Free Cash Flow for Johnson & Johnson (JNJ)
Free Cash Flow for Johnson & Johnson (JNJ): headline value $17.80B · YoY -0.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$17.80B
YoY change
-0.7%
5Y CAGR
-0.5%
Peak year (2020)
$20.19B
Latest annual
$19.70B
Free Cash Flow history chart for Johnson & Johnson (JNJ) from 1989 to 2025
Free Cash Flow history table for Johnson & Johnson (JNJ) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $19.70B | -0.7% | ||
| 2024 | $19.84B | +8.7% | ||
| 2023 | $18.25B | +6.2% | ||
| 2022 | $17.18B | -13.0% | ||
| 2021 | $19.76B | -2.1% | ||
| 2020 | $20.19B | +1.4% | ||
| 2019 | $19.92B | +7.5% | ||
| 2018 | $18.53B | +4.2% | ||
| 2017 | $17.78B | +14.4% | ||
| 2016 | $15.54B | -1.7% | ||
| 2015 | $15.82B | +7.2% | ||
| 2014 | $14.76B | +6.8% | ||
| 2013 | $13.82B | +10.9% | ||
| 2012 | $12.46B | +9.3% | ||
| 2011 | $11.40B | -18.5% | ||
| 2010 | $14.00B | -1.4% | ||
| 2009 | $14.21B | +19.3% | ||
| 2008 | $11.91B | -0.3% | ||
| 2007 | $11.94B | +3.7% | ||
| 2006 | $11.51B | +24.5% | ||
| 2005 | $9.24B | +3.2% | ||
| 2004 | $8.96B | +7.5% | ||
| 2003 | $8.33B | +37.1% | ||
| 2002 | $6.08B | -14.8% | ||
| 2001 | $7.13B | +45.1% | ||
| 2000 | $4.92B | +33.7% | ||
| 1999 | $3.68B | -6787.3% | ||
| 1998 | -$55.00M | -101.9% | ||
| 1997 | $2.95B | +17.2% | ||
| 1996 | $2.52B | +18.4% | ||
| 1995 | $2.13B | +4.3% | ||
| 1994 | $2.04B | +70.8% | ||
| 1993 | $1.19B | +14.9% | ||
| 1992 | $1.04B | +50.9% | ||
| 1991 | $688.00M | -16.8% | ||
| 1990 | $827.00M | +65.4% | ||
| 1989 | $500.00M | — |
Free Cash Flow values are taken from Johnson & Johnson's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Johnson & Johnson (JNJ) most recent annual free cash flow stands at $19.70B (2025) – edged down 0.7% year-over-year.
Johnson & Johnson free cash flow has contracted on net over the period, with a -0.5% compound annual growth rate over 2020–2025 (5 years).
Between 2020 and 2025, Johnson & Johnson free cash flow edged down 2.4%, falling from $20.19B to $19.70B.
Across the available history, free cash flow reached its high of $20.19B in 2020 and its low of -$55.00M in 1998.
Within Healthcare, Johnson & Johnson (JNJ) ranks 2nd among 8 peers we track. The peer median for free cash flow is $12.06B.
Johnson & Johnson Free Cash Flow by Year
Johnson & Johnson Free Cash Flow 2025: $19.70B
Johnson & Johnson free cash flow in 2025 was $19.70B, edged down 0.7% below 2024.
Johnson & Johnson Free Cash Flow 2024: $19.84B
Johnson & Johnson free cash flow in 2024 was $19.84B, grew 8.7% from 2023.
Johnson & Johnson Free Cash Flow 2023: $18.25B
Johnson & Johnson free cash flow in 2023 was $18.25B, grew 6.2% from 2022.
Johnson & Johnson Free Cash Flow 2022: $17.18B
Johnson & Johnson free cash flow in 2022 was $17.18B, declined 13.0% below 2021.
Johnson & Johnson Free Cash Flow 2021: $19.76B
Johnson & Johnson free cash flow in 2021 was $19.76B.
See more financial history for Johnson & Johnson (JNJ).
Sector peers — Free Cash Flow
Companies in the same sector as Johnson & Johnson, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $6.29B | Healthcare |
Frequently asked questions
What is Johnson & Johnson's free cash flow?
Latest reported free cash flow for Johnson & Johnson (JNJ) is $17.80B (period ending March 29, 2026).
How has Johnson & Johnson free cash flow changed year-over-year?
Johnson & Johnson (JNJ) free cash flow changed -0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Johnson & Johnson free cash flow?
Johnson & Johnson (JNJ) free cash flow compound annual growth rate is -0.5% over the most recent 5 years available.
When did Johnson & Johnson free cash flow hit its highest annual value?
Johnson & Johnson free cash flow reached its highest annual value of $20.19B in 2020.
What was Johnson & Johnson free cash flow in 2024?
Johnson & Johnson (JNJ) free cash flow in 2024 was $19.84B.
What was Johnson & Johnson free cash flow in 2025?
Johnson & Johnson (JNJ) free cash flow in 2025 was $19.70B.
Metrics overview
Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.
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JNJ Overview
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