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
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

YearRevenues ($M)Profits ($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
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