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Johnson & Johnson JNJ Orthopaedics Restructuring Plan — Restructuring

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Innovative Medicine
$200M
Medtech Ortho Franchise
$152M+15.2%
MEDTECH
$17M-66.0%

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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$620.77B+51.1%
Enterprise value$649.38B+46.6%
P/E29.5×+11.4×
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
Debt / equity0.6×-0.1×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Johnson & Johnson in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The source filing: Johnson & Johnson’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000200406-26-000016
(Pre-tax Dollars in Millions)2024
MedTech Segment Surgery franchise(1)$205
MedTech Segment Orthopaedics franchise(2)307319
Innovative Medicine Segment(3)479
Total Programs$512798

Item 8. Financial statements and supplementary data

FAQ

What is Johnson & Johnson's orthopaedics restructuring plan — restructuring?
Johnson & Johnson (JNJ) reported orthopaedics restructuring plan — restructuring of $76.75M in Q4 2025.
What does orthopaedics restructuring plan — restructuring mean?
This metric represents the specific costs and financial impacts associated with the strategic reorganization and operational streamlining of the orthopaedics business unit. It captures expenses related to workforce adjustments, facility consolidations, and process optimization initiatives designed to improve long-term segment profitability. By isolating these costs, investors can better assess the underlying performance of the core orthopaedics franchise versus one-time transformation expenditures.

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