tickdelta

tickdelta

Sign in

Tickdelta is free for now. Sign up and get Pro free

JCIJohnson Controls

Industrials · HVAC Equipment · NYSE

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. 10-K, Item 1

Employees: 87,000
Headquarters: Cork, L2
Next results: around Feb 3, 2027

Compare with peers → Embed

All key numbers (38, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	5.54	Sales (ttm)	24.4B	Net income (ttm)	3.5B	Sales growth	+2.8%	EPS growth	+99.6%	Sales Q/Q	+8.2%
Free cash flow	2.7B	Gross margin	36.6%	Oper. margin	-	Net margin	14.5%	FCF margin	10.9%	ROE	26.1%
ROA	9.2%	R&D / sales	1.2%	Dividend	1.51	Debt/Eq	0.70	Curr. ratio	1.04	Cash	698.0M
Op. cash flow (ttm)	3.0B	Net debt	8.8B	Quick ratio	0.86	Payout ratio	30.0%	Tax rate	12.4%	Stock pay / sales	0.6%
Shares out.	610.1M	Shares Y/Y	-3.2%	Book / share	22.16	Cash / share	1.14	Sales / share	40.05	Asset turnover	0.64
Inventory turns	8.24	Days sales out.	97	Sales 3Y CAGR	+4.6%	Sales 5Y CAGR	+1.1%	EPS 3Y CAGR	+31.9%	EPS 5Y CAGR	+43.0%
Employees	87,000	Sales / employee	281K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024

Free cash flow rose 97%$1.1B → $2.1B · Cash from operations − capital expenditure · 10-K ↗

What management wrote about it → · Every company →

JCI against Industrials peers

Ten years, side by side → · All 83 →

JCIPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth

+2.8%53rd of 82 · median +4.8%

Net margin

14.5%30th of 82 · median 13.0%

Return on equity

26.1%35th of 77 · median 24.9%

Free cash flow margin

10.9%50th of 79 · median 13.0%

Debt / equity (less is better)

0.7036th of 72 · median 0.72

JCI and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
JCI Johnson Controls	$24.4B	+2.8%	36.6%	14.5%	26.1%	10.9%	0.70
WM Waste Management	$26.1B	+14.2%	40.4%	11.8%	31.1%	14.3%	2.37
MMM 3M	$25.2B	+1.5%	39.5%	14.0%	85.7%	10.6%	4.22
TT Trane Technologies	$23.2B	+7.5%	-	13.6%	34.6%	16.4%	0.46
LHX L3Harris	$22.8B	+9.8%	25.7%	9.0%	10.1%	16.0%	0.54
CARR Carrier Global	$22.8B	-3.3%	-	-7.9%	-17.3%	10.4%	1.10

FY2021FY2022FY2023FY2024FY2025

From $23.7B of sales to $1.6B of profit

FY2021, from the 10-K income statement

Swipe sideways for the whole flow →

From $20.6B of sales to $1.5B of profit

FY2022, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

From $22.3B of sales to $1.8B of profit

FY2023, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

From $23.0B of sales to $1.7B of profit

FY2024, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

From $23.6B of sales to $3.3B of profit

FY2025, from the 10-K income statement and revenue by product

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021

$66$27

FY2022

$66$27$7

FY2023

$65$27$8

FY2024

$65$28$7

FY2025

$64$22$14

Cost of revenue
Costs, tax, other
Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 4

✓
Net margin above the peer median14.5% vs 13.0%
✓
Gross margin up over 5 years33.2% → 36.4%
✓
Return on equity above 15%26.1%
!
A profit in 9 of 10 years

Net margin, FY2016 to FY2025: -4.2% → 13.9%

Balance sheet

2 of 3

✓
Debt smaller than equityDebt / equity 0.70 on the latest balance sheet (peer median 0.72)
✓
Current assets cover current liabilitiesCurrent ratio 1.04
!
Net debt over 3 years of free cash flow$8.8B net debt, 3.3 years

Debt / equity at each year end, FY2016 to FY2025: 0.53 → 0.77

What the debt is made of ↓

Cash and shareholders

2 of 4

!
Free cash flow positive in 9 of 10 years$2.1B last year
✓
Share count down over 5 years−13.2%
✓
Dividend per share up over 5 years$1.04 → $1.51
!
Cash from operations below net income$2.6B vs $3.3B

Free cash flow, FY2016 to FY2025: 659.0M → 2.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Mar 31, 2026 · schedule of Sep 30, 2025

The debt note's own lines, 2025-09-30

Fixed rate $0Floating $720.0M Not stated $3.0M

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
Commercial paper	Commercial paper	–	floating	$400.0M
Term loans	Bank loans	–	floating	$320.0M
Bank borrowings	–	–	not stated	$3.0M

From the debt note in the 10-K's XBRL (0000833444-25-000097), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 23.6B Net income 3.3B

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

JCI's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue23.6B

Net income3.3B

Free cash flow2.1B

EPS (diluted)5.03

Dividend per share1.51

Diluted shares654.1M

The segments changed

10-K filed 2025-11-14

Compared with the 10-K of Nov 19, 2024: new segments APAC, Americas, EMEA; no longer reported: Building Solutions Asia Pacific, Building Solutions EMEA/LA, Building Solutions North America, Global Products.

In connection with the divestiture of the R&LC HVAC business, the Company realigned its organizational structure into three regional reporting segments (Americas, EMEA and APAC) from four reporting segments (Global Products, Building Solutions North America, Building Solutions EMEA/LA and Building Solutions APAC). 10-K

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to Sep 30, 2025

	Revenue	Share	vs year before
Americas	15.8B	67.1%	+1.4%
EMEA	5.0B	21.1%	+7.5%
APAC	2.8B	11.9%	+2.6%

10-K 0000833444-25-000097, segment and revenue notes (XBRL).

Revenue by product or service

year to Sep 30, 2025

	Revenue	Share	vs year before
Products and systems	16.1B	68.3%	+1.0%
Services	7.5B	31.7%	+7.0%

10-K 0000833444-25-000097, segment and revenue notes (XBRL).

Revenue by region

year to Sep 30, 2025

	Revenue	Share	vs year before
United States	13.3B	56.4%	+1.0%
Other Non-United States	10.3B	43.6%	+5.2%

10-K 0000833444-25-000097, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	20.8B	30.2B	31.4B	24.0B	22.3B	23.7B	20.6B	22.3B	23.0B	23.6B
Cost of revenue	15.2B	15.3B	15.7B	16.3B	14.9B	15.6B	13.5B	14.5B	14.9B	15.0B
Gross profit	5.7B	7.5B	7.7B	7.7B	7.4B	8.1B	7.1B	7.8B	8.1B	8.6B
R&D	158.0M	307.0M	310.0M	319.0M	274.0M	275.0M	236.0M	251.0M	267.0M	273.0M
SG&A	4.2B	5.7B	5.6B	6.2B	5.7B	5.3B	5.1B	5.4B	5.7B	5.8B
Interest expense	293.0M	446.0M	409.0M	335.0M	240.0M	219.0M	225.0M	288.0M	361.0M	321.0M
Pretax income	1.1B	1.2B	1.5B	1.1B	903.0M	2.6B	1.1B	1.1B	1.5B	2.0B
Income tax	197.0M	322.0M	197.0M	-233.0M	108.0M	868.0M	-182.0M	-468.0M	111.0M	245.0M
Net income	-868.0M	1.6B	2.2B	5.7B	631.0M	1.6B	1.5B	1.8B	1.7B	3.3B
EPS (diluted)	-1.29	1.71	2.32	6.49	0.84	2.27	2.19	2.69	2.52	5.03
Diluted shares	672.6M	944.6M	931.7M	874.3M	753.6M	721.1M	699.6M	687.4M	676.0M	654.1M
Depreciation & amortization	953.0M	919.0M	824.0M	825.0M	822.0M	845.0M	717.0M	745.0M	816.0M	865.0M
Gross margin	27.1%	25.0%	24.4%	32.1%	33.2%	34.1%	34.4%	34.9%	35.2%	36.4%
Net margin	-4.2%	5.3%	6.9%	23.7%	2.8%	6.9%	7.4%	8.3%	7.4%	13.9%
Revenue growth	-	+44.8%	+4.1%	-23.7%	-6.9%	+6.1%	-12.8%	+8.2%	+2.8%	+2.8%
EPS growth	-	-	+35.7%	+180%	-87.1%	+170%	-3.5%	+22.8%	-6.3%	+99.6%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	579.0M	301.0M	185.0M	2.8B	2.0B	1.3B	2.0B	828.0M	606.0M	379.0M
Receivables	6.4B	6.7B	5.6B	5.8B	5.3B	5.6B	5.7B	5.5B	6.1B	6.3B
Inventory	2.9B	3.2B	1.8B	1.8B	1.8B	2.1B	2.7B	1.9B	1.8B	1.8B
Current assets	17.1B	12.3B	11.8B	12.4B	10.1B	10.0B	11.7B	10.7B	11.2B	10.2B
Property & equipment	5.6B	3.3B	3.3B	3.3B	3.1B	3.2B	2.3B	2.4B	2.4B	2.2B
Goodwill	21.0B	18.6B	18.4B	18.2B	17.9B	18.3B	16.2B	16.8B	16.7B	16.6B
Total assets	63.2B	51.9B	48.8B	42.3B	40.8B	41.9B	42.2B	42.2B	42.7B	37.9B
Accounts payable	4.0B	4.3B	3.4B	3.6B	3.1B	3.7B	4.4B	3.5B	3.4B	3.6B
Current liabilities	16.3B	11.9B	11.2B	9.1B	8.2B	9.1B	11.2B	11.1B	12.0B	10.9B
Total debt	12.8B	13.6B	10.9B	7.2B	7.8B	7.7B	8.5B	8.8B	9.5B	9.9B
Shareholders' equity	24.1B	20.4B	21.2B	19.8B	17.4B	17.6B	16.3B	16.5B	16.1B	12.9B
Retained earnings	9.2B	5.2B	6.6B	4.8B	2.5B	2.0B	1.2B	1.4B	848.0M	0

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	1.9B	371.0M	1.5B	1.7B	2.5B	2.6B	1.2B	1.9B	1.6B	2.6B
Capital spending	1.2B	760.0M	645.0M	586.0M	443.0M	552.0M	487.0M	446.0M	494.0M	434.0M
Free cash flow	659.0M	-389.0M	875.0M	1.2B	2.0B	2.0B	750.0M	1.4B	1.1B	2.1B
Stock-based pay (added back)	142.0M	134.0M	106.0M	95.0M	74.0M	76.0M	98.0M	107.0M	107.0M	140.0M
Dividends paid	915.0M	702.0M	954.0M	920.0M	790.0M	762.0M	916.0M	980.0M	1.0B	976.0M
Buybacks	501.0M	651.0M	300.0M	6.0B	2.2B	1.3B	1.4B	625.0M	1.2B	6.0B
Acquisitions	-353.0M	6.0M	21.0M	25.0M	77.0M	725.0M	269.0M	726.0M	3.0M	10.0M
Debt raised	-	-	-	-	-	734.0M	1.8B	1.2B	1.3B	1.8B
Debt repaid	1.3B	1.3B	3.7B	2.3B	1.4B	507.0M	184.0M	1.6B	924.0M	1.6B
Investing cash flow	-887.0M	-648.0M	1.6B	-533.0M	-258.0M	-1.1B	-693.0M	-1.2B	-184.0M	-412.0M
Financing cash flow	-946.0M	-649.0M	-3.7B	-10.5B	-2.8B	-2.1B	-516.0M	-2.2B	-1.9B	-6.8B
Dividend per share	1.16	1.00	1.04	1.04	1.04	1.07	1.39	1.45	1.48	1.51

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	142.0M	134.0M	106.0M	95.0M	74.0M	76.0M	98.0M	107.0M	107.0M	140.0M
Stock-based pay / revenue	0.7%	0.4%	0.3%	0.4%	0.3%	0.3%	0.5%	0.5%	0.5%	0.6%
Operating lease cost	-	-	-	-	399.0M	384.0M	334.0M	365.0M	374.0M	381.0M
Operating lease cash paid	-	-	-	-	397.0M	398.0M	349.0M	355.0M	377.0M	452.0M
Right-of-use assets	-	-	-	-	-	1.4B	1.3B	1.3B	1.2B	1.3B
Operating lease liabilities	-	-	-	-	1.2B	1.4B	1.3B	1.4B	1.2B	1.3B

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on JCI in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/JCI/export.csv") into a cell.