Philip Morris International Inc (PM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,813,000 | 9,048,000 | 9,109,000 | 8,056,000 | 7,185,000 |
| Revenue | US$ in thousands | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 | 110,502,000 |
| Net profit margin | 23.11% | 7.85% | 7.83% | 7.51% | 6.50% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $7,813,000K ÷ $33,808,000K
= 23.11%
The net profit margin of Philip Morris International Inc has exhibited fluctuations over the past five years. It decreased from 24.05% in 2019 to 22.15% in 2023. It reached its peak at 28.92% in 2021, following a consistent increase from 2019. However, there was a slight decline in the net profit margin in 2022 and 2023 from the high point in 2021.
Overall, the net profit margin of Philip Morris International Inc has demonstrated a generally stable and profitable performance, maintaining a level above 20% over the past five years. The fluctuations observed in the net profit margin may be attributed to changes in revenue, operating expenses, or other factors affecting the company's profitability. Further analysis would be required to understand the specific drivers behind these fluctuations and their implications for the company's financial health.
Peer comparison
Dec 31, 2023