Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Pfizer Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 31, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021
Cash and cash equivalents
Short-term investments
Trade accounts receivable, net of allowance for doubtful accounts
Inventories
Current tax assets
Other current assets
Current assets
Long-term investments
Property, plant and equipment, net of accumulated depreciation
Identifiable intangible assets, net
Goodwill
Noncurrent deferred tax assets and other noncurrent tax assets
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04).


The composition of assets for the observed period reveals several noteworthy trends. Current assets, as a percentage of total assets, exhibited volatility, peaking at 36.22% in October 2022 before declining to 20.61% by December 2025. Conversely, noncurrent assets generally comprised the majority of the asset base, fluctuating between approximately 63.78% and 82.50% over the analyzed timeframe.

Liquidity – Current Assets
Within current assets, cash and cash equivalents remained relatively stable, generally between 0.33% and 1.46% of total assets, with a notable decrease towards the end of the period. Short-term investments demonstrated significant fluctuation, peaking at 19.15% in July 2023, but declining substantially to 5.98% by December 2025. Trade accounts receivable showed a general upward trend from 4.65% in April 2023 to 6.83% in September 2025, suggesting potential changes in credit terms or sales patterns. Inventories remained relatively consistent, fluctuating between 4.50% and 5.66% of total assets. Current tax assets experienced a decline from 2.35% in December 2021 to 1.91% in December 2025, while other current assets showed a decreasing trend over the period.

Long-term investments decreased from 12.74% in April 2021 to 0.78% in December 2025, indicating a potential shift in investment strategy or liquidation of assets. Property, plant, and equipment remained a consistent component, ranging from 7.81% to 9.28% of total assets, with a slight upward trend towards the end of the period. Identifiable intangible assets exhibited considerable variation, increasing from 13.86% in December 2021 to 28.65% in December 2023, before decreasing to 25.81% in December 2025. Goodwill consistently represented a substantial portion of the asset base, fluctuating between 23.96% and 34.24%.

Noncurrent Assets – Tax & Other
Noncurrent deferred tax assets and other noncurrent tax assets showed an increasing trend, rising from 1.60% in April 2021 to 5.29% in September 2025. Other noncurrent assets also demonstrated an upward trend, increasing from 2.99% to 4.63% over the same period. These increases suggest potential changes in tax planning or the accumulation of long-term assets.

Overall, the asset composition demonstrates a shift away from liquid assets and long-term investments towards intangible assets and goodwill, alongside increasing noncurrent tax assets. The fluctuations observed suggest active asset management and potential strategic adjustments throughout the analyzed period.