Philip Morris International (PM) Gross Margin (2009 - 2026)
Philip Morris International's (PM) quarterly Gross Margin came in at 68.06% in Q1 2026, up 64.0% year-on-year from 41.5% in Q1 2025, and up 3.68% quarter-over-quarter from 65.64% in Q4 2025.
Philip Morris International (PM) Gross Margin (2009 - 2026) Analysis & Trends
Philip Morris International has disclosed Gross Margin across 18 years of filings, most recently posting 68.06% for Q1 2026.
- Gross Margin for Q1 2026 came in at 68.06%, up 64.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 67.3% (up 160.0% YoY), and the FY2025 annual result was 67.12%, up 231.0% from the prior year.
- Gross Margin came in at 68.06% for Q1 2026 at Philip Morris International, up 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.
- The 5-year median for Gross Margin is 64.73% (2024), against an average of 62.69%.
- Peak annual rise in Gross Margin reached 7827 bps in 2022, while the deepest fall reached 206430 bps in 2022.
- Philip Morris International's Gross Margin stood at 60.61% in 2022, then climbed by 2 bps to 61.73% in 2023, then advanced by 5 bps to 64.73% in 2024, then advanced by 1 bps to 65.64% in 2025, then rose by 4 bps to 68.06% in 2026.
- The last three Gross Margin figures came in at 68.06% (Q1 2026), 65.64% (Q4 2025), and 67.85% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | 68.06% |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 64.59% |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | 54.95% |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | 13.77% |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 31.80% |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | 10.65% |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | 78.26% |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | 48.44% |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -15.49% |
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% |