Johnson Controls International Financials

JCI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE September

This page shows Johnson Controls International (JCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 57/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Johnson Controls International's revenue grew a modest 2.8% year-over-year to $23.6B. This slow but positive growth earns a score of 37/100.

Leverage

Johnson Controls International carries a low D/E ratio of 0.71, meaning only $0.71 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Johnson Controls International's current ratio of 0.93 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow

Johnson Controls International has a free cash flow margin of 9.0%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Johnson Controls International earns a strong 25.5% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 10.6% the prior year.

Piotroski F-Score Neutral

6/9

Johnson Controls International passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.78x

For every $1 of reported earnings, Johnson Controls International generates $0.78 in operating cash flow ($2.6B OCF vs $3.3B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$23.6B

YoY+2.8%

5Y CAGR+1.1%

10Y CAGR+9.1%

Johnson Controls International generated $23.6B in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.

EBITDA

N/A

Free Cash Flow

$2.1B

YoY+97.4%

5Y CAGR+0.8%

10Y CAGR+16.4%

Johnson Controls International generated $2.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 97.4% from the prior year.

Net Income

$3.3B

YoY+93.0%

5Y CAGR+39.1%

10Y CAGR+7.7%

Johnson Controls International reported $3.3B in net income in fiscal year 2025. This represents an increase of 93.0% from the prior year.

EPS (Diluted)

$5.03

YoY+99.6%

5Y CAGR+43.0%

10Y CAGR+7.9%

Johnson Controls International earned $5.03 per diluted share (EPS) in fiscal year 2025. This represents an increase of 99.6% from the prior year.

Cash & Debt

$379.0M

YoY-37.5%

5Y CAGR-27.9%

10Y CAGR-3.7%

Johnson Controls International held $379.0M in cash against $9.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.51

YoY+2.0%

5Y CAGR+7.7%

10Y CAGR+3.8%

Johnson Controls International paid $1.51 per share in dividends in fiscal year 2025. This represents an increase of 2.0% from the prior year.

Shares Outstanding

611M

YoY-7.7%

5Y CAGR-3.3%

10Y CAGR+3.8%

Johnson Controls International had 611M shares outstanding in fiscal year 2025. This represents a decrease of 7.7% from the prior year.

Gross Margin

36.4%

YoY+1.2pp

5Y CAGR+3.2pp

10Y CAGR+63.3pp

Johnson Controls International's gross margin was 36.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

14.0%

YoY+6.5pp

5Y CAGR+11.1pp

10Y CAGR-1.8pp

Johnson Controls International's net profit margin was 14.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.5 percentage points from the prior year.

Return on Equity

25.5%

YoY+14.9pp

5Y CAGR+21.8pp

10Y CAGR+10.3pp

Johnson Controls International's ROE was 25.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 14.9 percentage points from the prior year.

R&D Spending

$273.0M

YoY+2.2%

5Y CAGR-0.1%

10Y CAGR+7.4%

Johnson Controls International invested $273.0M in research and development in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Share Buybacks

$6.0B

YoY+380.8%

5Y CAGR+22.1%

10Y CAGR+16.0%

Johnson Controls International spent $6.0B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 380.8% from the prior year.

Capital Expenditures

$434.0M

YoY-12.1%

5Y CAGR-0.4%

10Y CAGR-9.2%

Johnson Controls International invested $434.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.1% from the prior year.

JCI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.6B+2.8%	$23.0B+2.8%	$22.3B+8.2%	$20.6B-12.8%	$23.7B+6.1%	$22.3B
Cost of Revenue	$15.0B+0.9%	$14.9B+2.4%	$14.5B+7.2%	$13.5B-13.2%	$15.6B+4.7%	$14.9B
Gross Profit	$8.6B+6.4%	$8.1B+3.5%	$7.8B+10.1%	$7.1B-12.0%	$8.1B+8.7%	$7.4B
R&D Expenses	$273.0M+2.2%	$267.0M+6.4%	$251.0M+6.4%	$236.0M-14.2%	$275.0M+0.4%	$274.0M
SG&A Expenses	$5.8B+1.8%	$5.7B+5.1%	$5.4B+6.1%	$5.1B-3.4%	$5.3B-7.2%	$5.7B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	$225.0M+2.7%	$219.0M-8.8%	$240.0M
Income Tax	$245.0M+120.7%	$111.0M+123.7%	-$468.0M-157.1%	-$182.0M-121.0%	$868.0M+703.7%	$108.0M
Net Income	$3.3B+93.0%	$1.7B-7.8%	$1.8B+20.7%	$1.5B-6.4%	$1.6B+159.4%	$631.0M
EPS (Diluted)	$5.03+99.6%	$2.52-6.3%	$2.69+22.8%	$2.19-3.5%	$2.27+170.2%	$0.84

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24
Revenue	$5.8B	N/A	$6.1B+6.6%	$5.7B+4.6%	$5.4B	N/A	$5.9B+5.4%	$5.6B
Cost of Revenue	$3.7B	N/A	$3.8B+5.5%	$3.6B+3.1%	$3.5B	N/A	$3.8B+3.1%	$3.7B
Gross Profit	$2.1B	N/A	$2.2B+8.6%	$2.1B+7.4%	$1.9B	N/A	$2.1B+9.7%	$1.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2B	N/A	$1.4B-0.7%	$1.4B+2.0%	$1.4B	N/A	$895.0M-56.6%	$2.1B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.0M	N/A	N/A	N/A	$67.0M	N/A	$81.0M-16.5%	$97.0M
Income Tax	$152.0M	N/A	$87.0M+234.6%	$26.0M-44.7%	$47.0M	N/A	$174.0M+213.7%	-$153.0M
Net Income	$524.0M	N/A	$701.0M+46.7%	$478.0M+14.1%	$419.0M	N/A	$975.0M+452.0%	-$277.0M
EPS (Diluted)	$0.85	N/A	$1.07+48.6%	$0.72+14.3%	$0.63	N/A	$1.45+453.7%	$-0.41

JCI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$37.9B-11.1%	$42.7B+1.1%	$42.2B+0.2%	$42.2B+0.6%	$41.9B+2.6%	$40.8B
Current Assets	$10.2B-9.1%	$11.2B+4.1%	$10.7B-8.1%	$11.7B+16.9%	$10.0B-0.5%	$10.1B
Cash & Equivalents	$379.0M-37.5%	$606.0M-26.8%	$828.0M-59.2%	$2.0B+51.9%	$1.3B-31.5%	$2.0B
Inventory	$1.8B+2.6%	$1.8B-5.2%	$1.9B-29.8%	$2.7B+29.6%	$2.1B+16.0%	$1.8B
Accounts Receivable	$6.3B+3.6%	$6.1B+10.1%	$5.5B-4.1%	$5.7B+2.0%	$5.6B+6.0%	$5.3B
Goodwill	$16.6B-0.6%	$16.7B-0.3%	$16.8B+3.7%	$16.2B-11.8%	$18.3B+2.2%	$17.9B
Total Liabilities	$25.0B-6.0%	$26.6B+3.5%	$25.7B-0.7%	$25.9B+6.4%	$24.3B+4.1%	$23.4B
Current Liabilities	$10.9B-8.5%	$12.0B+7.9%	$11.1B-1.4%	$11.2B+23.5%	$9.1B+10.3%	$8.2B
Long-Term Debt	$9.2B+7.3%	$8.6B+1.3%	$8.5B+14.0%	$7.4B-1.1%	$7.5B-0.3%	$7.5B
Total Equity	$12.9B-19.7%	$16.1B-2.7%	$16.5B+1.7%	$16.3B-7.4%	$17.6B+0.7%	$17.4B
Retained Earnings	$0-100.0%	$848.0M-38.7%	$1.4B+20.2%	$1.2B-43.2%	$2.0B-18.0%	$2.5B

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24
Total Assets	$38.0B+0.1%	$37.9B-12.6%	$43.4B+2.4%	$42.4B+0.6%	$42.1B-1.4%	$42.7B-1.5%	$43.3B-0.3%	$43.5B
Current Assets	$10.4B+2.7%	$10.2B-14.2%	$11.8B+4.4%	$11.3B+0.5%	$11.3B+1.0%	$11.2B-8.0%	$12.2B+2.3%	$11.9B
Cash & Equivalents	$552.0M+45.6%	$379.0M-48.2%	$731.0M-8.1%	$795.0M-35.7%	$1.2B+104.1%	$606.0M-29.4%	$858.0M+2.4%	$838.0M
Inventory	$1.9B+6.2%	$1.8B-0.5%	$1.8B+4.2%	$1.8B+1.0%	$1.7B-2.0%	$1.8B-38.0%	$2.9B-4.3%	$3.0B
Accounts Receivable	$6.2B-1.3%	$6.3B+1.9%	$6.2B+5.0%	$5.9B+4.3%	$5.6B-7.2%	$6.1B-9.2%	$6.7B-0.3%	$6.7B
Goodwill	$16.6B-0.1%	$16.6B-0.5%	$16.7B+1.2%	$16.5B+0.6%	$16.4B-1.9%	$16.7B-5.4%	$17.7B-0.5%	$17.8B
Total Liabilities	$24.8B-0.9%	$25.0B-9.3%	$27.6B+3.8%	$26.6B+1.4%	$26.2B-1.5%	$26.6B-2.8%	$27.4B-1.6%	$27.8B
Current Liabilities	$10.5B-4.0%	$10.9B-11.4%	$12.3B+4.5%	$11.8B+6.6%	$11.1B-7.3%	$12.0B-6.0%	$12.7B-6.4%	$13.6B
Long-Term Debt	$8.7B-5.4%	$9.2B+8.9%	$8.4B+3.4%	$8.2B-4.9%	$8.6B+0.2%	$8.6B+8.9%	$7.9B+7.1%	$7.3B
Total Equity	$13.2B+2.1%	$12.9B-18.3%	$15.8B+0.2%	$15.8B-0.6%	$15.9B-1.2%	$16.1B+0.8%	$16.0B+2.0%	$15.7B
Retained Earnings	$278.0M	$0-100.0%	$746.0M+24.5%	$599.0M-13.3%	$691.0M-18.5%	$848.0M+2.0%	$831.0M+63.9%	$507.0M

JCI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.6B+62.9%	$1.6B-15.5%	$1.9B+50.0%	$1.2B-51.5%	$2.6B+2.9%	$2.5B
Capital Expenditures	$434.0M-12.1%	$494.0M+10.8%	$446.0M-8.4%	$487.0M-11.8%	$552.0M+24.6%	$443.0M
Free Cash Flow	$2.1B+97.4%	$1.1B-23.8%	$1.4B+88.0%	$750.0M-62.5%	$2.0B-1.8%	$2.0B
Investing Cash Flow	N/A	N/A	-$1.2B-70.9%	-$693.0M+36.4%	-$1.1B-322.5%	-$258.0M
Financing Cash Flow	N/A	N/A	-$2.2B-321.3%	-$516.0M+75.8%	-$2.1B+24.5%	-$2.8B
Dividends Paid	$976.0M-2.4%	$1.0B+2.0%	$980.0M+7.0%	$916.0M+20.2%	$762.0M-3.5%	$790.0M
Share Buybacks	$6.0B+380.8%	$1.2B+99.4%	$625.0M-56.6%	$1.4B+10.3%	$1.3B-40.7%	$2.2B

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24
Operating Cash Flow	$611.0M-36.9%	$968.0M+23.0%	$787.0M+43.1%	$550.0M+120.9%	$249.0M-81.6%	$1.4B+107.0%	$653.0M+441.9%	-$191.0M
Capital Expenditures	$80.0M-38.5%	$130.0M+38.3%	$94.0M0.0%	$94.0M-19.0%	$116.0M-40.5%	$195.0M+119.1%	$89.0M-30.5%	$128.0M
Free Cash Flow	$531.0M-36.6%	$838.0M+20.9%	$693.0M+52.0%	$456.0M+242.9%	$133.0M-88.5%	$1.2B+105.1%	$564.0M+276.8%	-$319.0M
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$99.0M+27.7%	-$137.0M
Financing Cash Flow	-$464.0M	N/A	N/A	N/A	$201.0M	N/A	-$999.0M-81.3%	-$551.0M
Dividends Paid	$245.0M+0.8%	$243.0M0.0%	$243.0M-0.8%	$245.0M0.0%	$245.0M-0.8%	$247.0M-0.8%	$249.0M-1.2%	$252.0M
Share Buybacks	$0-100.0%	$5.0B+1519.7%	$310.0M-6.1%	$330.0M0.0%	$330.0M-10.8%	$370.0M-8.0%	$402.0M-15.2%	$474.0M

JCI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	36.4%+1.2pp	35.2%+0.2pp	34.9%+0.6pp	34.4%+0.3pp	34.1%+0.8pp	33.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.0%+6.5pp	7.4%-0.8pp	8.3%+0.9pp	7.4%+0.5pp	6.9%+4.1pp	2.8%
Return on Equity	25.5%+14.9pp	10.6%-0.6pp	11.2%+1.8pp	9.4%+0.1pp	9.3%+5.7pp	3.6%
Return on Assets	8.7%+4.7pp	4.0%-0.4pp	4.4%+0.8pp	3.6%-0.3pp	3.9%+2.4pp	1.6%
Current Ratio	0.930.0	0.94-0.0	0.97-0.1	1.04-0.1	1.10-0.1	1.22
Debt-to-Equity	0.71+0.2	0.53+0.0	0.51+0.1	0.46+0.0	0.430.0	0.43
FCF Margin	9.0%+4.3pp	4.7%-1.6pp	6.3%+2.7pp	3.6%-4.8pp	8.5%-0.7pp	9.1%

Metric	Q1'26	Q1'25	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24
Gross Margin	35.8%	N/A	37.1%+0.7pp	36.4%+1.0pp	35.5%	N/A	35.8%+1.4pp	34.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	9.0%	N/A	11.6%+3.2pp	8.4%+0.7pp	7.7%	N/A	16.5%+21.5pp	-5.0%
Return on Equity	4.0%	N/A	4.4%+1.4pp	3.0%+0.4pp	2.6%	N/A	6.1%+3.5pp	2.6%
Return on Assets	1.4%	N/A	1.6%+0.5pp	1.1%+0.1pp	1.0%	N/A	2.3%+2.9pp	-0.6%
Current Ratio	0.99+0.1	0.93-0.0	0.960.0	0.96-0.1	1.02+0.1	0.94-0.0	0.96+0.1	0.87
Debt-to-Equity	0.66-0.1	0.71+0.2	0.53+0.0	0.52-0.0	0.540.0	0.53+0.0	0.49+0.0	0.47
FCF Margin	9.2%	N/A	11.5%+3.4pp	8.0%+5.6pp	2.5%	N/A	9.6%+15.3pp	-5.7%

Note: The current ratio is below 1.0 (0.93), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Johnson Controls International's annual revenue?

Johnson Controls International (JCI) reported $23.6B in total revenue for fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Johnson Controls International's revenue growing?

Johnson Controls International (JCI) revenue grew by 2.8% year-over-year, from $23.0B to $23.6B in fiscal year 2025.

Is Johnson Controls International profitable?

Yes, Johnson Controls International (JCI) reported a net income of $3.3B in fiscal year 2025, with a net profit margin of 14.0%.

What is Johnson Controls International's earnings per share (EPS)?

Johnson Controls International (JCI) reported diluted earnings per share of $5.03 for fiscal year 2025. This represents a 99.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Johnson Controls International have?

As of fiscal year 2025, Johnson Controls International (JCI) had $379.0M in cash and equivalents against $9.2B in long-term debt.

What is Johnson Controls International's gross margin?

Johnson Controls International (JCI) had a gross margin of 36.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Johnson Controls International's net profit margin?

Johnson Controls International (JCI) had a net profit margin of 14.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Johnson Controls International pay dividends?

Yes, Johnson Controls International (JCI) paid $1.51 per share in dividends during fiscal year 2025.

What is Johnson Controls International's return on equity (ROE)?

Johnson Controls International (JCI) has a return on equity of 25.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Johnson Controls International's free cash flow?

Johnson Controls International (JCI) generated $2.1B in free cash flow during fiscal year 2025. This represents a 97.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Johnson Controls International's operating cash flow?

Johnson Controls International (JCI) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Johnson Controls International's total assets?

Johnson Controls International (JCI) had $37.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Johnson Controls International's capital expenditures?

Johnson Controls International (JCI) invested $434.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Johnson Controls International spend on research and development?

Johnson Controls International (JCI) invested $273.0M in research and development during fiscal year 2025.

Does Johnson Controls International buy back shares?

Yes, Johnson Controls International (JCI) spent $6.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Johnson Controls International have outstanding?

Johnson Controls International (JCI) had 611M shares outstanding as of fiscal year 2025.

What is Johnson Controls International's current ratio?

Johnson Controls International (JCI) had a current ratio of 0.93 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Johnson Controls International's debt-to-equity ratio?

Johnson Controls International (JCI) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Johnson Controls International's return on assets (ROA)?

Johnson Controls International (JCI) had a return on assets of 8.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Johnson Controls International's Piotroski F-Score?

Johnson Controls International (JCI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Johnson Controls International's earnings high quality?

Johnson Controls International (JCI) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Johnson Controls International?

Johnson Controls International (JCI) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.