Philip Morris International (PM) EBITDA Margin (2009 - 2026)
Philip Morris International's EBITDA Margin was 47.01% in Q3 2026, up 3.05 percentage points from 43.96% a year earlier and up 1.95 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 43.39% through Sep 30, 2026, up 1.56 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 Q3 2026 figure marks the highest quarterly EBITDA Margin in data going back to Q1 2009.
- Compared with a year earlier, EBITDA Margin has increased for three straight quarters, with an average year-over-year change of +1.91 percentage points over the last eight quarters.
- 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 Q3 2026 was 45.06% (Q2 2026), 43.40% (Q1 2026) and 37.58% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.04 Bn | 279.04 Bn | 7.85 Bn | 47.01% |
| 2 | British American Tobacco p.l.c | 131.52 Bn | 107.88 Bn | - | - |
| 3 | Altria | 126.46 Bn | 113.39 Bn | 3.94 Bn | 55.01% |
| 4 | Curaleaf Holdings | 2.38 Bn | 2.00 Bn | 170.48 Mn | 15.45% |
| 5 | Trulieve Cannabis | 2.12 Bn | 734.90 Mn | 162.29 Mn | -127.26% |
| 6 | RLX Technology | 1.95 Bn | -1.82 Bn | 52.74 Mn | - |
| 7 | Green Thumb Industries | 1.43 Bn | 198.72 Mn | 146.79 Mn | 22.57% |
| 8 | Cronos | 1.33 Bn | -1.95 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.25 Bn | 361.97 Mn | 93.70 Mn | - |
| 10 | Tilray Brands | 380.69 Mn | -586.82 Mn | 77.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 47.01% |
| 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% |
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();