Johnson Controls International plc (JCI)
Industrials · Building Products · US stock · S&P 500 component
$143.00
▼ -8.02 (5.31%)
Fair valueFair
$120 −16.2% to fair value
$60fair band $102–$145$180
Day's range
$140.90 – $149.00
52-week range
$107.84 – $160.41
About Johnson Controls International plc
Commercial buildings are the focus of Johnson Controls International, which provides products, systems and services for them. Its offerings include heating, ventilation and air conditioning equipment, building automation and controls, fire detection and suppression, security systems and ongoing maintenance. Customers include owners and operators of offices, hospitals, schools, data centres and industrial sites. The company is organised into building solutions businesses by region, alongside a global products unit that makes the equipment.
Installing equipment and systems, together with recurring service and maintenance work, generated revenue of $24.4 billion over the last twelve months. Revenue has grown at 4.6% a year across the last three years. The operating margin is 10.7%, the business earns 10% on the capital invested in it, and net debt is 2.6 times EBITDA. The dividend yield is 1.1%. On the site's X-Ray Score it receives 31 out of 100.
Price chart
52-wk range $107.84 – $160.41Volume 3,877,856Daily, split-adjusted
Vitals
Market cap$87.8B
52-week range$107.84 – $160.41
Volume (last day)3,877,856
P/E (TTM)25.7
EBIT / EV yield2.7%
Free-cash-flow yield–
Dividend yield1.1%
Revenue (TTM)$24.4B
Net income (TTM)$3.5B
Operating margin10.7%
Return on capital9.6%
Debt incl. leases$9.5B
Cash & securities$698M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$120middle half of models $115 – $127
Fair
−16.2% to fair value
Average of the 11 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High
Price $143
Undervalued < $102Fair $102 – $145Overvalued > $145
P/E multiple
$145
P/B multiple
$101
P/S multiple
$112
EV/EBITDA multiple
$126
EV/EBIT multiple
$126
EV/revenue multiple
$120
10-year DCF, EBITDA exit
$119
5-year DCF, EBITDA exit
$132
10-year DCF, revenue exit
$118
5-year DCF, revenue exit
$128
10-year DCF, growth exit · not used
$49
5-year DCF, growth exit · not used
$45
Dividend discount, stable · not used
$54
Dividend discount, multi-stage
$92
Earnings power value · not used
$49
Growth the price implies
27.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
13/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.7%
Fair value vs price0.8×
Growth
Fair
51/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)4.6%
EPS growth (3y)31.9%
Growth consistency70%
Profitability
Weak
31/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital9.6%
Operating margin10.7%
Gross profitability23.3%
Financial health
Weak
38/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA2.6×
Interest coverNo interest cost
Dividends
Weak
25/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.1%
Dividend growth2.1%
Quarterly results: last 6 quarters
+4.2%
Dec '24
+1.4%
Mar '25
+2.6%
Jun '25
+3.1%
Sep '25
+6.8%
Dec '25
+8.2%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.1B, diluted EPS $1.00.
Compare with peers
AOS Smith A O Corp65 LII Lennox International I...59 ALLE Allegion plc59 TT Trane Technologies plc56Other Building Products companies by X-Ray Score.
SWOT analysis: Johnson Controls International plc
Strengthsinside the company
- Earnings per share have compounded at 31.9% a year over three years.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- Return on invested capital of 9.6% is well below the 23.1% median of industry peers.
- Altman Z-score of 1.1 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare JCI with peers and sector
Medians of 6 Building Products peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): TT 56, CARR 27, MAS 53, ALLE 59, LII 59, AOS 65.
| Metric | JCI | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 31 | 58 | 51 |
| Valuation | 13 | 63 | 48 |
| Growth | 50 | 46 | 51 |
| Profitability | 31 | 61 | 51 |
| Financial health | 38 | 51 | 49 |
| Dividends | 25 | 55 | 53 |
Sector leaders: highest X-Ray Score in Industrials
JCI ranks #76 of 81 in Industrials and #6 of 7 in Building Products by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for JCI
Each factor is rated by where JCI stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 9 Average · 6 Bad of 18
Growth: 1 · 2 · 0
Profitability: 0 · 3 · 2
Financial strength: 1 · 1 · 2
Valuation: 0 · 3 · 1
Efficiency: 1 · 0 · 1
| Factor | JCI | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.6% | Average beats 43% | +5.6% | – | – |
| Revenue growth, last year | +2.8% | Average beats 37% | +4.5% | +2.8% | ≈ In line |
| EPS growth, 3 years a year | +31.9% | Good beats 89% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 36.6% | Average beats 46% | 38.0% | 34.9% | ≈ In line |
| Operating margin | 10.7% | Bad beats 30% | 17.5% | 6.6% | ▲ Better |
| Net margin | 14.5% | Average beats 60% | 12.8% | 7.4% | ▲ Better |
| Return on invested capital | 9.6% | Bad beats 20% | 14.9% | – | – |
| Return on equity | 26.1% | Average beats 56% | 23.7% | 10.6% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 2.6x | Bad beats 27% | 1.8x | 3.5x | ▲ Better |
| Interest cover | 50.0x | Good beats 76% | 21.4x | – | – |
| Current ratio | 1.04 | Bad beats 25% | 1.25 | 0.97 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 41% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 24.9x | Average beats 64% | 28.9x | 22.5x | ▼ Worse |
| Price / book | 6.5x | Average beats 47% | 6.2x | 2.8x | ▼ Worse |
| Price / sales | 3.6x | Average beats 49% | 3.5x | 2.1x | ▼ Worse |
| EV / EBITDA | 28.3x | Bad beats 13% | 18.5x | 24.0x | ▼ Worse |
| Efficiency | |||||
| Inventory turnover | 8.0x | Good beats 79% | 4.0x | 7.8x | ≈ In line |
| Days sales outstanding | 99 days | Bad beats 4% | 57 days | 96 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 2 Good · ● 4 Average · ● 7 BadCash quality
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 36/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $23.7B | $20.6B | $22.3B | $23.0B | $23.6B |
| Operating income | $2.8B | $1.3B | $1.1B | $1.5B | $2.0B |
| Net income | $1.6B | $1.5B | $1.8B | $1.7B | $3.3B |
| Operating cash flow | $2.6B | – | – | – | – |
| Operating margin | 12.0% | 6.5% | 5.0% | 6.6% | 8.3% |
| Free cash flow | $2.0B | – | – | – | – |
| Diluted EPS | $2.27 | $2.19 | $2.69 | $2.52 | $5.03 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
6 bullish · 1 neutral · 9 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 150.5 | Bearish |
| EMA 10 | 149.2 | Bearish |
| SMA 20 | 151.8 | Bearish |
| EMA 20 | 149.7 | Bearish |
| SMA 50 | 146.9 | Bearish |
| EMA 50 | 147.9 | Bearish |
| SMA 100 | 145.5 | Bearish |
| EMA 100 | 145.0 | Bearish |
| SMA 200 | 139.3 | Bullish |
| EMA 200 | 137.8 | Bullish |
Oscillators (daily)
| RSI (14) | 41.09 | Neutral |
| MACD (12, 26) | 0.13 | Bullish |
| Momentum (12) | -9.93 | Bearish |
| Stochastic %K (14) | 10.76 | Bullish |
| Williams %R (14) | -89.24 | Bullish |
| CCI (20) | -132.2 | Bullish |
Pivot points (classic, last session)
S3 131.5 | S2 136.2 | S1 139.6 | Pivot 144.3 | R1 147.7 | R2 152.4 | R3 155.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.60 USD
Yield on today's price
1.12%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.3700 | |
| 0.3700 | |
| 0.3700 | |
| 0.3700 | |
| 0.3700 | |
| 0.3700 | |
| 0.3700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold JCI
| ETF | Share of the fund |
|---|---|
| GRID First Trust NASDAQ Clean Edge Smart Gr... | 7.99% |
| XHB SPDR S&P Homebuilders | 3.11% |
| XLI Industrial Select Sector SPDR | 1.55% |
| PWB Invesco Dynamic Large Cap Growth | 1.53% |
| FIDU Fidelity MSCI Industrials Index | 1.28% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.25% |
| VIS Vanguard Industrials | 1.16% |
| TRFK Pacer Data and Digital Revolution | 1.13% |
The eight funds with the largest weight in JCI among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
JCI stock splits
JCI has split its stock 4 times since 1995. The latest was a 1-for-4 reverse split on 2 Jul 2007.
Full JCI stock split history →JCI SEC filings
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.