Abbott Laboratories (ABT) | Financial Analysis & Statements
Abbott Laboratories Large-cap Healthcare
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
11.5B
Gross Profit
6.5B
57.05%
Operating Income
2.3B
19.64%
Net Income
1.8B
15.50%
EPS (Diluted)
$1.01
Balance Sheet Metrics
Total Assets
86.7B
Total Liabilities
33.9B
Shareholders Equity
52.8B
Debt to Equity
0.64
Cash Flow Metrics
Operating Cash Flow
3.1B
Free Cash Flow
2.6B
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Abbott Laboratories Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 44.3B | 42.0B | 40.1B | 43.7B | 43.1B |
| Cost of Goods Sold | 19.3B | 18.7B | 18.0B | 19.1B | 18.5B |
| Gross Profit | 25.0B | 23.2B | 22.1B | 24.5B | 24.5B |
| Gross Margin % | 56.4% | 55.4% | 55.2% | 56.1% | 57.0% |
| Operating Expenses | |||||
| Research & Development | 2.9B | 2.8B | 2.7B | 2.9B | 2.7B |
| Selling, General & Administrative | 12.3B | 11.7B | 10.9B | 11.2B | 11.3B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 15.3B | 14.5B | 13.7B | 14.1B | 14.1B |
| Operating Income | 8.1B | 6.8B | 6.5B | 8.4B | 8.4B |
| Operating Margin % | 18.2% | 16.3% | 16.2% | 19.2% | 19.6% |
| Non-Operating Items | |||||
| Interest Income | 308.0M | 344.0M | 385.0M | 183.0M | 43.0M |
| Interest Expense | 493.0M | 559.0M | 637.0M | 558.0M | 533.0M |
| Other Non-Operating Income | 598.0M | 403.0M | 438.0M | 319.0M | 276.0M |
| Pre-tax Income | 8.5B | 7.0B | 6.7B | 8.3B | 8.2B |
| Income Tax | 1.9B | -6.4B | 941.0M | 1.4B | 1.1B |
| Effective Tax Rate % | 22.9% | -91.1% | 14.1% | 16.5% | 13.9% |
| Net Income | 6.5B | 13.4B | 5.7B | 6.9B | 7.1B |
| Net Margin % | 14.7% | 31.9% | 14.3% | 15.9% | 16.4% |
| Key Metrics | |||||
| EBITDA | 12.0B | 10.8B | 10.6B | 12.1B | 12.3B |
| EPS (Basic) | $3.76 | $7.74 | $3.30 | $3.99 | $4.01 |
| EPS (Diluted) | $3.72 | $7.64 | $3.26 | $3.91 | $3.94 |
| Basic Shares Outstanding | 1736599451 | 1731697991 | 1734076358 | 1737795021 | 1764082193 |
| Diluted Shares Outstanding | 1736599451 | 1731697991 | 1734076358 | 1737795021 | 1764082193 |
Income Statement Trend
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Abbott Laboratories Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 8.5B | 7.6B | 6.9B | 9.9B | 9.8B |
| Short-term Investments | 417.0M | 351.0M | 383.0M | 288.0M | 450.0M |
| Accounts Receivable | 7.9B | 6.9B | 6.6B | 6.2B | 6.5B |
| Inventory | 6.5B | 6.2B | 6.6B | 6.2B | 5.2B |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | 26.0B | 23.7B | 22.7B | 25.2B | 24.2B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 17.6B | 15.5B | 15.2B | 14.2B | 13.5B |
| Goodwill | 53.6B | 52.9B | 56.2B | 56.1B | 59.2B |
| Intangible Assets | 5.5B | 6.6B | 8.8B | 10.5B | 12.7B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 18.4B | 16.5B | 7.1B | 12.1B | 10.4B |
| Total Non-Current Assets | 60.7B | 57.8B | 50.5B | 49.2B | 51.0B |
| Total Assets | 86.7B | 81.4B | 73.2B | 74.4B | 75.2B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 4.2B | 4.2B | 4.3B | 4.6B | 4.4B |
| Short-term Debt | 3.0B | 1.5B | 1.1B | 2.3B | 754.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 16.5B | 14.2B | 13.8B | 15.5B | 13.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 10.8B | 13.5B | 14.5B | 15.5B | 18.3B |
| Deferred Tax Liabilities | 559.0M | 512.0M | 568.0M | 991.0M | 1.4B |
| Other Non-Current Liabilities | 2.5B | 3.4B | 3.5B | 3.8B | 3.7B |
| Total Non-Current Liabilities | 17.4B | 19.4B | 20.5B | 22.0B | 26.1B |
| Total Liabilities | 33.9B | 33.5B | 34.4B | 37.5B | 39.2B |
| Equity | |||||
| Common Stock | 25.5B | 25.2B | 24.9B | 24.7B | 24.5B |
| Retained Earnings | 49.8B | 47.3B | 37.6B | 35.3B | 31.5B |
| Treasury Stock | 17.2B | 16.8B | 16.0B | 15.2B | 11.8B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 52.8B | 47.9B | 38.8B | 36.9B | 36.0B |
| Key Metrics | |||||
| Total Debt | 13.9B | 15.0B | 15.6B | 17.7B | 19.0B |
| Working Capital | 9.5B | 9.5B | 8.8B | 9.7B | 11.1B |
Balance Sheet Composition
Abbott Laboratories Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 6.5B | 13.4B | 5.7B | 6.9B | 7.1B |
| Depreciation & Amortization | 3.1B | 3.2B | 3.2B | 3.3B | 3.5B |
| Stock-Based Compensation | 664.0M | 673.0M | 644.0M | 685.0M | 640.0M |
| Working Capital Changes | 497.0M | -393.0M | -1.9B | -1.4B | -459.0M |
| Operating Cash Flow | 10.8B | 16.9B | 7.7B | 9.4B | 10.8B |
| Investing Activities | |||||
| Capital Expenditures | -2.2B | -2.2B | -2.2B | -1.8B | -1.9B |
| Acquisitions | -105.0M | 1.0M | -837.0M | 48.0M | -53.0M |
| Investment Purchases | -167.0M | -169.0M | -159.0M | -185.0M | -173.0M |
| Investment Sales | 3.0M | 28.0M | 43.0M | 152.0M | 77.0M |
| Investing Cash Flow | -2.4B | -2.3B | -3.1B | -1.7B | -2.0B |
| Financing Activities | |||||
| Share Repurchases | -893.0M | -1.3B | -1.2B | -3.8B | -2.3B |
| Dividends Paid | -4.1B | -3.8B | -3.6B | -3.3B | -3.2B |
| Debt Issuance | 5.0M | 223.0M | 2.0M | 7.0M | 4.0M |
| Debt Repayment | -1.5B | -660.0M | -2.5B | -753.0M | -48.0M |
| Financing Cash Flow | -6.7B | -5.7B | -7.3B | -7.8B | -5.7B |
| Free Cash Flow | 7.4B | 6.4B | 5.1B | 7.8B | 8.6B |
| Net Change in Cash | 1.7B | 8.9B | -2.7B | -102.0M | 3.0B |
Cash Flow Trend
Abbott Laboratories Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
25.97
Forward P/E
15.29
Price to Book
3.09
Price to Sales
3.57
PEG Ratio
-1.41
Profitability Ratios
Profit Margin
13.90%
Operating Margin
16.50%
Return on Equity
12.36%
Return on Assets
7.52%
Financial Health
Current Ratio
1.58
Debt to Equity
26.79
Beta
0.78
Per Share Data
EPS (TTM)
$3.57
Book Value per Share
$30.02
Revenue per Share
$25.92
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ABT | 160.7B | 25.97 | 3.09 | 12.36% | 13.90% | 26.79 |
| Stryker | 126.3B | 39.21 | 5.62 | 15.08% | 12.92% | 72.97 |
| Medtronic plc | 107.6B | 23.47 | 2.20 | 9.39% | 13.00% | 57.06 |
| Boston Scientific | 97.6B | 27.49 | 4.02 | 11.84% | 17.29% | 48.92 |
| Edwards Lifesciences | 48.5B | 46.49 | 4.73 | 10.38% | 17.39% | 6.82 |
| Dexcom | 23.8B | 30.03 | 8.63 | 34.50% | 17.94% | 50.85 |
Financial data is updated regularly. All figures are in the company's reporting currency.






