JCI vs ITW vs LII Stock Comparison

Johnson Controls International, Illinois Tool Works and Lennox International Prices as of Oct 23, 2026 Peers: Industry group
ITW Illinois Tool Works Inc
$275.75 +0.8% 1M +7.1% 1Y
Market cap
$79.10B
P/E
24.8x
Revenue (TTM)
$16.47B
Div. yield
0.02%
Industrial Machinery Industrials
3 wins

Head to Head

12 decided of 12

Lennox International leads on 5 of the 12 questions below (Lennox International 5, Johnson Controls International 4, Illinois Tool Works 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJCIITWLIILeader
Larger companyMarket capitalisation $89.59B $79.10B $12.70B JCI
Cheaper on earningsLower P/E, profitable companies only 25.0x 24.8x 16.1x LII
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.4x 25.8x 16.6x LII
Faster revenue growthRevenue growth, trailing twelve months +6.8% +4.3% -2.1% JCI
More profitableNet margin, trailing twelve months 14.3% 19.4% 14.9% ITW
Better return on capitalReturn on invested capital 10.5% 27.1% 29.8% LII
Less leveragedLower net debt / EBITDA 2.3x 1.9x 1.3x LII
Higher dividend yieldTrailing dividend yield 0.01% 0.02% 0.01% ITW
Better 1-year returnPrice return, last 12 months +30.2% +7.1% -24.0% JCI
Better 5-year returnAnnualised price return, 5 years +14.3%/yr +4.2%/yr +3.8%/yr JCI
Less volatileAnnualised volatility, 1 year 31.3% 21.8% 41.0% ITW
Higher overall scoreMean of the five percentile scores vs peers 44/100 48/100 58/100 LII

Percentile Scorecard

JCIITWLII

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisJCIITWLII
Valuation 15 #47 of 55 24 #154 of 203 46 #30 of 55
Growth 88 #7 of 51 33 #127 of 188 46 #28 of 51
Profitability 62 #20 of 51 100 #2 of 187 92 #5 of 51
Financial Health 24 #45 of 59 23 #172 of 222 38 #37 of 59
Shareholder Returns 33 #28 of 41 60 #62 of 153 70 #13 of 41
Overall 44 48 58
  • JCI ranked among 59 companies in Construction Products
  • ITW ranked among 222 companies in Machinery
  • LII ranked among 59 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodJCIITWLIISPY
1 month -1.4%+0.8%+1.0% -1.0%
3 months +0.3%-2.6%-30.5% +2.9%
6 months +1.4%+2.4%-23.4% +6.4%
Year to date +20.2%+12.0%-22.5% +11.4%
1 year +30.2%+7.1%-24.0% +13.1%
3 years +195.4%+23.6%+8.9% +79.4%
3 years, per year +43.5%+7.3%+2.9% +21.5%
5 years +94.9%+22.8%+20.5% +67.7%
5 years, per year +14.3%+4.2%+3.8% +10.9%
10 years +226.7%+143.9%+150.6% +255.2%
10 years, per year +12.6%+9.3%+9.6% +13.5%

Risk

MeasureJCIITWLIISPY
Volatility, 1Y 31.3%21.8%41.0% 12.7%
Downside volatility, 1Y 32.6%21.8%46.0% 12.7%
Beta vs S&P 500, 1Y 1.130.451.34 1.00
Return / volatility, 1Y 0.970.33-0.59 1.03
Max drawdown, 5Y -43.1%-28.9%-48.6% -25.4%
From 52-week high -9.3%-8.0%-34.4% -2.5%
52-week high $158.77$299.60$572.95 $779.14
52-week low $110.55$241.07$348.85 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleJCIITWLII
P/E now vs peer median 24.5xmedian 19.9x 24.7xmedian 25.9x 16.5xmedian 19.9x
P/S now vs peer median 3.5xmedian 1.5x 4.8xmedian 1.9x 2.5xmedian 1.5x
EV/EBITDA now vs peer median 25.5xmedian 12.6x 18.3xmedian 13.7x 12.5xmedian 12.6x
P/FCF now vs peer median 27.5xmedian 16.1x 26.9xmedian 21.1x 17.6xmedian 16.1x
P/B now vs peer median 6.5xmedian 3.0x 27.1xmedian 2.3x 10.0xmedian 3.0x
PEG now vs peer median 0.98median 0.98 8.36median 1.19 1.22median 0.98

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsJCIITWLII
Revenue $25.00B $16.47B $5.30B
Gross profit $9.16B $7.27B $1.77B
Operating income $2.99B $4.36B $1.04B
Net income $3.58B $3.19B $788.60M
Free cash flow $3.17B $2.92B $738.70M
EPS (diluted) $5.87 $11.13 $22.66
Cash & equivalents $641.00M $839.00M $51.50M
Total debt $9.48B $9.69B $1.58B
Shares (diluted) 610.00M 287.00M 34.80M
Enterprise value $87.32B $75.66B $12.50B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricJCIITWLII
P/E 24.5x 24.7x 16.5x
P/FCF 27.5x 26.9x 17.6x
P/Operating cash flow 24.6x 23.6x 14.5x
P/S 3.5x 4.8x 2.5x
P/B 6.5x 27.1x 10.0x
P/Tangible book 8.7x 33.6x 12.6x
EV/EBITDA 25.5x 18.3x 12.5x
EV/EBIT 32.1x 20.0x 13.9x
EV/Revenue 3.8x 5.3x 2.7x
EV/FCF 30.3x 29.9x 19.7x
EV/Operating cash flow 27.1x 26.2x 16.2x
PEG (3Y EPS CAGR) 0.98 8.36 1.22

Growth

14 metrics
MetricJCIITWLII
Revenue growth (1Y) 6.8% 4.3% -2.1%
Revenue CAGR (3Y) 4.4% 0.8% 3.4%
Gross profit growth (1Y) 7.7% 5.3% -2.2%
Gross profit CAGR (3Y) 5.5% 2.7% 8.5%
Operating income growth (1Y) 14.1% 6.4% -2.6%
Operating income CAGR (3Y) 27.4% 3.4% 12.3%
Net income growth (1Y) 60.4% -5.1% -6.6%
Net income CAGR (3Y) 20.0% 1.0% 12.7%
EPS growth (1Y) 72.9% -3.1% -4.7%
EPS CAGR (3Y) 25.0% 3.0% 13.5%
Operating cash flow growth (1Y) 20.5% 5.8% 7.1%
Operating cash flow CAGR (3Y) 41.2% 3.1% 28.7%
Free cash flow growth (1Y) 29.8% 7.2% 8.6%
Free cash flow CAGR (3Y) 56.0% 4.1% 38.2%

Profitability

14 metrics
MetricJCIITWLII
Gross margin 36.7% 44.2% 33.3%
EBITDA margin 15.1% 28.9% 22.0%
Operating margin 12.0% 26.5% 19.7%
Pretax margin 10.9% 25.0% 18.5%
Net margin 14.3% 19.4% 14.9%
FCF margin 12.7% 17.7% 13.9%
Operating cash flow margin 14.2% 20.2% 16.9%
Return on equity 27.0% 104.3% 62.8%
Return on assets 9.5% 19.5% 17.8%
Return on invested capital 10.5% 27.1% 29.8%
Return on capital employed 11.0% 41.9% 35.0%
Asset turnover 0.6x 1.0x 1.2x
Cash conversion (OCF / net income) 1.0x 1.0x 1.1x
Stock comp / revenue 0.5% 0.4% 0.5%

Financial Health

11 metrics
MetricJCIITWLII
Debt / assets 24.4% 58.8% 34.8%
Debt / equity 0.7x 3.3x 1.2x
Net debt / EBITDA 2.3x 1.9x 1.3x
Debt / FCF 3.0x 3.3x 2.1x
Liabilities / assets 65.1% 82.4% 71.5%
Equity / assets 34.9% 17.6% 28.5%
Interest coverage – 14.5x 18.5x
Current ratio 1.0x 1.1x 1.6x
Quick ratio 0.9x 0.7x 0.7x
Cash ratio 0.1x 0.1x 0.0x
Altman Z-score – 8.00 6.14

Shareholder Returns

7 metrics
MetricJCIITWLII
Dividend yield 1.1% 2.4% 1.4%
Net buyback yield 6.7% 2.3% 2.6%
Shareholder yield 7.8% 4.7% 4.0%
Payout ratio (earnings) 27.3% 57.4% 23.1%
Payout ratio (FCF) 30.8% 62.8% 24.6%
Dividend growth (1Y) -0.3% 5.5% 11.1%
Dividend CAGR (3Y) 0.2% 5.1% 6.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusJCIITWLII
Forward P/E 29.4xFY2026 25.8xFY2026 16.6xFY2026
EPS, next fiscal year $4.89FY2026 $10.67FY2026 $22.66FY2026
EPS growth, next FY +30.1%FY2026 +1.7%FY2026 -2.2%FY2026
EPS growth, the year after +30.9% +19.3% +8.1%
Revenue, next fiscal year $26.80BFY2026 $16.46BFY2026 $5.75BFY2026
Revenue growth, next FY +13.6%FY2026 +2.6%FY2026 +10.5%FY2026
Revenue growth, the year after +6.3% +11.4% +7.7%
JCI estimates →ITW estimates →LII estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJCIITWLII
Held by institutions 89.5% 84.9% 77.3%
Institutions holding 1,597 1,969 655
Change in shares held, QoQ -1.1% +0.8% +1.8%
Institutions buying 790 846 315
Institutions selling 557 750 236
Buyers to sellers 1.42 1.13 1.33
JCI holders →ITW holders →LII holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

JCIITWLII
JCI 1.00 0.29 0.33
ITW 0.29 1.00 0.54
LII 0.33 0.54 1.00

Add a Peer

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JCI · HVAC
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Plot all 49 HVAC stocks → Plot all 169 Industrial Machinery stocks →

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Frequently Asked Questions

Which is bigger, JCI, ITW and LII?

Johnson Controls International (JCI) is the largest by market capitalisation: Johnson Controls International (JCI) $89.59B, Illinois Tool Works (ITW) $79.10B, Lennox International (LII) $12.70B.

Which stock is cheaper, JCI, ITW and LII?

Lennox International (LII) trades on the lowest price-to-earnings ratio (Johnson Controls International (JCI) 25.0x, Illinois Tool Works (ITW) 24.8x, Lennox International (LII) 16.1x). On next year's consensus earnings, Lennox International (LII) is cheapest (Johnson Controls International (JCI) 29.4x, Illinois Tool Works (ITW) 25.8x, Lennox International (LII) 16.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Johnson Controls International (JCI) grew revenue fastest over the trailing twelve months: Johnson Controls International (JCI) +6.8%, Illinois Tool Works (ITW) +4.3%, Lennox International (LII) -2.1%.

Which company is more profitable?

Illinois Tool Works (ITW) has the highest net margin (Johnson Controls International (JCI) 14.3%, Illinois Tool Works (ITW) 19.4%, Lennox International (LII) 14.9%). On return on invested capital, Lennox International (LII) leads (Johnson Controls International (JCI) 10.5%, Illinois Tool Works (ITW) 27.1%, Lennox International (LII) 29.8%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: Johnson Controls International (JCI) +30.2%, Illinois Tool Works (ITW) +7.1%, Lennox International (LII) -24.0%. Over five years, Johnson Controls International (JCI) compounded fastest (Johnson Controls International (JCI) +14.3%/yr, Illinois Tool Works (ITW) +4.2%/yr, Lennox International (LII) +3.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Johnson Controls International (JCI) 0.01%, Illinois Tool Works (ITW) 0.02%, Lennox International (LII) 0.01%.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Johnson Controls International (JCI) 31.3%, Illinois Tool Works (ITW) 21.8%, Lennox International (LII) 41.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JCI, ITW and LII?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lennox International (LII) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.