Johnson & Johnson
Description
Johnson & Johnson, together with its subsidiaries, researches, develops, manufactures, and sells various products in the healthcare field worldwide. The company's Innovative Medicine segment offers products for various therapeutic areas, such as immunology, including rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease, and psoriasis; infectious diseases comprising HIV/AIDS; neuroscience, consisting of mood disorders, neurodegenerative disorders, and schizophrenia; oncology, such as prostate cancer, hematologic malignancies, lung cancer, and bladder cancer; cardiovascular and metabolism, including thrombosis, diabetes, and macular degeneration; and pulmonary hypertension comprising pulmonary arterial hypertension through retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. Its MedTech segment provides Interventional Solutions, including electrophysiology products to treat heart rhythm disorders; the heart recovery portfolio, which includes technologies to treat severe coronary artery disease requiring high-risk PCI or AMI cardiogenic shock; and neurovascular care that treats hemorrhagic and ischemic stroke. this segment also offers an orthopaedics portfolio that includes products and enabling technologies that support hips, knees, trauma, spine, sports, and other; surgery portfolios comprising advanced and general surgery technologies, as well as solutions for breast aesthetics, ear, nose, and throat procedures; contact lenses under the ACUVUE Brand; and TECNIS intraocular lenses for cataract surgery. It distributes its products to wholesalers, hospitals, and retailers, as well as physicians, nurses, hospitals, eye care professionals, and clinics. The company has a collaboration agreement with Stand Up To Cancer for research testing a combination of teclistamab and daratumumab to treat a rare disease AL amyloidosis. Johnson & Johnson was founded in 1886 and is based in New Brunswick, New Jersey.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Jan 20, 2026 | — | — | — | — |
Oct 13, 2025 | — | — | — | — |
Jul 15, 2025 | — | — | — | — |
Apr 14, 2025 | — | — | — | — |
Earnings estimate
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
---|---|---|---|---|
Number of analysts | 13 | 13 | 18 | 19 |
Average estimate | 2.64 | 2.73 | 10.55 | 11.11 |
Low estimate | 2.51 | 2.61 | 10.28 | 10.42 |
High estimate | 2.88 | 2.95 | 10.66 | 11.73 |
Last year EPS | 2.71 | 2.82 | 9.98 | 10.55 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
Jan 28, 2025 |
Barclays
Matt Miksic
|
Maintains | Equal-Weight | ▲ Raises $159 → $166 |
Jan 23, 2025 |
Leerink Partners
David Risinger
|
Maintains | Outperform | ▼ Lowers $182 → $169 |
Jan 23, 2025 |
Raymond James
Jayson Bedford
|
Maintains | Outperform | ▼ Lowers $170 → $165 |
Jan 23, 2025 |
Stifel
Rick Wise
|
Maintains | Hold | ▼ Lowers $170 → $155 |
Jan 23, 2025 |
B of A Securities
Tim Anderson
|
Maintains | Neutral | ▼ Lowers $160 → $159 |
Jan 23, 2025 |
Wells Fargo
Larry Biegelsen
|
Maintains | Equal-Weight | ▼ Lowers $166 → $152 |
Jan 23, 2025 |
Morgan Stanley
Terence Flynn
|
Maintains | Equal-Weight | ▼ Lowers $175 → $163 |
Jan 23, 2025 |
RBC Capital
Shagun Singh
|
Reiterates | Outperform | Maintains $181 |
Jan 17, 2025 |
B of A Securities
Tim Anderson
|
Maintains | Neutral | ▼ Lowers $166 → $160 |
Dec 11, 2024 |
Citigroup
Joanne Wuensch
|
Maintains | Buy | ▼ Lowers $185 → $175 |
Dec 10, 2024 |
B of A Securities
Tim Anderson
|
Reinstates | Neutral | Announces $166 |
Nov 15, 2024 |
Wolfe Research
Alexandria Hammond
|
Initiates | Outperform | Announces $190 |
Nov 6, 2024 |
Guggenheim
Vamil Divan
|
Maintains | Neutral | ▲ Raises $156 → $162 |
Oct 16, 2024 |
Morgan Stanley
Terence Flynn
|
Maintains | Equal-Weight | ▲ Raises $169 → $175 |
Oct 16, 2024 |
RBC Capital
Shagun Singh
|
Maintains | Outperform | ▲ Raises $178 → $181 |
Oct 16, 2024 |
Wells Fargo
Larry Biegelsen
|
Maintains | Equal-Weight | ▲ Raises $163 → $166 |
Oct 16, 2024 |
Citigroup
Joanne Wuensch
|
Maintains | Buy | ▲ Raises $180 → $185 |
Oct 16, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Oct 10, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Oct 8, 2024 |
RBC Capital
Shagun Singh
|
Maintains | Outperform | ▲ Raises $175 → $178 |
Sep 30, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Sep 23, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Sep 20, 2024 |
RBC Capital
Shagun Singh
|
Reiterates | Outperform | Maintains $175 |
Sep 19, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Sep 16, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Sep 9, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Sep 3, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Aug 5, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Jul 30, 2024 |
RBC Capital
Shagun Singh
|
Reiterates | Outperform | Maintains $175 |
Jul 30, 2024 |
Cantor Fitzgerald
Louise Chen
|
Reiterates | Overweight | Maintains $215 |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 85.16B | 79.99B | 78.74B | 82.58B | 82.06B |
Cost of revenue | 26.55B | 24.60B | 23.40B | 28.43B | 27.56B |
Gross profit | 58.61B | 55.39B | 55.34B | 54.16B | 54.50B |
Operating expense | |||||
Research & development | 15.09B | 14.14B | 14.28B | 12.34B | 11.36B |
Selling general and admin | 20.11B | 19.05B | 20.12B | 22.08B | 22.18B |
Other operating expenses | — | — | — | — | — |
Operating income | 23.41B | 22.21B | 20.94B | 19.73B | 20.97B |
Non operating interest income | |||||
Income | 1.26B | 490.00M | 53.00M | 111.00M | 357.00M |
Expense | 772.00M | 276.00M | 183.00M | 201.00M | 318.00M |
Other income expense | -8.80B | -3.06B | -1.64B | -3.15B | -3.68B |
Pretax income | 15.06B | 19.36B | 19.18B | 16.50B | 17.33B |
Tax provision | 1.74B | 2.99B | 1.38B | 1.78B | 2.21B |
Net income | 35.15B | 17.94B | 20.88B | 14.71B | 15.12B |
Basic EPS | 13.88 | 6.86 | 7.93 | 5.59 | 5.74 |
Diluted EPS | 13.72 | 6.73 | 7.81 | 5.51 | 5.63 |
Basic average shares | 2.53B | 2.61B | 2.63B | 2.63B | 2.63B |
Diluted average shares | 2.53B | 2.61B | 2.63B | 2.63B | 2.63B |
EBITDA | 32.32B | 30.16B | 27.86B | 24.18B | 25.81B |
Net income from continuing op. | 35.15B | 17.94B | 20.88B | 14.71B | 15.12B |
Minority interests | — | — | — | — | — |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 167.56B | 187.38B | 182.02B | 174.89B | 157.73B |
Current assets | |||||
Cash | 3.34B | 3.69B | — | — | — |
Cash equivalents | 18.52B | 9.20B | — | — | — |
Cash and cash equivalents | 21.86B | 12.89B | 14.49B | 13.99B | 17.31B |
Other short term investments | 1.07B | 9.39B | 17.12B | 11.20B | 1.98B |
Accounts receivable | 14.87B | 14.04B | 15.28B | 13.58B | 14.48B |
Other receivables | 4.51B | 2.88B | 3.70B | — | — |
Inventory | 11.18B | 10.27B | 10.39B | 9.34B | 9.02B |
Prepaid assets | — | — | 3.70B | 3.13B | 2.39B |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | 5.83B | — | — | 94.00M |
Hedging assets | — | — | — | — | — |
Other current assets | — | — | 3.70B | 3.13B | 2.39B |
Non current assets | |||||
Properties | — | — | — | — | — |
Land and improvements | 795.00M | 784.00M | 884.00M | 882.00M | 854.00M |
Machinery furniture equipment | 28.98B | 26.60B | 29.77B | 29.10B | 26.96B |
Construction in progress | 5.63B | 4.68B | 4.14B | 4.32B | 3.64B |
Leases | — | — | — | — | — |
Accumulated depreciation | -27.88B | -25.55B | -28.72B | -28.04B | -25.67B |
Goodwill | 107.29B | 110.58B | 116.88B | 126.19B | 114.92B |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 34.18B | 38.49B | 46.39B | 53.40B | 47.64B |
Investments and advances | — | — | — | — | — |
Other non current assets | 23.43B | 39.57B | 20.44B | 15.10B | 13.51B |
Total liabilities | 98.78B | 110.57B | 108.00B | 111.62B | 98.26B |
Current liabilities | |||||
Accounts payable | 9.63B | 9.89B | 11.06B | 9.51B | 8.54B |
Accrued expenses | 26.21B | 24.30B | 25.71B | 25.48B | 20.60B |
Short term debt | 3.45B | 12.76B | 3.77B | 2.63B | 1.20B |
Deferred revenue | — | — | — | — | — |
Tax payable | 2.99B | 2.22B | 1.11B | 1.39B | 2.27B |
Pensions | 3.99B | 3.05B | 3.59B | 3.48B | 3.35B |
Other current liabilities | — | 3.59B | — | — | — |
Non current liabilities | |||||
Long term debt | 25.88B | 26.89B | 29.99B | 32.64B | 26.49B |
Provision for risks and charges | 2.88B | 4.31B | 5.71B | 6.56B | 7.44B |
Deferred liabilities | 3.19B | 3.99B | 7.49B | 7.21B | 5.96B |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 13.40B | 10.15B | 10.69B | 11.94B | 11.73B |
Shareholders equity | |||||
Common stock | 3.12B | 3.12B | 3.12B | 3.12B | 3.12B |
Retained earnings | 153.84B | 128.35B | 123.06B | 113.89B | 110.66B |
Other shareholders equity | -12.53B | -12.97B | -13.06B | -15.24B | -15.89B |
Total shareholders equity | 68.77B | 76.80B | 74.02B | 63.28B | 59.47B |
Additional paid in capital | 153.84B | 128.35B | 123.06B | 113.89B | 110.66B |
Treasury stock | 75.66B | 41.69B | 39.10B | 38.49B | 38.42B |
Minority interest | — | — | — | — | — |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||||||||||||||||||||||
Net Income | 35.15B | 17.94B | 20.88B | 14.71B | 15.12B | 15.30B | 1.30B | 16.54B | 15.41B | 16.32B | 13.83B | 10.51B | 9.67B | 13.33B | 12.27B | 12.95B | 10.58B | 11.05B | 10.06B | 8.18B | 7.20B | 6.60B | 5.67B | 4.95B | 4.27B | 3.00B | 3.30B | 2.89B | 2.40B | 2.01B | 1.79B | 1.63B | 1.46B | 1.14B | 1.08B |
Depreciation | 7.49B | 6.97B | 7.39B | 7.23B | 7.01B | 6.93B | 5.64B | 3.75B | 3.75B | 3.90B | 4.10B | 3.67B | 3.16B | 2.94B | 2.77B | 2.83B | 2.78B | 2.18B | 2.09B | 2.12B | 1.87B | 1.66B | 1.61B | 1.59B | 1.51B | 1.29B | 1.07B | 1.01B | 857.00M | 724.00M | 617.00M | 560.00M | 493.00M | 474.00M | 414.00M |
Deferred Taxes | -4.19B | -1.66B | -2.08B | -1.14B | -2.48B | -1.02B | 2.41B | -341.00M | -270.00M | 441.00M | -607.00M | -39.00M | -836.00M | 356.00M | -436.00M | 22.00M | -1.76B | -1.17B | -235.00M | -676.00M | -720.00M | -74.00M | -106.00M | -128.00M | -26.00M | -297.00M | -121.00M | -3.00M | -63.00M | -66.00M | — | -8.00M | -22.00M | -46.00M | -8.00M |
Stock-Based Compensation | 1.16B | 1.14B | 1.14B | 1.01B | 977.00M | 978.00M | 962.00M | 878.00M | 874.00M | 792.00M | 728.00M | 662.00M | 621.00M | 614.00M | 628.00M | 627.00M | 698.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Non-Cash Items | 483.00M | — | — | -1.15B | — | — | — | — | — | — | — | 339.00M | 9.70B | 13.35B | 12.32B | 86.00M | 22.00M | 645.00M | 509.00M | 510.00M | — | — | — | — | — | — | — | — | — | — | -19.00M | — | — | — | — |
Accounts Receivable | -624.00M | -1.29B | -2.40B | 774.00M | -289.00M | -1.19B | -633.00M | -1.07B | -433.00M | -247.00M | -632.00M | -9.00M | -915.00M | -207.00M | 453.00M | -736.00M | -416.00M | -699.00M | -568.00M | -111.00M | -691.00M | -510.00M | -258.00M | -468.00M | -630.00M | -163.00M | -318.00M | -306.00M | -265.00M | -239.00M | -310.00M | -211.00M | -244.00M | -127.00M | -179.00M |
Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Assets & Liabilities | 785.00M | -3.82B | -4.27B | -3.23B | 94.00M | -2.76B | 9.15B | -1.36B | 1.78B | -1.77B | -2.02B | -3.82B | 4.70B | -1.17B | 1.34B | -717.00M | -1.00B | -69.00M | 1.45B | 905.00M | -176.00M | -1.10B | 350.00M | 806.00M | 544.00M | 195.00M | -48.00M | 59.00M | -167.00M | 88.00M | 96.00M | -170.00M | -169.00M | -147.00M | -17.00M |
Operating Cash Flow | 40.25B | 19.28B | 20.65B | 18.21B | 20.43B | 18.24B | 18.83B | 18.40B | 21.10B | 19.43B | 15.41B | 11.31B | 26.11B | 29.21B | 29.34B | 15.06B | 10.90B | 11.94B | 13.31B | 10.93B | 7.48B | 6.57B | 7.26B | 6.76B | 5.67B | 4.02B | 3.88B | 3.65B | 2.77B | 2.51B | 2.17B | 1.80B | 1.52B | 1.30B | 1.29B |
Investing Activities | |||||||||||||||||||||||||||||||||||
Capital Expenditures | -4.54B | -4.01B | -3.65B | -3.35B | -3.50B | -3.67B | -3.28B | -3.23B | -3.46B | -3.71B | -3.60B | -2.93B | -2.89B | -2.38B | -2.21B | -3.07B | -2.94B | -2.23B | -2.82B | -2.21B | -1.93B | -1.94B | -1.57B | -1.52B | -1.77B | -1.44B | -1.32B | -1.34B | -791.00M | -605.00M | -909.00M | -1.01B | -730.00M | -768.00M | -679.00M |
Net Intangibles | -470.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Net Acquisitions | — | -17.65B | -60.00M | -7.32B | -5.81B | -899.00M | -35.15B | -4.51B | -954.00M | -2.13B | -835.00M | -4.49B | -2.80B | -1.27B | -2.47B | -1.21B | -1.39B | -18.02B | -987.00M | -580.00M | -2.81B | -478.00M | -225.00M | -151.00M | -271.00M | -3.82B | — | — | — | -1.93B | — | — | — | — | — |
Purchase of Investments | -10.91B | -32.38B | -30.39B | -21.09B | -3.92B | -5.63B | -6.15B | -33.95B | -40.83B | -34.91B | -18.92B | -13.43B | -29.88B | -15.79B | -10.04B | -3.67B | -9.66B | -467.00M | -5.66B | -11.62B | -7.59B | -6.92B | -8.19B | -5.68B | -3.83B | -1.01B | -112.00M | -123.00M | -151.00M | -19.00M | -86.00M | — | -173.00M | — | -87.00M |
Sale of Investments | 19.39B | 41.61B | 25.01B | 12.14B | 3.39B | 4.29B | 28.12B | 35.78B | 34.15B | 24.12B | 18.06B | 14.80B | 30.40B | 11.10B | 7.23B | 3.06B | 7.99B | 426.00M | 9.19B | 12.06B | 8.06B | 7.35B | 5.97B | 4.83B | 3.06B | 400.00M | — | — | — | — | — | — | — | 11.00M | — |
Investing Cash Flow | 1.35B | -12.37B | -8.68B | -20.83B | -6.19B | -3.17B | -14.87B | -4.76B | -7.74B | -12.31B | -5.10B | -4.51B | -4.61B | -7.85B | -7.60B | -4.19B | -5.91B | -20.29B | -620.00M | -2.62B | -4.53B | -2.20B | -4.09B | -2.67B | -3.09B | -6.07B | -1.61B | -1.69B | -1.10B | -2.56B | -1.26B | -1.17B | -1.03B | -1.06B | -897.00M |
Financing Activities | |||||||||||||||||||||||||||||||||||
Long-Term Debt Issuance | — | 2.00M | 5.00M | 7.43B | 3.00M | 5.00M | 8.99B | 12.00B | 75.00M | 2.10B | 3.61B | 45.00M | 4.47B | 1.12B | 9.00M | 1.64B | 5.10B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Long-Term Debt Payments | -24.52B | -8.68B | -2.99B | -3.73B | -2.92B | -4.03B | -3.11B | -4.24B | -1.11B | -3.11B | -2.99B | -6.98B | -11.22B | -6.60B | -7.01B | -7.34B | -21.71B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Other Financing Charges | -1.60B | 65.00M | 395.00M | -627.00M | 575.00M | -148.00M | -188.00M | -15.00M | -57.00M | — | 56.00M | -83.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -100.00M | — |
Financing Cash Flow | -39.89B | -16.75B | -16.27B | -9.90B | -19.07B | -21.94B | -10.07B | -11.76B | -13.19B | -15.31B | -10.14B | -29.46B | -16.90B | -12.77B | -11.77B | -16.27B | -27.39B | -9.85B | -4.74B | -3.95B | -3.62B | -8.53B | -4.10B | -2.31B | -2.10B | -2.06B | -1.54B | -1.24B | -1.04B | -850.00M | -1.25B | -1.25B | -669.00M | -674.00M | -479.00M |
Other Cash Details | |||||||||||||||||||||||||||||||||||
End Cash Position | 21.86B | 14.13B | 14.49B | 13.99B | 17.31B | 18.11B | 17.82B | 18.97B | 13.73B | 14.52B | 20.93B | 14.91B | 24.54B | 19.36B | 15.81B | 10.77B | 7.77B | 4.08B | 16.06B | 9.20B | 5.38B | 2.89B | 3.76B | 4.28B | 2.51B | 1.99B | — | — | — | 636.00M | — | — | — | — | — |
Income Tax Paid | 8.57B | 5.22B | 4.77B | 4.62B | 4.19B | 4.57B | 3.31B | 2.84B | -2.87B | 3.54B | 3.16B | 2.51B | 2.97B | 2.44B | 2.36B | 4.07B | 4.10B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Interest Paid | 1.84B | 982.00M | 990.00M | 904.00M | 995.00M | 1.05B | 960.00M | 730.00M | -617.00M | 603.00M | 596.00M | 616.00M | 576.00M | 491.00M | 533.00M | 525.00M | 314.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Free Cash Flow | 17.78B | 17.19B | 19.76B | 20.19B | 19.92B | 18.53B | 17.78B | 15.54B | 16.11B | 15.00B | 13.82B | 12.46B | 11.41B | 14.00B | 14.21B | 11.91B | 12.08B | 11.51B | 8.83B | 8.64B | 8.33B | 6.08B | 7.13B | 5.21B | 4.10B | 3.45B | 2.95B | 2.52B | 2.13B | 2.04B | 1.19B | 1.04B | 688.00M | 827.00M | 500.00M |