Comments
idkwhatimbrewin t1_j01ck62 wrote
How much of the difference was only due to Pfizer's covid vaccine though? 2023 will be a totally different story
Interesting-Month-56 t1_j01eqnf wrote
The title of the data image is awesome.
Interesting-Month-56 t1_j01f6w4 wrote
This isn’t surprising since Pfizer is a narrowly focused value added chemical manufacturer (pharma), and J&J is a consolidated heath qnd pharma supplier. Basically J&J has a conglomerate business and Pfizer doesnt.
JoshAGould t1_j01j4ea wrote
Actually getting reasonably taxed? I think this is the first breakdown I've seen where a 'normal' tax rate has been applied - or at least is expected.
almightygarlicdoggo t1_j01oiqg wrote
It's interesting how despite the US having about half the population of Europe, these companies make twice the revenue in the US.
As an outsider, it seems like the US healthcare industry is straight up scamming people.
Also, I'm willing to bet that due to universal healthcare in EU, people are more prone to go to the doctor and consume more medication.
neurodiverseotter t1_j0276oe wrote
I think when the budget for marketing is almost twice the budget for R&D, something is kinda wrong...
ersioo t1_j02f4gk wrote
“provision” for tax. Gotta keep it to the side for a couple of years in case they come knockin
JoshAGould t1_j02fkza wrote
Yeah that is why I specified 'or at least expected.'
heathen12341 t1_j02r49d wrote
Vaccine was so good they had to force people to take it
Fluffy-Detective-270 t1_j02rxdf wrote
Could someone explain what the "cost of sales" is? The actual price of production?
ItchyTheAssHole t1_j0306ls wrote
Right. A fair comparison would be Pfizer vs Janssen (their pharma company), Not JnJ.
[deleted] t1_j03v0gi wrote
Provision for tax is the same thing as income tax expense
[deleted] t1_j03wjpk wrote
Looks like it was mainly from a lawsuit settlement and selling part of a business. Their actual tax rate was probably much lower
FeynmansMiniHands t1_j0432v5 wrote
Am I wrong or does the net profit and tax not add up to the EBIT?
Colorado_Rat t1_j05e850 wrote
You should show how much they make from the Covid vaccine.
giteam OP t1_j01ajae wrote
Source
Newsletter
Tools: Figma Sankey
Johnson & Johnson, another pharmaceutical giant, pulled in $1bn more revenue in Q3 than Pfizer, yet they 'only' had a 19% net profit margin compared to Pfizer's 38%
Pfizer chart here