AbbVie — Moat
MOAT ASSESSMENT
TICKER: [US.ABBV - AbbVie]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[+] ROIC Quality: Median 24.0%
↳ Median > 15% = high returns
[~] ROIC Stability: CoV 42.5%
↳ CoV < 10% = highly stable
[+] Gross Margin Stability: 6.5%
↳ CoV < 10% = stable pricing power
[+] Economic Moat (ROIC-WACC): 14.0%
↳ > 5% = creating economic value
Metric Gross Margin ROIC
-------------------------------
Mean 73.1% 27.0%
Median 74.2% 24.0%
Max 80.3% 50.1%
Min 62.4% 15.5%
StdDev 4.8% 11.5%
CoV 6.5% 42.5%
Slope -0.59%/yr -1.72%/yr
R² 35% 39%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL 15.64B 11.35B 72.5% - -
2011 ANNUAL 17.44B 12.80B 73.4% - -
2012 ANNUAL 18.38B 13.87B 75.5% 41.7% 31.7%
2013 ANNUAL 18.79B 14.21B 75.6% 44.4% 34.4%
2014 ANNUAL 19.96B 15.53B 77.8% 30.9% 20.9%
2015 ANNUAL 22.86B 18.36B 80.3% 33.7% 23.7%
2016 ANNUAL 25.64B 19.81B 77.3% 24.5% 14.5%
2017 ANNUAL 28.22B 21.17B 75.0% 23.6% 13.6%
2018 ANNUAL 32.75B 25.04B 76.4% 19.0% 9.0%
2019 ANNUAL 33.27B 25.83B 77.6% 50.1% 40.1%
2020 ANNUAL 45.80B 30.42B 66.4% 16.5% 6.5%
2021 ANNUAL 56.20B 38.75B 69.0% 16.4% 6.4%
2022 ANNUAL 58.05B 40.64B 70.0% 19.4% 9.4%
2023 ANNUAL 54.32B 33.90B 62.4% 16.7% 6.7%
2024 ANNUAL 56.33B 39.43B 70.0% 15.5% 5.5%
2025 ANNUAL 61.16B 42.96B 70.2% 25.7% 15.7%audit moat
MOAT ASSESSMENT
TICKER: [US.ABBV - AbbVie]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value----------------WACC 10%Tax Rate 21.0%
[+] ROIC Quality: Median 24.0%
↳ Median > 15% = high returns[~] ROIC Stability: CoV 42.5%
↳ CoV < 10% = highly stable[+] Gross Margin Stability: 6.5%
↳ CoV < 10% = stable pricing power[+] Economic Moat (ROIC-WACC): 14.0%
↳ > 5% = creating economic value
Metric Gross Margin ROIC-------------------------------Mean 73.1% 27.0%Median 74.2% 24.0%Max 80.3% 50.1%Min 62.4% 15.5%StdDev 4.8% 11.5%CoV 6.5% 42.5%Slope -0.59%/yr -1.72%/yrR² 35% 39%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC-----------------------------------------------------------2010 ANNUAL 15.64B 11.35B 72.5% - -2011 ANNUAL 17.44B 12.80B 73.4% - -2012 ANNUAL 18.38B 13.87B 75.5% 41.7% 31.7%2013 ANNUAL 18.79B 14.21B 75.6% 44.4% 34.4%2014 ANNUAL 19.96B 15.53B 77.8% 30.9% 20.9%2015 ANNUAL 22.86B 18.36B 80.3% 33.7% 23.7%2016 ANNUAL 25.64B 19.81B 77.3% 24.5% 14.5%2017 ANNUAL 28.22B 21.17B 75.0% 23.6% 13.6%2018 ANNUAL 32.75B 25.04B 76.4% 19.0% 9.0%2019 ANNUAL 33.27B 25.83B 77.6% 50.1% 40.1%2020 ANNUAL 45.80B 30.42B 66.4% 16.5% 6.5%2021 ANNUAL 56.20B 38.75B 69.0% 16.4% 6.4%2022 ANNUAL 58.05B 40.64B 70.0% 19.4% 9.4%2023 ANNUAL 54.32B 33.90B 62.4% 16.7% 6.7%2024 ANNUAL 56.33B 39.43B 70.0% 15.5% 5.5%2025 ANNUAL 61.16B 42.96B 70.2% 25.7% 15.7%