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Johnson & Johnson JNJ Free cash flow margin

Free cash flow margin at other companies

Abbott logo
AbbottABT
16.3%+0.6pp
Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
24.6%-2.9pp
Pfizer logo
PfizerPFE
18%+8.8pp
Procter & Gamble logo
Procter & GamblePG
17.3%-0.6pp
Merck & Co. logo
Merck & Co.MRK
21.5%-5.2pp
Stryker logo
StrykerSYK
18.1%+2.7pp

Other financials

Income statement

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Revenue$24.1B+9.9%
Gross profit$16.0B+9.8%
Operating income$6.3B+2.4%
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+32.0%
Free cash flow$1.5B-56.6%

Valuation

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Market cap$563.77B+47.3%
Enterprise value$597.07B+50.5%
P/E26.8×+9.3×
P/S5.9×+1.6×

Profitability

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Gross margin67.8%-0.5pp
Operating margin26.4%+2.8pp
Net margin21.8%-2.6pp

Returns & leverage

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Return on equity26.4%-3.0pp
Debt / equity0.7×0.0×
Current ratio-0.2×

Where this comes from

Calculated from Johnson & Johnson’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Johnson & Johnson (JNJ) reported free cash flow margin of 18.5% in Q1 2026.
How has Johnson & Johnson's free cash flow margin changed year-over-year?
Johnson & Johnson's free cash flow margin decreased by 19.1% year-over-year, from 22.8% to 18.5%.
What is the long-term trend for Johnson & Johnson's free cash flow margin?
Over 4 years (2021 to 2025), Johnson & Johnson's free cash flow margin has grown at a -3.8% compound annual growth rate (CAGR), from 99.7% to 85.5%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.