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Pfizer PFE Free cash flow margin

Free cash flow margin at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
24.6%-2.9pp
Eli Lilly logo
Eli LillyLLY
16.4%+8.7pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
18.5%-4.3pp
Merck & Co. logo
Merck & Co.MRK
21.5%-5.2pp
Amgen logo
AmgenAMGN
23.1%-8.9pp
Incyte logo
IncyteINCY
28.2%+19.7pp

Other financials

Income statement

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Revenue$14.5B+5.4%
Gross profit$10.9B+0.3%
Net income$2.7B-9.4%
EPS (diluted)$0.47-9.6%

Balance sheet

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Cash & equivalents$1.8B+18.8%
Total debt$64.4B+5.0%
Total equity$90.1B-0.3%
Total assets$207.62B-0.2%

Cash flow

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Operating cash flow$2.6B+12.0%
CapEx$436.0M-22.7%
Free cash flow$2.2B+23.0%

Valuation

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Market cap$147.73B+11.1%
Enterprise value$210.4B+9.2%
P/E12.2×
P/S2.3×+0.2×

Profitability

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Gross margin73.5%+1.2pp
Net margin15.7%

Returns & leverage

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Return on equity10.6%
Debt / equity0.7×0.0×
Current ratio1.2×0.0×

Where this comes from

Calculated from Pfizer’s reported figures.

Based on trailing twelve months.

The official record: Pfizer’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pfizer's free cash flow margin?
Pfizer (PFE) reported free cash flow margin of 18% in Q1 2025.
How has Pfizer's free cash flow margin changed year-over-year?
Pfizer's free cash flow margin increased by 96.8% year-over-year, from 9.1% to 18%.
What is the long-term trend for Pfizer's free cash flow margin?
Over 3 years (2021 to 2024), Pfizer's free cash flow margin has grown at a -31.8% compound annual growth rate (CAGR), from 147.6% to 46.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.