TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

JNJ stock analysis: Johnson & Johnson

Johnson & Johnson (JNJ) is an S&P 500 company in Pharmaceuticals.

The model's view of JNJ · subscribers

Where JNJ ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with JNJ · updated 2026-10-05 · from prices and SEC filings

JNJ price performance

JNJ against the S&P 500, one year
+0%+20%+40%+60%JNJ +42%S&P 500 +18%2025-09-292026-10-05
Year to date+24.2%S&P 500 +14.5% · ahead by 9.7 pts
1 year+37.1%S&P 500 +17.0% · ahead by 20.1 pts
3 years+75.3%S&P 500 +89.3% · behind by 14.0 pts
5 years+82.2%S&P 500 +91.3% · behind by 9.1 pts

Total returns with dividends reinvested.

JNJ factor grades

Each grade compares JNJ with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 29.3x (industry 32.7x)FCF yield 3.6% (industry 7.0%)
CGrowthRevenue growth +8% (industry +4%)EPS growth -8% (industry -2%)
BProfitability
C+Momentum12-month change +37%From 52-wk high -9%

JNJ in plain numbers

JNJ key statistics

SectorHealth Care
IndustryPharmaceuticals
IndexS&P 500
Market value$609.5B
Revenue growth (y/y)+8%
Free-cash-flow yield3.6%
Dividend yield2.1%
Next earnings (expected)2026-10-13
Valuation measures
Market value$609.5B
Enterprise value$638.1B
P/E (trailing)29.3x
Forward P/E (Torvanta estimate)29.7x
Price / sales6.2x
Price / book7.2x
EV / revenue6.5x
Financial highlights
Revenue, last 12 months$97.9B
Net income, last 12 months$21.0B
EPS, last 12 months (GAAP)$8.62
Gross margin67.9%
Net margin21.5%
Return on equity25.7%
Cash$20.4B
Total debt$49.0B
Debt / equity0.58x
Free cash flow, last 12 months$22.2B
Current ratio1.09x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

JNJ earnings trends

Revenue vs earnings
$0$6.3B$12.7B$19.0B$25.3BSep 2024 Revenue: $22.5BDec 2024 Revenue: $22.5BMar 2025 Revenue: $21.9BJun 2025 Revenue: $23.7BSep 2025 Revenue: $24.0BDec 2025 Revenue: $24.6BMar 2026 Revenue: $24.1BJun 2026 Revenue: $25.3BSep 2024 Net income: $2.7BDec 2024 Net income: $3.4BMar 2025 Net income: $11.0BJun 2025 Net income: $5.5BSep 2025 Net income: $5.2BDec 2025 Net income: $5.1BMar 2026 Net income: $5.2BJun 2026 Net income: $5.5BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 12.0%Net margin: 15.2%Net margin: 50.2%Net margin: 23.3%Net margin: 21.5%Net margin: 20.8%Net margin: 21.8%Net margin: 21.9%0%25%50%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.1$2.3$3.4$4.5Sep 2024 EPS (GAAP, diluted): $1.1Dec 2024 EPS (GAAP, diluted): $1.4Mar 2025 EPS (GAAP, diluted): $4.5Jun 2025 EPS (GAAP, diluted): $2.3Sep 2025 EPS (GAAP, diluted): $2.1Dec 2025 EPS (GAAP, diluted): $2.1Mar 2026 EPS (GAAP, diluted): $2.1Jun 2026 EPS (GAAP, diluted): $2.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +91% · Dec 2025 +48% · Mar 2026 -53% · Jun 2026 -1%

From the company's 10-Q and 10-K filings with the SEC.

Johnson & Johnson financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$93.8B$91.2B$93.0B$88.8B$94.2B
Net income$20.9B$17.9B$35.2B$14.1B$26.8B
EPS (GAAP)$7.81$6.74$13.81$5.79$11.04
Free cash flow$19.8B$17.2B$18.2B$19.8B$19.7B

JNJ earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-15$2.27-1%+7%-1.4%
2026-04-14$2.14-53%+10%-1.7%
2026-01-21$2.09+48%+9%-1.6%
2025-10-14$2.12+91%+7%-0.2%
2025-07-16$2.29+19%+6%+4.1%
2025-04-15$4.54+239%+2%+2.2%

About Johnson & Johnson

HeadquartersNew Brunswick, NJ
Industry (SEC code)Pharmaceutical Preparations
Fiscal year endsJanuary 3
Incorporated inNJ
Listed onNYSE
FormerlyJOHNSON & JOHNSON ET AL

From the company's SEC registration record.

Companies similar to JNJ

CompanyMarket valueP/ERevenue growthOperating margin12-month change
JNJ Johnson & Johnson$609.5B29.3x+8%n/a+37%
LLY Eli Lilly$1.1T38.4x+50%n/a+37%compare
MRK Merck$344.3B110.7x+5%n/a+61%compare
PFE Pfizer$156.2B36.1x-0%n/a+7%compare
BMY Bristol-Myers Squibb$120.1B13.0x+3%n/a+35%
ZTS Zoetis$29.5B11.8x+1%n/a-50%
VTRS Viatris$20.2Bn/a+4%-0.6%+79%

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Frequently asked questions

Is JNJ stock a buy?

Torvanta does not tell individuals what to buy. Its grades for JNJ are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is JNJ's P/E ratio?

JNJ trades at about 29.3 times its last 12 months of GAAP earnings reported to the SEC, and about 29.7 times Torvanta's own estimate of the next 12 months.

When does JNJ report earnings next?

Based on its filing history, Torvanta expects Johnson & Johnson to report around 2026-10-13.

Does JNJ pay a dividend?

Yes. Its dividend yield is about 2.1%, and it has raised its dividend 25 years in a row.

How has JNJ performed against the S&P 500?

Over the past year JNJ returned +37.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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