Philip Morris International profit margin PM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 24.8%
- Operating margin, 12 months
- 38.6%
- Net margin on a year earlier
- +3.3 pts
- Peer median
- 10.4%
Over the twelve months to Sep 30, 2026, Philip Morris International kept 24.8% of its revenue as net profit, with an operating margin of 38.6%.
Five years earlier its net margin was 29.2%.
The median for 10 consumer staples stocks of a similar size is 10.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 27.9% | 36.6% | 67.2% |
| FY2024 | 18.6% | 35.4% | 64.8% |
| FY2023 | 22.2% | 32.9% | 63.3% |
| FY2022 | 28.5% | 38.6% | 64.1% |
| FY2021 | 29.0% | 41.3% | 68.1% |
| FY2020 | 28.1% | 40.7% | 66.7% |
| FY2019 | 24.1% | 35.3% | 64.7% |
| FY2018 | 26.7% | 38.4% | 63.7% |
| FY2017 | 21.0% | 40.3% | 63.7% |
| FY2016 | 26.1% | 40.5% | 64.8% |
| FY2015 | 25.7% | 39.6% | 65.0% |
| FY2014 | 25.2% | 39.3% | 64.9% |
| FY2013 | 27.5% | 43.3% | 66.7% |
| FY2012 | 28.0% | 44.2% | 66.9% |
| FY2011 | 27.6% | 42.9% | 65.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 24.8% | +3.3 pts | 38.6% | |
| Q2 FY26 | 25.6% | +4.5 pts | 37.7% | |
| Q1 FY26 | 26.7% | +6.9 pts | 36.7% | |
| Q4 FY25 | 27.9% | +9.3 pts | 36.6% | |
| Q3 FY25 | 21.6% | −4.8 pts | 37.0% | |
| Q2 FY25 | 21.1% | −3.1 pts | 36.3% | |
| Q1 FY25 | 19.8% | −2.4 pts | 36.2% | |
| Q4 FY24 | 18.6% | −3.6 pts | 35.4% | |
| Q3 FY24 | 26.4% | +3.0 pts | 35.0% | |
| Q2 FY24 | 24.2% | −0.1 pts | 35.0% | |
| Q1 FY24 | 22.2% | −5.0 pts | 33.0% | |
| Q4 FY23 | 22.2% | −6.3 pts | 32.9% |
Against its peers
Companies in Consumer Defensive nearest Philip Morris International's size, closest first, today.
| Company | Profit margin |
|---|---|
| PMPhilip Morris International | 24.8% |
| PGProcter & Gamble | 18.2% |
| KOCoca-Cola | 28.6% |
| COSTCostco Wholesale | 3.0% |
| PEPPepsiCo | 11.1% |
| MOAltria | 39.0% |
| WMTWalmart | 3.0% |
| MNSTMonster Beverage | 23.1% |
| MDLZMondelez International | 8.9% |
| CLColgate-Palmolive | 9.7% |
| TGTTarget | 4.1% |
| Peer median | 10.4% |
Where Philip Morris International ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Philip Morris International
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.