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Johnson & Johnson vs Pfizer: revenue, profit, margins and growth compared

Johnson & Johnson brought in $94.2B of revenue in fiscal 2025, Pfizer $62.6B in fiscal 2025. Revenue changed by +6.0% at Johnson & Johnson and -1.6% at Pfizer on the year before, so Johnson & Johnson grew faster. Johnson & Johnson kept 28.5% of its revenue as net profit, Pfizer 12.4%. Free cash flow was $19.7B at Johnson & Johnson and $9.1B at Pfizer.

Side by side, latest fiscal year

JNJPFE
Fiscal year endedFY2025 (December 28, 2025)FY2025 (December 31, 2025)
Revenue$94.2B$62.6B
Revenue growth+6.0%-1.6%
Net income$26.8B$7.8B
Net margin28.5%12.4%
Free cash flow$19.7B$9.1B
Free cash flow margin20.9%14.5%
Earnings per share (diluted)$11.03$1.36
Cash$19.7B$1.1B
Debt$41.4B$64.6B
Price to earnings24.621.1
Market value$653.6B$163.4B
Dividend yield1.90%6.00%
Rank by revenue in sector#9 of 523 · Health care#13 of 523 · Health care

Over the years

Revenue
JNJ FY2018: $81.6BJNJ FY2019: $82.1BJNJ FY2020: $82.6BJNJ FY2021: $78.7BJNJ FY2022: $80BJNJ FY2023: $85.2BJNJ FY2024: $88.8BJNJ FY2025: $94.2BPFE FY2018: $40.8BPFE FY2019: $40.9BPFE FY2020: $41.7BPFE FY2021: $81.3BPFE FY2022: $101.2BPFE FY2023: $59.6BPFE FY2024: $63.6BPFE FY2025: $62.6BFY18FY19FY20FY21FY22FY23FY24FY25
JNJ $94.2BPFE $62.6B
Net income
JNJ FY2018: $15.3BJNJ FY2019: $15.1BJNJ FY2020: $14.7BJNJ FY2021: $20.9BJNJ FY2022: $17.9BJNJ FY2023: $35.2BJNJ FY2024: $14.1BJNJ FY2025: $26.8BPFE FY2018: $11.2BPFE FY2019: $16BPFE FY2020: $9.2BPFE FY2021: $22BPFE FY2022: $31.4BPFE FY2023: $2.1BPFE FY2024: $8BPFE FY2025: $7.8BFY18FY19FY20FY21FY22FY23FY24FY25
JNJ $26.8BPFE $7.8B
Net margin
JNJ FY2018: 18.8%JNJ FY2019: 18.4%JNJ FY2020: 17.8%JNJ FY2021: 26.5%JNJ FY2022: 22.4%JNJ FY2023: 41.3%JNJ FY2024: 15.8%JNJ FY2025: 28.5%PFE FY2018: 27.3%PFE FY2019: 39.2%PFE FY2020: 22.0%PFE FY2021: 27.0%PFE FY2022: 31.0%PFE FY2023: 3.6%PFE FY2024: 12.6%PFE FY2025: 12.4%FY18FY19FY20FY21FY22FY23FY24FY25
JNJ 28.5%PFE 12.4%
Revenue growth
JNJ FY2019: +0.6%JNJ FY2020: +0.6%JNJ FY2021: -4.7%JNJ FY2022: +1.6%JNJ FY2023: +6.5%JNJ FY2024: +4.3%JNJ FY2025: +6.0%PFE FY2019: +0.2%PFE FY2020: +1.8%PFE FY2021: +95.2%PFE FY2022: +24.5%PFE FY2023: -41.1%PFE FY2024: +6.8%PFE FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25
JNJ +6.0%PFE -1.6%
Free cash flow
JNJ FY2018: $18.5BJNJ FY2019: $19.9BJNJ FY2020: $20.2BJNJ FY2021: $19.8BJNJ FY2022: $17.2BJNJ FY2023: $18.2BJNJ FY2024: $19.8BJNJ FY2025: $19.7BPFE FY2018: $13.8BPFE FY2019: $10.5BPFE FY2020: $12.2BPFE FY2021: $29.9BPFE FY2022: $26BPFE FY2023: $4.8BPFE FY2024: $9.8BPFE FY2025: $9.1BFY18FY19FY20FY21FY22FY23FY24FY25
JNJ $19.7BPFE $9.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Johnson & Johnson and Pfizer

Which is bigger by revenue, Johnson & Johnson or Pfizer?

Johnson & Johnson is bigger by revenue: $94.2B in fiscal 2025, against $62.6B for Pfizer in fiscal 2025.

Which keeps more of its revenue as profit, Johnson & Johnson or Pfizer?

Johnson & Johnson had a net margin of 28.5% in fiscal 2025; Pfizer had 12.4% in fiscal 2025.

Which grew revenue faster, Johnson & Johnson or Pfizer?

In their latest fiscal years revenue changed by +6.0% at Johnson & Johnson and -1.6% at Pfizer.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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