Tearsheet

Johnson & Johnson (JNJ)


Market Price (9/18/2025): $177.1 | Market Cap: $426.2 Bil
Sector: Health Care | Industry: Pharmaceuticals

Johnson & Johnson (JNJ)


Market Price (9/18/2025): $177.1
Market Cap: $426.2 Bil
Sector: Health Care
Industry: Pharmaceuticals

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%
Trading close to highs
Dist 52W High is -0.9%, Dist 3Y High is -0.9%
 
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -43%
 
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 23 Bil, FCF LTM is 16 Bil
  
3 Low stock price volatility
Vol 12M is 19%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.7%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 23 Bil, FCF LTM is 16 Bil
3 Low stock price volatility
Vol 12M is 19%
4 Trading close to highs
Dist 52W High is -0.9%, Dist 3Y High is -0.9%
5 Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -43%

Market Valuation

 9/18/252024202320222021
Share Price CYE$177.10$141.22$148.35$162.27$153.12
Market Cap CYE ($ Bil)426.2339.9357.1426.4403.1
Total Debt ($ Bil)50.836.629.339.633.8
Total Cash ($ Bil)18.924.522.922.331.6
Enterprise Value ($ Bil)458.0376.5386.4466.0436.9
Valuation Ratios     
P/S TTM4.73.94.75.85.7
P/EBIT TTM15.120.025.123.623.3
P/E TTM18.824.811.325.921.6
Sector Ratios     
P/S TTM (Sector)3.83.64.14.57.3
P/EBIT TTM (Sector)-1.6-1.3-1.4-1.3-2.9
P/E TTM (Sector)-1.8-1.5-1.5-1.3-2.9
 9/18/2520242023
Share Price CYE$177.10$141.22$148.35
Market Cap CYE ($ Bil)426.2339.9357.1
Total Debt ($ Bil)50.836.629.3
Total Cash ($ Bil)18.924.522.9
Enterprise Value ($ Bil)458.0376.5386.4
Valuation Ratios   
P/S TTM4.73.94.7
P/EBIT TTM15.120.025.1
P/E TTM18.824.811.3
Sector Ratios   
P/S TTM (Sector)3.83.64.1
P/EBIT TTM (Sector)-1.6-1.3-1.4
P/E TTM (Sector)-1.8-1.5-1.5

Business Description

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the healthcare field worldwide. The company's Consumer Health segment offers baby care products under the JOHNSON'S and AVEENO Baby brands; oral care products under the LISTERINE brand; skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR. CI:LABO, NEUTROGENA, and OGX brands; TYLENOL acetaminophen products; SUDAFED cold, flu, and allergy products; BENADRYL and ZYRTEC allergy products; MOTRIN IB ibuprofen products; NICORETTE smoking cessation products; and PEPCID acid reflux products. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
JNJ Return11%11%6%-9%-5%25%44%
Peers Return10%34%23%-1%12%-2%97%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: LLY, ABBV, MRK, PFE, BMY. See JNJ Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

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Financials

JNJLLYABBVMRKPFEBMYMedian
NameJohnson .Eli LillyAbbVie Merck Pfizer Bristol-. 
Mkt Price177.20760.13220.8181.1424.0546.15129.17
Mkt Cap426.4682.5390.4203.7136.793.7297.0
Rev LTM90,62753,25858,32863,61663,83347,63660,972
Op Inc LTM22,22822,88213,69519,82116,6637,87018,242
FCF LTM16,397-5018,23914,72212,43813,08613,904
FCF 3Y Avg16,926-15620,27312,8999,30412,22512,562
CFO LTM23,02810,93819,28318,53415,18814,31016,861
CFO 3Y Avg22,2487,23021,15416,76612,58413,41915,093

Growth & Margins

JNJLLYABBVMRKPFEBMYMedian
NameJohnson .Eli LillyAbbVie Merck Pfizer Bristol-. 
Rev Chg LTM4.7%36.8%6.1%1.8%13.5%4.6%5.4%
Rev Chg 3Y Avg4.0%23.4%0.6%3.7%-12.4%0.5%2.1%
Rev Chg Q5.8%37.6%6.6%-1.9%10.3%-5.6%6.2%
QoQ Delta Rev Chg LTM1.5%8.7%1.7%-0.5%2.2%-1.4%1.6%
Op Mgn LTM24.5%43.0%23.5%31.2%26.1%16.5%25.3%
Op Mgn 3Y Avg26.3%35.6%27.2%22.6%20.2%17.3%24.4%
QoQ Delta Op Mgn LTM-0.2%1.8%1.0%-0.8%1.8%4.3%1.4%
CFO/Rev LTM25.4%20.5%33.1%29.1%23.8%30.0%27.3%
CFO/Rev 3Y Avg25.7%17.8%37.5%27.2%18.8%28.9%26.5%
FCF/Rev LTM18.1%-0.1%31.3%23.1%19.5%27.5%21.3%
FCF/Rev 3Y Avg19.6%0.5%36.0%20.9%13.8%26.4%20.2%

Valuation

JNJLLYABBVMRKPFEBMYMedian
NameJohnson .Eli LillyAbbVie Merck Pfizer Bristol-. 
Mkt Cap426.4682.5390.4203.7136.793.7297.0
P/S4.712.86.73.22.12.04.0
P/EBIT15.138.466.310.010.211.513.3
P/E18.849.5103.712.412.717.318.1
P/CFO18.562.420.211.09.06.614.8
Total Yield8.1%2.8%3.9%12.0%13.2%11.0%9.6%
Dividend Yield2.8%0.7%2.9%3.9%5.3%5.2%3.4%
FCF Yield 3Y Avg4.5%0.1%7.3%5.1%5.7%12.4%5.4%
D/E0.10.10.20.20.40.50.2
Net D/E0.10.10.20.10.30.40.1

Returns

JNJLLYABBVMRKPFEBMYMedian
NameJohnson .Eli LillyAbbVie Merck Pfizer Bristol-. 
1M Rtn1.3%8.9%6.9%-2.7%-4.1%-4.2%-0.7%
3M Rtn18.4%-3.0%20.1%3.3%2.4%-1.5%2.9%
6M Rtn10.5%-8.8%5.9%-12.0%-4.9%-22.4%-6.8%
12M Rtn9.5%-15.5%18.2%-28.9%-13.7%-3.6%-8.7%
3Y Rtn15.8%152.3%71.6%1.2%-38.4%-27.7%8.5%
1M Excs Rtn-1.1%6.5%4.5%-5.0%-6.4%-6.6%-3.1%
3M Excs Rtn6.8%-14.0%9.8%-5.6%-8.4%-12.6%-7.0%
6M Excs Rtn-7.9%-24.7%-12.4%-30.2%-22.8%-39.7%-23.8%
12M Excs Rtn-6.8%-34.4%0.4%-44.2%-29.4%-20.2%-24.8%
3Y Excs Rtn-43.4%86.7%13.2%-59.1%-101.2%-89.1%-51.2%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Innovative Medicine54,75952,56351,68045,57242,198
MedTech30,40027,42727,06022,95925,963
Consumer Health   14,05313,898
Total85,15979,99078,74082,58482,059


Assets by Segment
$ Mil20242023202220212020
MedTech74,710  49,57849,462
Innovative Medicine58,324  66,15856,292
General corporate34,524  31,80325,356
Consumer Health   27,35526,618
Total167,558  174,894157,728


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity18,836,072
Short Interest: % Change Since 81520251.7%
Average Daily Volume8,066,488
Days-to-Cover Short Interest2.34
Basic Shares Quantity2,406,300,000
Short % of Basic Shares0.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/16/20256.2%8.2%12.4%
4/15/2025-0.5%2.2%-5.2%
1/22/2025-1.9%1.5%8.6%
10/15/20241.5%0.8%-5.5%
7/17/20243.7%0.9%4.9%
4/16/2024-2.1%1.0%2.6%
1/23/2024-1.6%-1.9%-1.6%
10/17/2023-0.9%-3.9%-6.3%
...
SUMMARY STATS   
# Positive141612
# Negative10812
Median Positive2.5%2.3%4.9%
Median Negative-1.5%-2.0%-3.1%
Max Positive6.2%8.8%12.4%
Max Negative-2.8%-5.0%-6.3%

SEC Filings

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Report DateFiling DateFiling
6302025724202510-Q 6/29/2025
3312025423202510-Q 3/30/2025
12312024213202510-K 12/29/2024
93020241023202410-Q 9/29/2024
6302024725202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023216202410-K 12/31/2023
93020231027202310-Q 10/1/2023
6302023731202310-Q 7/2/2023
3312023428202310-Q 4/2/2023
12312022216202310-K 1/1/2023
93020221027202210-Q 10/2/2022
6302022729202210-Q 7/3/2022
3312022429202210-Q 4/3/2022
12312021217202210-K 1/2/2022
93020211029202110-Q 10/3/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0REED JOHN CEVP, Innovative Medicine, R&D7182025Sell163.5519,1373,129,8301,743,101Form
1WEINBERGER MARK A 12122024Buy147.221,000147,220147,220Form