Johnson & Johnson JNJ

271.22 0.54 0.20% as of 25 Sep
Market cap
$652.8B
P/E
31.4×
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Johnson & Johnson (JNJ) Free cash flow margin

Johnson & Johnson's free cash flow margin over the twelve months to 30 June 2026 was 23.2%, up 1.5 percentage points from fiscal 2025 (21.7%). Over the past ten years it has ranged from 21.7% (fiscal 2025) to 28.3% (fiscal 2019) — the current reading is the lowest in ten years. That is above the Drug Manufacturers General industry median of 17.3% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 21.7% (1.42)
FY2024 23.1% 1.25
FY2023 21.9% (0.31)
FY2022 22.2% (3.84)
FY2021 26.0% 1.18
FY2020 24.8% (3.43)
FY2019 28.3% 1.61
FY2018 26.6% 0.99
FY2017 25.7% 2.27
FY2016 23.4% (4.55)

Against its own ten years

Low 21.7% High 28.3%
Ten-year median 24.8%
Current reading's percentile 9

Free cash flow margin against peers

Company Free cash flow margin
GILD Gilead Sciences, Inc. compare 42.5%
ABBV AbbVie Inc. compare 28.3%
NVS Novartis AG compare 26.8%
AMGN Amgen Inc. compare 26.7%
MRK Merck & Co., Inc. compare 24.1%
JNJ Johnson & Johnson 23.2%
LLY Eli Lilly and Company compare 22.8%
PFE Pfizer Inc. compare 17.3%
AZN AstraZeneca PLC compare 10.2%
Drug Manufacturers General industry median 17.3%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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