Carrier Global Corporation (CARR) vs Johnson Controls International plc (JCI)

Carrier Global Corporation and Johnson Controls International plc are both Building Products & Equipment companies. Johnson Controls International plc is the larger, with a market value of $88.1B against $45.3B — 1.9× the size. Johnson Controls International plc trades at the lower P/E: 26.0× against 38.9×. Johnson Controls International plc grew revenue faster over the last twelve months: 6.81% against −1.58%. Johnson Controls International plc has the higher net margin (14.3% vs 5.52%) and the higher return on invested capital (8.35% vs 4.47%). Both pay a dividend; Johnson Controls International plc yields more (2.65% vs 1.30%). Across the 23 metrics below, Johnson Controls International plc leads on 14 and Carrier Global Corporation on 9.

Valuation

Metric CARR JCI Building Products & Equipment median
P/E 38.88 26.03 24.54
P/S 2.11 3.65 2.00
P/B 3.47 6.76 3.02
Price to free cash flow 24.21 28.50 18.49
EV/EBITDA 19.05 26.62 12.63
EV/Sales 2.59 4.01 2.14
Earnings yield 2.57% 3.84% 2.74%
Free cash flow yield 4.13% 3.51% 3.58%

Profitability

Metric CARR JCI Building Products & Equipment median
Gross margin 24.34% 36.65% 29.19%
Operating margin 7.80% 11.95% 6.84%
Net margin 5.52% 14.32% 4.05%
Free cash flow margin 8.72% 12.82% 8.72%
Return on equity 8.57% 23.42% 9.28%
Return on assets 3.22% 8.71% 2.88%
Return on invested capital 4.47% 8.35% 5.16%

Growth

Metric CARR JCI Building Products & Equipment median
Revenue growth (TTM) (1.58%) 6.81% 3.11%
EPS growth (last fiscal year) (72.03%) 99.60% —
Revenue growth, 5-year CAGR 4.49% 1.12% 5.37%
Net income growth, 5-year CAGR (5.62%) 39.14% 0.00%

Health

Metric CARR JCI Building Products & Equipment median
Debt to equity 0.89 0.70 0.43
Current ratio 1.02 1.00 1.82
Net debt to EBITDA 2.98 3.02 0.98

Dividend

Metric CARR JCI Building Products & Equipment median
Dividend yield 1.30% 2.65% 1.20%
Payout ratio 0.28 0.48 0.04

Size

Metric CARR JCI Building Products & Equipment median
Market cap 45.33b 88.05b 1.18b

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