Johnson & Johnson

Name: Johnson & Johnson financial statements and ratios
Creator: Annalist

JNJ · NYSE · Health care, pharmaceuticals · United States · US GAAP · Fiscal year ends January

Latest report: Q2 FY2026, the quarter ended 28 June 2026, released 23 July 2026. Snapshot FY2026Q2_2e0fb014.

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Overview

Revenue, quarter

+6.6% year on year

Pre-tax income, quarter

+3.9% year on year

Net income, quarter

−0.1% year on year

Diluted EPS, quarter

−0.9% year on year

Pre-tax margin, last 4 quarters

−4.4pp year on year

Return on equity, last 4 quarters

−4.5pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 28 June 2026 was US$25.3 billion, 6.6% higher than in the same quarter a year earlier.
Weakenedin Q2 FY2026 · stated since Q2 FY2024
Rule: Revenue against a year earlier · Sources 10-Q 2026-06
History of this finding, 9 records
1. Q2 FY2026 WeakenedRevenue for the quarter ended 28 June 2026 was US$25.3 billion, 6.6% higher than in the same quarter a year earlier.Recorded from FY2026Q2_eac8f3eb · data update
2. Q1 FY2026 ConfirmedRevenue for the quarter ended 29 March 2026 was US$24.1 billion, 9.9% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q4 FY2025 StrengthenedRevenue for the quarter ended 28 December 2025 was US$24.6 billion, 9.1% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q3 FY2025 ConfirmedRevenue for the quarter ended 28 September 2025 was US$24.0 billion, 6.8% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q2 FY2025 StrengthenedRevenue for the quarter ended 29 June 2025 was US$23.7 billion, 5.8% higher than in the same quarter a year earlier.Reconstructed · data update
6. Q1 FY2025 WeakenedRevenue for the quarter ended 30 March 2025 was US$21.9 billion, 2.4% higher than in the same quarter a year earlier.Reconstructed · data update
7. Q4 FY2024 ConfirmedRevenue for the quarter ended 29 December 2024 was US$22.5 billion, 12.9% higher than in the same quarter a year earlier.Reconstructed · data update
8. Q3 FY2024 StrengthenedRevenue for the quarter ended 29 September 2024 was US$22.5 billion, 12.4% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q2 FY2024 NewRevenue for the quarter ended 30 June 2024 was US$22.4 billion, 11.0% higher than in the same quarter a year earlier.Reconstructed · initial
Net income attributable to the company was US$5.5 billion, 0.1% lower than in the same quarter a year earlier.
Weakenedin Q2 FY2026 · stated since Q1 FY2026
Rule: Net income against a year earlier · Sources 10-Q 2026-06
History of this finding, 11 records
1. Q2 FY2026 WeakenedNet income attributable to the company was US$5.5 billion, 0.1% lower than in the same quarter a year earlier.Recorded from FY2026Q2_eac8f3eb · data update
2. Q1 FY2026 NewNet income attributable to the company was US$5.2 billion, 52.4% lower than in the same quarter a year earlier.Reconstructed · data update
3. Q1 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
4. Q4 FY2025 WeakenedNet income attributable to the company was US$5.1 billion, 49.1% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q3 FY2025 StrengthenedNet income attributable to the company was US$5.2 billion, 91.2% higher than in the same quarter a year earlier.Reconstructed · data update
6. Q2 FY2025 WeakenedNet income attributable to the company was US$5.5 billion, 18.2% higher than in the same quarter a year earlier.Reconstructed · data update
7. Q1 FY2025 NewNet income attributable to the company was US$11.0 billion, 237.9% higher than in the same quarter a year earlier.Reconstructed · data update
8. Q1 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
9. Q4 FY2024 WeakenedNet income attributable to the company was US$3.4 billion, 2.5% lower than in the same quarter a year earlier.Reconstructed · data update
10. Q3 FY2024 StrengthenedNet income attributable to the company was US$2.7 billion, 39.6% lower than in the same quarter a year earlier.Reconstructed · data update
11. Q2 FY2024 NewNet income attributable to the company was US$4.7 billion, 2.7% lower than in the same quarter a year earlier.Reconstructed · initial
Return on equity over the last 4 quarters was 25.7%, against 30.2% a year earlier.
Strengthenedin Q2 FY2026 · stated since Q1 FY2026
Rule: Return on equity against a year earlier · Sources 10-Q 2025-06, 10-Q 2026-06, 10-Q 2025-09 and 3 more
History of this finding, 9 records
1. Q2 FY2026 StrengthenedReturn on equity over the last 4 quarters was 25.7%, against 30.2% a year earlier.Recorded from FY2026Q2_eac8f3eb · data update
2. Q1 FY2026 NewReturn on equity over the last 4 quarters was 26.4%, against 29.4% a year earlier.Reconstructed · data update
3. Q1 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
4. Q4 FY2025 NewReturn on equity over the last 4 quarters was 35.0%, against 19.0% a year earlier.Reconstructed · data update
5. Q4 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
6. Q3 FY2025 ConfirmedReturn on equity over the last 4 quarters was 33.6%.Reconstructed · data update
7. Q2 FY2025 ConfirmedReturn on equity over the last 4 quarters was 30.2%.Reconstructed · data update
8. Q1 FY2025 ConfirmedReturn on equity over the last 4 quarters was 29.4%.Reconstructed · data update
9. Q4 FY2024 NewReturn on equity over the last 4 quarters was 19.0%.Reconstructed · initial
Free cash flow over the last 4 quarters was US$22.2 billion, and operating cash flow was 1.3 times net income attributable to the company.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Strengthenedin Q2 FY2026 · stated since Q2 FY2024
Rule: Free cash flow · Sources 10-Q 2025-06, 10-Q 2025-09, 10-K 2025-12 and 2 more
History of this finding, 9 records
1. Q2 FY2026 StrengthenedFree cash flow over the last 4 quarters was US$22.2 billion, and operating cash flow was 1.3 times net income attributable to the company.Recorded from FY2026Q2_eac8f3eb · data update
2. Q1 FY2026 WeakenedFree cash flow over the last 4 quarters was US$17.8 billion, and operating cash flow was 1.1 times net income attributable to the company.Reconstructed · data update
3. Q4 FY2025 ConfirmedFree cash flow over the last 4 quarters was US$19.7 billion, and operating cash flow was 0.9 times net income attributable to the company.Reconstructed · data update
4. Q3 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$19.6 billion, and operating cash flow was 1.0 times net income attributable to the company.Reconstructed · data update
5. Q2 FY2025 WeakenedFree cash flow over the last 4 quarters was US$18.5 billion, and operating cash flow was 1.0 times net income attributable to the company.Reconstructed · data update
6. Q1 FY2025 ConfirmedFree cash flow over the last 4 quarters was US$20.4 billion, and operating cash flow was 1.1 times net income attributable to the company.Reconstructed · data update
7. Q4 FY2024 StrengthenedFree cash flow over the last 4 quarters was US$19.8 billion, and operating cash flow was 1.7 times net income attributable to the company.Reconstructed · data update
8. Q3 FY2024 StrengthenedFree cash flow over the last 4 quarters was US$18.2 billion, and operating cash flow was 1.6 times net income attributable to the company.Reconstructed · data update
9. Q2 FY2024 NewFree cash flow over the last 4 quarters was US$16.6 billion, and operating cash flow was 1.3 times net income attributable to the company.Reconstructed · initial
Net debt was US$28.3 billion at 28 June 2026.
Weakenedin Q2 FY2026 · stated since Q2 FY2024
Rule: Net debt or net cash · Sources 10-Q 2026-06
History of this finding, 9 records
1. Q2 FY2026 WeakenedNet debt was US$28.3 billion at 28 June 2026.Recorded from FY2026Q2_eac8f3eb · data update
2. Q1 FY2026 StrengthenedNet debt was US$32.9 billion at 29 March 2026.Reconstructed · data update
3. Q4 FY2025 StrengthenedNet debt was US$29.8 billion at 28 December 2025.Reconstructed · data update
4. Q3 FY2025 WeakenedNet debt was US$27.2 billion at 28 September 2025.Reconstructed · data update
5. Q2 FY2025 StrengthenedNet debt was US$31.9 billion at 29 June 2025.Reconstructed · data update
6. Q1 FY2025 ConfirmedNet debt was US$13.5 billion at 30 March 2025.Reconstructed · data update
7. Q4 FY2024 WeakenedNet debt was US$13.9 billion at 29 December 2024.Reconstructed · data update
8. Q3 FY2024 ConfirmedNet debt was US$15.5 billion at 29 September 2024.Reconstructed · data update
9. Q2 FY2024 NewNet debt was US$16.0 billion at 30 June 2024.Reconstructed · initial

Records before Q2 FY2026 are reconstructed from the latest snapshot. Ledger: findings.json. Correction of 18 October 2026: Fiscal years ending in the first days of January carried the label of the following year: fiscal 2022, which ended on 1 January 2023, appeared as FY2023, and fiscal 2023 was missing. Records 1 to 27, for FY2023, FY2024 and Q2 to Q4 FY2024, compare with the wrong year; record 81 corrects the latest finding that changed. Correction of 20 October 2026: The quarters of Johnson & Johnson around the separation of its consumer health business mixed figures before and after it: revenue of US$9.77 billion for the fourth quarter of 2021, where its filings give US$24.80 billion. Each quarter now comes from one set of filings. Interest expense of 15 quarters came from a line that differs from the one of its latest filings and is no longer published. Dividends per share of 6 quarters derived from the figures of 2 filings are no longer published. No finding cites the figures. Correction of 22 October 2026: Changes against a year earlier compared 2 figures of different bases where a stock split, a spin-off or a restatement came between the 2 periods. 5 growth values changed, among them revenue growth for fiscal 2021, minus 4.7% before the correction and 13.6% on one basis. No finding states the changes concerned.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents28 documents, latest Form 10-Q, period ended 28 June 2026List

DownloadsExcel workbook · JSON

SnapshotFY2026Q2_2e0fb014

Corporate Events

Acquisitions paid in cash28 December 2025
Paid US$17.5 billion in cash for business acquisitions in fiscal 2025, 9.7% of total assets at the start of the year.
Source 10-Q 2026-03
Restatement13 February 2025
Restated revenue for fiscal 2022 from US$94.9 billion to US$80.0 billion.
Source 10-K 2024-12
Acquisitions paid in cash29 December 2024
Paid US$15.1 billion in cash for business acquisitions in fiscal 2024, 9.0% of total assets at the start of the year.
Source 10-K 2025-12
Restatement16 February 2024
Restated revenue for fiscal 2021 from US$93.8 billion to US$78.7 billion.
Source 10-K 2023-12
Discontinued operations31 December 2023
Reported discontinued operations for fiscal 2023, with net income of US$21.8 billion from them.
Source 10-K 2025-12
Spin-off23 August 2023
Completed the spin-off of Kenvue Inc.
Source 8-K 2023-08
Discontinued operations1 January 2023
Reported discontinued operations for fiscal 2022, with net income of US$1.6 billion from them.
Source 10-K 2024-12
Acquisitions paid in cash1 January 2023
Paid US$17.7 billion in cash for business acquisitions in fiscal 2022, 9.7% of total assets at the start of the year.
Source 10-K 2024-12

2 earlier events

Acquisition22 December 2022
Completed an acquisition.
Source 8-K 2022-12
Discontinued operations2 January 2022
Reported discontinued operations for fiscal 2021, with net income of US$3.1 billion from them.
Source 10-K 2023-12

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Income Before Income Taxes

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Margins

Last 4 quarters at each quarter end, per cent

Returns

Last 4 quarters, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by quarter, US dollars

Net Debt

Total debt less cash and short-term investments, at quarter end, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

Q2 FY2026

Form 10-Q, period ended 28 June 2026, filed 23 July 2026. Changes are against the previous report, and each figure shows its period.

5changes0thresholds crossed

Changes in This Report 5

WeakenedRevenue Against a Year Earlier10-Q 2026-06
Revenue for the quarter ended 28 June 2026 was US$25.3 billion, 6.6% higher than in the same quarter a year earlier.
Earlier record, Q1 FY2026
Revenue for the quarter ended 29 March 2026 was US$24.1 billion, 9.9% higher than in the same quarter a year earlier.
WeakenedNet Income Against a Year Earlier10-Q 2026-06
Net income attributable to the company was US$5.5 billion, 0.1% lower than in the same quarter a year earlier.
Earlier record, Q1 FY2026
Net income attributable to the company was US$5.2 billion, 52.4% lower than in the same quarter a year earlier.
StrengthenedReturn on Equity Against a Year Earlier10-Q 2026-06
Return on equity over the last 4 quarters was 25.7%, against 30.2% a year earlier.
Earlier record, Q1 FY2026
Return on equity over the last 4 quarters was 26.4%, against 29.4% a year earlier.
StrengthenedFree Cash Flow10-Q 2026-06
Free cash flow over the last 4 quarters was US$22.2 billion, and operating cash flow was 1.3 times net income attributable to the company.
Earlier record, Q1 FY2026
Free cash flow over the last 4 quarters was US$17.8 billion, and operating cash flow was 1.1 times net income attributable to the company.

1 more change

WeakenedNet Debt or Net Cash10-Q 2026-06
Net debt was US$28.3 billion at 28 June 2026.
Earlier record, Q1 FY2026
Net debt was US$32.9 billion at 29 March 2026.

Thresholds Crossed 0

No published finding crosses a threshold.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsDebt to EBITDA 1.42x, FFO to debt 60.2% · Q2 FY2026

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt was 1.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 60.2% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the minimal band is number 1 of 6, and a higher number means more debt against earnings.
Confirmedin Q2 FY2026 · stated since FY2025
Rule: Debt against the S&P benchmark bands · Sources 10-K 2025-12, 10-Q 2026-06, 10-Q 2025-06 and 2 more
History of this finding, 6 records
1. Q2 FY2026 ConfirmedLease-adjusted debt was 1.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 60.2% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025.Recorded from FY2026Q2_2b185b04 · methodology
2. FY2025 ConfirmedLease-adjusted debt was 1.2 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 66.6% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Recorded from FY2026Q2_2b185b04 · methodology
3. FY2025 NewLease-adjusted debt was 1.2 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 66.6% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Reconstructed · data update
4. Q4 FY2025 RetiredThe finding changed to the minimal band.Reconstructed · data update
5. FY2024 ConfirmedLease-adjusted debt was 1.5 times adjusted EBITDA for fiscal 2024, and funds from operations equalled 44.2% of that debt. Debt to EBITDA is within the modest band of the S&P standard volatility table and FFO to debt within the intermediate band.Reconstructed · data update
6. FY2023 NewLease-adjusted debt was 1.5 times adjusted EBITDA for fiscal 2023, and funds from operations equalled 51.3% of that debt. Both ratios are within the modest band of the S&P standard volatility table.Reconstructed · initial

Position in the S&P Standard Volatility Table, Last 4 Quarters to Q2 FY2026

S&P sorts companies into 6 bands by debt against earnings and cash flow, from the least debt to the most.

Debt equals 1.4 years of adjusted EBITDA; a year of funds from operations equals 60.2% of it.

Band	Minimal	Modest	Intermediate	Significant	Aggressive	Highly leveraged
Debt to EBITDA	1.42xbelow 1.5x	1.5x to 2x	2x to 3x	3x to 4x	4x to 5x	5x and above
FFO to debt	60.2%60% and above	45% to 60%	30% to 45%	20% to 30%	12% to 20%	below 12%

By Fiscal Year

Ratio	FY20212 Jan 2022	FY20221 Jan 2023	FY202331 Dec 2023	FY202429 Dec 2024	FY202528 Dec 2025	Q2 FY2026latest quarter
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt + operating lease liabilities						est.
Adjusted EBITDAOperating profit before depreciation, amortisation, goodwill impairment, pay in shares and lease costs: the earnings that credit analysts set against lease-adjusted debt.EBIT + depreciation and amortisation + goodwill impairment + share-based compensation + operating lease cost	n/a					est.
Funds from operationsAdjusted EBITDA less interest and tax paid in cash: the cash the business produces each year for investment, dividends and debt repayment.Adjusted EBITDA - cash interest - lease interest - cash taxes	n/a					est.
Debt to EBITDALease-adjusted debt measured in years of adjusted EBITDA. A figure of 3 means debt equals 3 years of those earnings; a lower figure means less debt against earnings.Lease-adjusted debt / adjusted EBITDA	n/a	modest	minimal	modest	minimal	est.minimal
FFO to debtFunds from operations as a share of lease-adjusted debt. A figure of 25% means a year of those funds equals a quarter of the debt; a higher figure means less debt.Funds from operations / lease-adjusted debt	n/a	modest	intermediate	intermediate	minimal	est.minimal
Net debt to adjusted EBITDADebt to EBITDA after cash and short-term investments are set against the debt.(Lease-adjusted debt - cash - short-term investments) / adjusted EBITDA	n/a					est.
Operating cash flow to debtOperating cash flow, with lease costs added back, as a share of lease-adjusted debt. A higher share means the debt could be repaid sooner from operating cash.Lease-adjusted operating cash flow / lease-adjusted debt						est.
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Lease-adjusted operating cash flow - capital expenditure) / lease-adjusted debt						est.
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Lease-adjusted operating cash flow - capital expenditure - dividends - repurchases of common stock) / lease-adjusted debt						est.
Retained cash flow to net debtFunds from operations left after dividends, as a share of debt net of cash.(FFO - dividends) / (lease-adjusted debt - cash - short-term investments)	n/a					est.
FFO cash interest coverThe number of times cash earnings cover cash interest, lease interest included.(FFO + cash interest + lease interest) / (cash interest + lease interest)	n/a					est.
EBITDA interest coverThe number of times adjusted EBITDA covers interest, lease interest included.Adjusted EBITDA / (interest expense + lease interest)	n/a					est.
EBITA interest coverOperating profit before the amortisation of acquired intangible assets and goodwill impairment, divided by interest expense.(EBIT + amortisation of intangible assets + goodwill impairment) / interest expense	n/a
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt						est.

Reconciliation of the Credit Figures

Item	FY20212 Jan 2022	FY20221 Jan 2023	FY202331 Dec 2023	FY202429 Dec 2024	FY202528 Dec 2025	Q2 FY2026latest quarter
Total debt	$35.9bn	$41.2bn	$30.8bn	$38.4bn	$49.9bn	$49.0bn
Operating lease liabilities	$1.0bn	$1.3bn	$1.1bn	$1.2bn	$1.4bn	$1.4bn
Lease-adjusted debt	$36.9bn	$42.5bn	$31.9bn	$39.6bn	$51.3bn	$50.4bn
EBIT	n/a	$19.6bn	$15.8bn	$17.4bn	$33.6bn	$26.2bn
Depreciation and amortisation	n/a	$7.0bn	$7.5bn	$7.3bn	$7.5bn	$7.8bn
Goodwill impairment	n/a	$0	$0	$0	$0	$0
Share-based compensation	n/a	$1.1bn	$1.2bn	$1.2bn	$1.4bn	$1.4bn
Operating lease cost	n/a	$200m	$200m	$200m	$200m	$200m
Adjusted EBITDA	n/a	$27.9bn	$24.7bn	$26.2bn	$42.6bn	$35.6bn
Cash interest	n/a	−$933m	−$1.8bn	−$1.9bn	−$1.9bn	−$1.0bn
Lease interest	n/a	−$8.2m	−$25.7m	−$25.1m	−$28.6m	−$26.4m
Cash taxes	n/a	−$5.2bn	−$8.6bn	−$6.7bn	−$6.5bn	−$4.2bn
Funds from operations	n/a	$21.8bn	$14.3bn	$17.5bn	$34.2bn	$30.4bn

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.
Operating lease cost is reported in the annual report only. Over the last 4 quarters, the lease figures that the quarters do not report are estimated from the latest fiscal year, and every value computed with such an estimate is marked.

Liquidity and MaturitiesLiquidity cover 2.84x, Debt due within 12 months $11.7bn · Q2 FY2026

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends, with the debt maturities of the latest annual report.

Cash, short-term investments and operating cash flow over the last 4 quarters equalled 2.8 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow pay for the debt due in the next 12 months, capital expenditure and dividends, without new borrowing. Undrawn credit lines are not counted.
Confirmedin Q2 FY2026 · stated since Q2 FY2024
Rule: Liquidity cover · Sources 10-Q 2026-06, 10-Q 2025-06, 10-Q 2025-09 and 2 more
History of this finding, 11 records
1. Q2 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.8 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q2_2b185b04 · methodology
2. Q2 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.8 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q2_2b185b04 · methodology
3. Q2 FY2026 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.8 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q2_eac8f3eb · data update
4. Q1 FY2026 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.0 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
5. Q4 FY2025 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.9 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
6. Q3 FY2025 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 3.9 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
7. Q2 FY2025 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.6 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
8. Q1 FY2025 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 3.5 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
9. Q4 FY2024 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.0 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
10. Q3 FY2024 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.8 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
11. Q2 FY2024 NewCash, short-term investments and operating cash flow over the last 4 quarters equalled 3.3 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Last 4 Quarters to Q2 FY2026

Sources	Amount
Cash and short-term investments	$20.8bn
Operating cash flow	$27.6bn
Sources	$48.4bn

Uses	Amount
Debt due within 12 months	$11.7bn
Capital expenditure	$5.4bn
Dividends paid	$0
Uses	$17.1bn

Liquidity cover 2.84x

Debt Maturities at 28 December 2025

Principal due by fiscal year, US dollars

FY2026	FY2027	FY2028	FY2029	FY2030	After FY2030	Total
$2.0bn	$3.2bn	$3.1bn	$2.2bn	$2.7bn	$28.3bn	$41.4bn

By Fiscal Year

Ratio	FY20212 Jan 2022	FY20221 Jan 2023	FY202331 Dec 2023	FY202429 Dec 2024	FY202528 Dec 2025	Q2 FY2026latest quarter
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings due within the next 12 months, which the company must repay or refinance.The larger of long-term debt maturing within 12 months in the maturity schedule and the current portion of long-term debt, + short-term borrowings
Maturity concentrationThe largest amount of debt due in a single year of the next 5, as a share of the debt in the schedule. A high share means the repayments are concentrated in 1 year.Largest single year of debt maturing within 5 years / total debt in the maturity schedule						n/a

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −3.3% · Q2 FY2026

Accruals and the cash backing of reported earnings.

Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.3% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Confirmedin Q2 FY2026 · stated since Q1 FY2026
Rule: Cash backing of earnings · Sources 10-Q 2025-06, 10-Q 2026-06, 10-Q 2025-09 and 2 more
History of this finding, 12 records
1. Q2 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.3% of average total assets.Recorded from FY2026Q2_2b185b04 · methodology
2. Q2 FY2026 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.3% of average total assets.Recorded from FY2026Q2_eac8f3eb · data update
3. Q1 FY2026 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 0.9% of average total assets.Reconstructed · data update
4. Q1 FY2026 RetiredThe finding changed to earnings backed by cash.Reconstructed · data update
5. Q4 FY2025 StrengthenedNet income attributable to the company over the last 4 quarters exceeded operating cash flow by an amount equal to 1.2% of average total assets.Reconstructed · data update
6. Q3 FY2025 NewNet income attributable to the company over the last 4 quarters exceeded operating cash flow by an amount equal to 0.5% of average total assets.Reconstructed · data update
7. Q3 FY2025 RetiredThe finding changed to earnings led by accruals.Reconstructed · data update
8. Q2 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 0.2% of average total assets.Reconstructed · data update
9. Q1 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 1.6% of average total assets.Reconstructed · data update
10. Q4 FY2024 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.6% of average total assets.Reconstructed · data update
11. Q3 FY2024 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.8% of average total assets.Reconstructed · data update
12. Q2 FY2024 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 2.8% of average total assets.Reconstructed · initial

Net Income and Operating Cash Flow

Last 4 quarters at each quarter end, US dollars

By Fiscal Year

Ratio	FY20212 Jan 2022	FY20221 Jan 2023	FY202331 Dec 2023	FY202429 Dec 2024	FY202528 Dec 2025	Q2 FY2026latest quarter
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company
Working capital investment to revenueCash put into receivables and stock, less extra credit from suppliers and customers, as a share of revenue. A positive figure means growth or slower collection uses cash.(Increase in receivables + increase in inventories - increase in payables - increase in contract liabilities) / revenue

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 4.67, Beneish −2.26 · Piotroski 4 of 9 · Last 4 quarters 4.59 at Q2 FY2026 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 4.67, above the safe threshold of 2.60.
Interpretation. By this model, the balance sheet and earnings look like those of companies that did not go bankrupt in its original study: above 2.60 means safe, below 1.10 distress.
Strengthenedin FY2025 · stated since FY2023
Rule: Altman Z'' zone · Sources 10-Q 2026-06, 10-K 2025-12
History of this finding, 3 records
1. FY2025 StrengthenedThe Altman Z'' score for fiscal 2025 was 4.67, above the safe threshold of 2.60.Reconstructed · data update
2. FY2024 StrengthenedThe Altman Z'' score for fiscal 2024 was 4.36, above the safe threshold of 2.60.Reconstructed · data update
3. FY2023 NewThe Altman Z'' score for fiscal 2023 was 3.65, above the safe threshold of 2.60.Reconstructed · initial
The Beneish M-score for fiscal 2025 was minus 2.26, below the model threshold of minus 1.78.
Interpretation. The model finds no sign of earnings manipulation. Beneish (1999) set a threshold of minus 1.78, above which a company resembles the companies that manipulated their earnings.
Weakenedin FY2025 · stated since FY2023
Rule: Beneish M-score against its threshold · Sources 10-K 2025-12, 10-Q 2026-06
History of this finding, 3 records
1. FY2025 WeakenedThe Beneish M-score for fiscal 2025 was minus 2.26, below the model threshold of minus 1.78.Reconstructed · data update
2. FY2024 StrengthenedThe Beneish M-score for fiscal 2024 was minus 2.71, below the model threshold of minus 1.78.Reconstructed · data update
3. FY2023 NewThe Beneish M-score for fiscal 2023 was minus 2.61, below the model threshold of minus 1.78.Reconstructed · initial
The Piotroski F-score for fiscal 2025 was 4 of 9. The 5 signals not met were operating cash flow above net income, long-term debt to assets lower than a year earlier, current ratio higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 4 to 6 is the middle group: Piotroski (2000) placed 7 to 9 in the strongest group and 0 to 3 in the weakest.
Confirmedin FY2025 · stated since FY2023
Rule: Piotroski F-score · Sources 10-K 2024-12, 10-K 2025-12, 10-Q 2026-06
History of this finding, 4 records
1. FY2025 ConfirmedThe Piotroski F-score for fiscal 2025 was 4 of 9. The 5 signals not met were operating cash flow above net income, long-term debt to assets lower than a year earlier, current ratio higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.Recorded from FY2026Q2_55dcfa1f · correction
2. FY2025 ConfirmedThe Piotroski F-score for fiscal 2025 was 5 of 9. The 4 signals not met were operating cash flow above net income, long-term debt to assets lower than a year earlier, current ratio higher than a year earlier and margin higher than a year earlier.Reconstructed · data update
3. FY2024 ConfirmedThe Piotroski F-score for fiscal 2024 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, long-term debt to assets lower than a year earlier and margin higher than a year earlier.Reconstructed · data update
4. FY2023 NewThe Piotroski F-score for fiscal 2023 was 5 of 9. The 4 signals not met were return on assets higher than a year earlier, current ratio higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · initial

By Fiscal Year

Ratio	FY20212 Jan 2022	FY20221 Jan 2023	FY202331 Dec 2023	FY202429 Dec 2024	FY202528 Dec 2025	Q2 FY2026latest quarter
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	n/a	safe zone	safe zone	safe zone	safe zone	safe zone
Beneish M-scoreA screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.-4.84 + 0.920 DSRI + 0.528 GMI + 0.404 AQI + 0.892 SGI + 0.115 DEPI - 0.172 SGAI + 4.679 TATA - 0.327 LVGI (Beneish, 1999); model threshold -1.78	below threshold	below threshold	below threshold	below threshold	below threshold	n/a
Dechow F-scoreThe probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.Predicted probability of a misstatement (model 1 of Dechow, Ge, Larson and Sloan, 2011) / 0.0037, the unconditional probability; 1 equals the base rate	n/a					n/a
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a					n/a

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

Grey zone, 1.10 to 2.60

4.67Safe zone, above 2.60

The score of 4.67 is in the safe zone of the model, above 2.60. The largest part is retained earnings, at 2.77.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.008	6.560	0.049
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.848	3.260	2.765
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.168	6.720	1.132
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.693	1.050	0.728
Score			4.674

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Beneish M-score

fiscal 2025

A screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.

−2.26Below the threshold, −1.78 and below

Above the threshold, above −1.78

The score of minus 2.26 is below the model threshold of minus 1.78. Of the 8 measures, receivables against sales raises the score most.

Part	Value	Coefficient	Contribution
Intercept			−4.840
Days sales in receivables indexReceivables against sales, against a year earlier. A rise can mean sales recorded before customers pay.	1.091	0.920	1.004
Gross margin indexGross margin a year earlier against the current gross margin. Above 1, margins fell, which the model treats as a risk factor.	1.018	0.528	0.537
Asset quality indexAssets other than current assets and property, plant and equipment, as a share of total assets, against a year earlier. A rise can mean more costs recorded as assets.	1.050	0.404	0.424
Sales growth indexSales against a year earlier. The model treats fast growth as a risk factor.	1.060	0.892	0.946
Depreciation indexThe rate of depreciation a year earlier against the current rate. Above 1, depreciation slowed, which raises profit.	1.077	0.115	0.124
Selling, general and administrative expenses indexOverheads against sales, against a year earlier.	0.976	−0.172	−0.168
Total accruals to total assetsNet income less operating cash flow, against total assets: profit not backed by cash. It carries the largest coefficient in the model.	0.011	4.679	0.053
Leverage indexDebt against total assets, against a year earlier.	1.045	−0.327	−0.342
Score			−2.261

Beneish (1999), estimated on 74 companies identified as earnings manipulators in SEC enforcement releases and the press for 1982 to 1992, against 2,332 Compustat companies. The model classes a score above minus 1.78 with the first group. An index whose inputs are not reported counts as 1.

Dechow F-score

fiscal 2025

The probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.

A score of 1.40 means a probability of a misstatement 1.40 times the average rate in the Dechow sample: 0.52% against 0.37%.

Part	Value	Coefficient	Contribution
Intercept			−7.893
Total accruals (Richardson, Sloan, Soliman and Tuna)Total accruals: the growth of operating and financial assets net of liabilities, against average assets.	0.076	0.790	0.060
Change in receivables / average total assetsThe growth of receivables against average assets.	0.012	2.518	0.031
Change in inventories / average total assetsThe growth of stock against average assets.	0.009	1.191	0.011
Assets other than cash and property, plant and equipment / total assetsAssets other than cash and property, plant and equipment, as a share of total assets: assets whose value depends more on judgement.	0.785	1.979	1.553
Change in cash salesThe growth of sales collected in cash.	0.034	0.171	0.006
Change in return on assetsThe change in return on assets against a year earlier. A fall raises the score.	0.060	−0.932	−0.056
Debt or equity issued in the year, 1 or 01 when the company issued shares or debt in the year.	1.000	1.029	1.029
Predicted value			−5.259
Probability of a misstatement			0.52%

Model 1 of Dechow, Ge, Larson and Sloan (2011), estimated on misstatements named in SEC Accounting and Auditing Enforcement Releases. The score is the predicted probability of a misstatement over 0.37%, the unconditional probability in their sample, so 1.00 equals that base rate.

Piotroski F-score

fiscal 2025

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

4 of the 9 tests are met, in the middle group of 4 to 6.

Signal	FY2025	FY2024
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Met	Not met
Operating cash flow above net income	Not met	Met
Long-term debt to assets lower than a year earlier	Not met	Not met
Current ratio higher than a year earlier	Not met	Not met
No common equity issued	Met	Met
Margin higher than a year earlier	Not met	Met
Asset turnover higher than a year earlier	Not met	Met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 10-Q, period ended 28 June 2026	23 Jul 2026	10-Q:0000200406-26-000153
Form 10-Q, period ended 29 March 2026	22 Apr 2026	10-Q:0000200406-26-000087
Form 10-K, period ended 28 December 2025	11 Feb 2026	10-K:0000200406-26-000016
Form 10-Q, period ended 28 September 2025	22 Oct 2025	10-Q:0000200406-25-000209
Form 10-Q, period ended 29 June 2025	24 Jul 2025	10-Q:0000200406-25-000178
Form 10-Q, period ended 30 March 2025	23 Apr 2025	10-Q:0000200406-25-000119
Form 10-K, period ended 29 December 2024	13 Feb 2025	10-K:0000200406-25-000038
Form 10-Q, period ended 29 September 2024	23 Oct 2024	10-Q:0000200406-24-000096
Form 10-Q, period ended 30 June 2024	25 Jul 2024	10-Q:0000200406-24-000075
Form 10-Q, period ended 31 March 2024	1 May 2024	10-Q:0000200406-24-000049
Form 10-K, period ended 31 December 2023	16 Feb 2024	10-K:0000200406-24-000013
Form 10-Q, period ended 1 October 2023	27 Oct 2023	10-Q:0000200406-23-000102
Form 8-K, period ended 23 August 2023	25 Aug 2023	8-K:0000200406-23-000086
Form 10-Q, period ended 2 July 2023	31 Jul 2023	10-Q:0000200406-23-000082
Form 10-Q, period ended 2 April 2023	28 Apr 2023	10-Q:0000200406-23-000056
Form 10-K, period ended 1 January 2023	16 Feb 2023	10-K:0000200406-23-000016
Form 8-K, period ended 22 December 2022	22 Dec 2022	8-K:0001193125-22-311072
Form 10-Q, period ended 2 October 2022	27 Oct 2022	10-Q:0000200406-22-000086
Form 10-Q, period ended 3 July 2022	29 Jul 2022	10-Q:0000200406-22-000071
Form 10-Q, period ended 3 April 2022	29 Apr 2022	10-Q:0000200406-22-000048
Form 10-K, period ended 2 January 2022	17 Feb 2022	10-K:0000200406-22-000022
Form 10-Q, period ended 3 October 2021	29 Oct 2021	10-Q:0000200406-21-000070
Form 10-Q, period ended 4 July 2021	29 Jul 2021	10-Q:0000200406-21-000057
Form 10-Q, period ended 4 April 2021	30 Apr 2021	10-Q:0000200406-21-000036
Form 10-K, period ended 3 January 2021	22 Feb 2021	10-K:0000200406-21-000008
Form 10-Q, period ended 27 September 2020	23 Oct 2020	10-Q:0000200406-20-000056
Form 10-Q, period ended 28 June 2020	24 Jul 2020	10-Q:0000200406-20-000050
Form 10-Q, period ended 29 March 2020	29 Apr 2020	10-Q:0000200406-20-000035

Checks

301284 of 301 checks passed, 17 warnings

Fiscal calendar68 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Quarters and fiscal year111 of 126 passedThe 4 quarters of every item add up to its fiscal year, or a later filing restated the year. Checked at error level; a difference that a later report explains is a warning, which does not stop publication.

Revenue, FY2021: $93,775m against $78,740m

Cost of revenue, FY2021: $29,855m against $23,402m

Gross profit, FY2021: $63,920m against $55,338m

Research and development expense, FY2021: $14,714m against $14,277m

Selling, general and administrative expense, FY2021: $24,659m against $20,118m

Income before income taxes, FY2021: $22,776m against $19,178m

Withheld values2 values withheldA value that contradicts the definition of its item, or that documents report in contradiction, is withheld. Checked at warning level.

Proceeds from issuance of long-term debt, Q3 FY2022: withheld, negative where the item cannot be negative

Proceeds from issuance of long-term debt, Q3 FY2023: withheld, negative where the item cannot be negative

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity26 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Balance sheet structure26 passedTotal assets equal liabilities, temporary equity and total equity. Checked at warning level.

Debt maturities6 passedThe debt maturity schedule adds up to the long-term debt. Checked at warning level.

Quarters and 9 months8 passedThe 3 reported quarters of a fiscal year add up to the reported 9-month figure. Checked at error level.

Gross profit32 passedRevenue less cost of revenue equals reported gross profit. Checked at warning level.

Earnings per share6 passedNet income divided by average shares agrees with reported basic earnings per share. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	1,375
Proven by a check	50.5%, 695 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	20.0%, 275 values
Values withheld	2
Restated figures tracked	63
Changes compared on one basis	10
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Johnson & Johnson, snapshot johnson-and-johnson/FY2026Q2_2e0fb014 (as of FY2026 Q2); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2026Q2_2e0fb014 · dataset SHA-256 2e0fb014d09f8ceabd715218ca3a7cf7beddef22424a1ba6058e8b9502120f13 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json