Aureus
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Johnson Controls International (JCI)

F

Financial data as of Sep 30, 2025Improving · Industrials

FCF Margin4.1%Free Cash Flow / Revenue
Cash Conversion42.5%Operating CF / Net Income
Free Cash Flow$965.0M
Revenue$23.6B
Net Cash-$9.5BNet debt position
Debt / FCF10.2xElevated debt burden
Current Ratio0.93Tight short-term liquidity
YoY FCF Growth+254.2%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseD
→
-2Very high debt-to-FCF ratio (10.2x)
→
-1Current ratio below 1.0 (0.93)
→
-1Low cash conversion rate (43%)
→
+1Strong YoY FCF growth (254.2% YoY)
→
-0.5Highly volatile FCF (consistency: 1.73)
→
FinalF

Analysis Summary

Strengths

  • Strong YoY FCF growth (+254.2%)
  • FCF trend is improving

Concerns

  • Low FCF margin (4.1%)
  • Weak cash conversion (43%)
  • Heavy debt position ($9.5B)
  • High debt-to-FCF ratio (10.2x)
  • Current ratio below 1.0 — tight short-term liquidity
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin4.1%
Net Margin13.9%
Operating CF Margin5.9%
CapEx Ratio1.8%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$9.5BNet debt position
Debt / FCF10.2xElevated debt burden
Current Ratio0.93Tight liquidity
Debt / Equity0.76Low leverage

Quarterly FCF Trend

+254.2% YoYImproving (+254.2%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameJohnson Controls International
SectorIndustrials
Free Cash Flow$965.0M
Revenue$23.6B
Net Income$3.3B
Operating Cash Flow$1.4B
Capital Expenditure$434.0M
FCF Margin4.1%
Cash Conversion Rate42.5%
Net Margin13.9%
Total Debt$9.9B
Total Cash$379.0M
Net Cash-$9.5B
Current Ratio0.93
Debt / Equity0.76
Debt / FCF10.2x
YoY FCF Growth+254.2%
Positive Quarters4 of 5
Trend DirectionImproving
Report DateSep 30, 2025
GradeF
Data SourceYahoo Finance

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