Amgen Inc. (AMGN) vs Pfizer Inc. (PFE)

A side-by-side comparison of Amgen Inc. and Pfizer Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnAMGN vs PFE

growth of $100 · dividends reinvested · last 10y
AMGN +197.8% (+11.5%/yr)PFE +37.0% (+3.2%/yr)AMGN compounded faster over this window
100200300Start $10020182020202220242026$298$137
AMGN PFE

AMGN vs PFE: by the numbers

  • AMGN is the larger company ($202.74B vs $157.02B market cap).
  • AMGN trades at the lower trailing earnings multiple (23.35 vs 36.40 P/E), one valuation lens rather than an overall verdict.
  • AMGN converts more revenue to profit (22.93% vs 6.81% net margin).
  • AMGN grew revenue faster over the past five years (8.39% vs 6.29% CAGR).
  • PFE pays the higher dividend yield (6.20% vs 2.63%).

Metrics side by side

Valuation

MetricAMGNPFE
P/E ratio23.3536.40
Forward P/E16.289.26
P/S ratio5.322.47
P/B ratio17.351.84
EV / EBITDAN/A10.11
FCF yield5.02%7.00%

Profitability

MetricAMGNPFE
Gross margin72.65%71.32%
Operating margin33.18%25.08%
Net margin22.93%6.81%
ROE74.80%5.09%
ROIC14.22%9.33%

Dividends

MetricAMGNPFE
Dividend yield2.63%6.20%
Payout ratio61.78%227.27%

Growth (annualized)

MetricAMGNPFE
Revenue CAGR (5Y)8.39%6.29%
EPS CAGR (5Y)2.94%-3.78%
FCF CAGR (5Y)-3.91%-3.11%
Total return CAGR (5Y)15.58%-4.53%

Frequently asked

Which has the lower trailing P/E, AMGN or PFE?
AMGN has the lower trailing P/E: AMGN trades at 23.35 and PFE at 36.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMGN or PFE?
Over the past five years, AMGN grew revenue faster — AMGN at a 8.39% CAGR versus PFE at 6.29%.
Does AMGN or PFE pay a bigger dividend?
AMGN yields 2.63% and PFE yields 6.20% based on trailing dividends and the latest price.
Is AMGN or PFE more profitable?
AMGN runs the higher net margin — AMGN at 22.93% versus PFE at 6.81%.
How have AMGN and PFE total returns compared?
Over the past 10 years, AMGN delivered 11.80% and PFE delivered 3.15% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.