Philip Morris International (PM) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +11.9% | +4.1% | -10.7% | -0.2% | +7.5% | +3.9% | — | — | — | — | — | — |
| 2025 | +8.2% | +19.3% | +3.1% | +8.0% | +5.4% | +1.6% | -9.9% | +1.9% | -3.0% | -10.2% | +9.1% | +2.8% |
| 2024 | -3.4% | -1.0% | +3.3% | +3.6% | +6.8% | +1.2% | +13.6% | +7.1% | -0.4% | +9.3% | +0.3% | -8.5% |
| 2023 | +3.0% | -6.7% | +1.3% | +2.8% | -10.0% | +9.9% | +2.1% | -3.7% | -2.3% | -3.7% | +4.7% | +2.2% |
| 2022 | +8.3% | -1.7% | -5.8% | +6.4% | +6.3% | -5.9% | -1.6% | -1.7% | -11.8% | +10.7% | +8.5% | +2.8% |
| 2021 | -3.8% | +5.5% | +7.0% | +7.1% | +1.5% | +4.0% | +1.0% | +2.9% | -6.8% | -0.3% | -9.1% | +12.1% |
| 2020 | -2.8% | -1.0% | -9.3% | +2.2% | -1.7% | -3.0% | +9.6% | +3.9% | -4.5% | -5.3% | +6.7% | +10.9% |
| 2019 | +14.9% | +13.3% | +3.0% | -2.1% | -10.9% | +3.3% | +6.5% | -13.8% | +7.1% | +7.3% | +1.8% | +4.0% |
| 2018 | +1.5% | -3.4% | -3.0% | -17.5% | -3.0% | +3.0% | +6.9% | -9.7% | +6.2% | +8.0% | -1.8% | -21.7% |
| 2017 | +5.1% | +13.7% | +4.2% | -1.8% | +8.1% | -1.1% | -0.6% | +0.2% | -4.2% | -5.7% | -1.8% | +3.8% |
| 2016 | +2.4% | +1.1% | +8.9% | +0.0% | +0.6% | +4.1% | -1.4% | -0.3% | -1.7% | -0.8% | -8.5% | +4.8% |
| 2015 | -1.5% | +3.4% | -8.1% | +10.8% | -0.5% | -2.3% | +6.7% | -6.7% | +0.7% | +11.4% | -1.1% | +1.8% |
| 2014 | -10.3% | +3.5% | +2.4% | +4.4% | +3.6% | -3.8% | -2.7% | +4.4% | -1.4% | +6.7% | -2.3% | -5.2% |
| 2013 | +5.4% | +4.1% | +2.0% | +3.1% | -4.9% | -3.8% | +2.9% | -6.4% | +4.9% | +2.9% | -4.0% | +3.0% |
| 2012 | -4.7% | +11.7% | +7.0% | +1.0% | -5.6% | +4.2% | +4.8% | -2.3% | +1.7% | -1.5% | +1.5% | -6.9% |
| 2011 | -2.2% | +9.7% | +5.6% | +5.8% | +3.3% | -6.1% | +6.6% | -2.6% | -8.9% | +12.0% | +9.1% | +4.0% |
| 2010 | -5.5% | +7.6% | +7.6% | -5.9% | -10.1% | +5.2% | +11.4% | +0.6% | +10.3% | +4.4% | -2.7% | +4.0% |
| 2009 | -14.6% | -9.9% | +7.8% | +1.7% | +17.8% | +3.6% | +6.9% | -1.9% | +7.9% | -2.8% | +1.5% | +1.4% |
| 2008 | — | — | — | +0.9% | +3.2% | -5.4% | +4.6% | +4.0% | -9.5% | -9.6% | -3.0% | +4.5% |
| Avg | +0.6% | +4.1% | +1.5% | +1.6% | +0.9% | +0.5% | +3.7% | -1.4% | -0.9% | +1.8% | +0.5% | +1.1% |
| Median | +0.0% | +3.8% | +3.0% | +2.2% | +1.5% | +1.4% | +4.7% | -1.0% | -1.6% | +1.3% | -0.4% | +2.9% |
| Last 5Y Avg | +5.6% | +2.8% | -1.8% | +4.1% | +3.2% | +2.2% | +1.0% | +1.3% | -4.9% | +1.2% | +2.7% | +2.3% |
| Std Dev (σ) | 7.6% | 7.6% | 6.2% | 6.1% | 7.3% | 4.6% | 5.7% | 5.3% | 6.3% | 7.2% | 5.5% | 7.7% |
| Consistency (μ/σ) | 0.09 | 0.54 | 0.24 | 0.26 | 0.13 | 0.11 | 0.66 | -0.25 | -0.14 | 0.25 | 0.09 | 0.14 |
| Win Rate (%) | 50% | 67% | 72% | 74% | 58% | 56% | 72% | 44% | 39% | 50% | 50% | 78% |
| Winning / Losing Months | ▲9▼9 | ▲12▼6 | ▲13▼5 | ▲14▼5 | ▲11▼8 | ▲10▼8 | ▲13▼5 | ▲8▼10 | ▲7▼11 | ▲9▼9 | ▲9▼9 | ▲14▼4 |
| Longest Win / Loss Streak | ▲4▼4 | ▲8▼3 | ▲6▼1 | ▲6▼3 | ▲3▼3 | ▲3▼3 | ▲6▼2 | ▲2▼3 | ▲2▼6 | ▲3▼2 | ▲4▼6 | ▲5▼1 |
| Best | +14.9%in January 2019 | +19.3%in February 2025 | +8.9%in March 2016 | +10.8%in April 2015 | +17.8%in May 2009 | +9.9%in June 2023 | +13.6%in July 2024 | +7.1%in August 2024 | +10.3%in September 2010 | +12.0%in October 2011 | +9.1%in November 2011 | +12.1%in December 2021 |
| Worst | -14.6%in January 2009 | -9.9%in February 2009 | -10.7%in March 2026 | -17.5%in April 2018 | -10.9%in May 2019 | -6.1%in June 2011 | -9.9%in July 2025 | -13.8%in August 2019 | -11.8%in September 2022 | -10.2%in October 2025 | -9.1%in November 2021 | -21.7%in December 2018 |
−21.7%+19.3%
2026
Jan+11.9%
Feb+4.1%
Mar-10.7%
Apr-0.2%
May+7.5%
Jun+3.9%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+8.2%
Feb+19.3%
Mar+3.1%
Apr+8.0%
May+5.4%
Jun+1.6%
Jul-9.9%
Aug+1.9%
Sep-3.0%
Oct-10.2%
Nov+9.1%
Dec+2.8%
2024
Jan-3.4%
Feb-1.0%
Mar+3.3%
Apr+3.6%
May+6.8%
Jun+1.2%
Jul+13.6%
Aug+7.1%
Sep-0.4%
Oct+9.3%
Nov+0.3%
Dec-8.5%
2023
Jan+3.0%
Feb-6.7%
Mar+1.3%
Apr+2.8%
May-10.0%
Jun+9.9%
Jul+2.1%
Aug-3.7%
Sep-2.3%
Oct-3.7%
Nov+4.7%
Dec+2.2%
2022
Jan+8.3%
Feb-1.7%
Mar-5.8%
Apr+6.4%
May+6.3%
Jun-5.9%
Jul-1.6%
Aug-1.7%
Sep-11.8%
Oct+10.7%
Nov+8.5%
Dec+2.8%
2021
Jan-3.8%
Feb+5.5%
Mar+7.0%
Apr+7.1%
May+1.5%
Jun+4.0%
Jul+1.0%
Aug+2.9%
Sep-6.8%
Oct-0.3%
Nov-9.1%
Dec+12.1%
2020
Jan-2.8%
Feb-1.0%
Mar-9.3%
Apr+2.2%
May-1.7%
Jun-3.0%
Jul+9.6%
Aug+3.9%
Sep-4.5%
Oct-5.3%
Nov+6.7%
Dec+10.9%
2019
Jan+14.9%
Feb+13.3%
Mar+3.0%
Apr-2.1%
May-10.9%
Jun+3.3%
Jul+6.5%
Aug-13.8%
Sep+7.1%
Oct+7.3%
Nov+1.8%
Dec+4.0%
2018
Jan+1.5%
Feb-3.4%
Mar-3.0%
Apr-17.5%
May-3.0%
Jun+3.0%
Jul+6.9%
Aug-9.7%
Sep+6.2%
Oct+8.0%
Nov-1.8%
Dec-21.7%
2017
Jan+5.1%
Feb+13.7%
Mar+4.2%
Apr-1.8%
May+8.1%
Jun-1.1%
Jul-0.6%
Aug+0.2%
Sep-4.2%
Oct-5.7%
Nov-1.8%
Dec+3.8%
2016
Jan+2.4%
Feb+1.1%
Mar+8.9%
Apr+0.0%
May+0.6%
Jun+4.1%
Jul-1.4%
Aug-0.3%
Sep-1.7%
Oct-0.8%
Nov-8.5%
Dec+4.8%
2015
Jan-1.5%
Feb+3.4%
Mar-8.1%
Apr+10.8%
May-0.5%
Jun-2.3%
Jul+6.7%
Aug-6.7%
Sep+0.7%
Oct+11.4%
Nov-1.1%
Dec+1.8%
2014
Jan-10.3%
Feb+3.5%
Mar+2.4%
Apr+4.4%
May+3.6%
Jun-3.8%
Jul-2.7%
Aug+4.4%
Sep-1.4%
Oct+6.7%
Nov-2.3%
Dec-5.2%
2013
Jan+5.4%
Feb+4.1%
Mar+2.0%
Apr+3.1%
May-4.9%
Jun-3.8%
Jul+2.9%
Aug-6.4%
Sep+4.9%
Oct+2.9%
Nov-4.0%
Dec+3.0%
2012
Jan-4.7%
Feb+11.7%
Mar+7.0%
Apr+1.0%
May-5.6%
Jun+4.2%
Jul+4.8%
Aug-2.3%
Sep+1.7%
Oct-1.5%
Nov+1.5%
Dec-6.9%
2011
Jan-2.2%
Feb+9.7%
Mar+5.6%
Apr+5.8%
May+3.3%
Jun-6.1%
Jul+6.6%
Aug-2.6%
Sep-8.9%
Oct+12.0%
Nov+9.1%
Dec+4.0%
2010
Jan-5.5%
Feb+7.6%
Mar+7.6%
Apr-5.9%
May-10.1%
Jun+5.2%
Jul+11.4%
Aug+0.6%
Sep+10.3%
Oct+4.4%
Nov-2.7%
Dec+4.0%
2009
Jan-14.6%
Feb-9.9%
Mar+7.8%
Apr+1.7%
May+17.8%
Jun+3.6%
Jul+6.9%
Aug-1.9%
Sep+7.9%
Oct-2.8%
Nov+1.5%
Dec+1.4%
2008
Jan—
Feb—
Mar—
Apr+0.9%
May+3.2%
Jun-5.4%
Jul+4.6%
Aug+4.0%
Sep-9.5%
Oct-9.6%
Nov-3.0%
Dec+4.5%
Avg
Jan+0.6%
Feb+4.1%
Mar+1.5%
Apr+1.6%
May+0.9%
Jun+0.5%
Jul+3.7%
Aug-1.4%
Sep-0.9%
Oct+1.8%
Nov+0.5%
Dec+1.1%
Median
Jan+0.0%
Feb+3.8%
Mar+3.0%
Apr+2.2%
May+1.5%
Jun+1.4%
Jul+4.7%
Aug-1.0%
Sep-1.6%
Oct+1.3%
Nov-0.4%
Dec+2.9%
Last 5Y Avg
Jan+5.6%
Feb+2.8%
Mar-1.8%
Apr+4.1%
May+3.2%
Jun+2.2%
Jul+1.0%
Aug+1.3%
Sep-4.9%
Oct+1.2%
Nov+2.7%
Dec+2.3%
Std Dev (σ)
Jan7.6%
Feb7.6%
Mar6.2%
Apr6.1%
May7.3%
Jun4.6%
Jul5.7%
Aug5.3%
Sep6.3%
Oct7.2%
Nov5.5%
Dec7.7%
Consistency (μ/σ)
Jan0.09
Feb0.54
Mar0.24
Apr0.26
May0.13
Jun0.11
Jul0.66
Aug-0.25
Sep-0.14
Oct0.25
Nov0.09
Dec0.14
Win Rate (%)
Jan50%
Feb67%
Mar72%
Apr74%
May58%
Jun56%
Jul72%
Aug44%
Sep39%
Oct50%
Nov50%
Dec78%
Winning / Losing Months
Jan▲9▼9
Feb▲12▼6
Mar▲13▼5
Apr▲14▼5
May▲11▼8
Jun▲10▼8
Jul▲13▼5
Aug▲8▼10
Sep▲7▼11
Oct▲9▼9
Nov▲9▼9
Dec▲14▼4
Longest Win / Loss Streak
Jan▲4▼4
Feb▲8▼3
Mar▲6▼1
Apr▲6▼3
May▲3▼3
Jun▲3▼3
Jul▲6▼2
Aug▲2▼3
Sep▲2▼6
Oct▲3▼2
Nov▲4▼6
Dec▲5▼1
Best
Jan+14.9%2019
Feb+19.3%2025
Mar+8.9%2016
Apr+10.8%2015
May+17.8%2009
Jun+9.9%2023
Jul+13.6%2024
Aug+7.1%2024
Sep+10.3%2010
Oct+12.0%2011
Nov+9.1%2011
Dec+12.1%2021
Worst
Jan-14.6%2009
Feb-9.9%2009
Mar-10.7%2026
Apr-17.5%2018
May-10.9%2019
Jun-6.1%2011
Jul-9.9%2025
Aug-13.8%2019
Sep-11.8%2022
Oct-10.2%2025
Nov-9.1%2021
Dec-21.7%2018
−21.7%+19.3%
Frequently asked questions
Data & methodology
Philip Morris International (PM) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement