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| Date | Value |
|---|---|
| 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 |