Pfizer balance sheet

At the end of fiscal 2025, Pfizer had total assets of $208.16bn, total liabilities of $121.39bn and shareholders' equity of $86.48bn. It held $1.14bn in cash against $64.80bn of debt.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Pfizer: balance sheet, annual
Fiscal year	2007Dec 2007	2008Dec 2008	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	3.4	2.1	2.0	1.7	3.2	10.1	2.2	2.6	1.3	1.1	1.1	1.8	1.9	0.4	2.9	1.0	1.1	1.8
Receivables	—	9.0	14.6	13.4	13.1	10.7	9.4	8.2	8.2	8.0	6.8	7.9	11.5	11.0	11.6	11.5	11.9	14.2
Inventory	—	4.4	12.4	8.3	6.6	6.1	6.2	6.8	7.6	7.5	7.1	8.0	9.1	9.0	10.2	10.9	10.7	10.0
Total current assets	—	43.1	61.7	61.0	60.8	64.8	56.2	38.9	41.1	49.9	32.8	35.1	59.7	51.3	43.3	50.4	42.9	45.0
Goodwill	—	21.5	42.4	43.4	44.6	43.7	42.5	54.4	56.0	42.9	48.2	49.6	49.2	51.4	67.8	68.5	71.3	71.5
Total assets	—	111.1	212.9	195.0	188.0	185.8	172.1	171.6	171.8	159.4	167.6	154.2	181.5	197.2	226.5	213.4	208.2	204.5
Accounts payable	—	1.8	4.4	4.0	3.7	2.9	3.2	4.5	4.7	4.7	3.9	4.3	5.6	6.8	6.7	5.6	5.2	4.1
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	1.1	3.1	2.5	2.7	1.5	0.8	—
Total current liabilities	—	27.0	37.2	28.6	28.9	29.2	23.4	31.1	30.4	31.9	37.3	25.9	42.7	42.1	47.8	43.0	37.0	31.7
Short-term debt	—	9.3	5.5	5.6	4.0	6.4	6.0	10.7	10.0	8.8	16.2	2.7	2.2	2.9	10.4	6.9	3.2	2.7
Long-term debt	—	8.0	43.2	38.4	34.9	31.0	30.5	31.4	33.5	32.9	36.0	37.1	36.2	32.9	61.5	57.4	61.6	60.0
Total debt	0.0	17.3	48.7	44.0	38.9	37.5	36.5	42.1	43.5	41.7	52.2	39.8	38.4	35.8	71.9	64.4	64.8	62.7
Total liabilities	—	53.4	122.5	106.7	105.4	104.1	95.5	111.8	100.1	95.7	104.1	90.8	104.0	101.3	137.2	124.9	121.4	115.2
Shareholders' equity	65.1	57.6	90.0	87.8	82.2	81.3	76.3	59.5	71.3	63.4	63.1	63.2	77.2	95.7	89.0	88.2	86.5	89.0

US$ billions unless shown otherwise. Fiscal quarters.

Pfizer: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	11.5	11.8	12.1	14.3	11.9	12.6	12.5	14.2
Inventory	10.9	10.9	11.7	11.5	10.7	10.7	9.9	10.0
Total current assets	50.4	45.9	43.7	46.9	42.9	42.8	41.4	45.0
Goodwill	68.5	68.4	69.0	69.1	71.3	71.4	71.4	71.5
Total assets	213.4	208.0	206.1	208.7	208.2	207.6	201.1	204.5
Accounts payable	5.6	5.2	5.2	5.0	5.2	4.5	4.6	4.1
Deferred revenue (current)	1.5	1.0	1.1	0.9	0.8	—	—	—
Total current liabilities	43.0	36.5	37.7	36.6	37.0	34.3	32.6	31.7
Short-term debt	6.9	4.5	4.3	4.3	3.2	3.9	2.7	2.7
Long-term debt	57.4	57.6	57.5	57.4	61.6	60.6	60.5	60.0
Total debt	64.4	62.1	61.8	61.7	64.8	64.5	63.2	62.7
Total liabilities	124.9	117.4	117.1	115.6	121.4	117.2	115.6	115.2
Shareholders' equity	88.2	90.3	88.7	92.8	86.5	90.1	85.2	89.0

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: MRK vs PFE AZN vs PFE BMY vs PFE LLY vs PFE

More: Pharmaceuticals stocks compared, Health Care sector, rankings of US companies

Figures from Pfizer's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Pfizer.