Pfizer (PFE) Debt to Equity (2009 - 2026)

Pfizer (PFE) posted quarterly Debt to Equity of $0.72 for Q1 2026, up 4.39% YoY from $0.69 in Q1 2025, and down 4.53% sequentially from $0.75 in Q4 2025.

Pfizer (PFE) Debt to Equity (2009 - 2026) Analysis & Trends

Pfizer has disclosed Debt to Equity across 18 years of filings, most recently posting $0.72 for Q1 2026.

  • In Q1 2026, Debt to Equity rose 4.39% year-over-year to $0.72; the TTM figure through Mar 2026 stood at $0.72 (up 4.39% YoY), while the FY2025 annual figure was $0.75, up 3.7% from the prior year.
  • Debt to Equity eased to $0.72 in Q1 2026, from $0.75 in the prior quarter.
  • Over the last five years, Debt to Equity for PFE reached as high as $0.81 in Q4 2023 and fell as low as $0.35 in Q2 2023.
  • The 5-year median for Debt to Equity is $0.69 (2025), against an average of $0.63.
  • Annual changes were most pronounced in 2022 — Debt to Equity slumped 64.38% — and 2023, when it soared 115.54%.
  • A 5-year view of Debt to Equity shows it stood at $0.37 in 2022, then soared by 115.54% to $0.81 in 2023, then dropped by 10.25% to $0.72 in 2024, then advanced by 3.7% to $0.75 in 2025, then fell by 4.53% to $0.72 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.72, $0.75, and $0.66 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 1.39
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 0.68
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn -9.70
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn -
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 1.07
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 6.24
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 0.94
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 0.72
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -

Historic Data

Download Data
DateValue
Mar 29, 2026 0.72
Dec 31, 2025 0.75
Sep 28, 2025 0.66
Jun 29, 2025 0.69
Mar 30, 2025 0.69
Dec 31, 2024 0.72
Sep 29, 2024 0.73
Jun 30, 2024 0.79
Mar 31, 2024 0.75
Dec 31, 2023 0.81
Jul 2, 2023 0.66
Apr 2, 2023 0.35
Dec 31, 2022 0.37
Jul 3, 2022 0.46
Apr 3, 2022 0.44
Dec 31, 2021 0.49
Oct 3, 2021 1.11
Jul 4, 2021 0.56
Apr 4, 2021 0.58
Dec 31, 2020 0.63