SECTOR SYSTEM / 12 COVERED ISSUERS

Healthcare

Drug developers, device manufacturers and care providers depend on distinct clinical, reimbursement and operating economics.

Key questions

Product concentration, research investment, utilization, reimbursement and cash generation.

Risks & uncertainties

Patent expiry, trial outcomes, reimbursement changes, litigation and acquisition integration.

Valuation context

Sector medians are descriptive, not fair-value estimates. Dated company ratios use annual denominators and differ in fiscal year end. Historical-multiple series are unavailable. Sources and exclusions are visible on company profiles.

Company coverage / 12

Earnings themes & sector evidence

Research archive

HR-0005ABBVCompany Research

ABBV: reading the FY2025 financial structure ↗

AbbVie Inc.

Research abstract

Annual revenue of USD 61.160 billion and net income of USD 4.226 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26
HR-0007ABTCompany Research

ABT: reading the FY2025 financial structure ↗

ABBOTT LABORATORIES

Research abstract

Annual revenue of USD 44.328 billion and net income of USD 6.524 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26
HR-0011AMGNCompany Research

AMGN: reading the FY2025 financial structure ↗

AMGEN INC

Research abstract

Annual revenue of USD 36.751 billion and net income of USD 7.711 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26
HR-0020AZNCompany Research

AZN: reading the FY2025 financial structure ↗

ASTRAZENECA PLC

Research abstract

Annual revenue of USD 58.739 billion and net income of USD 10.233 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26
HR-0067GILDCompany Research

GILD: reading the FY2025 financial structure ↗

GILEAD SCIENCES, INC.

Research abstract

Annual revenue of USD 29.443 billion and net income of USD 8.510 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Filing notes & sources

LLYELI LILLY & Co10-K2026-02-12SEC SOURCE ↗
JNJJOHNSON & JOHNSON10-K2026-02-11SEC SOURCE ↗
ABBVAbbVie Inc.10-K2026-02-20SEC SOURCE ↗
MRKMerck & Co., Inc.10-K2026-02-24SEC SOURCE ↗
NVSNOVARTIS AG20-F2026-02-04SEC SOURCE ↗
AZNASTRAZENECA PLC20-F2026-02-24SEC SOURCE ↗
AMGNAMGEN INC10-K2026-02-13SEC SOURCE ↗
GILDGILEAD SCIENCES, INC.10-K2026-02-24SEC SOURCE ↗