Pfizer ROE %

: 29.59% (As of Mar. 2021)

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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Pfizer's annualized net income attributable to common stockholders for the quarter that ended in Mar. 2021 was $19,508 Mil. Pfizer's average Total Stockholders Equity over the quarter that ended in Mar. 2021 was $65,929 Mil. Therefore, Pfizer's annualized ROE % for the quarter that ended in Mar. 2021 was 29.59%.

NYSE:PFE' s ROE % Range Over the Past 10 Years
Min: 10.23 Med: 15.89 Max: 32.57
Current: 16.99

10.23

32.57

During the past 13 years, Pfizer's highest ROE % was 32.57%. The lowest was 10.23%. And the median was 15.89%.

NYSE:PFE's ROE % is ranked higher than
82% of the 996 Companies
in the Drug Manufacturers industry.

( Industry Median: 4.05 vs. NYSE:PFE: 16.99 )

Pfizer ROE % Historical Data

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pfizer Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROE %

11.61

32.57

16.56

25.72

15.22

Pfizer Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
ROE %																20.94	21.19	13.54	3.70	29.59

Competitive Comparison

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.

Annual Data Quarterly Data

Pfizer ROE % Distribution

* The bar in red indicates where Pfizer's ROE % falls into.

Pfizer ROE % Calculation

Pfizer's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %	=	Net Income attributable to Common Stockholders (A: Dec. 2020 )	/	( (Total Stockholders Equity (A: Dec. 2019 )	+	Total Stockholders Equity (A: Dec. 2020 ))	/ count )
	=	9616	/	( (63143	+	63238)	/ 2 )
	=	9616	/	63190.5
	=	15.22 %

Pfizer's annualized ROE % for the quarter that ended in Mar. 2021 is calculated as

ROE %	=	Net Income attributable to Common Stockholders (Q: Mar. 2021 )	/	( (Total Stockholders Equity (Q: Dec. 2020 )	+	Total Stockholders Equity (Q: Mar. 2021 ))	/ count )
	=	19508	/	( (63238	+	68620)	/ 2 )
	=	19508	/	65929
	=	29.59 %

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Mar. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.

Pfizer (NYSE:PFE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %^**		(Q: Mar. 2021 )
=	Net Income	/	Total Stockholders Equity
=	19508	/	65929
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(19508 / 58328)	*	(58328 / 156523.5)	*	(156523.5 / 65929)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	33.45 %	*	0.3726	*	2.3741
=	ROA %	*	Equity Multiplier
=	12.46 %	*	2.3741
=	29.59 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %^**		(Q: Mar. 2021 )
=	Net Income	/	Total Stockholders Equity
=	19508	/	65929
=	(Net Income /Pre-Tax Income)	*	(Pre-Tax Income/Operating Income)	*	(Operating Income/Revenue)	*	(Revenue/Total Assets)	*	(Total Assets/Total Stockholders Equity)
=	(19508 / 22732)	*	(22732 / 18808)	*	(18808 / 58328)	*	(58328 / 156523.5)	*	(156523.5 / 65929)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.8582	*	1.2086	*	32.25 %	*	0.3726	*	2.3741
=	29.59 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Mar. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Mar. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

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