Last 47 quarters of trend data · Consumer Defensive · Tobacco
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.82 | 25.13 | 26.50 | 29.27 | 18.18 | 23.35 | 23.07 | — | 15.41 | 16.45 | 16.60 | 16.68 | 17.53 | 24.16 | 18.99 | 16.43 | 15.49 | 17.26 | 15.66 | 17.72 | 15.29 |
| — | +7.6% | +14.8% | — | +18.0% | +41.9% | +39.0% | — | -12.1% | -31.9% | -12.6% | +1.5% | +13.2% | +40.0% | +21.3% | -7.3% | +1.3% | -3.2% | +9.4% | +8.8% | +20.7% | |
| P/S Ratio | 7.19 | 6.32 | 6.37 | 6.03 | 5.83 | 7.00 | 6.64 | 4.82 | 4.76 | 4.16 | 4.05 | 4.04 | 3.93 | 4.23 | 4.71 | 4.82 | 4.01 | 4.89 | 4.71 | 4.56 | 4.55 |
| — | -9.7% | -4.1% | +25.0% | +22.3% | +68.0% | +63.9% | +19.4% | +21.1% | -1.5% | -14.0% | -16.1% | -1.9% | -13.6% | +0.1% | +5.6% | -11.9% | -3.9% | +3.1% | +5.3% | +16.0% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 27.40 | 13.83 | — | 14.65 | 15.42 | 23.21 | — | 12.57 | 15.94 | 9.25 | — | 12.22 | 11.82 | 12.30 | — | 14.30 | 11.44 | 11.70 | 41.00 | 9.88 | 9.94 |
| — | -40.4% | — | +16.5% | -3.2% | +151.0% | — | +2.9% | +34.9% | -24.8% | — | -14.5% | +3.3% | +5.1% | — | +44.8% | +15.0% | +6.0% | -69.7% | -7.4% | +17.9% | |
| EV / EBITDA | 19.86 | 17.96 | 17.31 | 18.87 | 15.66 | 19.51 | 18.15 | 15.31 | 14.08 | 12.98 | 13.83 | 14.66 | 12.41 | 17.09 | 16.15 | 15.32 | 11.33 | 13.18 | 12.01 | 13.22 | 11.69 |
| — | -7.9% | -4.6% | +23.3% | +11.2% | +50.3% | +31.2% | +4.4% | +13.5% | -24.0% | -14.4% | -4.3% | +9.6% | +29.7% | +34.5% | +15.9% | -3.1% | -0.7% | +1.6% | +9.6% | +15.0% | |
| EV / EBIT | 22.51 | 17.96 | 19.55 | 18.44 | 17.58 | 22.36 | 20.68 | 14.80 | 16.07 | 14.72 | 15.57 | 12.95 | 14.02 | 19.14 | 18.06 | 15.91 | 12.72 | 14.44 | 12.94 | 14.46 | 12.42 |
| — | -19.7% | -5.4% | +24.5% | +9.4% | +52.0% | +32.8% | +14.3% | +14.6% | -23.1% | -13.8% | -18.6% | +10.2% | +32.5% | +39.6% | +10.0% | +2.4% | +0.2% | +9.5% | +12.7% | +13.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.1% | 68.4% | 68.1% | 65.6% | 67.8% | 67.7% | 67.3% | 64.7% | 66.0% | 64.7% | 63.7% | 62.1% | 65.5% | 64.0% | 62.3% | 62.2% | 63.5% | 66.2% | 66.7% | 65.4% | 68.0% |
| — | +1.1% | +1.1% | +1.4% | +2.7% | +4.6% | +5.7% | +4.2% | +0.8% | +1.0% | +2.1% | -0.1% | +3.2% | -3.3% | -6.5% | -4.9% | -6.7% | -4.1% | -4.5% | -0.1% | +0.7% | |
| Operating Margin | 36.7% | 40.5% | 38.4% | 32.6% | 39.3% | 37.0% | 38.1% | 33.6% | 36.9% | 36.4% | 34.6% | 31.9% | 36.9% | 28.6% | 34.1% | 35.9% | 37.0% | 39.0% | 42.6% | 36.5% | 42.5% |
| — | +9.4% | +0.7% | -3.1% | +6.6% | +1.8% | +10.0% | +5.1% | +0.0% | +27.1% | +1.7% | -11.0% | -0.2% | -26.7% | -20.0% | -1.8% | -13.1% | -5.3% | +0.2% | -6.4% | -2.3% | |
| Net Margin | 27.9% | 25.2% | 24.0% | 20.7% | 32.1% | 30.0% | 28.9% | -6.0% | 31.1% | 25.4% | 24.4% | 24.3% | 22.5% | 17.5% | 24.9% | 29.4% | 26.0% | 28.5% | 30.1% | 25.8% | 29.9% |
| — | -16.0% | -16.9% | +446.4% | +3.1% | +17.9% | +18.4% | -124.6% | +38.4% | +45.3% | -1.8% | -17.4% | -13.5% | -38.7% | -17.3% | +13.8% | -13.0% | -0.3% | -5.6% | -2.7% | -3.6% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 17.3% | 4.1% | 3.5% | 3.1% | 5.1% | 4.5% | 4.2% | -0.9% | 4.6% | 3.7% | 3.3% | 3.4% | 3.3% | 2.5% | 3.2% | 4.7% | 5.1% | 5.4% | 5.6% | 5.1% | 5.9% |
| — | -9.7% | -16.7% | +449.2% | +10.4% | +24.0% | +28.9% | -126.3% | +41.1% | +45.1% | +2.0% | -26.8% | -35.6% | -53.1% | -42.6% | -7.3% | -13.3% | +0.1% | -1.7% | +7.3% | +0.1% | |
| ROIC | 33.2% | 9.0% | 7.8% | 6.9% | 8.6% | 7.7% | 7.8% | 7.1% | 7.4% | 7.0% | 6.2% | 6.0% | 6.9% | 5.2% | 5.7% | 9.1% | 14.7% | 14.2% | 15.6% | 14.3% | 16.7% |
| — | +17.3% | -0.8% | -2.4% | +15.4% | +9.7% | +25.5% | +18.6% | +8.2% | +34.3% | +8.6% | -34.4% | -53.3% | -63.4% | -63.2% | -36.1% | -11.8% | -6.3% | -4.4% | -8.1% | +2.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 2.88 | 10.83 | 11.80 | 12.54 | 10.50 | 12.13 | 12.32 | 12.23 | 11.86 | 12.64 | 14.77 | 14.71 | 12.56 | 16.70 | 15.55 | 13.41 | 8.18 | 8.39 | 8.27 | 8.58 | 7.89 |
| — | -10.7% | -4.2% | +2.5% | -11.4% | -4.0% | -16.6% | -16.8% | -5.6% | -24.4% | -5.0% | +9.6% | +53.5% | +99.1% | +88.1% | +56.2% | +3.8% | -3.1% | -2.5% | -13.5% | -6.9% | |
| Current Ratio | 0.96 | 0.98 | 0.98 | 0.96 | 0.85 | 0.83 | 0.79 | 0.88 | 0.89 | 0.94 | 0.94 | 0.75 | 0.89 | 0.85 | 0.85 | 0.72 | 0.92 | 0.89 | 0.92 | 0.92 | 1.00 |
| — | +18.0% | +23.5% | +8.9% | -4.7% | -11.5% | -16.1% | +17.6% | -0.1% | +9.9% | +10.6% | +4.3% | -2.8% | -4.6% | -7.2% | -22.0% | -8.2% | -24.2% | -22.1% | -16.0% | -11.2% | |
| Quick Ratio | 0.51 | 0.55 | 0.54 | 0.51 | 0.46 | 0.45 | 0.43 | 0.47 | 0.49 | 0.52 | 0.49 | 0.34 | 0.44 | 0.43 | 0.39 | 0.36 | 0.57 | 0.53 | 0.49 | 0.47 | 0.54 |
| — | +22.3% | +26.1% | +8.4% | -5.2% | -13.6% | -12.6% | +37.4% | +10.5% | +21.5% | +27.6% | -4.4% | -22.5% | -18.9% | -21.6% | -23.8% | +5.7% | -16.8% | -15.8% | -23.0% | -9.6% | |
| Interest Coverage | 9.75 | 18.66 | 16.45 | 4.75 | 18.47 | 13.36 | 14.66 | 4.08 | 19.25 | 10.43 | 10.13 | 5.00 | 12.88 | 8.62 | 11.78 | 18.21 | 21.46 | 24.21 | 21.39 | 20.27 | 22.54 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying PM stock.
Philip Morris International Inc.'s current P/E is 25.8x. The average P/E over the last 4 quarters is 24.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Philip Morris International Inc.'s current operating margin is 36.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Philip Morris International Inc.'s business trajectory between earnings reports.