Johnson & Johnson (JNJ)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	30,427,000	29,474,000	17,754,000	14,490,000	14,238,000
Revenue	US$ in thousands	84,021,000	79,428,000	93,356,000	82,174,000	81,474,000
Operating profit margin		36.21%	37.11%	19.02%	17.63%	17.48%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $30,427,000K ÷ $84,021,000K
= 36.21%

The operating profit margin of Johnson & Johnson has shown stability over the past five years, ranging from 24.11% to 26.18%. In 2023, the operating profit margin was 25.84%, which indicates that the company generated $0.25 in operating profit for every dollar of sales. This consistent performance suggests that Johnson & Johnson has been effectively managing its operating expenses relative to its revenue, maintaining a healthy level of profitability.