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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 10 years

Total assets $134.0B

Total liabilities ~$137.2B

Shareholders equity $-3.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	-5.3%	-56.9%	+39.3%	-5.6%	+15.4%	-78.8%	+447.7%	-21.6%	+82.4%	—
Short Term Investments	-9.7%	+1450.0%	-92.9%	-66.7%	+180.0%	—	-100.0%	+58.8%	-63.3%	—
Accounts Receivable	+15.3%	-2.1%	-0.9%	+12.8%	+13.1%	+62.5%	+0.8%	+5.8%	+6.9%	—
Inventory	+18.4%	+2.0%	+14.5%	+14.4%	-5.5%	+82.6%	+13.0%	+0.0%	+11.1%	—
Prepaid Expenses	+27.2%	-0.1%	+12.1%	-11.9%	+40.2%	+51.3%	+24.2%	-60.0%	+33.1%	—
Total Current Assets	+13.6%	-22.5%	+15.9%	+1.9%	+15.5%	-51.2%	+192.2%	-20.2%	+31.1%	—
Property,Plant and Equipment	+9.6%	+2.9%	+1.1%	-3.4%	-2.6%	+77.2%	+2.7%	+2.9%	+7.6%	—
Goodwill	+2.0%	+8.2%	+0.4%	-0.7%	-2.2%	+112.3%	-0.4%	-0.8%	+2.4%	—
Intangible Assets	-12.4%	+8.0%	-17.5%	-11.2%	-8.4%	+344.4%	-12.2%	-23.0%	-4.6%	—
Long Term Investments	-3.9%	-8.2%	+26.1%	-13.0%	-5.5%	+215.1%	-93.5%	-32.1%	+17.2%	—
Other Noncurrent Assets	+17.3%	+7.4%	+52.8%	+14.1%	+0.7%	+112.0%	+89.4%	-8.9%	+9.4%	—
Total Assets	-0.9%	+0.3%	-2.9%	-5.3%	-2.7%	+69.0%	+50.1%	-16.2%	+7.1%	—
Liabilities
Accounts Payable	+8.7%	+4.2%	+20.7%	+11.9%	+12.6%	+70.4%	-0.8%	+16.7%	+9.0%	—
Current Portion of Long Term Debt	+25.7%	-5.4%	+73.9%	-66.9%	+47.0%	+126.5%	-29.3%	-17.3%	+1495.8%	—
Total Current Liabilities	+11.7%	+2.4%	+28.1%	-16.1%	+22.8%	+83.9%	-9.6%	+3.6%	+70.1%	—
Long Term Debt	-2.3%	+15.6%	-11.7%	-7.9%	-17.2%	+23.2%	+79.9%	+13.1%	-15.1%	—
Deferred Tax Liabilities	-7.4%	+32.1%	-10.9%	-27.2%	-17.5%	+222.7%	+5.9%	-57.1%	-63.9%	—
Other Noncurrent Liabilities	+8.1%	-6.8%	+5.5%	+6.8%	+4.0%	+56.9%	+21.4%	-7.1%	+86.8%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+5.4%	+5.7%	+4.9%	+5.1%	+5.3%	+14.4%	+3.0%	+3.4%	+4.3%	—
Retained Earnings	-96.1%	-690.0%	-120.9%	+53.0%	+196.4%	-77.6%	+40.1%	-38.3%	+24.7%	—
Treasury Stock	+11.5%	+25.5%	+42.2%	+46.2%	+38.8%	-90.8%	+1.6%	+102.2%	+9.9%	—
Accumulated Other Comprehensive Income	+40.6%	+16.5%	-4.8%	+24.1%	+7.0%	+13.3%	-45.0%	+9.1%	-5.5%	—
Total Stockholders Equity	-198.3%	-67.9%	-40.0%	+12.0%	+17.8%	+260.0%	+3.2%	-265.7%	+9.9%	—
Noncontrolling Interest	+7.7%	+5.4%	+12.1%	+17.9%	+33.3%	—	—	—	—	—
Total Liabilitiesand Equity	-0.9%	+0.3%	-2.9%	-5.3%	-2.7%	+69.0%	+50.1%	-16.2%	+7.1%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $61.2B

Operating income $15.1B

Net income $4.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+8.6%	+3.7%	-6.4%	+3.3%	+22.7%	+37.7%	+1.6%	+16.1%	+10.1%	—
Expenses Cost of Revenue	+7.7%	-17.2%	+17.2%	-0.2%	+13.4%	+106.8%	-3.6%	+9.6%	+20.7%	—
Expenses Research and Development	-9.2%	+83.9%	+17.3%	-10.2%	+3.1%	+14.5%	-36.8%	+101.6%	+16.3%	—
Expenses Selling,General and Administrative	-5.0%	+14.6%	-15.6%	+23.6%	+9.3%	+62.8%	-6.2%	+17.5%	+7.0%	—
Expenses Other Operating Expenses	-3342.9%	+96.1%	-419.6%	-87.0%	—	+100.0%	-278.0%	—	—	—
Other Income Expense Operating Income	+65.0%	-28.4%	-29.6%	+1.1%	+57.7%	-12.5%	+103.4%	-33.1%	+2.2%	—
Other Income Expense Interest Expense	+21.6%	+28.3%	—	—	—	—	—	—	+4.0%	—
Other Income Expense Other Income/expense	-79.4%	+32.4%	-85.8%	-1.8%	+55.1%	-86.5%	-7157.1%	+94.8%	-65.8%	—
Other Income Expense Income Before Tax	+77.5%	-40.5%	-53.6%	+3.8%	+282.3%	-59.7%	+62.1%	-32.7%	-2.0%	—
Income Tax Income Tax Expense	+514.7%	-141.4%	-15.6%	+13.3%	+217.6%	-325.0%	+211.0%	-120.3%	+25.2%	—
net Income Other Items Below Tax	+12.5%	+20.0%	+99.5%	+14.1%	-39750.0%	+99.6%	-31.9%	—	—	—
net Income net Income	-1.2%	-12.0%	-58.9%	+2.5%	+150.0%	-41.4%	+38.6%	+7.1%	-10.8%	—
net Income Comprehensive Income	+7.5%	-2.1%	-62.1%	+6.6%	+130.8%	-24.7%	+14.0%	+14.8%	-12.8%	—
Earnings Per Share Basic Eps	-1.2%	-12.1%	-58.9%	+2.6%	+137.4%	-48.5%	+44.4%	+10.9%	-9.3%	—
Earnings Per Share Diluted Eps	-1.3%	-12.1%	-59.0%	+2.8%	+137.1%	-48.5%	+44.3%	+10.9%	-9.1%	—
Earnings Per Share Weighted Average Shares Diluted	+0.0%	+0.0%	-0.3%	+0.1%	+6.2%	+12.7%	-4.0%	-3.6%	-1.7%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $19.0B

Investing cash flow $-6.6B

Financing cash flow $-12.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	-1.2%	-12.0%	-58.9%	+2.6%	+149.9%	-41.4%	+38.6%	+7.1%	-10.8%	—
Operating Activities Depreciation and Amortization	-2.4%	-3.3%	+2.1%	-0.3%	+31.5%	+213.3%	+16.9%	+17.6%	+96.5%	—
Operating Activities Stock Based Compensation	+4.8%	+22.0%	+11.3%	-3.0%	-8.1%	+75.1%	+2.1%	+15.3%	+3.4%	—
Operating Activities Deferred Income Taxes	+66.0%	+49.8%	-49.6%	-115.0%	+61.4%	-2005.7%	+108.0%	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+15.1%	-198.9%	+3092.6%	+92.4%	-1261.3%	+107.3%	-471.1%	+4244.4%	+100.5%	—
Operating Activities Other Non Cash Items	-9.5%	+10.0%	+43.6%	+44.4%	-47.9%	+84.1%	-35.3%	+140.6%	+124.8%	—
Operating Activities net Cash From Operating Activities	+1.2%	-17.7%	-8.4%	+9.5%	+29.5%	+32.0%	-0.8%	+34.8%	+41.5%	—
Investing Activities Capital Expenditures	-24.6%	-25.4%	-11.8%	+11.7%	+1.4%	-44.6%	+13.5%	-20.6%	-10.4%	—
Investing Activities Business Acquisitions	+98.8%	—	+100.0%	+51.4%	+98.6%	—	—	—	—	—
Investing Activities Purchases of Investments	-70.4%	-140.6%	+35.4%	-30.2%	-4.0%	+13.2%	+33.4%	+0.4%	+54.5%	—
Investing Activities Proceeds From Sale of Investments	-86.3%	+909.1%	-96.4%	+1461.2%	-93.6%	-43.5%	+25.0%	-22.7%	+18.4%	—
Investing Activities Other Investing Activities	-115.3%	+1353.8%	-98.3%	+111.5%	-73.6%	+730.5%	—	—	-100.0%	—
Investing Activities net Cash From Investing Activities	+68.1%	-936.3%	-222.5%	+73.4%	+93.8%	-6401.5%	+159.2%	-267.2%	+95.5%	—
Financing Activities Proceeds From Debt	-60.0%	—	-100.0%	+100.0%	-66.7%	-90.5%	+251.2%	—	-100.0%	—
Financing Activities Repayment of Debt	+34.4%	-252.4%	+71.3%	-53.3%	-65.7%	-25.3%	+24.8%	-24040.0%	+99.6%	—
Financing Activities Repurchase of Common Stock	+42.6%	+13.4%	-32.6%	-59.2%	+4.5%	-55.5%	+94.8%	-752.1%	+76.6%	—
Financing Activities Dividends Paid	-5.7%	-4.6%	-4.9%	-8.4%	-20.0%	-21.2%	-14.1%	-35.9%	-10.5%	—
Financing Activities Proceeds From Stock Issuance	-19.6%	+18.9%	-31.3%	+7.4%	+16.7%	+2512.5%	-89.0%	-71.3%	-5.2%	—
Financing Activities Other Financing Activities	+1395.2%	+94.3%	+32.7%	-63.5%	-102.4%	+73.4%	-741.5%	+187.1%	-255.6%	—
Financing Activities net Cash From Financing Activities	-144.2%	+69.7%	+30.6%	-30.3%	-65.5%	-161.5%	+230.0%	-161.2%	-40.3%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+164.6%	-1400.0%	+108.1%	+36.1%	-1840.0%	-171.4%	+117.9%	-234.5%	+108.6%	—
Cash Reconciliation net Change In Cash	+96.0%	-301.8%	+762.9%	-142.0%	+104.1%	-196.4%	+1720.4%	-147.9%	+227.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+70.2%	+70.0%	+62.4%	+70.0%	+69.0%	+66.4%	+77.6%	+76.4%	+75.0%	+77.3%
Operating margin	+24.6%	+16.2%	+23.5%	+31.2%	+31.9%	+24.8%	+39.0%	+19.5%	+33.8%	+36.4%
Net margin	+6.9%	+7.6%	+9.0%	+20.4%	+20.5%	+10.1%	+23.7%	+17.4%	+18.8%	+23.2%
FCF margin	+29.1%	+31.7%	+40.6%	+41.8%	+39.1%	+36.7%	+38.4%	+39.0%	+33.4%	+25.6%
Growth
Revenue CAGR (3y)	+1.8%	+0.1%	+5.8%	+20.4%	+19.7%	+17.5%	+9.1%	+12.7%	+12.2%	+10.9%
Returns
ROE	-129.2%	+128.7%	+46.9%	+68.6%	+74.9%	+35.3%	-96.5%	-67.3%	+104.2%	+128.4%
ROA	+3.2%	+3.2%	+3.6%	+8.5%	+7.9%	+3.1%	+8.8%	+9.6%	+7.5%	+9.0%
ROIC	+16.4%	+14.1%	+17.5%	+22.3%	+19.4%	+12.5%	+65.2%	+26.0%	+19.8%	+19.4%
Liquidity
Current ratio	0.67x	0.66x	0.87x	0.96x	0.79x	0.84x	3.18x	0.98x	1.28x	1.65x
Quick ratio	0.41x	0.42x	0.63x	0.69x	0.56x	0.60x	2.91x	0.74x	0.86x	1.01x
Leverage
D/E	-41.97x	39.65x	12.00x	7.04x	8.51x	10.51x	-11.90x	-8.03x	12.89x	13.26x
Interest coverage	5.74x	4.23x	7.58x	—	—	4.98x	—	—	9.51x	9.68x
Efficiency
Asset turnover	0.46x	0.42x	0.40x	0.42x	0.38x	0.30x	0.37x	0.55x	0.40x	0.39x
Cash conversion cycle	-522d	-529d	-400d	-387d	-345d	-329d	-432d	-428d	-381d	-429d

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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Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

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