Short answer
Johnson & Johnson (JNJ) filed its fiscal 2025 10-K annual report with the SEC on Feb 11, 2026. It reported revenue of $94.2B (+6.0% year over year) and net income of $26.8B.
- Top risk flagged: Board Regulatory Compliance & Sustainability Committee oversees cybersecurity risk and compliance with privacy laws
FY2025 key financial metrics · XBRL
- Revenue
- $94.2B
- +6.0% YoY
- Net income
- $26.8B
- +90.6% YoY
- Gross margin
- 67.9%
- −1.2 pp YoY
- EPS (diluted)
- $11.03
- +90.5% YoY
- ROE
- 32.9%
- +13.2 pp YoY
- Operating cash flow
- $24.5B
- +1.1% YoY
Source: XBRL data from the Johnson & Johnson (JNJ) FY2025 10-K on SEC EDGAR. USD.
Johnson & Johnson FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model not detailed; filing focuses on corporate governance and compliance policies
- New emphasis on transparency with online posting of Code of Business Conduct amendments and waivers within five business days
- Strengthened insider trading policy for directors, officers, and certain insiders to ensure compliance with laws and listing standards
- Unusual focus on detailed disclosure of corporate governance codes and ethical standards rather than product or market information
Management Discussion & Analysis
- Revenue $94.2B in 2025, up 6.0% YoY from $88.8B in 2024; U.S. sales $53.8B (+6.9%), international $40.4B (+5.0%)
- Operating margin 34.6% in 2025 vs 18.8% in 2024; Innovative Medicine margin 36.9% vs 33.2%; MedTech margin 12.2% vs 11.7%
- Best segment: Innovative Medicine sales $60.4B (+6.0%), worst: Infectious Diseases sales $3.2B (-4.6%)
- Cash/cash equivalents $20.1B end 2025; total debt $47.9B; acquisitions funded with senior notes; restructuring costs $205M (Surgery), $307M (Orthopaedics)
- Risks: biosimilar competition impacting STELARA; expected generic competition for OPSUMIT in 2026; planned Orthopaedics separation in 18-24 months
Risk Factors
- Board Regulatory Compliance & Sustainability Committee oversees cybersecurity risk and compliance with privacy laws
- CISO provides quarterly updates on evolving cybersecurity threats and incidents impacting the company and industry
- CIO and CISO responsible for cybersecurity incident detection, response, and recovery with 25+ years CISO experience
- Cybersecurity risk management integrated into overall risk framework, with emphasis on threats relevant to 2026 landscape
Generated from the filing text; verify against the original. How to read a 10-K
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