Johnson & Johnson (JNJ) — Cash Flow Reinvestment Rate
Johnson & Johnson (JNJ) has a Cash Flow Reinvestment Rate of 0.15x as of September 2025, reinvesting $1.33 Billion (capex $788.00 Million plus investments $-542.00 Million) from operating cash flow of $9.17 Billion. Explore Johnson & Johnson (JNJ) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Johnson & Johnson Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Johnson & Johnson across 36 annual periods. Also explore Johnson & Johnson (JNJ) total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Johnson & Johnson (1989–2024)
Year-by-year capital reinvestment analysis for Johnson & Johnson. For live market cap and broader valuation context, see JNJ market cap overview.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.95x | $23.02 Billion | $24.27 Billion | $4.42 Billion | ▲ +298.9% |
| 2023 | 0.24x | $5.42 Billion | $22.79 Billion | $4.54 Billion | ▼ -61.9% |
| 2022 | 0.62x | $13.23 Billion | $21.19 Billion | $4.01 Billion | ▲ +61.7% |
| 2021 | 0.39x | $9.04 Billion | $23.41 Billion | $3.65 Billion | ▼ -26.1% |
| 2020 | 0.52x | $12.30 Billion | $23.54 Billion | $3.35 Billion | ▲ +203.6% |
| 2019 | 0.17x | $4.03 Billion | $23.42 Billion | $3.50 Billion | ▼ -23.7% |
| 2018 | 0.23x | $5.01 Billion | $22.20 Billion | $3.67 Billion | ▼ -73.8% |
| 2017 | 0.86x | $18.15 Billion | $21.06 Billion | $3.28 Billion | ▲ +102.5% |
| 2016 | 0.43x | $7.99 Billion | $18.77 Billion | $3.23 Billion | ▼ -19.1% |
| 2015 | 0.53x | $10.14 Billion | $19.28 Billion | $3.46 Billion | ▼ -33.0% |
| 2014 | 0.79x | $14.51 Billion | $18.47 Billion | $3.71 Billion | ▲ +206.7% |
| 2013 | 0.26x | $4.46 Billion | $17.41 Billion | $3.60 Billion | ▼ -8.2% |
| 2012 | 0.28x | $4.30 Billion | $15.40 Billion | $2.93 Billion | ▲ +17.1% |
| 2011 | 0.24x | $3.41 Billion | $14.30 Billion | $2.89 Billion | ▼ -44.8% |
| 2010 | 0.43x | $7.07 Billion | $16.39 Billion | $2.38 Billion | ▲ +38.2% |
| 2009 | 0.31x | $5.17 Billion | $16.57 Billion | $2.37 Billion | ▲ +52.4% |
| 2008 | 0.20x | $3.07 Billion | $14.97 Billion | $3.07 Billion | ▼ -5.7% |
| 2007 | 0.22x | $3.31 Billion | $15.25 Billion | $3.31 Billion | ▲ +13.0% |
| 2006 | 0.19x | $2.74 Billion | $14.25 Billion | $2.74 Billion | ▼ -13.3% |
| 2005 | 0.22x | $2.63 Billion | $11.88 Billion | $2.63 Billion | ▲ +13.4% |
| 2004 | 0.20x | $2.17 Billion | $11.13 Billion | $2.17 Billion | ▼ -8.5% |
| 2003 | 0.21x | $2.26 Billion | $10.60 Billion | $2.26 Billion | ▼ -16.8% |
| 2002 | 0.26x | $2.10 Billion | $8.18 Billion | $2.10 Billion | ▲ +31.5% |
| 2001 | 0.20x | $1.73 Billion | $8.86 Billion | $1.73 Billion | ▼ -22.1% |
| 2000 | 0.25x | $1.65 Billion | $6.56 Billion | $1.65 Billion | ▼ -28.8% |
| 1999 | 0.35x | $2.00 Billion | $5.68 Billion | $2.00 Billion | ▼ -65.2% |
| 1998 | 1.01x | $4.94 Billion | $4.89 Billion | $4.94 Billion | ▲ +215.7% |
| 1997 | 0.32x | $1.39 Billion | $4.34 Billion | $1.39 Billion | ▼ -9.2% |
| 1996 | 0.35x | $1.37 Billion | $3.89 Billion | $1.37 Billion | ▼ -5.0% |
| 1995 | 0.37x | $1.26 Billion | $3.38 Billion | $1.26 Billion | ▲ +17.9% |
| 1994 | 0.31x | $937.00 Million | $2.98 Billion | $937.00 Million | ▼ -30.0% |
| 1993 | 0.45x | $975.00 Million | $2.17 Billion | $975.00 Million | ▼ -12.7% |
| 1992 | 0.52x | $1.10 Billion | $2.14 Billion | $1.10 Billion | ▼ -12.6% |
| 1991 | 0.59x | $987.00 Million | $1.68 Billion | $987.00 Million | ▲ +17.6% |
| 1990 | 0.50x | $830.00 Million | $1.66 Billion | $830.00 Million | ▼ -16.5% |
| 1989 | 0.60x | $750.00 Million | $1.25 Billion | $750.00 Million | — |