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Johnson Controls International vs Carrier Global: JCI and CARR compared
Johnson Controls International is the larger company: $7.1B of revenue in its latest quarter (Q4 FY26) against $6.3B for Carrier Global (Q3 2026). Carrier Global is growing faster (+12% against +10% a year earlier). Johnson Controls International is more profitable, with an operating margin of 14.9% against -36.3%.
Where the money goes: JCI and CARR
Johnson Controls International (JCI) · Q4 FY26
Johnson Controls International, Q4 FY26: revenue $7.1B (+10% year over year), operating margin 14.9%, net earnings $967M. The chart follows the revenue to costs, profit and cash.
Carrier Global (CARR) · Q3 2026
Carrier Global, Q3 2026: revenue $6.3B (+12% year over year), operating margin -36.3%, net loss $2.5B, operating cash flow $813M. The chart follows the revenue to costs, profit and cash.
| Johnson Controls International (JCI) | Carrier Global (CARR) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $7.1B | $6.3B |
| Revenue growth, Y/Y | +10% | +12% |
| Gross margin | 38.0% | — |
| Operating margin | 14.9% | -36.3% |
| Net earnings | $967M | −$2.5B |
| Net margin | 13.6% | -40.6% |
| Operating cash flow | — | $813M |
| Free cash flow | — | $674M |
| Market value | $80.7B | $43.7B |
| P/E | 39.3× | — |
| Analysts’ mean target | $174.85 | $68.70 |
Where the revenue comes from
Johnson Controls International
- Products and systems: $5.0B (70%)
- Services: $2.1B (30%)
Carrier Global
- Product: $5.6B (89%)
- Service: $678M (11%)
Questions
Which is bigger, Johnson Controls International or Carrier Global?
Johnson Controls International is the larger company: $7.1B of revenue in its latest quarter (Q4 FY26) against $6.3B for Carrier Global (Q3 2026).
Is Johnson Controls International or Carrier Global growing faster?
Carrier Global is growing faster (+12% against +10% a year earlier).
Which is more profitable, Johnson Controls International or Carrier Global?
Johnson Controls International is more profitable, with an operating margin of 14.9% against -36.3%.
More: Johnson Controls International earnings · how Johnson Controls International makes money · Carrier Global earnings · how Carrier Global makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 27, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.