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Johnson & Johnson

Johnson & Johnson

NYSE•JNJ
CEO: Mr. Joaquin Duato
Sector: Healthcare
Industry: Drug Manufacturers - General
Listing Date: 1943-01-02
Johnson & Johnson, together with its subsidiaries, researches, develops, manufactures, and sells various products in the healthcare field worldwide. The company's Innovative Medicine segment offers products for various therapeutic areas, such as immunology, including rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease, and psoriasis; infectious diseases comprising HIV/AIDS; neuroscience, consisting of mood disorders, neurodegenerative disorders, and schizophrenia; oncology, such as prostate cancer, hematologic malignancies, lung cancer, and bladder cancer; cardiovascular and metabolism, including thrombosis, diabetes, and macular degeneration; and pulmonary hypertension comprising pulmonary arterial hypertension through retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. Its MedTech segment provides Interventional Solutions, including electrophysiology products to treat heart rhythm disorders; the heart recovery portfolio, which includes technologies to treat severe coronary artery disease requiring high-risk PCI or AMI cardiogenic shock; and neurovascular care that treats hemorrhagic and ischemic stroke. this segment also offers an orthopaedics portfolio that includes products and enabling technologies that support hips, knees, trauma, spine, sports, and other; surgery portfolios comprising advanced and general surgery technologies, as well as solutions for breast aesthetics, ear, nose, and throat procedures; contact lenses under the ACUVUE Brand; and TECNIS intraocular lenses for cataract surgery. It distributes its products to wholesalers, hospitals, and retailers, as well as physicians, nurses, hospitals, eye care professionals, and clinics. The company has a collaboration agreement with Stand Up To Cancer for research testing a combination of teclistamab and daratumumab to treat a rare disease AL amyloidosis. Johnson & Johnson was founded in 1886 and is based in New Brunswick, New Jersey.
Contact Information
One Johnson & Johnson Plaza, New Brunswick, NJ, 08933, United States
732-524-0400
www.jnj.com
Market Cap
$500.24B
P/E (TTM)
20.1
49.8
Dividend Yield
2.5%
52W High
$215.19
52W Low
$140.68
52W Range
90%
Rank19Top 4.0%
6.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$23.99B+6.77%
4-Quarter Trend

EPS

$2.12+89.29%
4-Quarter Trend

FCF

$8.38B+46.67%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Sales Growth Worldwide sales reached $69.6B USD for nine months 2025, marking a 5.0% total increase over 2024 figures.
Strong Net Earnings Growth Nine months 2025 net earnings totaled $21.7B USD, significantly higher than $10.6B USD reported in the prior year period.
Operating Cash Flow Robust Net cash generated from operations was $17.221B USD for the nine months ended September 28, 2025, supporting investments.
Innovative Medicine Segment Strength Innovative Medicine sales grew 4.7% (9M 2025) to $44.6B USD, driven by strong Oncology product performance.

Risk Factors

STELARA Biosimilar Competition STELARA sales decline due to biosimilar competition negatively impacted worldwide operational sales growth by approximately 6.1%.
Talc Litigation Reserve Reversal $7.0B reversal of previously accrued talc reserve recorded in 9M 2025 following Texas Bankruptcy Court dismissal decision.
Increased Effective Tax Rate Worldwide effective tax rate rose to 21.5% in 9M 2025 from 16.9% due to new U.S. tax legislation enacted July 2025.
High R&D Investment Costs Total research and development expense for nine months 2025 was $10.413B USD, representing 15.0% of total sales.

Outlook

Orthopaedics Business Separation Company announced intention to separate Orthopaedics business, targeting completion within 18 to 24 months after initial announcement.
Intra-Cellular Acquisition Closed Completed acquisition of Intra-Cellular Therapies for $14.5B USD cash, bolstering CNS portfolio strength in April 2025.
Surgery Franchise Restructuring Initiated restructuring program for Surgery franchise in MedTech segment, expected substantial completion by end of fiscal year 2026.
Monitoring Global Tax Changes Company actively monitors developments related to EU Pillar Two Directive and potential impacts on future effective tax rates.

Peer Comparison

Revenue (TTM)

UnitedHealth Group IncorporatedUNH
$435.16B
+10.5%
Johnson & JohnsonJNJ
$92.15B
+5.1%
Merck & Co., Inc.MRK
$64.24B
+1.7%

Gross Margin (Latest Quarter)

Merck & Co., Inc.MRK
81.9%
+6.4pp
AstraZeneca PLCAZN
81.2%
+3.9pp
Gilead Sciences, Inc.GILD
79.8%
+0.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
JNJ$500.24B20.132.7%3.3%
ABBV$406.42B170.2498.8%51.3%
UNH$300.58B17.118.6%25.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.1%
Moderate Growth
4Q Net Income CAGR
14.5%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 21, 2026
|
EPS:$2.53
|
Revenue:$24.14B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 28, 2025|Filed: Oct 22, 2025|
    Revenue: $23.99B+6.8%
    |
    EPS: $2.12+89.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Jul 24, 2025|
    Revenue: $23.74B+5.8%
    |
    EPS: $2.29+17.4%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: Apr 23, 2025|
    Revenue: $21.89B+2.4%
    |
    EPS: $4.57+238.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 29, 2024|Filed: Feb 13, 2025|
    Revenue: $88.82B+4.3%
    |
    EPS: $5.84-57.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Oct 23, 2024|
    Revenue: $22.47B+5.2%
    |
    EPS: $1.12-89.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $22.45B+4.3%
    |
    EPS: $1.95-1.5%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $21.38B+2.3%
    |
    EPS: $1.35-4600.0%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 16, 2024|
    Revenue: $85.16B+6.5%
    |
    EPS: $13.88+103.2%
    Beat