Johnson & Johnson (JNJ)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 35,153,000 | 34,624,000 | 13,054,000 | 12,724,000 | 17,941,000 | 19,157,000 | 18,366,000 | 19,830,000 | 20,878,000 | 17,880,000 | 17,767,000 | 15,115,000 | 14,714,000 | 16,986,000 | 15,185,000 | 17,166,000 | 15,119,000 | 14,151,000 | 16,332,000 | 14,679,000 |
| Revenue (ttm) | US$ in thousands | 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 | 81,826,000 | 81,473,000 | 80,897,000 | 81,248,000 |
| Net profit margin | 39.66% | 39.72% | 15.19% | 15.01% | 20.56% | 20.86% | 19.29% | 20.98% | 22.36% | 19.64% | 20.02% | 18.04% | 17.91% | 21.04% | 18.89% | 20.79% | 18.48% | 17.37% | 20.19% | 18.07% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $35,153,000K ÷ $88,632,000K
= 39.66%
The net profit margin of Johnson & Johnson has shown significant fluctuations over the past eight quarters. In Q4 2023, the net profit margin surged to 41.28%, representing a substantial increase from the previous quarter. This sharp rise indicates that the company was able to effectively manage its costs and expenses relative to its revenue during this period.
Conversely, in Q2 and Q1 of 2023, the net profit margins were notably lower at 13.35% and 13.22% respectively. These lower margins suggest that the company may have experienced challenges in controlling its costs and expenses or faced decreased revenue during these quarters.
Comparing the recent data with the same quarters in the previous year, the net profit margin in Q4 2023 is notably higher than in Q4 2022 (41.28% vs. 18.90%). Johnson & Johnson demonstrated a significant improvement in profitability between these two periods, highlighting its ability to enhance operational efficiency and generate higher earnings relative to revenue.
Overall, the fluctuation in Johnson & Johnson's net profit margin points towards varying levels of profitability and operational efficiency across different quarters. Investors and stakeholders should carefully monitor these trends to assess the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023