What is Pfizer's net margin?

Pfizer (PFE) reported net margin of 15.7% in Q3 2025.

What does net margin mean?

The share of every sales dollar that becomes bottom-line profit.

How do you interpret net margin?

Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.

How does net margin compare across companies?

Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.

Pfizer PFE Net margin

Net margin at other companies

Bristol-Myers SquibbBMY

15%+3.8pp

Eli LillyLLY

35%+12.3pp

Johnson & JohnsonJNJ

21.8%-2.6pp

Merck & Co.MRK

13.6%-13.7pp

AmgenAMGN

21%+3.6pp

IncyteINCY

26.7%+26.2pp

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

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.

net income/total revenue=15.7%

Based on trailing twelve months.

The official record: Pfizer’s 10-Q, filed November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pfizer's net margin?: Pfizer (PFE) reported net margin of 15.7% in Q3 2025.
What does net margin mean?: The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?: Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?: Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.