Philip Morris International (PM) EBITDA Margin (2009 - 2026)
Philip Morris International's EBITDA Margin was 45.06% in Q2 2026, up 3.62 percentage points from 41.44% a year earlier and up 1.66 percentage points from the prior quarter.
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Analysis
Philip Morris International (PM) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Philip Morris International's EBITDA Margin was 42.56% through Jun 30, 2026, up 1.31 percentage points year-over-year; for FY2025, it was 41.55%, up 1.45 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +24.91 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 40.10% in FY2024 (+3.27 pp), 36.83% in FY2023 (-5.12 pp), 41.95% in FY2022 (-2.55 pp) and 44.49% in FY2021 (+27.86 pp).
- The Q2 2026 figure marks the highest quarterly EBITDA Margin since Q3 2018.
- Compared with a year earlier, EBITDA Margin was higher in seven of the last eight quarters, with an average year-over-year change of +1.57 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2022 (a gain of 26.19 percentage points); the worst was Q2 2023 (a drop of 10.71 percentage points).
- Per Business Quant data, PM's EBITDA Margin in the three quarters before Q2 2026 was 43.40% (Q1 2026), 37.58% (Q4 2025) and 43.96% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 45.06% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 52.23% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 15.53% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 13.86% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -127.26% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 17.33% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.06% |
| Mar 31, 2026 | 43.40% |
| Dec 31, 2025 | 37.58% |
| Sep 30, 2025 | 43.96% |
| Jun 30, 2025 | 41.44% |
| Mar 31, 2025 | 43.26% |
| Dec 31, 2024 | 38.49% |
| Sep 30, 2024 | 41.89% |
| Jun 30, 2024 | 41.08% |
| Mar 31, 2024 | 38.80% |
| Dec 31, 2023 | 36.01% |
| Sep 30, 2023 | 41.56% |
| Jun 30, 2023 | 31.97% |
| Mar 31, 2023 | 37.79% |
| Dec 31, 2022 | 38.06% |
| Sep 30, 2022 | 41.41% |
| Jun 30, 2022 | 42.68% |
| Mar 31, 2022 | 18.36% |
| Sep 30, 2021 | 17.07% |
| Jun 30, 2021 | 16.49% |
API Access
Philip Morris International EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();