JCINYSEAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipFiscal year ends September 30
Johnson Controls International plc
Financials through Q2 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$148.22+2.75 (+1.89%)
Close on Oct 19, 2026
- Market cap
- $91.01B
- P/E (TTM)
- 26.5
- Dividend yield
- 1.02%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.4%+3.2 pts over 5 years
Operating margin
–
Net margin
13.9%+11.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.8% | +4.6% | +1.1% | +3.3% | |
| Gross profit | +6.4% | +6.6% | +3.0% | +6.6% | |
| Net income | +93.0% | +29.0% | +39.1% | +7.7% | |
| EPS, diluted | +99.6% | +31.9% | +43.0% | +7.9% | |
| Free cash flow | +97.4% | +41.4% | +0.8% | +16.4% | |
| Dividend per share | +2.0% | +2.8% | +7.7% | +3.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -5.0% | 3.4% | 22.7% | |
| Return on assets | -1.9% | 1.5% | 8.2% | |
| Current ratio | 1.05 | 1.22 | 0.93 | |
| Debt to equity | 0.53 | 0.45 | 0.76 | |
| Inventory turnover | 5.8× | 8.3× | 8.3× | |
| Capex to revenue | 6.0% | 2.0% | 1.8% | |
| Diluted shares | 673M | 754M | 654M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Johnson Controls International generated $9.77B from operations and spent $17.66B on capital expenditure, dividends and share buybacks. 14% of that went back into the business.
Generated
$9.77B
Used
$17.66B
Capital expenditure$2.41B14%Dividends$4.63B26%Share buybacks$10.61B60%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.9%
×Asset turnover0.59×
×Equity multiplier2.78×
=Return on equity, FY202522.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.9% | 0.59× | 2.78× | 22.7% |
| FY2024 | 7.4% | 0.54× | 2.60× | 10.4% |
| FY2023 | 8.3% | 0.53× | 2.57× | 11.3% |
| FY2022 | 7.4% | 0.49× | 2.48× | 9.1% |
| FY2021 | 6.9% | 0.57× | 2.36× | 9.4% |
| FY2020 | 2.8% | 0.54× | 2.23× | 3.4% |
| FY2019 | 23.7% | 0.53× | 2.23× | 27.7% |
| FY2018 | 9.2% | 0.46× | 2.42× | 10.4% |
| FY2017 | 7.1% | 0.40× | 2.58× | 7.2% |
| FY2016 | -4.2% | 0.45× | 2.69× | -5.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.29B
- Cash generatingOperating cash flow above zero$2.55B
- Return on assets improvedROA up on the prior year4.0% → 7.7%
- Earnings backed by cashOperating cash flow above net income$2.55B vs $3.29B
- Less leverageLong-term debt to assets fell18.7% → 22.6%
- Better liquidityCurrent ratio rose0.94 → 0.93
- No dilutionShare count did not rise676M → 654M
- Gross margin improvedGross margin up on the prior year35.19% → 36.41%
- More efficientAsset turnover rose0.54 → 0.55