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PFE Financials Pfizer

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 8.5% per year over the past 5 years.
  • Net income has grown slower than revenue (-3.2% vs 8.5% per year).
  • Free cash flow has declined 5.7% per year over the past 5 years.

Financial health

  • Total debt ($64.6B) exceeds cash ($1.1B); net debt is $63.5B.
  • Total debt has grown faster than revenue (70.0% vs 8.5% per year).
Revenue & net income
$0 $51B $101B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 40% 80% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $15B $30B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $36B $72B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$32B $151M $33B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $62.6B $7.8B 74.3% 0.0% $9.1B $64.6B $1.1B
2024 $63.6B $8.0B 71.9% 0.0% $9.8B $63.6B $1.0B
2023 $59.6B $2.1B 58.1% 0.0% $4.8B $71.8B $2.9B
2022 $101.2B $31.4B 66.1% 0.0% $26.0B $35.4B $416M
2021 $81.3B $22.0B 62.1% 0.0% $29.9B $37.8B $1.9B
2020 $41.7B $9.2B 79.6% 0.0% $12.2B $4.6B $1.8B
2019 $16.0B $10.5B $51.3B $1.1B
2018 $11.2B $13.8B $40.8B $1.1B
2017 $21.3B $14.8B $43.2B $1.3B
2016 $7.2B $14.4B $37.2B $2.6B
2015 $7.0B $13.3B $28.8B $3.6B
2014 $9.1B $15.9B $31.5B $3.3B
2013 $22.0B $16.5B $35.5B $2.2B
2012 $14.6B $15.4B $36.2B $10.1B
2011 $10.0B $18.6B $34.9B $3.2B

Valuation over time

How the market has priced PFE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 41.1 82.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.5 2.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is PFE growing its revenue and profit?

Over the past 5 years, Pfizer's revenue has grown 8.5% per year, and net income declined 3.2% per year. These are computed facts, not advice.

How much debt does PFE have?

As of FY2025, Pfizer reported $64.6B of total debt against $1.1B of cash.

What is PFE's profit margin?

In FY2025, gross margin was 74.3%, operating margin —, and net margin 12.4%.

What is PFE's P/E ratio?

As of Jun '26, Pfizer traded at a price-to-earnings ratio of about 17.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.