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ABB

ABBN.SW
76
Electrical Equipment & Parts · Industrials
Price
CHF 80.20
+0.60 (+0.75%)
Market Cap
CHF 145.47B
Exchange
SIX Swiss Exchange
Winston Score
76
Winston is happy
A high-quality business with solid fundamentals.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Exceptional
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Good
Dividends
Good

Share count falling — buybacks

9.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.02B (2021) → 1.82B (2025)

Winston Score History

The full picture

ABB is a Swiss industrial company that makes electrical equipment and automation systems used in factories, power grids, and buildings. Its main products include robots, electric motors, switchgear, and software that helps machines run more efficiently. ABB sells to manufacturers, utility companies, and construction firms across many industries, making it one of the largest electrification and automation companies in the world.

ABB earns money by selling hardware, software, and related services to industrial customers in over 100 countries. It is organized into four main divisions — Electrification, Motion, Process Automation, and Robotics — and generates roughly $32 billion in annual revenue. Its competitive edge comes from its broad product portfolio, deep engineering expertise, and long-standing customer relationships that are difficult for smaller rivals to replicate. The key growth driver is the global push to electrify industries and automate manufacturing, though a slowdown in industrial capital spending or weaker demand from China remains a meaningful risk.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+7.9% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

CHF 1.3B/ year

Flat (+4% vs prior year)

4.0% of revenue

In line with sector average (4%)

Steady R&D investment year-over-year

Insider Activity

14.6%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

CHF 5.9B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

ABB is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
40.0%
Healthy — 40.0% gross margin
Profit after running costs
Operating Margin
17.9%
Healthy — 17.9% operating margin
Return on the money invested
ROCE
26.1%
Exceptional — 26.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+10.1%
Steady sales growth (+10.1% YoY)
Profit growth
EPS YoY
+22.0%
Earnings growing fast (+22.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
117%
Turns 117% of profit into real cash
Spare cash per sale
FCF Margin
13.4%
Converts sales into free cash efficiently (13.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.51
Conservative — low debt load (0.51)
Covers its interest
Interest Cover
47.27x
Comfortably covers interest (47.3x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
29.0x
no trend
Growth-priced — P/E 29.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+4.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (29.0 → 24.2)

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Dividends

Dividend
Dividend Yield
1.14%
no trend
Small dividend — 1.14% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+10.2%
no trend
Dividend growing fast (10.2% YoY)

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