Stock Analysis on Net
Stock Analysis on Net

Philip Morris International Inc. (NYSE:PM)

Common-Size Income Statement

Philip Morris International Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of sales -35.19 -36.65 -35.90 -31.94 -33.35
Gross profit 64.81% 63.35% 64.10% 68.06% 66.65%
Marketing, administration and research costs -29.43 -28.60 -25.55 -26.75 -25.99
Impairment of goodwill 0.00 -1.89 0.00 0.00 0.00
Operating income 35.38% 32.85% 38.56% 41.32% 40.66%
Interest expense -4.65 -4.34 -2.42 -2.35 -2.54
Interest income 1.64 1.32 0.57 0.35 0.38
Interest expense, net -3.02% -3.02% -1.85% -2.00% -2.15%
Pension and other employee benefit costs -0.16 -0.13 -0.08 -0.37 -0.34
Earnings before income taxes 32.21% 29.71% 36.63% 38.95% 38.17%
Provision for income taxes -7.97 -6.65 -7.07 -8.51 -8.28
Impairment related to the RBH equity investment -6.11 0.00 0.00 0.00 0.00
Equity investments and securities income, net 1.68 0.45 0.43 0.47 0.06
Net earnings 19.81% 23.51% 29.99% 30.92% 29.94%
Net earnings attributable to noncontrolling interests -1.18 -1.29 -1.51 -1.91 -1.87
Net earnings attributable to PMI 18.63% 22.21% 28.49% 29.00% 28.08%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Philip Morris International Inc. operating income as a percentage of net revenues decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Philip Morris International Inc. earnings before income taxes as a percentage of net revenues decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Net earnings attributable to PMI The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Philip Morris International Inc. net earnings attributable to PMI as a percentage of net revenues decreased from 2022 to 2023 and from 2023 to 2024.