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Johnson & Johnson

Johnson & Johnson trades under the ticker symbol JNJ on the NYSE. This page brings together its live stock price, an interactive price chart, and key fundamentals like market capitalization, 52-week range, dividend yield, and the next earnings date, with plain-English context to help you understand what the numbers mean.

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Executive summary

About Johnson & Johnson

Johnson & Johnson is a diversified healthcare company that split into two in 2023. J&J now focuses on pharmaceuticals and MedTech after spinning off its consumer health division (Kenvue). The restructuring was intended to let the faster-growing, higher-margin businesses operate without the slower consumer segment dragging on valuation.

The pharmaceutical pipeline includes cancer treatments, immunology drugs, and neuroscience. MedTech makes surgical tools, orthopedic devices, and electrophysiology equipment. Both face pricing pressure but generate strong recurring revenue from healthcare systems globally.

J&J has increased its dividend for over 60 consecutive years, making it one of the S&P 500's Dividend Kings. For income investors, that track record carries real weight.

Source: Johnson & Johnson SEC filings (10-K) and investor relations · Last reviewed June 2026

Investment case

Johnson & Johnson is a large, diversified healthcare company focused on prescription drugs and medical technology after spinning off its consumer health business (Kenvue) in 2023. The long-term question is whether a deep drug pipeline and steady medical-device demand keep funding its very long record of dividend increases as older drugs lose patent protection.

Educational analysis from public filings. This is not a recommendation to buy or sell any security.

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Why investors follow this company

Competitive advantages

What could go wrong

What to watch

Valuation in context

Sources: Johnson & Johnson 10-K (SEC EDGAR), Johnson & Johnson Investor Relations · Last reviewed July 2026

How management uses cash

Historically, the company has used a mix of reinvestment, buybacks, and dividends.

Reinvestment

On average, capital spending used about 17% of operating cash flow across 10 fiscal years (FY2016-FY2025) - a moderate share of the cash the business generated went back into it.

Buybacks

Reported share repurchases in 10 of the 10 fiscal years shown, totaling about $54.1B (FY2016-FY2025). The reported share count fell about 11% from FY2016 to FY2025.

Dividends

Paid a per-share dividend in each of the 10 fiscal years shown (FY2016-FY2025). The annual per-share dividend did not decline year over year in that window, rising in 9 straight year-over-year changes into FY2025.

Debt direction

The total debt balance rose over the window: about $27.1B in FY2016 vs about $49.9B in FY2025. This describes the balance's direction, not repayments.

Cash position

As of FY2025, held about $19.7B in cash and equivalents vs about $49.9B of total debt - more total debt than cash at that date.

Derived from annual figures this company reported to the SEC (EDGAR XBRL company facts). Descriptive history only: not a forecast, not a rating, not investment advice.

Frequently asked questions

What is the investment case for Johnson & Johnson?

Johnson & Johnson is a large, diversified healthcare company focused on prescription drugs and medical technology after spinning off its consumer health business (Kenvue) in 2023. The long-term question is whether a deep drug pipeline and steady medical-device demand keep funding its very long record of dividend increases as older drugs lose patent protection.

Does Johnson & Johnson have an economic moat?

A broad portfolio of patented drugs and established medical devices, sold into healthcare systems worldwide, produces steady recurring revenue.

What is the bull case for Johnson & Johnson?

Healthcare demand is relatively steady across economic cycles, which supports stable cash flow.

What is the bear case for Johnson & Johnson?

Patents on key drugs expire over time, and generic competition can cut revenue when they do.

What are the key risks for Johnson & Johnson?

Talc litigation tied to the spun-off consumer business has not been fully resolved and could result in significant future settlements. Patent cliffs on key pharmaceuticals could reduce revenue as generics enter markets over the next few years.

How should investors think about Johnson & Johnson's valuation?

The 2023 Kenvue spin-off removed the consumer health business, so year-over-year comparisons around that period can look distorted even though the ongoing business is steadier. Weigh valuation using the company's own filings rather than a third-party estimate.

What should investors watch with Johnson & Johnson?

Pharmaceutical sales growth and how well new drugs offset patents that are expiring.

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Educational content only. Market data is delayed and is not financial advice. Always do your own research and consult a licensed professional before investing.