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.
Follow JNJ
Johnson & Johnson (JNJ) Price to free cash flow
As of 16 October 2026, Johnson & Johnson (JNJ) trades at a price to free cash flow of 27.1×. Over the past ten years it has ranged from 12.7× (March 2020) to 34.1× (June 2026); the current reading is higher than 92% of that period. That is above the Drug Manufacturers General industry median of 16.5× and above the Healthcare sector median of 20.2×.
Price to free cash flow, daily
Embed this chart
Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 24.4× | 43.80% |
| FY2024 | 17.0× | (22.10%) |
| FY2023 | 21.8× | (17.45%) |
| FY2022 | 26.4× | 19.95% |
| FY2021 | 22.0× | 8.80% |
| FY2020 | 20.2× | 21.48% |
| FY2019 | 16.6× | 4.53% |
| FY2018 | 15.9× | (16.70%) |
| FY2017 | 19.1× | 1.32% |
| FY2016 | 18.9× | 29.67% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 28.0× | 4.24% |
| Jun 2026 | 26.9× | (16.58%) |
| Mar 2026 | 32.3× | 32.19% |
| Dec 2025 | 24.4× | 9.60% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| GILD Gilead Sciences, Inc. compare | 15.0× |
| PFE Pfizer Inc. compare | 16.5× |
| NVS Novartis AG compare | 18.9× |
| MRK Merck & Co., Inc. compare | 22.4× |
| AMGN Amgen Inc. compare | 24.0× |
| JNJ Johnson & Johnson | 27.1× |
| ABBV AbbVie Inc. compare | 27.7× |
| AZN AstraZeneca PLC compare | 40.9× |
| LLY Eli Lilly and Company compare | 55.0× |
| Drug Manufacturers General industry median | 16.5× |
| Healthcare sector median | 20.2× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- EV/EBITDA
- 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