Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Abbott LaboratoriesABT · healthcare
GradeTortoiseCmiddle fifth of 371 graded peers; percentile 54.6, sampling error 2.5 points; lower is stronger
Rank203 of 371
ProfitabilityB/Cpercentile 41.4
SolvencyCpercentile 54.9
Growth and financingCpercentile 52.4
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $86.7B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: distress
Inputs computable11 of 14
Graded fromfilings received through Feb 20, 2026231 days before the rescan; every figure keyed to the SEC receipt date
Last close$98.492026-10-08; market equity $171.6B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$80$100$120NovDecJanFebMarAprMayJunJulAugSepOctC$98.49
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/aQ5
Feb 21, 2013A9.3Q5
Feb 21, 2014E90.8Q5
Feb 21, 2016D72.7Q5
Feb 21, 2017B/C37.0Q5
Mar 21, 2017B30.5Q5
Feb 21, 2018D/E79.3Q5
Feb 21, 2019D75.9Q5
Mar 21, 2019C/D57.6Q5
Feb 21, 2021C49.0Q5
Mar 21, 2021C/D57.7Q5
Jun 21, 2021C55.7Q5
Aug 21, 2021C/D57.0Q5
Feb 21, 2022B29.3Q5
Mar 21, 2022A/B23.0Q5
Feb 21, 2024B36.2Q5
Feb 21, 2025C56.7Q5
Mar 21, 2025C/D58.1Q5
Apr 21, 2025C56.1Q5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 20, 2026; the document on sec.gov.

Abbott Laboratories is an Illinois corporation, incorporated in 1900. Abbott’s* principal business is the discovery, development, manufacture, and sale of a broad and diversified line of healthcare products. On November 19, 2025, Abbott entered into a definitive agreement to acquire Exact Sciences Corporation (Exact Sciences), which is expected to enable Abbott to enter the cancer diagnostics market. The acquisition is subject to customary closing conditions, including the approval of Exact Sciences shareholders and obtaining the required regulatory clearances.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 41.4
Gross profitability28.8%[1-3]32.2%51.83722025-12-31
Return on invested capital11.2%[4-12]9.3%39.7742025-12-31
Accruals ratio(3.6%)[1,13-15](6.6%)68.58112025-12-31
Gross margin stability, five years0.7 pts[2-3,16-23]2.8 pts5.82432025-12-31
Solvency, sleeve percentile 54.9
Twelve-month failure probabilitynot computable0.07%
liabilities and a nearby cover-page share count are required at 2026-03-31
Altman Z double-primenot computable(0.31)
one or more required annual facts are missing
Net debt to EBITDA0.46x[4,7,9,24]1.82x31.1752025-12-31
Interest coveragenot computable(4.51x)
latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31
Current ratio1.58x[25-26]2.96x78.88392025-12-31
Growth and financing, sleeve percentile 52.4
Revenue growth, three-year compound0.5%[2,16,18,20]10.0%69.84152025-12-31
Free cash flow growth, three-year compound(1.8%)[14,27-33]10.9%75.8962025-12-31
Reinvestment rate11.9%[4-6,24-27,34-35]37.1%62.11042025-12-31
Asset growth, three years5.2%[1,15,36-37]2.1%40.37042025-12-31
Net share issuance, one year0.2%[38-39]2.5%14.16342026-01-31

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.009; sampling error 2.5 percentile points on 371 peers.

Among 371 Peers [top]

ABCDEJNJ, Johnson & Johnson; C, percentile 44.9; market equity $618.1BJNJLLY, ELI Lilly & Co.; C, percentile 55.7; market equity $1.1TLLYABBV, AbbVie Inc.; D, percentile 63.2; market equity $481.4BABBVGILD, Gilead Sciences, Inc.; D/E, percentile 78.9; market equity $182.4BGILDMRK, Merck & Co., Inc.; D/E, percentile 80.8; market equity $351.3BMRKAMGN, Amgen Inc.; E, percentile 85.1; market equity $220.3BAMGNABT 54.6strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
198Perrigo Co. plc (PRGO)

Perrigo Co. plc (PRGO)

Cmiddle fifth; percentile 53.2

NYSE · Pharmaceutical Preparations

market equity $2.0B; last close $14.50

No active warnings; 9 of 14 inputs

53.2C
199Sotera Health Co. (SHC)

Sotera Health Co. (SHC)

Cmiddle fifth; percentile 53.5

Nasdaq · Services-Misc Health & Allied Services, NEC

market equity $5.1B; last close $17.84

No active warnings; 8 of 14 inputs

53.5C
200Universal Health Services Inc. (UHS)

Universal Health Services Inc. (UHS)

Cmiddle fifth; percentile 53.8

NYSE · Services-General Medical & Surgical Hospitals, NEC

last close $175.66

No active warnings; 9 of 14 inputs

53.8C
201Roivant Sciences Ltd. (ROIV)

Roivant Sciences Ltd. (ROIV)

Cmiddle fifth; percentile 54.1

Nasdaq · Pharmaceutical Preparations

market equity $24.7B; last close $34.22

Warnings: fortress balance sheet; 7 of 14 inputs

54.1Cfortress balance sheet
202Emergent BioSolutions Inc. (EBS)

Emergent BioSolutions Inc. (EBS)

Cmiddle fifth; percentile 54.3

NYSE · Pharmaceutical Preparations

market equity $349.2M; last close $6.82

No active warnings; 10 of 14 inputs

54.3C
203Abbott Laboratories (ABT)

Abbott Laboratories (ABT)

Cmiddle fifth; percentile 54.6

NYSE · Pharmaceutical Preparations

market equity $171.6B; last close $98.49

No active warnings; 11 of 14 inputs

54.6C
204Teladoc Health, Inc. (TDOC)

Teladoc Health, Inc. (TDOC)

Cmiddle fifth; percentile 54.9

NYSE · Services-Offices & Clinics of Doctors of Medicine

market equity $1.0B; last close $5.53

Warnings: fortress balance sheet; 7 of 14 inputs

54.9Cfortress balance sheet
205Neuronetics, Inc. (STIM)

Neuronetics, Inc. (STIM)

Cmiddle fifth; percentile 55.1

Nasdaq · Surgical & Medical Instruments & Apparatus

market equity $163.1M; last close $2.15

No active warnings; 8 of 14 inputs

55.1C
206Regenxbio Inc. (RGNX)

Regenxbio Inc. (RGNX)

Cmiddle fifth; percentile 55.4

Nasdaq · Biological Products, (No Diagnostic Substances)

market equity $534.0M; last close $8.08

Warnings: short runway; 7 of 14 inputs

55.4Cshort runway
207ELI Lilly & Co. (LLY)

ELI Lilly & Co. (LLY)

Cmiddle fifth; percentile 55.7

NYSE · Pharmaceutical Preparations

market equity $1.1T; last close $1,169.61

No active warnings; 7 of 14 inputs

55.7C
208Cabaletta Bio, Inc. (CABA)

Cabaletta Bio, Inc. (CABA)

Cmiddle fifth; percentile 55.9

Nasdaq · Biological Products, (No Diagnostic Substances)

market equity $330.6M; last close $1.95

Warnings: dilution; 7 of 14 inputs

55.9Cdilution
Peer policyLetterPercentilePeers
all graded filers, equal sleevesB35.02204
sector peers, equal sleeves (the grade)C54.6371
same exchange, equal sleevesB30.5984
sector peers, equal inputsC52.2371

Each letter is one fifth of the 371 graded peers, about 74 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(15.7%)8.0%34hotter than 34 of 100 peers
Distance from 52-week high(26.6%)(31.4%)56closer to its high than 56 of 100 peers
EBIT to enterprise value4.5%(1.5%)75pricier than 25 of 100 peers
Free cash flow yield4.3%(1.0%)78pricier than 22 of 100 peers
Book value to price0.300.2851pricier than 49 of 100 peers
Sales to price0.260.3145pricier than 55 of 100 peers
Composite equity issuance, five years(12.2%)20.3%14more equity-funded than 14 of 100 peers
Relative strength against the sector, log excess return(0.38)(0.14)34ahead of 34 of 100 peers

Inputs: market equity $171.6B; EBIT $8.1B; free cash flow $7.4B; book equity $52.1B; sales $44.3B; debt $12.9B; cash $6.8B[40].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 5 of 9, period end 2025-12-31
Return on assets above zero8.0%✓ pass[13,15]
Operating cash flow above zero$9.6B✓ pass[14]
Return on assets improved(10.3 pts)✗ fail[13,15,36,41]
Operating cash flow exceeds net income$3.0B✓ pass[13-14]
Long-term leverage fell(4.6 pts)✓ pass[1,15,36,42-43]
Current ratio improved(9.5 pts)✗ fail[25-26,34-35]
No new shares issued0.2%✗ fail[38-39]
Gross margin improved1.0 pts✓ pass[2-3,16-17]
Asset turnover improved(2.9 pts)✗ fail[2,15-16,36]
Cash, filings, liquidity
Cash and equivalents$6.8B[44]
Operating cash flow, four quarters$9.5B[14,44-48]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing73
10-Q received Jul 28, 2026
Median daily dollar volume$861.4M
63 sessions
Days since newest grade input231

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$86.7B2025-12-312026-02-2010-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$44.3B2025-12-312026-02-2010-Kfiling · viewer · series
3cost of revenueus-gaap:CostOfGoodsAndServicesSold$19.3B2025-12-312026-02-2010-Kfiling · viewer · series
4operating incomeus-gaap:OperatingIncomeLoss$8.1B2025-12-312026-02-2010-Kfiling · viewer · series
5pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$8.5B2025-12-312026-02-2010-Kfiling · viewer · series
6income taxus-gaap:IncomeTaxExpenseBenefit$1.9B2025-12-312026-02-2010-Kfiling · viewer · series
7total debtus-gaap:LongTermDebt$12.9B2025-12-312026-02-2010-Kfiling · viewer · series
8book equityus-gaap:StockholdersEquity$52.1B2025-12-312026-02-2010-Kfiling · viewer · series
9cashus-gaap:CashAndCashEquivalentsAtCarryingValue$8.5B2025-12-312026-02-2010-Kfiling · viewer · series
10total debtus-gaap:LongTermDebt$14.1B2024-12-312026-02-2010-Kfiling · viewer · series
11book equityus-gaap:StockholdersEquity$47.7B2024-12-312026-02-2010-Kfiling · viewer · series
12cashus-gaap:CashAndCashEquivalentsAtCarryingValue$7.6B2024-12-312026-02-2010-Kfiling · viewer · series
13net incomeus-gaap:NetIncomeLoss$6.5B2025-12-312026-02-2010-Kfiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$9.6B2025-12-312026-02-2010-Kfiling · viewer · series
15assetsus-gaap:Assets$81.4B2024-12-312026-02-2010-Kfiling · viewer · series
16revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$42.0B2024-12-312026-02-2010-Kfiling · viewer · series
17cost of revenueus-gaap:CostOfGoodsAndServicesSold$18.7B2024-12-312026-02-2010-Kfiling · viewer · series
18revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$40.1B2023-12-312026-02-2010-Kfiling · viewer · series
19cost of revenueus-gaap:CostOfGoodsAndServicesSold$18.0B2023-12-312026-02-2010-Kfiling · viewer · series
20revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$43.7B2022-12-312025-02-2110-Kfiling · viewer · series
21cost of revenueus-gaap:CostOfGoodsAndServicesSold$19.1B2022-12-312025-02-2110-Kfiling · viewer · series
22revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$43.1B2021-12-312024-02-1610-Kfiling · viewer · series
23cost of revenueus-gaap:CostOfGoodsAndServicesSold$18.5B2021-12-312024-02-1610-Kfiling · viewer · series
24depreciation amortizationus-gaap:Depreciation$1.4B2025-12-312026-02-2010-Kfiling · viewer · series
25current assetsus-gaap:AssetsCurrent$26.0B2025-12-312026-02-2010-Kfiling · viewer · series
26current liabilitiesus-gaap:LiabilitiesCurrent$16.5B2025-12-312026-02-2010-Kfiling · viewer · series
27capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$2.2B2025-12-312026-02-2010-Kfiling · viewer · series
28operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$8.6B2024-12-312026-02-2010-Kfiling · viewer · series
29capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$2.2B2024-12-312026-02-2010-Kfiling · viewer · series
30operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$7.3B2023-12-312026-02-2010-Kfiling · viewer · series
31capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$2.2B2023-12-312026-02-2010-Kfiling · viewer · series
32operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$9.6B2022-12-312025-02-2110-Kfiling · viewer · series
33capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$1.8B2022-12-312025-02-2110-Kfiling · viewer · series
34current assetsus-gaap:AssetsCurrent$23.7B2024-12-312026-02-2010-Kfiling · viewer · series
35current liabilitiesus-gaap:LiabilitiesCurrent$14.2B2024-12-312026-02-2010-Kfiling · viewer · series
36assetsus-gaap:Assets$73.2B2023-12-312025-02-2110-Kfiling · viewer · series
37assetsus-gaap:Assets$74.4B2022-12-312024-02-1610-Kfiling · viewer · series
38shares outstandingdei:EntityCommonStockSharesOutstanding1,737,682,8872026-01-312026-02-2010-Kfiling · viewer · series
39shares outstandingdei:EntityCommonStockSharesOutstanding1,734,323,4112025-01-312025-02-2110-Kfiling · viewer · series
40shares outstandingdei:EntityCommonStockSharesOutstanding1,741,812,4292026-03-312026-04-2910-Qfiling · viewer · series
41net incomeus-gaap:NetIncomeLoss$13.4B2024-12-312026-02-2010-Kfiling · viewer · series
42long term debtus-gaap:LongTermDebtNoncurrent$9.9B2025-12-312026-02-2010-Kfiling · viewer · series
43long term debtus-gaap:LongTermDebtNoncurrent$12.6B2024-12-312026-02-2010-Kfiling · viewer · series
44cashus-gaap:CashAndCashEquivalentsAtCarryingValue$6.8B2026-03-312026-04-2910-Qfiling · viewer · series
45operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.3B2026-03-312026-04-2910-Qfiling · viewer · series
46operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$6.3B2025-09-302025-10-2910-Qfiling · viewer · series
47operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.5B2025-06-302025-07-3010-Qfiling · viewer · series
48operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.4B2025-03-312026-04-2910-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 54.6 is 5.4 points from the nearest band edge; sampling error is 2.5 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.