Johnson & Johnson (JNJ)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 35,153,000 | 17,941,000 | 20,878,000 | 14,714,000 | 15,119,000 |
| Revenue | US$ in thousands | 84,021,000 | 79,428,000 | 93,356,000 | 82,174,000 | 81,474,000 |
| Net profit margin | 41.84% | 22.59% | 22.36% | 17.91% | 18.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $35,153,000K ÷ $84,021,000K
= 41.84%
Johnson & Johnson's net profit margin has shown significant variability over the past five years. The net profit margin increased from 18.42% in 2019 to 22.26% in 2022, indicating improved profitability. However, the margin decreased slightly to 17.82% in 2021 before experiencing a substantial increase to 41.28% in 2023. This surge in net profit margin in 2023 suggests that Johnson & Johnson was able to generate a higher level of net income relative to its revenue, which could be attributed to various factors such as cost control measures or revenue growth. Overall, the trend in net profit margin indicates fluctuations in profitability over the years, with a notable upturn in 2023.
Peer comparison
Dec 31, 2023