If you are willing to put in a little time to learn how GNU Emacs works, it can be an extremely powerful and versatile editing tool, as well as being used for almost any kind of text searching, replacing, or processing. Using Org-mode alone is worth learning Emacs. Once you learn the basics, they can be applied and used in all areas that you would use Emacs for. If you want a text editor and information tool that you can use for almost everything, then the learning curve is worth it. If you want simple text editor for editing small files, then Emacs may be overkill.
If your Source Control Software is Team Foundation Server then skip Visual Studio Code. If you're using GitHub and are creating small projects Visual Studio Code is the way to go. If you need to create a large, enterprise-level application, Visual Studio Code makes it easier to set up interactions between related projects (client & server). If you're interested in getting back to the old way of using the command line to create projects and you know what to enter in the console window then Visual Studio Code is great. Visual Studio Code is a better choice if you don't know the console commands and prefer to make selections from a menu.
Readily available: Emacs is available on almost all operating systems. You can use it for free, and even use it for remote editing. It has a nice desktop application that anyone can use, even the ordinary user.
Lightweight application: Although it hasn't always been, Emacs is now a very lightweight, efficient editor that isn't going to demand much CPU power. This can be crucial for large-scale applications.
Easy learning curve: for complex editors, Emacs is one of the easier to get a handle on. There's good documentation, and an easy layout that makes figuring out how it works much easier than others.
Unlike for most languages I have used, Ruby and Rails support available for Code users isn't great. The most popular Ruby extension is unofficial, and leaves much to desire. As an example, code navigation even with language server Solargraph installed isn't as good as IntelliJ's RubyMine.
Even there is quite good support for a language or a framework, it is almost never as good as a dedicated IDE for it. In terms of the sheer number of features available, IntelliJ IDEs handily beat Code.
Microsoft has close-sourced some of the extensions it develops for Code itself, e.g. Pylance for Python, and that has not been perceived as a good move for open-source.
Solid tool that provides everything you need to develop most types of applications. The only reason not a 10 is that if you are doing large distributed teams on Enterprise level, Professional does provide more tools to support that and would be worth the cost.
Looking at our current implementation, Microsoft Visual Studio Code is perfect for writing code and performing debug operations. Integration with SVN repository is easy and changes can be tracked effectively. Microsoft Visual Studio Code supports developers to write code productively using syntax check and easy customization. Microsoft Visual Studio Code also provides support for IntelliSense which prompts suggestions for code completion. It is easy to step through code using interactive debugger to inspect the root cause of error quickly.
Since Emacs is free software, support comes from online forums, and online searches. I have always been able to find an answer to any question I've had, as well as "How do I do XXX in Emacs?". I've found Emacs users in general are very willing to help others who are learning Emacs and to share what they have already done with Emacs.
Active development means filing a bug on the GitHub repo typically gets you a response within 4 days. There are plugins for almost everything you need, whether it be linting, Vim emulation, even language servers (which I use to code in Scala). There is well-maintained official documentation. The only thing missing is forums. The closest thing is GitHub issues, which typically has the answers but is hard to sift through -- there are currently 78k issues.
Emacs can be easier to use than Vim as it is more similar to modern text editors. Its graphical interface is also better than anything Vim has to offer. Emacs also has better syntax highlighting and recognition of coding languages. Interestingly, Emacs handles clipboard copy and pasting into other programs a lot better than Vim does. Overall, if you know how to use Emacs, it is often preferred over Vim.
All the previously listed are incredible development environments that perfectly fulfill this function, but [Microsoft] Visual Studio Code goes one step ahead by providing flexibility, customization and adaptability to development environments with its own methodology, for all this productivity. of the work team is greatly increased helping to achieve the objectives set in the organization.
Overall, the ROI of Emacs has stemmed around its nature as a free, open source product. Usability is high, so when you use it you are more productive, but if you are unfamiliar with it, you will be less productive to start.
Emacs is more than just an IDE. It includes IDE-like functionality, but it is really much more than an IDE.
Emacs makes it easy for me to work in my environment, in a fashion to which I have become accustomed over the last 30+ years. It is more suited to the professional who has used it before.