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%+0.2pp	67.1%+0.2pp	66.9%+0.5pp	66.5%+0.8pp	65.7%+0.9pp
Operating margin	36.7%+0.1pp	36.6%-0.3pp	37%+0.7pp	36.3%+0.1pp	36.2%+0.8pp
Net margin	26.7%-1.2pp	27.9%+4.9pp	23%+0.5pp	22.6%+1.3pp	21.3%+1.1pp
EBITDA margin	41.6%+0.1pp	41.5%-0.3pp	41.8%+0.6pp	41.2%+0.1pp	41.1%+1.1pp
Free cash flow margin	25.7%-0.5pp	26.2%+0.9pp	25.3%+2.3pp	23%-3.5pp	26.6%-1.9pp
Returns
Return on assets	16.6%-0.8pp	17.3%+3.6pp	13.7%+0.6pp	13.1%+0.6pp	12.5%+0.5pp
Return on invested capital	34.4%-2.3pp	36.7%+3.8pp	32.9%+1.5pp	31.5%+1.2pp	30.3%-1.0pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Inventory turnover	1.3×0.0×	1.3×-0.1×	1.3×0.0×	1.3×0.0×	1.3×0.0×
Liquidity
Current ratio	1×0.0×	1×+0.1×	0.8×0.0×	0.8×0.0×	0.8×-0.1×
Quick ratio	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.4×0.0×	0.4×0.0×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.2×0.0×
Leverage
Debt-to-assets	0.8×0.0×	0.7×0.0×	0.7×0.0×	0.8×0.0×	0.8×0.0×
Net debt / EBITDA	2.7×0.0×	2.7×-0.1×	2.8×-0.2×	2.9×+0.1×	2.9×+0.1×
Valuation
Market capitalization	$257.69B+3.2%	$249.68B-1.1%	$252.48B-12.1%	$287.16B+16.2%	$247.06B+32.0%
Enterprise value	$304.25B+3.3%	$294.44B-1.4%	$298.59B-10.7%	$334.54B+14.5%	$292.23B+27.5%
Price / earnings	23.2×+1.2×	22×-5.4×	27.4×-5.2×	32.6×+2.4×	30.2×+5.7×
Price / sales	6.2×+0.1×	6.1×-0.2×	6.3×-1.0×	7.4×+0.9×	6.4×+1.5×
EV / EBITDA	17.6×+0.2×	17.5×-0.4×	17.9×-2.9×	20.8×+2.3×	18.5×+3.4×
EV / sales	7.3×+0.1×	7.2×-0.2×	7.5×-1.1×	8.6×+1.0×	7.6×+1.6×
Free cash flow yield	4.1%-0.1pp	4.3%+0.3pp	4%+0.9pp	3.1%-1.0pp	4.1%-1.6pp
Earnings yield	4.3%-0.2pp	4.5%+0.9pp	3.6%+0.6pp	3.1%-0.2pp	3.3%-0.8pp
Dividend yield	3.4%0.0pp	3.5%+0.1pp	3.3%+0.4pp	2.9%-0.4pp	3.3%-1.0pp
PEG ratio	0.7×+0.2×	0.5×—	——	409.9×+399×	11.4×—

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Philip Morris International.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.