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AMGN vs. JNJ: Amgen vs. Johnson & Johnson Stock Comparison

How do Amgen (AMGN) and Johnson & Johnson (JNJ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Amgen (AMGN) and Johnson & Johnson (JNJ) both fall under the Pharmaceuticals, Biotechnology & Life Sciences industry group, but AMGN is classified in Biotechnology while JNJ is classified in Pharmaceuticals.

Company profile comparison for Amgen (AMGN) and Johnson & Johnson (JNJ)
Profile ItemAMGNJNJ
NameAmgen Inc.Johnson & Johnson
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupPharmaceuticals, Biotechnology & Life SciencesPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnologyPharmaceuticals
GICS Sub-IndustryBiotechnologyPharmaceuticals
Market Capitalization236.38 billion USD663.28 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 17, 1983January 2, 1962
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

AMGN
JNJ
GSPC
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Amgen (AMGN) vs. Johnson & Johnson (JNJ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Amgen (AMGN) and Johnson & Johnson (JNJ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Amgen (AMGN) and Johnson & Johnson (JNJ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Total Return (1Y)60.43%57.44%
Total Return (3Y, Annualized)23.06%23.15%
Total Return (5Y, Annualized)17.68%12.57%

Risk Profile

Drawdown History

AMGN
JNJ
GSPC
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Amgen (AMGN) vs. Johnson & Johnson (JNJ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Amgen (AMGN) and Johnson & Johnson (JNJ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Volatility (1Y, Annualized)27.61%19.01%
Beta (5Y)0.410.21
Max Drawdown (5Y)-24.86%-18.41%
Avg. Volume (3M)2.67M7.79M

Risk-Adjusted Performance

Risk-Return Positioning

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AMGN and JNJ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Sharpe Ratio (1Y)2.042.80
Sortino Ratio (1Y)3.644.59

Profitability

ROE (TTM)

Both Amgen (AMGN) at 91.47% and Johnson & Johnson (JNJ) at 25.74% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

91.47%

Max
102.29%
AMGN
91.47%
Q3
3.16%
Median
-32.34%
Q1
-64.79%
Min
-157.61%

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

25.74%

Max
102.29%
JNJ
25.74%
Q3
3.16%
Median
-32.34%
Q1
-64.79%
Min
-157.61%
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their ROE against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Net Margin (TTM)

Both Amgen (AMGN) at 22.95% and Johnson & Johnson (JNJ) at 21.48% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

22.95%

AMGN
22.95%
Max
12.02%
Q3
2.44%
Median
0.00%
Q1
-4.89%
Min
-13.51%

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

21.48%

JNJ
21.48%
Max
12.02%
Q3
2.44%
Median
0.00%
Q1
-4.89%
Min
-13.51%
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their net margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Operating Margin (TTM)

Both Amgen (AMGN) at 35.55% and Johnson & Johnson (JNJ) at 29.19% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

35.55%

Max
76.04%
AMGN
35.55%
Q3
10.45%
Median
0.00%
Q1
-120.32%
Min
-308.66%

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

29.19%

Max
76.04%
JNJ
29.19%
Q3
10.45%
Median
0.00%
Q1
-120.32%
Min
-308.66%
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their operating margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Profitability Metrics

Profitability metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
ROE (TTM)91.47%25.74%
ROA (TTM)8.67%8.60%
Net Margin (TTM)22.95%21.48%
Operating Margin (TTM)35.55%29.19%
Gross Margin (TTM)71.89%68.14%

Growth

Revenue Growth

Both Amgen (AMGN) at 9.95% and Johnson & Johnson (JNJ) at 6.05% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Amgen (AMGN) at 88.23% and Johnson & Johnson (JNJ) at 90.50% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Revenue Growth (YoY)9.95%6.05%
Revenue Growth (3Y CAGR)11.77%5.60%
EPS Growth (YoY)88.23%90.50%
EPS Growth (3Y CAGR)5.52%17.90%

Financial Strength

Current Ratio (MRQ)

Both Amgen (AMGN) at 1.37 and Johnson & Johnson (JNJ) at 1.09 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.37

Max
26.10
Q3
12.34
Median
5.72
Q1
2.80
AMGN
1.37
Min
0.10

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.09

Max
26.10
Q3
12.34
Median
5.72
Q1
2.80
JNJ
1.09
Min
0.10
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their current ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Debt / Equity (MRQ)

Johnson & Johnson (JNJ) at 0.58 is near its industry mid-range for debt-to-equity ratio, while Amgen (AMGN) at 4.90 sits above its benchmark range, pointing to a heavier debt load relative to equity.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

4.90

AMGN
4.90
Max
1.56
Q3
0.64
Median
0.14
Q1
0.02
Min
0.00

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.58

Max
1.56
Q3
0.64
JNJ
0.58
Median
0.14
Q1
0.02
Min
0.00
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their debt-to-equity ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Current Ratio (MRQ)1.371.09
Debt / Equity (MRQ)4.900.58
Net Debt / EBITDA2.510.81

Dividends

Dividend Yield (TTM)

Both Amgen (AMGN) at 2.21% and Johnson & Johnson (JNJ) at 1.88% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

2.21%

AMGN
2.21%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.88%

JNJ
1.88%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their dividend yield against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Payout Ratio (TTM)

Both Amgen (AMGN) at 60.87% and Johnson & Johnson (JNJ) at 60.79% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

60.87%

AMGN
60.87%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

60.79%

JNJ
60.79%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their payout ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Metrics

Dividend metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
Dividend Yield (TTM)2.21%1.88%
Dividend Payout Ratio (TTM)60.87%60.79%

Valuation

P/E Ratio (TTM)

Both Amgen (AMGN) at 27.17 and Johnson & Johnson (JNJ) at 31.97 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

27.17

Max
83.73
Q3
44.68
Median
28.50
AMGN
27.17
Q1
15.51
Min
0.14

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

31.97

Max
83.73
Q3
44.68
JNJ
31.97
Median
28.50
Q1
15.51
Min
0.14
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their P/E ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Amgen (AMGN) at 6.21 and Johnson & Johnson (JNJ) at 6.77 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

6.21

Max
65.27
Q3
29.50
Median
7.31
AMGN
6.21
Q1
3.49
Min
0.01

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

6.77

Max
65.27
Q3
29.50
Median
7.31
JNJ
6.77
Q1
3.49
Min
0.01
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their P/S ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Johnson & Johnson (JNJ) at 7.80 sits in the upper P/B ratio quartile, and Amgen (AMGN) at 20.22 prices even higher, above its industry range.

AMGN

Pharmaceuticals, Biotechnology & Life Sciences industry group

20.22

AMGN
20.22
Max
15.46
Q3
7.32
Median
4.02
Q1
1.90
Min
-5.81

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

7.80

Max
15.46
JNJ
7.80
Q3
7.32
Median
4.02
Q1
1.90
Min
-5.81
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Amgen (AMGN) vs. Johnson & Johnson (JNJ): A comparison of their P/B ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Valuation Metrics

Valuation metrics for Amgen (AMGN) and Johnson & Johnson (JNJ)
MetricAMGNJNJ
P/E Ratio (TTM)27.1731.97
P/S Ratio (TTM)6.216.77
P/B Ratio (MRQ)20.227.80
Free Cash Flow Yield (TTM)3.66%2.55%