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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
$583.29B
P/E (TTM)
21.9
35.9
Dividend Yield
2.1%
52W High
$251.71
52W Low
$141.50
52W Range
91%
Rank16Top 3.7%
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$24.56B+9.08%
4-Quarter Trend

EPS

$2.10+0.00%
4-Quarter Trend

FCF

$5.47B+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Worldwide Sales Growth Strong Sales reached $94.2 B, increasing 6.0% driven by 8.4% volume growth; price declined 3.1% versus 2024.
Earnings Before Tax Surge EBT $32.6 B, margin improved significantly to 34.6% from 18.8% in 2024; net earnings $26.8 B.
Key Oncology Product Momentum DARZALEX sales hit $14.35 B, growing 23.0%; CARVYKTI sales nearly doubled, reaching $1.89 B.
Strategic R&D Investment Shift Total R&D expense decreased 14.9% to $14.7 B, reflecting prioritization within Innovative Medicine segment.

Risk Factors

Biosimilar Competition Impact STELARA sales declined 41.3% to $6.08 B due to biosimilar launches; future SIMPONI biosimilars expected.
Regulatory Pricing Pressures IRA legislation creates uncertainty regarding future pricing, coverage, and reimbursement landscape for key products.
Litigation Expense and Reserves Talc litigation reserve reversed $7.0 B in 2025, but ongoing product liability claims require significant accruals.
Cybersecurity and Data Risks Extensive reliance on IT systems exposes operations to persistent risk from sophisticated cyberattacks and breaches.

Outlook

Orthopaedics Business Separation Intention announced to separate Orthopaedics business (DePuy Synthes) targeting completion within 18 to 24 months.
Talent Attraction and Retention Human capital strategy focuses on attracting, developing, and retaining top talent; voluntary turnover rate was 5.8%.
Capital Structure Management Company secured new $10 B Credit Facility in June 2025; net debt increased to $27.8 B by year-end.

Peer Comparison

Revenue (TTM)

UNH stock ticker logoUNH
$447.57B
+11.8%
JNJ stock ticker logoJNJ
$94.19B
+6.0%
MRK stock ticker logoMRK
$65.01B
+1.3%

Gross Margin (Latest Quarter)

MRK stock ticker logoMRK
92.7%
+2.2pp
GILD stock ticker logoGILD
86.8%
+0.7pp
JNJ stock ticker logoJNJ
86.4%
+18.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
JNJ$583.29B21.933.8%24.1%
ABBV$398.49B94.9-361.6%51.4%
AZN$298.43B28.723.0%26.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.9%
Moderate Growth
4Q Net Income CAGR
-22.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 13, 2026
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