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Swiss-Swedish industrial group making electrification and automation equipment, from power grids and motors to robotics.
Swiss-Swedish industrial group making electrification and automation equipment, from power grids and motors to robotics.
Earns from equipment sold through distributors and installers and from longer projects, followed by service on installed motors and drives. It sold its power-grid business to Hitachi between 2018 and 2022 and agreed in 2025 to sell its robotics division to SoftBank, narrowing itself to electrification and automation.
In one line: A Swiss/Swedish Eaton/Rockwell Automation hybrid.
Moat: narrow (installed base, IP / patents, switching costs). Large installed base of grid/motor equipment drives recurring service and upgrade revenue.
Headquarters: Zurich, Switzerland · Founded: 1988 · Employees: 111,900
Size ABB (ABBN.SW) is a Switzerland Industrials company (Electrical Products) with a market value of $147B, the 5th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 66.98 on 6 Nov 2026.
Performance Over six months the shares fell 17.5%, against -25.5% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 6th highest of 12 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +12.1%); the operating margin is 18.0% (peer median 10.2%).
Valuation It trades at 24.5× forward earnings against a peer median of 22.2× (5th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 20.6 points above its cost of capital (5.2% WACC).
Credit ABB has 7 bonds outstanding ($4.53B), rated A by the agencies and trading like AAA at a weighted spread of 63 bp.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 29.5B | CHF 27.5B | CHF 27.1B | CHF 28.8B | CHF 28.2B |
| Revenue growth | — | +1% | -6% | +2% | — |
| Gross profit | CHF 11.8B | CHF 11.1B | CHF 10.7B | CHF 10.1B | CHF 9.39B |
| EBITDA | CHF 6.00B | CHF 5.25B | CHF 5.02B | CHF 4.69B | CHF 4.27B |
| Net income | CHF 3.99B | CHF 3.93B | CHF 3.47B | CHF 3.37B | CHF 2.36B |
| Free cash flow | CHF 3.98B | CHF 3.71B | CHF 3.41B | CHF 3.16B | CHF 501M |
| Capital expenditure | CHF 818M | CHF 831M | CHF 704M | CHF 692M | CHF 728M |
| Total debt | CHF 7.07B | CHF 7.20B | CHF 6.99B | CHF 7.36B | CHF 7.91B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Rockwell Automation ROK | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ABBN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.0% | -13.7% | 6th lowest of 12 |
| 6-month return | -17.5% | -25.5% | 6th highest of 12 |
| Distance from 52-week high | -24.9% | -32.7% | 4th highest of 12 |
| Revenue growth (TTM) | +0.8% | +12.1% | 3rd lowest of 12 |
| Operating margin | 18.0% | 10.2% | 4th highest of 12 |
| Forward P/E | 24.5× | 22.2× | 5th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 4.3% | 18.0% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +2.3% | +9.0% | lowest of 10 |
| Hurdle (Req g minus delivered) | +2.0 pp | +8.2 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | +20.6 pp | +3.2 pp | 2nd highest of 11 |
| EV / EBITDA | 20.4× | 18.5× | 5th cheapest of 9 |
| Net debt / EBITDA | 0.3× | 0.4× | 5th least indebted of 9 |
| Bond spread | 63 bp | 74 bp | 3rd tightest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ABB ABBN.SW | Switzerland | $147B | -17% | +1% | 18% | 24.5× | 4.3% | +2.3% |
| Schneider Electric SU.PA | France | $151B | -16% | +7% | 18% | 22.2× | 18.0% | +9.8% |
| Eaton ETN | United States | $133B | -15% | +20% | 19% | 21.4× | 19.1% | +9.0% |
| Contemporary Amperex Technology 300750.SZ | China | $179B | -42% | +51% | 14% | 13.0× | 1.6% | +53.1% |
| Siemens Energy ENR.DE | Germany | $111B | -33% | +9% | 9% | 26.4× | 17.3% | +7.3% |
| GE Vernova GEV | United States | $205B | -26% | +17% | 7% | 32.2× | 24.9% | +16.8% |
| BYD 002594.SZ | China | $96.6B | -17% | -4% | 4% | 21.2× | n/a | n/a |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% | +6.1% |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% | +7.1% |
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | n/a | n/a | n/a |
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% | +10.3% |
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% | +5.7% |
ABB has 7 bonds outstanding with $4.53B face value. The agencies rate it A; its bonds trade like AAA. Weighted yield 3.72%, a spread of 63 bp over government bonds.