Stock research

Johnson & Johnson (JNJ) Stock Research

Johnson & Johnson develops prescription pharmaceuticals and medical devices following the spin-off of its consumer-health business.

For the fiscal year ended December 28, 2025, Johnson & Johnson reported revenue of $94.2B and net income of $26.8B, with operating cash flow of $24.5B. Source: Form 10-K filed February 11, 2026

SEC data as of

Revenue
$94.2B
FY ending 2025-12-28
Net income
$26.8B
FY ending 2025-12-28
Diluted EPS
$11.03
Net margin
28.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Johnson & Johnson

Its diversified drug and device pipeline supports a long record of dividend increases.

Exchange
NYSE: JNJ
Sector
Health Care
SEC industry
Pharmaceutical Preparations (SIC 2834)
Fiscal year end
January 3
Headquarters
New Brunswick, New Jersey
Founded
1886

JNJ key financials

Reported figures from Johnson & Johnson's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$94.2B2024-12-30 – 2025-12-28SEC filing
Net income$26.8B2024-12-30 – 2025-12-28SEC filing
Operating cash flow$24.5B2024-12-30 – 2025-12-28SEC filing
Diluted EPS$11.032024-12-30 – 2025-12-28SEC filing
Net margin28.5%2024-12-30 – 2025-12-28SEC filing
Shares outstanding2.41BAs of 2026-02-06SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in JNJ

Johnson & Johnson sits in Health Care. Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts. We have not yet written company-specific drivers for JNJ; the forces that matter most for the sector are:

  • ◆Drug approvals and clinical-trial readouts
  • ◆Medicare and drug-pricing policy
  • ◆Demographics and an aging population
  • ◆GLP-1 and obesity-drug demand

Key questions for the JNJ thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does JNJ's reported profit turn into cash?

Operating cash flow was $24.5B, 0.92 times net income of $26.8B, for the fiscal year ended December 28, 2025.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed February 11, 2026

How much of JNJ's revenue is left as profit?

Net income was 28.5% of revenue for the fiscal year ended December 28, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 11, 2026

When does Johnson & Johnson's fiscal year end?

The SEC lists Johnson & Johnson's fiscal year end as January 3, not December 31. The latest annual figures here run from December 30, 2024 to December 28, 2025. Its reporting year ends on a nearby date rather than a fixed calendar day.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed February 11, 2026

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What members are reading this month

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Congressional trading in JNJ

PoliticianTrade dateTypeOwnerAmountSource
Thomas Kean2026-08-27SaleSelf$1,001 - $15,000Filing #20035431
John Boozman2026-08-20SaleJoint$1,001 - $15,000Filing #6298991b-e48f-4b11-9bbb-dfc94a7e1b32
Rich McCormick2026-07-30SaleSelf$1,001 - $15,000Filing #20035204
Thomas Kean2026-06-29SaleSelf$1,001 - $15,000Filing #20035003
Lloyd Doggett2026-06-09PurchaseSelf$1,001 - $15,000Filing #20034923
Thomas Kean2026-06-02SaleSelf$1,001 - $15,000Filing #20035003
Alan Armstrong2026-03-30PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Alan Armstrong2026-03-27PurchaseSelf$15,001 - $50,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Thomas Kean2026-03-26SaleSelf$1,001 - $15,000Filing #20034327
John Boozman2026-03-19SaleJoint$1,001 - $15,000Filing #e9d6ab5f-3a50-49bc-9f00-3ef4655045aa

All verified JNJ congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

JNJ — frequently asked questions

What does Johnson & Johnson do?

Johnson & Johnson develops prescription pharmaceuticals and medical devices following the spin-off of its consumer-health business.

What were JNJ's latest reported annual revenue and net income?

For the fiscal year ended December 28, 2025, Johnson & Johnson reported revenue of $94.2B and net income of $26.8B, with operating cash flow of $24.5B. The figures come from Johnson & Johnson's SEC XBRL filings.

When does Johnson & Johnson's fiscal year end?

The SEC lists Johnson & Johnson's fiscal year end as January 3.

Do members of Congress trade JNJ?

The current verified House and Senate snapshot contains 67 transaction rows for JNJ, each linked to the original filing.

Where is Johnson & Johnson headquartered?

Johnson & Johnson is headquartered in New Brunswick, New Jersey and was founded in 1886.

Is JNJ a good investment?

This page does not rate JNJ as a buy or sell. It sets out what Johnson & Johnson reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the JNJ numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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