Updated April 2026 · SEC DEF 14A data
Eli Lilly vs Johnson & Johnson, CEO Pay Comparison
David Ricks, Eli Lilly's CEO, earns $3.0M more in reported total compensation than Joaquin Duato at Johnson & Johnson, based on the most recent SEC DEF 14A proxy filings. Eli Lilly earns a Pay-for-Performance Grade of A; Johnson & Johnson earns a B.
David Ricks at Eli Lilly ($15.0M) and Joaquin Duato at Johnson & Johnson ($12.0M) are close on total compensation. With pay close, the more interesting comparison is on performance: TSR ran 66.7% versus 1.4% over the three-year window.
CEO compensation comparisons require peer-group context. Compensation committees explicitly select peer groups for setting CEO pay; two companies may use different peer groups even when they appear in similar industries. The full per-company pages surface the disclosed peer-group context.
Side-by-Side Comparison
| Metric | Eli LillyLLY | Johnson & JohnsonJNJ |
|---|---|---|
| CEO | David Ricks | Joaquin Duato |
| Industry | Pharmaceuticals | Pharmaceuticals |
| Total Compensation | $15.0M | $12.0M |
| Base Salary | $1.5M | $1.2M |
| Stock Awards | $7.5M | $6.0M |
| Option Awards | $1.8M | $1.4M |
| Non-Equity Incentive | $2.3M | $1.8M |
| Pay-for-Performance Grade | A (94/100) | B (68/100) |
| CEO-Worker Pay Ratio | 150:1 | 120:1 |
| Median Worker Pay | $100K | $100K |
| Say-on-Pay Approval | 87.9% | 94.8% |
| 3yr Total Shareholder Return | +66.7% | +1.4% |
| Revenue | $41.3B | $85.2B |
| Market Cap | $800.0B | $370.0B |
| Employees | 43,000 | 131,900 |
Reading the Comparison
David Ricks (Eli Lilly) earns $3.0M more than Joaquin Duato (Johnson & Johnson) — a modest gap typical of CEOs running roughly comparable companies in the same sector tier.
On Pay-for-Performance Grade, Eli Lilly is markedly better aligned: 94/100 (A) versus Johnson & Johnson's 68/100 (B). The gap of 26 composite points typically reflects multiple factors moving in the same direction — relative TSR, say-on-pay, and revenue-versus-compensation growth all favoring one side.
CEO-to-worker pay ratios are similar: 150:1 at Eli Lilly versus 120:1 at Johnson & Johnson. Both companies have median worker pay structures that produce comparable Item 402(u) ratios. Johnson & Johnson's pay package received 94.8% shareholder approval, ahead of Eli Lilly's 87.9%. Both votes are above the 70% scrutiny threshold but the 6.8-point gap indicates somewhat different shareholder views on pay structure.
How These Numbers Are Sourced
Every metric in the comparison table comes from a primary public source. Total compensation, salary, stock awards, option awards, and non-equity incentive figures come from the Summary Compensation Table of each company's most recent DEF 14A — the table the SEC requires every U.S. public company to file annually under Regulation S-K Item 402. CEO-to-worker pay ratio comes from the Item 402(u) disclosure required since 2018. Say-on-pay vote share comes from the 8-K filed within four business days of each annual meeting. 3-year total shareholder return is computed from split-adjusted, dividend-reinvested price data over the most recent 36 months.
The Pay-for-Performance Grade is the four-factor composite documented at methodology: relative TSR (35%), revenue versus compensation growth (25%), say-on-pay vote (25%), and pay ratio versus peers (15%). Authoritative governance frameworks come from Institutional Shareholder Services (ISS) and Glass Lewis. Underlying SEC filings for both Eli Lilly and Johnson & Johnson are available on the EDGAR system.
Frequently Asked Questions
How much do the CEOs of Eli Lilly and Johnson & Johnson earn?
David Ricks, CEO of Eli Lilly, earned $15.0M in reported total compensation in the most recently disclosed fiscal year. Joaquin Duato at Johnson & Johnson earned $12.0M. Both figures come from the Summary Compensation Table inside each company's most recent DEF 14A proxy statement.
Which company has better Pay-for-Performance alignment?
On Pay-for-Performance Grade, Eli Lilly is markedly better aligned: 94/100 (A) versus Johnson & Johnson's 68/100 (B). The gap of 26 composite points typically reflects multiple factors moving in the same direction — relative TSR, say-on-pay, and revenue-versus-compensation growth all favoring one side. The grade is computed from a four-factor composite: 3-year relative TSR (35%), revenue versus compensation growth (25%), say-on-pay vote (25%), and CEO-to-worker pay ratio versus peers (15%).
How do CEO-to-worker pay ratios compare?
Eli Lilly reports a CEO-to-median-worker pay ratio of 150:1 on its most recent Item 402(u) disclosure; Johnson & Johnson reports 120:1. CEO-to-worker pay ratios are similar: 150:1 at Eli Lilly versus 120:1 at Johnson & Johnson. Both companies have median worker pay structures that produce comparable Item 402(u) ratios.
Did shareholders approve each pay package?
Johnson & Johnson's pay package received 94.8% shareholder approval, ahead of Eli Lilly's 87.9%. Both votes are above the 70% scrutiny threshold but the 6.8-point gap indicates somewhat different shareholder views on pay structure. Say-on-pay is an advisory vote required by Section 951 of the Dodd-Frank Act and conducted at each annual shareholder meeting.
Where does this comparison data come from?
Every figure on this page is sourced from public SEC filings: the DEF 14A proxy statement for compensation under Regulation S-K Item 402, the same proxy's Item 402(u) disclosure for pay ratio, the 8-K filed within four business days of each annual meeting for say-on-pay vote share, and the 10-K for revenue, market cap, and employee count. All filings are available on the SEC EDGAR system at https://www.sec.gov/edgar.shtml.
Eli Lilly CEO Pay Details
Full compensation breakdown, history, and peer comparison
Johnson & Johnson CEO Pay Details
Full compensation breakdown, history, and peer comparison
Source: U.S. Securities and Exchange Commission, DEF 14A and 8-K filings via EDGAR. Public domain.
Last updated 2026-04-06 · comparing Eli Lilly (LLY) and Johnson & Johnson (JNJ).