Philip Morris International (PM) Return on Capital Employed (2009 - 2026)
Philip Morris International (PM) reported Return on Capital Employed of 35.59% for Q1 2026, down 374.0% on a YoY basis from 12.99% in Q1 2025, and up 2.03% sequentially from 34.88% in Q4 2025.
Philip Morris International (PM) Return on Capital Employed (2009 - 2026) Analysis & Trends
Philip Morris International (PM) has 18 years of Return on Capital Employed data on file, last reported at 35.59% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 374.0% year-over-year to 35.59%; the trailing twelve-month figure through Mar 2026 stood at 35.59% (down 374.0% YoY), and the FY2025 full-year result was 37.18%, up 419.0% from the prior year.
- Return on Capital Employed improved to 35.59% in Q1 2026, from 34.88% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 61.33% in Q2 2022 to a low of 27.51% in Q1 2024.
- A 5-year average of 38.51% and a median of 34.88% in 2025 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed surged 1534 bps in 2022 and plunged 3277 bps in 2023, its largest moves.
- Tracing PM's Return on Capital Employed over 5 years: stood at 51.32% in 2022, then slumped by 40 bps to 30.63% in 2023, then advanced by 6 bps to 32.35% in 2024, then climbed by 8 bps to 34.88% in 2025, then rose by 2 bps to 35.59% in 2026.
- Business Quant data shows PM's Return on Capital Employed at 35.59% in Q1 2026, 34.88% in Q4 2025, and 35.99% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 35.59% |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 41.93% |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 3.03% |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | 12.15% |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 7.24% |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | -133.15% |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 92.11% |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | -432.91% |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | -95.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.59% |
| Dec 31, 2025 | 34.88% |
| Sep 30, 2025 | 35.99% |
| Jun 30, 2025 | 36.66% |
| Mar 31, 2025 | 39.33% |
| Dec 31, 2024 | 32.35% |
| Sep 30, 2024 | 30.33% |
| Jun 30, 2024 | 29.56% |
| Mar 31, 2024 | 27.51% |
| Dec 31, 2023 | 30.63% |
| Sep 30, 2023 | 28.37% |
| Jun 30, 2023 | 28.90% |
| Mar 31, 2023 | 30.03% |
| Dec 31, 2022 | 51.32% |
| Sep 30, 2022 | 61.14% |
| Jun 30, 2022 | 61.33% |
| Mar 31, 2022 | 60.82% |
| Dec 31, 2021 | 58.49% |
| Sep 30, 2021 | 55.60% |
| Jun 30, 2021 | 52.22% |