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ABB (ABBNY) Financials

ABBNY
FY2023 annual
Revenue $32.2B +9.5% YoY
Net Income $3.8B +47.4% YoY
EPS (Diluted) $2.01 +54.6% YoY
Free Cash Flow $3.5B +570.5% YoY
Market Cap $180.9B as of Sep 8, 2026
Price / Sales 5.6x on $32.2B revenue, FY2023
Price / Earnings 47.3x on $3.8B net income, FY2023
Price / Book 13.5x on $13.4B equity, Q4 FY2023

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2023, ended Dec 31, 2023 Reported Currency USD FYE December

Newest figures come from the 10-K for FY2023, filed Feb 23, 2024. Each column of the statement tables below links to the filing it was taken from.

ABB (ABBNY) reported $32.2B in revenue for fiscal year 2023, up 9.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI ABBNY FY2023

ABB’s rebound is driven by margin recovery that now converts into cash, while the balance sheet remains meaningfully liability-financed.

Between FY2022 and FY2023, operating margin rose from 11.3% to 15.1%, showing profit recovered faster than sales. At the same time, free-cash-flow margin climbed from 1.8% to 10.9%; with capital spending nearly unchanged, the improvement points to better conversion rather than simply heavier reinvestment.

Debt-to-equity moved from 0.3x in FY2021 to 0.4x in FY2023, so the earnings rebound did not restore the leanest balance-sheet posture seen in the period. The current ratio ended at 1.2x, indicating a narrower short-term cushion even as profitability improved.

FY2023 free cash flow of $3.52B exceeded dividends of $1.71B, allowing distributions without using the entire internally generated cash pool. Share count fell from 2.13B to 1.84B as buybacks continued, making capital returns part of the period’s per-share support.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

ABB does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe
6.00

ABB scores 6.00, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($180.9B) relative to total liabilities ($26.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

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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Earnings & Revenue

None of these metrics is reported for Q4 2023.

Cash & Balance Sheet

Cash & Debt
$3.9B
YoY-6.4%
QoQ-6.4%

ABB held $3.9B in cash against $5.2B in long-term debt as of Q4 2023.

Shares Outstanding
1.84B
YoY-1.3%
QoQ-1.3%

ABB had 1.84B shares outstanding in Q4 2023. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 1.3%.

Free Cash Flow

Not reported for Q4 2023.

Dividends Per Share

Not reported for Q4 2023.

Margins & Returns

None of these metrics is reported for Q4 2023.

Capital Allocation

None of these metrics is reported for Q4 2023.

ABBNY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABBNY quarterly income statement
MetricQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-KQ4'1710-KQ4'1610-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

ABBNY Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABBNY quarterly balance sheet
MetricQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-KQ4'1710-KQ4'1610-K
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-4.1%
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-7.5%
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-20.2%
Short-Term Investments$1.9B+165.9%$725.0M-38.0%$1.2B-44.5%$2.1B+272.4%$566.0M-20.5%$712.0M-34.3%$1.1B-44.5%$2.0B+19.6%
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-8.6%
Long-Term Investments$0$0$0$0$0$0$0$0
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-17.8%
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-4.0%
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-4.4%
Non-Current Liabilities$8.8B-6.0%$9.3B+7.0%$8.7B-9.7%$9.7B-18.5%$11.9B+3.5%$11.5B-1.5%$11.6B+14.6%$10.2B-3.5%
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-3.1%
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-7.5%
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-2.7%

Not reported in any period shown, so not listed: Accounts Receivable.

ABBNY Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABBNY quarterly cash flow statement
MetricQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-KQ4'1710-KQ4'1610-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

ABBNY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABBNY quarterly financial ratios
MetricQ4'2310-KQ4'2210-KQ4'2110-KQ4'2010-KQ4'1910-KQ4'1810-KQ4'1710-KQ4'1610-K
Current Ratio1.180.0x1.180.0x1.200.0x1.25-0.1x1.31+0.1x1.19-0.2x1.340.0x1.390.0x
Debt-to-Equity0.390.0x0.40+0.1x0.270.0x0.31-0.2x0.500.0x0.470.0x0.450.0x0.430.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

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%.

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.

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

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

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.

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

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.

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

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.

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

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

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

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

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

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

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

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.

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.

ABB (ABBNY) trades at 47.3x earnings, its market capitalization divided by net income of $3.8B net income, FY2023. The market capitalization is $180.9B as of Sep 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ABB (ABBNY) trades at 5.6x sales, its market capitalization divided by revenue of $32.2B revenue, FY2023. The market capitalization is $180.9B as of Sep 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ABB (ABBNY) has an Altman Z-Score of 6.00, 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.

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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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.

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