Johnson Controls vs Trane Technologies
Johnson Controls and Trane Technologies are similar in size: $23.60bn and $21.32bn of revenue in their latest fiscal years. Trane Technologies grew faster (7.5% against 2.8%). Johnson Controls kept more of each dollar of sales as profit: a net margin of 13.9% against 13.7%. Trane Technologies carries less debt relative to equity (53.8% against 76.7%).
| Latest fiscal year | Johnson ControlsJCI, 2025 | Trane TechnologiesTT, 2025 |
|---|---|---|
| Revenue | $23.60bn | $21.32bn |
| Revenue growth | 2.8% | 7.5% |
| Net income | $3.29bn | $2.92bn |
| Operating margin | — | 18.6% |
| Net margin | 13.9% | 13.7% |
| Return on equity | 22.7% | 36.4% |
| Free cash flow | $2.12bn | $2.81bn |
| Cash | $379m | $1.76bn |
| Total debt | $9.92bn | $4.62bn |
| Debt to equity | 76.7% | 53.8% |
| Dividend per share | $1.51 | $3.76 |
| Dividend yield | 1.1% | 1.0% |
| Share buybacks | $5.99bn | $1.48bn |
| Employees | 87,000 | 44,000 |
| Market value | $91.59bn | $92.77bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 45 (Moderate) | 65 (Moderate) |
| Insider trades, 12 months | 1 buys, 16 sales | 1 buys, 17 sales |