Johnson Controls (JCI)
Industrials · $88.1B market cap · SEC CIK 0000833444
fundamentals score out of 100
Next reports on Nov 2, 2026, after the close, with analysts expecting $1.59 in earnings per share.
The case for JCI
- Earns 27% back on shareholder equity.
- Earnings per share up 70.9%.
- Pays a 2.8% dividend while you wait.
- A PEG of 0.35: a P/E of 24.6× is low for EPS growing 71%.
The case against
- Current liabilities exceed current assets (ratio 1.00).
- Weakest against its peers: free-cash-flow yield of 2.4% is lower than 79% of Industrials companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 44 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 45 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 60 |
| Momentumhow the price has behaved lately | 70 |
| Stabilityhow violently it moves, what it owes and what it pays you | 59 |
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 24.6× |
|---|---|
| Price / book | 6.61× |
| Price / sales | 4.2× |
| Revenue growth (YoY) | +5.1% |
| EPS growth (YoY) | +70.9% |
| Gross margin | 43% |
| Operating margin | 14% |
| Net margin | 17% |
| Return on equity | 27% |
| Debt / equity | 0.70× |
| Current ratio | 1.00 |
| Dividend yield | 2.82% |
| Beta | 1.30 |
| 52-week range | $104.49 – $157.06 |
| Position in that range | 80% of the way up |
| 3-month return | +0.2% |
| 1-year return | +33.6% |
Five years of financials, as filed
Pulled from Johnson Controls's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $23.6B | $23.0B | $22.3B | $20.6B | $23.7B |
| Gross profit | $8.6B | $8.1B | $7.8B | $7.1B | $8.1B |
| Net income | $3.3B | $1.7B | $1.8B | $1.5B | $1.6B |
| Operating cash flow | $2.6B | $1.6B | $1.9B | $1.2B | $2.6B |
| Capital expenditure | $434M | $494M | $446M | $487M | $552M |
| Total assets | $38.0B | $42.1B | $44.0B | $42.8B | $42.2B |
| Shareholder equity | $13.2B | $15.9B | $16.7B | $16.0B | $17.2B |
| Cash | $552M | $1.2B | $1.8B | $1.5B | $1.2B |
| Free cash flow | $2.1B | $1.1B | $1.4B | $750M | $2.0B |
| Gross margin | 36.4% | 35.2% | 34.9% | 34.4% | 34.1% |
| Net margin | 13.9% | 7.4% | 8.3% | 7.4% | 6.9% |
| Diluted shares | 654M | 676M | 687M | 700M | 721M |
Share count is down 9.3% over 4 years. Buybacks have been shrinking the pie.
What Johnson Controls says it does
Johnson Controls International plc, headquartered in Cork, Ireland, is a global leader in smart, healthy and sustainable buildings, serving a wide range of customers around the globe. The Company’s products, services, systems and solutions advance the safety, comfort and intelligence of spaces to serve people, places and the planet. The Company is committed to helping its customers win and creating greater value for all of its stakeholders through its strategic focus on buildings. Johnson Controls was originally incorporated in the state of Wisconsin in 1885 as Johnson Electric Service Company to manufacture, install and service automatic temperature regulation systems for buildings and was renamed Johnson Controls, 3 Inc. in 1974. In 2005, Johnson Controls acquired York International, a global supplier of heating, ventilating and air-conditioning ("HVAC") and refrigeration equipment and services. Following this acquisition, Johnson…
Risk factors JCI lists in its 10-K
- Environmental, Health and Safety Matters
- Government Regulation and Supervision
- Research and Development Expenditures
- Inclusion and Engagement Objectives
- Employee Population and Demographics
- Risks Related to Our Business Operations
- Our future growth is dependent upon our ability to develop or acquire new products, services and technologies that achieve market acceptance with acceptable margins
- Failure to increase organizational effectiveness through the execution of our operating model and organizational improvements may reduce our profitability or adversely impact our business
- Failure to achieve and maintain a high level of product and service quality and on-time delivery could damage our reputation with customers and negatively impact our results
- The ability of suppliers to deliver raw materials, parts and components to our manufacturing facilities, and our ability to manufacture and deliver services without disruption, could affect our results of operations
- Our business success depends on attracting and retaining qualified personnel
- Data privacy, identity protection and information security compliance may require significant resources and presents certain risks
- We are incorporating artificial intelligence technologies into our products, services and processes. These technologies may present business, compliance and reputational risks
- Infringement or expiration of our intellectual property rights, or allegations that we have infringed upon the intellectual property rights of third parties, could negatively affect us