What is Johnson & Johnson's capex?

Johnson & Johnson (JNJ) reported capex of $1.05B in Q1 2026.

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

Johnson & Johnson's capex increased by 31.9% year-over-year, from $795M to $1.05B.

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

Over 4 years (2021 to 2025), Johnson & Johnson's capex has grown at a 7.3% compound annual growth rate (CAGR), from $3.65B to $4.83B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Johnson & Johnson JNJ CapEx

CapEx at other companies

AbbottABT

$399M-17.6%

Bristol-Myers SquibbBMY

$347M+33.5%

Tenet HealthcareTHC

$180M+4.0%

PfizerPFE

$436M-22.7%

Procter & GamblePG

$1.02B+18.6%

Merck & Co.MRK

$991M-25.4%

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%

Free cash flow$1.5B-56.6%

Valuation

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Market cap$589.48B+63.6%

Enterprise value$622.78B+66.4%

P/E28×+11.5×

P/S6.1×+2.1×

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:PaymentsToAcquirePropertyPlantAndEquipment.

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 capex?: Johnson & Johnson (JNJ) reported capex of $1.05B in Q1 2026.
How has Johnson & Johnson's capex changed year-over-year?: Johnson & Johnson's capex increased by 31.9% year-over-year, from $795M to $1.05B.
What is the long-term trend for Johnson & Johnson's capex?: Over 4 years (2021 to 2025), Johnson & Johnson's capex has grown at a 7.3% compound annual growth rate (CAGR), from $3.65B to $4.83B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.