Johnson & Johnson (JNJ) Return on Invested Capital [ROIC] (2009 - 2026)
Johnson & Johnson's Return on Invested Capital [ROIC] was 17.57% in Q3 2026, up 2.86 percentage points from 14.71% a year earlier and up 1.48 percentage points from the prior quarter.
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Analysis
Johnson & Johnson (JNJ) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
From Q4 2011 onward, Johnson & Johnson has reported Return on Invested Capital [ROIC] for 42 quarters.
- Return on Invested Capital [ROIC] shows a four-year change of -1.32 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.18% in FY2024 (-0.57 pp), 17.75% in FY2023 (+2.11 pp), 15.64% in FY2022 and 18.89% in FY2021.
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q1 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for three straight quarters, with an average year-over-year change of -0.63 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2023 (a gain of 4.41 percentage points); the worst was Q1 2025 (a drop of 3.68 percentage points).
- Per Business Quant data, JNJ's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 16.10% (Q2 2026), 16.23% (Q1 2026) and 16.40% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,199.50 Bn | 1,168.08 Bn | 19.71 Bn | 37.16% |
| 2 | Johnson & Johnson | 635.17 Bn | 555.03 Bn | 17.30 Bn | 17.57% |
| 3 | AbbVie | 504.69 Bn | 477.85 Bn | 12.70 Bn | 18.68% |
| 4 | Merck | 358.43 Bn | 312.86 Bn | 12.21 Bn | 3.56% |
| 5 | Novartis Ag | 288.36 Bn | 252.75 Bn | 11.24 Bn | 34.87% |
| 6 | Astrazeneca | 265.78 Bn | 239.54 Bn | 12.86 Bn | 23.26% |
| 7 | Amgen | 237.46 Bn | 192.86 Bn | 7.24 Bn | 14.33% |
| 8 | Gilead Sciences | 193.65 Bn | 167.76 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 171.05 Bn | 118.00 Bn | 10.94 Bn | 13.44% |
| 10 | Vertex Pharmaceuticals | 132.74 Bn | 104.74 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 17.57% |
| Jun 28, 2026 | 16.10% |
| Mar 29, 2026 | 16.23% |
| Dec 28, 2025 | 16.40% |
| Sep 28, 2025 | 14.71% |
| Jun 29, 2025 | 13.70% |
| Mar 30, 2025 | 14.64% |
| Dec 29, 2024 | 16.55% |
| Sep 29, 2024 | 16.58% |
| Jun 30, 2024 | 17.34% |
| Mar 31, 2024 | 18.32% |
| Dec 31, 2023 | 19.11% |
| Oct 1, 2023 | 18.20% |
| Jul 2, 2023 | 16.28% |
| Apr 2, 2023 | 14.90% |
| Jan 1, 2023 | 14.71% |
| Oct 2, 2022 | 16.00% |
| Jul 3, 2022 | 17.26% |
| Apr 3, 2022 | 19.64% |
| Oct 3, 2021 | 24.27% |
API Access
Johnson & Johnson Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=JNJ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "JNJ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=JNJ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();