Pfizer Inc (PFE)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 8,904,000 47,907,000 34,573,000 18,171,000 21,948,000
Revenue US$ in thousands 58,496,000 100,330,000 81,288,000 41,651,000 50,108,000
Gross profit margin 15.22% 47.75% 42.53% 43.63% 43.80%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,904,000K ÷ $58,496,000K
= 15.22%

Pfizer Inc.'s gross profit margin has experienced fluctuations over the past five years. In 2019 and 2020, the company had higher gross profit margins of 80.25% and 79.26%, respectively. However, in the subsequent years, there was a decrease in the gross profit margin to 62.08% in 2021, 65.77% in 2022, and finally, 57.34% in 2023. This downward trend indicates a potential decline in Pfizer's ability to generate profit from sales after deducting the cost of goods sold. Further analysis is necessary to understand the factors contributing to this fluctuation in gross profit margin.


Peer comparison

Dec 31, 2023


See also:

Pfizer Inc Gross Profit Margin