ABB Financials

ABBNY

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE December

This page shows ABB (ABBNY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 68/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

ABB has an operating margin of 15.1%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is up from 11.3% the prior year.

Growth

ABB's revenue grew 9.5% year-over-year to $32.2B, a solid pace of expansion. This earns a growth score of 56/100.

Leverage

ABB carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

ABB's current ratio of 1.18 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.

Cash Flow

ABB has a free cash flow margin of 10.9%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

ABB earns a strong 28.5% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 20.3% the prior year.

Altman Z-Score Safe

4.86

ABB scores 4.86, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($130.0B) relative to total liabilities ($26.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

8/9

ABB passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, ABB generates $1.12 in operating cash flow ($4.3B OCF vs $3.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$32.2B

YoY+9.5%

5Y CAGR+3.1%

10Y CAGR-2.6%

ABB generated $32.2B in revenue in fiscal year 2023. This represents an increase of 9.5% from the prior year.

EBITDA

$5.7B

YoY+36.1%

5Y CAGR+12.5%

10Y CAGR-0.1%

ABB's EBITDA was $5.7B in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.1% from the prior year.

Free Cash Flow

$3.5B

YoY+570.5%

5Y CAGR+10.3%

10Y CAGR+3.3%

ABB generated $3.5B in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 570.5% from the prior year.

Net Income

$3.8B

YoY+47.4%

5Y CAGR+10.7%

10Y CAGR+2.8%

ABB reported $3.8B in net income in fiscal year 2023. This represents an increase of 47.4% from the prior year.

EPS (Diluted)

$2.01

YoY+54.6%

5Y CAGR+14.5%

10Y CAGR+5.2%

ABB earned $2.01 per diluted share (EPS) in fiscal year 2023. This represents an increase of 54.6% from the prior year.

Cash & Debt

$3.9B

YoY-6.4%

5Y CAGR+2.5%

10Y CAGR-4.3%

ABB held $3.9B in cash against $5.2B in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

1.84B

YoY-1.3%

5Y CAGR-2.9%

10Y CAGR-2.3%

ABB had 1.84B shares outstanding in fiscal year 2023. This represents a decrease of 1.3% from the prior year.

Gross Margin

34.8%

YoY+1.8pp

5Y CAGR+3.9pp

10Y CAGR+6.1pp

ABB's gross margin was 34.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin

15.1%

YoY+3.8pp

5Y CAGR+7.1pp

10Y CAGR+4.6pp

ABB's operating margin was 15.1% in fiscal year 2023, reflecting core business profitability. This is up 3.8 percentage points from the prior year.

Net Margin

11.9%

YoY+3.0pp

5Y CAGR+3.6pp

10Y CAGR+4.9pp

ABB's net profit margin was 11.9% in fiscal year 2023, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

28.5%

YoY+8.2pp

5Y CAGR+12.0pp

10Y CAGR+13.0pp

ABB's ROE was 28.5% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is up 8.2 percentage points from the prior year.

R&D Spending

$1.3B

YoY+13.0%

5Y CAGR+2.8%

10Y CAGR-1.1%

ABB invested $1.3B in research and development in fiscal year 2023. This represents an increase of 13.0% from the prior year.

Share Buybacks

$1.3B

YoY-64.6%

5Y CAGR+38.1%

ABB spent $1.3B on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 64.6% from the prior year.

Capital Expenditures

$770.0M

YoY+1.0%

5Y CAGR-0.1%

10Y CAGR-3.6%

ABB invested $770.0M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 1.0% from the prior year.

ABBNY Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$32.2B+9.5%	$29.4B+1.7%	$28.9B+10.8%	$26.1B-6.6%	$28.0B+1.1%	$27.7B
Cost of Revenue	$21.0B+6.5%	$19.7B+1.3%	$19.5B+6.7%	$18.3B-4.3%	$19.1B-0.2%	$19.1B
Gross Profit	$11.2B+15.5%	$9.7B+2.6%	$9.5B+20.2%	$7.9B-11.5%	$8.9B+4.2%	$8.5B
R&D Expenses	$1.3B+13.0%	$1.2B-4.3%	$1.2B+8.2%	$1.1B-5.9%	$1.2B+4.4%	$1.1B
SG&A Expenses	$5.5B+8.0%	$5.1B-0.6%	$5.2B+5.5%	$4.9B-10.1%	$5.4B+2.9%	$5.3B
Operating Income	$4.9B+46.0%	$3.3B-41.6%	$5.7B+258.9%	$1.6B-17.8%	$1.9B-12.9%	$2.2B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$930.0M+22.9%	$757.0M-28.4%	$1.1B+113.1%	$496.0M-35.8%	$772.0M+41.9%	$544.0M
Net Income	$3.8B+47.4%	$2.6B-44.2%	$4.7B-10.7%	$5.2B+240.6%	$1.5B-33.5%	$2.3B
EPS (Diluted)	$2.01+54.6%	$1.30-42.2%	$2.25-7.4%	$2.43+262.7%	$0.67-34.3%	$1.02

Metric	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17	Q4'16
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ABBNY Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$40.9B+4.6%	$39.1B-2.8%	$40.3B-2.0%	$41.1B-10.9%	$46.1B+3.8%	$44.4B
Current Assets	$21.3B+8.7%	$19.6B+4.7%	$18.7B-2.8%	$19.2B-27.3%	$26.5B+21.0%	$21.9B
Cash & Equivalents	$3.9B-6.4%	$4.2B-0.1%	$4.2B+26.9%	$3.3B-6.6%	$3.5B+1.8%	$3.4B
Inventory	$6.1B+2.0%	$6.0B+23.5%	$4.9B+9.2%	$4.5B+6.8%	$4.2B-2.3%	$4.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.6B+0.5%	$10.5B+0.3%	$10.5B-3.4%	$10.8B+0.2%	$10.8B+0.6%	$10.8B
Total Liabilities	$26.8B+3.5%	$25.9B+6.5%	$24.3B-3.1%	$25.1B-21.9%	$32.1B+7.4%	$29.9B
Current Liabilities	$18.0B+8.9%	$16.5B+6.2%	$15.6B+1.0%	$15.4B-23.9%	$20.3B+9.9%	$18.4B
Long-Term Debt	$5.2B+1.5%	$5.1B+23.1%	$4.2B-13.5%	$4.8B-28.7%	$6.8B+2.8%	$6.6B
Total Equity	$13.4B+5.0%	$12.8B-18.0%	$15.6B-0.7%	$15.7B+16.0%	$13.5B-3.1%	$14.0B
Retained Earnings	$19.7B-1.8%	$20.1B-10.7%	$22.5B-2.0%	$22.9B+16.8%	$19.6B-1.0%	$19.8B

Metric	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17	Q4'16
Total Assets	$40.9B+4.6%	$39.1B-2.8%	$40.3B-2.0%	$41.1B-10.9%	$46.1B+3.8%	$44.4B+2.3%	$43.5B+10.3%	$39.4B
Current Assets	$21.3B+8.7%	$19.6B+4.7%	$18.7B-2.8%	$19.2B-27.3%	$26.5B+21.0%	$21.9B-1.2%	$22.1B+5.1%	$21.1B
Cash & Equivalents	$3.9B-6.4%	$4.2B-0.1%	$4.2B+26.9%	$3.3B-6.6%	$3.5B+1.8%	$3.4B-23.9%	$4.5B+24.2%	$3.6B
Inventory	$6.1B+2.0%	$6.0B+23.5%	$4.9B+9.2%	$4.5B+6.8%	$4.2B-2.3%	$4.3B+14.6%	$3.7B-14.0%	$4.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.6B+0.5%	$10.5B+0.3%	$10.5B-3.4%	$10.8B+0.2%	$10.8B+0.6%	$10.8B+12.9%	$9.5B+19.9%	$8.0B
Total Liabilities	$26.8B+3.5%	$25.9B+6.5%	$24.3B-3.1%	$25.1B-21.9%	$32.1B+7.4%	$29.9B+6.4%	$28.1B+11.1%	$25.3B
Current Liabilities	$18.0B+8.9%	$16.5B+6.2%	$15.6B+1.0%	$15.4B-23.9%	$20.3B+9.9%	$18.4B+12.0%	$16.5B+8.7%	$15.1B
Long-Term Debt	$5.2B+1.5%	$5.1B+23.1%	$4.2B-13.5%	$4.8B-28.7%	$6.8B+2.8%	$6.6B-1.4%	$6.7B+15.2%	$5.8B
Total Equity	$13.4B+5.0%	$12.8B-18.0%	$15.6B-0.7%	$15.7B+16.0%	$13.5B-3.1%	$14.0B-5.9%	$14.8B+10.6%	$13.4B
Retained Earnings	$19.7B-1.8%	$20.1B-10.7%	$22.5B-2.0%	$22.9B+16.8%	$19.6B-1.0%	$19.8B+1.3%	$19.6B-1.7%	$19.9B

ABBNY Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	$4.3B+233.3%	$1.3B-61.4%	$3.3B+96.7%	$1.7B-27.2%	$2.3B-20.5%	$2.9B
Capital Expenditures	$770.0M+1.0%	$762.0M-7.1%	$820.0M+18.2%	$694.0M-8.9%	$762.0M-1.3%	$772.0M
Free Cash Flow	$3.5B+570.5%	$525.0M-79.1%	$2.5B+151.3%	$999.0M-36.1%	$1.6B-27.4%	$2.2B
Investing Cash Flow	-$1.6B-264.6%	$981.0M-57.5%	$2.3B-65.9%	$6.8B+929.4%	-$815.0M+73.6%	-$3.1B
Financing Cash Flow	-$2.9B-21.0%	-$2.4B+51.8%	-$5.0B+39.2%	-$8.2B-491.1%	-$1.4B-75.3%	-$789.0M
Dividends Paid	$1.7B+0.9%	$1.7B-1.6%	$1.7B-0.6%	$1.7B+3.6%	$1.7B-2.4%	$1.7B
Share Buybacks	$1.3B-64.6%	$3.6B-4.2%	$3.7B+21.7%	$3.0B	$0-100.0%	$250.0M

Metric	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17	Q4'16
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ABBNY Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	34.8%+1.8pp	33.0%+0.3pp	32.7%+2.6pp	30.1%-1.7pp	31.8%+0.9pp	30.9%
Operating Margin	15.1%+3.8pp	11.3%-8.4pp	19.8%+13.7pp	6.1%-0.8pp	6.9%-1.1pp	8.1%
Net Margin	11.9%+3.0pp	8.8%-7.2pp	16.1%-3.9pp	19.9%+14.5pp	5.5%-2.8pp	8.3%
Return on Equity	28.5%+8.2pp	20.3%-9.5pp	29.8%-3.3pp	33.2%+21.9pp	11.3%-5.2pp	16.5%
Return on Assets	9.3%+2.7pp	6.6%-4.9pp	11.6%-1.1pp	12.7%+9.4pp	3.3%-1.9pp	5.2%
Current Ratio	1.180.0	1.18-0.0	1.20-0.0	1.25-0.1	1.31+0.1	1.19
Debt-to-Equity	0.39-0.0	0.40+0.1	0.27-0.0	0.31-0.2	0.50+0.0	0.47
FCF Margin	10.9%+9.1pp	1.8%-6.9pp	8.7%+4.9pp	3.8%-1.8pp	5.6%-2.2pp	7.8%

Metric	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17	Q4'16
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.180.0	1.18-0.0	1.20-0.0	1.25-0.1	1.31+0.1	1.19-0.2	1.34-0.0	1.39
Debt-to-Equity	0.39-0.0	0.40+0.1	0.27-0.0	0.31-0.2	0.50+0.0	0.47+0.0	0.45+0.0	0.43
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is ABB's annual revenue?

ABB (ABBNY) reported $32.2B in total revenue for fiscal year 2023. This represents a 9.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ABB's revenue growing?

ABB (ABBNY) revenue grew by 9.5% year-over-year, from $29.4B to $32.2B in fiscal year 2023.

Is ABB profitable?

Yes, ABB (ABBNY) reported a net income of $3.8B in fiscal year 2023, with a net profit margin of 11.9%.

What is ABB's earnings per share (EPS)?

ABB (ABBNY) reported diluted earnings per share of $2.01 for fiscal year 2023. This represents a 54.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is ABB's EBITDA?

ABB (ABBNY) had EBITDA of $5.7B in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ABB have?

As of fiscal year 2023, ABB (ABBNY) had $3.9B in cash and equivalents against $5.2B in long-term debt.

What is ABB's gross margin?

ABB (ABBNY) had a gross margin of 34.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is ABB's operating margin?

ABB (ABBNY) had an operating margin of 15.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is ABB's net profit margin?

ABB (ABBNY) had a net profit margin of 11.9% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is ABB's return on equity (ROE)?

ABB (ABBNY) has a return on equity of 28.5% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is ABB's free cash flow?

ABB (ABBNY) generated $3.5B in free cash flow during fiscal year 2023. This represents a 570.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ABB's operating cash flow?

ABB (ABBNY) generated $4.3B in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are ABB's total assets?

ABB (ABBNY) had $40.9B in total assets as of fiscal year 2023, including both current and long-term assets.

What are ABB's capital expenditures?

ABB (ABBNY) invested $770.0M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does ABB spend on research and development?

ABB (ABBNY) invested $1.3B in research and development during fiscal year 2023.

Does ABB buy back shares?

Yes, ABB (ABBNY) spent $1.3B on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

How many shares does ABB have outstanding?

ABB (ABBNY) had 1.84B shares outstanding as of fiscal year 2023.

What is ABB's current ratio?

ABB (ABBNY) had a current ratio of 1.18 as of fiscal year 2023, which is considered adequate.

What is ABB's debt-to-equity ratio?

ABB (ABBNY) had a debt-to-equity ratio of 0.39 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ABB's return on assets (ROA)?

ABB (ABBNY) had a return on assets of 9.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is ABB's Altman Z-Score?

ABB (ABBNY) has an Altman Z-Score of 4.86, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ABB's Piotroski F-Score?

ABB (ABBNY) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ABB's earnings high quality?

ABB (ABBNY) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is ABB?

ABB (ABBNY) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.