AbbVie Inc (ABBV)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,863,000 | 6,514,000 | 8,685,000 | 7,585,000 | 11,836,000 | 13,407,000 | 12,637,000 | 12,479,000 | 11,542,000 | 7,534,000 | 6,663,000 | 5,159,000 | 4,616,000 | 7,381,000 | 6,957,000 | 8,436,000 | 7,882,000 | 3,255,000 | 4,118,000 | 5,360,000 |
| Revenue (ttm) | US$ in thousands | 54,318,000 | 55,138,000 | 56,023,000 | 56,741,000 | 58,054,000 | 57,819,000 | 57,349,000 | 56,725,000 | 56,197,000 | 55,169,000 | 53,729,000 | 50,195,000 | 45,804,000 | 40,650,000 | 36,227,000 | 34,057,000 | 33,266,000 | 32,867,000 | 32,624,000 | 32,647,000 |
| Net profit margin | 8.95% | 11.81% | 15.50% | 13.37% | 20.39% | 23.19% | 22.04% | 22.00% | 20.54% | 13.66% | 12.40% | 10.28% | 10.08% | 18.16% | 19.20% | 24.77% | 23.69% | 9.90% | 12.62% | 16.42% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,863,000K ÷ $54,318,000K
= 8.95%
Abbvie Inc's net profit margin has shown some variability over the past eight quarters. In Q4 2023, the net profit margin was 8.87%, which experienced a decrease from the previous quarter's figure of 11.75%. This downward trend continued from the previous quarter's 15.43% and 13.29% in Q3 and Q2 2023, respectively. However, the net profit margin was the lowest in Q4 2022 at 20.29% before steadily declining to Q1 2023.
Comparing the most recent net profit margin of 8.87% to historical data, it indicates a significant decrease compared to the figures observed in the corresponding quarters of the previous year, such as Q4 2022 (20.29%), Q3 2022 (23.08%), Q2 2022 (21.92%), and Q1 2022 (21.87%).
The declining trend in net profit margin over the analyzed period may suggest potential challenges in managing costs or generating revenue efficiently. It would be essential for Abbvie Inc to investigate the factors contributing to this decline to determine strategies for improving profitability in the future.
Peer comparison
Dec 31, 2023