AspenTech
Emerson Electric Co. - Product Line
AspenTech is a global leader in asset optimization software that enables industrial manufacturers to design, operate and maintain their operations for maximum performance. AspenTech combines decades of modeling, simulation and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. The purpose-built software drives value for customers by improving operational efficiency and maximizing productivity, reducing unplanned downtime and safety risks, and minimizing energy consumption and emissions.
Business Profile
Primary Products
Asset optimization software, modeling and simulation software, production optimization analytics, operational efficiency solutions
Target Markets
Industrial manufacturers in process industries (chemicals, energy, engineering) seeking to optimize operations
Operations
Key Locations
Global software development and support centers
Quick Actions
Growth Metrics (Latest Year)
Financial Performance Trends
Revenue, Operating Income, EBITDA & Operating Margin
Historical Financial Data
| Year | Revenue | Operating Income | Operating Margin | EBITDA |
|---|---|---|---|---|
| 2024 | $1,093.0 | $-73.0 | -6.68% | $413.0 |
| 2023 | $1,042.0 | $-107.0 | -10.27% | $379.0 |
| 2022 | $656.0 | $12.0 | 1.83% | $249.0 |
Scroll horizontally to view commentary across multiple years
| Category |
2024
Latest
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2023
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2022
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| Year Highlights |
• Sales increased $51M, or 5%, to $1.1 billion
• Term contract value increased 8%
• Negative operating earnings due to amortization
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• Sales increased $386M, or 59%, to $1.0 billion
• Driven by Heritage AspenTech acquisition (May 2022)
• Earnings declined due to significant amortization
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| Revenue |
Sales increased $51M, or 5%, reflecting an 8% increase in term contract value.
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Sales increased $386M, or 59%, due to the acquisition of Heritage AspenTech completed in May 2022. This represents the first full year of the combined AspenTech business.
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| Margin & Earnings |
Earnings were $(73)M, improved from $(107)M in 2023. The segment continues to be impacted by high levels of intangibles amortization from the AspenTech transaction. Adjusted EBITDA was $413M with a 37.8% margin.
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Earnings decreased to $(107)M from $12M in 2022, reflecting the impact from $249M of incremental intangibles amortization related to the Heritage AspenTech acquisition. Despite negative operating earnings, the segment generated strong Adjusted EBITDA of $379M with a 36.4% margin.
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Regional Sales Breakdown 2024
Sales by Region
| Region | Sales ($M) | % of Total |
|---|---|---|
| AMEA | $300 | 27.2% |
| Americas | $603 | 54.7% |
| Europe | $200 | 18.1% |
| Total | $1103 | 100% |
Regional Mix
Multi-Year Regional Trends
| Year | AMEA ($M) | Americas ($M) | Europe ($M) | Total ($M) |
|---|---|---|---|---|
| 2024 | $300 | $603 | $200 | $1103 |
| 2023 | $390 | $654 | $274 | $1318 |
| 2022 | $304 | $655 | $212 | $1171 |