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Johnson & Johnson JNJ Return on invested capital

Return on invested capital at other companies

Abbott logo
AbbottABT
7.8%-6.6pp
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16.7%+8.4pp
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Tenet HealthcareTHC
30%+3.7pp
Pfizer logo
PfizerPFE
6%
Merck & Co. logo
Merck & Co.MRK
10.8%-12.8pp
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
2.6%-2.1pp

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.

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 return on invested capital?
Johnson & Johnson (JNJ) reported return on invested capital of 19.2% in Q2 2026.
How has Johnson & Johnson's return on invested capital changed year-over-year?
Johnson & Johnson's return on invested capital increased by 7.2% year-over-year, from 17.9% to 19.2%.
What is the long-term trend for Johnson & Johnson's return on invested capital?
Over 2 years (2023 to 2025), Johnson & Johnson's return on invested capital has grown at a 0.2% compound annual growth rate (CAGR), from 21% to 21.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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