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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
Returns
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×
Liquidity
Current ratio	1×0.0×	1×+0.1×	0.8×0.0×	0.8×0.0×	0.8×-0.1×
Leverage
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%
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×
Dividend yield	3.4%0.0pp	3.5%+0.1pp	3.3%+0.4pp	2.9%-0.4pp	3.3%-1.0pp

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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.