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.