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Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide. It operates in two segments, In...
The following section summarizes insights on Johnson & Johnson's Effective Tax Rate:
We've identified the following companies as similar to Johnson & Johnson because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Effective Tax Rate in the efficiency category include:
A ratio that measures the GAAP tax rate applicable to the earnings after all expenses have been deducted by the business.
The Effective Tax Rate is calculated as follows:
Provision For Taxes
(/) Earnings Before Taxes
(=) Effective Tax Rate
The effective tax rate represents the percentage of Earnings Before Tax paid out in taxes.
Effective Tax Rate for Johnson & Johnson is calculated as follows:
Provision For Taxes [ $2.621 B ]
(/) Earnings Before Taxes [ $16.687 B ]
(=) Effective Tax Rate [ 15.7% ]
The tables below summarizes the trend in Johnson & Johnson’s effective tax rate over the last five years:
| Fiscal Year | Dividends | Earnings Before Taxes | Effective Tax Rate |
|---|---|---|---|
| 2021-01-03 | $1.783 B | $16.497 B | 10.8% |
| 2022-01-02 | $1.377 B | $19.178 B | 7.2% |
| 2023-01-01 | $2.989 B | $19.359 B | 15.4% |
| 2023-12-31 | $1.736 B | $15.062 B | 11.5% |
| 2024-12-29 | $2.621 B | $16.687 B | 15.7% |
Read more about ebt, incl. unusual items and income tax expense
The chart above depicts the distribution of effective tax rate for companies operating in the Healthcare sector in the Developed economic region. Over 3,175 companies were considered in this analysis, and 1,468 had meaningful values. The average effective tax rate of companies in the sector is 9.2% with a standard deviation of 13.8%.
Johnson & Johnson's Effective Tax Rate of 15.7% ranks in the 68.5% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,180 |
| Included Constituents | 1,468 |
| Min | -32.0% |
| Max | 52.8% |
| Median | 3.5% |
| Mean | 9.2% |
| Standard Deviation | 13.8% |
You can find companies with similar effective tax rate using this stock screener.