TTM
67.3%
YoY change
+2.31pp
Trough year (2005)
27.3%
Peak year (2021)
68.1%
Latest annual
67.1%
Gross Margin history chart for Philip Morris International (PM) from 2001 to 2025
Latest: 67.1%
Gross Margin change chart for Philip Morris International (PM) from 2001 to 2025
Latest: +2.31pp
Gross Margin history table for Philip Morris International (PM) from 2001 to 2025
| 2025 | 67.1% | +2.31pp | ||
| 2024 | 64.8% | +1.47pp | ||
| 2023 | 63.3% | -0.76pp | ||
| 2022 | 64.1% | -3.96pp | ||
| 2021 | 68.1% | +1.41pp | ||
| 2020 | 66.7% | +1.92pp | ||
| 2019 | 64.7% | +1.04pp | ||
| 2018 | 63.7% | -0.03pp | ||
| 2017 | 63.7% | -1.10pp | ||
| 2016 | 64.8% | -0.24pp | ||
| 2015 | 65.0% | +0.11pp | ||
| 2014 | 64.9% | -1.71pp | ||
| 2013 | 66.7% | -0.29pp | ||
| 2012 | 66.9% | +1.28pp | ||
| 2011 | 65.7% | +1.36pp | ||
| 2010 | 64.3% | +0.34pp | ||
| 2009 | 64.0% | +0.25pp | ||
| 2008 | 63.7% | +1.96pp | ||
| 2007 | 61.8% | +0.89pp | ||
| 2006 | 60.9% | +33.56pp | ||
| 2005 | 27.3% | -34.43pp | ||
| 2004 | 61.7% | +33.09pp | ||
| 2003 | 28.7% | — | ||
| 2001 | 65.4% | — |
- 202567.1%+2.31pp
- 202464.8%+1.47pp
- 202363.3%-0.76pp
- 202264.1%-3.96pp
- 202168.1%+1.41pp
- 202066.7%+1.92pp
- 201964.7%+1.04pp
- 201863.7%-0.03pp
- 201763.7%-1.10pp
- 201664.8%-0.24pp
- 201565.0%+0.11pp
- 201464.9%-1.71pp
- 201366.7%-0.29pp
- 201266.9%+1.28pp
- 201165.7%+1.36pp
- 201064.3%+0.34pp
- 200964.0%+0.25pp
- 200863.7%+1.96pp
- 200761.8%+0.89pp
- 200660.9%+33.56pp
- 200527.3%-34.43pp
- 200461.7%+33.09pp
- 200328.7%—
- 200165.4%—
Gross Margin values are taken from Philip Morris International's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Philip Morris International (PM)
According to Philip Morris International's latest reported financial statements, the company's latest reported gross margin is 67.3%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Philip Morris International (PM) came in at 67.12% – expanded 2.3 percentage points year-over-year.
68.06% stands as the all-time-high annual gross margin, posted in 2021, against a low of 27.31% during 2005.
Philip Morris International Gross Margin by Year
Philip Morris International Gross Margin 2025: 67.1%
Philip Morris International gross margin in 2025 was 67.12%, expanded 2.3 percentage points from 2024.
Philip Morris International Gross Margin 2024: 64.8%
2024's gross margin for Philip Morris International came in at 64.81%, expanded 1.5 percentage points from 2023.
Philip Morris International Gross Margin 2023: 63.3%
Philip Morris International posted gross margin of 63.35% in 2023, contracted 0.8 percentage points from 2022.
Philip Morris International Gross Margin 2022: 64.1%
In 2022, Philip Morris International reported gross margin of 64.10%, contracted 4.0 percentage points from 2021.
Philip Morris International Gross Margin 2021: 68.1%
Philip Morris International gross margin in 2021 was 68.06%.
See more financial history for Philip Morris International (PM).
Sector peers by Gross Margin
Consumer Defensive peers of Philip Morris International (PM), ranked by their latest gross margin
| 67.8% | |
| 61.7% | |
| 55.5% | |
| 54.1% | |
| 50.3% | |
| 28.8% | |
| 25.0% | |
| 12.9% |
- 67.8%
- 61.7%
- 54.1%
- 25.0%
- 12.9%
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