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Johnson & Johnson (JNJ) Financials

Johnson & Johnson logo
$154.60 -0.40 (-0.26%)
Closing price 05/6/2025 03:59 PM Eastern
Extended Trading
$156.02 +1.42 (+0.92%)
As of 05/6/2025 08:00 PM Eastern
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Annual Income Statements for Johnson & Johnson

Annual Income Statements for Johnson & Johnson

This table shows Johnson & Johnson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2016 1/1/2017 12/31/2017 12/30/2018 12/29/2019 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Net Income / (Loss) Attributable to Common Shareholders
15,409 16,540 1,300 15,297 15,119 14,714 20,878 17,941 35,153 14,066
Consolidated Net Income / (Loss)
15,409 16,540 1,300 15,297 15,119 14,714 20,878 17,941 35,153 14,066
Net Income / (Loss) Continuing Operations
15,409 16,540 1,300 15,297 15,119 14,714 17,801 16,370 13,326 14,066
Total Pre-Tax Income
19,196 19,803 17,673 17,999 17,328 16,497 19,178 19,359 15,062 16,687
Total Operating Income
17,556 20,371 18,180 19,798 19,814 19,486 19,834 19,955 21,207 20,804
Total Gross Profit
48,538 50,101 51,011 54,490 54,503 54,157 55,338 55,394 58,606 61,350
Total Revenue
70,074 71,890 76,450 81,581 82,059 82,584 78,740 79,990 85,159 88,821
Operating Revenue
70,074 71,890 76,450 81,581 82,059 82,584 78,740 79,990 85,159 88,821
Total Cost of Revenue
21,536 21,789 25,439 27,091 27,556 28,427 23,402 24,596 26,553 27,471
Operating Cost of Revenue
21,536 21,789 25,439 27,091 27,556 28,427 23,402 24,596 26,553 27,471
Total Operating Expenses
30,982 29,730 32,831 34,692 34,689 34,671 35,504 35,439 37,399 40,546
Selling, General & Admin Expense
21,203 20,067 21,520 22,540 22,178 22,084 20,118 20,246 21,512 22,869
Research & Development Expense
9,270 9,172 11,002 11,901 12,245 12,340 15,177 14,918 15,398 17,443
Restructuring Charge
509 491 309 251 266 247 209 275 489 234
Total Other Income / (Expense), net
1,640 -568 -507 -1,799 -2,486 -2,989 -656 -596 -6,145 -4,117
Interest Expense
552 726 934 1,005 318 201 183 276 772 755
Interest & Investment Income
128 368 385 611 357 111 53 490 1,261 1,332
Other Income / (Expense), net
2,064 -210 42 -1,405 -2,525 -2,899 -526 -810 -6,634 -4,694
Income Tax Expense
3,787 3,263 16,373 2,702 2,209 1,783 1,377 2,989 1,736 2,621
Net Income / (Loss) Discontinued Operations
- - - - - - 3,077 1,571 21,827 0.00
Basic Earnings per Share
$5.56 $6.04 $0.48 $5.70 $5.72 $5.59 $7.93 $6.83 $13.88 $5.84
Weighted Average Basic Shares Outstanding
2.77B 2.74B 2.69B 2.68B 2.65B 2.63B 2.63B 2.63B 2.53B 2.41B
Diluted Earnings per Share
$5.48 $5.93 $0.47 $5.61 $5.63 $5.51 $7.81 $6.73 $13.72 $5.79
Weighted Average Diluted Shares Outstanding
2.81B 2.79B 2.75B 2.73B 2.68B 2.67B 2.67B 2.66B 2.56B 2.43B
Weighted Average Basic & Diluted Shares Outstanding
2.77B 2.74B 2.71B 2.68B 2.63B 2.63B 2.63B 2.60B 2.41B 2.41B
Cash Dividends to Common per Share
$2.95 $3.15 $3.32 $3.54 $3.75 $3.98 $4.19 $4.45 $4.70 $4.91

Quarterly Income Statements for Johnson & Johnson

This table shows Johnson & Johnson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025
Net Income / (Loss) Attributable to Common Shareholders
4,458 3,520 -68 5,144 26,028 4,049 3,255 4,686 2,694 3,431 10,999
Consolidated Net Income / (Loss)
4,458 3,520 -68 5,144 26,028 4,049 3,255 4,686 2,694 3,431 10,999
Net Income / (Loss) Continuing Operations
4,310 2,097 -491 5,376 4,309 4,132 3,255 4,686 2,694 3,431 10,999
Total Pre-Tax Income
5,172 2,485 -1,287 6,306 5,217 4,826 3,714 5,748 3,338 3,887 13,631
Total Operating Income
5,299 2,821 5,667 5,813 5,534 4,193 5,909 6,276 5,037 3,582 6,182
Total Gross Profit
13,824 9,641 14,207 15,057 14,745 14,597 14,872 15,578 15,508 15,392 14,536
Total Revenue
19,996 12,548 20,894 21,519 21,351 21,395 21,383 22,447 22,471 22,520 21,893
Operating Revenue
19,996 12,548 20,894 21,519 21,351 21,395 21,383 22,447 22,471 22,520 21,893
Total Cost of Revenue
6,172 2,907 6,687 6,462 6,606 6,798 6,511 6,869 6,963 7,128 7,357
Operating Cost of Revenue
6,172 2,907 6,687 6,462 6,606 6,798 6,511 6,869 6,963 7,128 7,357
Total Operating Expenses
8,525 6,820 8,540 9,244 9,211 10,404 8,963 9,302 10,471 11,810 8,354
Selling, General & Admin Expense
4,975 3,107 4,906 5,396 5,400 5,810 5,257 5,681 5,478 6,453 5,112
Marketing Expense
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Research & Development Expense
3,485 3,658 3,504 3,703 3,653 4,538 3,542 3,634 4,952 5,315 3,225
Restructuring Charge
65 55 130 145 158 56 164 -13 41 42 17
Total Other Income / (Expense), net
-127 -336 -6,954 493 -317 633 -2,195 -528 -1,699 305 7,449
Interest Expense
51 177 212 217 192 151 155 270 193 137 204
Interest & Investment Income
150 254 198 326 374 363 364 395 292 281 332
Other Income / (Expense), net
-226 -413 -6,940 384 -499 421 -2,404 -653 -1,798 161 7,321
Income Tax Expense
862 388 -796 930 908 694 459 1,062 644 456 2,632
Basic Earnings per Share
$1.70 $1.34 ($0.03) $1.98 $10.32 $1.61 $1.35 $1.95 $1.12 $1.42 $4.57
Weighted Average Basic Shares Outstanding
2.63B 2.63B 2.61B 2.60B 2.52B 2.53B 2.41B 2.41B 2.41B 2.41B 2.41B
Diluted Earnings per Share
$1.68 $1.32 ($0.03) $1.96 $10.21 $1.58 $1.34 $1.93 $1.11 $1.41 $4.54
Weighted Average Diluted Shares Outstanding
2.66B 2.66B 2.61B 2.63B 2.55B 2.56B 2.43B 2.42B 2.43B 2.43B 2.42B
Weighted Average Basic & Diluted Shares Outstanding
2.61B 2.60B 2.60B 2.60B 2.41B 2.41B 2.41B 2.41B 2.41B 2.41B 2.41B
Cash Dividends to Common per Share
$1.13 - $1.13 $1.19 $1.19 - $1.19 $1.24 $1.24 - $1.24

Annual Cash Flow Statements for Johnson & Johnson

This table details how cash moves in and out of Johnson & Johnson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2016 1/1/2017 12/31/2017 12/30/2018 12/29/2019 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Net Change in Cash & Equivalents
-791 5,240 -1,485 524 -802 -3,320 502 -360 7,732 2,246
Net Cash From Operating Activities
19,569 18,767 21,056 22,201 23,416 23,536 23,410 21,194 22,791 24,266
Net Cash From Continuing Operating Activities
19,569 18,767 21,056 22,201 23,416 23,536 23,410 21,194 22,791 24,266
Net Income / (Loss) Continuing Operations
15,409 16,540 1,300 15,297 15,119 14,714 20,878 17,941 35,153 14,066
Consolidated Net Income / (Loss)
15,409 16,540 1,300 15,297 15,119 14,714 20,878 17,941 35,153 14,066
Depreciation Expense
3,746 3,754 5,642 6,929 7,009 7,231 7,390 6,970 7,486 7,339
Non-Cash Adjustments To Reconcile Net Income
-945 587 467 988 -101 1,190 1,459 1,957 -18,161 3,207
Changes in Operating Assets and Liabilities, net
1,359 -2,114 13,647 -1,013 1,389 401 -6,317 -5,674 -1,687 -346
Net Cash From Investing Activities
-7,735 -4,761 -14,868 -3,167 -6,194 -20,825 -8,683 -12,371 878 -18,599
Net Cash From Continuing Investing Activities
-7,735 -4,761 -14,868 -3,167 -6,194 -20,825 -8,683 -12,371 878 -18,599
Purchase of Property, Plant & Equipment
-3,463 -3,226 -3,279 -3,670 -3,498 -3,347 -3,652 -4,009 -4,543 -4,424
Acquisitions
-954 -4,509 -35,151 -899 -5,810 -7,323 -60 -17,652 -470 -16,929
Purchase of Investments
-40,828 -33,950 -6,153 -5,626 -3,920 -21,089 -30,394 -32,384 -10,906 -1,726
Sale of Property, Plant & Equipment
3,464 1,267 1,832 3,203 3,265 305 711 543 358 675
Sale and/or Maturity of Investments
34,149 35,780 28,117 4,289 3,387 12,137 25,006 41,609 19,390 2,462
Other Investing Activities, net
-103 -123 -234 -464 382 -1,508 -294 -478 -2,951 1,343
Net Cash From Financing Activities
-11,136 -8,551 -7,673 -18,510 -18,015 -6,120 -14,047 -8,871 -15,825 -3,132
Net Cash From Continuing Financing Activities
-11,136 -8,551 -7,673 -18,510 -18,015 -6,120 -14,047 -8,871 -15,825 -3,132
Repayment of Debt
-1,169 -4,255 -3,295 -4,207 -2,448 -4,021 -2,878 -8,591 -16,746 -10,954
Repurchase of Common Equity
-5,290 -8,979 -6,358 -5,868 -6,746 -3,221 -3,456 -6,035 -5,054 -2,432
Payment of Dividends
-8,173 -8,621 -8,943 -9,494 -9,917 -10,481 -11,032 -11,682 -11,770 -11,823
Issuance of Debt
2,491 12,115 9,861 85 42 10,822 2,002 16,136 13,743 21,937
Issuance of Common Equity
- - - - - - 0.00 0.00 4,241 0.00
Other Financing Activities, net
1,005 1,189 1,062 974 1,054 781 1,317 1,301 -239 140
Effect of Exchange Rate Changes
-1,489 -215 - - -9.00 89 -178 -312 -112 -289
Cash Interest Paid
1,132 1,358 1,826 2,012 1,920 1,745 1,931 1,915 3,602 3,901
Cash Income Taxes Paid
2,865 2,843 3,312 4,570 4,191 4,619 4,768 5,223 8,574 6,714

Quarterly Cash Flow Statements for Johnson & Johnson

This table details how cash moves in and out of Johnson & Johnson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025
Net Change in Cash & Equivalents
372 2,772 12,738 -5,682 -1,455 2,131 3,614 -595 -4,898 4,125 14,369
Net Cash From Operating Activities
6,284 5,350 3,257 4,182 7,489 7,863 3,657 5,633 7,993 6,983 4,174
Net Cash From Continuing Operating Activities
6,284 5,350 3,257 4,182 7,489 7,863 3,657 5,633 7,993 6,983 4,174
Net Income / (Loss) Continuing Operations
4,458 3,520 -68 5,144 26,028 4,049 3,255 4,686 2,694 3,431 10,999
Consolidated Net Income / (Loss)
4,458 3,520 -68 5,144 26,028 4,049 3,255 4,686 2,694 3,431 10,999
Depreciation Expense
1,685 1,772 1,880 1,934 1,829 1,843 1,815 1,782 1,846 1,896 1,772
Non-Cash Adjustments To Reconcile Net Income
310 472 -818 1,847 -20,326 1,136 487 312 1,534 874 255
Changes in Operating Assets and Liabilities, net
-169 -414 2,263 -4,743 -42 835 -1,900 -1,147 1,919 782 -8,852
Net Cash From Investing Activities
-1,701 -4,397 3,315 -3,776 2,541 -1,202 -464 -13,687 -3,128 -1,320 -297
Net Cash From Continuing Investing Activities
-1,701 -4,397 3,315 -3,776 2,541 -1,202 -464 -13,687 -3,128 -1,320 -297
Purchase of Property, Plant & Equipment
-952 -1,587 -863 -1,124 -967 -1,589 -807 -976 -1,029 -1,612 -795
Acquisitions
1.00 -17,130 0.00 - - -470 -1,811 -12,996 -338 -1,784 0.00
Purchase of Investments
-9,115 -1,221 -3,774 -5,914 -293 -925 -630 -554 -280 -262 -251
Sale of Property, Plant & Equipment
8.00 221 40 76 121 121 210 363 50 52 279
Sale and/or Maturity of Investments
8,690 15,285 7,766 4,111 3,910 3,603 979 727 466 290 218
Other Investing Activities, net
-333 35 146 -925 -230 -1,942 1,595 -251 -1,997 1,996 252
Net Cash From Financing Activities
-3,925 1,700 6,138 -5,991 -11,317 -4,655 546 7,544 -9,882 -1,340 10,422
Net Cash From Continuing Financing Activities
-3,925 1,700 6,138 -5,991 -11,317 -4,655 546 7,544 -9,882 -1,340 10,422
Repayment of Debt
-2,469 -1,778 -6,127 -8,038 180 -2,761 -798 -3,883 -4,515 -1,758 -2,831
Repurchase of Common Equity
-2,165 -1,320 -3,537 -381 -920 -216 -1,475 -136 -539 -282 -2,127
Payment of Dividends
-2,970 -2,954 -2,942 -3,092 -2,871 -2,865 -2,869 -2,985 -2,985 -2,984 -2,989
Issuance of Debt
2,727 9,036 18,768 1,127 -7,433 1,281 5,265 15,370 -1,991 3,293 17,922
Other Financing Activities, net
952 -1,284 -24 152 -273 -94 423 -822 148 391 447
Effect of Exchange Rate Changes
-286 119 28 -97 -168 125 -125 -85 119 -198 70

Annual Balance Sheets for Johnson & Johnson

This table presents Johnson & Johnson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2016 1/1/2017 12/31/2017 12/30/2018 12/29/2019 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Total Assets
133,411 141,208 157,303 152,954 157,728 174,894 182,018 187,378 167,558 180,104
Total Current Assets
60,210 65,032 43,088 46,033 45,274 51,237 60,979 55,294 53,495 55,893
Cash & Equivalents
13,732 18,972 17,824 18,107 17,305 13,985 14,487 12,889 21,859 24,105
Short-Term Investments
24,644 22,935 472 1,580 1,982 11,200 17,121 9,392 1,068 417
Accounts Receivable
10,734 11,699 13,490 14,098 14,481 13,576 15,283 14,039 14,873 14,842
Inventories, net
8,053 8,144 8,765 8,599 9,020 9,344 10,387 10,268 11,181 12,444
Prepaid Expenses
3,047 3,282 2,537 2,699 2,392 3,132 3,701 2,876 4,514 4,085
Plant, Property, & Equipment, net
15,905 15,912 17,005 17,035 17,658 18,766 18,962 17,982 19,898 20,518
Total Noncurrent Assets
57,296 60,264 97,210 89,886 94,796 104,891 102,077 114,102 94,165 103,693
Goodwill
21,629 22,805 31,906 30,453 33,639 36,393 35,246 36,047 36,558 44,200
Intangible Assets
25,764 26,876 53,228 47,611 47,643 53,402 46,392 38,489 34,175 37,618
Noncurrent Deferred & Refundable Income Taxes
5,490 6,148 7,105 7,640 7,819 8,534 10,223 8,947 9,279 10,461
Other Noncurrent Operating Assets
4,413 4,435 4,971 4,182 5,695 6,562 10,216 9,212 14,153 11,414
Total Liabilities & Shareholders' Equity
133,411 141,208 157,303 152,954 157,728 174,894 182,018 187,378 167,558 180,104
Total Liabilities
62,261 70,790 97,143 93,202 98,257 111,616 107,995 110,574 98,784 108,614
Total Current Liabilities
27,747 26,287 30,537 31,230 35,964 42,493 45,226 55,802 46,282 50,321
Short-Term Debt
7,004 4,684 3,906 2,796 1,202 2,631 3,766 12,756 3,451 5,983
Accounts Payable
6,668 6,918 7,310 7,537 8,544 9,505 11,055 9,889 9,632 10,311
Accrued Expenses
10,851 11,038 14,514 16,981 20,598 25,481 25,707 24,298 26,213 26,129
Current Deferred & Payable Income Tax Liabilities
750 971 1,854 818 2,266 1,392 1,112 2,220 2,993 3,772
Current Employee Benefit Liabilities
2,474 2,676 2,953 3,098 3,354 3,484 3,586 3,049 3,993 4,126
Total Noncurrent Liabilities
34,514 44,503 66,606 61,972 62,293 69,123 62,769 54,772 52,502 58,293
Long-Term Debt
12,857 22,442 30,675 27,684 26,494 32,635 29,985 26,886 25,881 30,651
Noncurrent Deferred Revenue
- 0.00 8,472 8,242 7,444 6,559 5,713 4,306 2,881 390
Noncurrent Deferred & Payable Income Tax Liabilities
2,562 2,910 8,368 7,506 5,958 7,214 7,487 3,991 3,193 2,448
Noncurrent Employee Benefit Liabilities
8,854 9,615 10,074 9,951 10,663 10,771 8,898 6,542 7,149 7,255
Other Noncurrent Operating Liabilities
10,241 9,536 9,017 8,589 11,734 11,944 10,686 10,146 13,398 17,549
Commitments & Contingencies
- - - - - 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
71,150 70,418 60,160 59,752 59,471 63,278 74,023 76,804 68,774 71,490
Total Preferred & Common Equity
71,150 70,418 60,160 59,752 59,471 63,278 74,023 76,804 68,774 71,490
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
71,150 70,418 60,160 59,752 59,471 63,278 74,023 76,804 68,774 71,490
Common Stock
3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120
Retained Earnings
103,879 110,551 101,793 106,216 110,659 113,890 123,060 128,345 153,843 155,791
Treasury Stock
-22,684 -28,352 -31,554 -34,362 -38,417 -38,490 -39,099 -41,694 -75,662 -75,680
Accumulated Other Comprehensive Income / (Loss)
-13,165 -14,901 -13,199 -15,222 -15,891 -15,242 -13,058 -12,967 -12,527 -11,741

Quarterly Balance Sheets for Johnson & Johnson

This table presents Johnson & Johnson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025
Total Assets
175,124 187,378 195,969 191,686 166,061 167,558 171,966 181,088 178,287 180,104 193,671
Total Current Assets
65,236 55,294 64,388 60,567 53,703 53,495 57,002 57,817 53,249 55,893 71,551
Cash & Equivalents
11,355 12,889 19,170 21,183 19,728 21,859 25,473 24,878 19,980 24,105 38,474
Short-Term Investments
22,724 9,392 5,443 7,322 3,783 1,068 745 597 317 417 307
Accounts Receivable
15,890 14,039 16,350 16,777 14,798 14,873 14,946 15,794 16,174 14,842 16,020
Inventories, net
11,675 10,268 12,809 12,888 11,198 11,181 11,383 12,169 12,603 12,444 12,659
Prepaid Expenses
3,592 2,876 2,921 2,397 4,196 4,514 4,455 4,379 4,175 4,085 4,091
Plant, Property, & Equipment, net
18,152 17,982 20,174 20,576 18,821 19,898 19,632 19,748 20,479 20,518 20,871
Plant, Property & Equipment, gross
46,681 - 50,367 51,218 45,626 - 47,585 48,035 49,274 - 49,884
Accumulated Depreciation
28,529 - 30,193 30,642 26,805 - 27,953 28,287 28,795 - 29,013
Total Noncurrent Assets
91,736 114,102 111,407 110,543 93,537 94,165 95,332 103,523 104,559 103,693 101,249
Goodwill
33,383 36,047 45,575 45,440 36,124 36,558 36,616 44,250 44,799 44,200 44,468
Intangible Assets
40,336 38,489 47,448 46,246 35,021 34,175 34,286 39,725 39,490 37,618 36,755
Noncurrent Deferred & Refundable Income Taxes
9,392 8,947 8,817 8,779 9,259 9,279 10,305 9,004 9,349 10,461 8,492
Other Noncurrent Operating Assets
8,625 9,212 9,567 10,078 13,133 14,153 14,125 10,544 10,921 11,414 11,534
Total Liabilities & Shareholders' Equity
175,124 187,378 195,969 191,686 166,061 167,558 171,966 181,088 178,287 180,104 193,671
Total Liabilities
100,525 110,574 125,100 115,277 94,833 98,784 101,946 109,550 108,129 108,614 115,562
Total Current Liabilities
45,543 55,802 60,373 54,170 44,370 46,282 48,725 53,933 51,759 50,321 56,903
Short-Term Debt
4,424 12,756 17,979 11,701 3,870 3,451 8,550 9,855 4,462 5,983 13,897
Accounts Payable
10,153 9,889 9,909 10,443 8,355 9,632 8,174 8,848 8,954 10,311 9,545
Accrued Expenses
25,974 24,298 25,988 26,277 25,909 26,213 26,505 28,078 29,889 26,129 26,693
Current Deferred & Payable Income Tax Liabilities
1,986 2,220 4,266 2,687 2,899 2,993 3,318 4,309 4,834 3,772 4,217
Current Employee Benefit Liabilities
3,006 3,049 2,231 3,062 3,337 3,993 2,178 2,843 3,620 4,126 2,551
Total Noncurrent Liabilities
54,982 54,772 64,727 61,107 50,463 52,502 53,221 55,617 56,370 58,293 58,659
Long-Term Debt
27,603 26,886 34,928 33,901 26,051 25,881 25,082 31,636 31,289 30,651 38,355
Noncurrent Deferred Revenue
4,162 4,306 4,296 2,536 2,540 2,881 2,881 341 354 390 395
Noncurrent Deferred & Payable Income Tax Liabilities
4,946 3,991 4,417 3,627 2,623 3,193 3,172 2,635 2,952 2,448 2,428
Noncurrent Employee Benefit Liabilities
8,353 6,542 6,665 6,461 5,687 7,149 7,019 6,919 6,852 7,255 7,046
Other Noncurrent Operating Liabilities
9,918 10,146 14,421 14,582 13,562 13,398 15,067 14,086 14,923 17,549 10,435
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
74,599 76,804 70,869 76,409 71,228 68,774 70,020 71,538 70,158 71,490 78,109
Total Preferred & Common Equity
74,599 76,804 70,869 75,149 71,228 68,774 70,020 71,538 70,158 71,490 78,109
Total Common Equity
74,599 76,804 70,869 75,149 71,228 68,774 70,020 71,538 70,158 71,490 78,109
Common Stock
3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120 3,120
Retained Earnings
127,917 128,345 124,558 129,381 152,536 153,843 153,378 155,360 155,179 155,791 162,635
Accumulated Other Comprehensive Income / (Loss)
-15,292 -12,967 -12,626 -13,135 -8,780 -12,527 -10,768 -11,253 -12,522 -11,741 -11,740
Other Equity Adjustments
- - -44,183 -44,217 -75,648 - -75,710 -75,689 -75,619 - -75,906

Annual Metrics and Ratios for Johnson & Johnson

This table displays calculated financial ratios and metrics derived from Johnson & Johnson's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2016 1/1/2017 12/31/2017 12/30/2018 12/29/2019 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-5.73% 2.59% 6.34% 6.71% 0.59% 0.64% -4.65% 1.59% 6.46% 4.30%
EBITDA Growth
-6.25% 2.35% -0.21% 6.11% -4.04% -1.98% 12.09% -2.18% -15.53% 6.30%
EBIT Growth
-6.70% 2.76% -9.62% 0.94% -6.00% -4.06% 16.40% -0.84% -23.88% 10.55%
NOPAT Growth
-15.30% 20.73% -92.14% 1,158.21% 2.75% 0.53% 5.93% -8.34% 11.19% -6.54%
Net Income Growth
-5.60% 7.34% -92.14% 1,076.69% -1.16% -2.68% 41.89% -14.07% 95.94% -59.99%
EPS Growth
-3.86% 8.21% -92.07% 1,093.62% 0.36% -2.13% 41.74% -13.83% 103.86% -57.80%
Operating Cash Flow Growth
4.59% -4.10% 12.20% 5.44% 5.47% 0.51% -0.54% -9.47% 7.54% 6.47%
Free Cash Flow Firm Growth
-30.36% -16.99% -238.95% 221.60% -19.34% -38.17% 32.15% 25.75% -13.34% -46.40%
Invested Capital Growth
-5.03% 5.70% 37.40% -8.96% -2.60% 8.22% 3.83% -3.61% 2.40% 11.20%
Revenue Q/Q Growth
-0.63% 0.41% 2.81% 0.24% 0.43% 2.14% -13.89% 3.60% 11.59% 1.28%
EBITDA Q/Q Growth
4.86% 2.42% -3.42% 1.17% 4.86% -9.07% -1.96% 4.20% 11.51% -3.37%
EBIT Q/Q Growth
5.60% 2.77% -8.34% 2.38% 6.44% -13.10% -2.21% 6.23% 17.84% -5.13%
NOPAT Q/Q Growth
-7.01% 8.77% -91.64% 937.45% 0.51% -0.71% -10.68% 3.89% 6.57% -2.26%
Net Income Q/Q Growth
4.72% 3.76% -91.79% 892.02% 6.84% -13.38% 16.77% -6.35% 1.53% -4.21%
EPS Q/Q Growth
4.78% 4.22% -91.84% 867.24% 7.24% -13.36% 16.74% -6.27% 1.93% -2.85%
Operating Cash Flow Q/Q Growth
2.52% 9.12% -2.54% 0.63% 0.66% 9.01% -10.03% -1.77% 12.39% -3.50%
Free Cash Flow Firm Q/Q Growth
-15.64% 35.84% -10.64% 31.38% -21.82% -23.50% -16.87% 16.14% 35.87% -8.57%
Invested Capital Q/Q Growth
-2.52% -6.22% -17.73% -9.04% -2.17% 2.80% 4.05% 1.20% -3.17% -2.35%
Profitability Metrics
- - - - - - - - - -
Gross Margin
69.27% 69.69% 66.72% 66.79% 66.42% 65.58% 70.28% 69.25% 68.82% 69.07%
EBITDA Margin
33.34% 33.27% 31.22% 31.04% 29.61% 28.84% 33.91% 32.65% 25.90% 26.40%
Operating Margin
25.05% 28.34% 23.78% 24.27% 24.15% 23.60% 25.19% 24.95% 24.90% 23.42%
EBIT Margin
28.00% 28.04% 23.84% 22.55% 21.07% 20.09% 24.52% 23.93% 17.11% 18.14%
Profit (Net Income) Margin
21.99% 23.01% 1.70% 18.75% 18.42% 17.82% 26.52% 22.43% 41.28% 15.84%
Tax Burden Percent
80.27% 83.52% 7.36% 84.99% 87.25% 89.19% 108.86% 92.68% 233.39% 84.29%
Interest Burden Percent
97.84% 98.22% 96.99% 97.86% 100.23% 99.46% 99.33% 101.12% 103.36% 103.58%
Effective Tax Rate
19.73% 16.48% 92.64% 15.01% 12.75% 10.81% 7.18% 15.44% 11.53% 15.71%
Return on Invested Capital (ROIC)
26.08% 31.43% 2.02% 23.04% 25.17% 24.63% 24.62% 22.56% 25.25% 22.09%
ROIC Less NNEP Spread (ROIC-NNEP)
18.07% 34.28% -2.93% 11.34% 1.28% -4.36% 65.01% -149.26% 1,110.70% -15.39%
Return on Net Nonoperating Assets (RNNOA)
-4.21% -8.06% -0.03% 2.47% 0.19% -0.65% 5.79% 1.23% 23.04% -2.03%
Return on Equity (ROE)
21.87% 23.37% 1.99% 25.51% 25.36% 23.97% 30.41% 23.79% 48.29% 20.06%
Cash Return on Invested Capital (CROIC)
31.24% 25.88% -29.48% 32.42% 27.80% 16.73% 20.87% 26.23% 22.88% 11.48%
Operating Return on Assets (OROA)
14.88% 14.68% 12.21% 11.86% 11.13% 9.97% 10.82% 10.37% 8.21% 9.27%
Return on Assets (ROA)
11.68% 12.05% 0.87% 9.86% 9.73% 8.85% 11.70% 9.71% 19.81% 8.09%
Return on Common Equity (ROCE)
21.87% 23.37% 1.99% 25.51% 25.36% 23.97% 30.41% 23.79% 48.29% 20.06%
Return on Equity Simple (ROE_SIMPLE)
21.66% 23.49% 2.16% 25.60% 25.42% 23.25% 28.20% 23.36% 51.11% 19.68%
Net Operating Profit after Tax (NOPAT)
14,093 17,014 1,337 16,826 17,288 17,380 18,410 16,874 18,763 17,536
NOPAT Margin
20.11% 23.67% 1.75% 20.62% 21.07% 21.05% 23.38% 21.10% 22.03% 19.74%
Net Nonoperating Expense Percent (NNEP)
8.02% -2.85% 4.96% 11.70% 23.89% 28.98% -40.38% 171.82% -1,085.45% 37.48%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 14.49% 19.13% 16.22%
Cost of Revenue to Revenue
30.73% 30.31% 33.28% 33.21% 33.58% 34.42% 29.72% 30.75% 31.18% 30.93%
SG&A Expenses to Revenue
30.26% 27.91% 28.15% 27.63% 27.03% 26.74% 25.55% 25.31% 25.26% 25.75%
R&D to Revenue
13.23% 12.76% 14.39% 14.59% 14.92% 14.94% 19.27% 18.65% 18.08% 19.64%
Operating Expenses to Revenue
44.21% 41.35% 42.94% 42.52% 42.27% 41.98% 45.09% 44.30% 43.92% 45.65%
Earnings before Interest and Taxes (EBIT)
19,620 20,161 18,222 18,393 17,289 16,587 19,308 19,145 14,573 16,110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
23,366 23,915 23,864 25,322 24,298 23,818 26,698 26,115 22,059 23,449
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.17 3.63 5.22 4.91 5.70 5.95 5.66 5.66 5.32 4.89
Price to Tangible Book Value (P/TBV)
9.49 12.33 0.00 0.00 0.00 0.00 0.00 191.57 0.00 0.00
Price to Revenue (P/Rev)
3.22 3.56 4.11 3.60 4.13 4.56 5.33 5.43 4.29 3.93
Price to Earnings (P/E)
14.64 15.46 241.73 19.19 22.43 25.57 20.08 24.22 10.40 24.83
Dividend Yield
3.62% 3.35% 2.84% 3.23% 2.91% 2.78% 2.63% 2.68% 3.09% 3.39%
Earnings Yield
6.83% 6.47% 0.41% 5.21% 4.46% 3.91% 4.98% 4.13% 9.61% 4.03%
Enterprise Value to Invested Capital (EV/IC)
3.93 4.33 4.32 4.37 5.13 5.27 5.53 6.15 4.95 4.32
Enterprise Value to Revenue (EV/Rev)
2.95 3.35 4.32 3.73 4.24 4.68 5.35 5.65 4.37 4.07
Enterprise Value to EBITDA (EV/EBITDA)
8.86 10.08 13.85 12.02 14.30 16.22 15.79 17.30 16.87 15.41
Enterprise Value to EBIT (EV/EBIT)
10.55 11.95 18.14 16.54 20.10 23.29 21.83 23.60 25.54 22.43
Enterprise Value to NOPAT (EV/NOPAT)
14.69 14.16 247.16 18.09 20.10 22.23 22.89 26.78 19.83 20.61
Enterprise Value to Operating Cash Flow (EV/OCF)
10.58 12.84 15.70 13.71 14.84 16.41 18.00 21.32 16.33 14.89
Enterprise Value to Free Cash Flow (EV/FCFF)
12.26 17.20 0.00 12.85 18.20 32.72 27.01 23.03 21.89 39.65
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.28 0.39 0.57 0.51 0.47 0.56 0.46 0.52 0.43 0.51
Long-Term Debt to Equity
0.18 0.32 0.51 0.46 0.45 0.52 0.41 0.35 0.38 0.43
Financial Leverage
-0.23 -0.24 0.01 0.22 0.15 0.15 0.09 -0.01 0.02 0.13
Leverage Ratio
1.87 1.94 2.29 2.59 2.61 2.71 2.60 2.45 2.44 2.48
Compound Leverage Factor
1.83 1.91 2.22 2.53 2.61 2.70 2.58 2.48 2.52 2.57
Debt to Total Capital
21.82% 27.81% 36.50% 33.78% 31.77% 35.79% 31.32% 34.04% 29.90% 33.88%
Short-Term Debt to Total Capital
7.70% 4.80% 4.12% 3.10% 1.38% 2.67% 3.49% 10.95% 3.52% 5.53%
Long-Term Debt to Total Capital
14.13% 23.01% 32.38% 30.68% 30.39% 33.12% 27.82% 23.09% 26.38% 28.35%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
78.18% 72.19% 63.50% 66.22% 68.23% 64.21% 68.68% 65.96% 70.10% 66.12%
Debt to EBITDA
0.85 1.13 1.45 1.20 1.14 1.48 1.26 1.52 1.33 1.56
Net Debt to EBITDA
-0.79 -0.62 0.68 0.43 0.35 0.42 0.08 0.66 0.29 0.52
Long-Term Debt to EBITDA
0.55 0.94 1.29 1.09 1.09 1.37 1.12 1.03 1.17 1.31
Debt to NOPAT
1.41 1.59 25.86 1.81 1.60 2.03 1.83 2.35 1.56 2.09
Net Debt to NOPAT
-1.31 -0.87 12.18 0.64 0.49 0.58 0.12 1.03 0.34 0.69
Long-Term Debt to NOPAT
0.91 1.32 22.94 1.65 1.53 1.88 1.63 1.59 1.38 1.75
Altman Z-Score
4.57 4.57 3.81 3.91 4.01 3.78 4.16 4.08 4.35 3.97
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.17 2.47 1.41 1.47 1.26 1.21 1.35 0.99 1.16 1.11
Quick Ratio
1.77 2.04 1.04 1.08 0.94 0.91 1.04 0.65 0.82 0.78
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
16,881 14,012 -19,471 23,676 19,097 11,807 15,603 19,621 17,003 9,113
Operating Cash Flow to CapEx
0.00% 957.99% 1,455.15% 4,753.96% 10,049.79% 773.70% 795.99% 611.48% 544.59% 647.27%
Free Cash Flow to Firm to Interest Expense
30.58 19.30 -20.85 23.56 60.05 58.74 85.26 71.09 22.02 12.07
Operating Cash Flow to Interest Expense
35.45 25.85 22.54 22.09 73.64 117.09 127.92 76.79 29.52 32.14
Operating Cash Flow Less CapEx to Interest Expense
35.45 23.15 20.99 21.63 72.90 101.96 111.85 64.23 24.10 27.17
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.53 0.52 0.51 0.53 0.53 0.50 0.44 0.43 0.48 0.51
Accounts Receivable Turnover
6.45 6.41 6.07 5.91 5.74 5.89 5.46 5.46 5.89 5.98
Inventory Turnover
2.65 2.69 3.01 3.12 3.13 3.10 2.37 2.38 2.48 2.33
Fixed Asset Turnover
4.38 4.52 4.65 4.79 4.73 4.53 4.17 4.33 4.50 4.40
Accounts Payable Turnover
3.01 3.21 3.58 3.65 3.43 3.15 2.28 2.35 2.72 2.76
Days Sales Outstanding (DSO)
56.56 56.95 60.13 61.72 63.56 62.00 66.89 66.90 61.96 61.06
Days Inventory Outstanding (DIO)
137.60 135.66 121.31 116.97 116.69 117.90 153.87 153.26 147.42 156.95
Days Payable Outstanding (DPO)
121.19 113.79 102.07 100.02 106.50 115.87 160.34 155.40 134.17 132.49
Cash Conversion Cycle (CCC)
72.97 78.82 79.36 78.67 73.75 64.02 60.42 64.75 75.21 85.52
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
52,635 55,637 76,445 69,595 67,786 73,359 76,166 73,419 75,179 83,602
Invested Capital Turnover
1.30 1.33 1.16 1.12 1.19 1.17 1.05 1.07 1.15 1.12
Increase / (Decrease) in Invested Capital
-2,788 3,002 20,808 -6,850 -1,809 5,573 2,807 -2,747 1,760 8,423
Enterprise Value (EV)
207,028 240,973 330,529 304,303 347,556 386,341 421,449 451,852 372,143 361,338
Market Capitalization
225,543 255,754 314,244 293,510 339,147 376,260 419,306 434,491 365,738 349,226
Book Value per Share
$25.71 $25.88 $22.39 $22.28 $22.60 $24.04 $28.12 $29.38 $28.57 $29.69
Tangible Book Value per Share
$8.59 $7.62 ($9.30) ($6.83) ($8.29) ($10.07) ($2.89) $0.87 ($0.81) ($4.29)
Total Capital
91,011 97,544 94,741 90,232 87,167 98,544 107,774 116,446 98,106 108,124
Total Debt
19,861 27,126 34,581 30,480 27,696 35,266 33,751 39,642 29,332 36,634
Total Long-Term Debt
12,857 22,442 30,675 27,684 26,494 32,635 29,985 26,886 25,881 30,651
Net Debt
-18,515 -14,781 16,285 10,793 8,409 10,081 2,143 17,361 6,405 12,112
Capital Expenditures (CapEx)
-1.00 1,959 1,447 467 233 3,042 2,941 3,466 4,185 3,749
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,091 1,522 -1,839 -2,088 -8,775 -13,810 -12,089 -10,033 -12,263 -12,967
Debt-free Net Working Capital (DFNWC)
39,467 43,429 16,457 17,599 10,512 11,375 19,519 12,248 10,664 11,555
Net Working Capital (NWC)
32,463 38,745 12,551 14,803 9,310 8,744 15,753 -508 7,213 5,572
Net Nonoperating Expense (NNE)
-1,316 474 37 1,529 2,169 2,666 -2,468 -1,067 -16,390 3,470
Net Nonoperating Obligations (NNO)
-18,515 -14,781 16,285 9,843 8,315 10,081 2,143 -3,385 6,405 12,112
Total Depreciation and Amortization (D&A)
3,746 3,754 5,642 6,929 7,009 7,231 7,390 6,970 7,486 7,339
Debt-free, Cash-free Net Working Capital to Revenue
1.56% 2.12% -2.41% -2.56% -10.69% -16.72% -15.35% -12.54% -14.40% -14.60%
Debt-free Net Working Capital to Revenue
56.32% 60.41% 21.53% 21.57% 12.81% 13.77% 24.79% 15.31% 12.52% 13.01%
Net Working Capital to Revenue
46.33% 53.89% 16.42% 18.15% 11.35% 10.59% 20.01% -0.64% 8.47% 6.27%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$5.56 $6.04 $0.48 $0.00 $5.72 $5.59 $7.93 $6.83 $13.88 $5.84
Adjusted Weighted Average Basic Shares Outstanding
2.77B 2.74B 2.69B 0.00 2.65B 2.63B 2.63B 2.63B 2.53B 2.41B
Adjusted Diluted Earnings per Share
$5.48 $5.93 $0.47 $0.00 $5.63 $5.51 $7.81 $6.73 $13.72 $5.79
Adjusted Weighted Average Diluted Shares Outstanding
2.81B 2.79B 2.75B 0.00 2.68B 2.67B 2.67B 2.66B 2.56B 2.43B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
2.76B 2.71B 2.68B 0.00 2.63B 2.63B 2.63B 2.60B 2.41B 2.41B
Normalized Net Operating Profit after Tax (NOPAT)
14,501 17,425 12,942 17,039 17,520 17,600 18,604 17,107 19,195 17,734
Normalized NOPAT Margin
20.69% 24.24% 16.93% 20.89% 21.35% 21.31% 23.63% 21.39% 22.54% 19.97%
Pre Tax Income Margin
27.39% 27.55% 23.12% 22.06% 21.12% 19.98% 24.36% 24.20% 17.69% 18.79%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
35.54 27.77 19.51 18.30 54.37 82.52 105.51 69.37 18.88 21.34
NOPAT to Interest Expense
25.53 23.44 1.43 16.74 54.37 86.47 100.60 61.14 24.30 23.23
EBIT Less CapEx to Interest Expense
35.55 25.07 17.96 17.84 53.64 67.39 89.44 56.81 13.46 16.37
NOPAT Less CapEx to Interest Expense
25.53 20.74 -0.12 16.28 53.63 71.33 84.53 48.58 18.88 18.26
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
53.04% 52.12% 687.92% 62.06% 65.59% 71.23% 52.84% 65.11% 33.48% 84.05%
Augmented Payout Ratio
87.37% 106.41% 1,177.00% 100.42% 110.21% 93.12% 69.39% 98.75% 47.86% 101.34%

Quarterly Metrics and Ratios for Johnson & Johnson

This table displays calculated financial ratios and metrics derived from Johnson & Johnson's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 10/2/2022 1/1/2023 4/2/2023 7/2/2023 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-14.32% 28.45% -10.81% -10.41% 6.78% 70.51% 2.34% 4.31% 5.25% 5.26% 2.39%
EBITDA Growth
19.19% 33.63% -92.03% 7.58% 1.57% 54.47% 776.44% -8.93% -25.92% -12.67% 187.12%
EBIT Growth
31.56% 87.39% -121.76% 6.59% -0.75% 91.61% 375.33% -9.26% -35.67% -18.88% 285.25%
NOPAT Growth
-18.77% 33.47% -21.43% -1.23% 3.51% 50.81% 30.55% 3.24% -11.06% -11.93% -3.68%
Net Income Growth
21.57% -25.68% -101.32% 6.86% 483.85% 15.03% 4,886.76% -8.90% -89.65% -15.26% 237.91%
EPS Growth
22.63% -25.42% -101.55% 8.89% 507.74% 19.70% 4,566.67% -1.53% -89.13% -10.76% 238.81%
Operating Cash Flow Growth
-24.20% -6.66% -18.15% -25.07% 19.18% 46.97% 12.28% 34.70% 6.73% -11.19% 14.14%
Free Cash Flow Firm Growth
40.92% 601.04% -516.64% -290.41% -110.26% -64.31% 291.51% 190.99% -651.44% -387.49% -147.66%
Invested Capital Growth
-0.89% -3.61% 18.07% 22.41% 7.02% 2.40% -15.34% -6.37% 10.27% 11.20% 18.27%
Revenue Q/Q Growth
-16.75% -37.25% 66.51% 2.99% -0.78% 0.21% -0.06% 4.98% 0.11% 0.22% -2.78%
EBITDA Q/Q Growth
-10.58% -38.15% -85.48% 1,239.54% -15.58% -5.93% -17.61% 39.19% -31.33% 10.89% 170.88%
EBIT Q/Q Growth
-12.75% -52.53% -152.87% 586.80% -18.75% -8.36% -24.04% 60.43% -42.40% 15.56% 260.75%
NOPAT Q/Q Growth
-11.99% -46.09% 66.64% 24.93% -7.77% -21.46% 44.25% -1.20% -20.55% -22.22% 57.77%
Net Income Q/Q Growth
-7.40% -21.04% -101.93% 7,664.71% 405.99% -84.44% -19.61% 43.96% -42.51% 27.36% 220.58%
EPS Q/Q Growth
-6.67% -21.43% -102.27% 6,633.33% 420.92% -84.53% -15.19% 44.03% -42.49% 27.03% 221.99%
Operating Cash Flow Q/Q Growth
12.60% -14.86% -39.12% 28.40% 79.08% 4.99% -53.49% 54.03% 41.90% -12.64% -40.23%
Free Cash Flow Firm Q/Q Growth
-20.67% 1.18% -295.65% -21.25% 95.72% 451.81% 949.86% -42.39% -135.31% -34.60% -74.06%
Invested Capital Q/Q Growth
-5.03% 1.20% 24.58% 2.23% -16.97% -3.17% 3.00% 13.07% -2.22% -2.35% 9.54%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
69.13% 76.83% 68.00% 69.97% 69.06% 68.23% 69.55% 69.40% 69.01% 68.35% 66.40%
EBITDA Margin
33.80% 33.31% 2.91% 37.79% 32.15% 30.18% 24.88% 32.99% 22.63% 25.04% 69.77%
Operating Margin
26.50% 22.48% 27.12% 27.01% 25.92% 19.60% 27.63% 27.96% 22.42% 15.91% 28.24%
EBIT Margin
25.37% 19.19% -6.09% 28.80% 23.58% 21.57% 16.39% 25.05% 14.41% 16.62% 61.68%
Profit (Net Income) Margin
22.29% 28.05% -0.33% 23.90% 121.91% 18.93% 15.22% 20.88% 11.99% 15.24% 50.24%
Tax Burden Percent
86.19% 141.65% 5.28% 81.57% 498.91% 83.90% 87.64% 81.52% 80.71% 88.27% 80.69%
Interest Burden Percent
101.95% 103.20% 101.10% 101.76% 103.61% 104.59% 105.96% 102.22% 103.06% 103.85% 100.95%
Effective Tax Rate
16.67% 15.61% 0.00% 14.75% 17.40% 14.38% 12.36% 18.48% 19.29% 11.73% 19.31%
Return on Invested Capital (ROIC)
23.40% 20.29% 17.41% 20.32% 21.76% 19.23% 24.56% 21.80% 19.44% 15.71% 24.09%
ROIC Less NNEP Spread (ROIC-NNEP)
33.04% -163.20% -17.14% 22.52% 1,006.48% 49.63% 10.83% 19.20% 6.89% 18.62% 81.65%
Return on Net Nonoperating Assets (RNNOA)
0.20% 1.34% -2.75% 2.52% 30.08% 1.03% 2.15% 4.30% 1.07% 2.46% 11.51%
Return on Equity (ROE)
23.60% 21.63% 14.66% 22.85% 51.83% 20.26% 26.72% 26.09% 20.50% 18.17% 35.60%
Cash Return on Invested Capital (CROIC)
23.18% 26.23% 4.10% 0.40% 16.67% 22.88% 38.23% 26.90% 12.21% 11.48% 3.71%
Operating Return on Assets (OROA)
11.06% 8.31% -2.52% 11.69% 10.55% 10.35% 7.63% 11.64% 7.34% 8.49% 30.14%
Return on Assets (ROA)
9.72% 12.15% -0.13% 9.70% 54.53% 9.08% 7.09% 9.70% 6.11% 7.78% 24.55%
Return on Common Equity (ROCE)
23.60% 21.63% 14.66% 22.66% 51.83% 20.26% 26.72% 25.87% 20.50% 18.17% 35.60%
Return on Equity Simple (ROE_SIMPLE)
25.68% 0.00% 17.95% 17.37% 48.61% 0.00% 54.95% 53.14% 20.93% 0.00% 27.92%
Net Operating Profit after Tax (NOPAT)
4,416 2,381 3,967 4,956 4,571 3,590 5,179 5,116 4,065 3,162 4,988
NOPAT Margin
22.08% 18.97% 18.99% 23.03% 21.41% 16.78% 24.22% 22.79% 18.09% 14.04% 22.79%
Net Nonoperating Expense Percent (NNEP)
-9.64% 183.49% 34.55% -2.20% -984.73% -30.40% 13.73% 2.60% 12.54% -2.91% -57.56%
Return On Investment Capital (ROIC_SIMPLE)
- 2.04% - - - 3.66% - - - 2.92% 3.83%
Cost of Revenue to Revenue
30.87% 23.17% 32.00% 30.03% 30.94% 31.77% 30.45% 30.60% 30.99% 31.65% 33.60%
SG&A Expenses to Revenue
24.88% 24.76% 23.48% 25.08% 25.29% 27.16% 24.59% 25.31% 24.38% 28.65% 23.35%
R&D to Revenue
17.43% 29.15% 16.77% 17.21% 17.11% 21.21% 16.56% 16.19% 22.04% 23.60% 14.73%
Operating Expenses to Revenue
42.63% 54.35% 40.87% 42.96% 43.14% 48.63% 41.92% 41.44% 46.60% 52.44% 38.16%
Earnings before Interest and Taxes (EBIT)
5,073 2,408 -1,273 6,197 5,035 4,614 3,505 5,623 3,239 3,743 13,503
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
6,758 4,180 607 8,131 6,864 6,457 5,320 7,405 5,085 5,639 15,275
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
5.47 5.66 5.48 5.55 5.51 5.32 5.39 4.92 5.54 4.89 5.05
Price to Tangible Book Value (P/TBV)
463.37 191.57 0.00 0.00 4,727.39 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
5.28 5.43 5.02 5.56 5.14 4.29 4.41 4.06 4.43 3.93 4.41
Price to Earnings (P/E)
21.29 24.22 30.53 31.95 11.33 10.40 9.82 9.25 26.46 24.83 18.07
Dividend Yield
2.82% 2.68% 3.03% 2.85% 3.07% 3.09% 3.03% 3.29% 3.01% 3.39% 3.03%
Earnings Yield
4.70% 4.13% 3.28% 3.13% 8.82% 9.61% 10.19% 10.81% 3.78% 4.03% 5.53%
Enterprise Value to Invested Capital (EV/IC)
5.59 6.15 4.47 4.66 5.14 4.95 4.97 4.20 4.72 4.32 4.45
Enterprise Value to Revenue (EV/Rev)
5.25 5.65 5.28 5.81 5.23 4.37 4.50 4.25 4.61 4.07 4.56
Enterprise Value to EBITDA (EV/EBITDA)
16.19 17.30 21.41 22.13 20.16 16.87 14.39 14.12 16.65 15.41 12.20
Enterprise Value to EBIT (EV/EBIT)
22.51 23.60 34.03 35.10 32.25 25.54 19.90 19.59 23.79 22.43 15.61
Enterprise Value to NOPAT (EV/NOPAT)
24.98 26.78 23.42 24.94 22.65 19.83 21.10 19.98 22.52 20.61 23.59
Enterprise Value to Operating Cash Flow (EV/OCF)
18.80 21.32 19.98 22.83 19.67 16.33 16.61 14.92 16.07 14.89 16.45
Enterprise Value to Free Cash Flow (EV/FCFF)
24.01 23.03 118.03 1,280.64 31.87 21.89 11.93 15.10 40.53 39.65 130.11
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.43 0.52 0.75 0.60 0.42 0.43 0.48 0.58 0.51 0.51 0.67
Long-Term Debt to Equity
0.37 0.35 0.49 0.44 0.37 0.38 0.36 0.44 0.45 0.43 0.49
Financial Leverage
0.01 -0.01 0.16 0.11 0.03 0.02 0.20 0.22 0.15 0.13 0.14
Leverage Ratio
2.45 2.45 2.57 2.42 2.34 2.44 2.61 2.52 2.44 2.48 2.47
Compound Leverage Factor
2.49 2.53 2.60 2.46 2.42 2.55 2.77 2.58 2.51 2.57 2.49
Debt to Total Capital
30.04% 34.04% 42.74% 37.38% 29.58% 29.90% 32.45% 36.71% 33.76% 33.88% 40.08%
Short-Term Debt to Total Capital
4.15% 10.95% 14.53% 9.59% 3.83% 3.52% 8.25% 8.72% 4.21% 5.53% 10.66%
Long-Term Debt to Total Capital
25.89% 23.09% 28.22% 27.79% 25.76% 26.38% 24.20% 27.99% 29.54% 28.35% 29.42%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 1.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
69.96% 65.96% 57.26% 61.59% 70.42% 70.10% 67.55% 63.29% 66.24% 66.12% 59.92%
Debt to EBITDA
1.28 1.52 2.77 2.32 1.51 1.33 1.26 1.59 1.47 1.56 1.56
Net Debt to EBITDA
-0.08 0.66 1.08 0.87 0.32 0.29 0.28 0.61 0.64 0.52 0.40
Long-Term Debt to EBITDA
1.10 1.03 1.83 1.72 1.32 1.17 0.94 1.21 1.29 1.31 1.15
Debt to NOPAT
1.97 2.35 3.03 2.61 1.70 1.56 1.84 2.25 1.99 2.09 3.02
Net Debt to NOPAT
-0.13 1.03 1.18 0.98 0.36 0.34 0.41 0.87 0.86 0.69 0.78
Long-Term Debt to NOPAT
1.70 1.59 2.00 1.94 1.48 1.38 1.37 1.72 1.74 1.75 2.22
Altman Z-Score
4.13 3.78 3.15 3.65 4.40 4.16 4.10 3.73 3.94 3.74 4.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.82% 0.00% 0.00% 0.00% 0.85% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.43 0.99 1.07 1.12 1.21 1.16 1.17 1.07 1.03 1.11 1.26
Quick Ratio
1.10 0.65 0.68 0.84 0.86 0.82 0.84 0.77 0.70 0.78 0.96
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
5,068 5,128 -10,032 -12,164 -520 1,830 19,213 11,068 -3,909 -5,261 -9,158
Operating Cash Flow to CapEx
665.68% 391.65% 395.75% 399.05% 885.22% 535.63% 612.56% 918.92% 816.45% 447.63% 808.91%
Free Cash Flow to Firm to Interest Expense
99.37 28.97 -47.32 -56.06 -2.71 12.12 123.95 40.99 -20.25 -38.40 -44.89
Operating Cash Flow to Interest Expense
123.22 30.23 15.36 19.27 39.01 52.07 23.59 20.86 41.41 50.97 20.46
Operating Cash Flow Less CapEx to Interest Expense
104.71 22.51 11.48 14.44 34.60 42.35 19.74 18.59 36.34 39.58 17.93
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.44 0.43 0.41 0.41 0.45 0.48 0.47 0.46 0.51 0.51 0.49
Accounts Receivable Turnover
5.01 5.46 4.85 4.55 4.97 5.89 5.47 5.32 5.66 5.98 5.77
Inventory Turnover
2.10 2.38 1.99 1.83 1.98 2.48 2.18 2.14 2.28 2.33 2.36
Fixed Asset Turnover
4.22 4.33 3.99 3.85 4.13 4.50 4.30 4.29 4.46 4.40 4.41
Accounts Payable Turnover
2.43 2.35 2.46 2.20 2.45 2.72 2.92 2.78 3.14 2.76 3.20
Days Sales Outstanding (DSO)
72.80 66.90 75.26 80.14 73.39 61.96 66.69 68.66 64.45 61.06 63.26
Days Inventory Outstanding (DIO)
173.62 153.26 183.38 199.72 184.20 147.42 167.38 170.73 160.04 156.95 154.95
Days Payable Outstanding (DPO)
150.42 155.40 148.08 165.92 149.05 134.17 125.11 131.44 116.39 132.49 114.20
Cash Conversion Cycle (CCC)
96.00 64.75 110.56 113.94 108.54 75.21 108.95 107.95 108.11 85.52 104.01
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
72,547 73,419 91,468 93,506 77,638 75,179 77,434 87,554 85,612 83,602 91,580
Invested Capital Turnover
1.06 1.07 0.92 0.88 1.02 1.15 1.01 0.96 1.07 1.12 1.06
Increase / (Decrease) in Invested Capital
-652 -2,747 13,999 17,120 5,091 1,760 -14,034 -5,952 7,974 8,423 14,146
Enterprise Value (EV)
405,711 451,852 409,079 435,442 398,784 372,143 385,168 367,776 403,983 361,338 407,622
Market Capitalization
407,763 434,491 388,480 417,085 392,374 365,738 377,754 351,760 388,529 349,226 394,151
Book Value per Share
$28.37 $29.38 $27.21 $28.92 $27.41 $28.57 $29.08 $29.72 $29.14 $29.69 $32.44
Tangible Book Value per Share
$0.33 $0.87 ($8.51) ($6.36) $0.03 ($0.81) ($0.37) ($5.17) ($5.87) ($4.29) ($1.29)
Total Capital
106,626 116,446 123,776 122,011 101,149 98,106 103,652 113,029 105,909 108,124 130,361
Total Debt
32,027 39,642 52,907 45,602 29,921 29,332 33,632 41,491 35,751 36,634 52,252
Total Long-Term Debt
27,603 26,886 34,928 33,901 26,051 25,881 25,082 31,636 31,289 30,651 38,355
Net Debt
-2,052 17,361 20,599 17,097 6,410 6,405 7,414 16,016 15,454 12,112 13,471
Capital Expenditures (CapEx)
944 1,366 823 1,048 846 1,468 597 613 979 1,560 516
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-9,962 -10,033 -10,314 -10,407 -10,308 -12,263 -9,391 -11,736 -14,345 -12,967 -10,236
Debt-free Net Working Capital (DFNWC)
24,117 12,248 21,994 18,098 13,203 10,664 16,827 13,739 5,952 11,555 28,545
Net Working Capital (NWC)
19,693 -508 4,015 6,397 9,333 7,213 8,277 3,884 1,490 5,572 14,648
Net Nonoperating Expense (NNE)
-42 -1,139 4,035 -188 -21,457 -459 1,924 430 1,371 -269 -6,011
Net Nonoperating Obligations (NNO)
-2,052 -3,385 20,599 17,097 6,410 6,405 7,414 16,016 15,454 12,112 13,471
Total Depreciation and Amortization (D&A)
1,685 1,772 1,880 1,934 1,829 1,843 1,815 1,782 1,846 1,896 1,772
Debt-free, Cash-free Net Working Capital to Revenue
-12.90% -12.54% -13.32% -13.88% -13.51% -14.40% -10.96% -13.56% -16.36% -14.60% -11.46%
Debt-free Net Working Capital to Revenue
31.24% 15.31% 28.39% 24.14% 17.30% 12.52% 19.65% 15.87% 6.79% 13.01% 31.95%
Net Working Capital to Revenue
25.51% -0.64% 5.18% 8.53% 12.23% 8.47% 9.66% 4.49% 1.70% 6.27% 16.40%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.70 $1.34 ($0.03) $1.98 $10.32 $1.61 $1.35 $1.95 $1.12 $1.42 $4.57
Adjusted Weighted Average Basic Shares Outstanding
2.63B 2.63B 2.61B 2.60B 2.52B 2.53B 2.41B 2.41B 2.41B 2.41B 2.41B
Adjusted Diluted Earnings per Share
$1.68 $1.32 ($0.03) $1.96 $10.21 $1.58 $1.34 $1.93 $1.11 $1.41 $4.54
Adjusted Weighted Average Diluted Shares Outstanding
2.66B 2.66B 2.61B 2.63B 2.55B 2.56B 2.43B 2.42B 2.43B 2.43B 2.42B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
2.61B 2.60B 2.60B 2.60B 2.41B 2.41B 2.41B 2.41B 2.41B 2.41B 2.41B
Normalized Net Operating Profit after Tax (NOPAT)
4,470 2,427 4,058 5,079 4,701 3,638 5,322 5,106 4,098 3,199 5,002
Normalized NOPAT Margin
22.35% 19.34% 19.42% 23.60% 22.02% 17.00% 24.89% 22.75% 18.24% 14.20% 22.85%
Pre Tax Income Margin
25.87% 19.80% -6.16% 29.30% 24.43% 22.56% 17.37% 25.61% 14.85% 17.26% 62.26%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
99.47 13.60 -6.00 28.56 26.22 30.56 22.61 20.83 16.78 27.32 66.19
NOPAT to Interest Expense
86.59 13.45 18.71 22.84 23.81 23.78 33.41 18.95 21.06 23.08 24.45
EBIT Less CapEx to Interest Expense
80.96 5.89 -9.89 23.73 21.82 20.83 18.76 18.56 11.71 15.93 63.66
NOPAT Less CapEx to Interest Expense
68.08 5.73 14.83 18.01 19.40 14.05 29.56 16.68 15.99 11.69 21.92
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
60.13% 65.11% 93.03% 91.60% 34.25% 33.48% 30.40% 30.49% 79.71% 84.05% 54.76%
Augmented Payout Ratio
89.94% 98.75% 155.86% 148.31% 52.04% 47.86% 38.18% 37.71% 95.82% 101.34% 68.90%

Frequently Asked Questions About Johnson & Johnson's Financials

When does Johnson & Johnson's financial year end?

According to the most recent income statement we have on file, Johnson & Johnson's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has Johnson & Johnson's net income changed over the last 9 years?

Johnson & Johnson's net income appears to be on an upward trend, with a most recent value of $14.07 billion in 2024, falling from $15.41 billion in 2015. The previous period was $35.15 billion in 2023. Check out Johnson & Johnson's forecast to explore projected trends and price targets.

What is Johnson & Johnson's operating income?
Johnson & Johnson's total operating income in 2024 was $20.80 billion, based on the following breakdown:
  • Total Gross Profit: $61.35 billion
  • Total Operating Expenses: $40.55 billion
How has Johnson & Johnson revenue changed over the last 9 years?

Over the last 9 years, Johnson & Johnson's total revenue changed from $70.07 billion in 2015 to $88.82 billion in 2024, a change of 26.8%.

How much debt does Johnson & Johnson have?

Johnson & Johnson's total liabilities were at $108.61 billion at the end of 2024, a 10.0% increase from 2023, and a 74.4% increase since 2015.

How much cash does Johnson & Johnson have?

In the past 9 years, Johnson & Johnson's cash and equivalents has ranged from $12.89 billion in 2022 to $24.11 billion in 2024, and is currently $24.11 billion as of their latest financial filing in 2024.

How has Johnson & Johnson's book value per share changed over the last 9 years?

Over the last 9 years, Johnson & Johnson's book value per share changed from 25.71 in 2015 to 29.69 in 2024, a change of 15.5%.



This page (NYSE:JNJ) was last updated on 5/7/2025 by MarketBeat.com Staff
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