Johnson Controls International PLC Registered Shares JCI

Morningstar Rating
$140.46 −0.80 (0.57%)
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Company Report

Johnson Controls Now a More Streamlined Solutions Provider to Commercial Buildings

Johnson Controls offers a variety of HVAC solutions serving global residential, light commercial, and more complex, applied commercial markets. Owing to the high quality of its products and the significant efficiency gains achieved by its customers, the company is estimated to be the number-one or -two player in commercial HVAC alongside Trane and to have approximately 30% market share. The company sold its residential and light commercial HVAC business to Bosch in 2025. It maintains a direct salesforce as it offers bespoke commercial solutions and has a significant office footprint to remain close to customers. The company operates an asset-light model, so it is a highly cash-generative business that can fund its product development, growth initiatives, and shareholder remuneration policies.

Price vs Fair Value

JCI is trading at a LOCK|q?T?n?@ premium.
Price
$140.46
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Johnson Controls could achieve more-dominant share, especially in commercial solutions, widening its gap with Trane and Carrier.

Bears

Pricing power could erode due to insufficient product differentiation.

Trading Information

Previous Close Price
$141.26
Day Range
$137.13142.53
52-Week Range
$102.09151.18
Bid/Ask
$138.15 / $143.00
Shares Outstanding
610.12M
Market Cap
$85.70B
Volume/Avg
3M / 4M

Key Statistics

Price/Earnings (Normalized)
32.00
Price/Sales
3.62
Dividend Yield (Trailing)
1.14%
Dividend Yield (Forward)
1.14%
Total Yield
7.61%

Company Profile

Following Johnson Controls’ divestiture of its residential and light commercial HVAC businesses to Bosch in 2025, nearly all of its revenue comes from commercial HVAC (60%) and fire and security products and services (40%). A 2016 merger joined Johnson Controls’ HVAC and Tyco’s fire and security businesses with the premise that there is synergy in offering a broader variety of automation products and solutions to commercial buildings. We estimate Johnson Controls’ pro forma revenue mix will be one-third products, one-third installation, and one-third services.
Sector
Industrials
Industry
Building Products & Equipment
Stock Style Box
Large Core
Total Number of Employees
87,000

Competitors

Valuation

Metric
JCI
CARR
TT
Price/Earnings (Normalized)
32.0027.5035.47
Price/Book Value
6.344.2512.10
Price/Sales
3.622.684.87
Price/Cash Flow
24.1026.9129.63
Price/Earnings
JCI
CARR
TT

Financial Strength

Metric
JCI
CARR
TT
Quick Ratio
0.690.520.66
Current Ratio
1.041.051.10
Interest Coverage
13.083.9217.22
Quick Ratio
JCI
CARR
TT

Profitability

Metric
JCI
CARR
TT
Return on Assets (Normalized)
6.92%5.71%13.92%
Return on Equity (Normalized)
19.42%15.21%36.37%
Return on Invested Capital (Normalized)
11.86%9.43%24.48%
Return on Assets
JCI
CARR
TT

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