Business Segments · Cost of Sales

International Combustibles — Cost of Sales

Philip Morris International International Combustibles — Cost of Sales increased by 1.1% to $1.85B in Q1 2026 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2025
Last reportedQ1 2026

How to read this metric

Lower costs relative to revenue indicate improved manufacturing efficiency, whereas rising costs may signal inflationary pressures or supply chain inefficiencies.

Detailed definition

This includes the direct costs associated with manufacturing and distributing combustible tobacco products, including ra...

Peer comparison

Standard cost of goods sold metric used across the consumer packaged goods and tobacco industries.

Metric ID: pm_segment_international_combustibles_cost_of_sales

Historical Data

2 periods
 Q1 '25Q1 '26
Value$1.83B$1.85B
QoQ Change+1.1%
YoY Change+1.1%
Range$1.83B$1.85B
Avg YoY Growth+1.1%
Median YoY Growth+1.1%

Frequently Asked Questions

What is Philip Morris International's international combustibles — cost of sales?
Philip Morris International (PM) reported international combustibles — cost of sales of $1.85B in Q1 2026.
What does international combustibles — cost of sales mean?
The direct costs incurred to manufacture and supply international cigarette products.