Johnson & Johnson is a healthcare company from New Jersey. It develops prescription drugs, for example for cancer and immune diseases, and makes medical devices such as implants, cardiac catheters and surgical equipment. The over-the-counter products division was separated as Kenvue. As of Oct 13, 2026
As of Oct 13, 2026Fact sheet (from the annual report)Pharmaceutical manufacturers · New Brunswick, USAfull fact sheet
The group is a holding company whose companies research, manufacture and sell healthcare products in almost every country. The pharmaceutical segment covers oncology, immunology, neuroscience, pulmonary hypertension, infectious diseases and cardiovascular and metabolism. Its products include DARZALEX for multiple myeloma and ERLEADA for prostate cancer. The pharmaceuticals go directly to retailers, wholesalers, distributors, hospitals and healthcare professionals. The MedTech segment develops and manufactures products for cardiovascular, orthopedics, surgery and eye health, including systems from Abiomed and Shockwave.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Pullback in trend · Analysis method
This method currently detects no pattern for JNJ. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Johnson & Johnson · Sector Health Care · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 11, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
–no data: Operating margin above 15%not stated in the SEC filings
✓met: Net margin above 10%28.5%
✓met: Return on equity above 15%32.9%
✓met: Free cash flow margin above 10%20.9%
✓met: Profit in each of the last 5 fiscal years5 of 5
✓met: Free cash flow positive in each of the last 3 fiscal years3 of 3
✓met: Equity ratio above 30%40.9%
Gross margin
67.9%Fiscal year 2025
All76strong
Rank 76 of 100: higher than 76% of 153 peers (All). strong.
Sector58medium
Rank 58 of 100: higher than 58% of 20 peers (Sector). medium.
Median Health Care: 66.6%
Share of revenue left after the direct cost of the products sold.
Net margin
28.5%Fiscal year 2025
All82strong
Rank 82 of 100: higher than 82% of 237 peers (All). strong.
Sector79strong
Rank 79 of 100: higher than 79% of 26 peers (Sector). strong.
Median Health Care: 13.9%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
32.9%Fiscal year 2025
All76strong
Rank 76 of 100: higher than 76% of 218 peers (All). strong.
Sector74strong
Rank 74 of 100: higher than 74% of 21 peers (Sector). strong.
Median Health Care: 14.3%
Net income divided by equity at fiscal year end.
Return on assets
13.5%Fiscal year 2025 (total assets at year end)
All80strong
Rank 80 of 100: higher than 80% of 238 peers (All). strong.
Sector79strong
Rank 79 of 100: higher than 79% of 26 peers (Sector). strong.
Median Health Care: 6.4%
Net income divided by total assets at fiscal year end.
Equity ratio
40.9%Fiscal year 2025
All60medium
Rank 60 of 100: higher than 60% of 239 peers (All). medium.
Sector56medium
Rank 56 of 100: higher than 56% of 26 peers (Sector). medium.
Median Health Care: 38.5%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
20.9%Fiscal year 2025
All71strong
Rank 71 of 100: higher than 71% of 213 peers (All). strong.
Sector66medium
Rank 66 of 100: higher than 66% of 25 peers (Sector). medium.
Median Health Care: 14.9%
Free cash flow divided by revenue.
Free cash flow
19.7B USDFiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 4 of 6 met · 1 without data
✗not met: Over 3 years, revenue grew by more than 5% per year−0.3%
✗not met: Over 5 years, revenue grew by more than 5% per year+2.7%
–no data: Over 10 years, revenue grew by more than 5% per yearno comparable figures over 10 years
✓met: Over 3 years, EPS grew by more than 5% per year+17.9%
✓met: Over 5 years, EPS grew by more than 5% per year+14.9%
✓met: Revenue rose in at least 4 of the last 5 fiscal years4 of 5
✓met: Revenue rose in the last fiscal year+6.0%
Revenue growth 3 years
−0.3%per year
All17weak
Rank 17 of 100: higher than 17% of 230 peers (All). weak.
Sector22weak
Rank 22 of 100: higher than 22% of 25 peers (Sector). weak.
Median Health Care: +5.6%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+2.7%per year
All10weak
Rank 10 of 100: higher than 10% of 217 peers (All). weak.
Sector10weak
Rank 10 of 100: higher than 10% of 25 peers (Sector). weak.
Median Health Care: +8.5%
Average growth per year over 5 fiscal years.
EPS growth 3 years
+17.9%per year
All63medium
Rank 63 of 100: higher than 63% of 157 peers (All). medium.
Sector84strong
Rank 84 of 100: higher than 84% of 22 peers (Sector). strong.
Median Health Care: +5.5%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+14.9%per year
All54medium
Rank 54 of 100: higher than 54% of 146 peers (All). medium.
Sector73strong
Rank 73 of 100: higher than 73% of 20 peers (Sector). strong.
Median Health Care: +7.0%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+7.2%per year
All36medium
Rank 36 of 100: higher than 36% of 140 peers (All). medium.
Sector43medium
Rank 43 of 100: higher than 43% of 20 peers (Sector). medium.
Median Health Care: +8.3%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 7 of 7 met
✓met: Pays a dividend5.14 USD
✓met: Payout ratio at most 60% of earnings47%
✓met: Dividend paid in each of the last 5 fiscal years5 of 5
✓met: Dividend per share never lowered in the last 5 fiscal yearsDividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut.never
✓met: Dividend per share higher than 5 years ago+5.2%
✓met: Free cash flow per share covers the dividend1.6x
✓met: Dividends paid over the last 5 years covered by free cash flow62% of free cash flow
Payout ratio
47%Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+5.2%per year
All23weak
Rank 23 of 100: higher than 23% of 118 peers (All). weak.
Sector16weak
Rank 16 of 100: higher than 16% of 16 peers (Sector). weak.
Median Health Care: +7.8%
Growth of the dividend per share per year.
Free cash flow coverage
1.6xFiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 5 of 6 met
✗not met: Piotroski F-Score at least 7 of 94 of 9
✓met: Long-term debt no higher than equity0.48
✓met: Current assets cover current liabilities1.03
✓met: Positive equity81.5B USD
✓met: In 5 years, share count up by at most 5%−9.0%
✓met: Free cash flow positive in the last fiscal year19.7B USD
Piotroski F-Score
4 of 9Fiscal year 2025
All8weak
Rank 8 of 100: higher than 8% of 134 peers (All). weak.
Sector11weak
Rank 11 of 100: higher than 11% of 19 peers (Sector). weak.
Median Health Care: 7.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.48at fiscal year end
All58medium
Rank 58 of 100: lower than 58% of 199 peers (All). medium.
Sector75strong
Rank 75 of 100: lower than 75% of 18 peers (Sector). strong.
Median Health Care: 0.72
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.03at fiscal year end
All26weak
Rank 26 of 100: higher than 26% of 215 peers (All). weak.
Sector25weak
Rank 25 of 100: higher than 25% of 26 peers (Sector). weak.
Median Health Care: 1.56
Current assets divided by current liabilities.
Change in share count
−9.0%in 5 years
All77strong
Rank 77 of 100: lower than 77% of 199 peers (All). strong.
Sector77strong
Rank 77 of 100: lower than 77% of 24 peers (Sector). strong.
Median Health Care: −2.7%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
✓met: Profit in the last fiscal year (positive return on assets)
✓met: Positive operating cash flow
✓met: Return on assets higher than the prior year
✗not met: Operating cash flow higher than net income
✗not met: Long-term debt relative to total assets fell
✗not met: Liquidity (current assets / current liabilities) rose
✓met: No additional shares (diluted share count did not rise)
✗not met: Gross margin higher than the prior year
✗not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
Light yellow: Revenue grew over 5 years (+2.7% per year), more slowly than the sector median.
Light green: Net income (total) grew over 5 years (+12.7% per year), at least as fast as the sector median; per share +14.9% per year.
Light green: Net margin 28.5%, above the sector median (12.9%).
Light green: Debt not higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
025B50B75B100B
2016Fiscal year 2016 (Jan 4, 2016 – Jan 1, 2017): Revenue 71.9B USD · Net income 16.5B USD · Net margin 23.0%
2017Fiscal year 2017 (Jan 2, 2017 – Dec 31, 2017): Revenue 76.5B USD · Net income 1.3B USD · Net margin 1.7%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 30, 2018): Revenue 81.6B USD · Net income 15.3B USD · Net margin 18.8%
2019Fiscal year 2019 (Dec 31, 2018 – Dec 29, 2019): Revenue 82.1B USD · Net income 15.1B USD · Net margin 18.4%
2020Fiscal year 2020 (Dec 30, 2019 – Jan 3, 2021): Revenue 82.6B USD · Net income 14.7B USD · Net margin 17.8%
2021Fiscal year 2021 (Jan 4, 2021 – Jan 2, 2022): Revenue 93.8B USD · Net income 20.9B USD · Net margin 22.3%
2022Fiscal year 2022 (Jan 3, 2022 – Jan 1, 2023): Revenue 94.9B USD · Net income 17.9B USD · Net margin 18.9%
2023Fiscal year 2023 (Jan 2, 2023 – Dec 31, 2023): Revenue 85.2B USD · Net income 35.2B USD · Net margin 41.3%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 29, 2024): Revenue 88.8B USD · Net income 14.1B USD · Net margin 15.8%
2025Fiscal year 2025 (Dec 30, 2024 – Dec 28, 2025): Revenue 94.2B USD · Net income 26.8B USD · Net margin 28.5%
Margin
23%2%19%18%18%22%19%41%16%28%
RevenueNet incomeNet margin (below)in USD
010B20B30B
Q4/23Quarter Q4/23 (Oct 2, 2023 – Dec 31, 2023): Revenue 21.4B USD · Net income 4.0B USD · Net margin 18.9%
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 21.4B USD · Net income 3.3B USD · Net margin 15.2%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 22.4B USD · Net income 4.7B USD · Net margin 20.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 29, 2024): Revenue 22.5B USD · Net income 2.7B USD · Net margin 12.0%
Q4/24Quarter Q4/24 (Sep 30, 2024 – Dec 29, 2024): Revenue 22.5B USD · Net income 3.4B USD · Net margin 15.2% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Dec 30, 2024 – Mar 30, 2025): Revenue 21.9B USD · Net income 11.0B USD · Net margin 50.2%
Q2/25Quarter Q2/25 (Mar 31, 2025 – Jun 29, 2025): Revenue 23.7B USD · Net income 5.5B USD · Net margin 23.3%
Q3/25Quarter Q3/25 (Jun 30, 2025 – Sep 28, 2025): Revenue 24.0B USD · Net income 5.2B USD · Net margin 21.5%
Q4/25Quarter Q4/25 (Sep 29, 2025 – Dec 28, 2025): Revenue 24.6B USD · Net income 5.1B USD · Net margin 20.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Dec 29, 2025 – Mar 29, 2026): Revenue 24.1B USD · Net income 5.2B USD · Net margin 21.8%
Q2/26Quarter Q2/26 (Mar 30, 2026 – Jun 28, 2026): Revenue 25.3B USD · Net income 5.5B USD · Net margin 21.9%
Q3/26Quarter Q3/26 (Jun 29, 2026 – Sep 27, 2026): Revenue 25.4B USD · Net income 210.0M USD · Net margin 0.8%
Margin
19%15%21%12%15%50%23%21%21%22%22%1%
Earnings per shareUSD per share
05.001015
2016Fiscal year 2016 (Jan 4, 2016 – Jan 1, 2017): Earnings per share 5.93 USD
2017Fiscal year 2017 (Jan 2, 2017 – Dec 31, 2017): Earnings per share 0.47 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 30, 2018): Earnings per share 5.61 USD
2019Fiscal year 2019 (Dec 31, 2018 – Dec 29, 2019): Earnings per share 5.63 USD
2020Fiscal year 2020 (Dec 30, 2019 – Jan 3, 2021): Earnings per share 5.51 USD
2021Fiscal year 2021 (Jan 4, 2021 – Jan 2, 2022): Earnings per share 7.81 USD
2022Fiscal year 2022 (Jan 3, 2022 – Jan 1, 2023): Earnings per share 6.73 USD
2023Fiscal year 2023 (Jan 2, 2023 – Dec 31, 2023): Earnings per share 13.72 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 29, 2024): Earnings per share 5.79 USD
2025Fiscal year 2025 (Dec 30, 2024 – Dec 28, 2025): Earnings per share 11.03 USD
Earnings per shareUSD per share
02.004.006.00
Q4/23Quarter Q4/23 (Oct 2, 2023 – Dec 31, 2023): Earnings per share 1.67 USD
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 1.34 USD
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 1.93 USD
Dividend per sharePayout ratio (below)USD per share
02.004.006.00
2016Fiscal year 2016 (Jan 4, 2016 – Jan 1, 2017): Dividend per share 3.15 USD · Payout ratio 53.1%
2017Fiscal year 2017 (Jan 2, 2017 – Dec 31, 2017): Dividend per share 3.32 USD · Payout ratio 706.4%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 30, 2018): Dividend per share 3.54 USD · Payout ratio 63.1%
2019Fiscal year 2019 (Dec 31, 2018 – Dec 29, 2019): Dividend per share 3.75 USD · Payout ratio 66.6%
2020Fiscal year 2020 (Dec 30, 2019 – Jan 3, 2021): Dividend per share 3.98 USD · Payout ratio 72.2%
2021Fiscal year 2021 (Jan 4, 2021 – Jan 2, 2022): Dividend per share 4.19 USD · Payout ratio 53.6%
2022Fiscal year 2022 (Jan 3, 2022 – Jan 1, 2023): Dividend per share 4.45 USD · Payout ratio 66.1%
2023Fiscal year 2023 (Jan 2, 2023 – Dec 31, 2023): Dividend per share 4.70 USD · Payout ratio 34.3%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 29, 2024): Dividend per share 4.91 USD · Payout ratio 84.8%
2025Fiscal year 2025 (Dec 30, 2024 – Dec 28, 2025): Dividend per share 5.14 USD · Payout ratio 46.6%
Ratio
53%706%63%67%72%54%66%34%85%47%
Dividend per sharePayout ratio (below)USD per share
00.501.001.50
Q4/23Quarter Q4/23 (Oct 2, 2023 – Dec 31, 2023): Dividend per share 1.19 USD · Payout ratio 71.3%
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 1.19 USD · Payout ratio 88.8%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 1.24 USD · Payout ratio 64.2%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 29, 2024): Dividend per share 1.24 USD · Payout ratio 111.7%
Q4/24Quarter Q4/24 (Sep 30, 2024 – Dec 29, 2024): Dividend per share 1.24 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Dec 30, 2024 – Mar 30, 2025): Dividend per share 1.24 USD · Payout ratio 27.3%
Q2/25Quarter Q2/25 (Mar 31, 2025 – Jun 29, 2025): Dividend per share 1.30 USD · Payout ratio 56.8%
Q3/25Quarter Q3/25 (Jun 30, 2025 – Sep 28, 2025): Dividend per share 1.30 USD · Payout ratio 61.3%
Q4/25Quarter Q4/25 (Sep 29, 2025 – Dec 28, 2025): Dividend per share 1.30 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Dec 29, 2025 – Mar 29, 2026): Dividend per share 1.30 USD · Payout ratio 60.7%
Q2/26Quarter Q2/26 (Mar 30, 2026 – Jun 28, 2026): Dividend per share 1.34 USD · Payout ratio 59.0%
Q3/26Quarter Q3/26 (Jun 29, 2026 – Sep 27, 2026): Dividend per share 1.34 USD · Payout ratio 1,488.9%
Ratio
71%89%64%112%27%57%61%61%59%1,489%
Fiscal year 2025 (Dec 30, 2024 – Dec 28, 2025): Revenue 94.2B USD · Net income 26.8B USD · Net margin 28.5%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 67.9 USD gross profit and 28.5 USD net income remained.
2016Fiscal year 2016: Operating cash flow 18.8B USD · Capital expenditure 3.2B USD · Free cash flow 15.5B USD
2017Fiscal year 2017: Operating cash flow 21.1B USD · Capital expenditure 3.3B USD · Free cash flow 17.8B USD
2018Fiscal year 2018: Operating cash flow 22.2B USD · Capital expenditure 3.7B USD · Free cash flow 18.5B USD
2019Fiscal year 2019: Operating cash flow 23.4B USD · Capital expenditure 3.5B USD · Free cash flow 19.9B USD
2020Fiscal year 2020: Operating cash flow 23.5B USD · Capital expenditure 3.3B USD · Free cash flow 20.2B USD
2021Fiscal year 2021: Operating cash flow 23.4B USD · Capital expenditure 3.7B USD · Free cash flow 19.8B USD
2022Fiscal year 2022: Operating cash flow 21.2B USD · Capital expenditure 4.0B USD · Free cash flow 17.2B USD
2023Fiscal year 2023: Operating cash flow 22.8B USD · Capital expenditure 4.5B USD · Free cash flow 18.2B USD
2024Fiscal year 2024: Operating cash flow 24.3B USD · Capital expenditure 4.4B USD · Free cash flow 19.8B USD
2025Fiscal year 2025: Operating cash flow 24.5B USD · Capital expenditure 4.8B USD · Free cash flow 19.7B USD
Share count
The share count fell in 5 years by 9.0% (mostly through share repurchases).
Diluted share count
01B2B3B
2016Fiscal year 2016: Diluted share count 2.8B
2017Fiscal year 2017: Diluted share count 2.7B
2018Fiscal year 2018: Diluted share count 2.7B
2019Fiscal year 2019: Diluted share count 2.7B
2020Fiscal year 2020: Diluted share count 2.7B
2021Fiscal year 2021: Diluted share count 2.7B
2022Fiscal year 2022: Diluted share count 2.7B
2023Fiscal year 2023: Diluted share count 2.6B
2024Fiscal year 2024: Diluted share count 2.4B
2025Fiscal year 2025: Diluted share count 2.4B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
5.14USD · Fiscal year 2025
Dividend growth per year
3 y+4.9%5 y+5.2%10 y+5.7%
Years without a cut
at least 10as far as the data goes
Payout ratio
of earnings47%of free cash flow63%
To shareholders (5 years)
81.6B USD28% through repurchases
Share count over 5 years
−9.0%fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 3.98 USD to 5.14 USD.
Dividend per shareUSD per sharePer share as filed with the SEC, including special dividends; obvious filing errors are hidden.
02.004.006.00
2016Fiscal year 2016: Dividend per share 3.15 USD
2017Fiscal year 2017: Dividend per share 3.32 USD
2018Fiscal year 2018: Dividend per share 3.54 USD
2019Fiscal year 2019: Dividend per share 3.75 USD
2020Fiscal year 2020: Dividend per share 3.98 USD
2021Fiscal year 2021: Dividend per share 4.19 USD
2022Fiscal year 2022: Dividend per share 4.45 USD
2023Fiscal year 2023: Dividend per share 4.70 USD
2024Fiscal year 2024: Dividend per share 4.91 USD
2025Fiscal year 2025: Dividend per share 5.14 USD
Payout ratios
The payout ratio fell in 5 years from 72.2% to 46.6%.
Payout ratio (earnings)Payout ratio (free cash flow)Ratios above 500% hidden (earnings or free cash flow close to zero).
0%25%50%75%100%
2016Fiscal year 2016: Payout ratio (earnings) 53.1% · Payout ratio (free cash flow) 55.5%
2017Fiscal year 2017: Payout ratio (earnings) not available · Payout ratio (free cash flow) 50.3%
2018Fiscal year 2018: Payout ratio (earnings) 63.1% · Payout ratio (free cash flow) 51.2%
2019Fiscal year 2019: Payout ratio (earnings) 66.6% · Payout ratio (free cash flow) 49.8%
2020Fiscal year 2020: Payout ratio (earnings) 72.2% · Payout ratio (free cash flow) 51.9%
2021Fiscal year 2021: Payout ratio (earnings) 53.6% · Payout ratio (free cash flow) 55.8%
2022Fiscal year 2022: Payout ratio (earnings) 66.1% · Payout ratio (free cash flow) 68.0%
2023Fiscal year 2023: Payout ratio (earnings) 34.3% · Payout ratio (free cash flow) 64.5%
2024Fiscal year 2024: Payout ratio (earnings) 84.8% · Payout ratio (free cash flow) 59.6%
2025Fiscal year 2025: Payout ratio (earnings) 46.6% · Payout ratio (free cash flow) 62.9%
What goes back to shareholders
Over 5 years, 81.6B USD went back to shareholders, 28% of it through share repurchases. That is 86% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flowin USDDividends partly reported as declared rather than paid.
010B20B30B
2016Fiscal year 2016: Dividends paid 8.6B USD · Share repurchases 9.0B USD · New shares issued (including employee plans) not available · Free cash flow 15.5B USD
2017Fiscal year 2017: Dividends paid 8.9B USD · Share repurchases 6.4B USD · New shares issued (including employee plans) not available · Free cash flow 17.8B USD
2018Fiscal year 2018: Dividends paid 9.5B USD · Share repurchases 5.9B USD · New shares issued (including employee plans) not available · Free cash flow 18.5B USD
2019Fiscal year 2019: Dividends paid 9.9B USD · Share repurchases 6.7B USD · New shares issued (including employee plans) not available · Free cash flow 19.9B USD
2020Fiscal year 2020: Dividends paid 10.5B USD · Share repurchases 3.2B USD · New shares issued (including employee plans) not available · Free cash flow 20.2B USD
2021Fiscal year 2021: Dividends paid 11.0B USD · Share repurchases 3.5B USD · New shares issued (including employee plans) not available · Free cash flow 19.8B USD
2022Fiscal year 2022: Dividends paid 11.7B USD · Share repurchases 6.0B USD · New shares issued (including employee plans) not available · Free cash flow 17.2B USD
2023Fiscal year 2023: Dividends paid 11.8B USD · Share repurchases 5.1B USD · New shares issued (including employee plans) not available · Free cash flow 18.2B USD
2024Fiscal year 2024: Dividends paid 11.8B USD · Share repurchases 2.4B USD · New shares issued (including employee plans) not available · Free cash flow 19.8B USD
2025Fiscal year 2025: Dividends paid 12.4B USD · Share repurchases 6.0B USD · New shares issued (including employee plans) not available · Free cash flow 19.7B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Sector comparison
Johnson & Johnson next to 8 stocks of the sector Health Care we cover that are closest in revenue. Click a column header to sort the table.
Sector comparison JNJ, sector Health Care; last row: sector median
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 63 symbols in the Health Care sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+2.7%per year, last 5 years
Sector Health Care: median +7.8% (60 symbols)
What does this mean? Revenue: over 5 years it grew by 2.7% per year on average, but more slowly than the median company in the sector (+7.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+12.7%per year, last 5 years
Sector Health Care: median +7.5% (46 symbols)
per share: +14.9% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 12.7% per year on average – at least as fast as the median company in the sector (+7.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 28.46 USD remained as profit – at least as much as the median company in the sector (12.9%). Five years ago the margin was 17.8%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.44latest balance sheet
Sector Health Care: median 0.66 (49 symbols)
What does this mean? For every 1 USD of equity there is 0.44 USD of financial debt – no more than the median company in the sector (0.66). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light green: covered
47%Dividend / earnings per share
Sector Health Care: median 28% (31 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.47 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 28%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
94.2B USD
Revenue vs. prior year
+6.0%
Net income (FY)
26.8B USD
Net income vs. prior year
+90.6%
EPS (FY)
11.03 USD
13F funds with a position
0 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
–
Fiscal year to Dec 28, 2025 · 10-K filed Feb 11, 2026 · Balance sheet Sep 27, 2026 (filed Oct 21, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 28, 2025
94.2B
26.8B
28.5%
11.03
5.14
47%
2024
Dec 29, 2024
88.8B
14.1B
15.8%
5.79
4.91
85%
2023
Dec 31, 2023
85.2B
35.2B
41.3%
13.72
4.70
34%
2022
Jan 1, 2023
94.9B
17.9B
18.9%
6.73
4.45
66%
2021
Jan 2, 2022
93.8B
20.9B
22.3%
7.81
4.19
54%
2020
Jan 3, 2021
82.6B
14.7B
17.8%
5.51
3.98
72%
2019
Dec 29, 2019
82.1B
15.1B
18.4%
5.63
3.75
67%
2018
Dec 30, 2018
81.6B
15.3B
18.8%
5.61
3.54
63%
2017
Dec 31, 2017
76.5B
1.3B
1.7%
0.47
3.32
706%
2016
Jan 1, 2017
71.9B
16.5B
23.0%
5.93
3.15
53%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q3/26
Sep 27, 2026
25.4B
210.0M
0.8%
0.09
1.34
1,489%
Q2/26
Jun 28, 2026
25.3B
5.5B
21.9%
2.27
1.34
59%
Q1/26
Mar 29, 2026
24.1B
5.2B
21.8%
2.14
1.30
61%
Q4/25*
Dec 28, 2025
24.6B
5.1B
20.8%
–
1.30
–
Q3/25
Sep 28, 2025
24.0B
5.2B
21.5%
2.12
1.30
61%
Q2/25
Jun 29, 2025
23.7B
5.5B
23.3%
2.29
1.30
57%
Q1/25
Mar 30, 2025
21.9B
11.0B
50.2%
4.54
1.24
27%
Q4/24*
Dec 29, 2024
22.5B
3.4B
15.2%
–
1.24
–
Q3/24
Sep 29, 2024
22.5B
2.7B
12.0%
1.11
1.24
112%
Q2/24
Jun 30, 2024
22.4B
4.7B
20.9%
1.93
1.24
64%
Q1/24
Mar 31, 2024
21.4B
3.3B
15.2%
1.34
1.19
89%
Q4/23
Dec 31, 2023
21.4B
4.0B
18.9%
1.67
1.19
71%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Aug 6, 2026Forminard ElizabethOfficerOpen-market sale6,574 shares · $1.7M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +55
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)16.2
Rel. strength 60 d+4.6%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.