Johnson Controls International plcJCI
NYSE•Industrials•Building Products & Equipment
Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company designs, manufactures, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and digital solutions. It also provides energy solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven building solutions. It sells its products and services to commercial, residential security, institutional, industrial, data center, marine, and governmental customers. Johnson Controls International plc was incorporated in 1885 and is based in Cork, Ireland.
Johnson Controls International (JCI) reported trailing twelve months revenue of $24.43B as of March 2026, a 14.9% increase year-over-year. Quarterly revenue reached $6.14B, reflecting continued top-line momentum.
Johnson Controls International generated $3.53B in TTM net income, with quarterly EBITDA of $825.00M. The operating margin expanded from 8.8% to 12.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (12.0%) and net margin (10.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 8.4% a year ago, signaling stronger bottom-line efficiency.
JCI trades at a P/E of 25.1x (in line with broad market averages) and a P/S of 3.6x. The price-to-book ratio of 6.6x indicates a significant premium over book value.
The company generated $604.00M in free cash flow over the trailing twelve months, a 32.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $38.35B in total assets with $8.61B in long-term debt against $13.52B in stockholders equity for a debt-to-equity ratio of 0.6. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~10.3%, suggesting durable pricing power and cost discipline.
ROE averages 17.4% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~10.3% — no sign of cost or pricing stress.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 23.3% recently — increasing financial risk even if the current ratio is manageable.
Revenue has softened, declining in 4 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 8.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation