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.

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.

RankPrimary IndustryName2021 Revenue (in millions)2021 Profit Margin2021 Net Income (in millions)2021 Revenue Growth
11PharmaceuticalsJohnson & Johnson$93,77522.26%$20,87813.6%
13PharmaceuticalsPfizer Inc.$81,28827.04%$21,97995.2%
24PharmaceuticalsAbbVie Inc.$56,19720.54%$11,54222.7%
29PharmaceuticalsMerck & Co. Inc.$48,70426.79%$13,04917.3%
32PharmaceuticalsBristol-Myers Squibb Co.$46,38515.08%$6,9949.1%
36PharmaceuticalsAbbott Laboratories$43,07516.42%$7,07124.5%
50PharmaceuticalsEli Lilly and Co.$28,31819.71%$5,58215.4%
53PharmaceuticalsGilead Sciences Inc.$27,30522.71%$6,20110.6%
83PharmaceuticalsViatris inc.$17,814-7.12%-$1,26950.7%
95PharmaceuticalsRegeneron Pharmaceuticals Inc.$16,07250.25%$8,07589.1%
130PharmaceuticalsBiogen Inc.$10,98214.17%$1,556-18.3%
164PharmaceuticalsZoetis Inc.$7,77626.20%$2,03716.5%
167PharmaceuticalsVertex Pharmaceuticals Inc.$7,57430.92%$2,34222.1%
229PharmaceuticalsEdwards Lifesciences Corp.$5,23328.73%$1,50319.3%
249PharmaceuticalsElanco Animal Health Inc.$4,765-9.91%-$47245.6%
272PharmaceuticalsCatalent Inc.$3,99814.63%$58529.2%
415PharmaceuticalsBioMarin Pharmaceutical Inc.$1,846-3.47%-$64-0.8%
423PharmaceuticalsEmergent BioSolutions Inc.$1,79312.88%$23115.3%
439PharmaceuticalsQuidel Corp.$1,69941.46%$7042.2%
440PharmaceuticalsUnited Therapeutics Corp.$1,68628.23%$47613.6%

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. 

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