Johnson & Johnson (JNJ)
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Johnson & Johnson: the healthcare compounder has to keep litigation from swallowing the pipeline
Johnson & Johnson reported FY2025 revenue of $94.2 billion, FY2025 net income of $26.8 billion and 2026 Q1 revenue of $24.1 billion. The thesis depends on pharma growth, medtech execution, litigation outcomes and cash conversion.
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