Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Philip Morris International Inc., profitability ratios
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).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Philip Morris International Inc. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Philip Morris International Inc. operating profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Philip Morris International Inc. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Philip Morris International Inc. ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Gross Profit Margin
Philip Morris International Inc., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 24,549) | 22,281) | 20,360) | 21,375) | 19,125) | |
| Net revenues | 37,878) | 35,174) | 31,762) | 31,405) | 28,694) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 64.81% | 63.35% | 64.10% | 68.06% | 66.65% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Coca-Cola Co. | — | 59.52% | 58.14% | 60.27% | 59.31% | |
| Mondelēz International Inc. | 39.12% | 38.22% | 35.92% | 39.19% | 39.30% | |
| PepsiCo Inc. | 54.55% | 54.21% | 53.03% | 53.35% | 54.82% | |
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).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenues
= 100 × 24,549 ÷ 37,878 = 64.81%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Philip Morris International Inc. gross profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Operating Profit Margin
Philip Morris International Inc., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income | 13,402) | 11,556) | 12,246) | 12,975) | 11,668) | |
| Net revenues | 37,878) | 35,174) | 31,762) | 31,405) | 28,694) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 35.38% | 32.85% | 38.56% | 41.32% | 40.66% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Coca-Cola Co. | — | 24.72% | 25.37% | 26.67% | 27.25% | |
| Mondelēz International Inc. | 17.41% | 15.28% | 11.22% | 16.20% | 14.50% | |
| PepsiCo Inc. | 14.03% | 13.10% | 13.33% | 14.04% | 14.32% | |
| Operating Profit Margin, Sector | ||||||
| Food, Beverage & Tobacco | — | 19.36% | 19.83% | 21.93% | 21.81% | |
| Operating Profit Margin, Industry | ||||||
| Consumer Staples | — | 7.32% | 8.45% | 8.49% | 8.18% | |
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).
1 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Net revenues
= 100 × 13,402 ÷ 37,878 = 35.38%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Philip Morris International Inc. operating profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Net Profit Margin
Philip Morris International Inc., net profit margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings attributable to PMI | 7,057) | 7,813) | 9,048) | 9,109) | 8,056) | |
| Net revenues | 37,878) | 35,174) | 31,762) | 31,405) | 28,694) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 18.63% | 22.21% | 28.49% | 29.00% | 28.08% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Coca-Cola Co. | — | 23.42% | 22.19% | 25.28% | 23.47% | |
| Mondelēz International Inc. | 12.65% | 13.77% | 8.63% | 14.97% | 13.37% | |
| PepsiCo Inc. | 10.43% | 9.92% | 10.31% | 9.59% | 10.12% | |
| Net Profit Margin, Sector | ||||||
| Food, Beverage & Tobacco | — | 15.62% | 15.68% | 17.28% | 16.69% | |
| Net Profit Margin, Industry | ||||||
| Consumer Staples | — | 5.47% | 6.12% | 6.21% | 6.23% | |
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).
1 2024 Calculation
Net profit margin = 100 × Net earnings attributable to PMI ÷ Net revenues
= 100 × 7,057 ÷ 37,878 = 18.63%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Philip Morris International Inc. net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Return on Equity (ROE)
Philip Morris International Inc., ROE calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings attributable to PMI | 7,057) | 7,813) | 9,048) | 9,109) | 8,056) | |
| Total PMI stockholders’ deficit | (11,750) | (11,225) | (8,957) | (10,106) | (12,567) | |
| Profitability Ratio | ||||||
| ROE1 | — | — | — | — | — | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Coca-Cola Co. | — | 41.30% | 39.59% | 42.48% | 40.14% | |
| Mondelēz International Inc. | 17.12% | 17.50% | 10.11% | 15.21% | 12.89% | |
| PepsiCo Inc. | 53.09% | 49.04% | 51.96% | 47.48% | 52.92% | |
| ROE, Sector | ||||||
| Food, Beverage & Tobacco | — | 52.90% | 51.06% | 53.84% | 55.44% | |
| ROE, Industry | ||||||
| Consumer Staples | — | 30.71% | 32.10% | 31.40% | 30.98% | |
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).
1 2024 Calculation
ROE = 100 × Net earnings attributable to PMI ÷ Total PMI stockholders’ deficit
= 100 × 7,057 ÷ -11,750 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
Philip Morris International Inc., ROA calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings attributable to PMI | 7,057) | 7,813) | 9,048) | 9,109) | 8,056) | |
| Total assets | 61,784) | 65,304) | 61,681) | 41,290) | 44,815) | |
| Profitability Ratio | ||||||
| ROA1 | 11.42% | 11.96% | 14.67% | 22.06% | 17.98% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Coca-Cola Co. | — | 10.97% | 10.29% | 10.36% | 8.87% | |
| Mondelēz International Inc. | 6.73% | 6.95% | 3.82% | 6.41% | 5.24% | |
| PepsiCo Inc. | 9.63% | 9.03% | 9.67% | 8.25% | 7.66% | |
| ROA, Sector | ||||||
| Food, Beverage & Tobacco | — | 9.72% | 9.51% | 10.44% | 9.04% | |
| ROA, Industry | ||||||
| Consumer Staples | — | 8.28% | 8.95% | 8.75% | 8.24% | |
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).
1 2024 Calculation
ROA = 100 × Net earnings attributable to PMI ÷ Total assets
= 100 × 7,057 ÷ 61,784 = 11.42%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Philip Morris International Inc. ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |