AbbVie Inc (ABBV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,902,000 | 16,921,000 | 18,702,000 | 13,318,000 | 25,827,000 |
| Revenue | US$ in thousands | 54,318,000 | 58,054,000 | 56,197,000 | 45,804,000 | 33,266,000 |
| Gross profit margin | 16.39% | 29.15% | 33.28% | 29.08% | 77.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,902,000K ÷ $54,318,000K
= 16.39%
Based on the data provided, Abbvie Inc's gross profit margin has shown some fluctuations in recent years. The gross profit margin for the most recent year, ending December 31, 2023, stands at 62.42%, representing a decrease compared to the previous year's figure of 70.00%. This downward trend follows a similar pattern seen from 2021 to 2022, where the gross profit margin also decreased from 68.96% to 66.41%.
It is worth noting that in 2019, Abbvie Inc experienced a notably higher gross profit margin of 77.64%, showing a significant decrease over the years. These fluctuations in the gross profit margin could be indicative of changes in the company's cost structure, pricing strategy, or revenue mix over the years.
Overall, while the gross profit margin for Abbvie Inc has shown some variability, further analysis and comparison with industry benchmarks and trends would be necessary to provide deeper insights into the company's performance and competitive position in the market.
Peer comparison
Dec 31, 2023