What is Johnson & Johnson's acquisitions?

Johnson & Johnson (JNJ) reported acquisitions of $3.04B in Q4 2025.

How has Johnson & Johnson's acquisitions changed year-over-year?

Johnson & Johnson's acquisitions increased by 304000.0% year-over-year, from $1M to $3.04B.

What is the long-term trend for Johnson & Johnson's acquisitions?

Over 4 years (2021 to 2025), Johnson & Johnson's acquisitions has grown at a 313.3% compound annual growth rate (CAGR), from $60M to $17.5B.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Johnson & Johnson JNJ Acquisitions

Acquisitions at other companies

Bristol-Myers SquibbBMY

$65M-16.7%

Tenet HealthcareTHC

$121M+348%

Procter & GamblePG

$80M+1,500%

Merck & Co.MRK

$8.78B—

StrykerSYK

$22M-99.5%

Merit Medical SystemsMMSI

$1M0.0%

Other financials

Income statement

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Revenue$24.1B+9.9%

Gross profit$16.0B+9.8%

Operating income$6.3B+2.3%

Net income$5.2B-52.4%

EPS (diluted)$2.14-52.9%

Balance sheet

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Cash & equivalents$21.7B-43.6%

Total debt$55.0B+5.2%

Total equity$81.2B+3.9%

Total assets$200.89B+3.7%

Cash flow

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Operating cash flow$2.5B-39.8%

CapEx$1.0B+31.9%

Free cash flow$1.5B-56.6%

Valuation

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Market cap$611.36B+73.1%

Enterprise value$644.66B+67.5%

P/E29.1×+13.5×

P/S6.3×+2.4×

Profitability

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Gross margin67.8%-0.5pp

Operating margin26.4%+2.8pp

Net margin21.8%-2.6pp

FCF margin18.5%-4.3pp

Returns & leverage

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Return on equity26.4%-3.0pp

Debt / equity0.7×0.0×

Current ratio1×-0.2×

Where this comes from

Reported directly by Johnson & Johnson in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Johnson & Johnson’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Johnson & Johnson's acquisitions?: Johnson & Johnson (JNJ) reported acquisitions of $3.04B in Q4 2025.
How has Johnson & Johnson's acquisitions changed year-over-year?: Johnson & Johnson's acquisitions increased by 304000.0% year-over-year, from $1M to $3.04B.
What is the long-term trend for Johnson & Johnson's acquisitions?: Over 4 years (2021 to 2025), Johnson & Johnson's acquisitions has grown at a 313.3% compound annual growth rate (CAGR), from $60M to $17.5B.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.