ABTAbbott Laboratories

Health care · Pharmaceuticals · NYSE

Abbott Laboratories is an Illinois corporation, incorporated in 1900. 10-K, Item 1

Employees: 115,000
Headquarters: Abbott Park, IL
CEO: Robert B. Ford
Next results: around Jan 21, 2027

The biggest changes in the 10-K filed 2026-02-20, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

-51.3% Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Operating margin

16.3% → 18.2% (+1.9 pts) Big change FY to 2025-12-31 vs 2024-12-31

“The operating margin profile decreased from 24.4 percent in 2023 to 19.5 percent in 2025 primarily due to lower demand for Abbott's COVID-19 tests.”
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“Operating margin profile decreased from 23.8 percent in 2023 to 23.3 percent in 2025, reflecting increased business costs and unfavorable foreign exchange, partially offset by higher volumes and favorable price adjustment initiatives.”
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Cash from operations

+11.8% Big change FY to 2025-12-31 vs 2024-12-31

“The increase in Net cash from operating activities in 2025 as compared to 2024, and in 2024 compared to 2023, was primarily due to higher segment operating earnings and improved working capital management, partially offset by higher cash payments for income taxes.”
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Revenue

+5.7% FY to 2025-12-31 vs 2024-12-31

“Abbott’s sales growth in 2025 was primarily attributable to the performance of the Medical Devices and Established Pharmaceutical Products segments.”
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“The 2025 and 2024 sales decreases were driven by continued lower demand for the company's portfolio of COVID-19 tests and challenging market conditions in China, including the impact of volume-based procurement programs.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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