Johnson & Johnson (JNJ)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 31,673,000 | 28,428,000 | 29,231,000 | 29,340,000 | 24,116,000 | 23,374,000 | 23,033,000 | 22,541,000 | 27,173,000 | 17,073,000 | 17,380,000 | 17,395,000 | 18,757,000 | 17,753,000 | 17,580,000 | 15,468,000 | 14,729,000 | 24,986,000 | 25,273,000 | 26,636,000 |
| 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 |
| Operating profit margin | 35.81% | 32.47% | 33.90% | 32.98% | 27.21% | 26.81% | 26.79% | 26.59% | 31.13% | 18.59% | 18.25% | 18.40% | 20.09% | 19.50% | 19.81% | 18.47% | 17.92% | 30.95% | 31.44% | 32.26% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $31,673,000K ÷ $88,452,000K
= 35.81%
Johnson & Johnson's operating profit margin has shown some fluctuations over the analyzed period. The margin started at a healthy 32.26% in March 31, 2020, but experienced a gradual decline reaching its lowest point at 17.92% by December 31, 2020. Subsequently, there was a slow recovery trend evidenced by increasing margins through June 30, 2021.
The operating profit margin continued to improve throughout 2022 but fluctuated between 18.25% and 32.47%. However, by December 31, 2022, the margin significantly increased to 31.13%. This positive trend continued into 2023 as the margin remained above 26% for each quarter.
The trend of increasing margins was highlighted in the first half of 2024, with margins exceeding 32% by June 30, 2024. By the end of the year (December 31, 2024), the operating profit margin reached its highest point in the analyzed period at 35.81%. Overall, the company demonstrated resilience and effective cost management strategies seen in the recovery and growth of its operating profit margin over time.
Peer comparison
Dec 31, 2024