Johnson & Johnson (JNJ) FY2024 results: revenue $88.8 billion, up 4.3% on the year
Johnson & Johnson (JNJ) reported revenue of $88.8 billion for fiscal 2024, the year ended 29 December 2024, up 4.3% on the year before. Net income was $14.1 billion, down 60.0%, and diluted earnings per share $5.79. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$88.8 billion
+4.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$14.1 billion
-60.0% on the year
FY2017FY2024
Diluted EPS
$5.79
-57.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
24,266
22,791
21,194
+6.5%
Capital expenditure
4,424
4,543
4,009
-2.6%
Free cash flow
19,842
18,248
17,185
+8.7%
Free cash flow margin
22.3%
21.4%
21.5%
Cash from investing
-18,599
878
-12,371
Cash from financing
-3,132
-15,825
-8,871
Depreciation and amortisation
7,339
7,486
6,970
-2.0%
Share-based compensation
1,176
1,162
1,138
+1.2%
Buybacks
2,432
5,054
6,035
-51.9%
Dividends paid
11,823
11,770
11,682
+0.5%
Dividend per share
$4.91
$4.70
$4.45
+4.5%
Diluted shares, weighted
2,429m
2,560m
2,664m
-5.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
71,490
68,774
76,804
+3.9%
Non-controlling interest
n/a
n/a
0.0
Debt
36,634
29,332
39,642
+24.9%
Other liabilities
71,980
69,452
70,932
+3.6%
Total liabilities and equity
180,104
167,558
187,378
+7.5%
Fixed assets
20,518
19,898
17,982
+3.1%
Goodwill
44,200
36,558
36,047
+20.9%
Intangible assets
37,618
34,175
38,489
+10.1%
Investments
417
1,068
9,392
-61.0%
Cash and equivalents
24,105
21,859
12,889
+10.3%
Receivables
14,842
14,873
14,039
-0.2%
Inventory
12,444
11,181
10,268
+11.3%
Other assets
25,960
27,946
48,272
-7.1%
Total assets
180,104
167,558
187,378
+7.5%
10-K for the year ended 29 December 2024, filed 13 February 2025: the filing.