JNJ financial statements

The full income statement, balance sheet, and cash-flow statement for Johnson & Johnson (JNJ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 2.41B2024-09 2.41B2024-12 2.41B2025-03 2.41B2025-06 2.41B2025-09 2.41B2025-12 2.41B2026-03 2.41B2026-06 2.41B+0.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Income Statement	as ofDec 28 ’25	as ofDec 29 ’24	as ofDec 31 ’23	as ofJan 1 ’23	as ofJan 2 ’22	as ofJan 3 ’21
Revenue	94.2B YoY+6.0%	88.8B YoY+4.3%	85.2B YoY+6.5%	80.0B YoY+1.6%	78.7B YoY-4.7%	82.6B YoY+0.6%
	63.9B YoY+4.2%	61.4B YoY+4.7%	58.6B YoY+5.8%	55.4B YoY+0.1%	55.3B YoY+2.2%	54.2B YoY-0.6%
Cost of revenue	30.3B YoY+10.1%	27.5B YoY+3.5%	26.6B YoY+8.0%	24.6B YoY+5.1%	23.4B YoY-17.7%	28.4B YoY+3.2%
Research & development	109M YoY-94.1%	1.84B YoY+281.2%	483M YoY-96.6%	14.1B	0.00 YoY-100.0%	12.2B YoY+7.1%
Selling, general & administrative	23.7B YoY+3.5%	22.9B YoY+6.3%	21.5B YoY+6.3%	20.2B YoY+0.6%	20.1B YoY-8.9%	22.1B YoY-0.4%
Restructuring	228M YoY-2.6%	234M YoY-52.1%	489M YoY+77.8%	275M YoY+31.6%	209M YoY-15.4%	247M YoY-7.1%
Amortization of intangibles	4.60B YoY+2.2%	4.50B YoY+0.0%	4.50B YoY+15.4%	3.90B YoY-7.1%	4.20B YoY-10.6%	4.70B YoY+4.4%
Provision for credit losses	-1.00M YoY-109.1%	11.0M	0.00 YoY+100.0%	-17.0M YoY+64.6%	-48.0M YoY-176.2%	63.0M YoY+415.0%
Interest expense	971M YoY+28.6%	755M YoY-2.2%	772M YoY+179.7%	276M YoY+50.8%	183M YoY-9.0%	201M YoY-36.8%
Interest & investment income	1.06B YoY-20.7%	1.33B YoY+5.6%	1.26B YoY+157.3%	490M YoY+824.5%	53.0M YoY-52.3%	111M YoY-68.9%
Other non-operating income	7.21B YoY+253.6%	-4.69B YoY+29.2%	-6.63B YoY-719.0%	-810M YoY-54.0%	-526M YoY+81.9%	-2.90B YoY-14.8%
Gain (loss) on equity securities	—	-400M YoY+0.0%	-400M	—	—	—
Pre-tax income	32.6B YoY+95.2%	16.7B YoY+10.8%	15.1B YoY-22.2%	19.4B YoY+0.9%	19.2B YoY+16.3%	16.5B YoY-4.8%
Income tax	5.78B YoY+120.4%	2.62B YoY+51.0%	1.74B YoY-41.9%	2.99B YoY+117.1%	1.38B YoY-22.8%	1.78B YoY-19.3%
	26.8B YoY+90.6%	14.1B YoY-60.0%	35.2B YoY+95.9%	17.9B YoY-14.1%	20.9B YoY+41.9%	14.7B YoY-2.7%
Income from continuing operations	26.8B YoY+90.6%	14.1B YoY+5.6%	13.3B YoY-18.6%	16.4B YoY-8.0%	17.8B	—
	$11.03 YoY+90.5%	$5.79 YoY-57.8%	$13.72 YoY+103.9%	$6.73 YoY-13.8%	$7.81 YoY+41.7%	$5.51 YoY-2.1%
EPS (basic)	$11.13 YoY+90.6%	$5.84 YoY-57.9%	$13.88 YoY+103.2%	$6.83 YoY-13.9%	$7.93 YoY+41.9%	$5.59 YoY-2.3%
	2.41B YoY+0.0%	2.41B YoY-5.0%	2.53B YoY-3.5%	2.63B YoY-0.3%	2.63B YoY-0.0%	2.63B YoY-0.5%
	2.43B YoY+0.0%	2.43B YoY-5.1%	2.56B YoY-3.9%	2.66B YoY-0.4%	2.67B YoY+0.1%	2.67B YoY-0.5%
Dividends per share	$5.14 YoY+4.7%	$4.91 YoY+4.5%	$4.70 YoY+5.6%	$4.45 YoY+6.2%	$4.19 YoY+5.3%	$3.98 YoY+6.1%
Balance Sheet	as ofDec 28 ’25	as ofDec 29 ’24	as ofDec 31 ’23	as ofJan 1 ’23	as ofJan 2 ’22	as ofJan 3 ’21
	55.6B YoY-0.5%	55.9B YoY+4.5%	53.5B YoY-3.3%	55.3B YoY-9.3%	61.0B YoY+19.0%	51.2B YoY+13.2%
Cash & equivalents	19.7B YoY-18.2%	24.1B YoY+10.3%	21.9B YoY+69.6%	12.9B YoY-11.0%	14.5B YoY+3.6%	14.0B YoY-19.2%
Short-term investments	393M YoY-5.8%	417M YoY-61.0%	1.07B YoY-88.6%	9.39B YoY-45.1%	17.1B YoY+52.9%	11.2B YoY+465.1%
Accounts receivable	17.2B YoY+15.7%	14.8B YoY-0.2%	14.9B YoY+5.9%	14.0B YoY-8.1%	15.3B YoY+12.6%	13.6B YoY-6.2%
Inventory	14.2B YoY+14.0%	12.4B YoY+11.3%	11.2B YoY+8.9%	10.3B YoY-1.1%	10.4B YoY+11.2%	9.34B YoY+3.6%
Prepaid expenses	4.15B YoY+1.7%	4.08B YoY-9.5%	4.51B YoY+57.0%	2.88B YoY-22.3%	3.70B YoY+18.2%	3.13B YoY+30.9%
	199B YoY+10.6%	180B YoY+7.5%	168B YoY-10.6%	187B YoY+2.9%	182B YoY+4.1%	175B YoY+10.9%
Property, plant & equipment	23.2B YoY+12.9%	20.5B YoY+3.1%	19.9B YoY+10.7%	18.0B YoY-5.2%	19.0B YoY+1.0%	18.8B YoY+6.3%
Operating lease right-of-use	1.30B YoY+18.2%	1.10B YoY+10.0%	1.00B YoY-9.1%	1.10B YoY+22.2%	900M YoY-10.0%	1.00B YoY+0.0%
Goodwill	48.8B YoY+10.3%	44.2B YoY+20.9%	36.6B YoY+1.4%	36.0B YoY+41.7%	25.4B YoY-30.1%	36.4B YoY+8.2%
Intangible assets	50.4B YoY+34.0%	37.6B YoY+10.1%	34.2B YoY-11.2%	38.5B YoY-17.0%	46.4B YoY-13.1%	53.4B YoY+12.1%
Deferred tax assets	6.87B YoY-34.3%	10.5B YoY+12.7%	9.28B YoY+3.7%	8.95B YoY-12.5%	10.2B YoY+19.8%	8.53B YoY+9.1%
Other non-current assets	14.4B YoY+25.9%	11.4B YoY-19.4%	14.2B YoY+53.6%	9.21B YoY-9.8%	10.2B YoY+55.7%	6.56B YoY+15.2%
	54.1B YoY+7.6%	50.3B YoY+8.7%	46.3B YoY-17.1%	55.8B YoY+23.4%	45.2B YoY+6.4%	42.5B YoY+18.2%
Accounts payable	12.0B YoY+16.3%	10.3B YoY+7.0%	9.63B YoY-2.6%	9.89B YoY-10.5%	11.1B YoY+16.3%	9.51B YoY+11.2%
Accrued liabilities	8.59B YoY+0.5%	8.55B YoY-16.3%	10.2B YoY-4.7%	10.7B YoY-21.3%	13.6B YoY-2.5%	14.0B YoY+43.8%
Short-term & current debt	2.00B YoY+14.4%	1.75B YoY+19.1%	1.47B YoY-5.3%	1.55B YoY-27.2%	2.13B YoY+18.5%	1.80B YoY+49.9%
	118B YoY+8.3%	109B YoY+10.0%	98.8B YoY-10.7%	111B YoY+2.4%	108B YoY-3.2%	112B YoY+13.6%
Long-term debt	39.4B YoY+28.7%	30.7B YoY+18.4%	25.9B YoY-3.7%	26.9B YoY-10.3%	30.0B YoY-8.1%	32.6B YoY+23.2%
Operating lease liability (total)	1.40B YoY+16.7%	1.20B YoY+9.1%	1.10B YoY-15.4%	1.30B YoY+30.0%	1.00B YoY-9.1%	1.10B YoY+10.0%
Deferred tax liabilities	6.79B YoY+177.4%	2.45B YoY-23.3%	3.19B YoY-20.0%	3.99B YoY-46.7%	7.49B YoY+3.8%	7.21B YoY+21.1%
Other non-current liabilities	9.87B YoY-43.8%	17.5B YoY+31.0%	13.4B YoY+32.1%	10.1B YoY-5.1%	10.7B YoY-10.5%	11.9B YoY+1.8%
	81.5B YoY+14.1%	71.5B YoY+3.9%	68.8B YoY-10.5%	76.8B YoY+3.8%	74.0B YoY+17.0%	63.3B YoY+6.4%
Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00
Common stock	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%
Retained earnings	169B YoY+8.5%	156B YoY+1.3%	154B YoY+19.9%	128B YoY+4.3%	123B YoY+8.1%	114B YoY+2.9%
Treasury stock	75.6B YoY-0.1%	75.7B YoY+0.0%	75.7B YoY+81.5%	41.7B YoY+6.6%	39.1B YoY+1.6%	38.5B YoY+0.2%
Accumulated other comprehensive income	-14.9B YoY-27.2%	-11.7B YoY+6.3%	-12.5B YoY+3.4%	-13.0B YoY+0.7%	-13.1B YoY+14.3%	-15.2B YoY+4.1%
Non-controlling interest	—	—	—	0.00	—	—
Total equity incl. non-controlling	81.5B YoY+14.1%	71.5B YoY+3.9%	68.8B YoY-10.5%	76.8B YoY+3.8%	74.0B YoY+17.0%	63.3B YoY+6.4%
Total liabilities & equity	199B YoY+10.6%	180B YoY+7.5%	168B YoY-10.6%	187B YoY+2.9%	182B YoY+4.1%	175B YoY+10.9%
	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%	3.12B YoY+0.0%
	2.41B YoY+0.1%	2.41B YoY-0.0%	2.41B YoY-7.5%	2.60B YoY-1.0%	2.63B YoY+0.0%	2.63B YoY-0.2%
Cash Flow	as ofDec 28 ’25	as ofDec 29 ’24	as ofDec 31 ’23	as ofJan 1 ’23	as ofJan 2 ’22	as ofJan 3 ’21
	24.5B YoY+1.1%	24.3B YoY+6.5%	22.8B YoY+7.5%	21.2B YoY-9.5%	23.4B YoY-0.5%	23.5B YoY+0.5%
Depreciation & amortization	7.50B YoY+2.2%	7.34B YoY-2.0%	7.49B YoY+7.4%	6.97B YoY-5.7%	7.39B YoY+2.2%	7.23B YoY+3.2%
Intangible amortization	4.60B YoY+2.2%	4.50B YoY+0.0%	4.50B YoY+15.4%	3.90B YoY-7.1%	4.20B YoY-10.6%	4.70B YoY+4.4%
Share-based compensation	1.35B YoY+15.1%	1.18B YoY+1.2%	1.16B YoY+2.1%	1.14B YoY+0.3%	1.14B YoY+12.9%	1.00B YoY+2.9%
Deferred income taxes	1.54B YoY+170.5%	-2.18B YoY+47.9%	-4.19B YoY-152.2%	-1.66B YoY+20.0%	-2.08B YoY-82.2%	-1.14B YoY+53.9%
Change in receivables	1.78B YoY+338.7%	406M YoY-34.9%	624M YoY-51.6%	1.29B YoY-46.3%	2.40B YoY+410.3%	-774M YoY-367.8%
Change in inventory	1.45B YoY+28.5%	1.13B YoY-14.7%	1.32B YoY-47.6%	2.53B YoY+102.5%	1.25B YoY+370.9%	265M YoY-4.3%
	-23.6B YoY-26.8%	-18.6B YoY-2218.3%	878M YoY+107.1%	-12.4B YoY-42.5%	-8.68B YoY+58.3%	-20.8B YoY-236.2%
Capital expenditure	4.83B YoY+9.2%	4.42B YoY-2.6%	4.54B YoY+13.3%	4.01B YoY+9.8%	3.65B YoY+9.1%	3.35B YoY-4.3%
Free cash flow	19.7B YoY-0.7%	19.8B YoY+8.7%	18.2B YoY+6.2%	17.2B YoY-13.0%	19.8B YoY-2.1%	20.2B YoY+1.4%
Acquisitions	17.5B YoY+15.5%	15.1B	0.00 YoY-100.0%	17.7B YoY+29320.0%	60.0M YoY-99.2%	7.32B YoY+26.0%
Purchases of investments	920M YoY-46.7%	1.73B YoY-84.2%	10.9B YoY-66.3%	32.4B YoY+6.5%	30.4B YoY+44.1%	21.1B YoY+438.0%
Sales/maturities of investments	1.66B YoY-32.5%	2.46B YoY-87.3%	19.4B YoY-53.4%	41.6B YoY+66.4%	25.0B YoY+106.0%	12.1B YoY+258.3%
Other investing activities	162M YoY-6.9%	174M YoY+1550.0%	-12.0M YoY-105.2%	229M YoY-54.9%	508M YoY-2.5%	521M YoY+1284.1%
	-5.54B YoY-76.9%	-3.13B YoY+80.2%	-15.8B YoY-78.4%	-8.87B YoY+36.8%	-14.0B YoY-129.5%	-6.12B YoY+66.0%
Long-term debt issued	9.14B YoY+37.2%	6.66B	0.00 YoY-100.0%	2.00M YoY-60.0%	5.00M YoY-99.9%	7.43B YoY+247600.0%
Long-term debt repaid	1.76B YoY+20.9%	1.45B YoY-6.3%	1.55B YoY-27.3%	2.13B YoY+18.4%	1.80B YoY+69.4%	1.06B YoY-62.3%
Common stock issued	0.00	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	5.95B YoY+144.8%	2.43B YoY-51.9%	5.05B YoY-16.3%	6.04B YoY+74.6%	3.46B YoY+7.3%	3.22B YoY-52.3%
Dividends paid	12.4B YoY+4.7%	11.8B YoY+0.5%	11.8B YoY+0.8%	11.7B YoY+5.9%	11.0B YoY+5.3%	10.5B YoY+5.7%
Other financing activities	-34.0M YoY+10.5%	-38.0M YoY+85.9%	-269M YoY-389.2%	93.0M YoY-18.4%	114M YoY+138.8%	-294M YoY-161.9%
FX effect on cash	201M YoY+169.6%	-289M YoY-158.0%	-112M YoY+64.1%	-312M YoY-75.3%	-178M YoY-300.0%	89.0M YoY+1088.9%
Net change in cash	-4.40B YoY-295.7%	2.25B YoY-71.0%	7.73B YoY+2247.8%	-360M YoY-171.7%	502M YoY+115.1%	-3.32B YoY-314.0%
Interest paid	1.86B YoY-2.5%	1.91B YoY+8.2%	1.77B YoY+89.3%	933M YoY-0.9%	941M YoY+11.9%	841M YoY-9.1%
Income taxes paid	6.54B YoY-2.6%	6.71B YoY-21.7%	8.57B YoY+64.2%	5.22B YoY+9.5%	4.77B YoY+3.2%	4.62B YoY+10.2%
Valuation Ratios	as ofDec 28 ’25	as ofDec 29 ’24	as ofDec 31 ’23	as ofJan 1 ’23	as ofJan 2 ’22	as ofJan 3 ’21
Market cap	500B YoY+43.2%	349B YoY-7.4%	377B YoY-18.3%	462B YoY+2.6%	450B YoY+8.7%	414B YoY+8.0%
P/E	19.9× YoY-16.3%	23.8× YoY+118.2%	10.9× YoY-54.8%	24.1× YoY-4.3%	25.2× YoY+3.3%	24.4× YoY-10.0%
P/S	5.4× YoY+36.3%	4.0× YoY-11.7%	4.5× YoY-31.9%	6.6× YoY+34.3%	4.9× YoY-3.9%	5.1× YoY+9.1%
P/B	6.3× YoY+26.8%	5.0× YoY-6.0%	5.3× YoY-14.4%	6.2× YoY-3.4%	6.4× YoY-0.3%	6.4× YoY-2.5%
P/FCF	25.5× YoY+51.6%	16.8× YoY-29.8%	24.0× YoY-7.9%	26.0× YoY+29.8%	20.1× YoY-11.4%	22.6× YoY+16.3%
	5.0% YoY+19.4%	4.2% YoY-54.2%	9.2% YoY+121.2%	4.1% YoY+4.5%	4.0% YoY-3.2%	4.1% YoY+11.1%
	3.9% YoY-34.1%	5.9% YoY+42.4%	4.2% YoY+8.6%	3.8% YoY-23.0%	5.0% YoY+12.9%	4.4% YoY-14.0%
	2.5% YoY-26.9%	3.4% YoY+12.9%	3.0% YoY+19.0%	2.5% YoY+2.9%	2.4% YoY-3.1%	2.5% YoY-1.7%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: JNJ's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all JNJ filings on SEC EDGAR → Not investment advice.