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NYSE · Healthcare

Johnson & Johnson (JNJ)

As-reported financials and SEC filings for Johnson & Johnson. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Johnson & Johnson

Johnson & Johnson is a global healthcare company that operates through two main segments: Innovative Medicine and MedTech. The Innovative Medicine segment develops and sells prescription medicines for various therapeutic areas including oncology, immunology, neuroscience, infectious diseases, and cardiovascular conditions. The MedTech segment designs and manufactures medical devices and products used in cardiovascular care, orthopaedics, surgery, and vision, serving healthcare professionals, hospitals, and eye care providers worldwide.

Snapshot

Revenue
$94.19B
Revenue growth (YoY)
6.0%
Net income
$26.80B
Diluted EPS
$11.03
Gross margin
67.9%
Operating margin
—
Net margin
28.5%
FCF margin
20.9%
ROE
32.9%
net income / fiscal-year-end equity
P/E
40.0×
trailing when available, otherwise FY EPS
Market cap
$635.07B
Long-term debt / equity
0.48×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Johnson & Johnson

  • Revenue grew 6.0% to $94.2B in FY2025, in line with the 4.3% the year before.
  • Most recent quarter Q3 FY2026: revenue $25.4B, up 5.9% from Q3 FY2025.
  • Free cash flow was $19.7B in FY2025, 20.9% of revenue.
  • Net income rose 90.6% to $26.8B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Johnson & Johnson’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin67.9%
53rd percentile of 69
Net margin28.5%
83rd percentile of 121
FCF margin20.9%
80th percentile of 110
Revenue growth (YoY)+6.0%
44th percentile of 188
ROE32.9%
90th percentile of 167
P/E40.0×
76th percentile of 50
Long-term debt / equity0.48×
49th percentile of 64
Short interest3.27d
23rd percentile of 197

Johnson & Johnson’s return on equity of 32.9% ranks in the 90th percentile of the 167 pharmaceutical companies reporting it.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $62.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+5 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
7
7 trimmed, 0 exited
Combined position
$2.16B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$738.5M2.9MReduced
Citadel AdvisorsquantQ2 2026$381.2M1.5MReduced
Yacktman Asset ManagementQ2 2026$320.0M1.3MAdded
D. E. ShawquantQ2 2026$174.5M687.2KReduced
Bridgewater AssociatesQ2 2026$169.9M669.1KReduced
Markel GroupQ2 2026$155.1M610.8KHeld
Millennium ManagementquantQ2 2026$150.9M594.1KAdded
Gotham Asset ManagementQ2 2026$50.9M200.5KReduced
Two Sigma InvestmentsquantQ2 2026$8.9M34.9KReduced
Soros Fund ManagementQ2 2026$8.6M34.0KReduced
Dodge & CoxQ2 2026$5.3M20.9KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
9
$62.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-02
filed 2026-09-04
Timothy SchmidEVP, WW Chair, MedTechSell22.5K$274.74$6.2M
2026-09-02
filed 2026-09-04
Timothy SchmidEVP, WW Chair, MedTechSell11.1K$274.74$3.0M
2026-08-17
filed 2026-08-18
Jennifer L. TaubertEVP, WWC. Innovative MedicineSell15.0K$263.36$4.0M
2026-08-13
filed 2026-08-14
Joaquin DuatoCEO and Chairman of the BoardSell102.3K$261.00$26.7M
2026-08-13
filed 2026-08-14
Joaquin DuatoCEO and Chairman of the BoardSell21.0K$262.00$5.5M
2026-08-06
filed 2026-08-07
Elizabeth ForminardEVP, Chief Legal OfficerSell9.3K$257.75$2.4M
2026-08-06
filed 2026-08-07
Elizabeth ForminardEVP, Chief Legal OfficerSell6.6K$255.93$1.7M
2026-08-05
filed 2026-08-07
Joaquin DuatoCEO and Chairman of the BoardSell42.0K$258.06$10.8M
2026-08-05
filed 2026-08-07
Joaquin DuatoCEO and Chairman of the BoardSell6.5K$258.74$1.7M
2026-07-20
filed 2026-07-21
Vanessa BroadhurstEVP, Global Corp AffairsSell23.1K$251.27$5.8M
2026-06-11
filed 2026-06-12
Kathryn E. WengelEVP, Chief TO and Risk OfficerSell10.0K$241.15$2.4M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
22.1M
settled 2026-09-30
Change vs prior
+4.2%
vs previous settlement
Days to cover
3.27
at avg daily volume
Avg daily volume
6.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3022.1M+4.2%3.27
2026-09-1521.2M-2.2%3.65
2026-08-3121.7M+0.4%3.31
2026-08-1421.6M-15.0%3.33
2026-07-3125.4M-7.4%2.99
2026-07-1527.4M+3.2%3.67
2026-06-3026.6M-0.4%2.48
2026-06-1526.7M+14.0%3.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$94.19B$88.82B$85.16B$79.99B$78.74B
Gross profit
Operating income—————
Pre-tax income$32.58B$16.69B$15.06B$19.36B$19.18B
Net income$26.80B$14.07B$35.15B$17.94B$20.88B
Diluted EPS$11.03$5.79$13.72$6.73$7.81

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$24.53B$24.27B$22.79B$21.19B$23.41B
Capital expenditure$4.83B$4.42B$4.54B$4.01B$3.65B
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$25.40B5.9%$210.0M$0.09
Q2 FY2026$25.31B6.6%$5.53B$2.27
Q1 FY2026$24.06B9.9%$5.24B$2.14
Q4 FY20259.1%
Q3 FY2025$23.99B6.8%$5.15B$2.12
Q2 FY2025$23.74B5.8%$5.54B$2.29
Q1 FY2025$21.89B2.4%$11.00B$4.54
Q4 FY20245.3%

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 28, 2025)
Latest reported quarterQ3 FY2026 (ended September 27, 2026)
Oldest indexed filing2018
SEC CIK200406

Selected SEC filings

10-K2026-02-11
View on EDGAR →
10-K2025-02-13
View on EDGAR →
10-Q2026-10-21
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-22
View on EDGAR →
10-Q2025-10-22
View on EDGAR →
8-K2026-10-13
View on EDGAR →
8-K2026-08-04
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocks →All Healthcare companies →

JNJ head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.