Abbott Laboratories Stock vs Competition: Who Wins?

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ABT: Abbott Laboratories logo
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Abbott Laboratories

Abbott Laboratories’ stock has mostly underperformed peers over the past year (12M return of -0.11). However, a deeper look as of 1/26/2026 reveals a relatively attractive valuation with a significantly lower PE ratio (13.56) versus its group. While its LTM revenue growth (0.0637) is solid compared to many competitors, profitability, with LTM operating margin (0.1759) and FCF margin (0.1578), generally lags top performers like JNJ. Still, its consistent cash generation offers a stable foundation.

  • ABT’s 17.6% operating margin, lowest among peers, suggests its diversified medtech/diagnostics mix contrasts JNJ’s higher 26.2% due to pharma strength.
  • ABT’s 6.4% revenue growth, exceeding peers like JNJ, MDT, TMO, DHR, reflects medtech strength, yet trails BSX’s new product-driven market gains.
  • ABT’s stock is down 11.4%, underperforming peers due to Q4 2024 revenue miss and diagnostics softness; its 13.6 PE signals valuation concerns.

Here’s how Abbott Laboratories stacks up across size, valuation, and profitability versus key peers.

  ABT JNJ MDT TMO DHR BSX
Market Cap ($ Bil) 189.5 533.4 129.1 236.9 168.2 138.6
Revenue ($ Bil) 43.8 92.1 34.8 43.7 24.3 19.4
PE Ratio 13.6 21.2 27.1 36.1 48.0 49.6
LTM Revenue Growth 6.4% 5.1% 5.3% 3.2% 2.2% 21.6%
LTM Operating Margin 17.6% 26.2% 19.3% 18.4% 19.0% 19.2%
LTM FCF Margin 15.8% 20.3% 15.0% 14.0% 20.7% 18.7%
12M Market Return -11.4% 55.5% 15.1% 9.4% -3.1% -8.2%

For more details on Abbott Laboratories, read Buy or Sell ABT Stock. Below we compare ABT’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
ABT 6.4% 4.6% -8.1% 1.3%
JNJ 5.1% 4.3% 6.5% 1.6%
MDT 5.3% 3.6% 3.6% -1.4%  
TMO 3.2% 0.1% -4.6% 14.5%
DHR 2.2% -0.1% -10.3% 7.4%
BSX 21.6% 17.6% 12.3% 6.7%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
ABT 17.6% 16.3% 16.2% 19.2%
JNJ 26.2% 24.9% 27.5% 26.3%
MDT 19.3% 19.5% 17.1% 18.7%  
TMO 18.4% 18.0% 17.1% 18.9%
DHR 19.0% 20.4% 21.8% 28.3%
BSX 19.2% 17.9% 17.0% 16.0%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
ABT 13.6 16.3 34.4 27.8
JNJ 21.2 35.4 10.4 22.9
MDT 27.1 26.5 28.9 29.2  
TMO 36.1 34.9 33.5 29.9
DHR 48.0 42.9 35.5 23.3
BSX 49.6 75.7 81.5 118.5

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