Johnson & Johnson (JNJ) — Tangible Net Worth Ratio
Johnson & Johnson (JNJ) has a Tangible Net Worth Ratio of 38.5% as of September 2025. This metric is calculated by deducting intangible assets ($48.74 Billion) from net assets ($79.28 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Johnson & Johnson shareholders equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Johnson & Johnson Tangible Net Worth Ratio (1985–2024)
This chart shows how Johnson & Johnson's Tangible Net Worth Ratio has changed across 40 annual periods from 1985 to 2024. As of September 2025, the ratio stands at 38.5%, reflecting net assets of $79.28 Billion with intangible assets of $48.74 Billion USD. Also explore Johnson & Johnson net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Johnson & Johnson (1985–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Johnson & Johnson from 1985 to 2024, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see JNJ market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 47.4% | $71.49 Billion | $37.62 Billion | $180.10 Billion | ▼ -2.9 pp |
| 2023 | 50.3% | $68.77 Billion | $34.17 Billion | $167.56 Billion | ▲ +0.4 pp |
| 2022 | 49.9% | $76.80 Billion | $38.49 Billion | $187.38 Billion | ▲ +12.6 pp |
| 2021 | 37.3% | $74.02 Billion | $46.39 Billion | $182.02 Billion | ▲ +21.7 pp |
| 2020 | 15.6% | $63.28 Billion | $53.40 Billion | $174.89 Billion | ▼ -4.3 pp |
| 2019 | 19.9% | $59.47 Billion | $47.64 Billion | $157.73 Billion | ▼ -0.4 pp |
| 2018 | 20.3% | $59.75 Billion | $47.61 Billion | $152.95 Billion | ▲ +8.8 pp |
| 2017 | 11.5% | $60.16 Billion | $53.23 Billion | $157.30 Billion | ▼ -50.3 pp |
| 2016 | 61.8% | $70.42 Billion | $26.88 Billion | $141.21 Billion | ▼ -2.0 pp |
| 2015 | 63.8% | $71.15 Billion | $25.76 Billion | $133.41 Billion | ▲ +3.2 pp |
| 2014 | 60.5% | $68.99 Billion | $27.22 Billion | $130.36 Billion | ▼ -1.7 pp |
| 2013 | 62.3% | $74.05 Billion | $27.95 Billion | $132.68 Billion | ▲ +6.6 pp |
| 2012 | 55.6% | $64.83 Billion | $28.75 Billion | $121.35 Billion | ▼ -12.6 pp |
| 2011 | 68.2% | $57.08 Billion | $18.14 Billion | $113.64 Billion | ▼ -2.2 pp |
| 2010 | 70.5% | $56.58 Billion | $16.72 Billion | $102.91 Billion | ▲ +2.7 pp |
| 2009 | 67.7% | $50.59 Billion | $16.32 Billion | $94.68 Billion | ▲ +0.6 pp |
| 2008 | 67.1% | $42.51 Billion | $13.98 Billion | $84.91 Billion | ▲ +0.9 pp |
| 2007 | 66.2% | $43.32 Billion | $14.64 Billion | $80.95 Billion | ▲ +5.2 pp |
| 2006 | 61.0% | $39.32 Billion | $15.35 Billion | $70.56 Billion | ▼ -23.1 pp |
| 2005 | 84.0% | $38.71 Billion | $6.18 Billion | $58.86 Billion | ▲ +21.2 pp |
| 2004 | 62.8% | $31.81 Billion | $11.84 Billion | $53.32 Billion | ▲ +5.7 pp |
| 2003 | 57.1% | $26.87 Billion | $11.54 Billion | $48.26 Billion | ▼ -2.2 pp |
| 2002 | 59.3% | $22.70 Billion | $9.25 Billion | $40.56 Billion | ▼ -3.3 pp |
| 2001 | 62.5% | $24.23 Billion | $9.08 Billion | $38.49 Billion | ▼ -0.5 pp |
| 2000 | 63.1% | $20.39 Billion | $7.54 Billion | $34.24 Billion | ▲ +9.8 pp |
| 1999 | 53.3% | $16.21 Billion | $7.57 Billion | $29.16 Billion | ▲ +5.6 pp |
| 1998 | 47.7% | $14.08 Billion | $7.36 Billion | $27.29 Billion | ▼ -25.9 pp |
| 1997 | 73.6% | $12.36 Billion | $3.26 Billion | $21.45 Billion | ▲ +2.3 pp |
| 1996 | 71.3% | $10.84 Billion | $3.11 Billion | $20.01 Billion | ▲ +3.9 pp |
| 1995 | 67.4% | $9.04 Billion | $2.95 Billion | $17.87 Billion | ▲ +1.1 pp |
| 1994 | 66.3% | $7.12 Billion | $2.40 Billion | $15.67 Billion | ▼ -17.1 pp |
| 1993 | 83.4% | $5.57 Billion | $925.00 Million | $12.24 Billion | ▼ -2.8 pp |
| 1992 | 86.2% | $5.17 Billion | $716.00 Million | $11.88 Billion | ▼ -0.7 pp |
| 1991 | 86.9% | $5.63 Billion | $738.00 Million | $10.51 Billion | ▲ +1.3 pp |
| 1990 | 85.6% | $4.90 Billion | $706.00 Million | $9.51 Billion | ▲ +2.6 pp |
| 1989 | 83.0% | $4.15 Billion | $704.00 Million | $7.92 Billion | ▲ +0.4 pp |
| 1988 | 82.6% | $3.50 Billion | $609.00 Million | $7.12 Billion | ▲ +0.5 pp |
| 1987 | 82.2% | $3.48 Billion | $622.00 Million | $6.55 Billion | ▼ -3.9 pp |
| 1986 | 86.1% | $2.82 Billion | $393.10 Million | $5.88 Billion | ▼ -13.9 pp |
| 1985 | 100.0% | $3.35 Billion | $0.00 | $5.10 Billion | — |