PerpEquities

Equity · Industrials

Is Johnson Controls (JCI) tradable as a perp? Not yet

Johnson Controls International plc engineers, manufactures, and services building products and systems, including HVAC, controls, security, and fire detection, for commercial and governmental customers worldwide.

Not yet listed on any perp exchange

No perpetual-futures venue lists JCI yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 5h ago
Market cap
$86.8B
Updated 5h ago
Revenue
$25B
Trailing 12 months
Revenue growth
+8%
Next fiscal year
Profit margin
+14.3%
P/E
24.8
Peer P/E 30.1
Free cash flow
$2B
Trailing 12 months
More metrics
Net income
$3.6B
Trailing 12 months
P/S
3.5
Peer P/E
30.1
Similar listed perps
Revenue estimate
$25.6B
Next fiscal year
Earnings
2026-11-04
Revenue est. $7B · Updated 5h ago
Dividend
$0.4
2026-09-21

Fundamental detail

Annual + quarterly
Latest revenue$23.6B
Net margin+13.9%
Free cash flow$965M
Net debt$10.8B
2020$22.3B
2021$23.7B
2022$20.6B
2023$22.3B
2024$23B
2025$23.6B
PeriodRevenueGrowthNet incomeFCF
2020$22.3B-7%$631M$1.8B
2021$23.7B+6%$1.6B$1.9B
2022$20.6B-13%$1.5B$1.5B
2023$22.3B+8%$1.8B$1.8B
2024$23B+3%$1.7B$1.6B
2025$23.6B+3%$3.3B$965M
PeriodGross marginOperating marginNet marginROEROA
2020+33.2%+7.9%+2.8%+3.6%+1.5%
2021+34.0%+11.7%+6.9%+9.3%+3.9%
2022+34.4%+9.7%+7.4%+9.4%+3.6%
2023+35.0%+10.9%+8.3%+11.2%+4.4%
2024+35.2%+10.5%+7.4%+10.6%+4.0%
2025+36.4%+12.0%+13.9%+25.5%+8.7%
PeriodCashDebtNet debtCurrent ratio
2020$2B$7.8B$5.9B1.22
2021$1.3B$7.7B$6.4B1.10
2022$2B$9B$6.9B1.04
2023$828M$8.8B$8B0.97
2024$606M$9.5B$8.9B0.94
2025$379M$11.2B$10.8B0.93
PeriodMarket capEnterprise valueP/SP/E
2020$30.7B$36.5B1.448.6
2021$46.2B$52.6B2.029.5
2022$33.4B$40.3B1.622.2
2023$36.1B$44.1B1.619.7
2024$52.3B$61.2B2.330.7
2025$71.7B$82.5B3.041.6
Q4 2024$6.2B
Q1 2025$5.4B
Q2 2025$5.7B
Q3 2025$6.1B
Q4 2025$6.4B
Q1 2026$5.8B
Q2 2026$6.1B
Q3 2026$6.6B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$6.2B+7%$633M$1.4B
Q1 2025$5.4B+4%$419M$131M
Q2 2025$5.7B+1%$478M$505M
Q3 2025$6.1B+3%$701M$901M
Q4 2025$6.4B+3%$1.7B-$572M
Q1 2026$5.8B+7%$524M$464M
Q2 2026$6.1B+8%$613M$604M
Q3 2026$6.6B+9%$749M$1.5B
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+36.2%+14.3%+10.1%+3.9%+1.5%
Q1 2025+35.5%+9.7%+7.7%+2.6%+1.0%
Q2 2025+36.5%+11.3%+8.4%+3.0%+1.1%
Q3 2025+37.1%+13.7%+11.6%+4.4%+1.6%
Q4 2025+36.5%+12.9%+26.3%+13.1%+4.5%
Q1 2026+35.8%+14.7%+9.0%+4.0%+1.4%
Q2 2026+36.8%+13.1%+10.0%+4.5%+1.6%
Q3 2026+37.4%+14.9%+11.3%+5.6%+1.9%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$606M$9.5B$8.9B0.94
Q1 2025$1.2B$10B$8.8B1.02
Q2 2025$795M$10B$9.2B0.96
Q3 2025$731M$10.3B$9.6B0.96
Q4 2025$379M$9.9B$9.5B0.93
Q1 2026$552M$9.1B$8.6B0.83
Q2 2026$698M$9.5B$8.8B1.04
Q3 2026$641M$9.5B$8.8B0.97
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$51.6B$60.5B8.320.4
Q1 2025$53.2B$61.9B9.831.3
Q2 2025$52.8B$62B9.327.4
Q3 2025$69.2B$78.8B11.424.7
Q4 2025$69.4B$78.9B10.810.3
Q1 2026$75.5B$84.1B13.035.2
Q2 2026$79.5B$88.3B12.932.4
Q3 2026$88.7B$97.5B13.429.7

Refreshed 5h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.6BQ3 2026
$1.7B$3.3B$5B$6.6BQ4 2023: $5.9BQ1 2024: $5.2BQ2 2024: $5.6BQ3 2024: $5.9BQ4 2024: $6.2BQ1 2025: $5.4BQ2 2025: $5.7BQ3 2025: $6.1BQ4 2025: $6.4BQ1 2026: $5.8BQ2 2026: $6.1BQ3 2026: $6.6BQ4 2023Q3 2026
Net income$749MQ3 2026
$215.5M$708M$1.2B$1.7BQ4 2023: $549MQ1 2024: $374MQ2 2024: -$277MQ3 2024: $975MQ4 2024: $633MQ1 2025: $419MQ2 2025: $478MQ3 2025: $701MQ4 2025: $1.7BQ1 2026: $524MQ2 2026: $613MQ3 2026: $749MQ4 2023Q3 2026
EBITDA$988MQ3 2026
$254.8M$606.5M$958.3M$1.3BQ4 2023: $699MQ1 2024: $592MQ2 2024: -$97MQ3 2024: $1.3BQ4 2024: $953MQ1 2025: $668MQ2 2025: $759MQ3 2025: $950MQ4 2025: $711MQ1 2026: $931MQ2 2026: $972MQ3 2026: $988MQ4 2023Q3 2026
Free cash flow$1.5BQ3 2026
-$53.8M$464.5M$982.8M$1.5BQ4 2023: $1.2BQ1 2024: -$328MQ2 2024: -$331MQ3 2024: $932MQ4 2024: $1.4BQ1 2025: $131MQ2 2025: $505MQ3 2025: $901MQ4 2025: -$572MQ1 2026: $464MQ2 2026: $604MQ3 2026: $1.5BQ4 2023Q3 2026
EPS$1.22Q3 2026
$0.36$1.13$1.9$2.67Q4 2023: $0.8Q1 2024: $0.55Q2 2024: -$0.41Q3 2024: $1.45Q4 2024: $0.95Q1 2025: $0.63Q2 2025: $0.72Q3 2025: $1.07Q4 2025: $2.67Q1 2026: $0.85Q2 2026: $1Q3 2026: $1.22Q4 2023Q3 2026
Cash / Debt$641MQ3 2026
$2.7B$5.4B$8B$10.7BQ4 2023 · Cash: $828MQ4 2023 · Debt: $8.8BQ1 2024 · Cash: $1.8BQ1 2024 · Debt: $10.6BQ2 2024 · Cash: $843MQ2 2024 · Debt: $10.7BQ3 2024 · Cash: $862MQ3 2024 · Debt: $10.4BQ4 2024 · Cash: $606MQ4 2024 · Debt: $9.5BQ1 2025 · Cash: $1.2BQ1 2025 · Debt: $10BQ2 2025 · Cash: $795MQ2 2025 · Debt: $10BQ3 2025 · Cash: $731MQ3 2025 · Debt: $10.3BQ4 2025 · Cash: $379MQ4 2025 · Debt: $9.9BQ1 2026 · Cash: $552MQ1 2026 · Debt: $9.1BQ2 2026 · Cash: $698MQ2 2026 · Debt: $9.5BQ3 2026 · Cash: $641MQ3 2026 · Debt: $9.5BQ4 2023Q3 2026
CashDebt
Profitability+37.4%Q3 2026
+5.6%+16.2%+26.8%+37.4%Q4 2023 · Gross margin: +33.8%Q1 2024 · Gross margin: +34.3%Q2 2024 · Gross margin: +34.4%Q3 2024 · Gross margin: +35.8%Q4 2024 · Gross margin: +36.2%Q1 2025 · Gross margin: +35.5%Q2 2025 · Gross margin: +36.5%Q3 2025 · Gross margin: +37.1%Q4 2025 · Gross margin: +36.5%Q1 2026 · Gross margin: +35.8%Q2 2026 · Gross margin: +36.8%Q3 2026 · Gross margin: +37.4%Q4 2023 · Operating margin: +11.5%Q1 2024 · Operating margin: +8.7%Q2 2024 · Operating margin: -2.5%Q3 2024 · Operating margin: +20.6%Q4 2024 · Operating margin: +14.3%Q1 2025 · Operating margin: +9.7%Q2 2025 · Operating margin: +11.3%Q3 2025 · Operating margin: +13.7%Q4 2025 · Operating margin: +12.9%Q1 2026 · Operating margin: +14.7%Q2 2026 · Operating margin: +13.1%Q3 2026 · Operating margin: +14.9%Q4 2023 · Net margin: +9.4%Q1 2024 · Net margin: +7.2%Q2 2024 · Net margin: -4.9%Q3 2024 · Net margin: +16.5%Q4 2024 · Net margin: +10.1%Q1 2025 · Net margin: +7.7%Q2 2025 · Net margin: +8.4%Q3 2025 · Net margin: +11.6%Q4 2025 · Net margin: +26.3%Q1 2026 · Net margin: +9.0%Q2 2026 · Net margin: +10.0%Q3 2026 · Net margin: +11.3%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth+9.3%Q3 2026
+2.3%+4.6%+7.0%+9.3%Q4 2024: +6.7%Q1 2025: +4.2%Q2 2025: +1.4%Q3 2025: +2.6%Q4 2025: +3.1%Q1 2026: +6.8%Q2 2026: +8.2%Q3 2026: +9.3%Q4 2023Q3 2026
Shares outstanding613MQ3 2026
169.8M339.5M509.3M679MQ4 2023: 679MQ1 2024: 679MQ2 2024: 679MQ3 2024: 679MQ4 2024: 668.1MQ1 2025: 676MQ2 2025: 661MQ3 2025: 657.4MQ4 2025: 633.4MQ1 2026: 633.4MQ2 2026: 613MQ3 2026: 613MQ4 2023Q3 2026
Valuation29.7Q3 2026
-21.0-2.216.535.2Q4 2023 · P/E: 16.4Q1 2024 · P/E: 26.2Q2 2024 · P/E: -39.7Q3 2024 · P/E: 11.3Q4 2024 · P/E: 20.4Q1 2025 · P/E: 31.3Q2 2025 · P/E: 27.4Q3 2025 · P/E: 24.7Q4 2025 · P/E: 10.3Q1 2026 · P/E: 35.2Q2 2026 · P/E: 32.4Q3 2026 · P/E: 29.7Q4 2023 · P/S: 6.2Q1 2024 · P/S: 7.5Q2 2024 · P/S: 7.9Q3 2024 · P/S: 7.5Q4 2024 · P/S: 8.3Q1 2025 · P/S: 9.8Q2 2025 · P/S: 9.3Q3 2025 · P/S: 11.4Q4 2025 · P/S: 10.8Q1 2026 · P/S: 13.0Q2 2026 · P/S: 12.9Q3 2026 · P/S: 13.4Q4 2023Q3 2026
P/EP/S
Revenue$23.6B2025
$6B$12B$18B$24B2018: $23.4B2019: $24B2020: $22.3B2021: $23.7B2022: $20.6B2023: $22.3B2024: $23B2025: $23.6B20182025
Net income$3.3B2025
$822.8M$1.6B$2.5B$3.3B2018: $2.2B2019: $474M2020: $631M2021: $1.6B2022: $1.5B2023: $1.8B2024: $1.7B2025: $3.3B20182025
EBITDA$3.2B2025
$969.3M$1.9B$2.9B$3.9B2018: $2.9B2019: $2.2B2020: $2.1B2021: $3.9B2022: $2.1B2023: $2.1B2024: $2.8B2025: $3.2B20182025
Free cash flow$965M2025
$483.8M$967.5M$1.5B$1.9B2018: $1.9B2019: $616M2020: $1.8B2021: $1.9B2022: $1.5B2023: $1.8B2024: $1.6B2025: $965M20182025
EPS$2.632025
$0.67$1.35$2.02$2.692018: $2.322019: $0.542020: $0.842021: $2.272022: $2.192023: $2.692024: $2.522025: $2.6320182025
Cash / Debt$379M2025
$2.8B$5.6B$8.4B$11.2B2018 · Cash: $185M2018 · Debt: $10.9B2019 · Cash: $2.8B2019 · Debt: $7.2B2020 · Cash: $2B2020 · Debt: $7.8B2021 · Cash: $1.3B2021 · Debt: $7.7B2022 · Cash: $2B2022 · Debt: $9B2023 · Cash: $828M2023 · Debt: $8.8B2024 · Cash: $606M2024 · Debt: $9.5B2025 · Cash: $379M2025 · Debt: $11.2B20182025
CashDebt
Profitability+36.4%2025
+9.1%+18.2%+27.3%+36.4%2018 · Gross margin: +32.8%2019 · Gross margin: +32.1%2020 · Gross margin: +33.2%2021 · Gross margin: +34.0%2022 · Gross margin: +34.4%2023 · Gross margin: +35.0%2024 · Gross margin: +35.2%2025 · Gross margin: +36.4%2018 · Operating margin: +8.2%2019 · Operating margin: +6.0%2020 · Operating margin: +7.9%2021 · Operating margin: +11.7%2022 · Operating margin: +9.7%2023 · Operating margin: +10.9%2024 · Operating margin: +10.5%2025 · Operating margin: +12.0%2018 · Net margin: +9.2%2019 · Net margin: +2.0%2020 · Net margin: +2.8%2021 · Net margin: +6.9%2022 · Net margin: +7.4%2023 · Net margin: +8.3%2024 · Net margin: +7.4%2025 · Net margin: +13.9%20182025
Gross marginOperating marginNet margin
Revenue growth+2.8%2025
-7.6%-2.3%+3.0%+8.2%2019: +2.4%2020: -6.9%2021: +6.1%2022: -12.8%2023: +8.2%2024: +2.8%2025: +2.8%20182025
Shares outstanding654.1M2025
218.6M437.2M655.7M874.3M2018: 679M2019: 874.3M2020: 753.6M2021: 721.1M2022: 679M2023: 679M2024: 676M2025: 654.1M20182025
Valuation41.62025
20.140.360.480.62018 · P/E: 15.02019 · P/E: 80.62020 · P/E: 48.62021 · P/E: 29.52022 · P/E: 22.22023 · P/E: 19.72024 · P/E: 30.72025 · P/E: 41.62018 · P/S: 1.02019 · P/S: 1.62020 · P/S: 1.42021 · P/S: 2.02022 · P/S: 1.62023 · P/S: 1.62024 · P/S: 2.32025 · P/S: 3.020182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.07$25.6B+8%12
FY 20276.09$27.6B+17%12
FY 20287.14$29.7B+26%7
FY 20298.38$32.4B+37%2
FY 20309.68$34.5B+46%4
Q4 20261.12$6.3B-3%6

Company events

6
2026-11-04EarningsActual - / Estimate 1.58-
2026-09-21Dividend$0.4-
2026-07-29EarningsActual 1.42 / Estimate 1.3Beat
2026-06-15Dividend$0.4-
2026-05-06EarningsActual 1.19 / Estimate 1.12Beat
2026-03-16Dividend$0.4-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
HWM$91.9B10.149.2+20.5%1GD$95.6B1.721.3+8.2%2PWR$95.7B2.972.0+4.1%1VRT$96.8B8.455.6+15.1%13NOC$74.9B1.716.7+10.5%3LMT$123.2B1.619.6+8.2%6ROK$46.2B5.238.9+13.4%5SUMIELEC$41.4B1.216.2+7.6%2

Analyst track record

How the analysts covering JCI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings88324
Analysts1926
Buy / hold / sell51 / 36 / 1194 / 124 / 6
Upgrades / downgrades / initiations1 / 0 / 28 / 10 / 4
Price targets hit / missed35 / 42 (45%)256 / 42 (86%)
Avg. return after a rating (TipRanks)-2.7%+63.5%
Best / worst call+39.7% / -43.6%+193.9% / -43.6%

After buy calls on this stock: median 21-day move +2.3% vs S&P 500 +0.4% (n = 191)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Joe O'DeaWells Fargo100% hit rate on this stock · 63 targets measuredBuytarget $160Jun 2, 2026
  2. Stephen TusaJ.P. Morgan100% hit rate on this stock · 13 targets measuredBuytarget $158Feb 6, 2026
  3. Noah KayeOppenheimer100% hit rate on this stock · 11 targets measuredHoldno targetNov 6, 2025

Latest ratings

DateAnalystCallTarget
Sep 21, 2026Unknown AnalystBernsteinBuyMaintained$190article ↗
Sep 21, 2026Unknown AnalystBernsteinBuyMaintained$190
Sep 17, 2026Amit MehrotraUBSBuyReiterated$180article ↗
Sep 3, 2026Andrew ObinBank of America SecuritiesBuyMaintained–article ↗
Sep 3, 2026Unknown AnalystBernsteinBuyMaintained$190article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$120$130$140$150$160Oct 25 · Buy 9 · Hold 7 · Sell 0Oct 25Nov 25 · Buy 8 · Hold 7 · Sell 0Dec 25 · Buy 7 · Hold 7 · Sell 0Dec 25Jan 26 · Buy 7 · Hold 6 · Sell 0Feb 26 · Buy 6 · Hold 6 · Sell 0Feb 26Mar 26 · Buy 6 · Hold 6 · Sell 0Apr 26 · Buy 6 · Hold 7 · Sell 1Apr 26May 26 · Buy 8 · Hold 6 · Sell 1Jun 26 · Buy 11 · Hold 6 · Sell 1Jun 26Jul 26 · Buy 9 · Hold 7 · Sell 1Aug 26 · Buy 8 · Hold 7 · Sell 1Aug 26Sep 26 · Buy 8 · Hold 7 · Sell 1Oct 25 · avg. target $117Nov 25 · avg. target $127Dec 25 · avg. target $128Jan 26 · avg. target $132Feb 26 · avg. target $140Mar 26 · avg. target $141Apr 26 · avg. target $141May 26 · avg. target $149Jun 26 · avg. target $163Jul 26 · avg. target $160Aug 26 · avg. target $163Sep 26 · avg. target $163Oct 25 · month-end close $114Nov 25 · month-end close $116Dec 25 · month-end close $120Jan 26 · month-end close $119Feb 26 · month-end close $144Mar 26 · month-end close $131Apr 26 · month-end close $146May 26 · month-end close $134Jun 26 · month-end close $146Jul 26 · month-end close $147Aug 26 · month-end close $138Sep 26 · month-end close $141

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 21, 2026 · 88 ratings