Net Profit Margin
since 2005
Calculation
Johnson Controls International plc, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Johnson Controls1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2023 | 6.90% | = | 100 | × | 1,849) | ÷ | 26,793) |
| Sep 30, 2022 | 6.06% | = | 100 | × | 1,532) | ÷ | 25,299) |
| Sep 30, 2021 | 6.92% | = | 100 | × | 1,637) | ÷ | 23,668) |
| Sep 30, 2020 | 2.83% | = | 100 | × | 631) | ÷ | 22,317) |
| Sep 30, 2019 | 23.67% | = | 100 | × | 5,674) | ÷ | 23,968) |
| Sep 30, 2018 | 6.89% | = | 100 | × | 2,162) | ÷ | 31,400) |
| Sep 30, 2017 | 5.34% | = | 100 | × | 1,611) | ÷ | 30,172) |
| Sep 30, 2016 | -2.30% | = | 100 | × | (868) | ÷ | 37,674) |
| Sep 30, 2015 | 4.20% | = | 100 | × | 1,563) | ÷ | 37,179) |
| Sep 30, 2014 | 2.84% | = | 100 | × | 1,215) | ÷ | 42,828) |
| Sep 30, 2013 | 2.76% | = | 100 | × | 1,178) | ÷ | 42,730) |
| Sep 30, 2012 | 2.92% | = | 100 | × | 1,226) | ÷ | 41,955) |
| Sep 30, 2011 | 3.98% | = | 100 | × | 1,624) | ÷ | 40,833) |
| Sep 30, 2010 | 4.35% | = | 100 | × | 1,491) | ÷ | 34,305) |
| Sep 30, 2009 | -1.19% | = | 100 | × | (338) | ÷ | 28,497) |
| Sep 30, 2008 | 2.57% | = | 100 | × | 979) | ÷ | 38,062) |
| Sep 30, 2007 | 3.62% | = | 100 | × | 1,252) | ÷ | 34,624) |
| Sep 30, 2006 | 3.19% | = | 100 | × | 1,028) | ÷ | 32,235) |
| Sep 30, 2005 | 3.31% | = | 100 | × | 909) | ÷ | 27,479) |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in millions
The net profit margin exhibits significant volatility over the analyzed period from 2005 to 2023, characterized by alternating cycles of stability, sharp contractions into negative territory, and a singular period of extreme expansion.
- Initial Period and First Profitability Contraction (2005–2009)
- Between 2005 and 2008, the net profit margin remained relatively stable, fluctuating within a narrow band between 2.57% and 3.62%. This stability was interrupted in 2009, when the margin dropped to -1.19%, coinciding with a net loss of 338 million USD despite net sales remaining at 28.497 billion USD.
- Recovery and Mid-Term Volatility (2010–2016)
- A recovery occurred in 2010 with a margin increase to 4.35%. For the subsequent five years, the margin fluctuated between 2.76% and 4.20%. This period of relative consistency ended in 2016, when a second significant contraction occurred, resulting in a net profit margin of -2.30% and a net loss of 868 million USD.
- Exceptional Growth and Outlier Performance (2017–2019)
- Starting in 2017, a strong upward trend in profitability is observed, with the margin rising to 5.34% and further increasing to 6.89% in 2018. The year 2019 represents a statistical outlier, with the net profit margin spiking to 23.67%. This surge was driven by a substantial increase in net income to 5.674 billion USD, despite a simultaneous decline in net sales to 23.968 billion USD.
- Recent Stabilization Trends (2020–2023)
- Following the 2019 peak, the net profit margin normalized. A sharp decline to 2.83% was recorded in 2020, followed by a steady recovery. From 2021 to 2023, the margin stabilized at a higher baseline than the 2005–2015 average, fluctuating between 6.06% and 6.92%.
Overall, the data indicates a structural shift in the relationship between sales and profitability. While net sales peaked in 2014 at 42.828 billion USD, the most consistent periods of higher profit margins have occurred in the later years (2021–2023) when sales volumes were significantly lower, suggesting improved operational efficiency or a shift in the revenue mix.
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Comparison to Competitors
Johnson Controls International plc, net profit margin, long-term trends, comparison to competitors
| Johnson Controls International plc | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Sep 30, 2023 | 6.90% | -2.86% | 16.18% | 13.87% | 14.68% | 15.43% | 10.24% | 4.64% |
| Sep 30, 2022 | 6.06% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% | 7.75% |
| Sep 30, 2021 | 6.92% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Sep 30, 2020 | 2.83% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Sep 30, 2019 | 23.67% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Sep 30, 2018 | 6.89% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Sep 30, 2017 | 5.34% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Sep 30, 2016 | -2.30% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Sep 30, 2015 | 4.20% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Sep 30, 2014 | 2.84% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Sep 30, 2013 | 2.76% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Sep 30, 2012 | 2.92% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Sep 30, 2011 | 3.98% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Sep 30, 2010 | 4.35% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Sep 30, 2009 | -1.19% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Sep 30, 2008 | 2.57% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Sep 30, 2007 | 3.62% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Sep 30, 2006 | 3.19% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Sep 30, 2005 | 3.31% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Capital Goods)
Johnson Controls International plc, net profit margin, long-term trends, comparison to sector (capital goods)
| Johnson Controls International plc | Capital Goods | |
|---|---|---|
| Sep 30, 2023 | 6.90% | 9.09% |
| Sep 30, 2022 | 6.06% | 5.27% |
| Sep 30, 2021 | 6.92% | 3.71% |
| Sep 30, 2020 | 2.83% | 1.85% |
| Sep 30, 2019 | 23.67% | 5.03% |
| Sep 30, 2018 | 6.89% | 2.99% |
| Sep 30, 2017 | 5.34% | 3.41% |
| Sep 30, 2016 | -2.30% | 7.61% |
| Sep 30, 2015 | 4.20% | 4.69% |
| Sep 30, 2014 | 2.84% | 9.51% |
| Sep 30, 2013 | 2.76% | 8.78% |
| Sep 30, 2012 | 2.92% | 8.73% |
| Sep 30, 2011 | 3.98% | 9.04% |
| Sep 30, 2010 | 4.35% | 7.93% |
| Sep 30, 2009 | -1.19% | 6.61% |
| Sep 30, 2008 | 2.57% | 9.45% |
| Sep 30, 2007 | 3.62% | 11.53% |
| Sep 30, 2006 | 3.19% | 10.82% |
| Sep 30, 2005 | 3.31% | 9.72% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Industrials)
Johnson Controls International plc, net profit margin, long-term trends, comparison to industry (industrials)
| Johnson Controls International plc | Industrials | |
|---|---|---|
| Sep 30, 2023 | 6.90% | 8.32% |
| Sep 30, 2022 | 6.06% | 5.04% |
| Sep 30, 2021 | 6.92% | 5.85% |
| Sep 30, 2020 | 2.83% | 0.09% |
| Sep 30, 2019 | 23.67% | 4.11% |
| Sep 30, 2018 | 6.89% | 4.75% |
| Sep 30, 2017 | 5.34% | 5.79% |
| Sep 30, 2016 | -2.30% | 7.43% |
| Sep 30, 2015 | 4.20% | 6.48% |
| Sep 30, 2014 | 2.84% | 8.76% |
| Sep 30, 2013 | 2.76% | 8.23% |
| Sep 30, 2012 | 2.92% | 7.39% |
| Sep 30, 2011 | 3.98% | 8.26% |
| Sep 30, 2010 | 4.35% | 7.48% |
| Sep 30, 2009 | -1.19% | 5.76% |
| Sep 30, 2008 | 2.57% | 7.27% |
| Sep 30, 2007 | 3.62% | 9.56% |
| Sep 30, 2006 | 3.19% | 14.87% |
| Sep 30, 2005 | 3.31% | 3.55% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).