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Johnson & Johnson
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Latest analysis
Updated Aug 4, 2026
Jennifer Taubert retires as EVP Innovative Medicine after 21 years; Tom Cavanaugh promoted effective September 1, 2026.
Jennifer Taubert stepped down as Executive Vice President and Worldwide Chairman of Innovative Medicine, Johnson & Johnson's largest division at $60 billion in annual revenue. Tom Cavanaugh, currently Company Group Chairman for North America Innovative Medicine, assumes the role September 1, 2026. This is a planned succession within the executive leadership structure with no indication of operational disruption or strategic shift.
Tone: neutralRevenue
$94.2B
JNJ 10-K · FY 2025
Employees
138,200
Revenue growth YoY
+6%
Founded
1887
Profile
JNJ 10-K Item 1 · Feb 11, 2026Johnson & Johnson is a diversified healthcare company organized into two segments: Innovative Medicine and MedTech. Innovative Medicine covers oncology, immunology, neuroscience, pulmonary hypertension, infectious diseases, and cardiovascular and metabolism therapeutics, while MedTech encompasses cardiovascular, orthopaedics, surgery, and vision products. The company operates globally with approximately 138,200 full-time equivalent employees and conducts business in virtually all countries of the world.
Read filing description ↓ Collapse description ↑
Johnson & Johnson and its subsidiaries have approximately 138,200 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the healthcare field. Johnson & Johnson is a holding company, with operating companies conducting business in virtually all countries of the world. The Company's primary focus is products related to human health and well-being. Johnson & Johnson was incorporated in the State of New Jersey in 1887. The Company is organized into two business segments: Innovative Medicine and MedTech. The Innovative Medicine segment is focused on the following therapeutic areas: Oncology (e.g., prostate cancer, hematologic malignancies, lung cancer and bladder cancer), Immunology (e.g., rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease and psoriasis), Neuroscience (e.g., mood disorders, neurodegenerative disorders and schizophrenia), Pulmonary Hypertension (e.g., Pulmonary Arterial Hypertension), Infectious Diseases (e.g., HIV/AIDS) and Cardiovascular and Metabolism (e.g., thrombosis, diabetes and macular degeneration). The MedTech segment develops and manufactures a broad portfolio of products used in cardiovascular, orthopaedics, surgery, and vision supporting physicians, hospitals, eye care professionals and healthcare systems across a wide range of acute and elective procedures. In October 2025, the Company announced its intention to separate its Orthopaedics business, with a targeted completion within 18 to 24 months after the initial announcement. New products introduced within the past five years accounted for approximately 25% of 2025 sales, and $14.7 billion was invested in research and development in 2025.
Primary products
- CARVYKTI (ciltacabtagene autoleucel)
- DARZALEX (daratumumab)
- DARZALEX FASPRO (daratumumab and hyaluronidase-fihj)
- ERLEADA (apalutamide)
- IMBRUVICA (ibrutinib)
- RYBREVANT (amivantamab)
Business segments
End markets
Geographies
“Competition exists in all product lines without regard to the number and size of the competing companies involved.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Worldwide sales increased 6.0% to $94.2 billion in 2025, driven by 8.4% volume growth partially offset by 3.1% price decline, with acquisitions and divestitures contributing a positive 1.1% impact.
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