Pfizer Inc.

PFE Healthcare Drug Manufacturers General

Pfizer Inc.’s revenue for fiscal 2025 (year ended December 2025) was $62.6 billion, down 1.65% from fiscal 2024.

Revenue
−0.43%
EPS
−7.98%
Free cash flow
+20.0%
Total debt
+1.55%

Quarter to September 2026, against a year earlier

29.96 0.83 −2.70%
Market cap
$170.3B
P/E
42.2×
Fwd P/E
18.9×
Dividend yield
7.18%
F-score
6/9
Altman Z
2.03
Beneish M
−2.52
Dividend safety
28/100

Pfizer Inc. (PFE) Gross margin

Alert me on Gross margin

Pfizer Inc.'s gross margin over the twelve months to 30 September 2026 was 73.4%, down 0.9 percentage points from fiscal 2025 (74.3%). Over the past ten years it has ranged from 58.1% (fiscal 2023) to 80.3% (fiscal 2019); the current reading is higher than 45% of that period. That is in line with the Drug Manufacturers General industry median of 73.0% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 74.3% 2.39
FY2024 71.9% 13.84
FY2023 58.1% (7.95)
FY2022 66.1% 3.97
FY2021 62.1% (17.55)
FY2020 79.6% (0.68)
FY2019 80.3% 2.32
FY2018 78.0% (0.64)
FY2017 78.6% 1.96
FY2016 76.7% (3.58)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 75.7% 2.93
Jun 2026 72.8% (2.67)
Mar 2026 75.5% 5.48
Dec 2025 70.0% (4.98)
43 more quarters

Against its own ten years

Low 58.1% High 80.3%
Ten-year median 76.7%
Current reading's percentile 44

Gross margin against peers

Company Gross margin
AZN AstraZeneca PLC compare 81.9%
NVO Novo Nordisk A/S compare 80.7%
GILD Gilead Sciences, Inc. compare 79.9%
NVS Novartis AG compare 74.9%
SNY Sanofi compare 73.4%
PFE Pfizer Inc. 73.4%
GSK GSK PLC Sponsored ADR compare 72.6%
AMGN Amgen Inc. compare 70.9%
BMY Bristol Myers Squibb Company compare 69.2%
Drug Manufacturers General industry median 73.0%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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