PFIZER INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 64,638 | 42.8 |
| Stockholders' equity | 86,476 | 57.2 |
| Total capitalization | 151,114 | 100.0 |
5,699,673,589 shares outstanding at 29 July 2026 (cover page of the 10-Q filed 4 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 61,641 |
| Current maturities | 2,997 |
| Short-term borrowings / commercial paper | 0 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 12,000,000,000 |
| Common shares issued | 9,621,000,000 |
| Treasury shares | 3,935,000,000 |
| Par or stated value per share ($) | 0.05 |
| Outstanding at 7/29/26 | 5,699,673,589 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.72 | 126.5 |
| 2024 | 1.69 | 119.9 |
| 2023 | 1.65 | 445.9 |
| 2022 | 1.61 | 29.4 |
| 2021 | 1.57 | 40.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 2834, Pharmaceutical Preparations. Large accelerated filer. Principal executive office: 66 Hudson Boulevard East, New York, NY 10001-2192. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 62,579 | 63,627 | 50,914 |
| Cost of revenues | 16,067 | 17,851 | 24,954 |
| Research and development | 10,437 | 10,822 | 10,679 |
| Selling, general and administrative | 13,794 | 14,730 | 14,771 |
| Depreciation and amortization | 6,592 | 7,013 | 6,290 |
| Interest expense | 2,671 | 3,091 | 2,209 |
| Income before income taxes | 7,520 | 8,023 | 1,058 |
| Income taxes | (266) | (28) | (1,115) |
| Net income | 7,771 | 8,031 | 2,119 |
| Earned per share, diluted ($) | 1.36 | 1.41 | 0.37 |
| Dividends per share ($) | 1.72 | 1.69 | 1.65 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,142 | 1,043 |
| Receivables, net | 11,874 | 11,463 |
| Inventories | 10,654 | 10,851 |
| Total current assets | 42,898 | 50,358 |
| Property, plant and equipment, net | 19,317 | 18,393 |
| Goodwill | 71,264 | 68,527 |
| Total assets | 208,160 | 213,396 |
| Total current liabilities | 36,984 | 42,995 |
| Long-term debt | 61,641 | 57,405 |
| Total liabilities | 121,385 | 124,899 |
| Stockholders' equity | 86,476 | 88,203 |
| Total liabilities and equity | 208,160 | 213,396 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 62,579 | – | 7,771 | 12.4 | 1.36 | 1.72 | 11,704 | 2,629 | 9,075 | 208,160 | 121,385 | 64,638 | 86,476 | 9.0 | 0.75 |
| 12/31/24 | 63,627 | – | 8,031 | 12.6 | 1.41 | 1.69 | 12,744 | 2,909 | 9,835 | 213,396 | 124,899 | 63,605 | 88,203 | 9.1 | 0.72 |
| 12/31/23 | 59,553 | – | 2,119 | 3.6 | 0.37 | 1.65 | 8,700 | 3,907 | 4,793 | 226,501 | 137,213 | 71,757 | 89,014 | 2.4 | 0.81 |
| 12/31/22 | 101,175 | – | 31,372 | 31.0 | 5.47 | 1.61 | 29,267 | 3,236 | 26,031 | 197,205 | 101,288 | 35,444 | 95,661 | 32.8 | 0.37 |
| 12/31/21 | 81,288 | – | 21,979 | 27.0 | 3.85 | 1.57 | 32,580 | 2,711 | 29,869 | 181,476 | 104,013 | 37,831 | 77,201 | 28.5 | 0.49 |
| 12/31/20 | 41,651 | – | 9,159 | 22.0 | 1.63 | 1.53 | 14,403 | 2,226 | 12,177 | 154,229 | 90,756 | 4,556 | 63,238 | 14.5 | 0.07 |
| 12/31/19 | 40,905 | – | 16,026 | 39.2 | 2.82 | 1.46 | 12,588 | 2,046 | 10,542 | 167,594 | 104,148 | 51,332 | 63,143 | 25.4 | 0.81 |
| 12/31/18 | 40,825 | – | 11,153 | 27.3 | 1.87 | 1.38 | 15,827 | 1,984 | 13,843 | 159,422 | 95,664 | 40,785 | 63,407 | 17.6 | 0.64 |
| 12/31/17 | 52,546 | – | 21,308 | 40.6 | 3.52 | 1.30 | 16,802 | 1,956 | 14,846 | 171,797 | 100,141 | 43,184 | 71,308 | 29.9 | 0.61 |
| 12/31/16 | 52,824 | – | 7,215 | 13.7 | 1.17 | 1.22 | 16,192 | 1,823 | 14,369 | 171,615 | 111,776 | 37,198 | 59,544 | 12.1 | 0.62 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
PFIZER INC
CIK 78003 · EIN 13-5315170
PRINCIPAL OFFICE:
66 Hudson Boulevard East, New York, NY 10001-2192
Tel.: 2127332323
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
2834 · Pharmaceutical Preparations
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 26 February 2026
FORMER NAMES:
PFIZER INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.