Philip Morris International Inc (PM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 24,549,000 | 22,281,000 | 20,360,000 | 21,375,000 | 19,125,000 |
| Revenue | US$ in thousands | 37,576,000 | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 |
| Gross profit margin | 65.33% | 65.90% | 17.66% | 18.38% | 17.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $24,549,000K ÷ $37,576,000K
= 65.33%
Over the period from December 31, 2020, to December 31, 2024, Philip Morris International Inc's gross profit margin exhibited fluctuations. The gross profit margin increased from 17.83% in December 2020 to 18.38% in December 2021, indicating an improvement in the company's ability to generate profits from its revenue after accounting for the cost of goods sold. However, there was a slight decline in the gross profit margin to 17.66% by December 2022.
The most significant change occurred between December 31, 2022, and December 31, 2023, where the gross profit margin surged dramatically from 17.66% to 65.90%. This substantial increase suggests a significant boost in the profitability of the company, potentially due to operational efficiencies, pricing strategies, or cost management initiatives.
Subsequently, the gross profit margin remained relatively high at 65.33% by December 31, 2024, indicating continued strong profitability for Philip Morris International Inc. Overall, the company has shown a mix of fluctuations and a notable surge in its gross profit margin over the analyzed period, reflecting changes in the efficiency of its production processes and cost structures.