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AbbVie vs Pfizer: revenue, profit, margins and growth compared

AbbVie brought in $61.2B of revenue in fiscal 2025, Pfizer $62.6B in fiscal 2025. Revenue changed by +8.6% at AbbVie and -1.6% at Pfizer on the year before, so AbbVie grew faster. AbbVie kept 6.9% of its revenue as net profit, Pfizer 12.4%. Free cash flow was $17.8B at AbbVie and $9.1B at Pfizer.

Side by side, latest fiscal year

ABBVPFE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$61.2B$62.6B
Revenue growth+8.6%-1.6%
Net income$4.2B$7.8B
Net margin6.9%12.4%
Free cash flow$17.8B$9.1B
Free cash flow margin29.1%14.5%
Earnings per share (diluted)$2.36$1.36
Cash$5.2B$1.1B
Debt$64.5B$64.6B
Price to earnings112.021.1
Market value$467.1B$163.4B
Dividend yield2.52%6.00%
Rank by revenue in sector#14 of 523 · Health care#13 of 523 · Health care

Over the years

Revenue
ABBV FY2018: $32.8BABBV FY2019: $33.3BABBV FY2020: $45.8BABBV FY2021: $56.2BABBV FY2022: $58.1BABBV FY2023: $54.3BABBV FY2024: $56.3BABBV FY2025: $61.2BPFE FY2018: $40.8BPFE FY2019: $40.9BPFE FY2020: $41.7BPFE FY2021: $81.3BPFE FY2022: $101.2BPFE FY2023: $59.6BPFE FY2024: $63.6BPFE FY2025: $62.6BFY18FY19FY20FY21FY22FY23FY24FY25
ABBV $61.2BPFE $62.6B
Net income
ABBV FY2018: $5.7BABBV FY2019: $7.9BABBV FY2020: $4.6BABBV FY2021: $11.5BABBV FY2022: $11.8BABBV FY2023: $4.9BABBV FY2024: $4.3BABBV FY2025: $4.2BPFE FY2018: $11.2BPFE FY2019: $16BPFE FY2020: $9.2BPFE FY2021: $22BPFE FY2022: $31.4BPFE FY2023: $2.1BPFE FY2024: $8BPFE FY2025: $7.8BFY18FY19FY20FY21FY22FY23FY24FY25
ABBV $4.2BPFE $7.8B
Net margin
ABBV FY2018: 17.4%ABBV FY2019: 23.7%ABBV FY2020: 10.1%ABBV FY2021: 20.5%ABBV FY2022: 20.4%ABBV FY2023: 9.0%ABBV FY2024: 7.6%ABBV FY2025: 6.9%PFE FY2018: 27.3%PFE FY2019: 39.2%PFE FY2020: 22.0%PFE FY2021: 27.0%PFE FY2022: 31.0%PFE FY2023: 3.6%PFE FY2024: 12.6%PFE FY2025: 12.4%FY18FY19FY20FY21FY22FY23FY24FY25
ABBV 6.9%PFE 12.4%
Revenue growth
ABBV FY2019: +1.6%ABBV FY2020: +37.7%ABBV FY2021: +22.7%ABBV FY2022: +3.3%ABBV FY2023: -6.4%ABBV FY2024: +3.7%ABBV FY2025: +8.6%PFE FY2019: +0.2%PFE FY2020: +1.8%PFE FY2021: +95.2%PFE FY2022: +24.5%PFE FY2023: -41.1%PFE FY2024: +6.8%PFE FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25
ABBV +8.6%PFE -1.6%
Free cash flow
ABBV FY2018: $12.8BABBV FY2019: $12.8BABBV FY2020: $16.8BABBV FY2021: $22BABBV FY2022: $24.2BABBV FY2023: $22.1BABBV FY2024: $17.8BABBV FY2025: $17.8BPFE FY2018: $13.8BPFE FY2019: $10.5BPFE FY2020: $12.2BPFE FY2021: $29.9BPFE FY2022: $26BPFE FY2023: $4.8BPFE FY2024: $9.8BPFE FY2025: $9.1BFY18FY19FY20FY21FY22FY23FY24FY25
ABBV $17.8BPFE $9.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about AbbVie and Pfizer

Which is bigger by revenue, AbbVie or Pfizer?

Pfizer is bigger by revenue: $62.6B in fiscal 2025, against $61.2B for AbbVie in fiscal 2025.

Which keeps more of its revenue as profit, AbbVie or Pfizer?

AbbVie had a net margin of 6.9% in fiscal 2025; Pfizer had 12.4% in fiscal 2025.

Which grew revenue faster, AbbVie or Pfizer?

In their latest fiscal years revenue changed by +8.6% at AbbVie and -1.6% at Pfizer.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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