Abbott ABT
NYSE · Pharmaceutical Preparations · $199.9B$113.60−1.65%Nov 5 close · Databento
ABT Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $113.601D −1.65%3M +4.58%SMA20 $104.99SMA50 $104.04RSI(14) 67.8
113.60
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 67.8
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$199.9B
EV / True FCF30.8x
Revenue$44.3B +5.7%
True FCF (ex-SBC)$6.7B +16.4%
Rule of 4022.4%
ROIC10.3%
True FCF Yield3.4%
EPS, diluted$3.72 −51.3%
Modern Valuation (EOD)
Market Cap$199.9B
Enterprise Value$207.3B
EV / True FCF30.80
EV / FCF28.03
EV / Gross Profit—
EV / EBIT25.74
EV / Sales4.68
P / E (GAAP)30.64
P / FCF27.03
P / Oper. CF20.89
P / Book3.79
Owner & Cash Yields
True FCF Yield3.4%
FCF Yield3.7%
Owner Earn. Yield2.6%
Earnings Yield3.3%
Shareholder Yield+2.2%
Buyback Yield0.4%
Dividend Yield2.11%
Dividend / sh$2.40
Payout Ratio63%
FCF / sh$4.27
EPS (diluted)$3.72
Compounder & Returns
Rule of 4022.4%
ROIC10.3%
Cash ROIC (CROIC)12.3%
GP / Assets—
ROE12.4%
ROA7.5%
Gross Margin—
Oper. Margin18.2%
Net Margin14.7%
FCF Margin16.7%
True FCF Margin15.2%
Quality & Dilution
Cash Conversion113%
Accrual Ratio−3.5%
SBC % of FCF9.0%
SBC % of Rev1.5%
Reinvest. Rate53%
Sales Growth Y/Y+5.7%
Sales 3Y CAGR+0.5%
EPS Growth Y/Y−51.3%
FCF Growth Y/Y+16.4%
FCF 3Y CAGR−1.8%
Share Change Y/Y0.0%
Balance Sheet & Scale
Revenue (FY)$44.3B
Gross Profit (FY)—
Oper. Income (FY)$8.1B
GAAP Net Income$6.5B
True FCF (ex-SBC)$6.7B
Cash & Equiv$8.5B
Total Debt$16.0B
Net Cash (Debt)$-7.4B
Net Cash % MCap−3.7%
Debt / FCF (yrs)2.2y
Current Ratio1.581.73B sh
Price & Technicals (EOD)
Perf Week+8.64%
Perf Month+15.06%
Perf Quarter+5.37%
Perf Half Y+30.56%
Perf YTD+18.33%
SMA 20 Dist+8.20%$104.99
SMA 50 Dist+9.19%$104.04
SMA 100 Dist+10.51%$102.79
Window High−2.63%$116.67
Window Low+37.60%$82.56
RSI (14) · Vol67.830%v
Income Distribution & Cash Flow ConversionHow every dollar of ABT revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$19.3B ($43.6 / $100)
R&D Reinvestment$2.9B ($6.6 / $100)
SG&A & Other OpEx$14.0B ($31.6 / $100)
Tax & Non-Operating$1.5B ($3.4 / $100)
Net Profit Kept$6.5B ($14.7 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$6.5B (14.7% margin)
Operating Cash Flow (OCF)$9.6B(21.6% of rev)
Less: Capital Expenditures−$2.2B(4.9% of rev)
Standard Free Cash Flow (FCF)$7.4B(16.7% margin)
Less: Stock-Based Comp (SBC)−$664.0M(9.0% of FCF)
True FCF (Owner Cash ex-SBC)$6.7B(15.2% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $43.1B | $43.7B | $40.1B | $42.0B | $44.3B | +5.7% | +0.7% | |
| Cost of Revenue (COGS) | $18.5B | $19.1B | $18.0B | $18.7B | $19.3B | +3.3% | +1.0% | |
| Research & Development (R&D) | $2.7B | $2.9B | $2.7B | $2.8B | $2.9B | +3.4% | +1.8% | |
| Selling, General & Admin (SG&A) | $11.3B | $11.2B | $10.9B | $11.7B | $12.3B | +5.4% | +2.2% | |
| Operating Income (EBIT) | $8.4B | $8.4B | $6.5B | $6.8B | $8.1B | +18.0% | −1.1% | |
| Interest Expense | $533.0M | $558.0M | $637.0M | $559.0M | $493.0M | −11.8% | −1.9% | |
| Income Tax Expense | $1.1B | $1.4B | $941.0M | $-6.4B | $1.9B | +130.4% | +14.2% | |
| GAAP Net Income | $7.1B | $6.9B | $5.7B | $13.4B | $6.5B | −51.3% | −2.0% | |
| Diluted EPS | $3.94 | $3.91 | $3.26 | $7.64 | $3.72 | −51.3% | −1.4% | |
| Diluted Shares | 1.79B | 1.76B | 1.75B | 1.75B | 1.75B | +0.0% | −0.6% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $9.8B | $9.9B | $6.9B | $7.6B | $8.5B | +11.9% | −3.4% | |
| Inventory | $5.2B | $6.2B | $6.6B | $6.2B | $6.5B | +4.7% | +5.9% | |
| Total Current Assets | $24.2B | $25.2B | $22.7B | $23.7B | $26.0B | +9.9% | +1.8% | |
| Total Assets | $75.2B | $74.4B | $73.2B | $81.4B | $86.7B | +6.5% | +3.6% | |
| Total Current Liabilities | $13.1B | $15.5B | $13.8B | $14.2B | $16.5B | +16.5% | +5.9% | |
| Total Debt (Short + Long Term) | $18.8B | $19.0B | $15.8B | $15.6B | $16.0B | +2.2% | −4.0% | |
| Stockholders' Equity | $36.0B | $36.9B | $38.8B | $47.9B | $52.8B | +10.2% | +10.0% | |
| Net Cash / (Net Debt) | $-9.0B | $-9.1B | $-8.9B | $-8.0B | $-7.4B | +7.1% | — | |
| Invested Capital | $45.0B | $46.0B | $47.7B | $55.9B | $60.2B | +7.7% | +7.5% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $10.5B | $9.6B | $7.3B | $8.6B | $9.6B | +11.8% | −2.4% | |
| Depreciation & Amortization (D&A) | $1.5B | $1.3B | $1.3B | $1.3B | $1.4B | +7.0% | −1.0% | |
| Stock-Based Compensation (SBC) | $640.0M | $685.0M | $644.0M | $673.0M | $664.0M | −1.3% | +0.9% | |
| Capital Expenditures (CapEx) | $1.9B | $1.8B | $2.2B | $2.2B | $2.2B | −1.6% | +3.6% | |
| Free Cash Flow (FCF) | $8.6B | $7.8B | $5.1B | $6.4B | $7.4B | +16.4% | −3.8% | |
| True FCF (ex-SBC Owner Cash) | $8.0B | $7.1B | $4.4B | $5.7B | $6.7B | +18.5% | −4.2% | |
| Share Repurchases (Buybacks) | $2.3B | $3.8B | $1.2B | $1.3B | $893.0M | −31.0% | −21.1% | |
| Dividends Paid | $3.2B | $3.3B | $3.6B | $3.8B | $4.1B | +7.3% | +6.5% | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
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