Johnson Controls International (JCI)
Market Price (3/14/2026): $130.16 | Market Cap: $79.5 BilSector: Industrials | Industry: Building Products
Johnson Controls International (JCI)
Market Price (3/14/2026): $130.16Market Cap: $79.5 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 47x |
| Low stock price volatilityVol 12M is 29% | |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, Electrification of Everything, and Smart Grids & Grid Modernization. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, Electrification of Everything, and Smart Grids & Grid Modernization. Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 47x |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Fiscal Q1 2026 Earnings Beat and Raised Guidance.
Johnson Controls reported adjusted earnings per share (EPS) of $0.89 for the first quarter of fiscal 2026 (ended December 2025) on February 4, 2026, exceeding analysts' consensus estimates of $0.84 by 5.95%. Total revenues reached $5.80 billion, surpassing consensus estimates of approximately $5.64 billion, and grew 7% year-over-year (6% organically). Following these results, the company raised its full-year fiscal 2026 adjusted EPS guidance to approximately $4.70 from the prior ~$4.55, representing a 3.3% increase. The stock surged 8.3% in after-hours trading after the announcement.
2. Surging Demand for Data Center Cooling Solutions and Record Backlog Growth.
A significant driver was the strong demand for Johnson Controls' data center cooling technologies, which management cited as a key catalyst linked to the AI infrastructure buildout. This led to organic order growth of 39% year-over-year in Q1 fiscal 2026. The company's backlog reached a record $18.2 billion, an increase of 20% organically year-over-year. This growth was primarily fueled by accelerated investments in data center projects by customers. Johnson Controls also introduced new chiller platforms specifically designed for high-density data centers.
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Stock Movement Drivers
Fundamental Drivers
The 12.3% change in JCI stock from 11/30/2025 to 3/13/2026 was primarily driven by a 5.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 115.92 | 130.16 | 12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23,596 | 23,967 | 1.6% |
| Net Income Margin (%) | 13.9% | 14.2% | 1.6% |
| P/E Multiple | 22.2 | 23.4 | 5.4% |
| Shares Outstanding (Mil) | 630 | 611 | 3.2% |
| Cumulative Contribution | 12.3% |
Market Drivers
11/30/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| JCI | 12.3% | |
| Market (SPY) | -3.1% | 33.7% |
| Sector (XLI) | 7.1% | 49.5% |
Fundamental Drivers
The 22.6% change in JCI stock from 8/31/2025 to 3/13/2026 was primarily driven by a 48.6% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 106.14 | 130.16 | 22.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23,402 | 23,967 | 2.4% |
| Net Income Margin (%) | 9.5% | 14.2% | 48.6% |
| P/E Multiple | 31.2 | 23.4 | -24.9% |
| Shares Outstanding (Mil) | 655 | 611 | 7.3% |
| Cumulative Contribution | 22.6% |
Market Drivers
8/31/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| JCI | 22.6% | |
| Market (SPY) | 3.0% | 38.7% |
| Sector (XLI) | 8.8% | 51.7% |
Fundamental Drivers
The 54.3% change in JCI stock from 2/28/2025 to 3/13/2026 was primarily driven by a 87.6% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.37 | 130.16 | 54.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23,169 | 23,967 | 3.4% |
| Net Income Margin (%) | 7.6% | 14.2% | 87.6% |
| P/E Multiple | 31.9 | 23.4 | -26.6% |
| Shares Outstanding (Mil) | 662 | 611 | 8.3% |
| Cumulative Contribution | 54.3% |
Market Drivers
2/28/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| JCI | 54.3% | |
| Market (SPY) | 12.4% | 69.1% |
| Sector (XLI) | 22.0% | 73.9% |
Fundamental Drivers
The 120.6% change in JCI stock from 2/28/2023 to 3/13/2026 was primarily driven by a 132.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.00 | 130.16 | 120.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,843 | 23,967 | 15.0% |
| Net Income Margin (%) | 6.1% | 14.2% | 132.7% |
| P/E Multiple | 31.9 | 23.4 | -26.7% |
| Shares Outstanding (Mil) | 687 | 611 | 12.4% |
| Cumulative Contribution | 120.6% |
Market Drivers
2/28/2023 to 3/13/2026| Return | Correlation | |
|---|---|---|
| JCI | 120.6% | |
| Market (SPY) | 73.4% | 61.7% |
| Sector (XLI) | 70.2% | 69.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JCI Return | 77% | -19% | -8% | 40% | 54% | 13% | 221% |
| Peers Return | 15% | -3% | 28% | 36% | 8% | 11% | 134% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| JCI Win Rate | 92% | 42% | 42% | 58% | 75% | 33% | |
| Peers Win Rate | 68% | 42% | 50% | 62% | 48% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| JCI Max Drawdown | -1% | -42% | -23% | -9% | -9% | -7% | |
| Peers Max Drawdown | -5% | -27% | -11% | -6% | -21% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HON, TT, EMR, CMI, LII. See JCI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)
How Low Can It Go
| Event | JCI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.1% | -25.4% |
| % Gain to Breakeven | 75.6% | 34.1% |
| Time to Breakeven | 846 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -44.6% | -33.9% |
| % Gain to Breakeven | 80.6% | 51.3% |
| Time to Breakeven | 175 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.5% | -19.8% |
| % Gain to Breakeven | 55.0% | 24.7% |
| Time to Breakeven | 262 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -70.7% | -56.8% |
| % Gain to Breakeven | 241.0% | 131.3% |
| Time to Breakeven | 1,212 days | 1,480 days |
Compare to HON, TT, EMR, CMI, LII
In The Past
Johnson Controls International's stock fell -43.1% during the 2022 Inflation Shock from a high on 12/31/2021. A -43.1% loss requires a 75.6% gain to breakeven.
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About Johnson Controls International (JCI)
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Johnson Controls International (JCI):
Honeywell for commercial building systems.
Siemens for building automation and infrastructure.
AI Analysis | Feedback
```html- HVAC Systems: Designs, sells, installs, and services heating, ventilating, and air conditioning systems for various applications.
- Building Controls & Management Systems: Provides comprehensive systems for monitoring and managing building functions, climate, and operations.
- Refrigeration Systems: Offers commercial and industrial refrigeration solutions for diverse customer needs.
- Integrated Security Systems: Delivers electronic security systems, including access control and surveillance, for building protection.
- Fire Safety Systems: Provides integrated fire detection, suppression, and protection systems to ensure building safety.
- Energy Efficiency Solutions: Offers services focused on optimizing building energy performance and reducing consumption.
- Technical & Maintenance Services: Provides inspection, scheduled maintenance, repair, and replacement services for mechanical and control systems.
- Smart Building Solutions & Software: Develops data-driven smart building solutions and controls software for intelligent building management.
AI Analysis | Feedback
Johnson Controls International (JCI) primarily sells its building products, systems, and services to other companies and organizations, operating within a Business-to-Business (B2B) model. Due to the diverse and project-based nature of its business, JCI does not typically disclose specific major customer companies by name in its public filings. Instead, its customer base spans various sectors.
The major categories of customers that Johnson Controls International serves include:
- Commercial customers: Businesses operating in various commercial sectors, such as office buildings, hotels, and entertainment venues.
- Industrial customers: Manufacturing plants, factories, and other industrial facilities requiring specialized systems for their operations.
- Retail customers: Retail chains, shopping centers, and individual stores.
- Small business customers: Smaller enterprises requiring building management and security solutions.
- Institutional customers: Organizations such as hospitals, universities, schools, and cultural institutions.
- Governmental customers: Federal, state, and local government facilities and agencies.
AI Analysis | Feedback
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The emerging threat of major technology companies (e.g., Amazon, Google, Microsoft) establishing dominant, open-platform software ecosystems for integrated smart building management. These tech giants could leverage their cloud infrastructure, artificial intelligence capabilities, and ecosystem strategies to provide comprehensive building operating systems that may commoditize JCI's proprietary hardware and software solutions, shifting value away from traditional integrated systems to a software-first, platform-centric approach.
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Trade Ideas
Select ideas related to JCI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
| 02062026 | JCI | Johnson Controls International | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 4.8% | 4.8% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 328.45 |
| Mkt Cap | 76.9 |
| Rev LTM | 22,644 |
| Op Inc LTM | 3,742 |
| FCF LTM | 2,480 |
| FCF 3Y Avg | 1,919 |
| CFO LTM | 3,107 |
| CFO 3Y Avg | 2,680 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.5% |
| Rev Chg 3Y Avg | 5.8% |
| Rev Chg Q | 4.8% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 18.1% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 14.8% |
| CFO/Rev 3Y Avg | 14.3% |
| FCF/Rev LTM | 12.7% |
| FCF/Rev 3Y Avg | 11.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 76.9 |
| P/S | 3.6 |
| P/EBIT | 21.6 |
| P/E | 28.8 |
| P/CFO | 23.9 |
| Total Yield | 5.2% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -10.3% |
| 3M Rtn | 6.8% |
| 6M Rtn | 12.4% |
| 12M Rtn | 24.5% |
| 3Y Rtn | 110.7% |
| 1M Excs Rtn | -7.9% |
| 3M Excs Rtn | 5.9% |
| 6M Excs Rtn | 6.7% |
| 12M Excs Rtn | 3.3% |
| 3Y Excs Rtn | 32.8% |
Comparison Analyses
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA022388 | ACUVUE THERAVISION WITH KETOTIFEN | ketotifen fumarate | drug-eluting contact lens | 2252022 | -15.9% | -15.5% | -2.0% | -6.1% | 116.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Products & Systems | 15,967 | ||||
| Services | 6,985 | ||||
| Building Solutions Asia Pacific | 2,746 | 2,714 | 2,616 | 2,403 | |
| Building Solutions Europe, the Middle East, Africa and Latin America (EMEA/LA) | 4,096 | 3,845 | 3,884 | 3,440 | |
| Building Solutions North America | 10,330 | 9,367 | 8,685 | 8,605 | |
| Global Products | 5,159 | 9,373 | 8,483 | 7,869 | |
| Total | 22,952 | 22,331 | 25,299 | 23,668 | 22,317 |
Price Behavior
| Market Price | $130.16 | |
| Market Cap ($ Bil) | 79.5 | |
| First Trading Date | 09/28/1987 | |
| Distance from 52W High | -10.5% | |
| 50 Days | 200 Days | |
| DMA Price | $128.21 | $113.80 |
| DMA Trend | up | up |
| Distance from DMA | 1.5% | 14.4% |
| 3M | 1YR | |
| Volatility | 29.0% | 29.4% |
| Downside Capture | 6.84 | 85.59 |
| Upside Capture | 91.74 | 123.48 |
| Correlation (SPY) | 34.2% | 68.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.64 | 0.29 | 0.51 | 0.74 | 1.05 | 1.13 |
| Up Beta | 1.42 | 0.99 | 0.93 | 0.48 | 1.02 | 1.11 |
| Down Beta | 1.39 | 0.44 | 0.95 | 0.90 | 1.12 | 1.07 |
| Up Capture | 181% | 75% | 89% | 116% | 142% | 184% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 23 | 37 | 72 | 145 | 414 |
| Down Capture | -162% | -85% | -59% | 40% | 87% | 103% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 18 | 24 | 51 | 104 | 335 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JCI | |
|---|---|---|---|---|
| JCI | 68.3% | 29.4% | 1.77 | - |
| Sector ETF (XLI) | 28.0% | 19.2% | 1.16 | 73.9% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 68.2% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | 4.6% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 16.4% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 45.5% |
| Bitcoin (BTCUSD) | -15.0% | 44.2% | -0.24 | 24.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JCI | |
|---|---|---|---|---|
| JCI | 19.1% | 27.7% | 0.64 | - |
| Sector ETF (XLI) | 13.4% | 17.1% | 0.62 | 72.0% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 64.4% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | 6.3% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 12.2% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 49.6% |
| Bitcoin (BTCUSD) | 6.4% | 56.7% | 0.33 | 22.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JCI | |
|---|---|---|---|---|
| JCI | 17.1% | 27.6% | 0.61 | - |
| Sector ETF (XLI) | 13.8% | 19.8% | 0.61 | 71.4% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 64.9% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | 3.5% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 20.8% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 52.3% |
| Bitcoin (BTCUSD) | 67.5% | 66.8% | 1.07 | 16.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/4/2026 | 4.4% | 11.9% | 10.6% |
| 11/5/2025 | 8.8% | 9.8% | 2.9% |
| 7/29/2025 | -7.4% | -4.5% | -2.7% |
| 5/7/2025 | 1.1% | 8.2% | 15.2% |
| 2/5/2025 | 11.3% | 15.4% | 4.9% |
| 11/6/2024 | 8.8% | 13.8% | 11.0% |
| 7/23/2024 | -1.5% | -1.3% | 0.1% |
| 5/1/2024 | -7.1% | -0.9% | 10.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 18 |
| # Negative | 10 | 9 | 5 |
| Median Positive | 3.3% | 4.9% | 5.8% |
| Median Negative | -5.3% | -4.7% | -10.2% |
| Max Positive | 11.3% | 15.4% | 19.3% |
| Max Negative | -9.3% | -17.3% | -15.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/04/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-K |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 01/30/2024 | 10-Q |
| 09/30/2023 | 12/14/2023 | 10-K |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/01/2023 | 10-Q |
| 09/30/2022 | 11/15/2022 | 10-K |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Donofrio, John | Exec VP & General Counsel | Direct | Sell | 12112025 | 116.00 | 21,595 | 2,505,020 | 2,263,363 | Form |
| 2 | Schlitz, Lei Zhang | VP & Pres, Global Products | Direct | Sell | 11252025 | 113.20 | 32,031 | 3,625,909 | 7,559,553 | Form |
| 3 | Schlitz, Lei Zhang | VP & Pres, Global Products | Direct | Sell | 11072025 | 122.03 | 10,500 | 1,281,315 | 14,060,236 | Form |
| 4 | McConeghy, Daniel C | VP Chief Accounting & Tax Ofcr | Direct | Sell | 9042025 | 105.73 | 5,917 | 625,604 | 2,643,778 | Form |
| 5 | Manning, Nathan D | VP and President, Americas | Direct | Sell | 9042025 | 105.06 | 1,422 | 149,395 | 14,651,552 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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