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Johnson & Johnson vs Medtronic: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Medtronic carrying a narrow edge on growth. Johnson & Johnson still has the edge on stability, which keeps the comparison from looking entirely one-sided. In the market, Johnson & Johnson carries the stronger setup — intact trend against Medtronic's broken trend. That leaves a split case: the structural lead stays with Medtronic, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-08-16

The lead runs through growth, while stability still acts as a real counterweight on the other side.

Trajectory Similarity
0.67
Moderately similar
Peer-set rank: #25
within Johnson & Johnson's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

Most of the shared profile comes through margin consistency and revenue stability.

Similarity drivers
margin consistencyrevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
JNJ
Johnson & Johnson
55
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
MDT
Medtronic plc
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: JNJ vs MDT Profitability 53 45 Stability 88 50 Valuation 57 71 Growth 22 63 JNJ MDT
Gap Ranking
#1 Growth +41
#2 Stability +38
#3 Valuation +14
#4 Profitability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for JNJ and MDT Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer JNJMDT Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Johnson & Johnson.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where JNJ and MDT each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY JNJ Elevated · above norm 0th 50th 100th 18 pct gap MDT Elevated · below norm 0th 50th 100th 99th 81st
Today MDT sits in the upper portion of its own 5-year history (81st percentile), while JNJ sits higher in its own history (99th). Within each stock's own 5-year context, MDT is at a historically more favourable entry position than JNJ. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, Medtronic plc is positioned higher in the group, while Johnson & Johnson is closer to the middle.
Stability
Both rank well on stability, but Johnson & Johnson still holds a clear edge.
Growth — Dominant Gap
JNJ
22
MDT
63
Gap+41in favour of MDT

The clearest distance comes from a stronger growth profile.

What keeps the gap from being one-sided

There is still a strong counterforce in stability, so the lead stays clear without becoming a sweep.

What this means for the comparison

Growth is the clearest driver of the lead, with stability adding further support — though stability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the JNJ vs MDT comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how JNJ and MDT each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.