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Side-by-side financial comparison of Abbott Laboratories (ABT) and International Paper (IP). Click either name above to swap in a different company.

Abbott Laboratories is the larger business by last-quarter revenue ($11.5B vs $6.0B, roughly 1.9× International Paper). Abbott Laboratories runs the higher net margin — 15.5% vs 1.0%, a 14.5% gap on every dollar of revenue. On growth, Abbott Laboratories posted the faster year-over-year revenue change (4.4% vs -0.6%). Abbott Laboratories produced more free cash flow last quarter ($2.6B vs $94.0M). Over the past eight quarters, International Paper's revenue compounded faster (12.3% CAGR vs 7.2%).

Abbott Laboratories, commonly known as Abbott, is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois. The company produces pharmaceuticals for sale outside the United States, diagnostic products, nutritional products, and medical devices.

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

ABT vs IP — Head-to-Head

Bigger by revenue
ABT
ABT
1.9× larger
ABT
$11.5B
$6.0B
IP
Growing faster (revenue YoY)
ABT
ABT
+5.0% gap
ABT
4.4%
-0.6%
IP
Higher net margin
ABT
ABT
14.5% more per $
ABT
15.5%
1.0%
IP
More free cash flow
ABT
ABT
$2.5B more FCF
ABT
$2.6B
$94.0M
IP
Faster 2-yr revenue CAGR
IP
IP
Annualised
IP
12.3%
7.2%
ABT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ABT
ABT
IP
IP
Revenue
$11.5B
$6.0B
Net Profit
$1.8B
$60.0M
Gross Margin
57.0%
Operating Margin
19.6%
Net Margin
15.5%
1.0%
Revenue YoY
4.4%
-0.6%
Net Profit YoY
-80.8%
157.1%
EPS (diluted)
$1.01
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABT
ABT
IP
IP
Q1 26
$6.0B
Q4 25
$11.5B
$4.7B
Q3 25
$11.4B
$6.2B
Q2 25
$11.1B
$6.8B
Q1 25
$10.4B
$5.9B
Q4 24
$11.0B
$4.6B
Q3 24
$10.6B
$4.7B
Q2 24
$10.4B
$4.7B
Net Profit
ABT
ABT
IP
IP
Q1 26
$60.0M
Q4 25
$1.8B
$-2.4B
Q3 25
$1.6B
$-1.1B
Q2 25
$1.8B
$75.0M
Q1 25
$1.3B
$-105.0M
Q4 24
$9.2B
$-147.0M
Q3 24
$1.6B
$150.0M
Q2 24
$1.3B
$498.0M
Gross Margin
ABT
ABT
IP
IP
Q1 26
Q4 25
57.0%
32.2%
Q3 25
55.4%
31.1%
Q2 25
56.4%
27.9%
Q1 25
56.9%
27.8%
Q4 24
55.0%
29.0%
Q3 24
55.8%
28.7%
Q2 24
55.6%
29.0%
Operating Margin
ABT
ABT
IP
IP
Q1 26
Q4 25
19.6%
-56.4%
Q3 25
18.1%
-10.8%
Q2 25
18.4%
1.7%
Q1 25
16.3%
-2.3%
Q4 24
17.4%
-4.9%
Q3 24
17.5%
5.1%
Q2 24
16.1%
6.8%
Net Margin
ABT
ABT
IP
IP
Q1 26
1.0%
Q4 25
15.5%
-50.3%
Q3 25
14.5%
-17.7%
Q2 25
16.0%
1.1%
Q1 25
12.8%
-1.8%
Q4 24
84.1%
-3.2%
Q3 24
15.5%
3.2%
Q2 24
12.5%
10.5%
EPS (diluted)
ABT
ABT
IP
IP
Q1 26
$0.14
Q4 25
$1.01
$-4.76
Q3 25
$0.94
$-2.09
Q2 25
$1.01
$0.14
Q1 25
$0.76
$-0.24
Q4 24
$5.26
$-0.42
Q3 24
$0.94
$0.42
Q2 24
$0.74
$1.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABT
ABT
IP
IP
Cash + ST InvestmentsLiquidity on hand
$8.9B
Total DebtLower is stronger
$12.9B
$8.2B
Stockholders' EquityBook value
$52.1B
$14.8B
Total Assets
$86.7B
$36.4B
Debt / EquityLower = less leverage
0.25×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABT
ABT
IP
IP
Q1 26
Q4 25
$8.9B
$1.1B
Q3 25
$7.7B
$995.0M
Q2 25
$7.3B
$1.1B
Q1 25
$6.8B
$1.2B
Q4 24
$8.0B
$1.2B
Q3 24
$7.8B
$1.2B
Q2 24
$7.2B
$1.0B
Total Debt
ABT
ABT
IP
IP
Q1 26
$8.2B
Q4 25
$12.9B
$8.8B
Q3 25
$9.0B
Q2 25
$9.7B
Q1 25
$9.2B
Q4 24
$14.1B
$5.4B
Q3 24
$5.3B
Q2 24
$5.3B
Stockholders' Equity
ABT
ABT
IP
IP
Q1 26
$14.8B
Q4 25
$52.1B
$14.8B
Q3 25
$51.0B
$17.3B
Q2 25
$50.6B
$18.6B
Q1 25
$48.8B
$18.1B
Q4 24
$47.7B
$8.2B
Q3 24
$39.8B
$8.6B
Q2 24
$39.3B
$8.6B
Total Assets
ABT
ABT
IP
IP
Q1 26
$36.4B
Q4 25
$86.7B
$38.0B
Q3 25
$84.2B
$40.6B
Q2 25
$84.0B
$42.4B
Q1 25
$81.4B
$41.2B
Q4 24
$81.4B
$22.8B
Q3 24
$74.4B
$23.2B
Q2 24
$73.0B
$23.1B
Debt / Equity
ABT
ABT
IP
IP
Q1 26
0.55×
Q4 25
0.25×
0.60×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.51×
Q4 24
0.30×
0.66×
Q3 24
0.62×
Q2 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABT
ABT
IP
IP
Operating Cash FlowLast quarter
$3.3B
Free Cash FlowOCF − Capex
$2.6B
$94.0M
FCF MarginFCF / Revenue
22.9%
1.6%
Capex IntensityCapex / Revenue
6.0%
8.7%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$7.4B
$553.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABT
ABT
IP
IP
Q1 26
Q4 25
$3.3B
$905.0M
Q3 25
$2.8B
$605.0M
Q2 25
$2.0B
$476.0M
Q1 25
$1.4B
$-288.0M
Q4 24
$2.9B
$397.0M
Q3 24
$2.7B
$521.0M
Q2 24
$2.0B
$365.0M
Free Cash Flow
ABT
ABT
IP
IP
Q1 26
$94.0M
Q4 25
$2.6B
$255.0M
Q3 25
$2.3B
$150.0M
Q2 25
$1.5B
$54.0M
Q1 25
$933.0M
$-618.0M
Q4 24
$2.1B
$137.0M
Q3 24
$2.1B
$309.0M
Q2 24
$1.4B
$167.0M
FCF Margin
ABT
ABT
IP
IP
Q1 26
1.6%
Q4 25
22.9%
5.4%
Q3 25
20.2%
2.4%
Q2 25
13.9%
0.8%
Q1 25
9.0%
-10.5%
Q4 24
19.6%
3.0%
Q3 24
20.2%
6.6%
Q2 24
13.8%
3.5%
Capex Intensity
ABT
ABT
IP
IP
Q1 26
8.7%
Q4 25
6.0%
13.7%
Q3 25
4.4%
7.3%
Q2 25
4.5%
6.2%
Q1 25
4.7%
5.6%
Q4 24
6.6%
5.7%
Q3 24
5.2%
4.5%
Q2 24
5.1%
4.2%
Cash Conversion
ABT
ABT
IP
IP
Q1 26
Q4 25
1.87×
Q3 25
1.70×
Q2 25
1.15×
6.35×
Q1 25
1.07×
Q4 24
0.31×
Q3 24
1.64×
3.47×
Q2 24
1.51×
0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABT
ABT

Segment breakdown not available.

IP
IP

Packaging Solutions North America$3.6B61%
Packaging Solutions EMEA$2.3B39%
Corporate and Inter-segment Sales$22.0M0%

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