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) Operating margin

Alert me on Operating margin

Pfizer Inc.'s operating margin over the twelve months to 30 September 2026 was 21.4%, down 1.3 percentage points from fiscal 2025 (22.8%). Over the past ten years it has ranged from 2.15% (fiscal 2023) to 35.4% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Drug Manufacturers General industry median of 18.3% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 22.8% 3.25
FY2024 19.5% 17.36
FY2023 2.15% (33.22)
FY2022 35.4% 11.46
FY2021 23.9% 4.10
FY2020 19.8% 3.41
FY2019 16.4% 2.51
FY2018 13.9% (12.22)
FY2017 26.1% 3.12
FY2016 23.0% (1.21)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 22.1% 1.76
Jun 2026 20.4% (7.52)
Mar 2026 27.9% 11.54
Dec 2025 16.4% (6.76)
43 more quarters

Against its own ten years

Low 2.15% High 35.4%
Ten-year median 22.8%
Current reading's percentile 40

Operating margin against peers

Company Operating margin
NVO Novo Nordisk A/S compare 43.4%
AMGN Amgen Inc. compare 32.4%
NVS Novartis AG compare 25.2%
AZN AstraZeneca PLC compare 23.7%
BMY Bristol Myers Squibb Company compare 22.7%
PFE Pfizer Inc. 21.4%
SNY Sanofi compare 18.7%
GSK GSK PLC Sponsored ADR compare 18.0%
GILD Gilead Sciences, Inc. compare −7.63%
Drug Manufacturers General industry median 18.3%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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