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| 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% |