P

Pfizer Inc.

PFE · CIK 0000078003

19 fiscal years · 68 SEC filings · every number carries its receipt

Revenue (FY)
$62.58B1.6%
FY2025
Net income (FY)
$7.77B3.2%
FY2025
Free cash flow (FY)
$9.07B7.7%
FY2025
Diluted EPS (FY)
$1.363.5%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$50BFY2007 · Revenue $48.42B · Net income $8.14B · 0001193125-10-042425 · filed 2010-02-26FY07Revenue $48.42BNet income $8.14B0001193125-10-042425 · filed 2010-02-26FY2008 · Revenue $48.30B · Net income $8.10B · 0001193125-11-048877 · filed 2011-02-28FY08Revenue $48.30BNet income $8.10B0001193125-11-048877 · filed 2011-02-28FY2009 · Revenue $49.27B · Net income $8.63B · 0001193125-12-085703 · filed 2012-02-28FY09Revenue $49.27BNet income $8.63B0001193125-12-085703 · filed 2012-02-28FY2010 · Revenue $65.17B · Net income $8.26B · 0000078003-13-000006 · filed 2013-02-28FY10Revenue $65.17BNet income $8.26B0000078003-13-000006 · filed 2013-02-28FY2011 · Revenue $61.03B · Net income $10.01B · 0000078003-14-000018 · filed 2014-02-28FY11Revenue $61.03BNet income $10.01B0000078003-14-000018 · filed 2014-02-28FY2012 · Revenue $54.66B · Net income $14.57B · 0000078003-14-000018 · filed 2014-02-28 · 0000078003-15-000014 · filed 2015-02-27FY12Revenue $54.66BNet income $14.57B0000078003-14-000018 · filed 2014-02-28 · 0000078003-15-000014 · filed 2015-02-27FY2013 · Revenue $51.58B · Net income $22.00B · 0000078003-14-000018 · filed 2014-02-28 · 0000078003-16-000077 · filed 2016-02-29FY13Revenue $51.58BNet income $22.00B0000078003-14-000018 · filed 2014-02-28 · 0000078003-16-000077 · filed 2016-02-29FY2014 · Revenue $49.60B · Net income $9.13B · 0000078003-17-000014 · filed 2017-02-23FY14Revenue $49.60BNet income $9.13B0000078003-17-000014 · filed 2017-02-23FY2015 · Revenue $48.85B · Net income $6.96B · 0000078003-18-000027 · filed 2018-02-22FY15Revenue $48.85BNet income $6.96B0000078003-18-000027 · filed 2018-02-22FY2016 · Revenue $52.82B · Net income $7.21B · 0000078003-19-000015 · filed 2019-02-28FY16Revenue $52.82BNet income $7.21B0000078003-19-000015 · filed 2019-02-28FY2017 · Revenue $52.55B · Net income $21.31B · 0000078003-20-000014 · filed 2020-02-27FY17Revenue $52.55BNet income $21.31B0000078003-20-000014 · filed 2020-02-27FY2018 · Revenue $40.83B · Net income $11.15B · 0000078003-21-000038 · filed 2021-02-25FY18Revenue $40.83BNet income $11.15B0000078003-21-000038 · filed 2021-02-25FY2019 · Revenue $40.91B · Net income $16.03B · 0000078003-22-000027 · filed 2022-02-24FY19Revenue $40.91BNet income $16.03B0000078003-22-000027 · filed 2022-02-24FY2020 · Revenue $41.65B · Net income $9.16B · 0000078003-22-000027 · filed 2022-02-24 · 0000078003-23-000024 · filed 2023-02-23FY20Revenue $41.65BNet income $9.16B0000078003-22-000027 · filed 2022-02-24 · 0000078003-23-000024 · filed 2023-02-23FY2021 · Revenue $73.64B · Net income $21.98B · 0000078003-24-000039 · filed 2024-02-22FY21Revenue $73.64BNet income $21.98B0000078003-24-000039 · filed 2024-02-22FY2022 · Revenue $91.79B · Net income $31.37B · 0000078003-24-000039 · filed 2024-02-22 · 0000078003-25-000054 · filed 2025-02-27FY22Revenue $91.79BNet income $31.37B0000078003-24-000039 · filed 2024-02-22 · 0000078003-25-000054 · filed 2025-02-27FY2023 · Revenue $50.91B · Net income $2.12B · 0000078003-24-000039 · filed 2024-02-22 · 0000078003-26-000026 · filed 2026-02-26FY23Revenue $50.91BNet income $2.12B0000078003-24-000039 · filed 2024-02-22 · 0000078003-26-000026 · filed 2026-02-26FY2024 · Revenue $63.63B · Net income $8.03B · 0000078003-26-000026 · filed 2026-02-26FY24Revenue $63.63BNet income $8.03B0000078003-26-000026 · filed 2026-02-26FY2025 · Revenue $62.58B · Net income $7.77B · 0000078003-26-000026 · filed 2026-02-26FY25Revenue $62.58BNet income $7.77B0000078003-26-000026 · filed 2026-02-26FY25Revenue $62.58BNet income $7.77B0000078003-26-000026 · filed 2026-02-26FY07FY10FY13FY16FY19FY22FY25

revenue 1.3× since FY2007 · net margin 16.8% → 12.4%

MarginsNet marginFCF margin
0%20%40%FY2007 · Net margin 16.8% · FCF margin 23.7%FY07Net margin 16.8%FCF margin 23.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 16.8% · FCF margin 34.2%FY08Net margin 16.8%FCF margin 34.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 17.5% · FCF margin 31.2%FY09Net margin 17.5%FCF margin 31.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 12.7% · FCF margin 15.3%FY10Net margin 12.7%FCF margin 15.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 16.4% · FCF margin 30.4%FY11Net margin 16.4%FCF margin 30.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 26.7% · FCF margin 28.2%FY12Net margin 26.7%FCF margin 28.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 42.7% · FCF margin 31.9%FY13Net margin 42.7%FCF margin 31.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 18.4% · FCF margin 32.0%FY14Net margin 18.4%FCF margin 32.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 14.2% · FCF margin 27.2%FY15Net margin 14.2%FCF margin 27.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 13.7% · FCF margin 27.2%FY16Net margin 13.7%FCF margin 27.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 40.6% · FCF margin 28.3%FY17Net margin 40.6%FCF margin 28.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 27.3% · FCF margin 33.9%FY18Net margin 27.3%FCF margin 33.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 39.2% · FCF margin 25.8%FY19Net margin 39.2%FCF margin 25.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 22.0% · FCF margin 29.2%FY20Net margin 22.0%FCF margin 29.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 29.8% · FCF margin 40.6%FY21Net margin 29.8%FCF margin 40.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 34.2% · FCF margin 28.4%FY22Net margin 34.2%FCF margin 28.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 4.2% · FCF margin 9.4%FY23Net margin 4.2%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 12.6% · FCF margin 15.5%FY24Net margin 12.6%FCF margin 15.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 12.4% · FCF margin 14.5%FY25Net margin 12.4%FCF margin 14.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 12.4%FCF margin 14.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 12.4% · free cash flow 14.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$10B$20B$30BFY2007 · OCF $13.35B · FCF $11.47B · 0001193125-10-042425 · filed 2010-02-26FY07OCF $13.35BFCF $11.47B0001193125-10-042425 · filed 2010-02-26FY2008 · OCF $18.24B · FCF $16.54B · 0001193125-11-048877 · filed 2011-02-28FY08OCF $18.24BFCF $16.54B0001193125-11-048877 · filed 2011-02-28FY2009 · OCF $16.59B · FCF $15.38B · 0001193125-12-085703 · filed 2012-02-28FY09OCF $16.59BFCF $15.38B0001193125-12-085703 · filed 2012-02-28FY2010 · OCF $11.45B · FCF $9.94B · 0000078003-13-000006 · filed 2013-02-28FY10OCF $11.45BFCF $9.94B0000078003-13-000006 · filed 2013-02-28FY2011 · OCF $20.24B · FCF $18.58B · 0000078003-14-000018 · filed 2014-02-28FY11OCF $20.24BFCF $18.58B0000078003-14-000018 · filed 2014-02-28FY2012 · OCF $16.75B · FCF $15.42B · 0000078003-15-000014 · filed 2015-02-27FY12OCF $16.75BFCF $15.42B0000078003-15-000014 · filed 2015-02-27FY2013 · OCF $17.68B · FCF $16.48B · 0000078003-16-000077 · filed 2016-02-29FY13OCF $17.68BFCF $16.48B0000078003-16-000077 · filed 2016-02-29FY2014 · OCF $17.08B · FCF $15.88B · 0000078003-17-000014 · filed 2017-02-23FY14OCF $17.08BFCF $15.88B0000078003-17-000014 · filed 2017-02-23FY2015 · OCF $14.69B · FCF $13.29B · 0000078003-18-000027 · filed 2018-02-22FY15OCF $14.69BFCF $13.29B0000078003-18-000027 · filed 2018-02-22FY2016 · OCF $16.19B · FCF $14.37B · 0000078003-19-000015 · filed 2019-02-28FY16OCF $16.19BFCF $14.37B0000078003-19-000015 · filed 2019-02-28FY2017 · OCF $16.80B · FCF $14.85B · 0000078003-20-000014 · filed 2020-02-27FY17OCF $16.80BFCF $14.85B0000078003-20-000014 · filed 2020-02-27FY2018 · OCF $15.83B · FCF $13.84B · 0000078003-21-000038 · filed 2021-02-25FY18OCF $15.83BFCF $13.84B0000078003-21-000038 · filed 2021-02-25FY2019 · OCF $12.59B · FCF $10.54B · 0000078003-22-000027 · filed 2022-02-24FY19OCF $12.59BFCF $10.54B0000078003-22-000027 · filed 2022-02-24FY2020 · OCF $14.40B · FCF $12.18B · 0000078003-23-000024 · filed 2023-02-23FY20OCF $14.40BFCF $12.18B0000078003-23-000024 · filed 2023-02-23FY2021 · OCF $32.58B · FCF $29.87B · 0000078003-24-000039 · filed 2024-02-22FY21OCF $32.58BFCF $29.87B0000078003-24-000039 · filed 2024-02-22FY2022 · OCF $29.27B · FCF $26.03B · 0000078003-25-000054 · filed 2025-02-27FY22OCF $29.27BFCF $26.03B0000078003-25-000054 · filed 2025-02-27FY2023 · OCF $8.70B · FCF $4.79B · 0000078003-26-000026 · filed 2026-02-26FY23OCF $8.70BFCF $4.79B0000078003-26-000026 · filed 2026-02-26FY2024 · OCF $12.74B · FCF $9.84B · 0000078003-26-000026 · filed 2026-02-26FY24OCF $12.74BFCF $9.84B0000078003-26-000026 · filed 2026-02-26FY2025 · OCF $11.70B · FCF $9.07B · 0000078003-26-000026 · filed 2026-02-26FY25OCF $11.70BFCF $9.07B0000078003-26-000026 · filed 2026-02-26FY25OCF $11.70BFCF $9.07B0000078003-26-000026 · filed 2026-02-26’09’13’17’21’25

FY2025: $11.70B operating cash − $2.63B capex = $9.07B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2008 · ROE 14.1% · ROA 7.3%FY08ROE 14.1%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 9.6% · ROA 4.1%FY09ROE 9.6%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 9.4% · ROA 4.2%FY10ROE 9.4%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 12.2% · ROA 5.3%FY11ROE 12.2%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 17.9% · ROA 7.8%FY12ROE 17.9%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 28.8% · ROA 12.8%FY13ROE 28.8%ROA 12.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 12.8% · ROA 5.5%FY14ROE 12.8%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 10.8% · ROA 4.2%FY15ROE 10.8%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 12.1% · ROA 4.2%FY16ROE 12.1%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 29.9% · ROA 12.4%FY17ROE 29.9%ROA 12.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 17.6% · ROA 7.0%FY18ROE 17.6%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 25.4% · ROA 9.6%FY19ROE 25.4%ROA 9.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 14.5% · ROA 5.9%FY20ROE 14.5%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 28.5% · ROA 12.1%FY21ROE 28.5%ROA 12.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 32.8% · ROA 15.9%FY22ROE 32.8%ROA 15.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 2.4% · ROA 0.9%FY23ROE 2.4%ROA 0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 9.1% · ROA 3.8%FY24ROE 9.1%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 9.0% · ROA 3.7%FY25ROE 9.0%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 9.0%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 14% (FY2008) → 9% (FY2025) · on assets 3.7%

Balance sheetLiabilitiesEquity
$0$100B$200BFY2008 · Liabilities $53.41B · Equity $57.56BFY08Liabilities $53.41BEquity $57.56B0001193125-10-042425 · filed 2010-02-26FY2009 · Liabilities $122.50B · Equity $90.01BFY09Liabilities $122.50BEquity $90.01B0001193125-11-048877 · filed 2011-02-28FY2010 · Liabilities $106.75B · Equity $87.81BFY10Liabilities $106.75BEquity $87.81B0001193125-12-085703 · filed 2012-02-28FY2011 · Liabilities $105.38B · Equity $82.19BFY11Liabilities $105.38BEquity $82.19B0000078003-13-000006 · filed 2013-02-28FY2012 · Liabilities $104.12B · Equity $81.26BFY12Liabilities $104.12BEquity $81.26B0000078003-14-000018 · filed 2014-02-28FY2013 · Liabilities $95.48B · Equity $76.31BFY13Liabilities $95.48BEquity $76.31B0000078003-15-000014 · filed 2015-02-27FY2014 · Liabilities $95.94B · Equity $71.30BFY14Liabilities $95.94BEquity $71.30B0000078003-16-000077 · filed 2016-02-29FY2015 · Liabilities $102.38B · Equity $64.72BFY15Liabilities $102.38BEquity $64.72B0000078003-17-000014 · filed 2017-02-23FY2016 · Liabilities $111.78B · Equity $59.54BFY16Liabilities $111.78BEquity $59.54B0000078003-18-000027 · filed 2018-02-22FY2017 · Liabilities $100.14B · Equity $71.31BFY17Liabilities $100.14BEquity $71.31B0000078003-19-000015 · filed 2019-02-28FY2018 · Liabilities $95.66B · Equity $63.41BFY18Liabilities $95.66BEquity $63.41B0000078003-20-000014 · filed 2020-02-27FY2019 · Liabilities $104.15B · Equity $63.14BFY19Liabilities $104.15BEquity $63.14B0000078003-21-000038 · filed 2021-02-25FY2020 · Liabilities $90.76B · Equity $63.24BFY20Liabilities $90.76BEquity $63.24B0000078003-22-000027 · filed 2022-02-24FY2021 · Liabilities $104.01B · Equity $77.20BFY21Liabilities $104.01BEquity $77.20B0000078003-23-000024 · filed 2023-02-23FY2022 · Liabilities $101.29B · Equity $95.66BFY22Liabilities $101.29BEquity $95.66B0000078003-24-000039 · filed 2024-02-22FY2023 · Liabilities $137.21B · Equity $89.01BFY23Liabilities $137.21BEquity $89.01B0000078003-25-000054 · filed 2025-02-27FY2024 · Liabilities $124.90B · Equity $88.20BFY24Liabilities $124.90BEquity $88.20B0000078003-26-000026 · filed 2026-02-26FY2025 · Liabilities $121.39B · Equity $86.48BFY25Liabilities $121.39BEquity $86.48B0000078003-26-000026 · filed 2026-02-26FY25Liabilities $121.39BEquity $86.48B0000078003-26-000026 · filed 2026-02-26’09’13’17’21’25

FY2025: $208.16B assets · $121.39B liabilities · $86.48B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.