9B
$692.3B
Q3 25
$42.0B
$695.4B
Q2 25
$42.5B
$686.4B
Q1 25
$42.0B
$676.5B
Q4 24
$42.6B
$678.3B
Q3 24
$44.2B
$686.5B
Q2 24
$45.6B
$680.1B
Q1 24
$46.4B
$683.6B
Debt / Equity
EMR
EMR
USB
USB
Q4 25
0.37×
Q3 25
0.44×
Q2 25
0.42×
Q1 25
0.42×
Q4 24
0.32×
Q3 24
0.36×
Q2 24
0.34×
Q1 24
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
EMR
EMR
USB
USB
Operating Cash FlowLast quarter
$699.0M
$2.8B
Free Cash FlowOCF − Capex
$602.0M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
1.16×
1.39×
TTM Free Cash FlowTrailing 4 quarters
$4.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMR
EMR
USB
USB
Q4 25
$699.0M
$2.8B
Q3 25
$3.1B
$3.4B
Q2 25
$1.1B
$2.0B
Q1 25
$241.0M
$-285.0M
Q4 24
$777.0M
$4.8B
Q3 24
$3.3B
$972.0M
Q2 24
$1.1B
$2.9B
Q1 24
$743.0M
$2.7B
Free Cash Flow
EMR
EMR
USB
USB
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
EMR
EMR
USB
USB
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
EMR
EMR
USB
USB
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
EMR
EMR
USB
USB
Q4 25
1.16×
1.39×
Q3 25
4.86×
1.69×
Q2 25
1.83×
1.12×
Q1 25
0.50×
-0.17×
Q4 24
1.33×
2.87×
Q3 24
3.35×
0.57×
Q2 24
3.31×
1.79×
Q1 24
1.48×
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMR
EMR

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

USB
USB

Segment breakdown not available.

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