Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Abbott Laboratories

ABT stock analysis · Health Care · Health Care Equipment

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$90.74HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$158.1B

Price × SEC outstanding shares. Shares measured 2026-03-31. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$64.48

Equity cash-flow scenario · SEC outstanding shares at 2026-03-31 · -28.9% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

13.4%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

16.5%

14 industry peers · median 28.3×

How this is calculated ↗
Valuation

Historical multiples

27.7×

7 annual observations · snapshot P/E 24.3× · -12.1% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

11.4%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

55/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

6.5%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.6%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.9%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 10.5B2020-12-31: cfo $7,901,000,000.002020-12-31: capex $2,177,000,000.0020202021-12-31: cfo $10,533,000,000.002021-12-31: capex $1,885,000,000.0020212022-12-31: cfo $9,581,000,000.002022-12-31: capex $1,777,000,000.0020222023-12-31: cfo $7,261,000,000.002023-12-31: capex $2,202,000,000.0020232024-12-31: cfo $8,558,000,000.002024-12-31: capex $2,207,000,000.0020242025-12-31: cfo $9,566,000,000.002025-12-31: capex $2,171,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$80.88$88.25$96.17
10.0%$59.27$64.48$70.08
12.0%$46.76$50.74$55.00

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3144.3B6.5B9.6B2.2B86.7B
2024-12-3142B13.4B8.6B2.2B81.4B
2023-12-3140.1B5.7B7.3B2.2B73.2B
2022-12-3143.7B6.9B9.6B1.8B74.4B
2021-12-3143.1B7.1B10.5B1.9B75.2B
2020-12-3134.6B4.5B7.9B2.2B72.5B
2019-12-3131.9B3.7B6.1B1.6B67.9B
2018-12-3130.6B2.4B6.3B1.4B67.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue44.3BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-20
netIncome6.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent/common earnings proxy6.5BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-20
cfo9.6BNetCashProvidedByUsedInOperatingActivities2026-02-20
capex2.2BPaymentsToAcquirePropertyPlantAndEquipment2026-02-20
operatingIncome8.1BOperatingIncomeLoss2026-02-20
assets86.7BAssets2026-02-20
equity52.8BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-20
Parent book equity proxy52.1BStockholdersEquity2026-02-20
debt12.9BLongTermDebt2026-02-20
shortDebtNot reported under a supported tag
cash8.5BCashAndCashEquivalentsAtCarryingValue2026-02-20
shares1.7BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-20
dividends4.1BPaymentsOfDividendsCommonStock2026-02-20
buybacks893MPaymentsForRepurchaseOfCommonStock2026-02-20
issuance396MReviewed manual correction
Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from stock options exercised: 396000000 USD [us-gaap:ProceedsFromStockOptionsExercised]. All 7 financing lines reconcile exactly to reported financing cash flow -6309000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -82000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2026-02-20