
Johnson Johnson
Johnson Johnson JNJ operates globally engaging in the research development production and distribution of a diverse range of healthcare products In a pivotal strategic move in 2023 the company divested its Consumer Health division establishing it as the independent entity Kenvue Inc This separation was implemented to allow JJ to sharpen its focus on highergrowth innovationled areas Consequently wellknown consumer brands like TYLENOL LISTERINE and BANDAID are now part of Kenvues portfolio Johnson Johnsons current operations are centered around two primary divisions Innovative Medicine and MedTech The Innovative Medicine segment formerly known as Pharmaceuticals specializes in prescription drugs designed to treat complex ailments such as rheumatoid arthritis various forms of cancer HIVAIDS and neurodegenerative disorders Its MedTech division encompassing Medical Devices delivers cuttingedge technological solutions including electrophysiology equipment neurovascular care products orthopaedic implants for hips knees and spine advanced surgical technologies and ACUVUE brand disposable contact lenses These two streamlined segments primarily cater to a client base comprising hospitals medical professionals wholesale distributors and retail outlets From its headquarters in New Brunswick New Jersey Johnson Johnson continues to uphold its enduring mission of advancing human health a commitment it has maintained since its founding in 1886
| Metrics | 2025 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue & Profitability | |||||
| Total Revenue | 94.19B | 94.19B | 88.82B | 85.16B | 94.94B |
| Cost of Revenue | 25.64B | 25.64B | 27.47B | 26.55B | 31.09B |
| Gross Profit | 68.56B | 68.56B | 61.35B | 58.61B | 63.85B |
| Gross Margin % | 72.78% | 72.78% | 69.07% | 68.82% | 67.26% |
| Operating Expenses | |||||
| R&D Expenses | 14.67B | 14.67B | 17.23B | 15.09B | 15.39B |
| SG&A Expenses | 23.68B | 23.68B | 21.97B | 20.11B | 24.77B |
| Other Operating Expenses | 4.62B | 4.62B | N/A | N/A | -1.87B |
| Total Operating Expenses | 42.96B | 42.96B | 39.20B | 35.20B | 40.15B |
| Operating Performance | |||||
| Operating Income | 25.60B | 25.60B | 22.15B | 23.41B | 23.92B |
| Operating Margin % | 27.17% | 27.17% | 24.94% | 27.49% | 25.19% |
| EBITDA | 32.58B | 41.06B | 24.78B | 23.32B | 24.02B |
| EBITDA Margin % | 34.59% | 43.59% | 27.90% | 27.38% | 25.30% |
| Net Results | |||||
| Interest Expense | N/A | 971.00M | 755.00M | 772.00M | 276.00M |
| Other Income/Expenses Net | 6.99B | 6.99B | -5.46B | -8.35B | -2.19B |
| Income Before Tax | 32.58B | 32.58B | 16.69B | 15.06B | 21.73B |
| Income Tax Expense | 5.78B | 5.78B | 2.62B | 1.74B | 3.78B |
| Net Income | 26.80B | 26.80B | 14.07B | 35.15B | 17.94B |
| Net Margin % | 28.46% | 28.46% | 15.84% | 41.28% | 18.90% |
| Per Share Metrics | |||||
| EPS | N/A | 11.03 | 5.84 | 13.88 | 6.83 |
| Diluted EPS | 11.03 | 11.03 | 5.79 | 13.72 | 6.73 |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2022 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 19.71B | 24.11B | 21.86B | 14.13B | 14.13B |
| Short Term Investments | 393.00M | 417.00M | 1.07B | 9.39B | 9.39B |
| Net Receivables | 17.18B | 18.93B | 19.39B | 16.16B | 19.29B |
| Inventory | 14.19B | 12.44B | 11.18B | 12.48B | 12.48B |
| Other Current Assets | 4.15B | N/A | N/A | 3.13B | N/A |
| Total Current Assets | 55.62B | 55.89B | 53.50B | 55.29B | 55.29B |
| Non-Current Assets | |||||
| Property, Plant & Equipment (Net) | 23.17B | 20.52B | 19.90B | 19.80B | 19.80B |
| Long Term Investments | N/A | N/A | 9.07B | 576.00M | N/A |
| Tax Assets | 6.87B | 10.46B | 9.28B | 9.12B | 9.12B |
| Other Non-Current Assets | 14.37B | 11.41B | 5.08B | 9.03B | 9.60B |
| Total Non-Current Assets | 143.59B | 124.21B | 114.06B | 132.08B | 132.08B |
| Total Assets | |||||
| Total Assets | 199.21B | 180.10B | 167.56B | 187.38B | 187.38B |
| Current Liabilities | |||||
| Accounts Payable | 11.99B | 10.31B | 9.63B | 11.70B | 11.70B |
| Short Term Debt | 8.50B | 5.98B | 3.45B | 12.77B | 12.77B |
| Tax Payables | N/A | 3.77B | 2.99B | 2.13B | 2.13B |
| Deferred Revenue | N/A | N/A | 2.99B | N/A | N/A |
| Other Current Liabilities | 33.64B | 30.26B | 17.58B | 31.33B | 29.20B |
| Total Current Liabilities | 54.13B | 50.32B | 46.28B | 55.80B | 55.80B |
| Non-Current Liabilities | |||||
| Long Term Debt | 39.44B | 30.65B | 25.88B | 26.89B | 26.89B |
| Other Non-Current Liabilities | 17.31B | 25.19B | 23.43B | 21.51B | 21.51B |
| Total Non-Current Liabilities | 63.54B | 58.29B | 52.50B | 54.77B | 54.77B |
| Total Liabilities | |||||
| Total Liabilities | 117.67B | 108.61B | 98.78B | 110.57B | 110.57B |
| Shareholders Equity | |||||
| Common Stock | 3.12B | 3.12B | 3.12B | 3.12B | 3.12B |
| Retained Earnings | 168.98B | 155.79B | 153.84B | 128.35B | 128.35B |
| Accumulated Other Comprehensive Income/Loss | -14.93B | -11.74B | -12.53B | -12.97B | -12.97B |
| Total Shareholders Equity | 81.54B | 71.49B | 68.77B | 76.80B | 76.80B |
| Key Metrics | |||||
| Total Liabilities & Equity | 199.21B | 180.10B | 167.56B | 187.38B | 187.38B |
| Total Debt | 47.93B | 36.63B | 29.33B | 39.66B | 39.66B |
| Net Debt | 28.22B | 12.53B | 7.47B | 25.53B | 25.53B |
| Metrics | 2025 | 2024 | 2023 | 2022 | 2022 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 26.80B | 14.07B | 13.33B | 17.94B | 17.94B |
| Depreciation & Amortization | 7.50B | 7.34B | 7.49B | 6.97B | 6.97B |
| Stock Based Compensation | 1.35B | 1.18B | 1.16B | 1.14B | 1.14B |
| Change in Accounts Receivable | -1.78B | -406.00M | -624.00M | -1.29B | -1.29B |
| Change in Inventory | -1.45B | -1.13B | -1.32B | -2.53B | -2.53B |
| Change in Accounts Payable | 2.38B | 1.62B | 2.35B | 1.10B | N/A |
| Other Working Capital Changes | -11.86B | 1.75B | 2.11B | -1.29B | N/A |
| Total Working Capital Change | -12.72B | 1.84B | 2.51B | -4.01B | -4.01B |
| Other Non-Cash Items | 49.00M | 2.03B | 2.50B | 819.00M | 819.00M |
| Net Cash from Operations | 24.53B | 24.27B | 22.79B | 21.19B | 21.19B |
| Investing Activities | |||||
| Capital Expenditures | -4.83B | -4.42B | -4.54B | -4.01B | -4.01B |
| Purchase of Investments | -920.00M | -1.73B | -10.91B | -32.38B | -32.38B |
| Sale of Investments | 1.66B | 2.46B | 19.39B | 41.61B | 41.61B |
| Other Investing Activities | -1.96B | 235.00M | -3.42B | 65.00M | 65.00M |
| Net Cash from Investing | -23.59B | -18.60B | 878.00M | -12.37B | -12.37B |
| Financing Activities | |||||
| Debt Repayment | 9.64B | 10.05B | -10.78B | -8.68B | -8.68B |
| Stock Repurchases | -5.95B | -2.43B | -5.05B | -6.04B | -6.04B |
| Dividends Paid | -12.38B | -11.82B | -11.77B | -11.68B | -11.68B |
| Other Financing Activities | 3.16B | 1.07B | -1.60B | 16.20B | 17.53B |
| Net Cash from Financing | -5.54B | -3.13B | -15.83B | -8.87B | -8.87B |
| Cash Summary | |||||
| Net Change in Cash | -4.40B | 2.25B | 8.97B | -360.00M | -360.00M |
| Cash at Beginning of Period | 24.11B | 21.86B | 12.89B | 14.49B | 14.49B |
| Cash at End of Period | 19.71B | 24.11B | 21.86B | 14.13B | 14.13B |
| Operating Cash Flow | 24.53B | 24.27B | 22.79B | 21.19B | 21.19B |
| Capital Expenditure | -4.83B | -4.42B | -4.54B | -4.01B | -4.01B |
| Free Cash Flow | 19.70B | 19.84B | 18.25B | 17.19B | 17.19B |
| Year | Annual Total | Yield | Payments | YoY Change | YoY % | CAGR 5Y | CAGR 10Y |
|---|---|---|---|---|---|---|---|
| 2026 P | $2.6400 | 1.11% | 2 | N/A | N/A | N/A | N/A |
| 2025 | $5.1400 | 3.01% | 4 | +$0.2300 | +4.68% | 5.25% | 5.71% |
| 2024 | $4.9100 | 3.14% | 4 | +$0.2100 | +4.47% | 5.54% | 5.93% |
| 2023 | $4.7000 | 2.97% | 4 | +$0.2500 | +5.62% | 5.83% | 6.14% |
| 2022 | $4.4500 | 2.60% | 4 | +$0.2600 | +6.21% | 6.03% | 6.37% |
| 2021 | $4.1900 | 2.51% | 4 | +$0.2100 | +5.28% | 5.87% | 6.42% |
| 2020 | $3.9800 | 2.72% | 4 | +$0.2300 | +6.13% | 6.17% | 6.55% |
| 2019 | $3.7500 | 2.78% | 4 | +$0.2100 | +5.93% | 6.32% | 6.87% |
| 2018 | $3.5400 | 2.68% | 4 | +$0.2200 | +6.63% | 6.45% | 7.03% |
| 2017 | $3.3200 | 2.56% | 4 | +$0.1700 | +5.40% | 6.71% | 7.44% |
| 2016 | $3.1500 | 2.79% | 4 | +$0.2000 | +6.78% | 6.96% | 8.03% |
| 2015 | $2.9500 | 2.95% | 4 | +$0.1900 | +6.88% | 6.93% | 8.75% |
| 2014 | $2.7600 | 2.74% | 4 | +$0.1700 | +6.56% | 7.42% | 9.69% |
| 2013 | $2.5900 | 3.00% | 4 | +$0.1900 | +7.92% | 7.61% | 10.84% |
| 2012 | $2.4000 | 3.63% | 4 | +$0.1500 | +6.67% | 8.18% | 11.68% |
| 2011 | $2.2500 | 3.59% | 4 | +$0.1400 | +6.64% | 9.11% | 12.39% |
| 2010 | $2.1100 | 3.49% | 4 | +$0.1800 | +9.33% | 10.60% | 13.03% |
| 2009 | $1.9300 | 3.32% | 4 | +$0.1350 | +7.52% | 12.00% | 13.48% |
| 2008 | $1.7950 | 2.79% | 4 | +$0.1750 | +10.80% | 14.18% | 13.98% |
| 2007 | $1.6200 | 2.53% | 4 | +$0.1650 | +11.34% | 15.30% | 14.32% |
| 2006 | $1.4550 | 2.34% | 4 | +$0.1800 | +14.12% | 15.76% | 14.75% |
| 2005 | $1.2750 | 1.97% | 4 | +$0.1800 | +16.44% | 15.51% | 14.82% |
| 2004 | $1.0950 | 1.94% | 4 | +$0.1700 | +18.38% | 14.98% | 14.51% |
| 2003 | $0.9250 | 1.76% | 4 | +$0.1300 | +16.35% | 13.78% | 13.86% |
| 2002 | $0.7950 | 1.36% | 4 | +$0.0950 | +13.57% | 13.34% | 13.58% |
| 2001 | $0.7000 | 1.33% | 4 | +$0.0800 | +12.90% | 13.75% | 13.78% |
| 2000 | $0.6200 | 1.39% | 4 | +$0.0750 | +13.76% | 14.14% | 14.24% |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 24, 2026 | $1.3000 | 0.528% | $246.28 |
| May 26, 2026 | $1.3400 | 0.582% | $230.18 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 18, 2025 | $1.2400 | 0.800% | $154.99 |
| May 27, 2025 | $1.3000 | 0.848% | $153.25 |
| Aug 26, 2025 | $1.3000 | 0.737% | $176.49 |
| Nov 25, 2025 | $1.3000 | 0.629% | $206.67 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 16, 2024 | $1.1900 | 0.760% | $156.55 |
| May 20, 2024 | $1.2400 | 0.820% | $151.27 |
| Aug 27, 2024 | $1.2400 | 0.761% | $162.95 |
| Nov 26, 2024 | $1.2400 | 0.802% | $154.52 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 17, 2023 | $1.1300 | 0.705% | $160.39 |
| May 22, 2023 | $1.1900 | 0.759% | $156.87 |
| Aug 25, 2023 | $1.1900 | 0.716% | $166.25 |
| Nov 20, 2023 | $1.1900 | 0.794% | $149.91 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 18, 2022 | $1.0600 | 0.649% | $163.36 |
| May 23, 2022 | $1.1300 | 0.630% | $179.44 |
| Aug 22, 2022 | $1.1300 | 0.674% | $167.59 |
| Nov 21, 2022 | $1.1300 | 0.642% | $175.97 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 22, 2021 | $1.0100 | 0.624% | $161.87 |
| May 24, 2021 | $1.0600 | 0.622% | $170.55 |
| Aug 23, 2021 | $1.0600 | 0.597% | $177.61 |
| Nov 22, 2021 | $1.0600 | 0.664% | $159.70 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 24, 2020 | $0.9500 | 0.651% | $145.91 |
| May 22, 2020 | $1.0100 | 0.700% | $144.37 |
| Aug 24, 2020 | $1.0100 | 0.664% | $152.15 |
| Nov 23, 2020 | $1.0100 | 0.702% | $143.87 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 25, 2019 | $0.9000 | 0.661% | $136.20 |
| May 24, 2019 | $0.9500 | 0.684% | $138.85 |
| Aug 26, 2019 | $0.9500 | 0.743% | $127.80 |
| Nov 25, 2019 | $0.9500 | 0.693% | $137.18 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 26, 2018 | $0.8400 | 0.636% | $132.07 |
| May 25, 2018 | $0.9000 | 0.741% | $121.47 |
| Aug 27, 2018 | $0.9000 | 0.667% | $134.92 |
| Nov 26, 2018 | $0.9000 | 0.637% | $141.37 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 24, 2017 | $0.8000 | 0.652% | $122.73 |
| May 25, 2017 | $0.8400 | 0.659% | $127.53 |
| Aug 25, 2017 | $0.8400 | 0.638% | $131.68 |
| Nov 27, 2017 | $0.8400 | 0.608% | $138.10 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 19, 2016 | $0.7500 | 0.720% | $104.16 |
| May 20, 2016 | $0.8000 | 0.710% | $112.64 |
| Aug 19, 2016 | $0.8000 | 0.667% | $119.92 |
| Nov 18, 2016 | $0.8000 | 0.693% | $115.36 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 20, 2015 | $0.7000 | 0.698% | $100.26 |
| May 21, 2015 | $0.7500 | 0.732% | $102.42 |
| Aug 21, 2015 | $0.7500 | 0.785% | $95.56 |
| Nov 20, 2015 | $0.7500 | 0.732% | $102.48 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 21, 2014 | $0.6600 | 0.721% | $91.52 |
| May 22, 2014 | $0.7000 | 0.693% | $100.96 |
| Aug 22, 2014 | $0.7000 | 0.679% | $103.10 |
| Nov 21, 2014 | $0.7000 | 0.649% | $107.86 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 22, 2013 | $0.6100 | 0.800% | $76.25 |
| May 23, 2013 | $0.6600 | 0.757% | $87.21 |
| Aug 23, 2013 | $0.6600 | 0.747% | $88.41 |
| Nov 22, 2013 | $0.6600 | 0.693% | $95.25 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 24, 2012 | $0.5700 | 0.884% | $64.46 |
| May 24, 2012 | $0.6100 | 0.967% | $63.10 |
| Aug 24, 2012 | $0.6100 | 0.902% | $67.60 |
| Nov 23, 2012 | $0.6100 | 0.877% | $69.56 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 25, 2011 | $0.5400 | 0.905% | $59.64 |
| May 26, 2011 | $0.5700 | 0.870% | $65.51 |
| Aug 26, 2011 | $0.5700 | 0.887% | $64.28 |
| Nov 25, 2011 | $0.5700 | 0.930% | $61.27 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 19, 2010 | $0.4900 | 0.768% | $63.81 |
| May 27, 2010 | $0.5400 | 0.915% | $59.03 |
| Aug 27, 2010 | $0.5400 | 0.938% | $57.60 |
| Nov 26, 2010 | $0.5400 | 0.865% | $62.43 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 20, 2009 | $0.4600 | 0.842% | $54.65 |
| May 21, 2009 | $0.4900 | 0.891% | $54.99 |
| Aug 21, 2009 | $0.4900 | 0.803% | $61.03 |
| Nov 20, 2009 | $0.4900 | 0.786% | $62.31 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 22, 2008 | $0.4150 | 0.657% | $63.18 |
| May 22, 2008 | $0.4600 | 0.703% | $65.41 |
| Aug 22, 2008 | $0.4600 | 0.644% | $71.42 |
| Nov 21, 2008 | $0.4600 | 0.788% | $58.35 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 23, 2007 | $0.3750 | 0.585% | $64.15 |
| May 24, 2007 | $0.4150 | 0.654% | $63.48 |
| Aug 24, 2007 | $0.4150 | 0.671% | $61.88 |
| Nov 23, 2007 | $0.4150 | 0.621% | $66.88 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 24, 2006 | $0.3300 | 0.571% | $57.76 |
| May 25, 2006 | $0.3750 | 0.620% | $60.45 |
| Aug 25, 2006 | $0.3750 | 0.580% | $64.67 |
| Nov 24, 2006 | $0.3750 | 0.569% | $65.85 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 11, 2005 | $0.2850 | 0.428% | $66.60 |
| May 13, 2005 | $0.3300 | 0.492% | $67.10 |
| Aug 19, 2005 | $0.3300 | 0.519% | $63.57 |
| Nov 18, 2005 | $0.3300 | 0.528% | $62.55 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 12, 2004 | $0.2400 | 0.440% | $54.60 |
| May 14, 2004 | $0.2850 | 0.523% | $54.52 |
| Aug 13, 2004 | $0.2850 | 0.513% | $55.54 |
| Nov 12, 2004 | $0.2850 | 0.467% | $61.00 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 13, 2003 | $0.2050 | 0.400% | $51.31 |
| May 16, 2003 | $0.2400 | 0.428% | $56.04 |
| Aug 15, 2003 | $0.2400 | 0.470% | $51.05 |
| Nov 14, 2003 | $0.2400 | 0.460% | $52.12 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 14, 2002 | $0.1800 | 0.314% | $57.30 |
| May 17, 2002 | $0.2050 | 0.333% | $61.47 |
| Aug 16, 2002 | $0.2050 | 0.371% | $55.32 |
| Nov 15, 2002 | $0.2050 | 0.341% | $60.15 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 15, 2001 | $0.1600 | 0.340% | $47.10 |
| May 18, 2001 | $0.1800 | 0.356% | $50.50 |
| Aug 17, 2001 | $0.1800 | 0.335% | $53.75 |
| Nov 16, 2001 | $0.1800 | 0.300% | $59.92 |
| Date | Amount (Adj) | Yield | Price on Date |
|---|---|---|---|
| Feb 11, 2000 | $0.1400 | 0.362% | $38.72 |
| May 19, 2000 | $0.1600 | 0.361% | $44.38 |
| Aug 18, 2000 | $0.1600 | 0.332% | $48.22 |
| Nov 17, 2000 | $0.1600 | 0.336% | $47.56 |
Composite assessment of dividend quality across safety, sustainability, yield, and growth.
Payout ratios, balance sheet strength, and financial stability.
Earnings coverage, cash flow, and business resilience.
Current yield vs. market averages and historical trends.
Dividend growth history and future potential.