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Abbott LaboratoriesABT

$188.7B market cap
Abbott LaboratoriesABT
Revenue

Revenue: is the business selling more than it used to?

$44.3B+6% YoYFY 2025

0.00$20.0B$40.0B2011201220132014201520162017201820192020202120222023202420252026$45.1B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $44.3B in 2025, compounding +1% a year since 2022 though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Net income

Net income: how much of that revenue becomes profit?

$6.5B−51% YoYFY 2025

0.00$5.0B$10.0B20112012201320142015201620172018201920202021202220232024$13.4B20252026$6.3B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $6.5B in 2025, compounding -2% a year over three years. Earnings per share moved -54% over the last twelve months. Trailing twelve-month profit stands at $6.3B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Growth rate

How fast is it growing, year by year?

+5.7%revenue growth, FY 2025

0.0%100%201220132014201520162017201820192020202120222023202420255.7%-51%

Off the axis: 2018 earnings +396.4% - rebounds off a collapsed prior year.

Revenue grew +6% in 2025 against a five-year average of +6%. Earnings went the other way (-51%) even as sales grew, so margins compressed: costs rose faster than revenue. 2018's +396% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$25.36revenue per share, FY 2025

0.0010.0020.00201120122013201420152016201720182019202020212022202320242025202625.824.22

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

Revenue per share reached $25.36 in 2025, compounding +1% a year - in line with ABT's own +1%, so the share count is not distorting your slice. Free cash flow per share stands at $4.23.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Free cash flow

Free cash flow: what is left in real cash after everything?

$7.4B+16% YoYFY 2025

0.00$5.0B20112012201320142015201620172018201920202021$8.6B2022202320242025$7.4B

Free cash flow was $7.4B in 2025, compounding -2% a year since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%40%2011201239%2013201420152016201720182019202020212022202320242025202616%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

17 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%5.0%20112012201320142015201620172018201920202021202220232024202520264.6%6.6%1.5%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

The biggest claim on each sales dollar is research and development, at 7% of revenue (capital spending 5%, stock compensation 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Operating leverage

When sales grow, do profits grow faster?

0.0%100%201220132014201520162017201820192020202120222023202420255.7%18%

Operating profit outgrew revenue in 3 of the last 5 years, most recently +18% against +6%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%20%201120122013201420152016201720182019202020212022202320242025202617%14%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

Operating margin has held near 18% since 2022. After everything, 15 cents of each sales dollar reaches net profit. ABT doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Returns on capital

What does it earn on the money it uses?

0.0%10%20%201120122013201420152016201720182019202020212022202320242025202612%5.7%11%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

ROE of 12% and ROCE of 11% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Valuation history

What has the market paid for ABT over time?

30.2xP/E today

0.0010020152016201720182019202020212022202320242025202611-year median 33.8xP/E 30.17

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 30.2x earnings, the market is paying 11% less than ABT's own 11-year median of 33.8x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Free cash flow yield

What cash return does the business throw off per dollar of market value?

3.9%FCF yield today

0.0%2.5%5.0%20152016201720182019202020212022202320242025202611-year median 3.7%FCF yield 3.9%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 3.9% of annual free cash flow, right at ABT's 11-year median of 3.7%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Debt & cash

Could it handle its debt if things went wrong?

0.00$20.0B201220132014201520162017201820192020202120222023202420252026$34.0B$7.3B

Debt of $34.0B sits against $6.8B of cash, or 0.7x shareholders' equity. Earnings cover the interest bill 14 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Shareholders' equity

Is the company's own capital growing?

0.00$20.0B$40.0B20122013201420152016201720182019202020212022202320242025$52.1B2026$52.1B

The company's own capital grew from $38.6B in 2023 to $52.1B (+35%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B2011201220132014201520162017201820192020202120222023202420252026

Shareholders received $893M in buybacks and $4.1B in dividends in 2025. Stock compensation issued $664M of new shares in the same year, offsetting 13% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%10%20122013201420152016201718%201820192020202120222023202420250.0%

The share count shrank 0.0% in 2025, averaging 0.3% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Dividend per share

Is the dividend cheque growing?

0.001.002.00201120122013201420152016201720182019202020212022202320242025DPS 2.35

The dividend per share reached $2.35 in 2025, compounding +10% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Payout quality

Can it afford the dividend?

0.0%200%400%201120122013201420152016201720182019202020212022202320242025202666%56%

2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year

The dividend consumed 63% of profit and 56% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Return on capital employed

Does ABT earn more on its capital than that capital costs?

0.0%10%20112012201320142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 11%

ABT earns 11.5% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 14.2% in 2022, so the trend is down, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Dilution against what it bought

ABT has issued or retired shares - did shareholders end up better off?

0100201120122013201420152016201720182019202020212022202320242025112186

ABT issued +12% more shares from 2011 to 2025, but revenue per share still rose +86%. The dilution bought more growth than it cost existing holders.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

Abbott LaboratoriesABT
Insider flow

Are the people running it buying or selling?

$40M$20M0.00Mar '26Apr '26May '26Aug '26Sep '26

Insiders bought $1M and sold $47M on the open market, a net sale of $46M. A further 30 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31

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