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

Medtronic holds the cleaner structural position, with growth as the main driver and stability adding further support. 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 2026-07-05

Most of the separation is still concentrated in growth. The overall score gap is 12 points in favour of Medtronic plc.

Trajectory Similarity
0.66
Moderately similar
Peer-set rank: #28
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
54
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
MDT
Medtronic plc
66
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

Score differences across key dimensions.

Dimension spread: JNJ vs MDT Profitability 47 45 Stability 88 58 Valuation 58 80 Growth 24 82 JNJ MDT
Gap Ranking
#1 Growth +58
#2 Stability +30
#3 Valuation +22
#4 Profitability +2
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

Medtronic plc looks stronger both structurally and on relative valuation.

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 42 pct gap MDT Neutral · below norm 0th 50th 100th 99th 57th
Today MDT sits in the upper-middle of its own 5-year history (57th 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 ranks near the top of the group; Johnson & Johnson sits in the weaker half.
Stability
On stability, the same pattern holds: both are strong, but Johnson & Johnson still leads clearly.
Growth — Dominant Gap
JNJ
24
MDT
82
Gap+58in favour of MDT

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Stability still leans toward Johnson & Johnson, so the lead is real without reading as one-way.

What this means for the comparison

The growth edge is decisive, but stability still pushes back — the result holds, but not without a real counterweight.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
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.