Philip Morris International (PM) Return on Capital Employed (2009 - 2026)
Philip Morris International (PM) posted Return on Capital Employed of 38.19% for Q2 2026, up 7.31% sequentially from 35.59% in Q1 2026, and up 153.0% YoY from 15.09% in Q2 2025.
Philip Morris International (PM) Return on Capital Employed (2009 - 2026) Analysis & Trends
Philip Morris International has reported Return on Capital Employed for 18 years, with the latest figure at 38.19% in Q2 2026.
- Quarterly Return on Capital Employed rose 153.0% year-over-year to 38.19% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 38.19% (up 153.0% YoY) and the FY2025 annual result came in at 37.18%, up 419.0% from the prior year.
- Return on Capital Employed advanced to 38.19% in Q2 2026 per PM's latest filing, from 35.59% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 61.33% in Q2 2022 and troughed at 27.51% in Q1 2024.
- A 5-year average of 38.5% and a median of 35.23% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed jumped 1534 bps in 2022, then slumped 3277 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 51.32% in 2022, then sank by 40 bps to 30.63% in 2023, then increased by 6 bps to 32.35% in 2024, then rose by 8 bps to 34.88% in 2025, then gained by 9 bps to 38.19% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 38.19%, 35.59%, and 34.88% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 295.83 Bn | 289.83 Bn | 7.66 Bn | 38.19% |
| 2 | British American Tobacco p.l.c | 122.76 Bn | 119.06 Bn | - | - |
| 3 | Altria | 111.64 Bn | 109.27 Bn | 3.82 Bn | 41.87% |
| 4 | RLX Technology | 2.24 Bn | 1.50 Bn | 52.74 Mn | 3.57% |
| 5 | Turning Point Brands | 1.74 Bn | 1.46 Bn | 93.70 Mn | 10.34% |
| 6 | Universal | 1.14 Bn | 861.22 Mn | 83.09 Mn | 6.74% |
| 7 | Ispire Technology | 84.23 Mn | 65.00 Mn | 1.99 Mn | -133.15% |
| 8 | Rythm | 46.93 Mn | 5.02 Mn | 18.54 Mn | 79.37% |
| 9 | Greenlane Holdings | 13.77 Mn | -10.73 Mn | 32,000.00 | -150.46% |
| 10 | VPR Brands | 8.26 Mn | 5.92 Mn | 161,075.00 | -105.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.19% |
| 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% |