Philip Morris International (PM) Net Margin (2009 - 2026)
Philip Morris International (PM) posted Net Margin of 29.82% for Q2 2026, up 1.34% sequentially from 29.42% in Q1 2026, and up 248.0% YoY from 8.57% in Q2 2025.
Philip Morris International (PM) Net Margin (2009 - 2026) Analysis & Trends
Philip Morris International has reported Net Margin for 18 years, with the latest figure at 29.82% in Q2 2026.
- Quarterly Net Margin rose 248.0% year-over-year to 29.82% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 28.35% (up 233.0% YoY) and the FY2025 annual result came in at 27.41%, up 317.0% from the prior year.
- Net Margin improved to 29.82% in Q2 2026 per PM's latest filing, from 29.42% in the prior quarter.
- Over five years, Net Margin peaked at 30.13% in Q3 2025 and troughed at 13.03% in Q1 2022.
- A 5-year average of 25.39% and a median of 26.46% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin jumped 3592 bps in 2022, then plunged 1077 bps in 2023.
- Over 5 years, Net Margin stood at 28.67% in 2022, then slipped by 12 bps to 25.28% in 2023, then retreated by 17 bps to 21.07% in 2024, then increased by 13 bps to 23.85% in 2025, then rose by 25 bps to 29.82% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 29.82%, 29.42%, and 23.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 298.83 Bn | 292.83 Bn | 7.66 Bn | 29.82% |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - | - |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn | 37.60% |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn | 3.89% |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn | 2.52% |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn | -1.59% |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn | -50.96% |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn | 5.14% |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 | -30,284.15% |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 | -7.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.82% |
| Mar 31, 2026 | 29.42% |
| Dec 31, 2025 | 23.85% |
| Sep 30, 2025 | 30.13% |
| Jun 30, 2025 | 27.34% |
| Mar 31, 2025 | 28.30% |
| Dec 31, 2024 | 21.07% |
| Sep 30, 2024 | 27.39% |
| Jun 30, 2024 | 25.00% |
| Mar 31, 2024 | 23.37% |
| Dec 31, 2023 | 25.28% |
| Sep 30, 2023 | 22.65% |
| Jun 30, 2023 | 18.99% |
| Mar 31, 2023 | 25.58% |
| Dec 31, 2022 | 28.67% |
| Sep 30, 2022 | 27.40% |
| Jun 30, 2022 | 29.76% |
| Mar 31, 2022 | 13.03% |
| Dec 31, 2021 | -7.25% |
| Sep 30, 2021 | 11.75% |