Johnson & Johnson

US health-care group with medicines and medical devices; largest by sales

Overview

Johnson & Johnson is a New Brunswick, New Jersey, holding company that researches, manufactures and sells health-care products through two segments, Innovative Medicine and MedTech.[2] It heads this ranking with Forbes sales of US$96.4bn, a figure that includes its medical-device business as well as prescription drugs; Forbes classifies the whole group under drugs and biotechnology.[2] The medicines segment covers immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolic disease and pulmonary hypertension, while MedTech sells interventional, orthopaedic, surgical and vision products.[2] In April 2025 Johnson & Johnson completed its acquisition of Intra-Cellular Therapies, adding the schizophrenia and bipolar-depression treatment Caplyta to its neuroscience portfolio.[6] With profit of US$21.0bn and a market value of US$545.7bn, it is also one of the three most valuable companies in the list.[2]

Johnson & Johnson strengths and limitations

Strengths

  • Largest sales in the sector
  • Two segments spread revenue across drugs and devices
  • Profit margin above 20% on Forbes figures

Limitations

  • Sales include medical devices, so the drug business alone is smaller
  • Neuroscience expansion relied on a large acquisition
  • Litigation exposure is a recurring feature of its filings

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Johnson & Johnson peers and competitors

Companies ranked in the same lists as Johnson & Johnson.

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