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) Return on invested capital

Alert me on Return on invested capital

Johnson & Johnson's return on invested capital over the twelve months to 30 September 2026 was 11.1%, down 9.1 percentage points from fiscal 2025 (20.2%). Over the past ten years it has ranged from 13.1% (fiscal 2023) to 26.3% (fiscal 2015); the current reading is higher than 82% of that period. That is above the Drug Manufacturers General industry median of 6.26% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 20.2% 6.75
FY2024 13.4% 0.32
FY2023 13.1% (1.74)
FY2022 14.9% (1.70)
FY2021 16.6% 1.98
FY2020 14.6% (1.66)
FY2019 16.2% (0.36)
FY2018 16.6% 1.37
FY2017 15.2% (9.06)
FY2016 24.3% (2.00)

Against its own ten years

Low 13.1% High 26.3%
Ten-year median 16.2%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
LLY Eli Lilly and Company compare 26.4%
ABBV AbbVie Inc. compare 20.2%
AMGN Amgen Inc. compare 14.3%
AZN AstraZeneca PLC compare 12.3%
NVS Novartis AG compare 12.1%
JNJ Johnson & Johnson 11.1%
PFE Pfizer Inc. compare 6.19%
MRK Merck & Co., Inc. compare 0.00%
GILD Gilead Sciences, Inc. compare −4.51%
Drug Manufacturers General industry median 6.26%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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