In recent years, Pfizer has emerged as the largest Big Pharma firm. In 2022, its revenue surpassed $100 billion for the first time. But even though the pandemic has cemented the company as a leading pharmaceutical powerhouse — with a healthy M&A appetite — it does not count among the upper echelon of public companies by market capitalization. The Pfizer market cap analysis below shows the company’s ups and downs.
The situation, however, was different in 2000, when Pfizer was the ninth largest company with a market share of $202 billion — approximately $357.54 billion today, according to an analysis from City Index, a financial services firm. The data below comes courtesy of City Index.
While Pfizer’s market cap surged from 2020 to December 2021, it began to fall in early 2022. The main driver of the decrease is plunging demand for Pfizer’s COVID vaccine and Paxlovid. In the second quarter of 2023, the company reported revenue of $12.7 billion,…