JCI vs LGN vs AAON Stock Comparison

Johnson Controls International, Legence and Aaon Prices as of Nov 4, 2026 Peers: Industry group
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LGN Legence Corp.
$32.13 -40.3% 1M -16.1% 1Y
Market cap
$1.97B
P/E
–
Revenue (TTM)
$3.75B
Div. yield
–
HVAC Industrials
1 win
AAON Aaon, Inc.
$58.25 -30.9% 1M -35.2% 1Y
Market cap
$4.53B
P/E
28.4x
Revenue (TTM)
$1.93B
Div. yield
–
HVAC Industrials
2 wins

Head to Head

11 decided of 12

Johnson Controls International leads on 8 of the 12 questions below (Johnson Controls International 8, Aaon 2, Legence 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJCILGNAAONLeader
Larger companyMarket capitalisation $82.51B $1.97B $4.53B JCI
Cheaper on earningsLower P/E, profitable companies only 23.1x -43.8x 28.4x JCI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.9x 23.3x 26.1x JCI
Faster revenue growthRevenue growth, trailing twelve months +6.8% +69.2% +53.5% LGN
More profitableNet margin, trailing twelve months 14.3% -1.2% 8.2% JCI
Better return on capitalReturn on invested capital 10.5% 1.5% 12.7% AAON
Less leveragedLower net debt / EBITDA 2.3x 4.3x 1.5x AAON
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +26.5% -16.1% -35.2% JCI
Better 5-year returnAnnualised price return, 5 years +13.5%/yr — +3.4%/yr JCI
Less volatileAnnualised volatility, 1 year 33.0% 76.1% 62.8% JCI
Higher overall scoreMean of the five percentile scores vs peers 47/100 36/100 42/100 JCI

Percentile Scorecard

JCILGNAAON

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

AxisJCILGNAAON
Valuation 18 #47 of 57 59 #24 of 57 11 #51 of 57
Growth 89 #7 of 54 51 #27 of 54 79 #12 of 54
Profitability 65 #19 of 53 14 #46 of 53 46 #29 of 53
Financial Health 26 #44 of 59 22 #46 of 59 69 #19 of 59
Shareholder Returns 37 #27 of 42 – 7 #39 of 42
Overall 47 36 42
  • JCI ranked among 59 companies in Construction Products
  • LGN ranked among 59 companies in Construction Products
  • AAON ranked among 59 companies in Construction Products

Price Performance

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

Returns

PeriodJCILGNAAONSPY
1 month -10.4%-40.3%-30.9% -1.0%
3 months -8.5%-51.0%-37.5% -0.4%
6 months -1.8%-68.6%-40.7% +4.5%
Year to date +17.3%-25.3%-23.6% +12.4%
1 year +26.5%-16.1%-35.2% +13.6%
3 years +172.9%—+0.7% +76.4%
3 years, per year +39.8%—+0.2% +20.8%
5 years +88.3%—+18.2% +63.7%
5 years, per year +13.5%—+3.4% +10.4%
10 years +243.7%—+217.1% +267.7%
10 years, per year +13.1%—+12.2% +13.9%

Risk

MeasureJCILGNAAONSPY
Volatility, 1Y 33.0%76.1%62.8% 12.8%
Downside volatility, 1Y 35.1%83.8%63.9% 12.7%
Beta vs S&P 500, 1Y 1.142.562.06 1.00
Return / volatility, 1Y 0.80-0.21-0.56 1.06
Max drawdown, 5Y -43.1%-68.6%-60.7% -25.4%
From 52-week high -11.5%-68.6%-60.7% -1.6%
52-week high $158.77$102.27$148.25 $779.14
52-week low $110.85$32.13$58.25 $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.

MultipleJCILGNAAON
P/E now vs peer median 23.9xmedian 22.2x -54.2xmedian 22.2x 30.1xmedian 22.2x
P/S now vs peer median 3.4xmedian 1.7x 0.9xmedian 1.7x 2.5xmedian 1.7x
EV/EBITDA now vs peer median 25.0xmedian 13.9x 24.2xmedian 13.9x 17.5xmedian 13.9x
P/FCF now vs peer median 26.9xmedian 18.0x 10.7xmedian 18.0x -40.4xmedian 18.0x
P/B now vs peer median 6.3xmedian 2.8x 3.6xmedian 2.8x 4.8xmedian 2.8x
PEG now vs peer median 0.95median 1.06 —median 1.06 13.80median 1.06

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 monthsJCILGNAAON
Revenue $25.00B $3.75B $1.93B
Gross profit $9.16B $701.93M $494.09M
Operating income $2.99B $29.45M $213.50M
Net income $3.58B -$67.99M $159.29M
Free cash flow $3.17B $323.18M -$118.79M
EPS (diluted) $5.87 $-0.59 $1.90
Cash & equivalents $641.00M $291.98M $13.00K
Total debt $9.48B $1.03B $435.00M
Shares (diluted) 610.00M 76.03M 83.72M
Enterprise value $80.24B $1.03B $4.53B

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
MetricJCILGNAAON
P/E 23.9x -54.2x 30.1x
P/FCF 26.9x 10.7x -40.4x
P/Operating cash flow 24.0x 8.9x 55.5x
P/S 3.4x 0.9x 2.5x
P/B 6.3x 3.6x 4.8x
P/Tangible book 8.5x 18.7x 4.8x
EV/EBITDA 25.0x 24.2x 17.5x
EV/EBIT 31.5x 143.1x 24.5x
EV/Revenue 3.8x 1.1x 2.7x
EV/FCF 29.7x 13.0x -44.1x
EV/Operating cash flow 26.5x 10.8x 60.5x
PEG (3Y EPS CAGR) 0.95 – 13.80

Growth

14 metrics
MetricJCILGNAAON
Revenue growth (1Y) 6.8% 69.2% 53.5%
Revenue CAGR (3Y) 4.4% – 22.7%
Gross profit growth (1Y) 7.7% 48.8% 36.9%
Gross profit CAGR (3Y) 5.5% – 16.2%
Operating income growth (1Y) 14.1% -63.4% 39.0%
Operating income CAGR (3Y) 27.4% – 5.4%
Net income growth (1Y) 60.4% -53.8% 30.5%
Net income CAGR (3Y) 20.0% – 2.3%
EPS growth (1Y) 72.9% – 29.3%
EPS CAGR (3Y) 25.0% – 2.2%
Operating cash flow growth (1Y) 20.5% – 157.7%
Operating cash flow CAGR (3Y) 41.2% – -11.0%
Free cash flow growth (1Y) 29.8% – 33.7%
Free cash flow CAGR (3Y) 56.0% – -74.9%

Profitability

14 metrics
MetricJCILGNAAON
Gross margin 36.7% 18.7% 25.6%
EBITDA margin 15.1% 4.7% 15.5%
Operating margin 12.0% 0.8% 11.0%
Pretax margin 10.9% -1.6% 9.9%
Net margin 14.3% -1.2% 8.2%
FCF margin 12.7% 8.6% -6.1%
Operating cash flow margin 14.2% 10.4% 4.5%
Return on equity 27.0% -7.4% 16.4%
Return on assets 9.5% -2.0% 8.7%
Return on invested capital 10.5% 1.5% 12.7%
Return on capital employed 11.0% 1.2% 14.3%
Asset turnover 0.6x 1.0x 1.1x
Cash conversion (OCF / net income) 1.0x -5.7x 0.5x
Stock comp / revenue 0.5% 4.3% 1.0%

Financial Health

11 metrics
MetricJCILGNAAON
Debt / assets 24.4% 27.7% 23.3%
Debt / equity 0.7x 1.1x 0.4x
Net debt / EBITDA 2.3x 4.3x 1.5x
Debt / FCF 3.0x 3.2x -3.7x
Liabilities / assets 65.1% 73.9% 45.8%
Equity / assets 34.9% 26.1% 54.2%
Interest coverage – 0.4x –
Current ratio 1.0x 1.3x 3.0x
Quick ratio 0.9x 1.3x 1.9x
Cash ratio 0.1x 0.2x 0.0x
Altman Z-score – 1.80 5.90

Shareholder Returns

7 metrics
MetricJCILGNAAON
Dividend yield 1.1% – 0.7%
Net buyback yield 6.9% – -0.8%
Shareholder yield 8.0% – -0.1%
Payout ratio (earnings) 27.3% – –
Payout ratio (FCF) 30.8% – –
Dividend growth (1Y) -0.3% – –
Dividend CAGR (3Y) 0.2% – –

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.

ConsensusJCILGNAAON
Forward P/E 21.9xFY2027 23.3xFY2026 26.1xFY2026
EPS, next fiscal year $6.41FY2027 $1.38FY2026 $2.23FY2026
EPS growth, next FY +36.6%FY2027 – +65.2%FY2026
EPS growth, the year after +8.4% +79.0% +56.1%
Revenue, next fiscal year $26.80BFY2026 $4.58BFY2026 $2.44BFY2026
Revenue growth, next FY +13.6%FY2026 +79.7%FY2026 +69.6%FY2026
Revenue growth, the year after +6.3% +22.8% +16.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJCILGNAAON
Held by institutions 89.5% 78.9% 78.7%
Institutions holding 1,600 265 471
Change in shares held, QoQ -1.1% +17.6% -7.0%
Institutions buying 792 194 241
Institutions selling 558 58 176
Buyers to sellers 1.42 3.34 1.37

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.

JCILGNAAON
JCI 1.00 0.47 0.52
LGN 0.47 1.00 0.40
AAON 0.52 0.40 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JCI, LGN and AAON?

Johnson Controls International (JCI) is the largest by market capitalisation: Johnson Controls International (JCI) $82.51B, Legence (LGN) $1.97B, Aaon (AAON) $4.53B.

Which stock is cheaper, JCI, LGN and AAON?

Johnson Controls International (JCI) trades on the lowest price-to-earnings ratio (Johnson Controls International (JCI) 23.1x, Legence (LGN) -43.8x, Aaon (AAON) 28.4x). On next year's consensus earnings, Johnson Controls International (JCI) is cheapest (Johnson Controls International (JCI) 21.9x, Legence (LGN) 23.3x, Aaon (AAON) 26.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Legence (LGN) grew revenue fastest over the trailing twelve months: Johnson Controls International (JCI) +6.8%, Legence (LGN) +69.2%, Aaon (AAON) +53.5%.

Which company is more profitable?

Johnson Controls International (JCI) has the highest net margin (Johnson Controls International (JCI) 14.3%, Legence (LGN) -1.2%, Aaon (AAON) 8.2%). On return on invested capital, Aaon (AAON) leads (Johnson Controls International (JCI) 10.5%, Legence (LGN) 1.5%, Aaon (AAON) 12.7%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: Johnson Controls International (JCI) +26.5%, Legence (LGN) -16.1%, Aaon (AAON) -35.2%. Over five years, Johnson Controls International (JCI) compounded fastest (Johnson Controls International (JCI) +13.5%/yr, Aaon (AAON) +3.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Johnson Controls International (JCI) 0.01%, Legence (LGN) 0.00%, Aaon (AAON) 0.00%. Legence (LGN) and Aaon (AAON) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Johnson Controls International (JCI) has been the steadiest (Johnson Controls International (JCI) 33.0%, Legence (LGN) 76.1%, Aaon (AAON) 62.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JCI, LGN and AAON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Johnson Controls International (JCI) leads on 8. 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.