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Johnson & Johnson JNJ Debt-to-equity

Debt-to-equity at other companies

Abbott logo
AbbottABT
0.6×+0.4×
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Bristol-Myers SquibbBMY
1.9×-0.9×
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Tenet HealthcareTHC
2.9×-0.7×
Pfizer logo
PfizerPFE
0.7×0.0×
Merck & Co. logo
Merck & Co.MRK
1.1×+0.3×
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
0.4×+0.1×

Other financials

Income statement

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Revenue$25.3B+6.6%
Gross profit$17.3B+7.1%
Operating income$7.1B+7.4%
Net income$5.5B-0.1%
EPS (diluted)$2.27-0.9%

Balance sheet

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Cash & equivalents$20.4B+9.9%
Total debt$49.0B-3.4%
Total equity$85.0B+8.3%
Total assets$201.06B+4.0%

Cash flow

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Operating cash flow$8.6B+122%
CapEx$1.3B+26.7%
Free cash flow$7.3B+157%

Valuation

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Market cap$617.78B+50.0%
Enterprise value$646.39B+45.5%
P/E29.4×+11.2×
P/S6.3×+1.8×

Profitability

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Gross margin67.9%0.0pp
Operating margin26.5%+2.8pp
Net margin21.5%-3.5pp
FCF margin22.7%+2.2pp

Returns & leverage

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Return on equity25.7%-4.5pp
Current ratio1.1×+0.1×

Where this comes from

Calculated from Johnson & Johnson’s reported figures.

Based on the most recent quarter.

The source filing: Johnson & Johnson’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000200406-26-000153

FAQ

What is Johnson & Johnson's debt-to-equity?
Johnson & Johnson (JNJ) reported debt-to-equity of 0.6× in Q2 2026.
How has Johnson & Johnson's debt-to-equity changed year-over-year?
Johnson & Johnson's debt-to-equity decreased by 10.8% year-over-year, from 0.6× to 0.6×.
What is the long-term trend for Johnson & Johnson's debt-to-equity?
Over 3 years (2022 to 2025), Johnson & Johnson's debt-to-equity has grown at a 4.3% compound annual growth rate (CAGR), from 0.5× to 0.6×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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