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

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	$19.7B -18.2%	$24.1B 10.3%	$21.9B 69.6%	$12.9B -11.0%	$14.5B 3.6%	$14.0B -19.2%	$17.3B -4.4%	$18.1B 1.6%	$17.8B -6.1%	$19.0B
Short Term Investments	$393.0M -5.8%	$417.0M -61.0%	$1.1B -88.6%	$9.4B -45.1%	$17.1B 52.9%	$11.2B 465.1%	$2.0B 25.4%	$1.6B 234.7%	$472.0M -97.9%	$22.9B
Accounts Receivable	$17.2B 15.7%	$14.8B -0.2%	$14.9B 5.9%	$14.0B -8.1%	$15.3B 12.6%	$13.6B -6.2%	$14.5B 2.7%	$14.1B 4.5%	$13.5B 15.3%	$11.7B
Inventory	$14.2B 14.0%	$12.4B 11.3%	$11.2B 8.9%	$10.3B -1.1%	$10.4B 11.2%	$9.3B 3.6%	$9.0B 4.9%	$8.6B -1.9%	$8.8B 7.6%	$8.1B
Prepaid Expenses	$4.2B 1.7%	$4.1B -9.5%	$4.5B 57.0%	$2.9B -22.3%	$3.7B 18.2%	$3.1B 30.9%	$2.4B -11.4%	$2.7B 6.4%	$2.5B -22.7%	$3.3B
Total Current Assets	$55.6B -0.5%	$55.9B 4.5%	$53.5B -3.3%	$55.3B -9.3%	$61.0B 19.0%	$51.2B 13.2%	$45.3B -1.6%	$46.0B 6.8%	$43.1B -33.7%	$65.0B
Property,Plant and Equipment	$23.2B 12.9%	$20.5B 3.1%	$19.9B 10.7%	$18.0B -5.2%	$19.0B 1.0%	$18.8B 6.3%	$17.7B 3.7%	$17.0B 0.2%	$17.0B 6.9%	$15.9B
Goodwill	$48.8B 10.3%	$44.2B 20.9%	$36.6B 1.4%	$36.0B 2.3%	$35.2B -3.2%	$36.4B 8.2%	$33.6B 10.5%	$30.5B -4.6%	$31.9B 39.9%	$22.8B
Intangible Assets	$50.4B 34.0%	$37.6B 10.1%	$34.2B -11.2%	$38.5B -17.0%	$46.4B -13.1%	$53.4B 12.1%	$47.6B 0.1%	$47.6B -10.6%	$53.2B 98.1%	$26.9B
Deferred Tax Assets	$6.9B -34.3%	$10.5B 12.7%	$9.3B 3.7%	$8.9B -12.5%	$10.2B 19.8%	$8.5B 9.1%	$7.8B 2.3%	$7.6B 7.5%	$7.1B 15.6%	$6.1B
Other Noncurrent Assets	$14.4B 25.9%	$11.4B -19.4%	$14.2B -53.8%	$30.6B 199.7%	$10.2B 55.7%	$6.6B 15.2%	$5.7B 36.2%	$4.2B -15.9%	$5.0B 12.1%	$4.4B
Total Assets	$199.2B 10.6%	$180.1B 7.5%	$167.6B -10.6%	$187.4B 2.9%	$182.0B 4.1%	$174.9B 10.9%	$157.7B 3.1%	$153.0B -2.8%	$157.3B 11.4%	$141.2B
Liabilities
Accounts Payable	$12.0B 16.3%	$10.3B 7.0%	$9.6B -2.6%	$9.9B -10.5%	$11.1B 16.3%	$9.5B 11.2%	$8.5B 13.4%	$7.5B 3.1%	$7.3B 5.7%	$6.9B
Accrued Liabilities	$33.6B -1.1%	$34.0B 2.5%	$33.2B 12.3%	$29.6B -2.8%	$30.4B 0.2%	$30.4B 15.8%	$26.2B 25.5%	$20.9B 8.2%	$19.3B 31.6%	$14.7B
Current Portion of Long Term Debt	$8.5B 42.0%	$6.0B 73.4%	$3.5B -72.9%	$12.8B 238.7%	$3.8B 43.1%	$2.6B 118.9%	$1.2B -57.0%	$2.8B -28.4%	$3.9B -16.6%	$4.7B
Total Current Liabilities	$54.1B 7.6%	$50.3B 8.7%	$46.3B -17.1%	$55.8B 23.4%	$45.2B 6.4%	$42.5B 18.2%	$36.0B 15.2%	$31.2B 2.3%	$30.5B 16.2%	$26.3B
Long Term Debt	$39.4B 28.7%	$30.7B 18.4%	$25.9B -3.7%	$26.9B -10.3%	$30.0B -8.1%	$32.6B 23.2%	$26.5B -4.3%	$27.7B -9.8%	$30.7B 36.7%	$22.4B
Deferred Tax Liabilities	$6.8B 177.4%	$2.4B -23.3%	$3.2B -20.0%	$4.0B -46.7%	$7.5B 3.8%	$7.2B 21.1%	$6.0B -20.6%	$7.5B -10.3%	$8.4B 187.6%	$2.9B
Other Noncurrent Liabilities	$17.3B -31.3%	$25.2B 7.5%	$23.4B -2.0%	$23.9B -5.5%	$25.3B -13.6%	$29.3B -1.9%	$29.8B 11.4%	$26.8B -2.8%	$27.6B 43.9%	$19.2B
Total Liabilities	$117.7B 8.3%	$108.6B 10.0%	$98.8B -10.7%	$110.6B 2.4%	$108.0B -3.2%	$111.6B 13.6%	$98.3B 5.4%	$93.2B -4.1%	$97.1B 37.2%	$70.8B
Equity
Preferred Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Common Stock	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B 0.0%	$3.1B
Retained Earnings	$169.0B 8.5%	$155.8B 1.3%	$153.8B 19.9%	$128.3B 4.3%	$123.1B 8.1%	$113.9B 2.9%	$110.7B 4.2%	$106.2B 4.3%	$101.8B -7.9%	$110.6B
Treasury Stock	$75.6B -0.1%	$75.7B 0.0%	$75.7B 81.5%	$41.7B 6.6%	$39.1B 1.6%	$38.5B 0.2%	$38.4B 11.8%	$34.4B 8.9%	$31.6B 11.3%	$28.4B
Accumulated Other Comprehensive Income	$-14.9B -27.2%	$-11.7B 6.3%	$-12.5B 3.4%	$-13.0B 0.7%	$-13.1B 14.3%	$-15.2B 4.1%	$-15.9B -4.4%	$-15.2B -15.3%	$-13.2B 11.4%	$-14.9B
Total Stockholders Equity	$81.5B 14.1%	$71.5B 3.9%	$68.8B -10.5%	$76.8B 3.8%	$74.0B 17.0%	$63.3B 6.4%	$59.5B -0.5%	$59.8B -0.7%	$60.2B -14.6%	$70.4B
Total Liabilitiesand Equity	$199.2B 10.6%	$180.1B 7.5%	$167.6B -10.6%	$187.4B 2.9%	$182.0B 4.1%	$174.9B 10.9%	$157.7B 3.1%	$153.0B -2.8%	$157.3B 11.4%	$141.2B

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	$94.2B 6.0%	$88.8B 4.3%	$85.2B 6.5%	$80.0B 1.6%	$78.7B -4.7%	$82.6B 0.6%	$82.1B 0.6%	$81.6B 6.7%	$76.5B 6.3%	$71.9B
Expenses Cost of Revenue	$30.3B 10.1%	$27.5B 3.5%	$26.6B 8.0%	$24.6B 5.1%	$23.4B -17.7%	$28.4B 3.2%	$27.6B 1.7%	$27.1B 6.5%	$25.4B 16.8%	$21.8B
Other Income Expense Gross Profit	$63.9B 4.2%	$61.4B 4.7%	$58.6B 5.8%	$55.4B 0.1%	$55.3B 2.2%	$54.2B -0.6%	$54.5B 0.0%	$54.5B 6.8%	$51.0B 1.8%	$50.1B
Expenses Research and Development	$14.7B -14.9%	$17.2B 14.2%	$15.1B 6.7%	$14.1B -1.0%	$14.3B 17.4%	$12.2B 7.1%	$11.4B 5.4%	$10.8B 1.7%	$10.6B 15.9%	$9.1B
Expenses Selling,General and Administrative	$23.7B 3.5%	$22.9B 6.3%	$21.5B 6.3%	$20.2B 0.6%	$20.1B -8.9%	$22.1B -0.4%	$22.2B -1.6%	$22.5B 4.7%	$21.5B 7.2%	$20.1B
Expenses Restructuring and Asset Impairment	$228.0M -2.6%	$234.0M -52.1%	$489.0M 77.8%	$275.0M 31.6%	$209.0M -15.4%	$247.0M -7.1%	$266.0M 6.0%	$251.0M -18.8%	$309.0M -37.1%	$491.0M
Other Income Expense Interest Income	$1.1B -20.7%	$1.3B 5.6%	$1.3B 157.3%	$490.0M 824.5%	$53.0M -52.3%	$111.0M -68.9%	$357.0M -41.6%	$611.0M 58.7%	$385.0M 4.6%	$368.0M
Other Income Expense Interest Expense	$971.0M 28.6%	$755.0M -2.2%	$772.0M 179.7%	$276.0M 50.8%	$183.0M -9.0%	$201.0M -36.8%	$318.0M -68.4%	$1.0B 7.6%	$934.0M 28.7%	$726.0M
Other Income Expense Other Income/expense	$7.1B 245.3%	$-4.9B 29.4%	$-6.9B -336.1%	$-1.6B -11.7%	$-1.4B 53.7%	$-3.1B 9.8%	$-3.4B -34.9%	$-2.5B -591.5%	$-366.0M -53.1%	$-239.0M
Other Income Expense Income Before Tax	$32.6B 95.2%	$16.7B 10.8%	$15.1B -22.2%	$19.4B 0.9%	$19.2B 16.3%	$16.5B -4.8%	$17.3B -3.7%	$18.0B 1.8%	$17.7B -10.8%	$19.8B
Income Tax Income Tax Expense	$5.8B 120.4%	$2.6B 51.0%	$1.7B -41.9%	$3.0B 117.1%	$1.4B -22.8%	$1.8B -19.3%	$2.2B -18.2%	$2.7B -83.5%	$16.4B 401.8%	$3.3B
net Income Other Items Below Tax	$0	$0 -100.0%	$21.8B 1289.4%	$1.6B -48.9%	$3.1B	—	—	—	—	—
net Income net Income	$26.8B 90.6%	$14.1B -60.0%	$35.2B 95.9%	$17.9B -14.1%	$20.9B 41.9%	$14.7B -2.7%	$15.1B -1.2%	$15.3B 1076.7%	$1.3B -92.1%	$16.5B
Earnings Per Share Diluted Eps	$11 90.5%	$6 -57.8%	$14 103.9%	$7 -13.8%	$8 41.7%	$6 -2.1%	$6 0.4%	$6 1093.6%	$0 -92.1%	$6
Earnings Per Share Weighted Average Shares Diluted	$2.4B 0.0%	$2.4B -5.1%	$2.6B -3.9%	$2.7B -0.4%	$2.7B 0.1%	$2.7B -0.5%	$2.7B -1.6%	$2.7B -0.6%	$2.7B -1.6%	$2.8B

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	$26.8B 90.6%	$14.1B -60.0%	$35.2B 95.9%	$17.9B -14.1%	$20.9B 41.9%	$14.7B -2.7%	$15.1B -1.2%	$15.3B 1076.7%	$1.3B -92.1%	$16.5B
Operating Activities Depreciation and Amortization	$7.5B 2.2%	$7.3B -2.0%	$7.5B 7.4%	$7.0B -5.7%	$7.4B 2.2%	$7.2B 3.2%	$7.0B 1.2%	$6.9B 22.8%	$5.6B 50.3%	$3.8B
Operating Activities Stock Based Compensation	$1.4B 15.1%	$1.2B 1.2%	$1.2B 2.1%	$1.1B 0.3%	$1.1B 12.9%	$1.0B 2.9%	$977.0M -0.1%	$978.0M 1.7%	$962.0M 9.6%	$878.0M
Operating Activities Deferred Income Taxes	$1.5B 170.5%	$-2.2B 47.9%	$-4.2B -152.2%	$-1.7B 20.0%	$-2.1B -82.2%	$-1.1B 53.9%	$-2.5B -143.7%	$-1.0B -142.2%	$2.4B 805.6%	$-341.0M
Operating Activities Changes In Operating Assets and Liabilities	$-12.7B -792.3%	$1.8B -26.7%	$2.5B 162.5%	$-4.0B 5.4%	$-4.2B -257.5%	$2.7B -30.4%	$3.9B 128733.3%	$3.0M -100.0%	$11.2B 734.0%	$-1.8B
Operating Activities Other Non Cash Items	$49.0M -97.6%	$2.0B 110.5%	$-19.3B -2459.3%	$819.0M 152.8%	$324.0M 133.6%	$-963.0M 10.7%	$-1.1B -10880.0%	$10.0M 102.0%	$-495.0M -70.1%	$-291.0M
Operating Activities net Cash From Operating Activities	$24.5B 1.1%	$24.3B 6.5%	$22.8B 7.5%	$21.2B -9.5%	$23.4B -0.5%	$23.5B 0.5%	$23.4B 5.5%	$22.2B 5.4%	$21.1B 12.2%	$18.8B
Investing Activities Capital Expenditures	$-4.8B -9.2%	$-4.4B 2.6%	$-4.5B -13.3%	$-4.0B -9.8%	$-3.7B -9.1%	$-3.3B 4.3%	$-3.5B 4.7%	$-3.7B -11.9%	$-3.3B -1.6%	$-3.2B
Investing Activities Business Acquisitions	$-17.9B -5.9%	$-16.9B -3492.1%	$-470.0M 97.3%	$-17.7B -29320.0%	$-60.0M 99.2%	$-7.3B -26.3%	$-5.8B -545.2%	$-899.0M 97.4%	$-35.2B -680.7%	$-4.5B
Investing Activities Purchases of Investments	$-920.0M 46.7%	$-1.7B 84.2%	$-10.9B 66.3%	$-32.4B -6.5%	$-30.4B -44.1%	$-21.1B -438.0%	$-3.9B 30.3%	$-5.6B 8.6%	$-6.2B 81.9%	$-34.0B
Investing Activities Proceeds From Sale of Investments	$1.7B -32.5%	$2.5B -87.3%	$19.4B -53.4%	$41.6B 66.4%	$25.0B 106.0%	$12.1B 258.3%	$3.4B -21.0%	$4.3B -84.7%	$28.1B -21.4%	$35.8B
Investing Activities Other Investing Activities	$-1.6B -177.8%	$2.0B 177.8%	$-2.6B -4089.2%	$65.0M -84.4%	$417.0M 134.7%	$-1.2B -133.0%	$3.6B 33.2%	$2.7B 71.4%	$1.6B 39.7%	$1.1B
Investing Activities net Cash From Investing Activities	$-23.6B -26.8%	$-18.6B -2218.3%	$878.0M 107.1%	$-12.4B -42.5%	$-8.7B 58.3%	$-20.8B -236.2%	$-6.2B -95.6%	$-3.2B 78.7%	$-14.9B -212.3%	$-4.8B
Financing Activities Proceeds From Debt	$23.7B 8.1%	$21.9B 0.7%	$21.8B 35.0%	$16.1B 706.0%	$2.0B -81.5%	$10.8B 25666.7%	$42.0M -50.6%	$85.0M -99.1%	$9.9B -18.6%	$12.1B
Financing Activities Repayment of Debt	$-14.1B -18.5%	$-11.9B 51.5%	$-24.5B -182.4%	$-8.7B -190.2%	$-3.0B 19.7%	$-3.7B -27.5%	$-2.9B 27.5%	$-4.0B -29.8%	$-3.1B 26.7%	$-4.2B
Financing Activities Repurchase of Common Stock	$-6.0B -144.8%	$-2.4B 51.9%	$-5.1B 16.3%	$-6.0B -74.6%	$-3.5B -7.3%	$-3.2B 52.3%	$-6.7B -15.0%	$-5.9B 7.7%	$-6.4B 29.2%	$-9.0B
Financing Activities Dividends Paid	$-12.4B -4.7%	$-11.8B -0.5%	$-11.8B -0.8%	$-11.7B -5.9%	$-11.0B -5.3%	$-10.5B -5.7%	$-9.9B -4.5%	$-9.5B -6.2%	$-8.9B -3.7%	$-8.6B
Financing Activities Proceeds From Stock Issuance	$0	$0 -100.0%	$4.2B	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	$3.2B 194.6%	$1.1B 311.0%	$-508.0M -136.4%	$1.4B -2.6%	$1.4B 193.8%	$487.0M -68.1%	$1.5B 90.9%	$801.0M -8.4%	$874.0M -25.6%	$1.2B
Financing Activities net Cash From Financing Activities	$-5.5B -76.9%	$-3.1B 80.2%	$-15.8B -78.4%	$-8.9B 36.8%	$-14.0B -129.5%	$-6.1B 66.0%	$-18.0B 2.7%	$-18.5B -141.2%	$-7.7B 10.3%	$-8.6B
Cash Reconciliation Effect of Exchange Rate On Cash	$201.0M 169.6%	$-289.0M -158.0%	$-112.0M 64.1%	$-312.0M -75.3%	$-178.0M -300.0%	$89.0M 1088.9%	$-9.0M 96.3%	$-241.0M -171.5%	$337.0M 256.7%	$-215.0M
Cash Reconciliation net Change In Cash	$-4.4B -295.7%	$2.2B -71.0%	$7.7B 2247.8%	$-360.0M -171.7%	$502.0M 115.1%	$-3.3B -314.0%	$-802.0M -383.4%	$283.0M 124.7%	$-1.1B -121.9%	$5.2B

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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FY2025 fundamentals · no price

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Johnson & Johnson

Assets, liabilities, and equity

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Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

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Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

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One-year price and volume history

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Recent price history