Pfizer Inc (PFE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,119,000 | 31,372,000 | 21,979,000 | 9,159,000 | 16,026,000 |
| Revenue | US$ in thousands | 58,496,000 | 100,330,000 | 81,288,000 | 41,651,000 | 50,108,000 |
| Net profit margin | 3.62% | 31.27% | 27.04% | 21.99% | 31.98% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,119,000K ÷ $58,496,000K
= 3.62%
The net profit margin of Pfizer Inc. has displayed fluctuations over the past five years. In 2023, the net profit margin decreased to 3.62% from the previous year's significant high of 31.27% in 2022. Despite the drop, the net profit margin remained positive, but notably lower compared to the margins seen in 2021 (27.04%), 2020 (22.94%), and 2019 (31.44%). This downward trend in net profit margin could be attributed to various factors such as changes in revenue, expenses, or operational efficiency. Further analysis and context would be required to understand the specific reasons behind this fluctuation.
Peer comparison
Dec 31, 2023