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ABB LTD ZUERICH (ABLZF) Financials

ABLZF
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 $175.7B as of Sep 18, 2026
Price / Sales 5.4x on $32.2B revenue, FY2023
Price / Earnings 45.9x on $3.8B net income, FY2023
Price / Book 13.1x 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 18, 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 LTD ZUERICH (ABLZF) 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 ABLZF FY2023

ABB’s dominant mechanic is a cyclical profit recovery that converts into cash while working capital tightens.

FY2023’s operating margin reached 15.1% while operating cash flow reached $4.3B, linking the profit rebound to cash generation rather than a below-the-line item. Free cash flow of $3.5B, after $770M of capital expenditures, shows the recovered cash was not dependent on unusually low reinvestment.

The balance sheet is becoming more tightly managed: the current ratio slipped to 1.2x from 1.3x, leaving less short-term cushion than in FY2019. Inventory reached $6.1B while debt-to-equity remained moderate at 0.4x, making working-capital execution more important than leverage reduction.

Cash generation also funded substantial capital returns, with dividends of $1.7B and buybacks of $1.3B in FY2023. Shares outstanding fell to 1,841.5M from 1,865.0M, so distributions included a measurable reduction in the share base rather than dividends alone.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

ABB LTD ZUERICH 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
5.88

ABB LTD ZUERICH scores 5.88, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($175.7B) 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 LTD ZUERICH 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 LTD ZUERICH 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 LTD ZUERICH 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 LTD ZUERICH 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.

ABLZF 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.

ABLZF 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).

ABLZF 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.

ABLZF 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.

ABLZF 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.

ABLZF 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.

ABLZF 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.

ABLZF 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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
ABB LTD ZUERICH ABLZF FY2023 $32.2B $3.8B 11.9% $175.7B
ABB LTD ABBNY FY2023 $32.2B $3.8B 11.9% $153.5B

Frequently Asked Questions

What is ABB LTD ZUERICH's annual revenue?

ABB LTD ZUERICH (ABLZF) 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 LTD ZUERICH's revenue growing?

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

Is ABB LTD ZUERICH profitable?

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

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

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

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

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

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

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

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

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

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

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

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

ABB LTD ZUERICH (ABLZF) had 1.84B shares outstanding as of fiscal year 2023.

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

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

ABB LTD ZUERICH (ABLZF) trades at 45.9x earnings, its market capitalization divided by net income of $3.8B net income, FY2023. The market capitalization is $175.7B as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ABB LTD ZUERICH (ABLZF) trades at 5.4x sales, its market capitalization divided by revenue of $32.2B revenue, FY2023. The market capitalization is $175.7B as of Sep 18, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

ABB LTD ZUERICH (ABLZF) has an Altman Z-Score of 5.88, 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 LTD ZUERICH (ABLZF) 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 LTD ZUERICH (ABLZF) 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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