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.

Revenue
+5.86%
EPS
−95.8%
Free cash flow
−21.4%
Total debt
−9.16%

Quarter to September 2026, against a year earlier

272.44 3.88 −1.40%
Market cap
$655.6B
P/E
41.3×
Fwd P/E
40.0×
Dividend yield
1.94%
F-score
3/9
Altman Z
4.78
Beneish M
−2.26
Dividend safety
78/100

Johnson & Johnson (JNJ) Price to free cash flow

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As of 5 November 2026, Johnson & Johnson (JNJ) trades at a price to free cash flow of 31.3×. Over the past ten years it has ranged from 12.7× (March 2020) to 34.1× (June 2026); the current reading is higher than 99% of that period. That is above the Drug Manufacturers General industry median of 21.3× and above the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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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 30.4× 12.96%
Jun 2026 26.9× (16.58%)
Mar 2026 32.3× 32.19%
Dec 2025 24.4× 9.60%
43 more quarters

Against its own ten years

Low 12.7× High 34.1×
Ten-year median 19.1×
Current reading's percentile 99

Price to free cash flow against peers

Company Price to free cash flow
GILD Gilead Sciences, Inc. compare 15.1×
PFE Pfizer Inc. compare 15.5×
NVS Novartis AG compare 21.7×
MRK Merck & Co., Inc. compare 22.6×
ABBV AbbVie Inc. compare 27.1×
AMGN Amgen Inc. compare 27.3×
JNJ Johnson & Johnson 31.3×
AZN AstraZeneca PLC compare 45.8×
LLY Eli Lilly and Company compare 55.9×
Drug Manufacturers General industry median 21.3×
Healthcare sector median 21.1×
Market median 14.1×

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)))

The full definition of Price to free cash flow →

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