JOHNSON & JOHNSON (JNJ) closed fiscal year 2025 with a gross margin of 67.9 % and a net margin of 28.5 %.
JOHNSON & JOHNSON (JNJ) closed fiscal year 2025 with a gross margin of 67.9 % and a net margin of 28.5 %. The same year shows an EBITDA margin of 43.6 % and an EBIT margin of 35.6 %. The free cash flow margin was 20.9 %. Against the previous year the gross margin moved −1.2 pp and the net margin +12.6 pp. Across the period the gross margin ranges between 65.6 % in 2020 and 71.0 % in 2008. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 70.95 % | 70.96 % | 70.20 % | 69.49 % | 68.69 % | 67.78 % | 68.67 % | 69.40 % | 69.27 % | 69.69 % | 66.72 % | 66.79 % | 66.42 % | 65.58 % | 70.28 % | 69.25 % | 68.82 % | 69.07 % | 67.88 % |
| EBITDA margin (%) | — | — | 31.27 % | 33.51 % | 26.02 % | 27.70 % | 28.77 % | 34.29 % | — | — | — | — | — | — | — | 33.26 % | 27.38 % | 27.90 % | 43.59 % |
| EBIT margin (%) | — | — | 26.79 % | 28.74 % | 21.17 % | 22.25 % | 23.01 % | 29.05 % | — | — | — | — | — | — | — | 24.55 % | 18.59 % | 19.64 % | 35.62 % |
| Net margin (%) | 17.31 % | 20.31 % | 19.82 % | 21.65 % | 14.87 % | 16.14 % | 19.40 % | 21.96 % | 21.99 % | 23.01 % | 1.70 % | 18.75 % | 18.42 % | 17.82 % | 26.52 % | 22.43 % | 41.28 % | 15.84 % | 28.46 % |
| FCF margin (%) | 19.77 % | 18.68 % | 22.95 % | 22.73 % | 17.54 % | 18.54 % | 19.38 % | 20.17 % | 22.98 % | 21.62 % | 23.25 % | 22.71 % | 24.27 % | 24.45 % | 25.09 % | 21.48 % | 21.43 % | 22.34 % | 20.91 % |
