Top Companies by Operating Income in Healthcare
Largest public companies ranked by operating income in Healthcare on a trailing twelve months basis. Compare top issuers, sector peers and historical context…
How TTM operating income is measured
Trailing twelve months (TTM) operating income — also called operating profit or EBIT — is revenue minus cost of goods sold and minus operating expenses (SG&A, R&D, depreciation), summed across the most recent four fiscal quarters. It measures what the core business earns before interest and taxes, before any financing decisions distort the result.
Operating income sits between gross profit (which strips only direct costs) and net income (which subtracts interest and taxes too). Compared to EBITDA, it includes depreciation and amortization, so capex-heavy and asset-light businesses are not treated equally. Figures are sourced from the latest filed income statements and ranked in USD after period-average FX translation (IAS 21). Rankings USD translation methodology · IFRS IAS 21 (official)
Calculated from each company's four most recent reported quarters, as of .
Sector scopeHealthcareChange sectorChange sector
Top companies by Operating Income — Healthcare
- Eli Lilly
LLY
- Sector
- Healthcare
- Operating Income
- $29.70B
- As of
- Merck & Co.
MRK
- Sector
- Healthcare
- Operating Income
- $26.78B
- As of
- Sector
- Healthcare
- Operating Income
- $25.48B
- As of
- Novo Nordisk
NVO
- Sector
- Healthcare
- Operating Income
- $19.21B
- As of
- Sector
- Healthcare
- Operating Income
- $18.84B
- As of
- AbbVie
ABBV
- Sector
- Healthcare
- Operating Income
- $16.34B
- As of
- Pfizer
PFE
- Sector
- Healthcare
- Operating Income
- $15.44B
- As of
- AstraZeneca
AZN
- Sector
- Healthcare
- Operating Income
- $13.74B
- As of
- Sector
- Healthcare
- Operating Income
- $12.70B
- As of
- Sector
- Healthcare
- Operating Income
- $11.97B
- As of
- Gilead Sciences
GILD
- Sector
- Healthcare
- Operating Income
- $11.00B
- As of
- Amgen
AMGN
- Sector
- Healthcare
- Operating Income
- $10.29B
- As of
- Cigna
CI
- Sector
- Healthcare
- Operating Income
- $9.13B
- As of
- Sector
- Healthcare
- Operating Income
- $8.20B
- As of
- Sector
- Healthcare
- Operating Income
- $8.03B
- As of
- Sector
- Healthcare
- Operating Income
- $7.63B
- As of
- Medtronic
MDT
- Sector
- Healthcare
- Operating Income
- $6.34B
- As of
- Stryker
SYK
- Sector
- Healthcare
- Operating Income
- $5.64B
- As of
- Danaher
DHR
- Sector
- Healthcare
- Operating Income
- $5.19B
- As of
- McKesson
MCK
- Sector
- Healthcare
- Operating Income
- $5.16B
- As of
- CVS Health
CVS
- Sector
- Healthcare
- Operating Income
- $4.66B
- As of
- Sector
- Healthcare
- Operating Income
- $4.27B
- As of
- Sector
- Healthcare
- Operating Income
- $4.15B
- As of
- Cencora
COR
- Sector
- Healthcare
- Operating Income
- $3.87B
- As of
- Zoetis
ZTS
- Sector
- Healthcare
- Operating Income
- $3.60B
- As of
- Sector
- Healthcare
- Operating Income
- $3.58B
- As of
- Sector
- Healthcare
- Operating Income
- $3.22B
- As of
- Sector
- Healthcare
- Operating Income
- $2.72B
- As of
- GE HealthCare
GEHC
- Sector
- Healthcare
- Operating Income
- $2.60B
- As of
- Sector
- Healthcare
- Operating Income
- $2.53B
- As of
- IQVIA
IQV
- Sector
- Healthcare
- Operating Income
- $2.29B
- As of
- Solventum
SOLV
- Sector
- Healthcare
- Operating Income
- $2.18B
- As of
- DaVita
DVA
- Sector
- Healthcare
- Operating Income
- $2.03B
- As of
- Sector
- Healthcare
- Operating Income
- $1.99B
- As of
- Biogen
BIIB
- Sector
- Healthcare
- Operating Income
- $1.88B
- As of
- ResMed
RMD
- Sector
- Healthcare
- Operating Income
- $1.82B
- As of
- Sector
- Healthcare
- Operating Income
- $1.74B
- As of
- Sector
- Healthcare
- Operating Income
- $1.61B
- As of
- Sector
- Healthcare
- Operating Income
- $1.50B
- As of
- Sector
- Healthcare
- Operating Income
- $1.46B
- As of
- Humana
HUM
- Sector
- Healthcare
- Operating Income
- $1.45B
- As of
- Incyte
INCY
- Sector
- Healthcare
- Operating Income
- $1.44B
- As of
- Sector
- Healthcare
- Operating Income
- $1.36B
- As of
- Sector
- Healthcare
- Operating Income
- $1.23B
- As of
- Sector
- Healthcare
- Operating Income
- $1.12B
- As of
- STERIS
STE
- Sector
- Healthcare
- Operating Income
- $1.00B
- As of
- DexCom
DXCM
- Sector
- Healthcare
- Operating Income
- $911.80M
- As of
- Illumina
ILMN
- Sector
- Healthcare
- Operating Income
- $865.00M
- As of
- Sector
- Healthcare
- Operating Income
- $842.65M
- As of
- Henry Schein
HSIC
- Sector
- Healthcare
- Operating Income
- $769.00M
- As of
- Sector
- Healthcare
- Operating Income
- $713.70M
- As of
- Sector
- Healthcare
- Operating Income
- $665.60M
- As of
- Align Technology
ALGN
- Sector
- Healthcare
- Operating Income
- $550.02M
- As of
- Sector
- Healthcare
- Operating Income
- $524.00M
- As of
- AptarGroup
ATR
- Sector
- Healthcare
- Operating Income
- $510.88M
- As of
- Sector
- Healthcare
- Operating Income
- $501.58M
- As of
- Insulet
PODD
- Sector
- Healthcare
- Operating Income
- $473.90M
- As of
- Sector
- Healthcare
- Operating Income
- $428.82M
- As of
- Revvity
RVTY
- Sector
- Healthcare
- Operating Income
- $372.38M
- As of
- Bio-Techne
TECH
- Sector
- Healthcare
- Operating Income
- $116.97M
- As of
- Sector
- Healthcare
- Operating Income
- -$308.00M
- As of
- Insmed
INSM
- Sector
- Healthcare
- Operating Income
- -$1.18B
- As of
- Viatris
VTRS
- Sector
- Healthcare
- Operating Income
- -$2.66B
- As of
- Moderna
MRNA
- Sector
- Healthcare
- Operating Income
- -$3.07B
- As of
- Centene
CNC
- Sector
- Healthcare
- Operating Income
- -$7.29B
- As of
| # | Company | Sector | Operating Income | As of |
|---|---|---|---|---|
| 1 | Eli Lilly (LLY) | Healthcare | $29.70B | |
| 2 | Merck & Co. (MRK) | Healthcare | $26.78B | |
| 3 | Johnson & Johnson (JNJ) | Healthcare | $25.48B | |
| 4 | Novo Nordisk (NVO) | Healthcare | $19.21B | |
| 5 | UnitedHealth Group (UNH) | Healthcare | $18.84B | |
| 6 | AbbVie (ABBV) | Healthcare | $16.34B | |
| 7 | Pfizer (PFE) | Healthcare | $15.44B | |
| 8 | AstraZeneca (AZN) | Healthcare | $13.74B | |
| 9 | Bristol-Myers Squibb (BMY) | Healthcare | $12.70B | |
| 10 | HCA Healthcare (HCA) | Healthcare | $11.97B | |
| 11 | Gilead Sciences (GILD) | Healthcare | $11.00B | |
| 12 | Amgen (AMGN) | Healthcare | $10.29B | |
| 13 | Cigna (CI) | Healthcare | $9.13B | |
| 14 | Abbott Laboratories (ABT) | Healthcare | $8.20B | |
| 15 | Thermo Fisher Scientific (TMO) | Healthcare | $8.03B | |
| 16 | Elevance Health (ELV) | Healthcare | $7.63B | |
| 17 | Medtronic (MDT) | Healthcare | $6.34B | |
| 18 | Stryker (SYK) | Healthcare | $5.64B | |
| 19 | Danaher (DHR) | Healthcare | $5.19B | |
| 20 | McKesson (MCK) | Healthcare | $5.16B | |
| 21 | CVS Health (CVS) | Healthcare | $4.66B | |
| 22 | Vertex Pharmaceuticals (VRTX) | Healthcare | $4.27B | |
| 23 | Boston Scientific (BSX) | Healthcare | $4.15B | |
| 24 | Cencora (COR) | Healthcare | $3.87B | |
| 25 | Zoetis (ZTS) | Healthcare | $3.60B | |
| 26 | Regeneron Pharmaceuticals (REGN) | Healthcare | $3.58B | |
| 27 | Intuitive Surgical (ISRG) | Healthcare | $3.22B | |
| 28 | Becton, Dickinson and (BDX) | Healthcare | $2.72B | |
| 29 | GE HealthCare (GEHC) | Healthcare | $2.60B | |
| 30 | Cardinal Health (CAH) | Healthcare | $2.53B | |
| 31 | IQVIA (IQV) | Healthcare | $2.29B | |
| 32 | Solventum (SOLV) | Healthcare | $2.18B | |
| 33 | DaVita (DVA) | Healthcare | $2.03B | |
| 34 | Universal Health Services (UHS) | Healthcare | $1.99B | |
| 35 | Biogen (BIIB) | Healthcare | $1.88B | |
| 36 | ResMed (RMD) | Healthcare | $1.82B | |
| 37 | Edwards Lifesciences (EW) | Healthcare | $1.74B | |
| 38 | Quest Diagnostics (DGX) | Healthcare | $1.61B | |
| 39 | Labcorp Holdings (LH) | Healthcare | $1.50B | |
| 40 | Agilent Technologies (A) | Healthcare | $1.46B | |
| 41 | Humana (HUM) | Healthcare | $1.45B | |
| 42 | Incyte (INCY) | Healthcare | $1.44B | |
| 43 | IDEXX Laboratories (IDXX) | Healthcare | $1.36B | |
| 44 | Zimmer Biomet Holdings (ZBH) | Healthcare | $1.23B | |
| 45 | Mettler Toledo (MTD) | Healthcare | $1.12B | |
| 46 | STERIS (STE) | Healthcare | $1.00B | |
| 47 | DexCom (DXCM) | Healthcare | $911.80M | |
| 48 | Illumina (ILMN) | Healthcare | $865.00M | |
| 49 | Waters Corporation (WAT) | Healthcare | $842.65M | |
| 50 | Henry Schein (HSIC) | Healthcare | $769.00M | |
| 51 | Cooper Companies (COO) | Healthcare | $713.70M | |
| 52 | West Pharmaceutical Services (WST) | Healthcare | $665.60M | |
| 53 | Align Technology (ALGN) | Healthcare | $550.02M | |
| 54 | Molina Healthcare (MOH) | Healthcare | $524.00M | |
| 55 | AptarGroup (ATR) | Healthcare | $510.88M | |
| 56 | Alnylam Pharmaceuticals (ALNY) | Healthcare | $501.58M | |
| 57 | Insulet (PODD) | Healthcare | $473.90M | |
| 58 | Charles River (CRL) | Healthcare | $428.82M | |
| 59 | Revvity (RVTY) | Healthcare | $372.38M | |
| 60 | Bio-Techne (TECH) | Healthcare | $116.97M | |
| 61 | Baxter International (BAX) | Healthcare | -$308.00M | |
| 62 | Insmed (INSM) | Healthcare | -$1.18B | |
| 63 | Viatris (VTRS) | Healthcare | -$2.66B | |
| 64 | Moderna (MRNA) | Healthcare | -$3.07B | |
| 65 | Centene (CNC) | Healthcare | -$7.29B |