Johnson & Johnson

Health Care Pharmaceuticals New Brunswick, New Jersey Last filing Feb 11, 2026 · FY2025

                    Revenue
                    FY2025
                
$94.2B
                    3y CAGR +5.6%
                    
                    P57
                    
                    +6.0%
                    
                    Net income
                    FY2025
                
$26.8B
                    Net margin +28.5%
                    
                    P94
                    
                    +90.6%
                    
                    Total assets
                    FY2025
                
$199.2B
                    ROA +13.5%
                    
                    P84
                    
                    +10.6%
                    
                    Operating cash flow
                    FY2025
                
$24.5B
                    FCF margin +20.9%
                    
                    P71
                    
                    +1.1%

19 yrs · FY2007–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $199.2B

Total liabilities $117.7B

Shareholders equity $81.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	9.9%	13.4%	13.0%	6.9%	8.0%	8.0%	11.0%	11.8%	11.3%	13.4%
Short Term Investments	0.2%	0.2%	0.6%	5.0%	9.4%	6.4%	1.3%	1.0%	0.3%	16.2%
Accounts Receivable	8.6%	8.2%	8.9%	7.5%	8.4%	7.8%	9.2%	9.2%	8.6%	8.3%
Inventory	7.1%	6.9%	6.7%	5.5%	5.7%	5.3%	5.7%	5.6%	5.6%	5.8%
Prepaid Expenses	2.1%	2.3%	2.7%	1.5%	2.0%	1.8%	1.5%	1.8%	1.6%	2.3%
Total Current Assets	27.9%	31.0%	31.9%	29.5%	33.5%	29.3%	28.7%	30.1%	27.4%	46.1%
Property,Plant and Equipment	11.6%	11.4%	11.9%	9.6%	10.4%	10.7%	11.2%	11.1%	10.8%	11.3%
Goodwill	24.5%	24.5%	21.8%	19.2%	19.4%	20.8%	21.3%	19.9%	20.3%	16.1%
Intangible Assets	25.3%	20.9%	20.4%	20.5%	25.5%	30.5%	30.2%	31.1%	33.8%	19.0%
Deferred Tax Assets	3.5%	5.8%	5.5%	4.8%	5.6%	4.9%	5.0%	5.0%	4.5%	4.4%
Other Noncurrent Assets	7.2%	6.3%	8.4%	16.3%	5.6%	3.8%	3.6%	2.7%	3.2%	3.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.0%	5.7%	5.7%	5.3%	6.1%	5.4%	5.4%	4.9%	4.6%	4.9%
Accrued Liabilities	16.9%	18.9%	19.8%	15.8%	16.7%	17.4%	16.6%	13.7%	12.3%	10.4%
Current Portion of Long Term Debt	4.3%	3.3%	2.1%	6.8%	2.1%	1.5%	0.8%	1.8%	2.5%	3.3%
Total Current Liabilities	27.2%	27.9%	27.6%	29.8%	24.8%	24.3%	22.8%	20.4%	19.4%	18.6%
Long Term Debt	19.8%	17.0%	15.4%	14.3%	16.5%	18.7%	16.8%	18.1%	19.5%	15.9%
Deferred Tax Liabilities	3.4%	1.4%	1.9%	2.1%	4.1%	4.1%	3.8%	4.9%	5.3%	2.1%
Other Noncurrent Liabilities	8.7%	14.0%	14.0%	12.8%	13.9%	16.7%	18.9%	17.5%	17.5%	13.6%
Total Liabilities	59.1%	60.3%	59.0%	59.0%	59.3%	63.8%	62.3%	60.9%	61.8%	50.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	1.6%	1.7%	1.9%	1.7%	1.7%	1.8%	2.0%	2.0%	2.0%	2.2%
Retained Earnings	84.8%	86.5%	91.8%	68.5%	67.6%	65.1%	70.2%	69.4%	64.7%	78.3%
Treasury Stock	38.0%	42.0%	45.2%	22.3%	21.5%	22.0%	24.4%	22.5%	20.1%	20.1%
Accumulated Other Comprehensive Income	-7.5%	-6.5%	-7.5%	-6.9%	-7.2%	-8.7%	-10.1%	-10.0%	-8.4%	-10.6%
Total Stockholders Equity	40.9%	39.7%	41.0%	41.0%	40.7%	36.2%	37.7%	39.1%	38.2%	49.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $94.2B

Operating income Not reported

Net income $26.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	47.3%	49.3%	50.8%	42.7%	43.3%	47.2%	52.0%	53.3%	48.6%	50.9%
Expenses Cost of Revenue	15.2%	15.3%	15.8%	13.1%	12.9%	16.3%	17.5%	17.7%	16.2%	15.4%
Other Income Expense Gross Profit	32.1%	34.1%	35.0%	29.6%	30.4%	31.0%	34.6%	35.6%	32.4%	35.5%
Expenses Research and Development	7.4%	9.6%	9.0%	7.5%	7.8%	7.0%	7.2%	7.0%	6.7%	6.5%
Expenses Selling,General and Administrative	11.9%	12.7%	12.8%	10.8%	11.1%	12.6%	14.1%	14.7%	13.7%	14.2%
Expenses Restructuring and Asset Impairment	0.1%	0.1%	0.3%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%	0.3%
Other Income Expense Interest Income	0.5%	0.7%	0.8%	0.3%	0.0%	0.1%	0.2%	0.4%	0.2%	0.3%
Other Income Expense Interest Expense	0.5%	0.4%	0.5%	0.1%	0.1%	0.1%	0.2%	0.7%	0.6%	0.5%
Other Income Expense Other Income/expense	3.6%	-2.7%	-4.1%	-0.9%	-0.8%	-1.8%	-2.2%	-1.7%	-0.2%	-0.2%
Other Income Expense Income Before Tax	16.4%	9.3%	9.0%	10.3%	10.5%	9.4%	11.0%	11.8%	11.2%	14.0%
Income Tax Income Tax Expense	2.9%	1.5%	1.0%	1.6%	0.8%	1.0%	1.4%	1.8%	10.4%	2.3%
net Income Other Items Below Tax	0.0%	0.0%	13.0%	0.8%	1.7%	—	—	—	—	—
net Income net Income	13.5%	7.8%	21.0%	9.6%	11.5%	8.4%	9.6%	10.0%	0.8%	11.7%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.2%	1.3%	1.5%	1.4%	1.5%	1.5%	1.7%	1.8%	1.7%	2.0%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $24.5B

Investing cash flow $-23.6B

Financing cash flow $-5.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	13.5%	7.8%	21.0%	9.6%	11.5%	8.4%	9.6%	10.0%	0.8%	11.7%
Operating Activities Depreciation and Amortization	3.8%	4.1%	4.5%	3.7%	4.1%	4.1%	4.4%	4.5%	3.6%	2.7%
Operating Activities Stock Based Compensation	0.7%	0.7%	0.7%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%	0.6%
Operating Activities Deferred Income Taxes	0.8%	-1.2%	-2.5%	-0.9%	-1.1%	-0.7%	-1.6%	-0.7%	1.5%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-6.4%	1.0%	1.5%	-2.1%	-2.3%	1.5%	2.5%	0.0%	7.1%	-1.3%
Operating Activities Other Non Cash Items	0.0%	1.1%	-11.5%	0.4%	0.2%	-0.6%	-0.7%	0.0%	-0.3%	-0.2%
Operating Activities net Cash From Operating Activities	12.3%	13.5%	13.6%	11.3%	12.9%	13.5%	14.8%	14.5%	13.4%	13.3%
Investing Activities Capital Expenditures	-2.4%	-2.5%	-2.7%	-2.1%	-2.0%	-1.9%	-2.2%	-2.4%	-2.1%	-2.3%
Investing Activities Business Acquisitions	-9.0%	-9.4%	-0.3%	-9.4%	-0.0%	-4.2%	-3.7%	-0.6%	-22.4%	-3.2%
Investing Activities Purchases of Investments	-0.5%	-1.0%	-6.5%	-17.3%	-16.7%	-12.1%	-2.5%	-3.7%	-3.9%	-24.0%
Investing Activities Proceeds From Sale of Investments	0.8%	1.4%	11.6%	22.2%	13.7%	6.9%	2.1%	2.8%	17.9%	25.3%
Investing Activities Other Investing Activities	-0.8%	1.1%	-1.5%	0.0%	0.2%	-0.7%	2.3%	1.8%	1.0%	0.8%
Investing Activities net Cash From Investing Activities	-11.8%	-10.3%	0.5%	-6.6%	-4.8%	-11.9%	-3.9%	-2.1%	-9.5%	-3.4%
Financing Activities Proceeds From Debt	11.9%	12.2%	13.0%	8.6%	1.1%	6.2%	0.0%	0.1%	6.3%	8.6%
Financing Activities Repayment of Debt	-7.1%	-6.6%	-14.6%	-4.6%	-1.6%	-2.1%	-1.9%	-2.6%	-2.0%	-3.0%
Financing Activities Repurchase of Common Stock	-3.0%	-1.4%	-3.0%	-3.2%	-1.9%	-1.8%	-4.3%	-3.8%	-4.0%	-6.4%
Financing Activities Dividends Paid	-6.2%	-6.6%	-7.0%	-6.2%	-6.1%	-6.0%	-6.3%	-6.2%	-5.7%	-6.1%
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	2.5%	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	1.6%	0.6%	-0.3%	0.7%	0.8%	0.3%	1.0%	0.5%	0.6%	0.8%
Financing Activities net Cash From Financing Activities	-2.8%	-1.7%	-9.4%	-4.7%	-7.7%	-3.5%	-11.4%	-12.1%	-4.9%	-6.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.2%	-0.1%	-0.2%	-0.1%	0.1%	-0.0%	-0.2%	0.2%	-0.2%
Cash Reconciliation net Change In Cash	-2.2%	1.2%	4.6%	-0.2%	0.3%	-1.9%	-0.5%	0.2%	-0.7%	3.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+67.9%	+69.1%	+68.8%	+69.3%	+70.3%	+65.6%	+66.4%	+66.8%	+66.7%	+69.7%
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	+28.5%	+15.8%	+41.3%	+22.4%	+26.5%	+17.8%	+18.4%	+18.8%	+1.7%	+23.0%
FCF margin	+20.9%	+22.3%	+21.4%	+21.5%	+25.1%	+24.4%	+24.3%	+22.7%	+23.3%	+21.6%
Growth
Revenue CAGR (3y)	+5.6%	+4.1%	+1.0%	-0.8%	-1.2%	+2.6%	+4.5%	+5.2%	+0.9%	+0.3%
Returns
ROE	+32.9%	+19.7%	+51.1%	+23.4%	+28.2%	+23.3%	+25.4%	+25.6%	+2.2%	+23.5%
ROA	+13.5%	+7.8%	+21.0%	+9.6%	+11.5%	+8.4%	+9.6%	+10.0%	+0.8%	+11.7%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.03x	1.11x	1.16x	0.99x	1.35x	1.21x	1.26x	1.47x	1.41x	2.47x
Quick ratio	0.68x	0.77x	0.79x	0.48x	0.66x	0.65x	0.88x	1.03x	1.03x	1.17x
Leverage
D/E	1.44x	1.52x	1.44x	1.44x	1.46x	1.76x	1.65x	1.56x	1.61x	1.01x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.47x	0.49x	0.51x	0.43x	0.43x	0.47x	0.52x	0.53x	0.49x	0.51x
Cash conversion cycle	+93d	+89d	+85d	+70d	+60d	+58d	+71d	+77d	+85d	+80d

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Johnson & Johnson

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