Johnson & Johnson

JNJ

Johnson & Johnson

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Johnson & Johnson.

R40: 35 · 2026 Q2 $649.33B
$267.37
News

Coverage

See all news →

Rule of 40 2026 Q2
35.4
✗ Below 40
Revenue Growth YoY +6.6%
+
FCF Margin +28.8%
History
36
Q3
29
Q4
2024 R40 +27
19
Q1
18
Q2
40
Q3
31
Q4
2025 R40 +27
16
Q1
35
Q2
ANALYST RATINGS
Buy $272
Consensus as of Aug 19, 2026
JNJ
Citi Buy $298
Reiterated
2026-08-13
Guggenheim Buy $270
Reiterated
2026-08-06
Goldman Sachs Buy $282
Reiterated
2026-08-04
Morgan Stanley Overweight $294
Reiterated
2026-08-04
Scotiabank Outperform $305
Reiterated
2026-08-04

See all 8 ratings →

Revenue

Latest: $25.31B (2026Q2)

Period Value
2020Q3 $21.08B
2020Q4 $22.48B
2021Q1 $22.32B
2021Q2 $23.31B
2021Q3 $23.34B
2021Q4 $9.77B
2022Q1 $23.43B
2022Q2 $24.02B
2022Q3 $20.00B
2022Q4 $12.55B
2023Q1 $20.89B
2023Q2 $21.52B
2023Q3 $21.35B
2023Q4 $21.39B
2024Q1 $21.38B
2024Q2 $22.45B
2024Q3 $22.47B
2024Q4 $22.52B
2025Q1 $21.89B
2025Q2 $23.74B
2025Q3 $23.99B
2025Q4 $24.56B
2026Q1 $24.06B
2026Q2 $25.31B
EPS

Latest: $2.27 (2026Q2)

Period Value
2020Q3 $1.33
2020Q4 $0.65
2021Q1 $2.32
2021Q2 $2.35
2021Q3 $1.37
2021Q4 $1.77
2022Q1 $1.93
2022Q2 $1.80
2022Q3 $1.68
2022Q4 $1.32
2023Q1 -$0.03
2023Q2 $1.96
2023Q3 $10.21
2023Q4 $1.58
2024Q1 $1.34
2024Q2 $1.93
2024Q3 $1.11
2024Q4 $1.41
2025Q1 $4.54
2025Q2 $2.29
2025Q3 $2.12
2025Q4 $2.10
2026Q1 $2.14
2026Q2 $2.27
P/E Ratio

Latest: 28.3 (2026Q1)

Period Value
2020Q2 17.6
2020Q3 20.2
2020Q4 24.8
2021Q1 25.4
2021Q2 21.8
2021Q3 21.3
2021Q4 19.5
2022Q1 21.4
2022Q2 23.3
2022Q3 20.6
2022Q4 23.9
2023Q1 29.8
2023Q2 31.0
2023Q3 10.8
2023Q4 10.7
2024Q1 9.3
2024Q2 8.7
2024Q3 22.6
2024Q4 21.1
2025Q1 18.0
2025Q2 16.1
2025Q3 17.8
2025Q4 18.7
2026Q1 28.3
Free Cash Flow

Latest: $7.29B (2026Q2)

Period Value
2020Q3 $7.66B
2020Q4 $7.22B
2021Q1 $4.00B
2021Q2 $4.55B
2021Q3 $7.55B
2021Q4 $4.36B
2022Q1 $3.62B
2022Q2 $4.78B
2022Q3 $5.34B
2022Q4 $3.98B
2023Q1 $2.43B
2023Q2 $3.13B
2023Q3 $6.64B
2023Q4 $6.39B
2024Q1 $3.06B
2024Q2 $5.02B
2024Q3 $7.01B
2024Q4 $5.42B
2025Q1 $3.66B
2025Q2 $2.89B
2025Q3 $8.09B
2025Q4 $5.47B
2026Q1 $1.47B
2026Q2 $7.29B
Shares

Latest: $2,409,295,102.00 (2025Q3)

Period Value
2018Q1 $2,682,149,964.00
2018Q2 $2,682,756,061.00
2018Q3 $2,681,977,969.00
2019Q1 $2,655,055,987.00
2019Q2 $2,639,165,527.00
2019Q3 $2,631,872,399.00
2020Q1 $2,634,594,535.00
2020Q2 $2,632,823,475.00
2020Q3 $2,632,542,672.00
2021Q1 $2,633,396,003.00
2021Q2 $2,632,482,092.00
2021Q3 $2,632,596,969.00
2022Q1 $2,631,401,804.00
2022Q2 $2,629,179,895.00
2022Q3 $2,614,483,607.00
2023Q1 $2,598,734,075.00
2023Q2 $2,598,969,594.00
2023Q3 $2,407,278,620.00
2024Q1 $2,406,679,183.00
2024Q2 $2,407,243,667.00
2024Q3 $2,407,622,972.00
2025Q1 $2,406,073,279.00
2025Q2 $2,408,338,872.00
2025Q3 $2,409,295,102.00
Cumulative FCF

Latest: $288.21B (2026Q2)

Period Value
2020Q3 $174.79B
2020Q4 $182.02B
2021Q1 $186.02B
2021Q2 $190.57B
2021Q3 $198.13B
2021Q4 $202.49B
2022Q1 $206.11B
2022Q2 $210.89B
2022Q3 $216.23B
2022Q4 $220.22B
2023Q1 $222.65B
2023Q2 $225.78B
2023Q3 $232.43B
2023Q4 $238.82B
2024Q1 $241.88B
2024Q2 $246.90B
2024Q3 $253.92B
2024Q4 $259.34B
2025Q1 $263.00B
2025Q2 $265.89B
2025Q3 $273.97B
2025Q4 $279.45B
2026Q1 $280.91B
2026Q2 $288.21B
Just reported

Latest results

See all JNJ earnings → Investor relations →

Background

Company History

Exchange
NYSE
IPO Date
Sep 25, 1944
Shares Outstanding
2.43B
1886
Founding of Johnson & Johnson

Three brothers founded the company in New Brunswick, New Jersey, producing ready-to-use sterile surgical dressings with 14 employees.

1888
Launch of First Commercial First Aid Kit

Designed to support railroad workers far from medical care, including antiseptic supplies and field use directions.

1920
Invention of Band-Aid

Earle Dickson combined adhesive tape and gauze to create the first commercial adhesive bandage, sold starting 1921.

1943
Creation of the Credo

Robert Wood Johnson wrote

1982
Tylenol Murders Crisis

Cyanide-laced Tylenol led to a nationwide recall of 31 million bottles; company response set industry standards for crisis management.

2017
Acquisition of Actelion

$30 billion deal, the largest in company history, expanding pharmaceutical capabilities.

2022
Acquisition of Abiomed

$16.6 billion purchase of cardiovascular medical technology company to bolster MedTech segment.

2023
Spin-Off of Kenvue

Consumer health division went public as Kenvue in May 2023, with J&J retaining minimal stake by 2024.

2025
Intra-Cellular Therapies Acquisition

Acquired Intra-Cellular Therapies for $14.6B in January 2025, continuing aggressive M&A strategy.

Leadership

Key Players

showing 6 of 21

Joaquin Duato
Chairman & Chief Executive Officer
Joaquin Duato
CEO since January 2022, Chairman since January 2023. Leads ~138,000 employees globally, directing an R&D portfolio of nearly $17B annually across pharmaceuticals and MedTech.

The CEO view — 5 podcasts, interviews & articles →

Joseph J. Wolk
Executive Vice President, Chief Financial Officer
Oversees global finance, capital markets and investor relations. Maintains AAA-equivalent balance sheet with net debt-to-EBITDA under 1.5x.
Jennifer L. Taubert
Executive Vice President, Worldwide Chairman, Innovative Medicine
Leads commercial strategy for ten blockbuster therapies generating ~$57B in sales across oncology, immunology, neuroscience, and cardiology.
Tim Schmid
Executive Vice President, Worldwide Chairman, MedTech
Runs $30B+ medical-technology portfolio spanning 300+ platforms and 8,000 patents, including surgical robotics and AI-guided endoscopy.
John C. Reed
Executive Vice President, Innovative Medicine, R&D
M.D., Ph.D. Directs end-to-end drug discovery pipeline with 105 clinical assets including 40 in Phase 3. Integrates AI-enabled research and 400 academic/biotech partners.
Vanessa Broadhurst
Executive Vice President, Global Corporate Affairs
Leads corporate marketing, communications, health-equity initiatives and philanthropy across 100+ markets.

See all 21 key players →

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Institutional

Funds we follow holding JNJ

By latest reported 13F position value. Market value at quarter-end, not cost basis.