Stock Analysis on Net
Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

Microsoft Excel
Jun 28, 2026 Mar 29, 2026 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-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 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).


Total assets exhibited a growth trajectory from April 2021, rising from 158.8 billion US$ to a peak of 226.5 billion US$ in December 2023. Following this peak, a gradual contraction is observed, with total assets declining to 201.1 billion US$ by June 2026. This pattern indicates a period of significant asset accumulation followed by a phase of balance sheet stabilization or divestment.

Liquidity and Short-Term Asset Trends
Current assets showed substantial volatility, reaching a maximum of 74 billion US$ in July 2023. A critical shift occurred between October and December 2023, characterized by a sharp reduction in short-term investments from 41 billion US$ to 9.8 billion US$. Cash and cash equivalents also experienced fluctuations, maintaining a relatively low baseline compared to the volatility seen in short-term investment vehicles.
Strategic Capital Deployment and Intangibles
A significant increase in noncurrent assets is evident starting in December 2023. Identifiable intangible assets surged from 40.2 billion US$ in October 2023 to 64.9 billion US$ in December 2023, while goodwill rose from 51.5 billion US$ to 67.8 billion US$ in the same period. This simultaneous spike in intangibles and goodwill, paired with the depletion of short-term investments, indicates a large-scale acquisition or strategic merger during the final quarter of 2023.
Long-Term Investment and Fixed Asset Evolution
Long-term investments underwent a dramatic reduction, falling from 14.2 billion US$ in October 2023 to 15.4 billion US$ in December 2023 and then plummeting to 2.2 billion US$ by December 2024, remaining low through 2026. Conversely, property, plant, and equipment (net) demonstrated a steady upward trend, growing from 14.0 billion US$ in 2021 to 19.0 billion US$ by June 2026, suggesting consistent capital expenditure in physical infrastructure.
Operational Asset Stability
Trade accounts receivable and inventories remained relatively stable over the analyzed period. Inventories grew moderately from 8.5 billion US$ in early 2021 to a peak of 11.7 billion US$ in September 2024 before settling at 9.9 billion US$ by June 2026. Trade receivables fluctuated within a range of 9.8 billion US$ to 16.1 billion US$, indicating consistent operational scaling relative to revenue cycles.
Tax Asset Dynamics
Noncurrent deferred tax assets and other noncurrent tax assets showed a long-term increasing trend, rising from 2.5 billion US$ in April 2021 to 10.8 billion US$ by June 2026, despite a temporary dip in December 2023. This suggests an accumulation of future tax benefits or changes in tax jurisdictions and obligations over time.

Assets: Selected Items


Current Assets: Selected Items