Johnson Controls
Equips and services commercial buildings with HVAC, controls, fire protection, security and software.
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Profile
Designs, installs and services commercial HVAC, refrigeration, controls, fire protection, security and building software across the Americas, EMEA and Asia Pacific. A direct field network turns equipment installations into recurring maintenance, retrofit and replacement work.
Engineers, installs and services commercial HVAC, industrial refrigeration, building controls, fire detection and suppression, security systems and digital building software. YORK, Silent-Aire, Frick and Sabroe anchor thermal-management equipment; Metasys and OpenBlue add controls, automation and digital services, while Simplex and Ansul cover fire protection. Solutions serve data centers, hospitals, campuses, factories, offices, airports and government facilities across the Americas, EMEA and Asia Pacific.
A direct sales and service network links equipment installation to recurring inspection, maintenance, repair, retrofit and replacement work. The installed base supports repeat service and cross-selling across building systems. Demand depends on building construction, retrofits, maintenance budgets and customer access to project financing, while refrigerant, energy-efficiency, fire-safety and security-licensing rules shape product design and deployment.
Company facts
Key statistics
Year to date +14.1% · Average volume (30d) 3.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Bernstein | Reiterate | Outperform | $176 | $190 |
| Aug 7, 2026 | Argus Research | Target | $88 | $175 | |
| Jun 9, 2026 | Bernstein | Target | $176 | ||
| Jun 9, 2026 | Morgan Stanley | Reiterate | Overweight | $140 | $175 |
| Jun 3, 2026 | Wolfe Research | Target | $83 | $171 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $1.30 | $1.42 | +9.2% | $6.46B | $6.61B | +2.3% | −0.61% |
| May 6, 2026Q2 FY26 | $1.12 | $1.19 | +6.2% | $6.08B | $6.14B | +1.1% | −2.72% |
| Feb 4, 2026Q1 FY26 | $0.84 | $0.89 | +5.8% | $5.64B | $5.80B | +2.8% | +2.34% |
| Nov 5, 2025Q4 FY25 | $1.20 | $1.26 | +5.0% | $6.33B | $6.44B | +1.8% | +1.15% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.68B | $6.05B | $6.44B | $5.80B | $6.14B | $6.61B | |
| Gross profit | $2.07B | $2.25B | $2.35B | $2.07B | $2.26B | $2.47B | |
| Operating income | $642.0M | $829.0M | $830.0M | $853.0M | $804.0M | $987.0M | |
| Net income | $478.0M | $701.0M | $1.69B | $524.0M | $613.0M | $749.0M | |
| Diluted EPS | $0.72 | $1.07 | $2.67 | $0.85 | $1.00 | $1.22 | |
| Gross margin | 36.5% | 37.1% | 36.5% | 35.8% | 36.8% | 37.4% | |
| Operating margin | 11.3% | 13.7% | 12.9% | 14.7% | 13.1% | 14.9% |
Fiscal years (4-quarter sums)FY21 $23.67B · FY22 $25.30B · FY23 $25.74B · FY24 $22.95B · FY25 $23.60B
Revenue by product · Q3 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $641.0M · Total debt $9.48B · Total assets $38.76B · Shareholders' equity $13.48B
Dividends
Raised for 8 straight years — most recently to $0.40 from $0.37 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jul 10 | $0.40 | |
| Mar 16, 2026 | Mar 16 | Apr 10 | $0.40 | |
| Dec 22, 2025 | Dec 22 | Jan 16 | $0.40 | |
| Sep 22, 2025 | Sep 22 | Oct 17 | $0.40 | raised from $0.37 |
| Jun 23, 2025 | Jun 23 | Jul 18 | $0.37 | |
| Mar 24, 2025 | Mar 24 | Apr 17 | $0.37 | |
| Dec 23, 2024 | Dec 23 | Jan 17 | $0.37 | |
| Sep 25, 2024 | Sep 25 | Oct 18 | $0.37 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 605.74M · Float 603.78M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dodge & Cox | 55.78M | 9.21% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 54.41M | 8.98% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 39.85M | 6.58% | 13F | Aug 13, 2026 |
| State Street Corp | 28.28M | 4.67% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 20.28M | 3.35% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Pierre E. Cohade | director | −3,300 | $147.79 |
| Aug 4, 2026 | Lei Zhang Schlitz | officer: VP & Pres, GP & Solutions | −23,417 | $153.07 |
| Jun 9, 2026 | Todd M. Grabowski | officer: VP and President, Americas | −1,800 | $146.20 |
| May 14, 2026 | Todd M. Grabowski | officer: VP and President, Americas | −4,274 | $145.50 |
| May 8, 2026 | Lei Zhang Schlitz | officer: VP & Pres, GP & Solutions | −88,809 | $140.99 |
Peers
- Honeywell Technologies
Broad rival in BMS, fire/security, and OT cybersecurity for commercial buildings
- Carrier Global
Head-to-head in commercial HVAC equipment and building controls in North America
- Trane Technologies
Pure-play commercial HVAC rival — chillers, rooftops, and retrofit programs
- Vertiv
Data-center thermal management rival — Liebert cooling vs. Silent-Aire/York
- APi Group
Leading fire/life-safety services rival — inspection, testing, and suppression
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Johnson Controls | $139.59 | +0.01% | $84.56B | 24.3 | 24.2 | 3.4 | +9.3% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| Carrier Global | $58.46 | −0.55% | $48.46B | 40.8 | 19.2 | 2.2 | +3.9% |
| Trane Technologies | $445.75 | −0.75% | $98.78B | 34.0 | 27.3 | 4.4 | +10.6% |
| Vertiv | $259.11 | +0.86% | $98.97B | 58.2 | 32.8 | 8.6 | +24.1% |
| APi Group | $39.65 | −0.11% | $17.15B | — | 21.5 | 2.0 | +13.3% |
| Median | 37.4 | 23.7 | 2.2 | +10.6% |