Ledger

ABBV

ABBV·Healthcare
www.abbvie.com

AbbVie Inc. , a research-based biopharmaceutical company, engages in the research and development, manufacturing, commercializing, and sale of medicines and therapies worldwide.

$256.46
-$3.75 (-1.44%)Today
Open
$257.96
High
$258.91
Low
$255.61
Volume
4.7M
$190.7552-Week Range$267.47
Current: $256.46 · Near 52W High
MARKET CAP
$453.2B
P/E (TTM)
72.4x
P/B RATIO
ROE
EPS (TTM) 10.2% Rev YoY
$3.54
DIVIDEND YIELD
2.70%
BETA
0.28
Defensive / low-beta

Company Info

Industry
Drug Manufacturers - General
Country
United States

Leadership

DA
Dr. Azita Saleki Ph.D.
Chief Executive Officer
Stock Score
High Quality
23/ 100
Val
9
Grw
26
Qly
40
Value 40%·Growth 35%·Quality 25%
Price History
$256.46 $46.67 (22.25%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement

Income Statement

Revenue & Margin Trend

PeriodRevenueOpExEBITDANet IncomeEPS
2022$58.05B$21.83B$24.17B$11.84B$6.63
2023$54.32B$20.37B$17.17B$4.86B$2.72
2024$56.33B$27.54B$14.91B$4.28B$2.39
2025$61.16B$22.86B$17.63B$4.23B$2.36
02 / Balance Sheet

Balance Sheet

Cash & Equivalents
$5.23B
Total Debt
$67.50B

Assets Distribution

Current Assets
Non-Current Assets

Liabilities & Equity

Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow

Cash Flow

Positive free cash flow of $17.8B — 94% of operating cash flow.
Operating CF
$19B
Free Cash Flow
$17.8B
Investing CF
-$6.6B
Financing CF
-$12.7B

Cash Flow Mix

Operating Cash$19B
Investing Cash-$6.6B
Financing Cash-$12.7B
Net Change-$337M

FCF Generation

The company converts 94% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.

CapEx Burden

Capital expenditures consume $6.6B of operating cash. Monitor for maintenance vs. growth CapEx split.

Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios

Financial Ratios

Profitability

Gross Margin
70.2%
Gross Profit / Revenue
Operating Margin
32.8%
Op. Income / Revenue
Net Margin
6.9%
Net Income / Revenue
ROIC
6.6%
Return on Invested Capital

Liquidity & Leverage

Current Ratio
0.67x
Current Assets / Current Liab.
Cash Ratio
0.12x
Cash / Current Liab.
Debt-to-Equity
N/A
Total Debt / Equity
Asset Turnover
0.46
Revenue / Total Assets

Returns

ROE
N/A
Return on Equity
ROA
10.5%
Return on Assets
EPS (TTM)
$3.54
Earnings Per Share
06 / Historical Trends

Historical Trends

Revenue

+1.8% CAGR

Net Income

-29.1% CAGR

EPS

-29.1% CAGR
05 / Dividends

Dividends & Yield

Dividend Yield
2.70%
Annual
Annual Dividend
$6.92
Per Share
Payout Ratio
195.6%
Div / EPS
Est. Div Growth
+4.1%
Approx. YoY

Dividend Safety Assessment

The payout ratio of 196% is elevated and may be at risk if earnings decline.

Recent Dividend Payments

DateAmount
2026-07-15$1.73
2026-04-15$1.73
2026-01-16$1.73
2025-10-15$1.64
2025-07-15$1.64
2025-04-15$1.64
2025-01-15$1.64
2024-10-15$1.55
2024-07-15$1.55
2024-04-12$1.55

Institutional Ownership

Moderate Institutional Support

Top 3 institutional holders control 19.7% of shares, providing a stable foundation of institutional capital.

Retail Influence

Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.

Top Institutional Holders

Blackrock Inc.8.46%
149.49M shares
Vanguard Capital Management LLC6.53%
115.4M shares
State Street Corporation4.67%
82.6M shares
Vanguard Portfolio Management LLC2.74%
48.48M shares
JPMORGAN CHASE & CO2.71%
47.86M shares

Top ETFs Holding

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.17%
56.09M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.59%
45.78M shares
iShares Trust-iShares Core S&P 500 ETF1.38%
24.3M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.29%
22.85M shares
SPDR S&P 500 ETF TRUST-State Street SPDR S&P 500 ETF Trust1.21%
21.41M shares
07 / Market Events

Market Events

Upcoming Earnings

OCT
29THU
DateOct 29, 2026
DayThursday
Revenue Est.$17.3B
EPS Est.$3.84
08 / Market Intelligence

Market Intelligence

Analyst Consensus

Consensus (31 Ratings)
Buy
Strong Buy
8
Buy
17
Hold
5
Sell
0
Strong Sell
1
Recent Insider Trades
DONOGHOE NICHOLAS
Officer
Sale
32,710 shs
DONOGHOE NICHOLAS
Officer
Sale
32,710 shs
FREYMAN THOMAS C
Director
Sale
1,118 shs
FALK THOMAS J
Director
Sale
1,118 shs
Price Targets
Upside to Mean+7.8%
$200$277$328
Low
$200.00
Mean
$276.59
Median
$280.00
High
$328.00

Earnings History

Beat Rate
3/4
Avg Surprise
+1.7%
PeriodEst. EPSAct. EPSSurprise
2025-09$1.78$1.86+4.2%
2025-12$2.65$2.71+2.2%
2026-03$2.67$2.65-0.8%
2026-06$3.61$3.65+1.1%