Johnson & Johnson

JNJ
Sector

Healthcare

Industry

Drug Manufacturers - General

Market Cap

$359.99B

Employees

131.9K

Company Overview

Johnson & Johnson is a healthcare company that manufactures and sells a wide range of products, including pharmaceuticals, medical devices, and consumer healthcare products. Its primary revenue streams are derived from sales to retailers, wholesalers, distributors, hospitals, and healthcare professionals. The company holds a leading market position in many of its product categories due to its strong brand recognition, extensive research and development capabilities, and global reach.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Worldwide net sales increased 6.5% to $85.2 billion in 2023 compared to 1.6% in 2022. This growth was driven by both volume and price increases, with positive contributions from both Innovative Medicine and MedTech segments.

Consolidated earnings before provision for taxes on income decreased to 17.7% of sales in 2023 from 24.2% in 2022. This decline reflects increased cost of products sold and selling, marketing, and administrative expenses.

International sales growth was only 1.9% in 2023, negatively impacted by currency fluctuations. The impact of currency changes on sales varied by geographic region.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights