Philip Morris International Inc. (PM) Earnings History
Annual and quarterly earnings data from 2003 to 2025
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PM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 67.1% | 36.7% | 27.9% |
| 2024 | 64.8% | 35.4% | 18.6% |
| 2023 | 63.3% | 32.9% | 22.1% |
| 2022 | 64.1% | 38.6% | 28.5% |
| 2021 | 68.1% | 41.3% | 29.0% |
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Philip Morris International Inc. (PM) Earnings Overview
As of May 8, 2026, Philip Morris International Inc. (PM) reported trailing twelve-month net income of $11.10B, reflecting +60.6% year-over-year growth. The company earned $7.10 per diluted share over the past four quarters, with a net profit margin of 27.9%.
Looking at the long-term picture, PM's 5-year EPS compound annual growth rate (CAGR) stands at +7.1%, showing solid earnings momentum. The company achieved its highest annual net income of $11.35B in fiscal 2025, representing a new all-time high.
Philip Morris International Inc. maintains industry-leading profitability with a gross margin of 67.1%, operating margin of 36.7%, and net margin of 27.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MO ($8.05B net income, 34.5% margin), BTI (-$10.75B net income, 11.9% margin), XXII (-$4M net income, -28.7% margin), PM has room to improve margins relative to the peer group. Compare PM vs MO →
PM Earnings vs Peers
Earnings metrics vs comparable public companies
PM Historical Earnings Data (2003–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.35B | +61.3% | $14.93B | $7.26 | 27.9% | 36.7% |
| 2024 | $7.03B | -9.7% | $13.40B | $4.52 | 18.6% | 35.4% |
| 2023 | $7.79B | -13.9% | $11.56B | $5.02 | 22.1% | 32.9% |
| 2022 | $9.05B | -0.7% | $12.25B | $5.81 | 28.5% | 38.6% |
| 2021 | $9.11B | +13.1% | $12.97B | $5.83 | 29.0% | 41.3% |
| 2020 | $8.06B | +12.1% | $11.72B | $5.16 | 28.1% | 40.8% |
| 2019 | $7.18B | -9.2% | $10.53B | $4.61 | 24.1% | 35.3% |
| 2018 | $7.91B | +31.1% | $11.34B | $5.09 | 26.7% | 38.3% |
| 2017 | $6.04B | -13.4% | $11.58B | $3.88 | 21.0% | 40.3% |
| 2016 | $6.97B | +1.4% | $10.90B | $4.48 | 26.1% | 40.9% |
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Start ComparisonPM — Frequently Asked Questions
Quick answers to the most common questions about buying PM stock.
Is PM growing earnings?
PM EPS is $7.10, with earnings growth accelerating to +60.6%. This exceeds the 5-year CAGR of +7.1%. TTM net income reached $11.1B.
What are PM's profit margins?
Philip Morris International Inc. net margin is +27.9%, with operating margin at +36.7%. Above-average margins indicate pricing power.
How consistent are PM's earnings?
PM earnings data spans 2003-2025. The accelerating earnings trend is +60.6% YoY. Historical data enables comparison across business cycles.