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Saturday 17 October 2026 Export PM’s income statement to Excel — free account

Philip Morris International Inc.

PM Consumer Defensive Tobacco

Philip Morris International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 7.31% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS fell 7.69%, free cash flow grew 67.3% and total debt fell 4.56%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

205.20 5.30 +2.65%
Market cap
$311.6B
P/E
29.5×
Fwd P/E
22.6×
Dividend yield
2.93%
F-score
7/9
Altman Z
3.94
Beneish M
−2.33
Dividend safety
47/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Philip Morris International Inc. (PM) Gross margin

Alert me on Gross margin

Philip Morris International Inc.'s gross margin over the twelve months to 30 June 2026 was 67.5%, up 0.4 percentage points from fiscal 2025 (67.1%). Over the past ten years it has ranged from 23.6% (fiscal 2015) to 68.1% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Tobacco industry median of 47.1% and above the Consumer Defensive sector median of 34.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 67.1% 2.31
FY2024 64.8% 1.46
FY2023 63.4% (0.75)
FY2022 64.1% (3.96)
FY2021 68.1% 1.41
FY2020 66.7% 1.92
FY2019 64.7% 1.04
FY2018 63.7% (0.02)
FY2017 63.7% (1.10)
FY2016 64.8% 41.23

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 68.4% 0.37
Mar 2026 68.1% 2.55
Dec 2025 65.5% (2.34)
Sep 2025 67.9% 0.14
42 more quarters

Against its own ten years

Low 23.6% High 68.1%
Ten-year median 64.7%
Current reading's percentile 86

Gross margin against peers

Company Gross margin
RYM RYTHM, Inc. compare 75.2%
BTI British American Tobacco p.l.c. compare 69.9%
PM Philip Morris International Inc. 67.5%
MO Altria Group, Inc. compare 63.0%
TPB Turning Point Brands, Inc. compare 59.2%
RLX RLX Technology Inc. Sponsored ADR compare 34.9%
UVV Universal Corporation compare 16.9%
ISPR Ispire Technology Inc. compare 12.8%
AIIR Air Global PLC compare —
Tobacco industry median 47.1%
Consumer Defensive sector median 34.8%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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