MARKETS / BALCAO / ABBNY

BALCAO · SWITCHGEAR & SWITCHBOARD APPARATUS · LARGE CAP

ABB Ltd. ABBNY

17 fiscal years on record · USD · FY2023 reported · SEC filings only

Revenue

$32.2B

▲ 9.5% YoY

Net income

$3.8B

▲ 47.4% YoY

Free cash flow

$3.5B

▲ 570.5% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

ABB Ltd sells traditional products and services together with software-enabled products and systems, digital services and software, both separately and combined as scalable solutions. It operates in approximately 100 countries across three regions, Europe, the Americas, and Asia, Middle East and Africa, and generates revenues in numerous currencies. The company counted more than 105,000 employees. Headquartered in Zurich, Switzerland, it governs itself through four Business areas: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The Electrification Business area supplies electrical distribution and management technologies, solutions and services, with a portfolio that includes medium- and low-voltage electrical components, switchgear, digital devices, enclosures and circuit breakers. The Motion Business area designs, manufactures and sells drives, motors, generators and traction converters. The Process Automation Business area provides integrated automation, electrical and digital systems and services for customers in the process, hybrid and maritime industries. The Robotics & Discrete Automation Business area provides robotics and machine and factory automation, including products, software, solutions and services.

Written from the business description in ABB Ltd's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2024. Every sentence was checked against that document before publication.

Growth

USD 32.2B

Revenue, FY2023 · full 17-year series below

Revenue $B Net income $B

FY2023 · Revenue 32.2 · Net income 3.8

Compound annual growth

Revenue

+7.2%

+3.1%

−2.6%

−0.5%

Net income

−9.8%

+10.7%

+2.8%

EPS, diluted

−6.1%

+14.5%

+5.2%

+2.6%

Returned to shareholders

−14.7%

+8.6%

+5.9%

+11.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +3.1% a year over five years — but profit grew faster: net income at +10.7%, earnings per share at +14.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2023 · Operating 15.1% · Net 11.9%

ROE

FY2023 · ROE 29.2%

Three returns, three denominators.

Return on equity29.2%

Return on assets9.5%

Return on capital employed21.4%

Gross margin34.8%

Operating margin15.1%

Net margin11.9%

EBITDAUSD 5.7B

Each USD of equity produced 29 cents of profit this year.

Cash & shareholders

USD 3.0B

returned in FY2023 · dividends + net buybacks

Free cash flow $B

FY2023 · FCF 3.5

Net buybacks $B Dividends $B

FY2023 · Dividends 1.7 · Net buybacks 1.3

Dividends paidUSD 1.7B

Net buybacksUSD 1.3B

Share of profit77.7%

Consecutive raises·

USD 1.7B in dividends and USD 1.3B in buybacks — 78% of the year's profit went back to shareholders.

Total assetsUSD 40.9B

EquityUSD 13.4B

CashUSD 3.9B

Gross debtUSD 7.8B

Net debtUSD 3.9B

Current ratio1.18×

Net debt stands at 29% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	32.2	29.4	28.9	26.1	28.0	27.7	25.2	24.9	35.5	39.8	41.8	39.3	38.0	31.6	31.8	34.9	29.2
Operating income $B	4.9	3.3	5.7	1.6	1.9	2.2	2.2	1.9	3.0	4.2	4.4	4.1	4.7	3.8	4.1	4.6	4.0
EBITDA $B	5.7	4.2	6.6	2.5	2.9	3.1	3.1	2.8	4.2	5.5	5.7	5.2	5.7	4.5	4.8	5.2	4.6
Income tax $B	0.9	0.8	1.1	0.5	0.8	0.5	0.6	0.5	0.8	1.2	1.1	1.0	1.2	1.0	1.0	1.1	0.6
Net income $B	3.8	2.6	4.7	5.2	1.5	2.3	2.4	2.0	2.1	2.7	2.9	2.8	3.3	2.7	3.1	3.1	3.6
Free cash flow $B	3.5	0.5	2.5	1.0	1.6	2.2	3.0	3.2	2.9	2.8	2.5	2.5	2.6	3.4	3.1	2.8	2.3
EPS, diluted $	2.01	1.30	2.25	2.43	0.67	1.02	1.03	0.88	0.87	1.13	1.21	1.18	1.38	1.12	1.27	1.36	1.57
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	45	65	37	33	110	75	69	·	66	68	57	58	47	·	·	·	·
ROE %	29.2	18.3	29.7	35.6	11.1	16.0	16.8	14.6	13.4	15.6	16.3	17.2	21.6	17.9	23.3	27.5	31.3

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivitySwitchgear & Switchboard Apparatus

Listed onOTC market

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2007