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Stocks / United States / JNJ · Pharmaceutical Preparations · NYSE

Johnson & Johnson (JNJ)

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Johnson & Johnson (JNJ) reported revenue of $25.3 billion for Q2 FY2026, the quarter ended 28 June 2026, up 6.6% on the same quarter a year earlier. Net income was $5.5 billion, down 0.1% on the year, and diluted earnings per share $2.27. The figures are the company's own, from the 10-Q it filed with the SEC on 23 July 2026.

Revenue$25.3 billionup 6.6%
Net income$5.5 billiondown 0.1%
Diluted EPS$2.27
QuarterQ2 FY2026ended 28 June 2026

Ratios

From the filings

ROE24.8%
ROCEn/a
Operating marginn/a
Net margin21.5%
FCF margin22.7%
Interest covern/a
Debt to equity0.44
Cash conversion1.31
Share count, 1 year0.1%
Sales CAGR, 3 years5.6%
Profit CAGR, 3 years14.3%
EPS, TTM$8.61

At the close of 21 September 2026

Price$269.47
Market cap$649.4 billion
Stock P/E31.30
Price to book7.64
EV / EBITDAn/a
Dividend yield1.9%
Market cap / sales6.63
52-week high$278.43
52-week low$174.21
Price, 1 year52.9%
Price CAGR, 3 years18.9%
Price CAGR, 5 years10.5%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Johnson & Johnson files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on JNJ

Filings19 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 regulation fd disclosure; 2 other events; 1 officer or director change; 1 shareholder vote
Planned insider sales18 Form 144 notices in twelve months, $156.1 million; latest 2 September 2026
Options tapeput/call 1.05 by open interest on 23 September 2026; the straddle prices a 1.9% move to 25 September 2026
Holders13 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading28 sales and 1 purchase on Form 4 in twelve months
Congress8 House trades disclosed in six months
Short interest21.7 million shares short, 3.31 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue21,35121,39521,38322,44722,47122,52021,89323,74323,99324,56424,06225,310
Cost of revenue6,6063,3406,5116,8696,9637,1287,3577,6287,3037,9688,1068,051
Gross profit14,74514,59714,87215,57815,50815,39214,53616,11516,69016,59615,95617,259
Gross margin69%68%70%69%69%68%66%68%70%68%66%68%
R&D3,4474,2463,5423,4404,9525,2983,2253,5163,6724,2523,5273,653
SG&A5,4003,3095,2575,6815,4786,4535,1125,8895,9226,7536,0346,432
Interest expense19219.0155270193137204308245214272281
Pre-tax income5,2174,8263,7145,7483,3383,88713,6316,4917,4934,9665,9906,747
Tax rate17%-3%12%18%19%12%19%15%31%-3%13%18%
Net income26,0284,0493,2554,6862,6943,43110,9995,5375,1525,1165,2355,534
Net margin122%19%15%21%12%15%50%23%21%21%22%22%
Diluted EPS$10.21$1.67$1.34$1.93$1.11$1.41$4.54$2.29$2.12$2.08$2.14$2.27
Operating cash flow7,4897,8633,6575,6337,9936,9834,1743,8789,1697,3092,5148,616
Capital expenditure9671,5898079761,0291,6127951,0431,1571,8371,0491,321
Free cash flow6,5226,2742,8504,6576,9645,3713,3792,8358,0125,4721,4657,295
Buybacks9202161,4751365392822,1270.01,9021,9244,028221
Shares outstanding2,407m2,409m2,407m2,407m2,408m2,408m2,406m2,408m2,409m2,410m2,407m2,410m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 10 fiscal years and the trailing twelve months

FY2016 FY2017 FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Revenue71,89076,45081,58182,05982,58478,74079,99085,15988,82194,19397,929
Cost of revenue21,78925,43927,09127,55628,42723,40224,59626,55327,47130,25631,428
Gross profit50,10151,09654,49054,50354,15755,33855,39458,60661,35063,93766,501
Gross margin69.7%66.8%66.8%66.4%65.6%70.3%69.3%68.8%69.1%67.9%67.9%
Research and development9,14310,59410,77511,35512,1590.00.04831,84110915,104
Selling, general and administrative20,06721,52022,54022,17822,08420,11820,24621,51222,86923,67625,141
Interest expense7269341,0053182011832767727559711,012
Pre-tax income19,80317,67317,99917,32816,49719,17819,35915,06216,68732,58125,196
Income tax3,26316,3732,7022,2091,7831,3772,9891,7362,6215,7774,159
Effective tax rate16.5%92.6%15.0%12.7%10.8%7.2%15.4%11.5%15.7%17.7%16.5%
Net income16,5401,30015,29715,11914,71420,87817,94135,15314,06626,80421,037
Net margin23.0%1.7%18.8%18.4%17.8%26.5%22.4%41.3%15.8%28.5%21.5%
Diluted EPS$5.93$0.47$5.61$5.63$5.51$7.81$6.73$13.72$5.79$11.03$8.61
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2016 FY2017 FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Operating cash flow18,76721,05622,20123,41623,53623,41021,19422,79124,26624,53027,608
Capital expenditure3,2263,2793,6703,4983,3473,6524,0094,5434,4244,8325,364
Free cash flow15,54117,77718,53119,91820,18919,75817,18518,24819,84219,69822,244
Free cash flow margin21.6%23.3%22.7%24.3%24.4%25.1%21.5%21.4%22.3%20.9%22.7%
Depreciation and amortisation3,7545,6426,9297,0097,2317,3906,9707,4867,3397,5037,751
Share-based compensation8789629789771,0051,1351,1381,1621,1761,3541,414
Buybacks8,9796,3585,8686,7463,2213,4566,0355,0542,4325,9538,075
Dividend per share$3.15$3.32$3.54$3.75$3.98$4.19$4.45$4.70$4.91$5.14n/a
Diluted shares, weighted2,789m2,745m2,729m2,684m2,671m2,674m2,664m2,560m2,429m2,429m2,440m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a2,410m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 FY2017 FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Total assets141,208157,303152,954157,728174,894182,018187,378167,558180,104199,210201,061
Cash and equivalents18,97217,82418,10717,30513,98514,48712,88921,85924,10519,70920,422
Receivables11,69913,49014,09814,48113,57615,28314,03914,87314,84217,17819,046
Inventory8,1448,7658,5999,0209,34410,38710,26811,18112,44414,19115,144
Goodwill22,80531,90630,45333,63936,39325,43636,04736,55844,20048,77248,479
Long-term debt22,44230,67527,68426,49434,43432,11628,43927,35032,40041,43837,344
Operating lease liabilitiesn/an/an/a716n/an/an/an/an/an/an/a
Shareholders' equity70,41860,16059,75259,47163,27874,02376,80468,77471,49081,54484,971
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a2.7%5.6%8.1%
Profit growth, compoundedn/a12.7%14.3%-7.2%
Return on equity, average25.5%31.0%34.6%32.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Pharmaceutical Preparations

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Eli Lilly & Co. LLY$1.10 trillion39.0978.8%n/a49.6%1.410.5%
Johnson & Johnson JNJ$649.4 billion31.3024.8%n/a8.1%0.441.9%
ABBVIE Inc. ABBV$467.4 billion74.71n/a26.2%10.4%n/a2.6%
Merck & Co., Inc. MRK$368.8 billion119.607.6%n/a4.6%1.292.2%
Abbott Laboratories ABT$179.4 billion28.8512.1%17.1%6.6%0.572.3%
Pfizer Inc. PFE$158.1 billion36.505.1%n/a-0.2%0.716.2%
Vertex Pharmaceuticals Inc. / MA VRTX$129.4 billion29.7421.8%38.0%10.2%0.00n/a
Bristol-Myers Squibb Co. BMY$127.9 billion13.7641.6%24.2%3.1%1.924.0%
Regeneron Pharmaceuticals, Inc. REGN$84.6 billion19.7713.7%24.7%9.3%0.060.5%
Zoetis Inc. ZTS$29.5 billion11.7583.1%n/a1.4%2.872.8%
Viatris Inc. VTRS$19.6 billionn/a-2.9%-0.6%4.4%0.812.8%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q28 June 202623 July 2026EDGAR
10-Q29 March 202622 April 2026EDGAR
10-K28 December 202511 February 2026EDGAR
10-Q28 September 202522 October 2025EDGAR
10-Q29 June 202524 July 2025EDGAR
10-Q30 March 202523 April 2025EDGAR
10-K29 December 202413 February 2025EDGAR
10-Q29 September 202423 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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