# Johnson Controls (JCI) Forecast Calculator

Interactive five-year financial forecast and DCF for Johnson Controls. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/johnson-controls/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 23968000000 | 1157000000 | 1881000000 | 5674000000 |
| 2022 | 22317000000 |  -  | 1725000000 | 631000000 |
| 2023 | 23668000000 |  -  | 3459000000 | 1637000000 |
| 2024 | 20637000000 |  -  | 1829000000 | 1532000000 |
| 2025 | 22331000000 |  -  | 1858000000 | 1849000000 |

## Frequently asked questions

### What is Johnson Controls' core business focus after its recent divestiture?

Johnson Controls is now a global leader in smart, healthy, and sustainable commercial building technologies, providing HVAC, fire detection, security systems, and building automation controls. This strategic pivot followed the $8.1 billion divestiture of its Residential and Light Commercial HVAC business, making it a pure-play commercial building solutions provider.

### How does Johnson Controls generate revenue with its hybrid business model?

Johnson Controls operates a hybrid business model, combining the asset-heavy manufacturing of building products with an asset-light, high-margin services business. The services segment provides installation, maintenance, and digital optimization via its OpenBlue platform, complementing its product sales.

### What is Johnson Controls' typical capital expenditure as a percentage of revenue?

Johnson Controls typically allocates 2.0% to 2.5% of its revenue to capital expenditure, which translates to approximately $500 million to $600 million annually. This spending is primarily split between 60% for maintenance, such as factory upkeep and vehicle fleet, and 40% for growth initiatives like digital infrastructure and new product tooling.

### What is the primary purpose of a financial model for Johnson Controls (JCI)?

A financial model for Johnson Controls evaluates the company's equity valuation and cash flow generation. Its main purpose is to determine if the company's transition to a pure-play commercial building solutions provider justifies a premium valuation multiple.

### Can I download an Excel financial model for Johnson Controls (JCI)?

Yes, a downloadable Excel financial model is available for Johnson Controls (JCI). This model provides a forecast horizon from FY2026 to FY2030, allowing for detailed analysis of the company's future financial performance.

### How did Johnson Controls' recent divestiture impact its financial strategy?

The $8.1 billion divestiture of its Residential and Light Commercial HVAC business generated approximately $5.0 billion in net cash proceeds. These funds are being deployed into an accelerated share repurchase program, reflecting a strategic focus on shareholder returns and a pure-play commercial building model.