Philip Morris International Inc. PM
- Market cap
- $296.3B
- P/E
- 27.4×
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Philip Morris International Inc. (PM) Return on invested capital
Philip Morris International Inc.'s return on invested capital over the twelve months to 30 June 2026 was 27.5%, up 1.6 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 20.4% (fiscal 2023) to 53.7% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Tobacco industry median of 1.93% and above the Consumer Defensive sector median of 0.20%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 25.9% | (0.60) |
| FY2024 | 26.5% | 6.10 |
| FY2023 | 20.4% | (2.38) |
| FY2022 | 22.8% | (30.92) |
| FY2021 | 53.7% | 0.18 |
| FY2020 | 53.5% | 8.39 |
| FY2019 | 45.1% | (4.16) |
| FY2018 | 49.3% | 3.08 |
| FY2017 | 46.2% | (2.72) |
| FY2016 | 48.9% | 0.06 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| MO Altria Group, Inc. compare | 35.0% |
| PM Philip Morris International Inc. | 27.5% |
| TPB Turning Point Brands, Inc. compare | 9.77% |
| RLX RLX Technology Inc. Sponsored ADR compare | 5.28% |
| UVV Universal Corporation compare | 4.59% |
| AIIR Air Global PLC compare | 1.93% |
| BTI British American Tobacco p.l.c. compare | 0.00% |
| ISPR Ispire Technology Inc. compare | 0.00% |
| RYM RYTHM, Inc. compare | −19.2% |
| Tobacco industry median | 1.93% |
| Consumer Defensive sector median | 0.20% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on PM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement