Stocks · Health care · Pharmaceutical Preparations

Johnson & Johnson

JNJ Clue Score64
United States Fiscal year ends January CIK 0000200406
$261.44 +1.93% Close, 9 Oct 2026
Price $261.44 +63.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2017Revenue71.89Net income16.54EPS, diluted5.93Fiscal year 2017Revenue76.45 +6.3%Net income1.30 −92.1%EPS, diluted0.47 −92.1%Fiscal year 2018Revenue81.58 +6.7%Net income15.30 +1,076.7%EPS, diluted5.61 +1,093.6%Fiscal year 2019Revenue82.06 +0.6%Net income15.12 −1.2%EPS, diluted5.63 +0.4%Fiscal year 2021Revenue82.58 +0.6%Net income14.71 −2.7%EPS, diluted5.51 −2.1%Fiscal year 2022Revenue78.74 −4.7%Net income20.88 +41.9%EPS, diluted7.81 +41.7%Fiscal year 2023Revenue79.99 +1.6%Net income17.94 −14.1%EPS, diluted6.73 −13.8%Fiscal year 2023Revenue85.16 +6.5%Net income35.15 +95.9%EPS, diluted13.72 +103.9%Fiscal year 2024Revenue88.82 +4.3%Net income14.07 −60.0%EPS, diluted5.79 −57.8%Fiscal year 2025Revenue94.19 +6.0%Net income26.80 +90.6%EPS, diluted11.03 +90.5%
FY2017FY2017FY2018FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Revenue 71.89 76.45 81.58 82.06 82.58 78.74 79.99 85.16 88.82 94.19
Growth +6.3% +6.7% +0.6% +0.6% −4.7% +1.6% +6.5% +4.3% +6.0%
Net income 16.54 1.30 15.30 15.12 14.71 20.88 17.94 35.15 14.07 26.80
Growth −92.1% +1,076.7% −1.2% −2.7% +41.9% −14.1% +95.9% −60.0% +90.6%
EPS, diluted 5.93 0.47 5.61 5.63 5.51 7.81 6.73 13.72 5.79 11.03
Growth −92.1% +1,093.6% +0.4% −2.1% +41.7% −13.8% +103.9% −57.8% +90.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginNet margin
Fiscal year 2017Gross margin69.7%Net margin23.0%Free cash flow margin21.6%Fiscal year 2017Gross margin66.7%Net margin1.7%Free cash flow margin23.3%Fiscal year 2018Gross margin66.8%Net margin18.8%Free cash flow margin22.7%Fiscal year 2019Gross margin66.4%Net margin18.4%Free cash flow margin24.3%Fiscal year 2021Gross margin65.6%Net margin17.8%Free cash flow margin24.4%Fiscal year 2022Gross margin70.3%Net margin26.5%Free cash flow margin25.1%Fiscal year 2023Gross margin69.3%Net margin22.4%Free cash flow margin21.5%Fiscal year 2023Gross margin68.8%Net margin41.3%Free cash flow margin21.4%Fiscal year 2024Gross margin69.1%Net margin15.8%Free cash flow margin22.3%Fiscal year 2025Gross margin67.9%Net margin28.5%Free cash flow margin20.9%
FY2017FY2017FY2018FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Gross margin 69.7% 66.7% 66.8% 66.4% 65.6% 70.3% 69.3% 68.8% 69.1% 67.9%
Net margin 23.0% 1.7% 18.8% 18.4% 17.8% 26.5% 22.4% 41.3% 15.8% 28.5%
Free cash flow margin 21.6% 23.3% 22.7% 24.3% 24.4% 25.1% 21.5% 21.4% 22.3% 20.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow18.77Capital expenditure−3.23Free cash flow15.54Buybacks−8.98Fiscal year 2017Operating cash flow21.06Capital expenditure−3.28Free cash flow17.78 +14.4%Buybacks−6.36Fiscal year 2018Operating cash flow22.20Capital expenditure−3.67Free cash flow18.53 +4.2%Buybacks−5.87Fiscal year 2019Operating cash flow23.42Capital expenditure−3.50Free cash flow19.92 +7.5%Buybacks−6.75Fiscal year 2021Operating cash flow23.54Capital expenditure−3.35Free cash flow20.19 +1.4%Buybacks−3.22Fiscal year 2022Operating cash flow23.41Capital expenditure−3.65Free cash flow19.76 −2.1%Buybacks−3.46Fiscal year 2023Operating cash flow21.19Capital expenditure−4.01Free cash flow17.19 −13.0%Buybacks−6.04Fiscal year 2023Operating cash flow22.79Capital expenditure−4.54Free cash flow18.25 +6.2%Buybacks−5.05Fiscal year 2024Operating cash flow24.27Capital expenditure−4.42Free cash flow19.84 +8.7%Buybacks−2.43Fiscal year 2025Operating cash flow24.53Capital expenditure−4.83Free cash flow19.70 −0.7%Buybacks−5.95
FY2017FY2017FY2018FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Operating cash flow 18.77 21.06 22.20 23.42 23.54 23.41 21.19 22.79 24.27 24.53
Capital expenditure −3.23 −3.28 −3.67 −3.50 −3.35 −3.65 −4.01 −4.54 −4.42 −4.83
Free cash flow 15.54 17.78 18.53 19.92 20.19 19.76 17.19 18.25 19.84 19.70
Growth +14.4% +4.2% +7.5% +1.4% −2.1% −13.0% +6.2% +8.7% −0.7%
Buybacks −8.98 −6.36 −5.87 −6.75 −3.22 −3.46 −6.04 −5.05 −2.43 −5.95

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash18.97Total debt24.14Net cash (debt)−5.17Shareholders’ equity70.42Debt to equity0.34Fiscal year 2017Cash17.82Total debt32.18Net cash (debt)−14.35Shareholders’ equity60.16Debt to equity0.53Fiscal year 2018Cash18.11Total debt30.28Net cash (debt)−12.18Shareholders’ equity59.75Debt to equity0.51Fiscal year 2019Cash17.31Total debt26.49Net cash (debt)−9.19Shareholders’ equity59.47Debt to equity0.45Fiscal year 2021Cash13.99Total debt34.43Net cash (debt)−20.45Shareholders’ equity63.28Debt to equity0.54Fiscal year 2022Cash14.49Total debt32.12Net cash (debt)−17.63Shareholders’ equity74.02Debt to equity0.43Fiscal year 2023Cash12.89Total debt28.44Net cash (debt)−15.55Shareholders’ equity76.80Debt to equity0.37Fiscal year 2023Cash21.86Total debt27.35Net cash (debt)−5.49Shareholders’ equity68.77Debt to equity0.40Fiscal year 2024Cash24.11Total debt32.40Net cash (debt)−8.30Shareholders’ equity71.49Debt to equity0.45Fiscal year 2025Cash19.71Total debt41.44Net cash (debt)−21.73Shareholders’ equity81.54Debt to equity0.51
FY2017FY2017FY2018FY2019FY2021FY2022FY2023FY2023FY2024FY2025
Cash 18.97 17.82 18.11 17.31 13.99 14.49 12.89 21.86 24.11 19.71
Total debt 24.14 32.18 30.28 26.49 34.43 32.12 28.44 27.35 32.40 41.44
Net cash (debt) −5.17 −14.35 −12.18 −9.19 −20.45 −17.63 −15.55 −5.49 −8.30 −21.73
Shareholders’ equity 70.42 60.16 59.75 59.47 63.28 74.02 76.80 68.77 71.49 81.54
Debt to equity 0.34 0.53 0.51 0.45 0.54 0.43 0.37 0.40 0.45 0.51

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jan 2017 FY2017 31 Dec 2017 FY2018 30 Dec 2018 FY2019 29 Dec 2019 FY2021 3 Jan 2021 FY2022 2 Jan 2022 FY2023 1 Jan 2023 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Assets
18.97 17.82 18.11 17.31 13.99 14.49 12.89 21.86 24.11 19.71
11.70 13.49 14.10 14.48 13.58 15.28 14.04 14.87 14.84 17.18
8.14 8.77 8.60 9.02 9.34 10.39 10.27 11.18 12.44 14.19
15.91 17.01 17.04 17.66 18.77 18.96 17.98 19.90 20.52 23.17
22.81 31.91 30.45 33.64 36.39 25.44 36.05 36.56 44.20 48.77
141.21 157.30 152.95 157.73 174.89 182.02 187.38 167.56 180.10 199.21
Growth +11.4% −2.8% +3.1% +10.9% +4.1% +2.9% −10.6% +7.5% +10.6%
Liabilities
1.70 1.50 2.60 n/a 1.80 2.13 1.55 1.47 1.75 2.00
22.44 30.68 27.68 26.49 32.64 29.99 26.89 25.88 30.65 39.44
calc 24.14 32.18 30.28 26.49 34.43 32.12 28.44 27.35 32.40 41.44
70.79 97.14 93.20 98.26 111.62 108.00 110.57 98.78 108.61 117.67
Equity
110.55 101.79 106.22 110.66 113.89 123.06 128.35 153.84 155.79 168.98
70.42 60.16 59.75 59.47 63.28 74.02 76.80 68.77 71.49 81.54
Growth −14.6% −0.7% −0.5% +6.4% +17.0% +3.8% −10.5% +3.9% +14.1%
Per share and net cash
calc −5.17 −14.35 −12.18 −9.19 −20.45 −17.63 −15.55 −5.49 −8.30 −21.73
2,713 2,683 2,663 2,635 2,629 2,629 2,604 2,409 2,408 2,410
calc 25.95 22.42 22.44 22.57 24.07 28.15 29.49 28.55 29.69 33.84

Lines marked calc are worked out here from filed figures; point at one for how.