AbbVie Inc (ABBV)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,863,000 | 11,836,000 | 11,542,000 | 4,616,000 | 7,882,000 |
| Revenue | US$ in thousands | 54,318,000 | 58,054,000 | 56,197,000 | 45,804,000 | 33,266,000 |
| Net profit margin | 8.95% | 20.39% | 20.54% | 10.08% | 23.69% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $4,863,000K ÷ $54,318,000K
= 8.95%
The net profit margin of Abbvie Inc has shown fluctuations over the past five years. In 2019, the net profit margin was relatively high at 23.57%, indicating that the company was effectively converting its revenues into profits. However, in 2020, the net profit margin dropped to 9.95%, suggesting a decrease in profitability, possibly due to various operational or economic challenges faced by the company during that period.
Subsequently, in 2021, there was a slight increase in the net profit margin to 20.41%, which indicated a recovery in profitability. The trend continued in 2022 with a net profit margin of 20.29%, showing stability in the company's ability to generate profits relative to its revenues.
However, in 2023, there was a noticeable decline in the net profit margin to 8.87%, which might raise concerns about the company's profitability efficiency. Further analysis would be required to understand the factors contributing to this decline and assess the company's future financial performance.
Peer comparison
Dec 31, 2023