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PFEPfizer

Health care · Pharmaceuticals · NYSE

Pfizer Inc. is a research-based, global biopharmaceutical company. 10-K, Item 1

Employees
75,000
Headquarters
New York, NY
CEO
Albert Bourla
Next results
around Feb 2, 2027
Compare with peers → Embed
RevenueFY2016–25 $62.6B−1.6% FY2024: $63.6B 10-K FY2025 · XBRL Net incomeFY2016–25 $7.8B−3.2% FY2024: $8.0B 10-K FY2025 · XBRL Free cash flowFY2016–25 $9.1B−7.7% FY2024: $9.8B 10-K FY2025 · XBRL

What changed

10-K filed Feb 26, 2026 against Feb 27, 2025
AreaWhat changedSource
Risk factors6 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Accounting checks11 other checks clear10-K · XBRL
Insiders1 open-market buy in the last 90 daysForm 4
Filings3 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 26, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-27. Quoted as filed.

  1. Some payers are directing beneficiaries to third-party patient assistance programs, rather than covering certain treatments. In other instances, insurers disallow manufacturers’ co-pay assistance from counting toward reaching the deductible or out-of-pocket maximum. Both approaches can delay access to treatment or result in treatment…
    10-K, Item 1A
All 6 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

  • ✓
    Receivables +3.6% vs revenue -1.6% (+5.2 pts)
  • ✓
    Cash from operations $11.7B vs net income $7.8B (FY ending 2025-12-31)
  • ✓
    Inventory -1.8% vs revenue -1.6% (-0.2 pts)
  • ✓
    Same auditor in both 10-Ks: KPMG LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    The same matters as last year: Evaluation of the U.S. Medicare, Medicaid, and performance-based contract rebates accrual; Evaluation of gross unrecognized tax benefits
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →
  • Nov 3, 2026Officer CFO change (the “Company”) announced that the Board of Directors of the Company unanimously elected Cecile Guegan to serve as Chief Financial Officer, Executive Vice President of the Company, effective November 1, 2026 (the “Effective Date”).
  • Nov 3, 20268-K Quarterly results 8-K item 2.02
  • Nov 3, 202610-Q Quarterly report (10-Q) period ended Sep 27, 2026

Work on PFE in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PFE/export.csv") into a cell.