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Johnson & Johnson JNJ Medtech Ortho Franchise — Restructuring

Other segment segments

Orthopaedics Restructuring Plan
$307M
MEDTECH
$100M+81.8%

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STEHealthcare Member — Restructuring Charges
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STECorporate and Other member — Restructuring expenses
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IRMedical — Restructuring And Related Cost Cost Incurred To Date1
$3.2M
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STEHealthcare and Life Sciences — Restructuring expenses
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IRMedical — Restructuring Charges
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TTMIOperating Segments — Restructuring Charges
$65K-93.1%

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$549.78B+47.3%
Enterprise value$583.08B+50.5%
P/E26.1×+9.0×
P/S5.7×+1.5×

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

Reported directly by Johnson & Johnson in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Johnson & Johnson’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Johnson & Johnson's medtech ortho franchise — restructuring?
Johnson & Johnson (JNJ) reported medtech ortho franchise — restructuring of $38M in Q4 2025.
How has Johnson & Johnson's medtech ortho franchise — restructuring changed year-over-year?
Johnson & Johnson's medtech ortho franchise — restructuring increased by 15.2% year-over-year, from $33M to $38M.
What is the long-term trend for Johnson & Johnson's medtech ortho franchise — restructuring?
Over 2 years (2023 to 2025), Johnson & Johnson's medtech ortho franchise — restructuring has grown at a -26.2% compound annual growth rate (CAGR), from $279M to $152M.
What does medtech ortho franchise — restructuring mean?
The costs associated with reorganizing and improving the efficiency of the Orthopedics business segment.
How do you interpret medtech ortho franchise — restructuring?
An increase suggests active efforts to streamline operations or integrate new technologies, while a decrease may indicate the completion of a restructuring phase.
How does medtech ortho franchise — restructuring compare across companies?
Peers in the medical device industry often report these as 'restructuring charges' or 'special items' within segment-level operating expenses, making them comparable to similar transformation costs at companies like Stryker or Zimmer Biomet.