OakChart

Johnson & Johnson

JNJHealthcare·Drug Manufacturers - General·USA·Mega·NYSE·Nov 11 • 3:59 PM ET

280.41-0.37 (-0.13%)
2026-11-11 23:32 CET
Market cap
675,924.50 USD m
Revenue, TTM
99,347.00 USD m
Net income, TTM
16,095.00 USD m
Free cash flow, TTM
20,590.00 USD m
EPS diluted, TTM
6.59
P/E
42.54
Compare

Price

JNJ against its 20, 50 and 200-day averages
2050200miss
220.00240.00260.00280.009.5M19.0MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26JNJclose 280.4120-day 268.5350-day 266.55200-day 249.22280.41

1.0% under the 52-week high of 283.25 on 10 Nov 2026. 52-week low 189.05 on 11 Nov 2025. Last 15 sessions, 9.3% high to low

Volume 0.78× normal · the line is the 50-bar volume average

Profile

JNJ
52-week range, 97% of the way up
189.05283.25

Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The MedTech segment includes a portfolio of products used in interventional solutions, orthopaedics, surgery, and vision categories. The company was founded by Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson Sr. in 1887 and is headquartered in New Brunswick, NJ.

IndexDJIA, S&P 500, RUI
Employees140800
IPOSep 25, 1944
Beta0.20
ATR, 14d6.93
Rel volume0.78
Short float0.71%
Insider own0.12%
Inst own77.48%

Snapshot

6 groups

Valuation

IndexDJIA, S&P 500, RUI
Market Cap675.03B
Enterprise Value702.46B
Income16.09B
Sales99.35B
Book/sh33.87
Cash/sh7.16
Dividend Est.5.34 (1.91%)
Dividend TTM5.28 (1.88%)
Dividend Ex-DateNov 24, 2026
Dividend Gr. 3/5Y4.92% 5.25%
Payout46.59%
Employees140800
IPOSep 25, 1944

Ratios

P/E42.54
Forward P/E24.19
PEG2.72
P/S6.79
P/B8.28
P/C39.18
P/FCF32.78
EV/EBITDA20.80
EV/Sales7.07
Quick Ratio0.74
Current Ratio1.02
Debt/Eq0.55
LT Debt/Eq0.44
Option/ShortYes / Yes

Earnings

EPS (ttm)6.59
EPS next Y11.59
EPS next Q2.91
EPS this Y3.00%
EPS next Y4.31%
EPS next 5Y8.89%
EPS past 3/5Y17.88% 14.90%
Sales past 3/5Y5.56% 2.67%
EPS Y/Y TTM-35.95%
Sales Y/Y TTM7.81%
EPS Q/Q-95.96%
Sales Q/Q5.87%
EarningsOct 13 BMO
EPS/Sales Surpr.2.68% 0.06%

Ownership

Insider Own0.12%
Insider Trans-8.53%
Inst Own77.48%
Inst Trans0.00%
ROA8.25%
ROE20.02%
ROIC13.72%
Gross Margin67.65%
Oper. Margin25.85%
Profit Margin16.20%
SMA204.43%
SMA505.20%
SMA20012.52%
Trades-

Technical

Shs Outstand2.41B
Shs Float2.40B
Short Float0.71%
Short Ratio2.44
Short Interest17.07M
52W High283.25 -1.00%
52W Low189.05 48.33%
Volatility3.06% 2.58%
ATR (14)6.93
RSI (14)61.58
Beta0.20
Rel Volume0.78
Avg Volume6.98M
Volume5,432,723

Performance

Perf Week1.48%
Perf Month12.79%
Perf Quarter6.99%
Perf Half Y21.70%
Perf YTD35.50%
Perf Year44.67%
Perf 3Y90.43%
Perf 5Y71.97%
Perf 10Y136.69%
Recom1.93
Target Price283.67
Prev Close280.78
Price280.41
Change %-0.13%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 21, 2026DowngradeEErste GroupBuy → Hold
Sep 02, 2026ResumedUUBSBuy$320+14.1%
May 13, 2026UpgradeLLeerink PartnersMarket Perform → Outperform$265-5.5%
Apr 08, 2026ResumedTTD CowenBuy$250-10.8%
Jan 28, 2026UpgradeMMorgan StanleyEqual-Weight → Overweight$262-6.6%
Nov 13, 2025InitiatedBScotiabankSector Outperform$230-18.0%
Oct 20, 2025UpgradeDDaiwa SecuritiesNeutral → Outperform$203-27.6%
Oct 03, 2025UpgradeWWells FargoEqual Weight → Overweight$212-24.4%
Sep 23, 2025UpgradeGGuggenheimNeutral → Buy$206-26.5%
Jul 23, 2025UpgradeEErste GroupHold → Buy

Peers

Mkt cap
TickerCompanyMkt cap
ABBVAbbvie Inc521.41B
MRKMerck & Co Inc362.83B
NVSNovartis AG ADR293.47B
AZNAstrazeneca plc287.66B
BMYBristol-Myers Squibb Co128.59B
PFEPfizer Inc167.86B
LLYLilly(Eli) & Co1352.12B
SNYSanofi ADR115.43B
AMGNAMGEN Inc253.21B
ABTAbbott Laboratories189.28B

Insider trading

latest 14 of 71
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Schmid TimothyEVP, WW Chair, MedTechSep 02 '26Option Exercise144.9933,5974,871,38947,974Sep 04 09:08 AM
Schmid TimothyEVP, WW Chair, MedTechSep 02 '26Sale274.7433,5979,230,44025,447Sep 04 09:08 AM
Schmid TimothyOfficerSep 02 '26Proposed Sale274.7433,5979,230,440Sep 02 11:26 AM
Taubert Jennifer LEVP, WWC. Innovative MedicineAug 17 '26Option Exercise115.6715,0001,735,050209,451Aug 18 06:31 PM
Taubert Jennifer LEVP, WWC. Innovative MedicineAug 17 '26Sale263.3615,0003,950,400194,451Aug 18 06:31 PM
Taubert Jennifer LOfficerAug 17 '26Proposed Sale263.3615,0003,950,418Aug 17 12:51 PM
Duato JoaquinCEO and Chairman of the BoardAug 13 '26Option Exercise115.67123,29114,261,070399,258Aug 14 04:35 PM
Duato JoaquinCEO and Chairman of the BoardAug 13 '26Sale261.17123,29132,199,927275,967Aug 14 04:35 PM
Duato JoaquinOfficerAug 13 '26Proposed Sale261.17123,29132,199,927Aug 13 02:12 PM
Duato JoaquinCEO and Chairman of the BoardAug 05 '26Sale258.1548,48012,515,010275,967Aug 07 05:50 PM
Forminard ElizabethEVP, Chief Legal OfficerAug 06 '26Option Exercise131.949,3441,232,84732,912Aug 07 05:44 PM
Forminard ElizabethEVP, Chief Legal OfficerAug 06 '26Sale257.0015,9184,090,96016,994Aug 07 05:44 PM
Forminard ElizabethOfficerAug 06 '26Proposed Sale257.0015,9184,090,957Aug 06 02:02 PM
Joaquin DuatoCEO, CharimanAug 05 '26Proposed Sale254.9348,48012,359,006Aug 05 06:07 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLVState Street Health Care Select Sector SPDR ETFAUM: 50.35B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
VHTVanguard Health Care ETFAUM: 21.51B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-132.5902.5220.09025,39925,38315
2026Q22026-07-152.9002.8552.26825,31025,06217
2026Q12026-04-142.7002.6772.14124,06223,61518
2025Q42026-01-212.4602.4632.09824,56424,14819
2025Q32025-10-142.8002.7572.12123,99323,75518
2025Q22025-07-162.7702.6822.28923,74322,85417
2025Q12025-04-152.7702.5814.53821,89321,55917
2024Q42025-01-222.0401.9921.41422,52022,43116
2024Q32024-10-152.4202.2071.11022,47122,17216
2024Q22024-07-172.8202.7111.93522,44722,33017
2024Q12024-04-162.7102.6561.33921,38321,40116
2023Q42024-01-232.2902.2811.66621,39521,02215
2023Q32023-10-172.6602.5161.97821,35121,03614
2023Q22023-07-202.8002.6171.95925,53024,63417
2023Q12023-04-182.6802.503-0.02624,74623,59917
2022Q42023-01-242.3502.2371.32823,70623,88016

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY8.6808.6695.63282,05982,128
2020FY8.0307.9965.50982,58481,795
2021FY9.8009.8327.80893,77594,449
2022FY10.15010.0466.73594,94395,019
2023FY9.9209.9185.53485,15984,747
2024FY9.9809.9505.79088,82188,777
2025FY10.79010.80311.03094,19393,759
2026FY-11.114--101,223
2027FY-11.593--107,767
2028FY-13.931--116,594
2029FY-15.561--125,346
2030FY-17.437--135,218

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-06150326,42026,22926,683
2026Q4S2026-10-26150326,42026,22926,683
2026Q4S2026-10-23150326,42026,22926,683
2026Q4S2026-10-16150326,42026,22926,683
2026Q4S2026-10-14150326,44326,22926,683
2026Q4S2026-10-13150326,45026,22926,683
2026Q4S2026-10-09150326,45426,14726,755
2026Q4S2026-10-08150326,45526,14726,755
2026Q4S2026-10-05151226,49026,14726,922
2026Q4S2026-10-01151126,51326,30926,922
2026Q4S2026-09-29151126,51526,30926,922
2026Q4S2026-09-28151126,50926,30926,922
2026Q4S2026-09-24153226,50326,30926,922
2026Q4S2026-09-18153226,50326,30926,922

Estimate history

EPS, annual0.475.615.6325.5097.8086.7355.5345.7911.0336.5922
Period201720182019202020212022202320242025TTM
EPS, quarterly1.111.4144.5382.2892.1212.0982.1412.2680.086
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual76481815348211382572937588006285152888199417899347
Period201720182019202020212022202320242025TTM
Sales, quarterly224702251921894237412399224562240682531725400
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual2682.5252662.3242632.5072632.5122628.9652613.5972407.0782406.9222407.9392407.118
Period201720182019202020212022202320242025MRQ
Shares, quarterly2407.2982406.9222405.6252406.7792406.1952407.9392406.5852408.2282407.118
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue99,347.0094,178.0088,819.0085,152.0080,062.0093,758.0082,572.0082,113.0081,534.00
Cost of Goods Sold Incl. D&A32,142.0029,552.0027,862.0026,430.0024,325.0029,874.0027,998.0027,135.0027,186.00
Gross Profit67,205.0064,626.0060,957.0058,722.0055,737.0063,884.0054,574.0054,978.0054,348.00
Selling, General and Administrative Excl. Other41,528.0038,502.0040,134.0036,560.0034,530.0039,403.0034,106.0033,428.0033,095.00
Research and Development16,024.0014,826.0017,265.0015,048.0014,284.0014,744.0012,022.0011,250.0010,555.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income25,677.0026,124.0020,823.0022,162.0021,207.0024,481.0020,468.0021,550.0021,253.00
Interest Expense1,620.001,490.001,150.001,177.00841.00759.00724.00769.001,194.00
Unusual Expense9,369.60-5,424.006,241.809,309.303,662.203,350.003,876.006,008.004,138.00
Net Income Before Taxes17,737.0032,581.0016,687.0015,062.0019,359.0022,776.0016,497.0017,328.0017,999.00
Income Taxes1,642.005,777.002,621.001,736.002,989.001,898.001,783.002,209.002,702.00
Consolidated Net Income16,095.0026,804.0014,066.0013,326.0016,370.0020,878.0014,714.0015,119.0015,297.00
Net Income From Continuing Operations16,095.0026,804.0014,066.0013,326.0016,370.0020,878.0014,714.0015,119.0015,297.00
Net Income16,095.0026,804.0014,066.0014,169.0017,941.0020,878.0014,714.0015,119.0015,297.00
EPS (Recurring)9.259.477.598.087.708.686.537.206.67
EPS (Basic, Before Extraordinaries)6.6811.135.845.596.837.935.595.725.70
EPS (Diluted)6.5911.035.795.536.737.815.515.635.61
EBITDA33,768.0033,627.0028,162.0029,648.0028,177.0031,871.0027,699.0028,559.0028,182.00
Non-Operating Income (Expense)3,049.602,523.003,255.803,386.302,655.202,404.00629.002,555.002,078.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense4,177.521,117.00925.00866.00851.00917.00795.00750.00786.00
Price To Earnings Ratio42.5942.5923.9129.9224.5921.9028.5525.9023.00
Price To Sales Ratio6.685.363.974.715.884.885.094.764.26
Gross Margin67.6568.6268.6368.9669.6268.1466.0966.9566.66
Operating Margin25.8527.7423.4426.0326.4926.1124.7926.2426.07
Net Margin16.2028.4615.8416.6422.4122.2717.8218.4118.76
Shares Outstanding2,407.122,407.942,406.922,407.082,613.602,628.972,632.512,632.512,662.32
Market Capitalization675,924.50675,924.50348,190.00377,317.07461,847.89450,358.88414,309.15383,910.88346,109.52

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue25,400.0025,317.0024,068.0024,562.0023,992.0023,741.0021,894.0022,519.00
Cost of Goods Sold Incl. D&A8,100.007,916.007,964.008,162.007,265.007,481.007,259.007,231.00
Gross Profit17,300.0017,401.0016,104.0016,400.0016,727.0016,260.0014,635.0015,288.00
Selling, General and Administrative Excl. Other10,943.0010,035.009,529.0011,021.009,615.009,421.008,338.0011,772.00
Research and Development4,658.003,603.003,495.004,268.003,693.003,532.003,226.005,319.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income6,357.007,366.006,575.005,379.007,112.006,839.006,297.003,516.00
Interest Expense349.00363.00418.00490.00377.00432.00287.00268.00
Unusual Expense6,444.001,127.00766.001,032.6039.70450.00-6,820.00-34.00
Net Income Before Taxes34.006,747.005,990.004,966.007,493.006,491.0013,631.003,887.00
Income Taxes-176.001,213.00755.00-150.002,341.00954.002,632.00456.00
Consolidated Net Income210.005,534.005,235.005,116.005,152.005,537.0010,999.003,431.00
Net Income From Continuing Operations210.005,534.005,235.005,116.005,152.005,537.0010,999.003,431.00
Net Income210.005,534.005,235.005,116.005,152.005,537.0010,999.003,431.00
EPS (Recurring)1.932.592.362.392.132.422.571.40
EPS (Basic, Before Extraordinaries)0.092.302.172.122.142.304.571.43
EPS (Diluted)0.092.272.142.102.122.294.541.41
EBITDA8,474.009,325.008,579.007,390.008,889.008,782.008,069.005,412.00
Non-Operating Income (Expense)470.00871.00599.001,109.60797.70534.00801.00605.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense869.79645.431,163.671,498.631,279.80410.01582.23285.98
Price To Earnings Ratio42.5929.3622.1319.9719.8316.9828.6123.91
Price To Sales Ratio6.686.346.105.384.744.074.443.96
Gross Margin68.1168.7366.9166.7769.7268.4966.8467.89
Operating Margin25.0329.1027.3221.9029.6428.8128.7615.61
Net Margin0.8321.8621.7520.8321.4723.3250.2415.24
Shares Outstanding2,407.122,408.232,406.592,407.942,406.202,406.782,405.622,406.92
Market Capitalization675,924.50611,361.66589,075.96498,604.64446,554.40367,527.19399,649.52348,190.00

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments20,102.0024,522.0022,927.0022,281.0031,608.0025,185.0019,287.0019,687.0018,296.00
Short Term Receivables17,178.0014,842.0014,873.0014,039.0015,283.0013,576.0014,481.0014,098.0013,490.00
Inventories14,191.0012,444.0011,181.0010,268.0010,387.009,344.009,020.008,599.008,765.00
Other Current Assets4,153.004,085.004,514.008,706.003,701.003,132.002,486.003,649.002,537.00
Total Current Assets55,624.0055,893.0053,495.0055,294.0060,979.0051,237.0045,274.0046,033.0043,088.00
Net Property, Plant & Equipment24,469.0021,618.0020,898.0018,982.0019,862.0019,766.0018,615.0017,035.0017,005.00
Total Investments and Advances665.00451.004,473.00576.001,884.001,481.001,148.00511.00751.00
Intangible Assets99,175.0081,818.0070,733.0074,536.0081,638.0089,795.0081,282.0078,064.0085,134.00
Deferred Tax Assets6,874.0010,461.009,279.008,947.0010,223.008,534.007,819.007,640.007,105.00
Other Assets12,403.009,863.008,680.0029,043.007,432.004,081.003,590.003,671.004,220.00
Total Assets199,210.00180,104.00167,558.00187,378.00182,018.00174,894.00157,728.00152,954.00157,303.00
Short Term Debt Incl. Current Port. of LT Debt8,495.005,983.003,451.0012,756.003,766.002,631.001,471.002,796.003,906.00
Accounts Payable11,991.0010,311.009,632.009,889.0011,055.009,505.008,544.007,537.007,310.00
Income Tax Payable1,388.003,772.002,993.002,220.001,112.001,392.002,266.00818.001,854.00
Other Current Liabilities32,252.0030,255.0030,206.0030,937.0029,293.0028,965.0023,683.0020,079.0017,467.00
Total Current Liabilities54,126.0050,321.0046,282.0055,802.0045,226.0042,493.0035,964.0031,230.0030,537.00
Long Term Debt40,838.0031,851.0026,981.0027,986.0030,985.0033,735.0027,210.0027,684.0030,675.00
Provision for Risks Charges6,957.007,255.007,149.006,542.008,898.0010,771.0010,663.009,951.0010,074.00
Deferred Tax Liabilities6,791.002,448.003,193.003,991.007,487.007,214.005,958.007,506.008,368.00
Other Liabilities8,954.0016,739.0015,179.0016,253.0015,399.0017,403.0018,462.0016,831.0017,489.00
Total Liabilities117,666.00108,614.0098,784.00110,574.00107,995.00111,616.0098,257.0093,202.0097,143.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity81,544.0071,490.0068,774.0076,804.0074,023.0063,278.0059,471.0059,752.0060,160.00
Total Shareholders Equity81,544.0071,490.0068,774.0076,804.0074,023.0063,278.0059,471.0059,752.0060,160.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity81,544.0071,490.0068,774.0076,804.0074,023.0063,278.0059,471.0059,752.0060,160.00
Total Liabilities & Stockholders Equity199,210.00180,104.00167,558.00187,378.00182,018.00174,894.00157,728.00152,954.00157,303.00
Book Value Per Share33.8629.7028.5729.3928.1624.0422.5922.4422.43
Tangible Book Value Per Share-7.32-4.29-0.810.87-2.90-10.07-8.29-6.88-9.31
Full-Time Employees140,800139,800131,900152,700141,700134,500132,200135,100134,000
Price to Book Ratio8.294.965.306.206.086.556.465.755.07
Return on Assets14.138.097.518.8611.708.859.739.860.87
Return on Equity35.0320.0618.3121.7130.4123.9725.3625.511.99
Return on Invested Capital21.9013.6114.8017.1219.8815.1717.4417.501.43
Quick Ratio0.770.860.910.811.120.991.011.201.12
Current Ratio1.031.111.160.991.351.211.261.471.41

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income16,095.0026,804.0014,066.0035,153.0017,941.0020,878.0014,714.0015,119.0015,297.00
Depreciation8,091.007,503.007,339.007,486.006,970.007,390.007,231.007,009.006,929.00
Other Funds (Non Cash)3,121.001,403.003,207.00-18,161.001,957.001,459.0042.00-101.00988.00
Funds from Operations21,520.0037,248.0022,429.0020,284.0025,205.0027,648.0020,846.0019,551.0022,198.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital4,639.00-12,718.001,837.002,507.00-4,011.00-4,238.002,690.003,865.003.00
Cash from Operating Activities26,159.0024,530.0024,266.0022,791.0021,194.0023,410.0023,536.0023,416.0022,201.00
Capital Expenditures-6,179.00-4,832.00-4,424.00-4,543.00-4,009.00-3,652.00-3,347.00-3,498.00-3,670.00
Net Assets From Acquisitions-3,434.00-17,541.00-15,146.000.00-17,652.00-60.00-7,323.00-5,810.00-899.00
Sale of Fixed Assets and Businesses400.00720.00675.00358.00543.00711.00305.003,265.003,203.00
Purchase or Sale of Investments-566.00741.00736.008,484.009,225.00-5,388.00-8,952.00-533.00-1,337.00
Purchase of Investments-1,461.00-920.00-1,726.00-10,906.00-32,384.00-30,394.00-21,089.00-3,920.00-5,626.00
Sale Or Maturity of Investments895.001,661.002,462.0019,390.0041,609.0025,006.0012,137.003,387.004,289.00
Other Uses-438.00-2,676.00-1,957.00-3,433.00-478.00-508.00-1,508.000.00-464.00
Other Sources873.000.001,517.0012.000.00214.000.00382.000.00
Cash from Investing Activities-9,344.00-23,588.00-18,599.00878.00-12,371.00-8,683.00-20,825.00-6,194.00-3,167.00
Cash Dividends Paid-12,716.00-12,381.00-11,823.00-11,770.00-11,682.00-11,032.00-10,481.00-9,917.00-9,494.00
Change in Capital Stock-4,021.00-2,535.00-1,594.008,328.00-4,706.00-2,420.00-2,107.00-5,792.00-4,919.00
Repurchase of Common Pref Stock-7,882.00-5,953.00-2,432.00-5,054.00-6,035.00-3,456.00-3,221.00-6,746.00-5,868.00
Sale of Common Pref Stock3,861.003,418.00838.0013,382.001,329.001,036.001,114.00954.00949.00
Proceedsfrom Stock Options0.000.000.0012,288.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-787.009,637.0010,051.00-10,781.007,452.00-990.007,095.00-2,881.00-3,949.00
Change in Long Term Debt-2,006.007,381.005,207.00-1,551.00-2,132.00-1,797.006,367.00-2,820.00-1,550.00
Issuance of Long Term Debt0.009,138.006,660.000.002.005.007,431.003.005.00
Reduction of Long Term Debt-2,006.00-1,757.00-1,453.00-1,551.00-2,134.00-1,802.00-1,064.00-2,823.00-1,555.00
Net Financing Active Other Cash Flow-625.00-260.00234.00-1,602.0065.00395.00-627.00575.00-148.00
Other Financing Activities Uses-625.00-260.00-38.00-1,602.00-28.000.00-627.000.00-148.00
Cash from Financing Activities-18,149.00-5,539.00-3,132.00-15,825.00-8,871.00-14,047.00-6,120.00-18,015.00-18,510.00
Exchange Rate Effect13.00201.00-289.00-112.00-312.00-178.0089.00-9.00-241.00
Net Change in Cash-1,321.00-4,396.002,246.007,732.00-360.00502.00-3,320.00-802.00283.00
Free Cash Flow20,590.0019,698.0019,842.0018,248.0017,185.0019,758.0020,189.0019,918.0018,531.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow84.3468.9443.9461.9585.5152.4243.3039.1238.43
Deferred Taxes & Investment Tax Credit-1,538.00-2,183.00-4,194.00-1,663.00-2,079.00-1,141.00-2,476.00-1,016.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments17,228.0020,758.0022,051.0020,102.0018,562.0018,880.00
Short Term Receivables18,987.0019,046.0017,721.0017,178.0017,611.0017,846.00
Inventories15,377.0015,144.0014,583.0014,191.0014,146.0013,412.00
Other Current Assets4,759.004,826.004,818.004,153.004,292.004,360.00
Total Current Assets56,351.0059,774.0059,173.0055,624.0054,611.0054,498.00
Net Property, Plant & Equipment24,104.0023,582.0023,270.0024,469.0022,338.0021,949.00
Total Investments and Advances824.00803.00703.00665.00573.00453.00
Intangible Assets95,126.0096,708.0097,619.0099,175.0096,785.0097,952.00
Deferred Tax Assets6,748.006,728.006,727.006,874.006,666.006,801.00
Other Assets14,272.0013,466.0013,402.0012,403.0011,843.0011,736.00
Total Assets197,425.00201,061.00200,894.00199,210.00192,816.00193,389.00
Short Term Debt Incl. Current Port. of LT Debt8,852.0011,692.0017,460.008,495.006,387.0011,526.00
Accounts Payable9,317.009,223.0010,460.0011,991.009,625.009,464.00
Income Tax Payable1,976.001,051.001,087.001,388.001,928.001,665.00
Other Current Liabilities35,312.0032,929.0028,709.0032,252.0032,929.0031,525.00
Total Current Liabilities55,457.0054,895.0057,716.0054,126.0050,869.0054,180.00
Long Term Debt35,799.0037,344.0037,527.0040,838.0039,408.0039,235.00
Provision for Risks Charges6,559.006,657.006,760.006,957.006,930.007,021.00
Deferred Tax Liabilities4,835.006,608.007,011.006,791.005,988.003,799.00
Other Liabilities13,246.0010,586.0010,694.008,954.0010,344.0010,681.00
Total Liabilities115,896.00116,090.00119,708.00117,666.00113,539.00114,916.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity81,529.0084,971.0081,186.0081,544.0079,277.0078,473.00
Total Shareholders Equity81,529.0084,971.0081,186.0081,544.0079,277.0078,473.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity81,529.0084,971.0081,186.0081,544.0079,277.0078,473.00
Total Liabilities & Stockholders Equity197,425.00201,061.00200,894.00199,210.00192,816.00193,389.00
Book Value Per Share33.8735.2833.7333.8632.9532.60
Tangible Book Value Per Share-5.65-4.87-6.83-7.32-7.28-8.09
Full-Time Employees---140,800--
Price to Book Ratio8.297.537.226.285.694.70
Return on Assets8.2510.6710.6614.1313.5412.10
Return on Equity20.0225.7426.4235.0333.6230.21
Return on Invested Capital0.184.524.414.184.344.70
Quick Ratio0.740.810.770.770.800.76
Current Ratio1.021.091.031.031.071.01

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income210.005,534.005,235.005,116.005,152.005,537.00
Depreciation2,117.001,959.002,004.002,011.001,777.001,943.00
Other Funds (Non Cash)1,933.00583.00342.00263.00391.00494.00
Funds from Operations2,470.007,597.007,740.003,713.009,538.008,799.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital5,250.001,019.00-5,226.003,596.00-369.00-4,921.00
Cash from Operating Activities7,720.008,616.002,514.007,309.009,169.003,878.00
Capital Expenditures-2,357.00-1,321.00-1,049.00-1,452.00-1,173.00-1,398.00
Net Assets From Acquisitions-89.00-263.000.00-3,082.00-1.00-14,458.00
Sale of Fixed Assets and Businesses-4.0063.0029.00312.0076.0053.00
Purchase or Sale of Investments-611.004.0065.00-24.00243.00555.00
Purchase of Investments-919.00-155.00-144.00-243.00-246.00-180.00
Sale Or Maturity of Investments308.00159.00209.00219.00489.00735.00
Other Uses-6.00-108.00-85.00-239.00313.00-2,720.00
Other Sources358.00515.000.000.00--
Cash from Investing Activities-2,709.00-1,110.00-1,040.00-4,485.00-542.00-18,264.00
Cash Dividends Paid-3,227.00-3,227.00-3,131.00-3,131.00-3,132.00-3,129.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-966.00138.00-2,856.00-337.00-628.00107.00
Repurchase of Common Pref Stock-1,709.00-221.00-4,028.00-1,924.00-1,902.000.00
Sale of Common Pref Stock743.00359.001,172.001,587.001,274.00107.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-4,358.00-5,748.007,214.002,105.00-5,143.00-2,376.00
Change in Long Term Debt-1.00-1.00-2,002.00-2.00-1,001.00-3.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt-1.00-1.00-2,002.00-2.00-1,001.00-3.00
Net Financing Active Other Cash Flow18.0060.00-697.00-6.00-24.00-267.00
Other Financing Activities Uses18.0060.00-697.00-6.0017.00-268.00
Cash from Financing Activities-8,533.00-8,777.00530.00-1,369.00-8,927.00-5,665.00
Exchange Rate Effect10.005.00-25.0023.00-46.00154.00
Net Change in Cash-3,512.00-1,266.001,979.001,478.00-346.00-19,897.00
Free Cash Flow6,358.007,295.001,465.005,472.008,012.002,835.00
Price to Free Cash Flow84.3464.57111.7669.2159.2857.06

Revenue breakdown

Asia-Pacific and Africa2024: 13.59B 2025: 14.03B
Europe2024: 20.21B 2025: 21.54B
United States2024: 50.30B 2025: 53.75B
Western Hemisphere excluding US2024: 4.71B 2025: 4.88B
Innovative Medicine2024: 56.96B 2025: 60.40B
MedTech2024: 31.86B 2025: 33.79B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.71%17.1M2404.4M6.89M
2026-10-150.70%16.8M2404.4M7.15M
2026-09-300.92%22.1M2407.0M6.97M
2026-09-150.88%21.2M2407.0M7.60M
2026-08-310.90%21.7M2406.6M7.85M
2026-08-140.90%21.6M2406.6M8.15M
2026-07-311.06%25.4M2406.7M8.25M
2026-07-151.14%27.4M2404.0M8.18M
2026-06-301.11%26.6M2404.0M8.11M
2026-06-151.11%26.7M2401.9M7.70M
2026-05-290.97%23.4M2404.0M7.70M
2026-05-150.96%23.0M2404.0M7.99M
2026-04-300.93%22.3M2403.8M8.26M
2026-04-150.82%19.7M2405.3M8.62M
2026-03-310.93%22.3M2405.4M8.90M
2026-03-130.97%23.3M2406.7M8.82M
2026-02-271.04%25.1M2406.7M8.95M
2026-02-130.86%20.8M2406.7M9.18M
2026-01-300.81%19.6M2406.4M8.88M
2026-01-150.89%21.3M2406.4M8.50M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call140139.05142.4140.126.2852.000.000.999-0.0350.000
call145134.05137.1135.125.7263.000.000.999-0.0350.000
call150129.05132.4131.55.7433.000.000.999-0.0360.000
call155124.05127.4125.075.4853.000.000.999-0.0360.000
call160119.5121.8120.074.7921.000.000.999-0.0370.000
call165114.05117.05115.824.7181.000.000.999-0.0370.001
call170109.55112.4111.84.7802.000.000.999-0.0370.001
call175104.05106.9106.84.1892.000.000.999-0.0380.001
call18099.05102.40.004.2550.000.000.999-0.0380.001
call18594.5097.400.004.0370.000.000.999-0.0380.001
call19089.8092.200.003.7130.000.000.999-0.0390.001
call19584.1087.400.003.6170.000.000.999-0.0390.001
call20079.8082.2075.463.31010.000.000.999-0.0390.001
call20573.8577.450.003.2690.000.000.999-0.0400.001
call21069.0572.400.002.9970.000.000.999-0.0400.001
call21564.0567.450.002.8220.000.000.999-0.0400.001
call22059.0561.9053.002.4351.000.000.998-0.0400.001
call22554.6057.450.002.4430.000.000.998-0.0400.001
call23049.0552.2547.732.1946.004.000.998-0.0410.001
call232.547.1050.0048.882.2061.000.000.997-0.0640.002
call23544.8046.8547.031.8882.000.000.996-0.0640.002
call237.541.4044.9544.532.0201.000.000.996-0.0640.002
call24039.6042.4533.251.9262.000.000.996-0.0640.002
call242.537.1039.9531.001.8711.000.000.994-0.0840.003
call24534.1037.4536.001.70317.000.000.994-0.0830.003
call247.531.6035.000.001.6470.000.000.993-0.0830.004
call25029.3532.0531.091.4213954.000.993-0.0820.004
call252.527.1029.950.001.4610.000.000.992-0.0830.004
call25524.6027.1522.831.26785.001.000.988-0.1110.006
call257.522.1024.7022.271.18733.000.000.978-0.1870.011
call26019.5522.2017.311.0951991.000.967-0.2460.015
call262.517.1519.5515.050.97225.000.000.956-0.2940.019
call26514.9016.9515.470.8603761.000.944-0.3220.022
call267.512.2014.6510.790.80335.002.000.905-0.4850.034
call2709.7512.308.470.7304558.000.873-0.5450.041
call272.57.6010.007.670.65813930.000.796-0.7730.056
call2755.157.756.450.58446331.000.738-0.7850.065
call277.53.654.804.400.42221691.000.650-0.7900.074
call2802.442.952.890.3937922,3250.526-0.7620.079
call282.51.202.091.590.3826215910.394-0.7990.076
call2850.630.930.950.3311,1001960.270-0.6670.066
call287.50.180.400.350.31231847.000.159-0.4620.048
call2900.110.220.180.3371,0953690.105-0.3720.036
call292.50.060.300.070.40076784.000.095-0.4130.034
call2950.000.060.060.35762234.000.047-0.2270.020
call297.50.000.360.030.40625.009.000.045-0.2490.019
call3000.020.120.010.4541347.000.035-0.2200.015
call302.50.000.680.380.5013.000.000.023-0.1570.011
call3050.000.670.040.54741.000.000.020-0.1470.009
call307.50.000.670.010.5926.000.000.016-0.1290.008
call3100.000.670.010.6364.000.000.014-0.1210.007
call3150.000.670.110.7231.000.000.012-0.1250.006
call3200.000.110.000.7550.000.000.006-0.0690.004
call3250.000.670.000.8870.000.000.010-0.1310.005
call3300.000.670.000.9660.000.000.009-0.1330.005
call3350.000.670.001.0430.000.000.009-0.1360.005
call3400.000.670.001.1170.000.000.008-0.1370.005
call3450.000.010.741.0051.000.000.011-0.1270.007
put1400.000.920.143.1192.000.00-0.001-0.0340.000
put1450.000.920.012.96916.002.00-0.001-0.0340.000
put1500.000.750.012.8247.000.00-0.001-0.0340.000
put1550.000.920.082.68411.000.00-0.001-0.0340.000
put1600.000.920.092.54911.000.00-0.001-0.0330.000
put1650.000.920.012.41714.000.00-0.001-0.0330.001
put1700.000.010.081.85726.000.00-0.001-0.0220.001
put1750.000.750.092.1646.000.00-0.001-0.0330.001
put1800.000.670.082.0426.000.00-0.001-0.0330.001
put1850.000.670.081.9248.000.00-0.001-0.0320.001
put1900.000.020.081.6735.000.00-0.003-0.0690.002
put1950.000.010.011.5717.000.00-0.003-0.0680.002
put2000.000.920.021.5862.000.00-0.001-0.0320.001
put2050.000.920.101.4781.000.00-0.001-0.0310.001
put2100.000.010.011.3343.002.00-0.002-0.0490.002
put2150.000.020.011.26945.003.00-0.001-0.0310.001
put2200.000.920.061.16755.000.00-0.001-0.0300.001
put2250.000.750.011.0671140.00-0.002-0.0300.001
put2300.000.020.010.96965.004.00-0.002-0.0300.001
put232.50.000.670.000.9850.000.00-0.003-0.0530.002
put2350.000.670.010.9331761.00-0.003-0.0530.002
put237.50.000.670.120.8833.000.00-0.004-0.0520.002
put2400.000.020.010.8323488.00-0.004-0.0520.002
put242.50.000.670.150.81814.000.00-0.006-0.0720.003
put2450.000.670.690.7661820.00-0.006-0.0710.003
put247.50.000.670.140.7148.000.00-0.006-0.0700.004
put2500.000.200.010.663189104-0.007-0.0690.004
put252.50.000.680.140.6121150.00-0.008-0.0700.004
put2550.010.030.010.560243102-0.012-0.0970.006
put257.50.000.050.030.54436510.00-0.022-0.1730.011
put2600.000.060.020.503474103-0.033-0.2310.015
put262.50.000.140.040.459178119-0.044-0.2790.019
put2650.010.070.050.4024982,200-0.056-0.3070.022
put267.50.020.170.070.4062352,402-0.095-0.4700.034
put2700.050.200.160.353303159-0.127-0.5290.041
put272.50.050.670.480.404256109-0.204-0.7580.056
put2750.390.800.550.34023968.00-0.262-0.7690.065
put277.50.561.651.280.36289.0031.00-0.350-0.7740.074
put2801.692.252.000.30610850.00-0.474-0.7450.079
put282.52.784.203.380.37825.0010.00-0.606-0.7830.076
put2853.606.204.550.4247.003.00-0.730-0.6500.066
put287.55.708.0510.200.41520.001.00-0.841-0.4450.048
put2908.5010.350.000.4580.000.00-0.895-0.3550.036
put292.510.4013.050.000.5780.000.00-0.905-0.3950.034
put29512.8015.500.000.6420.000.00-0.953-0.2090.020
put297.515.4518.500.000.8240.000.00-0.955-0.2310.019
put30018.0021.0520.680.9101.001.00-0.965-0.2020.015
put302.520.3522.800.000.7930.000.00-0.977-0.1380.011
put30522.9025.550.000.9290.000.00-0.980-0.1280.009
put307.525.3528.5027.301.1101.000.00-0.984-0.1090.008
put31027.9030.550.001.0560.000.00-0.986-0.1010.007
put31532.8535.5051.201.1620.000.00-0.988-0.1040.006
put32037.8541.100.001.4570.000.00-0.989-0.1070.006
put32542.9046.200.001.6060.000.00-0.990-0.1090.005
put33047.9550.500.001.4980.000.00-0.990-0.1110.005
put33552.6556.100.001.8080.000.00-0.991-0.1130.005
put34057.6561.0062.201.8860.002.00-0.992-0.1140.005
put34562.9566.0067.201.9910.002.00-0.998-0.0070.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-2613F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-09-30SEC
2026-10-2110-QQuarterly report pursuant to Section 13 or 15(d)2026-09-27SEC
2026-10-138-KCurrent report2026-10-13SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-044Statement of changes in beneficial ownership of securities2026-09-02SEC
2026-09-02144Filing for proposed sale of securities under Rule 144.SEC
2026-09-013Initial statement of beneficial ownership of securities2026-09-01SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-17144Filing for proposed sale of securities under Rule 144.SEC
2026-08-144Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-13144Filing for proposed sale of securities under Rule 144.SEC
2026-08-11N-PXAnnual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX2026-06-30SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-0613F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-08-05144Filing for proposed sale of securities under Rule 144.SEC
2026-08-048-KCurrent report2026-08-04SEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-288-KCurrent report2026-07-27SEC
2026-07-2310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-28SEC
2026-07-214Statement of changes in beneficial ownership of securities2026-07-20SEC
2026-07-20144Filing for proposed sale of securities under Rule 144.SEC
2026-07-158-KCurrent report2026-07-15SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-11SEC
2026-06-11144Filing for proposed sale of securities under Rule 144.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-09009.23M1
2026-080052.76M4
2026-07005.79M1
2026-06002.41M1
2026-050000
2026-040000
2026-030000
2026-020058.35M8
2026-010022.12M1
2025-120000
2025-11257.69K100

Institutional holders

Manager% owned
BlackRock, Inc.8.81%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP5.56%
GEODE CAPITAL MANAGEMENT, LLC2.72%
VANGUARD PORTFOLIO MANAGEMENT LLC2.67%
JPMORGAN CHASE & CO2.42%
MORGAN STANLEY1.86%
NORGES BANK1.32%
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO1.31%
NORTHERN TRUST CORP1.20%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO1.87%
BBH Limited Duration Fund1.59%
First Eagle Overseas Fund1.45%
First Eagle Global Fund1.45%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.30%
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND1.27%
Goldman Sachs Tactical Tilt Overlay Fund1.25%

OakChart. JNJ. Cached 15 minutes.