Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

$24.99

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Johnson & Johnson, income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 29, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Innovative Medicine
MedTech
Sales to customers

Based on: 10-K (reporting date: 2024-12-29), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Innovative Medicine Revenue
The annual revenue in the Innovative Medicine segment initially increased from US$59,625 million in 2020 to US$66,715 million in 2021, continuing to rise slightly to US$67,516 million in 2022. However, a notable decline is observed in 2023, with revenue decreasing sharply to US$54,759 million, followed by a modest recovery to US$56,964 million in 2024. This pattern indicates a peak in 2022, a significant downturn the following year, and then a partial rebound.
MedTech Revenue
The MedTech segment displayed consistent growth across the observed periods. Revenue increased steadily from US$22,959 million in 2020 to US$27,060 million in 2021, followed by incremental gains to US$27,427 million in 2022, continuing up to US$30,400 million in 2023, and reaching US$31,857 million in 2024. The trend suggests a sustained expansion without any periods of decline.
Total Sales to Customers
Total sales to customers show an overall growth from US$82,584 million in 2020 to a peak of US$94,943 million in 2022. This was followed by a decline to US$85,159 million in 2023, with a subsequent increase to US$88,821 million in 2024. The pattern mirrors the trends seen in the Innovative Medicine segment, indicating that changes in this segment significantly influence total sales figures.
Summary
The data reflects two contrasting revenue dynamics: Innovative Medicine experienced growth followed by a sharp dip and a mild recovery, while MedTech consistently expanded throughout the period. Total sales largely tracked the Innovative Medicine segment's performance, showing a peak in 2022, a decrease in the subsequent year, and partial recovery thereafter. This suggests that the overall sales performance is more sensitive to fluctuations in the Innovative Medicine segment than in MedTech.