Johnson & Johnson (JNJ)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 61,350,000 | 58,606,000 | 55,394,000 | 63,920,000 | 54,157,000 |
| Revenue | US$ in thousands | 88,607,000 | 84,021,000 | 79,428,000 | 93,356,000 | 82,174,000 |
| Gross profit margin | 69.24% | 69.75% | 69.74% | 68.47% | 65.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $61,350,000K ÷ $88,607,000K
= 69.24%
The gross profit margin of Johnson & Johnson has shown a positive trend over the past five years. Starting at 65.91% as of December 31, 2020, the margin has steadily increased to reach 69.24% by December 31, 2024. This improvement indicates the company's ability to efficiently manage production costs and generate profits from its core business operations. The consistent growth in gross profit margin reflects Johnson & Johnson's effective pricing strategies, cost control measures, and possibly economies of scale. Overall, the trend suggests a healthy financial performance and competitive positioning within the industry.
Peer comparison
Dec 31, 2024