Philip Morris International (PM) Gross Margin (2009 - 2026)
Philip Morris International (PM) reported Gross Margin of 68.06% for Q1 2026, up 64.0% on a YoY basis from 41.5% in Q1 2025, and up 3.68% sequentially from 65.64% in Q4 2025.
Philip Morris International (PM) Gross Margin (2009 - 2026) Analysis & Trends
Philip Morris International (PM) has 18 years of Gross Margin data on file, last reported at 68.06% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 64.0% year-over-year to 68.06%; the trailing twelve-month figure through Mar 2026 stood at 67.3% (up 160.0% YoY), and the FY2025 full-year result was 67.12%, up 231.0% from the prior year.
- Gross Margin advanced to 68.06% in Q1 2026, from 65.64% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 68.06% in Q1 2026 to a low of 26.57% in Q1 2022.
- A 5-year average of 62.69% and a median of 64.73% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 1856 bps in 2022 and jumped 3555 bps in 2023, its largest moves.
- Tracing PM's Gross Margin over 5 years: stood at 60.61% in 2022, then advanced by 2 bps to 61.73% in 2023, then gained by 5 bps to 64.73% in 2024, then gained by 1 bps to 65.64% in 2025, then increased by 4 bps to 68.06% in 2026.
- Business Quant data shows PM's Gross Margin at 68.06% in Q1 2026, 65.64% in Q4 2025, and 67.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 68.06% |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 64.59% |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 31.80% |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 54.95% |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 13.77% |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | 10.65% |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 78.26% |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | 23.89% |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | 48.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.06% |
| Dec 31, 2025 | 65.64% |
| Sep 30, 2025 | 67.85% |
| Jun 30, 2025 | 67.66% |
| Mar 31, 2025 | 67.41% |
| Dec 31, 2024 | 64.73% |
| Sep 30, 2024 | 66.04% |
| Jun 30, 2024 | 64.67% |
| Mar 31, 2024 | 63.66% |
| Dec 31, 2023 | 61.73% |
| Sep 30, 2023 | 65.38% |
| Jun 30, 2023 | 64.00% |
| Mar 31, 2023 | 62.11% |
| Dec 31, 2022 | 60.61% |
| Sep 30, 2022 | 63.46% |
| Jun 30, 2022 | 66.19% |
| Mar 31, 2022 | 26.57% |
| Dec 31, 2021 | 65.36% |
| Sep 30, 2021 | 68.04% |
| Jun 30, 2021 | 40.86% |