What are Philip Morris International's profit margins?

Philip Morris International (PM) runs a 67.3% gross margin and a 36.7% operating margin, with a 26.7% net margin.

Where do Philip Morris International's ratios come from?

Every ratio is computed from Philip Morris International's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Philip Morris International PM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	67.3%+1.6pp	67.1%+2.3pp	66.9%+2.9pp	66.5%+2.6pp	65.7%+2.0pp
Operating margin	36.7%+0.5pp	36.6%+1.3pp	37%+1.9pp	36.3%+1.3pp	36.2%+3.2pp
Net margin	26.7%+5.4pp	27.9%+7.8pp	23%-3.4pp	22.6%-1.6pp	21.3%-0.9pp
Returns
Return on invested capital	34.4%+4.1pp	36.7%+5.5pp	32.9%+3.6pp	31.5%+3.5pp	30.3%+5.2pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Liquidity
Current ratio	1×+0.2×	1×+0.1×	0.8×0.0×	0.8×-0.1×	0.8×-0.2×
Leverage
Net debt / EBITDA	2.7×-0.2×	2.7×-0.1×	2.8×-0.3×	2.9×-0.1×	2.9×-0.6×
Valuation
Market capitalization	$257.69B+4.3%	$249.68B+33.4%	$252.48B+33.7%	$287.16B+82.5%	$247.06B+73.6%
Price / earnings	23.2×-7.0×	22×-2.5×	27.4×+8.2×	32.6×+14.7×	30.2×+12.3×
Price / sales	6.2×-0.2×	6.1×+1.2×	6.3×+1.2×	7.4×+3.0×	6.4×+2.5×
EV / EBITDA	17.6×-0.9×	17.5×+2.3×	17.9×+2.0×	20.8×+6.7×	18.5×+4.4×
Dividend yield	3.4%+0.1pp	3.5%-0.9pp	3.3%-1.0pp	2.9%-2.2pp	3.3%-2.3pp

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Questions, answered.

What are Philip Morris International's profit margins?: Philip Morris International (PM) runs a 67.3% gross margin and a 36.7% operating margin, with a 26.7% net margin.
Where do Philip Morris International's ratios come from?: Every ratio is computed from Philip Morris International's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.