ABB

Electrical Equipment & Parts · Industrials

Also trades as: ABB.ST · ABBNY · 0NX2.L

Price

$37.13

+0.00 (+0.00%)

Market Cap

$69.02B

Exchange

New York Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2023

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Mixed

Stability

Strong

Valuation

Mixed

Dividends

Mixed

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Share count falling — buybacks

−10.7% over 4y

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

Diluted shares outstanding: 2.14B (2018) → 1.91B (2022)

Winston Score History

The full picture

ABB is a Swiss industrial company that makes equipment used to move and control electricity and machines. Its main products include electric motors, robots, power grids, and automation systems. Its customers are factories, utilities, data centers, and construction companies across many industries worldwide.

ABB earns money by selling hardware, software, and services to industrial customers. It operates in over 100 countries, with strong revenue coming from Europe, North America, and Asia, and generates roughly $32 billion in annual sales. ABB's competitive edge comes from its deep engineering expertise and the high cost for customers to switch away from its installed equipment. The biggest growth driver is rising demand for electrification and factory automation, as manufacturers invest in energy efficiency and robots to replace manual labor — though a slowdown in global industrial spending remains the key risk to watch.

Growth Profile

For growth stock investors

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

Revenue Growth

+12.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+150.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$1.2B/ 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

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$4.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Growth + cash flow

ABB is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

35.4%

Modest — 35.4% gross margin

Profit after running costs

Operating Margin

15.9%

Healthy — 15.9% operating margin

Return on the money invested

ROCE

20.0%

Strong — 20.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+8.5%

Steady sales growth (+8.5% YoY)

Profit growth

EPS YoY

-14.2%

Earnings shrinking (-14.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

72%

Modest — 72% of profit becomes cash

Spare cash per sale

FCF Margin

5.6%

Thin free cash flow (5.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.72

Moderate — manageable debt (0.72)

Covers its interest

Interest Cover

22.86x

Comfortably covers interest (22.9x)

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

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Valuation

Price vs profit

P/E Ratio (TTM)

19.9x

Fair value — P/E 19.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

1.14%

Small dividend — 1.14% yield

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

Dividend record

Dividend Growth

+9.7%

Dividend growing modestly (9.7% YoY)

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