Philip Morris International Inc (PM)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 22,281,000 | 21,637,000 | 20,758,000 | 20,203,000 | 20,360,000 | 20,716,000 | 21,145,000 | 21,202,000 | 21,375,000 | 20,950,000 | 20,454,000 | 19,685,000 | 19,125,000 | 19,188,000 | 19,195,000 | 19,757,000 | 19,292,000 | 19,075,000 | 18,924,000 | 18,872,000 |
| Revenue (ttm) | US$ in thousands | 53,999,000 | 74,368,000 | 95,357,000 | 115,671,000 | 115,302,000 | 116,067,000 | 116,655,000 | 116,360,000 | 116,285,000 | 94,126,000 | 92,269,000 | 88,660,000 | 87,178,000 | 87,447,000 | 87,638,000 | 90,928,000 | 89,750,000 | 89,536,000 | 88,543,000 | 88,831,000 |
| Gross profit margin | 41.26% | 29.09% | 21.77% | 17.47% | 17.66% | 17.85% | 18.13% | 18.22% | 18.38% | 22.26% | 22.17% | 22.20% | 21.94% | 21.94% | 21.90% | 21.73% | 21.50% | 21.30% | 21.37% | 21.24% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,281,000K ÷ $53,999,000K
= 41.26%
The gross profit margin of Philip Morris International Inc has exhibited considerable variability over the past eight quarters. In Q4 2023, the gross profit margin was 63.35%, indicating that the company retained approximately 63.35% of its revenue after accounting for the cost of goods sold. This figure represents a significant improvement from the previous quarter, where the margin was negative (-47.86%), suggesting that the company experienced a loss on its core operations in Q3 2023.
Furthermore, the gross profit margin in Q4 2023 also compares favorably to Q2 2023 and Q1 2023, where the margins were 38.85% and 62.72%, respectively. Notably, the gross profit margins in Q4 2023, Q2 2023, and Q1 2023 are all lower than the margins recorded in Q4 2022 (64.10%), Q3 2022 (64.12%), and Q2 2022 (66.03%), indicating a decreasing trend in profitability during the most recent quarters compared to the previous year.
Despite the fluctuations in the gross profit margin, it is essential for investors and stakeholders to closely monitor Philip Morris International Inc's performance and assess the factors contributing to the changes in profitability to make informed decisions regarding the company's financial health and future prospects.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Gross Profit Margin (Quarterly Data)