PFE PFIZER INC
NYSEHealth carePharmaceutical PreparationsNew York, NYFY ends December 31
FY2025 at a glance
Fundamentals from SEC filings, not quotes- Revenue
- $62.6BYoYdown 1.65%ended Dec 31, 2025
- Net income
- $7.77B12.4% margin
- Diluted EPS
- $1.36YoYdown 3.55%
- Free cash flow
- $9.08B14.5% margin
- Cash
- $1.14BNet debt $63.5B
- Total debt
- $64.6BD/E 0.75×
Overview
PFIZER INC (PFE) is listed on NYSE; the SEC classifies it under "Pharmaceutical Preparations".
For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $62.58B, down 1.6% from fiscal 2024.
Net income was $7.77B, a net margin of 12.4%.
At fiscal year end it had total assets of $208.16B and stockholders' equity of $86.48B (41.5% of assets).
- Fiscal years shown
- FY2016–FY2025 (10 years)
- Latest 10-K
- Feb 26, 2026
- Latest filing
- 8-KNov 3, 2026
Charts
Revenue and net income
| Period | Revenue | Net income | Net margin |
|---|---|---|---|
| FY2016 | — | $7.22B | — |
| FY2017 | — | $21.3B | — |
| FY2018 | $53.6B | $11.2B | 20.8% |
| FY2019 | $51.8B | $16.3B | 31.4% |
| FY2020 | $41.9B | $9.62B | 22.9% |
| FY2021 | $81.3B | $22B | 27.0% |
| FY2022 | $100B | $31.4B | 31.3% |
| FY2023 | $58.5B | $2.12B | 3.6% |
| FY2024 | $63.6B | $8.03B | 12.6% |
| FY2025 | $62.6B | $7.77B | 12.4% |
Gross, operating and net margin
| Period | Gross margin | Net margin |
|---|---|---|
| FY2016 | — | — |
| FY2017 | — | — |
| FY2018 | 79.0% | 20.8% |
| FY2019 | 80.3% | 31.4% |
| FY2020 | 79.3% | 22.9% |
| FY2021 | 62.1% | 27.0% |
| FY2022 | 65.8% | 31.3% |
| FY2023 | 57.3% | 3.6% |
| FY2024 | 71.9% | 12.6% |
| FY2025 | 74.3% | 12.4% |
Diluted EPS
| Period | EPS (diluted) |
|---|---|
| FY2016 | $1.17 |
| FY2017 | $3.52 |
| FY2018 | $1.87 |
| FY2019 | $2.87 |
| FY2020 | $1.71 |
| FY2021 | $3.85 |
| FY2022 | $5.47 |
| FY2023 | $0.37 |
| FY2024 | $1.41 |
| FY2025 | $1.36 |
Free cash flow vs net income
| Period | Free cash flow | Net income |
|---|---|---|
| FY2016 | $14.1B | $7.22B |
| FY2017 | $14.5B | $21.3B |
| FY2018 | $13.8B | $11.2B |
| FY2019 | $10.4B | $16.3B |
| FY2020 | $12.2B | $9.62B |
| FY2021 | $29.9B | $22B |
| FY2022 | $26B | $31.4B |
| FY2023 | $4.79B | $2.12B |
| FY2024 | $9.84B | $8.03B |
| FY2025 | $9.08B | $7.77B |
Diluted shares
| Period | Diluted shares (weighted) |
|---|---|
| FY2016 | 6.16B |
| FY2017 | 6.06B |
| FY2018 | 5.98B |
| FY2019 | 5.68B |
| FY2020 | 5.63B |
| FY2021 | 5.71B |
| FY2022 | 5.73B |
| FY2023 | 5.71B |
| FY2024 | 5.7B |
| FY2025 | 5.71B |
Cash vs total debt
| Period | Cash & equivalents | Total debt |
|---|---|---|
| FY2016 | $2.6B | $35.6B |
| FY2017 | $1.34B | $43.2B |
| FY2018 | $1.14B | $40.8B |
| FY2019 | $1.31B | $51.3B |
| FY2020 | $1.78B | $39.7B |
| FY2021 | $1.94B | $37.8B |
| FY2022 | $416M | $35.4B |
| FY2023 | $2.85B | $71.8B |
| FY2024 | $1.04B | $63.6B |
| FY2025 | $1.14B | $64.6B |
Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Ratios
Profitability
- Gross margin
- 74.3%
- Net margin
- 12.4%
- FCF margin
- 14.5%
- Return on equity
- 8.9%
- Return on assets
- 3.7%
Growth
| Metric | 1y | 3y CAGR | 5y CAGR | 9y CAGR |
|---|---|---|---|---|
| Revenue | down 1.65% | down 14.56% | — | — |
| EPS (diluted) | down 3.55% | down 37.12% | down 4.48% | up 1.69% |
| Free cash flow | down 7.73% | down 29.62% | down 5.67% | down 4.76% |
- Change in share count
- +0.23%
Financial strength
- Current ratio
- 1.16×
- Debt / equity
- 0.75×
- Liabilities / assets
- 58.3%
- Net debt
- $63.5B
- Equity / assets
- 41.5%
Shareholder returns
- Dividends per share
- $1.72
- Buybacks
- —
- Stock comp. / revenue
- 1.3%
Quality screens
Piotroski F-Score
6 of 9 checks passed
FY2025 vs FY2024
- PassPositive return on assets3.6%
- PassPositive operating cash flow$11.7B
- PassReturn on assets improved3.6% vs 3.5%
- PassOperating cash flow above net income5.5% vs 3.6%
- FailLong-term debt / assets fell29.6% vs 26.9%
- FailCurrent ratio improved1.16× vs 1.17×
- FailNo increase in share count5.71B vs 5.7B
- PassGross margin improved74.3% vs 71.9%
- PassAsset turnover improved0.29× vs 0.28×
Altman Z''-Score
Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.
Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 62,579 | 63,627 | 58,496 | 100,330 | 81,288 | 41,908 | 51,750 | 53,647 | — | — |
| YoY (Revenue) | -1.65% | +8.77% | -41.70% | — | +93.97% | -19.02% | -3.54% | — | — | — |
| Gross profit | 46,512 | 45,776 | 33,542 | 65,986 | 50,467 | 33,216 | 41,531 | 42,399 | — | — |
| Selling, general & admin. | 13,794 | 14,730 | 14,771 | 13,677 | 12,703 | 11,615 | 14,350 | 14,455 | 14,784 | 14,837 |
| Interest expense | 2,671 | 3,091 | 2,209 | 1,238 | 1,291 | 1,449 | 1,574 | 1,316 | 1,270 | 1,186 |
| Pretax income | 7,520 | 8,023 | 1,058 | 34,729 | 24,311 | 7,497 | 17,682 | 11,885 | 12,305 | 8,351 |
| Income tax | -266 | -28 | -1,115 | 3,328 | 1,852 | 477 | 1,384 | 706 | -9,049 | 1,123 |
| Net income | 7,771 | 8,031 | 2,119 | 31,372 | 21,979 | 9,616 | 16,273 | 11,153 | 21,308 | 7,215 |
| YoY (Net income) | -3.24% | +279.00% | -93.25% | +42.74% | +128.57% | -40.91% | +45.91% | -47.66% | +195.33% | — |
| EPS (basic) | 1.37 | 1.42 | 0.38 | 5.59 | 3.92 | 1.73 | 2.92 | 1.90 | 3.57 | 1.18 |
| EPS (diluted) | 1.36 | 1.41 | 0.37 | 5.47 | 3.85 | 1.71 | 2.87 | 1.87 | 3.52 | 1.17 |
| YoY (EPS (diluted)) | -3.55% | +281.08% | -93.24% | +42.08% | +125.15% | -40.42% | +53.48% | -46.88% | +200.85% | — |
| Diluted shares (weighted) | 5,713 | 5,700 | 5,709 | 5,733 | 5,708 | 5,632 | 5,675 | 5,977 | 6,058 | 6,159 |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | 1,142 | 1,043 | 2,853 | 416 | 1,944 | 1,784 | 1,305 | 1,139 | 1,342 | 2,595 |
| Receivables | 11,874 | 11,463 | 11,177 | 10,952 | 11,479 | 7,930 | 8,724 | 8,025 | 8,221 | 8,225 |
| Inventory | 10,654 | 10,851 | 10,189 | 8,981 | 9,059 | 8,046 | 8,283 | 7,508 | 7,578 | 6,783 |
| Current assets | 42,898 | 50,358 | 43,333 | 51,259 | 59,693 | 35,067 | 32,803 | 49,926 | 41,141 | 38,949 |
| Goodwill | 71,264 | 68,527 | 67,783 | 51,375 | 49,208 | 49,577 | 58,653 | 53,411 | 55,952 | 54,449 |
| Intangible assets | 53,731 | 55,411 | 64,900 | 43,370 | 25,146 | 28,471 | 35,370 | 35,211 | 48,741 | 52,648 |
| Total assets | 208,160 | 213,396 | 226,501 | 197,205 | 181,476 | 154,229 | 167,489 | 159,422 | 171,797 | 171,615 |
| Current liabilities | 36,984 | 42,995 | 47,794 | 42,138 | 42,671 | 25,920 | 37,304 | 31,858 | 30,427 | 31,115 |
| Short-term debt | 2,997 | 6,200 | 10,219 | 2,560 | 1,636 | 2,558 | 15,377 | 7,876 | 9,646 | 4,225 |
| Long-term debt | 61,641 | 57,405 | 61,538 | 32,884 | 36,195 | 37,133 | 35,955 | 32,909 | 33,538 | 31,398 |
| Total liabilities | 121,385 | 124,899 | 137,213 | 101,288 | 104,013 | 90,756 | 104,042 | 95,664 | 100,141 | 111,776 |
| Retained earnings | 114,610 | 116,725 | 118,353 | 125,656 | 103,394 | 96,770 | 97,670 | 89,554 | 85,291 | 71,774 |
| Stockholders' equity | 86,476 | 88,203 | 89,014 | 95,661 | 77,201 | 63,238 | 63,143 | 63,407 | 71,308 | 59,544 |
| Shares outstanding | 5,686 | 5,667 | 5,647 | 5,619 | 5,623 | 5,578 | 5,548 | 5,552 | 5,953 | 5,952 |
Cash flow
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 11,704 | 12,744 | 8,700 | 29,267 | 32,580 | 14,403 | 12,588 | 15,827 | 16,470 | 15,901 |
| Capital expenditures | 2,629 | 2,909 | 3,907 | 3,236 | 2,711 | 2,252 | 2,176 | 2,042 | 1,956 | 1,823 |
| Free cash flow | 9,075 | 9,835 | 4,793 | 26,031 | 29,869 | 12,151 | 10,412 | 13,785 | 14,514 | 14,078 |
| YoY (Free cash flow) | -7.73% | +105.20% | -81.59% | -12.85% | +145.82% | +16.70% | -24.47% | -5.02% | +3.10% | — |
| Depreciation & amortization | 6,592 | 7,013 | 6,290 | 5,064 | 5,191 | — | 6,010 | 6,384 | 6,269 | 5,757 |
| Stock-based compensation | 799 | 877 | 525 | 872 | 1,182 | 756 | 718 | 949 | 840 | 691 |
| Share repurchases | — | 0 | 0 | 2,000 | 0 | 0 | 8,865 | 12,198 | 5,000 | 5,000 |
| Dividends per share | 1.72 | 1.69 | 1.65 | 1.61 | 1.57 | 1.53 | 1.46 | 1.38 | 1.28 | 1.20 |
Key financials (annual, 10-K)
Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.
Filing timeline
- 8-KNewCurrent report· Oct 30, 2026(SEC EDGAR)
- 5.02Officer or director changes
- 9.01Financial statements and exhibits
- 10-QNewQuarterly report· Sep 27, 2026(SEC EDGAR)
- 8-KNewCurrent report· Nov 3, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Jun 28, 2026(SEC EDGAR)
- 8-KCurrent report· Aug 4, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· Jun 18, 2026(SEC EDGAR)
- 7.01Regulation FD disclosure
- 8-KCurrent report· Jun 18, 2026(SEC EDGAR)
- 5.02Officer or director changes
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Mar 29, 2026(SEC EDGAR)
- 8-KCurrent report· May 5, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· Apr 23, 2026(SEC EDGAR)
- 5.07Shareholder vote results
Peers (same SIC code)
| Ticker | Revenue (FY) | YoY | Net margin | ROE | F-Score | 5y revenue |
|---|---|---|---|---|---|---|
| JNJJOHNSON & JOHNSON | $94.2B | — | 28.5% | — | — | — |
| LLYELI LILLY & Co | $65.2B | — | 31.7% | — | — | — |
| MRKMerck & Co., Inc. | $65B | — | 28.1% | — | — | — |
| PFEPFIZER INC (This company) | $62.6B | down 1.65% | 12.4% | 8.9% | 6/9 | |
| ABBVAbbVie Inc. | $61.2B | — | 6.9% | — | — | — |
| ABTABBOTT LABORATORIES | $44.3B | up 5.67% | 14.7% | 13.1% | 6/9 | |
| NVSNOVARTIS AG | — | — | — | — | — | — |
| AZNASTRAZENECA PLC | — | — | — | — | — | — |
| NVONOVO NORDISK A S | — | — | — | — | — | — |
| Peer median | $65B | up 5.67% | 28.1% | 13.1% | 6/9 | — |
Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.
Frequently asked questions
What does PFIZER INC do?
The SEC classifies PFIZER INC under Standard Industrial Classification (SIC) code 2834, "Pharmaceutical Preparations". It is headquartered in New York, NY. It is incorporated in DE. In fiscal 2025 it reported revenue of $62.58B and net income of $7.77B in its annual 10-K report.
What was PFIZER INC's revenue in 2025?
PFIZER INC reported revenue of $62.58B for fiscal 2025, which ended Dec 31, 2025, down 1.6% from $63.63B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 26, 2026.
What was PFIZER INC's net income in 2025?
PFIZER INC reported net income of $7.77B for fiscal 2025, a net margin of 12.4% of revenue.
Where is PFIZER INC listed?
According to the SEC, PFIZER INC's ticker PFE is listed on NYSE.
When does PFIZER INC's fiscal year end?
According to the SEC, PFIZER INC's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.
Source: SEC EDGAR · Last updated:
Ver en españolNot investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.