ABBV

Company financials

AbbVie

Health Care Biotechnology North Chicago, Illinois Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$61.2B
                    3y CAGR +1.8%
                    
                    P29
                    
                    +8.6%
                    
                    Net income
                    FY2025
                
$4.2B
                    Net margin +6.9%
                    
                    P25
                    
                    -1.2%
                    
                    Total assets
                    FY2025
                
$134.0B
                    ROA +3.2%
                    
                    P25
                    
                    -0.9%
                    
                    Operating cash flow
                    FY2025
                
$19.0B
                    FCF margin +29.1%
                    
                    P96
                    
                    +1.2%

15 yrs · FY2011–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $134.0B

Total liabilities ~$137.2B

Shareholders equity $-3.3B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-14.4%	-17.2%	+14.7%	-5.6%	—
Short Term Investments	-24.0%	-28.3%	-84.6%	-66.7%	—
Accounts Receivable	+6.0%	+3.1%	+5.7%	+12.8%	—
Inventory	+12.2%	+10.2%	+14.5%	+14.4%	—
Prepaid Expenses	+5.8%	-0.4%	-0.6%	-11.9%	—
Total Current Assets	+1.0%	-2.9%	+8.7%	+1.9%	—
Property,Plant and Equipment	+2.4%	+0.2%	-1.2%	-3.4%	—
Goodwill	+2.4%	+2.6%	-0.1%	-0.7%	—
Intangible Assets	-8.8%	-7.5%	-14.4%	-11.2%	—
Long Term Investments	-0.8%	+0.2%	+4.8%	-13.0%	—
Other Noncurrent Assets	+21.7%	+23.2%	+32.0%	+14.1%	—
Total Assets	-2.2%	-2.7%	-4.1%	-5.3%	—
Liabilities
Accounts Payable	+11.2%	+12.1%	+16.2%	+11.9%	—
Current Portion of Long Term Debt	-9.0%	-18.3%	-24.1%	-66.9%	—
Total Current Liabilities	+5.3%	+3.3%	+3.7%	-16.1%	—
Long Term Debt	-2.1%	-2.0%	-9.8%	-7.9%	—
Deferred Tax Liabilities	-5.6%	-5.0%	-19.5%	-27.2%	—
Other Noncurrent Liabilities	+3.2%	+1.6%	+6.1%	+6.8%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+5.3%	+5.2%	+5.0%	+5.1%	—
Retained Earnings	—	—	—	+53.0%	—
Treasury Stock	+30.6%	+37.7%	+44.2%	+46.2%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	—	-40.0%	-18.0%	+12.0%	—
Noncontrolling Interest	+10.7%	+11.7%	+15.0%	+17.9%	—
Total Liabilitiesand Equity	-2.2%	-2.7%	-4.1%	-5.3%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $61.2B

Operating income $15.1B

Net income $4.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+2.1%	+0.1%	-1.7%	+3.3%	—
Expenses Cost of Revenue	+1.1%	-1.0%	+8.2%	-0.2%	—
Expenses Research and Development	+15.2%	+24.7%	+2.7%	-10.2%	—
Expenses Selling,General and Administrative	+3.2%	+6.1%	+2.1%	+23.6%	—
Expenses Other Operating Expenses	—	—	—	-87.0%	—
Other Income Expense Operating Income	-4.2%	-20.1%	-15.6%	+1.1%	—
Other Income Expense Interest Expense	—	—	—	—	—
Other Income Expense Other Income/expense	—	—	—	—	—
Other Income Expense Income Before Tax	-15.6%	-34.1%	-30.6%	+3.8%	—
Income Tax Income Tax Expense	+13.2%	—	-2.2%	+13.3%	—
net Income Other Items Below Tax	—	—	—	—	—
net Income net Income	-22.2%	-28.2%	-35.1%	+2.5%	—
net Income Comprehensive Income	-19.2%	-26.6%	-36.4%	+6.6%	—
Earnings Per Share Basic Eps	-22.2%	-28.2%	-35.1%	+2.6%	—
Earnings Per Share Diluted Eps	-22.2%	-28.2%	-35.1%	+2.8%	—
Earnings Per Share Weighted Average Shares Diluted	-0.1%	-0.1%	-0.1%	+0.1%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $19.0B

Investing cash flow $-6.6B

Financing cash flow $-12.7B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-22.2%	-28.1%	-35.0%	+2.6%	—
Operating Activities Depreciation and Amortization	-1.0%	-0.5%	+0.9%	-0.3%	—
Operating Activities Stock Based Compensation	+8.4%	+9.6%	+3.9%	-3.0%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	+19.9%	+31.6%	+44.0%	+44.4%	—
Operating Activities net Cash From Operating Activities	-4.4%	-6.2%	+0.1%	+9.5%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	-6.2%	+78.2%	-25.1%	+1461.2%	—
Investing Activities Other Investing Activities	—	-19.8%	-81.2%	+111.5%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	+72.2%	+180.1%	—	+100.0%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-8.4%	-4.3%	-14.1%	+7.4%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	+66.9%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+70.2%	+70.0%	+62.4%	+70.0%	+69.0%
Operating margin	+24.6%	+16.2%	+23.5%	+31.2%	+31.9%
Net margin	+6.9%	+7.6%	+9.0%	+20.4%	+20.5%
FCF margin	+29.1%	+31.7%	+40.6%	+41.8%	+39.1%
Growth
Revenue CAGR (3y)	+1.8%	+0.1%	+5.8%	+20.4%	+19.7%
Returns
ROE	-129.2%	+128.7%	+46.9%	+68.6%	+74.9%
ROA	+3.2%	+3.2%	+3.6%	+8.5%	+7.9%
ROIC	+16.4%	+14.1%	+17.5%	+22.3%	+19.4%
Liquidity
Current ratio	0.67x	0.66x	0.87x	0.96x	0.79x
Quick ratio	0.41x	0.42x	0.63x	0.69x	0.56x
Leverage
D/E	-41.97x	39.65x	12.00x	7.04x	8.51x
Interest coverage	5.74x	4.23x	7.58x	—	—
Efficiency
Asset turnover	0.46x	0.42x	0.40x	0.42x	0.38x
Cash conversion cycle	-522d	-529d	-400d	-387d	-345d

Valuation

Price against fundamentals

ABBV $218 · 2025-09-12 · 414d old · FY2025

Market cap $387.1B

P/E 91.60x

P/S 6.33x

P/B —

EV $449.4B

EV/EBITDA —

FCF yield +4.6%

Dividend yield +3.0%

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AbbVie

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