tradmap

JNJ Financials Johnson & Johnson

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 3.3% per year over the past 5 years.
  • Net income has grown faster than revenue (16.2% vs 3.3% per year).
  • Free cash flow has declined 0.6% per year over the past 5 years.

Financial health

  • Total debt ($49.9B) exceeds cash ($19.7B); net debt is $30.2B.
  • Total debt has grown faster than revenue (7.7% vs 3.3% per year).
Revenue & net income
$0 $47B $94B 2012 2013 2016 2017 2019 2022 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 35% 70% 2012 2013 2016 2017 2019 2022 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $10B $20B 2012 2013 2016 2017 2019 2022 2023 2025
Free cash flow
Cash vs total debt
$0 $25B $50B 2012 2013 2016 2017 2019 2022 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$24B $471M $25B $0 2012 2013 2016 2017 2019 2022 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $94.2B $26.8B 67.9% 0.0% $19.7B $49.9B $19.7B
2024 $88.8B $14.1B 69.1% 0.0% $19.8B $38.4B $24.1B
2023 $85.2B $35.2B 68.8% 0.0% $18.2B $30.8B $21.9B
2023 $80.0B $17.9B 69.3% 0.0% $17.2B $41.2B $12.9B
2022 $78.7B $20.9B 70.3% 0.0% $19.8B $35.9B $14.5B
2021 $82.6B $14.7B 65.6% 0.0% $20.2B $37.1B $14.0B
2019 $82.1B $15.1B 66.4% 0.0% $19.9B $27.7B $17.3B
2018 $81.6B $15.3B 66.8% 0.0% $18.5B $33.1B $18.1B
2017 $76.5B $1.3B 66.7% 0.0% $17.8B $36.1B $17.8B
2017 $71.9B $16.5B 69.7% 0.0% $15.5B $28.8B $19.0B
2016 $15.4B $16.1B $19.9B $13.7B
2014 $16.3B $15.0B $18.8B $14.5B
2013 $13.8B $13.8B $18.2B $20.9B
2012 $10.9B $12.5B $16.2B $14.9B
2012 $9.7B $11.4B $19.6B $24.5B

Valuation over time

How the market has priced JNJ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 17.7 35.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.2 6.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is JNJ growing its revenue and profit?

Over the past 5 years, Johnson & Johnson's revenue has grown 3.3% per year, and net income grown 16.2% per year. These are computed facts, not advice.

How much debt does JNJ have?

As of FY2025, Johnson & Johnson reported $49.9B of total debt against $19.7B of cash.

What is JNJ's profit margin?

In FY2025, gross margin was 67.9%, operating margin —, and net margin 28.5%.

What is JNJ's P/E ratio?

As of Jun '26, Johnson & Johnson traded at a price-to-earnings ratio of about 22.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.