Johnson & Johnson (JNJ)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 61,350,000 | 60,555,000 | 59,792,000 | 59,271,000 | 58,606,000 | 57,864,000 | 56,943,000 | 57,987,000 | 59,608,000 | 62,602,000 | 64,866,000 | 64,490,000 | 63,920,000 | 61,732,000 | 59,754,000 | 55,786,000 | 54,157,000 | 53,109,000 | 52,861,000 | 54,726,000 |
| Revenue (ttm) | US$ in thousands | 88,452,000 | 87,541,000 | 86,229,000 | 88,966,000 | 88,632,000 | 87,176,000 | 85,962,000 | 84,760,000 | 87,282,000 | 91,851,000 | 95,224,000 | 94,514,000 | 93,356,000 | 91,027,000 | 88,747,000 | 83,766,000 | 82,174,000 | 80,742,000 | 80,385,000 | 82,573,000 |
| Gross profit margin | 69.36% | 69.17% | 69.34% | 66.62% | 66.12% | 66.38% | 66.24% | 68.41% | 68.29% | 68.16% | 68.12% | 68.23% | 68.47% | 67.82% | 67.33% | 66.60% | 65.91% | 65.78% | 65.76% | 66.28% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $61,350,000K ÷ $88,452,000K
= 69.36%
Johnson & Johnson's gross profit margin has displayed some fluctuations over the period from March 31, 2020, to December 31, 2024. The trend shows some variations, but overall, there is a general increasing pattern. The margin started at 66.28% in March 2020 and fluctuated within a range until June 2021. From there, it began a more consistent upward trajectory, reaching a peak of 69.36% by December 31, 2024. This improvement suggests the company may have effectively managed its cost of goods sold or potentially increased its pricing power during this period, leading to higher profitability per dollar of revenue. However, the slight decline observed towards June 2023 and September 2023 could indicate temporary challenges or changes in the business environment affecting the cost structure. Overall, the rising gross profit margin is a positive indication of Johnson & Johnson's operational efficiency and ability to maintain healthy profitability levels.
Peer comparison
Dec 31, 2024