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Johnson & Johnson (JNJ) Financials

Johnson & Johnson logo
$153.25 +0.31 (+0.20%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$153.36 +0.11 (+0.07%)
As of 04:30 AM 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/29/2024 12/31/2023 1/1/2023 1/2/2022 1/3/2021 12/29/2019 12/30/2018 12/31/2017 1/1/2017 1/3/2016
Net Income / (Loss) Attributable to Common Shareholders
14,066 35,153 17,941 20,878 14,714 15,119 15,297 1,300 16,540 15,409
Consolidated Net Income / (Loss)
14,066 35,153 17,941 20,878 14,714 15,119 15,297 1,300 16,540 15,409
Net Income / (Loss) Continuing Operations
14,066 13,326 16,370 17,801 14,714 15,119 15,297 1,300 16,540 15,409
Total Pre-Tax Income
16,687 15,062 19,359 19,178 16,497 17,328 17,999 17,673 19,803 19,196
Total Operating Income
20,804 21,207 19,955 19,834 19,486 19,814 19,798 18,180 20,371 17,556
Total Gross Profit
61,350 58,606 55,394 55,338 54,157 54,503 54,490 51,011 50,101 48,538
Total Revenue
88,821 85,159 79,990 78,740 82,584 82,059 81,581 76,450 71,890 70,074
Operating Revenue
88,821 85,159 79,990 78,740 82,584 82,059 81,581 76,450 71,890 70,074
Total Cost of Revenue
27,471 26,553 24,596 23,402 28,427 27,556 27,091 25,439 21,789 21,536
Operating Cost of Revenue
27,471 26,553 24,596 23,402 28,427 27,556 27,091 25,439 21,789 21,536
Total Operating Expenses
40,546 37,399 35,439 35,504 34,671 34,689 34,692 32,831 29,730 30,982
Selling, General & Admin Expense
22,869 21,512 20,246 20,118 22,084 22,178 22,540 21,520 20,067 21,203
Research & Development Expense
17,443 15,398 14,918 15,177 12,340 12,245 11,901 11,002 9,172 9,270
Restructuring Charge
234 489 275 209 247 266 251 309 491 509
Total Other Income / (Expense), net
-4,117 -6,145 -596 -656 -2,989 -2,486 -1,799 -507 -568 1,640
Interest Expense
755 772 276 183 201 318 1,005 934 726 552
Interest & Investment Income
1,332 1,261 490 53 111 357 611 385 368 128
Other Income / (Expense), net
-4,694 -6,634 -810 -526 -2,899 -2,525 -1,405 42 -210 2,064
Income Tax Expense
2,621 1,736 2,989 1,377 1,783 2,209 2,702 16,373 3,263 3,787
Net Income / (Loss) Discontinued Operations
0.00 21,827 1,571 3,077 - - - - - -
Basic Earnings per Share
$5.84 $13.88 $6.83 $7.93 $5.59 $5.72 $5.70 $0.48 $6.04 $5.56
Weighted Average Basic Shares Outstanding
2.41B 2.53B 2.63B 2.63B 2.63B 2.65B 2.68B 2.69B 2.74B 2.77B
Diluted Earnings per Share
$5.79 $13.72 $6.73 $7.81 $5.51 $5.63 $5.61 $0.47 $5.93 $5.48
Weighted Average Diluted Shares Outstanding
2.43B 2.56B 2.66B 2.67B 2.67B 2.68B 2.73B 2.75B 2.79B 2.81B
Weighted Average Basic & Diluted Shares Outstanding
2.41B 2.41B 2.60B 2.63B 2.63B 2.63B 2.68B 2.71B 2.74B 2.77B
Cash Dividends to Common per Share
$4.91 $4.70 $4.45 $4.19 $3.98 $3.75 $3.54 $3.32 $3.15 $2.95

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

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

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

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

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

Annual Metrics And Ratios for Johnson & Johnson

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

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

Quarterly Metrics And Ratios for Johnson & Johnson

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

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

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. See where experts think Johnson & Johnson is headed by visiting Johnson & Johnson's forecast page.

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 5/28/2025 by MarketBeat.com Staff
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