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AbbVie ABBV Debt-to-equity

Debt-to-equity at other companies

Eli Lilly logo
Eli LillyLLY
1.4×-1.1×
Pfizer logo
PfizerPFE
0.7×0.0×
Johnson & Johnson logo
Johnson & JohnsonJNJ
0.7×0.0×
Amgen logo
AmgenAMGN
6.2×-3.0×
The Cooper Companies, Inc. logo
The Cooper Companies, Inc.COO
0.4×+0.1×
Vertex Pharmaceuticals logo
Vertex PharmaceuticalsVRTX
0.1×0.0×

Other financials

Income statement

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Revenue$15.0B+12.4%
Gross profit$10.8B+15.4%
Operating income$4.0B+6.9%
Net income$695.0M-46.0%
EPS (diluted)$0.39-45.8%

Balance sheet

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Cash & equivalents$9.4B+81.5%
Total debt$62.4B+1.8%
Total equity-$6.7B-569%
Total assets$136.46B+0.2%

Cash flow

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Operating cash flow$3.8B+134%
CapEx$265.0M+12.8%
Free cash flow$3.6B+155%

Valuation

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Market cap$382.49B+3.8%
P/E105.2×+17.4×
P/S6.1×-0.3×

Profitability

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Gross margin70.7%0.0pp
Operating margin24.4%
Net margin5.8%-1.5pp
FCF margin31.8%+5.0pp

Returns & leverage

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Return on equity89%+32.7pp
Current ratio0.8×0.0×

Where this comes from

Calculated from AbbVie’s reported figures.

Based on the most recent quarter.

The official record: AbbVie’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AbbVie's debt-to-equity?
AbbVie (ABBV) reported debt-to-equity of 46.6× in Q1 2025.
How has AbbVie's debt-to-equity changed year-over-year?
AbbVie's debt-to-equity increased by 484.3% year-over-year, from 8× to 46.6×.
What is the long-term trend for AbbVie's debt-to-equity?
Over 4 years (2020 to 2024), AbbVie's debt-to-equity has grown at a 32.3% compound annual growth rate (CAGR), from 6× to 18.4×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.