Revenue Growth Benchmarks

Top-line performance metrics of companies across industries and countries

Global Big Pharma (Revenue > $5 Bn)

US companies led growth, closely followed by European companies. A minimal number of companies experienced negative growth during this period. The remarkable performance of the sector can be attributed to the global pandemic leading to increased demand for medications and vaccines.


[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period | Green Shading: Top 10 companies by growth rank in period ]

Company HQ Reported Latest LTM year-on-year % CAGR Growth Rank
Currency FQ Sales1 3m 6m 9m ltm 1y 2y 3y 5y 6m LTM 3ycagr 5ycagr
Johnson & Johnson USA USD 2023-12 93.02 7.3% 7.0% 6.8% 6.5% 6.5% 4.0% 1.0% 0.9% 9 10 27 26
Roche Holding AG CHE CHF 2023-12 67.13 na -6.5% na -8.2% -8.2% -1.9% 1.2% 1.2% 26 27 26 24
Merck & Co Inc USA USD 2023-12 60.11 5.8% 6.3% 5.2% 1.4% 1.4% 11.1% 13.1% 7.3% 12 17 8 16
Pfizer Inc USA USD 2023-12 58.50 -41.3% -41.4% -46.1% -41.7% -41.7% -15.2% 12.0% 7.5% 28 28 10 15
AbbVie Inc USA USD 2023-12 54.32 -5.4% -5.7% -5.4% -6.4% -6.4% -1.7% 5.8% 10.6% 25 26 18 10
Bayer AG DEU EUR 2023-12 51.52 -1.2% -4.6% -7.9% -6.1% -6.1% 4.0% 4.8% 5.3% 24 25 20 19
Novartis AG CHE CHF 2023-12 50.91 -0.3% 1.7% 0.6% 1.1% -0.3% -0.2% -3.1% -2.5% 16 19 29 28
Sanofi SA FRA EUR 2023-12 50.23 na 1.2% na 2.3% 2.3% 8.9% 7.5% 5.4% 17 14 15 18
AstraZeneca PLC GBR GBP 2023-12 45.75 3.2% -0.6% 0.7% 1.4% -0.6% 13.4% 22.3% 15.7% 18 18 3 6
Bristol-Myers Squibb Co USA USD 2023-12 45.01 0.6% -0.8% -2.4% -2.5% -2.5% -1.5% 1.9% 14.8% 19 22 25 7
GSK PLC GBR GBP 2023-12 37.71 9.2% 6.5% 5.6% 3.4% 3.4% 10.8% 7.6% -0.3% 11 13 14 27
Eli Lilly and Co USA USD 2023-12 34.12 28.1% 32.4% 31.0% 19.6% 19.6% 9.8% 11.6% 9.7% 2 4 11 11
Novo Nordisk A/S DNK USD 2023-12 33.62 40.7% 39.8% 38.2% 34.5% 34.9% 26.0% 17.9% 14.8% 1 2 4 8
Takeda Pharmaceutical Co Ltd JPN JPY 2023-12 29.75 1.3% 2.6% 4.6% 5.7% 12.8% 12.2% 7.0% 17.9% 15 11 17 5
Amgen Inc USA USD 2023-12 28.19 19.8% 11.9% 10.0% 7.1% 7.1% 4.2% 3.5% 3.5% 5 9 21 22
Gilead Sciences Inc USA USD 2023-12 27.12 -3.7% -1.9% 0.3% -0.6% -0.6% -0.3% 3.2% 4.2% 20 20 22 21
Merck KGaA DEU EUR 2023-09 22.90 -10.9% -7.9% -4.9% -1.6% 12.9% 12.6% 11.2% 8.9% 27 21 12 13
Viatris Inc USA USD 2023-12 15.43 -1.0% -2.2% -3.1% -5.1% -5.1% -7.1% 8.9% 6.2% 22 24 13 17
Otsuka Holdings Co Ltd JPN JPY 2023-12 14.40 14.3% 16.0% 15.7% 16.1% 16.1% 16.1% 12.4% 9.3% 3 5 9 12
CSL Ltd AUS AUD 2023-12 13.90 na 13.3% na 23.5% 31.5% 20.9% 14.2% 14.2% 4 3 7 9
Regeneron Pharmaceuticals Inc USA USD 2023-12 13.12 0.6% 7.0% 8.1% 7.8% 7.8% -9.7% 15.6% 20.6% 10 8 6 4
Astellas Pharma Inc JPN JPY 2023-12 11.01 4.9% 4.0% 2.1% 5.1% 17.2% 10.2% 5.3% 3.2% 13 12 19 23
Vertex Pharmaceuticals Inc USA USD 2023-12 9.87 9.3% 7.9% 9.7% 10.5% 10.5% 14.1% 16.7% 26.5% 8 6 5 3
Biogen Inc USA USD 2023-12 9.84 -6.2% -2.7% -3.5% -3.3% -3.3% -5.4% -9.9% -6.1% 23 23 30 29
Bausch Health Companies Inc CAN USD 2023-12 8.76 9.8% 9.6% 9.8% 7.8% 7.8% 1.9% 2.9% 0.9% 6 7 23 25
Grifols SA ESP EUR 2023-12 7.29 14.8% 9.2% 63.1% 52.0% 8.7% 15.6% 7.3% 8.0% 7 1 16 14
BioNTech SE DEU USD 2023-09 7.04 -72.1% -83.3% -81.9% -65.0% -14.5% 459.0% 433.6% 202.1% 30 30 1 1
Moderna Inc USA USD 2023-12 6.75 -45.4% -45.0% -62.0% -64.2% -64.2% -38.3% 191.0% 123.0% 29 29 2 2
Organon & Co USA USD 2023-12 6.26 7.6% 3.1% 2.6% 1.4% 1.4% -0.3% -1.4% -8.5% 14 16 28 30
Eisai Co Ltd JPN JPY 2023-12 5.35 -5.3% -2.1% 0.9% 1.7% -1.6% 7.4% 2.3% 4.4% 21 15 24 20
Source: Annual Filings, Company Website