Pfizer (PFE) Capital Expenditures (2009 - 2026)

Pfizer (PFE) posted quarterly Capital Expenditures of $436.0 million for Q1 2026, down 22.7% YoY from $564.0 million in Q1 2025, and down 48.4% sequentially from $845.0 million in Q4 2025.

Pfizer (PFE) Capital Expenditures (2009 - 2026) Analysis & Trends

Pfizer has disclosed Capital Expenditures across 18 years of filings, most recently posting $436.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures fell 22.7% year-over-year to $436.0 million; the TTM figure through Mar 2026 stood at $2.5 billion (down 35.82% YoY), while the FY2025 annual figure was $2.6 billion, down 9.63% from the prior year.
  • Capital Expenditures slipped to $436.0 million in Q1 2026, from $845.0 million in the prior quarter.
  • Over the last five years, Capital Expenditures for PFE reached as high as $2.2 billion in Q4 2022 and fell as low as $436.0 million in Q1 2026.
  • The 5-year median for Capital Expenditures is $751.0 million (2022), against an average of $928.9 million.
  • Annual changes were most pronounced in 2024 — Capital Expenditures soared 145.93% — and 2025, when it sank 69.78%.
  • A 5-year view of Capital Expenditures shows it stood at $2.2 billion in 2022, then plunged by 53.29% to $1.0 billion in 2023, then surged by 90.8% to $2.0 billion in 2024, then sank by 57.58% to $845.0 million in 2025, then sank by 48.4% to $436.0 million in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered $436.0 million, $845.0 million, and $602.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 2.33 Bn
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 1.05 Bn
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 265.00 Mn
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn -547.00 Mn
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 991.00 Mn
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 712.00 Mn
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 117.00 Mn
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 436.00 Mn
9 Novartis Ag 113.45 Bn 113.67 Bn - -346.00 Mn
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn 51.20 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 436.00 Mn
Mar 29, 2026 436.00 Mn
Dec 31, 2025 845.00 Mn
Dec 31, 2025 845.00 Mn
Sep 28, 2025 602.00 Mn
Sep 28, 2025 602.00 Mn
Jun 29, 2025 618.00 Mn
Jun 29, 2025 618.00 Mn
Mar 30, 2025 564.00 Mn
Mar 30, 2025 564.00 Mn
Sep 29, 2024 1.99 Bn
Sep 29, 2024 1.99 Bn
Jun 30, 2024 637.00 Mn
Jun 30, 2024 637.00 Mn
Mar 31, 2024 704.00 Mn
Mar 31, 2024 704.00 Mn
Dec 31, 2023 1.04 Bn
Dec 31, 2023 1.04 Bn
Jul 2, 2023 914.00 Mn
Jul 2, 2023 914.00 Mn