Philip Morris International Inc (PM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,057,000 | 7,813,000 | 9,048,000 | 9,109,000 | 8,056,000 |
| Revenue | US$ in thousands | 37,576,000 | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 |
| Net profit margin | 18.78% | 23.11% | 7.85% | 7.83% | 7.51% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $7,057,000K ÷ $37,576,000K
= 18.78%
The net profit margin of Philip Morris International Inc has shown a generally positive trend over the past five years, increasing from 7.51% in December 31, 2020 to 18.78% in December 31, 2024. This indicates that the company has become more efficient in converting its revenues into profits.
The significant jump in net profit margin from 2023 to 2024, where it went from 23.11% to 18.78%, might be a result of various factors such as changes in operating expenses, revenue growth, or one-time events affecting the bottom line.
Overall, a higher net profit margin reflects better profitability and financial health for Philip Morris International Inc, showcasing its ability to manage costs and generate earnings relative to its revenue. However, it would be important to further investigate the underlying reasons for these fluctuations to assess the company's sustainability and competitive position in the market.
Peer comparison
Dec 31, 2024