Johnson Controls International (JCI) financial statements
Johnson Controls International reported revenue of $23.6B in fiscal 2025, up 1.4% a year over 9 years.
Net income was $3.3B.
Free cash flow was $2.1B, and the company returned $976M in dividends and $6.0B in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Johnson Controls International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.8B | $22.8B | $23.4B | $24.0B | $22.3B | $23.7B | $20.6B | $22.3B | $23.0B | $23.6B |
| Cost of revenue | $15.2B | $15.3B | $15.7B | $16.3B | $14.9B | $15.6B | $13.5B | $14.5B | $14.9B | $15.0B |
| Gross profit | $5.7B | $7.5B | $7.7B | $7.7B | $7.4B | $8.1B | $7.1B | $7.8B | $8.1B | $8.6B |
| Research and development | $158M | $307M | $310M | $319M | $274M | $275M | $236M | $251M | $267M | $273M |
| Selling, general and admin | $4.2B | $5.7B | $5.6B | $6.2B | $5.7B | $5.3B | $5.1B | $5.4B | $5.7B | $5.8B |
| Interest expense | $293M | $446M | $409M | $335M | $240M | $219M | $225M | — | — | — |
| Pre-tax income | $1.1B | $1.2B | $1.5B | $1.1B | $903M | $2.6B | $1.1B | $1.1B | $1.5B | $2.0B |
| Income tax | $197M | $322M | $197M | -$233M | $108M | $868M | -$182M | -$468M | $111M | $245M |
| Net income | -$868M | $1.6B | $2.2B | $5.7B | $631M | $1.6B | $1.5B | $1.8B | $1.7B | $3.3B |
| EPS (diluted) | -$1.29 | $1.71 | $2.32 | $6.49 | $0.84 | $2.27 | $2.19 | $2.69 | $2.52 | $5.03 |
| Diluted shares | 673M | 945M | 932M | 874M | 754M | 721M | 700M | 687M | 676M | 654M |
| Gross margin | 27.1% | 33.0% | 32.8% | 32.1% | 33.2% | 34.1% | 34.4% | 34.9% | 35.2% | 36.4% |
| Net margin | -4.2% | 7.1% | 9.2% | 23.7% | 2.8% | 6.9% | 7.4% | 8.3% | 7.4% | 13.9% |
Balance sheet
Fiscal years, from Johnson Controls International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $579M | $301M | $185M | $2.8B | $2.0B | $1.3B | $2.0B | $828M | $606M | $379M |
| Receivables | $6.4B | $6.7B | $5.6B | $5.8B | $5.3B | $5.6B | $5.7B | $5.5B | $6.1B | $6.3B |
| Inventory | $2.9B | $3.2B | $1.8B | $1.8B | $1.8B | $2.1B | $2.7B | $1.9B | $1.8B | $1.8B |
| Total current assets | $17.1B | $12.3B | $11.8B | $12.4B | $10.1B | $10.0B | $11.7B | $10.7B | $11.2B | $10.2B |
| Property, plant and equipment | $5.6B | $3.3B | $3.3B | $3.3B | $3.1B | $3.2B | $2.3B | $2.4B | $2.4B | $2.2B |
| Goodwill | $21.0B | $18.6B | $18.4B | $18.2B | $17.9B | $18.3B | $16.2B | $16.8B | $16.7B | $16.6B |
| Total assets | $63.2B | $51.9B | $48.8B | $42.3B | $40.8B | $41.9B | $42.2B | $42.2B | $42.7B | $37.9B |
| Total current liabilities | $16.3B | $11.9B | $11.2B | $9.1B | $8.2B | $9.1B | $11.2B | $11.1B | $12.0B | $10.9B |
| Long-term debt | $11.1B | $12.0B | $9.6B | $6.7B | $7.5B | $7.5B | $7.4B | $7.8B | $8.0B | $8.6B |
| Total liabilities | $38.1B | $30.5B | $26.3B | $21.5B | $22.3B | $23.1B | $24.8B | $24.5B | $25.3B | $25.0B |
| Shareholders' equity | $24.1B | $20.4B | $21.2B | $19.8B | $17.4B | $17.6B | $16.3B | $16.5B | $16.1B | $12.9B |
| Net debt | $10.5B | $11.7B | $9.4B | $3.9B | $5.6B | $6.2B | $5.4B | $7.0B | $7.4B | $8.2B |
Cash flow
Fiscal years, from Johnson Controls International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.9B | $371M | $1.5B | $1.7B | $2.5B | $2.6B | $1.2B | $1.9B | $1.6B | $2.6B |
| Capital spending | $1.2B | $760M | $645M | $586M | $443M | $552M | $487M | $446M | $494M | $434M |
| Free cash flow | $659M | -$389M | $875M | $1.2B | $2.0B | $2.0B | $750M | $1.4B | $1.1B | $2.1B |
| Stock-based compensation | $142M | $134M | $106M | $95M | $74M | $76M | $98M | $107M | $107M | $140M |
| Dividends paid | $915M | $702M | $954M | $920M | $790M | $762M | $916M | $980M | $1.0B | $976M |
| Share buybacks (net) | -$501M | -$651M | -$300M | -$6.0B | -$2.2B | -$1.3B | -$1.4B | -$625M | -$1.2B | -$6.0B |
| Net borrowing | -$1.3B | -$1.3B | -$3.7B | -$2.3B | -$1.4B | $227M | $1.6B | -$382M | $357M | $117M |
| Free cash flow margin | 3.2% | -1.7% | 3.7% | 4.8% | 9.1% | 8.4% | 3.6% | 6.3% | 4.7% | 9.0% |
| Dividends per share | $1.36 | $0.74 | $1.02 | $1.05 | $1.05 | $1.06 | $1.31 | $1.43 | $1.48 | $1.49 |
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Open JCI in InvestinglyQuestions
What was Johnson Controls International's revenue in 2025?
$23.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Johnson Controls International generate?
$2.1B in fiscal 2025 (operating cash flow minus capital spending).
From Johnson Controls International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.