PM vs. JNJ
PM (Philip Morris International Inc.) and JNJ (Johnson & Johnson) are both stocks. PM operates in Tobacco (Consumer Defensive), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, PM returned 11.28%/yr vs 10.21%/yr for JNJ. At a 0.41 correlation, their price movements are largely independent.
Performance
PM vs. JNJ - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 12.15% return, which is significantly lower than JNJ's 13.72% return. Over the past 10 years, PM has outperformed JNJ with an annualized return of 11.28%, while JNJ has yielded a comparatively lower 10.21% annualized return.
PM
- 1D
- 1.89%
- 1M
- 4.55%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.45%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
JNJ
- 1D
- 2.02%
- 1M
- 4.22%
- YTD
- 13.72%
- 6M
- 16.55%
- 1Y
- 55.27%
- 3Y*
- 17.11%
- 5Y*
- 10.05%
- 10Y*
- 10.21%
PM vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
JNJ Johnson & Johnson | 13.72% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between PM and JNJ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.41 |
The correlation between PM and JNJ shifts across timeframes, from 0.30 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$278.64B
JNJ:
$569.17B
PM:
$7.12
JNJ:
$8.65
PM:
25.05
JNJ:
26.92
PM:
2.72
JNJ:
0.90
PM:
6.70
JNJ:
5.88
PM:
$41.49B
JNJ:
$96.36B
PM:
$27.93B
JNJ:
$66.60B
PM:
$17.74B
JNJ:
$31.62B
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Return for Risk
PM vs. JNJ — Risk / Return Rank
PM
JNJ
PM vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and Johnson & Johnson (JNJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PM | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.59 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 5.07 | -5.00 |
| Martin ratioReturn relative to average drawdown | 0.14 | 15.08 | -14.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PM | JNJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 3.30 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.60 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.55 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.54 | -0.01 |
Drawdowns
PM vs. JNJ - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for PM and JNJ.
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Drawdown Indicators
| PM | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -50.67% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -10.96% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -15.95% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -18.41% | -4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -27.37% | -15.50% |
Current DrawdownCurrent decline from peak | -7.07% | -5.81% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -11.88% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.78% | 3.68% | +7.10% |
Volatility
PM vs. JNJ - Volatility Comparison
Philip Morris International Inc. (PM) has a higher volatility of 9.65% compared to Johnson & Johnson (JNJ) at 5.90%. This indicates that PM's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PM | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 5.90% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 20.91% | 12.49% | +8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 16.85% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 16.87% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.44% | 18.46% | +5.98% |
Dividends
PM vs. JNJ - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.23%, more than JNJ's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.25% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
PM vs. JNJ - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and Johnson & Johnson. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PM vs. JNJ - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
JNJ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
JNJ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
JNJ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.
Frequently Asked Questions
PM and JNJ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (9.65%) compared to JNJ (5.90%). In terms of maximum drawdown, PM dropped -42.87% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (3.30 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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