Leadership

IW U.S. 500: Top Pharmaceutical Manufacturers (slideshow)

Dec. 6, 2022

The largest producers of pharmaceuticals from the IW U.S. 500 list of largest publicly traded manufacturing companies in the country.

Adrienne Selko

Due to COVID-19, pharmaceutical companies saw dramatic increases in revenue growth. The range of revenue growth was quite wide, based on statistics from the IW U.S. 500 list of the largest manufacturing companies in the United States.

While Pfizer, Inc. saw a 95% growth rate, Biogen saw a decrease of 18.3%

Pharmaceutical companies weren’t the fast-growing businesses in the economy last year. For more details on which businesses grew the fastest, read the story from IndustryWeek’s summer issue.

Rank	Primary Industry	Name	2021 Revenue (in millions)	2021 Profit Margin	2021 Net Income (in millions)	2021 Revenue Growth
11	Pharmaceuticals	Johnson & Johnson	$93,775	22.26%	$20,878	13.6%
13	Pharmaceuticals	Pfizer Inc.	$81,288	27.04%	$21,979	95.2%
24	Pharmaceuticals	AbbVie Inc.	$56,197	20.54%	$11,542	22.7%
29	Pharmaceuticals	Merck & Co. Inc.	$48,704	26.79%	$13,049	17.3%
32	Pharmaceuticals	Bristol-Myers Squibb Co.	$46,385	15.08%	$6,994	9.1%
36	Pharmaceuticals	Abbott Laboratories	$43,075	16.42%	$7,071	24.5%
50	Pharmaceuticals	Eli Lilly and Co.	$28,318	19.71%	$5,582	15.4%
53	Pharmaceuticals	Gilead Sciences Inc.	$27,305	22.71%	$6,201	10.6%
83	Pharmaceuticals	Viatris inc.	$17,814	-7.12%	-$1,269	50.7%
95	Pharmaceuticals	Regeneron Pharmaceuticals Inc.	$16,072	50.25%	$8,075	89.1%
130	Pharmaceuticals	Biogen Inc.	$10,982	14.17%	$1,556	-18.3%
164	Pharmaceuticals	Zoetis Inc.	$7,776	26.20%	$2,037	16.5%
167	Pharmaceuticals	Vertex Pharmaceuticals Inc.	$7,574	30.92%	$2,342	22.1%
229	Pharmaceuticals	Edwards Lifesciences Corp.	$5,233	28.73%	$1,503	19.3%
249	Pharmaceuticals	Elanco Animal Health Inc.	$4,765	-9.91%	-$472	45.6%
272	Pharmaceuticals	Catalent Inc.	$3,998	14.63%	$585	29.2%
415	Pharmaceuticals	BioMarin Pharmaceutical Inc.	$1,846	-3.47%	-$64	-0.8%
423	Pharmaceuticals	Emergent BioSolutions Inc.	$1,793	12.88%	$231	15.3%
439	Pharmaceuticals	Quidel Corp.	$1,699	41.46%	$704	2.2%
440	Pharmaceuticals	United Therapeutics Corp.	$1,686	28.23%	$476	13.6%

Data provided by Seeking Alpha and S&P Global.

About the Author

Adrienne Selko | Senior Editor

Focus: Workforce, Talent

Follow Me on Twitter: @ASelkoIW

Bio: Adrienne Selko has written about many topics over the 17 years she has been with the publication and currently focuses on workforce development strategies. Previously Adrienne was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck? which made the Cleveland Plain Dealer's best sellers list. She is also a senior editor at Material Handling & Logistics and EHS Today.

Editorial mission statement: Manufacturing is the enviable position of creating products, processes and policies that solve the world’s problems. When the industry stepped up to manufacture what was necessary to combat the pandemic, it revealed its true nature. My goal is to showcase the sector’s ability to address a broad range of workforce issues including technology, training, diversity & inclusion, with a goal of enticing future generations to join this amazing sector.

Why I find manufacturing interesting: On my first day working for a company that made medical equipment such as MRIs, I toured the plant floor. On every wall was a photo of a person, mostly children. I asked my supervisor why this was the case and he said that the work we do at this company has saved these people’s lives. “We never forget how important our work is and everyone’s contribution to that.” From that moment on I was hooked on manufacturing.

I have talked with many people in this field who have transformed their own career development to assist others. For example, companies are hiring those with disabilities, those previously incarcerated and other talent pools that have been underutilized. I have talked with leaders who have brought out the best in their workforce, as well as employees doing their best work while doing good for the world.