Philip Morris International Inc (PM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 13,402,000 | 11,556,000 | 12,246,000 | 12,975,000 | 11,668,000 |
| Revenue | US$ in thousands | 37,576,000 | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 |
| Operating profit margin | 35.67% | 34.18% | 10.62% | 11.16% | 10.88% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $13,402,000K ÷ $37,576,000K
= 35.67%
Based on the data provided, Philip Morris International Inc's operating profit margin has shown fluctuations over the years. In 2020, the operating profit margin was 10.88%, which slightly increased to 11.16% in 2021. However, the margin decreased to 10.62% in 2022 before experiencing a significant surge to 34.18% in 2023. The trend continued with a further increase to 35.67% in 2024.
The year-on-year variations in the operating profit margin indicate that Philip Morris International Inc's profitability has been inconsistent. The sharp rise in the operating profit margin in 2023 and 2024 could be attributed to factors such as cost-saving initiatives, revenue growth, or efficiency improvements in operations. It is important for the company to closely monitor and manage its costs and revenues to sustain and enhance its profitability over time.
Peer comparison
Dec 31, 2024