Johnson & Johnson
JNJ Healthcare Drug Manufacturers General
Johnson & Johnson’s revenue for fiscal 2025 (year ended December 2025) was $94.2 billion, up 6.05% from fiscal 2024. In the quarter to September 2026, revenue grew 5.86%, EPS was flat, free cash flow grew 154.8% and total debt fell 4.82%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
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Johnson & Johnson (JNJ) EV/EBITDA
As of 16 October 2026, Johnson & Johnson (JNJ) trades at a EV/EBITDA of 18.1×. Over the past ten years it has ranged from 9.2× (August 2015) to 21.3× (April 2023); the current reading is higher than 90% of that period. That is above the Drug Manufacturers General industry median of 13.8× and above the Healthcare sector median of 9.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 12.3× | (9.41%) |
| FY2024 | 13.6× | (18.31%) |
| FY2023 | 16.6× | (4.74%) |
| FY2022 | 17.4× | 4.16% |
| FY2021 | 16.7× | (4.60%) |
| FY2020 | 17.5× | 11.65% |
| FY2019 | 15.7× | 17.82% |
| FY2018 | 13.3× | (15.14%) |
| FY2017 | 15.7× | 30.18% |
| FY2016 | 12.1× | 10.03% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 18.8× | 4.13% |
| Jun 2026 | 18.0× | 3.32% |
| Mar 2026 | 17.4× | 41.82% |
| Dec 2025 | 12.3× | 7.50% |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| PFE Pfizer Inc. compare | 10.8× |
| AZN AstraZeneca PLC compare | 13.8× |
| NVS Novartis AG compare | 14.5× |
| AMGN Amgen Inc. compare | 16.8× |
| JNJ Johnson & Johnson | 18.1× |
| ABBV AbbVie Inc. compare | 22.2× |
| MRK Merck & Co., Inc. compare | 29.5× |
| LLY Eli Lilly and Company compare | 32.7× |
| GILD Gilead Sciences, Inc. compare | 829× |
| Drug Manufacturers General industry median | 13.8× |
| Healthcare sector median | 9.2× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on JNJ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement