Philip Morris International (PM) Gross Margin (2009 - 2026)
Philip Morris International (PM) posted Gross Margin of 68.06% for Q1 2026, up 3.68% sequentially from 65.64% in Q4 2025, and up 64.0% YoY from 41.5% in Q1 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.
- Quarterly Gross Margin rose 64.0% year-over-year to 68.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 67.3% (up 160.0% YoY) and the FY2025 annual result came in at 67.12%, up 231.0% from the prior year.
- Gross Margin advanced to 68.06% in Q1 2026 per PM's latest filing, from 65.64% in the prior quarter.
- The five-year high for Gross Margin was 68.06% in Q1 2026, with the low at 26.57% in Q1 2022.
- Average Gross Margin over 5 years is 62.69%, with a median of 64.73% recorded in 2024.
- The widest YoY moves for Gross Margin: up 7827 bps in 2022, down 206430 bps in 2022.
- Philip Morris International's Gross Margin stood at 60.61% in 2022, then rose by 2 bps to 61.73% in 2023, then increased by 5 bps to 64.73% in 2024, then increased by 1 bps to 65.64% in 2025, then climbed 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 | Altria | 66.91 Bn | 63.43 Bn | 3.51 Bn | 64.59% |
| 2 | RLX Technology | 2.38 Bn | 1.75 Bn | 73.10 Mn | 31.80% |
| 3 | Turning Point Brands | 1.68 Bn | 1.51 Bn | 68.30 Mn | 54.95% |
| 4 | Universal | 1.30 Bn | 1.29 Bn | 98.47 Mn | 13.77% |
| 5 | Ispire Technology | 65.31 Mn | 47.02 Mn | 1.99 Mn | 10.65% |
| 6 | Rythm | 54.80 Mn | 21.54 Mn | 10.40 Mn | 78.26% |
| 7 | Greenlane Holdings | 9.60 Mn | -28.63 Mn | 217,000.00 | 48.44% |
| 8 | VPR Brands | 4.59 Mn | 1.87 Mn | 138,574.00 | 23.89% |
| 9 | Lftd Partners | 2.96 Mn | 873,406.64 | -1.71 Mn | -18.63% |
| 10 | Philip Morris International | - | - | 6.91 Bn | 68.06% |
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 | -17.66% |
| Sep 30, 2021 | 25.56% |
| Jun 30, 2021 | 2,130.49% |