Abbott Laboratories
RANK
86
COVID-19 testing continued to drive revenue growth for Abbott Labs in 2021: As of January 2022, the company had distributed about 1.4 billion tests, and those generated $7.7 billion in sales in 2021. Medical devices and nutrition products like Similac and Ensure together account for about two-thirds of Abbott’s revenue. The nutrition division endured a setback in early 2022, however, when Abbott issued a voluntary recall of powdered infant formula manufactured in one of its facilities in Michigan after the plant was linked to a bacterial-infection outbreak; the shutdown contributed to a nationwide formula shortage.
David Paul Morris—Bloomberg/Getty Images
Company Information
As of 3/29/23
Country
U.S.
Headquarters
Abbott Park, Ill.
Industry
Medical Products and Equipment
CEO
Robert B. Ford
Website
Company Type
Public
Ticker
ABT
Revenues ($M)
$43,653
Profits ($M)
$6,933
Market Value ($M)
$172,752
Employees
115,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$43,075
24.5%
Profits ($M)
$7,071
57.3%
Assets ($M)
$75,196
-
Total Stockholder Equity ($M)
$35,802
-
Profit Ratios
Profit as % of Revenues
16.4%
Profits as % of Assets
9.4%
Profits as % of Stockholder Equity
19.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
394
EPS % Change (from 2020)
57.6%
EPS % Change (5 year annual rate)
33.2%
EPS % Change (10 year annual rate)
2.7%
Total Return
Total Return to Investors (2021)
30.4%
Total Return to Investors (5 year, annualized)
31.9%
Total Return to Investors (10 year, annualized)
20.4%
Abbott Laboratories Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $34,6088.5% | $4,49521.9% | $72,548 | $32,784 |
| 2020 | $31,9044.3% | $3,68755.7% | $67,887 | $31,088 |
| 2019 | $30,57811.6% | $2,368396.4% | $67,173 | $30,524 |
| 2018 | $27,39031.3% | $477-65.9% | $76,250 | $30,897 |
| 2017 | $20,8530.9% | $1,400-68.3% | $52,666 | $20,538 |
SHOW MORE
Lists ranking Abbott Laboratories
