Philip Morris International (PM) EBITDA Margin (2009 - 2026)
Philip Morris International (PM) reported EBITDA Margin of 38.37% for Q1 2026, up 27.0% on a YoY basis from 30.21% in Q1 2025, and up 17.87% sequentially from 32.55% in Q4 2025.
Philip Morris International (PM) EBITDA Margin (2009 - 2026) Analysis & Trends
Philip Morris International (PM) has 18 years of EBITDA Margin data on file, last reported at 38.37% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 27.0% year-over-year to 38.37%; the trailing twelve-month figure through Mar 2026 stood at 36.73% (up 52.0% YoY), and the FY2025 full-year result was 36.64%, up 125.0% from the prior year.
- EBITDA Margin improved to 38.37% in Q1 2026, from 32.55% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 39.31% in Q3 2025 to a low of 17.05% in Q1 2022.
- A 5-year average of 34.52% and a median of 36.38% in 2024 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin plunged 1221 bps in 2022 and soared 1700 bps in 2023, its largest moves.
- Tracing PM's EBITDA Margin over 5 years: stood at 35.87% in 2022, then declined by 11 bps to 31.93% in 2023, then increased by 5 bps to 33.58% in 2024, then decreased by 3 bps to 32.55% in 2025, then grew by 18 bps to 38.37% in 2026.
- Business Quant data shows PM's EBITDA Margin at 38.37% in Q1 2026, 32.55% in Q4 2025, and 39.31% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 38.37% |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 54.46% |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 15.43% |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 10.05% |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | -2.09% |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | -50.75% |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | -30.36% |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | -80.07% |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | -1,243.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.37% |
| Dec 31, 2025 | 32.55% |
| Sep 30, 2025 | 39.31% |
| Jun 30, 2025 | 36.61% |
| Mar 31, 2025 | 38.10% |
| Dec 31, 2024 | 33.58% |
| Sep 30, 2024 | 36.87% |
| Jun 30, 2024 | 36.38% |
| Mar 31, 2024 | 34.63% |
| Dec 31, 2023 | 31.93% |
| Sep 30, 2023 | 36.87% |
| Jun 30, 2023 | 28.62% |
| Mar 31, 2023 | 34.06% |
| Dec 31, 2022 | 35.87% |
| Sep 30, 2022 | 36.95% |
| Jun 30, 2022 | 39.02% |
| Mar 31, 2022 | 17.05% |
| Dec 31, 2021 | 36.36% |
| Sep 30, 2021 | 42.54% |
| Jun 30, 2021 | 24.39% |