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Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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
Debt / equity0.6×-0.1×
Current ratio1.1×+0.1×

Where this comes from

Calculated from Johnson & Johnson’s reported figures.

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 net debt?
Johnson & Johnson (JNJ) reported net debt of $28.61B in Q2 2026.
How has Johnson & Johnson's net debt changed year-over-year?
Johnson & Johnson's net debt decreased by 11.1% year-over-year, from $32.18B to $28.61B.
What is the long-term trend for Johnson & Johnson's net debt?
Over 5 years (2020 to 2025), Johnson & Johnson's net debt has grown at a 5.8% compound annual growth rate (CAGR), from $22.38B to $29.62B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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