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Pfizer

PFE

Pfizer will have to find a way to boost profits that doesn’t entail cutting its tax bill. In early 2016, the U.S. Treasury Department scuttled its planned inversion with Ireland-based Allergan, which would have moved the Big Pharma company’s headquarters overseas. The New York-based drug maker, which benefited from its blockbuster medication Lipitor before it went off patent, was hoping to reduce its tax rate through the $150 billion deal, which would have been the largest pharmaceutical merger in history. Instead, Pfizer will have to focus on reviving its core business, which has been in decline. The company’s sales dropped 1.5% in 2015 as it still deals with the impact of patent expirations on some of its biggest drugs. Its profits, meanwhile, fell nearly 24%, largely due to a surge in acquisition-related costs, which more than quintupled from the previous year due to Pfizer’s purchase of Hospira in early 2015. Pfizer’s stock fell 14.2% in 2015, a result of its performance as well as concerns that drug price regulation could hamper its profitability.

CEO

Ian C. Read

Sector

Health Care

Industry

Pharmaceuticals

HQ Location

New York, NY

Years on Fortune 500 List

22

Employees

97,900

Pfizer is also featured in these fortune lists
Acquired Hospira (2014 rank: 575), Sept. 3, 2015.
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$48,851-1.5%
Profits ($M)$6,960-23.8%
Assets ($M)$167,460
Total Stockholder Equity ($M)$64,720
Market Value — as of March 31, 2016 ($M)$183,298
Profit Ratios
Profit as % of Revenues14.2%
Profits as % of Assets4.2%
Profits as % of Stockholder Equity10.8%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.11
EPS % Change (from 2014)-21.8%
EPS % Change (5 year annual rate)1.7%
EPS % Change (10 year annual rate)0.2%
Total Return
Total Return to Investors (2015)7.1%
Total Return to Investors (5 year, annualized)17.1%
Total Return to Investors (10 year, annualized)7.8%
STOCK QUOTE
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Pfizer

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Pfizer's Medivation Deal May Not Be Enough

The deal may even raise its taxes instead of lowering them.

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Pfizer 'In Advanced Talks' to Acquire Medivation for About $14 Billion

Pfizer has agreed to pay a little more than $80 per share for Medivation, a source said.

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Videos about Pfizer

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Here’s What Congress Can Do About Mega-Mergers

On the heels of Pfizer and Allergan calling off a $160 billion deal

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Here's How Much Pfizer Paid Allergan Over the Merger Scrap

It would have created the largest drug company in the world.

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