2024 list of global top 10 biotech and pharmaceutical companies based on net income

This statistic shows the 2024 ranking of the top 10 biotech and pharmaceutical companies worldwide, based on net income. U.S.-based company Johnson & Johnson was ranked first with a net income of 16.4 billion U.S. dollars. 

Biotech and pharmaceutical companies

Johnson & Johnson and Merck & Co., both based in the United States, are among the world’s largest biotechnology and pharmaceutical companies based on their net incomes of approximately 16.4 billion U.S. dollars and 13.7 billion U.S. dollars, respectively, as of 2024. Johnson & Johnson generated some 86 billion U.S. dollars of revenue in 2023. Pfizer had record-high annual revenues during the COVID-19 vaccination campaign, reaching 100 billion U.S. dollars in 2022.

Story of a former blockbuster

Lyrica was once one of Pfizer’s most successful products. It is an anticonvulsant for neuropathic pain and is also used as therapy for partial seizures. In the EU and in Russia, Lyrica has also been approved to treat general anxiety disorder. In 2017, this prescription medication generated some five billion U.S. dollars in revenue.