Philip Morris International (PM) Return on Capital Employed (2009 - 2026)

Philip Morris International's (PM) quarterly Return on Capital Employed came in at 35.59% in Q1 2026, down 374.0% year-on-year from 12.99% in Q1 2025, and up 2.03% quarter-over-quarter from 34.88% in Q4 2025.

Philip Morris International (PM) Return on Capital Employed (2009 - 2026) Analysis & Trends

Philip Morris International has disclosed Return on Capital Employed across 18 years of filings, most recently posting 35.59% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 35.59%, down 374.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 35.59% (down 374.0% YoY), and the FY2025 annual result was 37.18%, up 419.0% from the prior year.
  • Return on Capital Employed came in at 35.59% for Q1 2026 at Philip Morris International, up 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.
  • The 5-year median for Return on Capital Employed is 34.88% (2025), against an average of 38.51%.
  • Across the five-year window, Return on Capital Employed surged 1534 bps in 2022 and slumped 3277 bps in 2023, its largest moves.
  • Philip Morris International's Return on Capital Employed stood at 51.32% in 2022, then sank by 40 bps to 30.63% in 2023, then climbed by 6 bps to 32.35% in 2024, then grew by 8 bps to 34.88% in 2025, then gained by 2 bps to 35.59% in 2026.
  • The last three Return on Capital Employed figures came in at 35.59% (Q1 2026), 34.88% (Q4 2025), and 35.99% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 35.59%
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 41.93%
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 12.15%
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 7.24%
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 3.03%
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -133.15%
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn -122.16%
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 -95.07%
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 -15.55%

Historic Data

Download Data
DateValue
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%