JCI vs. LMT: Johnson Controls vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Johnson Controls (JCI) and Lockheed Martin (LMT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Johnson Controls (JCI) and Lockheed Martin (LMT) both fall under the Capital Goods industry group, but JCI is classified in Building Products while LMT is classified in Aerospace & Defense.

Company profile comparison for Johnson Controls (JCI) and Lockheed Martin (LMT)
Profile Item	JCI	LMT
Name	Johnson Controls International plc	Lockheed Martin Corporation
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Aerospace & Defense
GICS Sub-Industry	Building Products	Aerospace & Defense
Market Capitalization	81.79 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 28, 1987	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

JCI

LMT

GSPC

Johnson Controls (JCI) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Johnson Controls (JCI) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Johnson Controls (JCI) and Lockheed Martin (LMT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Total Return (1Y)	17.11%	31.17%
Total Return (3Y, Annualized)	43.46%	12.79%
Total Return (5Y, Annualized)	15.29%	14.65%

Risk Profile

Drawdown History

JCI

LMT

GSPC

Johnson Controls (JCI) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Johnson Controls (JCI) and Lockheed Martin (LMT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Volatility (1Y, Annualized)	32.91%	31.09%
Beta (5Y)	1.29	0.10
Max Drawdown (5Y)	-42.32%	-31.79%
Avg. Volume (3M)	3.57M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

JCI and LMT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Sharpe Ratio (1Y)	0.39	0.86
Sortino Ratio (1Y)	0.54	1.38

Profitability

ROE (TTM)

Both companies show strong equity returns, but Lockheed Martin (LMT) at 80.19% is the standout with ROE above its industry range; Johnson Controls (JCI) at 21.73% also sits in the top quartile.

JCI

Capital Goods industry group

21.73%

Max: 40.55%
JCI: 21.73%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

LMT

Capital Goods industry group

80.19%

LMT: 80.19%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both Johnson Controls (JCI) at 11.12% and Lockheed Martin (LMT) at 8.23% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

JCI

Capital Goods industry group

11.12%

Max: 27.47%
Q3: 12.10%
JCI: 11.12%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

LMT

Capital Goods industry group

8.23%

Max: 27.47%
Q3: 12.10%
LMT: 8.23%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Johnson Controls (JCI) at 17.21% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

JCI

Capital Goods industry group

17.21%

Max: 36.60%
Q3: 18.33%
JCI: 17.21%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

LMT

Capital Goods industry group

11.41%

Max: 36.60%
Q3: 18.33%
LMT: 11.41%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
ROE (TTM)	21.73%	80.19%
ROA (TTM)	6.41%	8.58%
Net Margin (TTM)	11.12%	8.23%
Operating Margin (TTM)	17.21%	11.41%
Gross Margin (TTM)	37.07%	11.73%

Growth

Revenue Growth

Both Johnson Controls (JCI) at 2.81% and Lockheed Martin (LMT) at 5.64% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Johnson Controls (JCI) at 99.60% sits in the top EPS growth quartile, while Lockheed Martin (LMT) at -3.68% is closer to the peer norm — faster per-share earnings growth for JCI.

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Revenue Growth (YoY)	2.81%	5.64%
Revenue Growth (3Y CAGR)	4.57%	4.38%
EPS Growth (YoY)	99.60%	-3.68%
EPS Growth (3Y CAGR)	31.94%	-0.26%

Financial Strength

Current Ratio (MRQ)

Both Johnson Controls (JCI) at 0.90 and Lockheed Martin (LMT) at 1.26 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

JCI

Capital Goods industry group

0.90

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
JCI: 0.90
Min: 0.36

LMT

Capital Goods industry group

1.26

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LMT: 1.26
Min: 0.36

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Johnson Controls (JCI) at 0.68 carries an industry-typical debt-to-equity mix, while Lockheed Martin (LMT) at 2.04 uses more debt funding than most peers.

JCI

Capital Goods industry group

0.68

Max: 2.33
Q3: 1.12
JCI: 0.68
Median: 0.60
Q1: 0.29
Min: 0.00

LMT

Capital Goods industry group

2.04

Max: 2.33
LMT: 2.04
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Current Ratio (MRQ)	0.90	1.26
Debt / Equity (MRQ)	0.68	2.04
Net Debt / EBITDA	1.86	1.47

Dividends

Dividend Yield (TTM)

Johnson Controls (JCI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lockheed Martin (LMT) reports a yield of 2.40%, ranking against industry peers normally.

JCI

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
JCI: 0.00%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

2.40%

Max: 2.66%
LMT: 2.40%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Johnson Controls (JCI) at 45.20% and Lockheed Martin (LMT) at 49.01% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

JCI

Capital Goods industry group

45.20%

Max: 67.39%
JCI: 45.20%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

49.01%

Max: 67.39%
LMT: 49.01%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
Dividend Yield (TTM)	0.00%	2.40%
Dividend Payout Ratio (TTM)	45.20%	49.01%

Valuation

P/E Ratio (TTM)

Both Johnson Controls (JCI) at 28.61 and Lockheed Martin (LMT) at 20.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

JCI

Capital Goods industry group

28.61

Max: 59.38
Q3: 35.92
JCI: 28.61
Median: 25.41
Q1: 19.47
Min: 3.03

LMT

Capital Goods industry group

20.14

Max: 59.38
Q3: 35.92
Median: 25.41
LMT: 20.14
Q1: 19.47
Min: 3.03

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Johnson Controls (JCI) at 3.19 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

JCI

Capital Goods industry group

3.19

Max: 7.54
Q3: 3.76
JCI: 3.19
Median: 2.15
Q1: 1.03
Min: 0.03

LMT

Capital Goods industry group

1.66

Max: 7.54
Q3: 3.76
Median: 2.15
LMT: 1.66
Q1: 1.03
Min: 0.03

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Johnson Controls (JCI) at 5.99 sits in the upper P/B ratio quartile, and Lockheed Martin (LMT) at 12.96 prices even higher, above its industry range.

JCI

Capital Goods industry group

5.99

Max: 9.66
JCI: 5.99
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

LMT

Capital Goods industry group

12.96

LMT: 12.96
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Johnson Controls (JCI) vs. Lockheed Martin (LMT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Johnson Controls (JCI) and Lockheed Martin (LMT)
Metric	JCI	LMT
P/E Ratio (TTM)	28.61	20.14
P/S Ratio (TTM)	3.19	1.66
P/B Ratio (MRQ)	5.99	12.96
Free Cash Flow Yield (TTM)	3.81%	4.31%