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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	67.1%+2.3pp	64.8%+1.5pp	63.3%-0.8pp	64.1%-4.0pp
Operating margin	36.6%+1.3pp	35.4%+2.5pp	32.9%-5.7pp	38.6%-2.8pp
Net margin	27.9%+7.8pp	20.2%-2.1pp	22.2%-6.3pp	28.5%-0.5pp
EBITDA margin	41.5%+1.5pp	40%+3.2pp	36.8%-5.5pp	42.3%-2.2pp
Free cash flow margin	26.2%-2.2pp	28.4%+6.0pp	22.4%-8.2pp	30.6%-5.1pp
Returns
Return on assets	17.3%+5.3pp	12%-0.3pp	12.3%-5.3pp	17.6%-3.6pp
Return on invested capital	36.7%+5.5pp	31.2%+4.0pp	27.2%-16.3pp	43.5%-33.8pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×-0.1×	0.6×-0.1×
Inventory turnover	1.3×0.0×	1.3×+0.1×	1.2×0.0×	1.2×+0.1×
Liquidity
Current ratio	1×+0.1×	0.9×+0.1×	0.7×0.0×	0.7×-0.2×
Quick ratio	0.5×0.0×	0.5×+0.1×	0.3×0.0×	0.4×-0.1×
Cash ratio	0.2×0.0×	0.2×+0.1×	0.1×0.0×	0.1×-0.1×
Leverage
Debt-to-assets	0.7×0.0×	0.8×0.0×	0.7×0.0×	0.7×0.0×
Net debt / EBITDA	2.7×-0.1×	2.8×-0.7×	3.5×+0.5×	3×+1.3×
Valuation
Market capitalization	$249.68B+33.4%	$187.12B+28.2%	$146.01B-6.9%	$156.88B+6.5%
Enterprise value	$294.44B+28.4%	$229.24B+19.7%	$191.48B-3.0%	$197.45B+15.4%
Price / earnings	22×-2.5×	24.5×+5.8×	18.7×+1.4×	17.3×+1.2×
Price / sales	6.1×+1.2×	4.9×+0.8×	4.2×-0.8×	4.9×+0.3×
EV / EBITDA	17.5×+2.3×	15.1×+0.3×	14.8×+0.1×	14.7×+2.4×
EV / sales	7.2×+1.2×	6.1×+0.6×	5.4×-0.8×	6.2×+0.8×
Free cash flow yield	4.3%-1.5pp	5.8%+0.4pp	5.4%-0.8pp	6.2%-1.4pp
Earnings yield	4.5%+0.5pp	4.1%-1.3pp	5.4%-0.4pp	5.8%-0.4pp
Dividend yield	3.5%-0.9pp	4.4%-1.1pp	5.5%+0.5pp	5%-0.2pp
PEG ratio	0.5×—	——	——	——

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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.