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Johnson & Johnson JNJ Operating margin

Operating margin at other companies

Abbott logo
AbbottABT
15.8%-1.7pp
Tenet Healthcare logo
Tenet HealthcareTHC
20.8%+3.0pp
Procter & Gamble logo
Procter & GamblePG
22.7%-1.6pp
Stryker logo
StrykerSYK
21.4%+6.2pp
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
11.8%-7.2pp
Merit Medical Systems logo
Merit Medical SystemsMMSI
12.2%+0.6pp

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
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.

Based on trailing twelve months.

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 operating margin?
Johnson & Johnson (JNJ) reported operating margin of 26.5% in Q2 2026.
How has Johnson & Johnson's operating margin changed year-over-year?
Johnson & Johnson's operating margin increased by 11.9% year-over-year, from 23.7% to 26.5%.
What is the long-term trend for Johnson & Johnson's operating margin?
Over 5 years (2020 to 2025), Johnson & Johnson's operating margin has grown at a 2.8% compound annual growth rate (CAGR), from 23.4% to 26.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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