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Side-by-side financial comparison of Allstate (ALL) and Johnson & Johnson (JNJ). Click either name above to swap in a different company.

Johnson & Johnson is the larger business by last-quarter revenue ($24.6B vs $17.3B, roughly 1.4× Allstate). Allstate runs the higher net margin — 22.1% vs 20.8%, a 1.3% gap on every dollar of revenue. On growth, Johnson & Johnson posted the faster year-over-year revenue change (9.1% vs 5.1%). Johnson & Johnson produced more free cash flow last quarter ($5.5B vs $2.9B). Over the past eight quarters, Johnson & Johnson's revenue compounded faster (7.2% CAGR vs 6.6%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

Johnson & Johnson (J&J) is an American multinational pharmaceutical, biotechnology, and medical technologies corporation headquartered in New Brunswick, New Jersey, and publicly traded on the New York Stock Exchange. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 48 on the 2025 Fortune 500 list of the largest United States corporations. In 2025, the company was ranked 42th in the Forbes Global 2000.

ALL vs JNJ — Head-to-Head

Bigger by revenue
JNJ
JNJ
1.4× larger
JNJ
$24.6B
$17.3B
ALL
Growing faster (revenue YoY)
JNJ
JNJ
+4.0% gap
JNJ
9.1%
5.1%
ALL
Higher net margin
ALL
ALL
1.3% more per $
ALL
22.1%
20.8%
JNJ
More free cash flow
JNJ
JNJ
$2.6B more FCF
JNJ
$5.5B
$2.9B
ALL
Faster 2-yr revenue CAGR
JNJ
JNJ
Annualised
JNJ
7.2%
6.6%
ALL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALL
ALL
JNJ
JNJ
Revenue
$17.3B
$24.6B
Net Profit
$3.8B
$5.1B
Gross Margin
67.6%
Operating Margin
20.2%
Net Margin
22.1%
20.8%
Revenue YoY
5.1%
9.1%
Net Profit YoY
98.8%
49.1%
EPS (diluted)
$14.24
$2.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALL
ALL
JNJ
JNJ
Q4 25
$17.3B
$24.6B
Q3 25
$17.3B
$24.0B
Q2 25
$16.6B
$23.7B
Q1 25
$16.5B
$21.9B
Q4 24
$16.5B
$22.5B
Q3 24
$16.6B
$22.5B
Q2 24
$15.7B
$22.4B
Q1 24
$15.3B
$21.4B
Net Profit
ALL
ALL
JNJ
JNJ
Q4 25
$3.8B
$5.1B
Q3 25
$3.7B
$5.2B
Q2 25
$2.1B
$5.5B
Q1 25
$595.0M
$11.0B
Q4 24
$1.9B
$3.4B
Q3 24
$1.2B
$2.7B
Q2 24
$331.0M
$4.7B
Q1 24
$1.2B
$3.3B
Gross Margin
ALL
ALL
JNJ
JNJ
Q4 25
67.6%
Q3 25
69.6%
Q2 25
67.9%
Q1 25
66.4%
Q4 24
68.3%
Q3 24
69.0%
Q2 24
69.4%
Q1 24
69.6%
Operating Margin
ALL
ALL
JNJ
JNJ
Q4 25
20.2%
Q3 25
31.2%
Q2 25
27.3%
Q1 25
62.3%
Q4 24
17.3%
Q3 24
14.9%
Q2 24
25.6%
Q1 24
17.4%
Net Margin
ALL
ALL
JNJ
JNJ
Q4 25
22.1%
20.8%
Q3 25
21.7%
21.5%
Q2 25
12.7%
23.3%
Q1 25
3.6%
50.2%
Q4 24
11.7%
15.2%
Q3 24
7.2%
12.0%
Q2 24
2.1%
20.9%
Q1 24
8.0%
15.2%
EPS (diluted)
ALL
ALL
JNJ
JNJ
Q4 25
$14.24
$2.08
Q3 25
$13.95
$2.12
Q2 25
$7.76
$2.29
Q1 25
$2.11
$4.54
Q4 24
$7.07
$1.41
Q3 24
$4.33
$1.11
Q2 24
$1.13
$1.93
Q1 24
$4.46
$1.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALL
ALL
JNJ
JNJ
Cash + ST InvestmentsLiquidity on hand
$4.9B
$20.1B
Total DebtLower is stronger
$7.5B
$41.4B
Stockholders' EquityBook value
$30.6B
$81.5B
Total Assets
$119.8B
$199.2B
Debt / EquityLower = less leverage
0.24×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
JNJ
JNJ
Q4 25
$4.9B
$20.1B
Q3 25
$8.7B
$18.6B
Q2 25
$9.6B
$18.9B
Q1 25
$6.5B
$38.8B
Q4 24
$4.5B
$24.5B
Q3 24
$7.0B
$20.3B
Q2 24
$5.3B
$25.5B
Q1 24
$4.3B
$26.2B
Total Debt
ALL
ALL
JNJ
JNJ
Q4 25
$7.5B
$41.4B
Q3 25
$8.1B
Q2 25
$8.1B
Q1 25
$8.1B
Q4 24
$8.1B
$32.4B
Q3 24
$8.1B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
ALL
ALL
JNJ
JNJ
Q4 25
$30.6B
$81.5B
Q3 25
$27.5B
$79.3B
Q2 25
$24.0B
$78.5B
Q1 25
$22.1B
$78.1B
Q4 24
$21.4B
$71.5B
Q3 24
$20.9B
$70.2B
Q2 24
$18.6B
$71.5B
Q1 24
$18.6B
$70.0B
Total Assets
ALL
ALL
JNJ
JNJ
Q4 25
$119.8B
$199.2B
Q3 25
$120.4B
$192.8B
Q2 25
$115.9B
$193.4B
Q1 25
$115.2B
$193.7B
Q4 24
$111.6B
$180.1B
Q3 24
$113.7B
$178.3B
Q2 24
$108.4B
$181.1B
Q1 24
$105.2B
$172.0B
Debt / Equity
ALL
ALL
JNJ
JNJ
Q4 25
0.24×
0.51×
Q3 25
0.29×
Q2 25
0.34×
Q1 25
0.37×
Q4 24
0.38×
0.45×
Q3 24
0.39×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALL
ALL
JNJ
JNJ
Operating Cash FlowLast quarter
$3.0B
$7.3B
Free Cash FlowOCF − Capex
$2.9B
$5.5B
FCF MarginFCF / Revenue
16.7%
22.3%
Capex IntensityCapex / Revenue
0.5%
7.5%
Cash ConversionOCF / Net Profit
0.78×
1.43×
TTM Free Cash FlowTrailing 4 quarters
$9.9B
$19.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
JNJ
JNJ
Q4 25
$3.0B
$7.3B
Q3 25
$3.3B
$9.2B
Q2 25
$1.9B
$3.9B
Q1 25
$2.0B
$4.2B
Q4 24
$1.7B
$7.0B
Q3 24
$3.2B
$8.0B
Q2 24
$2.4B
$5.6B
Q1 24
$1.7B
$3.7B
Free Cash Flow
ALL
ALL
JNJ
JNJ
Q4 25
$2.9B
$5.5B
Q3 25
$3.2B
$8.0B
Q2 25
$1.9B
$2.8B
Q1 25
$1.9B
$3.4B
Q4 24
$1.7B
$5.4B
Q3 24
$3.1B
$7.0B
Q2 24
$2.3B
$4.7B
Q1 24
$1.6B
$2.9B
FCF Margin
ALL
ALL
JNJ
JNJ
Q4 25
16.7%
22.3%
Q3 25
18.8%
33.4%
Q2 25
11.3%
11.9%
Q1 25
11.4%
15.4%
Q4 24
10.0%
23.8%
Q3 24
18.9%
31.0%
Q2 24
14.7%
20.7%
Q1 24
10.6%
13.3%
Capex Intensity
ALL
ALL
JNJ
JNJ
Q4 25
0.5%
7.5%
Q3 25
0.3%
4.8%
Q2 25
0.0%
4.4%
Q1 25
0.6%
3.6%
Q4 24
0.3%
7.2%
Q3 24
0.4%
4.6%
Q2 24
0.4%
4.3%
Q1 24
0.3%
3.8%
Cash Conversion
ALL
ALL
JNJ
JNJ
Q4 25
0.78×
1.43×
Q3 25
0.88×
1.78×
Q2 25
0.89×
0.70×
Q1 25
3.30×
0.38×
Q4 24
0.88×
2.04×
Q3 24
2.69×
2.97×
Q2 24
7.13×
1.20×
Q1 24
1.37×
1.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALL
ALL

Segment breakdown not available.

JNJ
JNJ

Other$14.2B58%
Immunology$2.5B10%
Orthopaedics$1.5B6%
Neuroscience$1.4B6%
Cardiovascular$1.4B6%
Surgery$1.1B4%
Pulmonary Hypertension$865.0M4%
Cardiovascular Metabolism Other$794.0M3%
Vision$531.0M2%
Infectious Diseases$303.0M1%

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