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 $79.6B against $43.5B — 1.8× the size. Carrier Global Corporation has negative trailing earnings, so its P/E is not meaningful; Johnson Controls International plc trades at 28.2×. Johnson Controls International plc grew revenue faster over the last twelve months: 8.77% against 3.33%. Johnson Controls International plc has the higher net margin (11.1% vs −7.90%) and the higher return on invested capital (10.4% vs −3.31%). Both pay a dividend; Carrier Global Corporation yields more (1.80% vs 1.21%). Across the 22 metrics below, Johnson Controls International plc leads on 13 and Carrier Global Corporation on 9.

Valuation

Metric CARR JCI Building Products & Equipment median
P/E n/m 28.18 23.33
P/S 1.92 3.11 2.09
P/B 4.20 2,283.64 2.85
Price to free cash flow 18.42 23.46 18.42
EV/EBITDA 16.37 23.55 13.29
EV/Sales 2.37 3.45 2.28
Earnings yield (4.15%) 3.55% 3.04%
Free cash flow yield 5.43% 4.26% 4.26%

Profitability

Metric CARR JCI Building Products & Equipment median
Gross margin 24.64% 37.07% 31.88%
Operating margin (4.77%) 14.39% 7.18%
Net margin (7.90%) 11.12% 4.11%
Free cash flow margin 10.43% 13.27% 6.41%
Return on equity (14.26%) 43.93% 5.95%
Return on assets (5.03%) 7.30% 3.90%
Return on invested capital (3.31%) 10.35% 5.54%

Growth

Metric CARR JCI Building Products & Equipment median
Revenue growth (TTM) 3.33% 8.77% 6.27%
EPS growth (last fiscal year) (72.03%) (6.84%) (28.29%)
Revenue growth, 5-year CAGR 4.49% 1.63% 4.81%
Net income growth, 5-year CAGR (5.62%) 11.75% 0.00%

Health

Metric CARR JCI Building Products & Equipment median
Debt to equity 1.10 0.68 0.55
Current ratio 1.00 0.90 1.83
Net debt to EBITDA 2.98 1.99 1.45

Dividend

Metric CARR JCI Building Products & Equipment median
Dividend yield 1.80% 1.21% 1.37%
Payout ratio 0.67 0.34 0.28

Size

Metric CARR JCI Building Products & Equipment median
Market cap 43.53b 79.63b 3.22b

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