Pfizer Inc. PFE

28.67 0.26 0.92% as of 25 Sep
Market cap
$161.7B
P/E
37.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Pfizer Inc. (PFE) Gross margin

Pfizer Inc.'s gross margin over the twelve months to 30 June 2026 was 73.2%, down 1.1 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 72.8% and above the Healthcare sector median of 53.7%.

Gross margin, annual

Annual

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

Period Gross margin Change (points)
Jun 2026 72.8% (2.67)
Mar 2026 75.5% 5.48
Dec 2025 70.0% (4.98)
Sep 2025 75.0% 0.73
42 more quarters

Against its own ten years

Low 58.1% High 80.3%
Ten-year median 76.7%
Current reading's percentile 45

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 79.6%
NVS Novartis AG compare 74.7%
PFE Pfizer Inc. 73.2%
SNY Sanofi compare 72.8%
GSK GSK PLC Sponsored ADR compare 72.8%
BMY Bristol Myers Squibb Company compare 70.2%
AMGN Amgen Inc. compare 69.5%
Drug Manufacturers General industry median 72.8%
Healthcare sector median 53.7%
Market median 46.3%

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 →

More on PFE