Philip Morris International Inc (PM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,556,000 | 11,591,000 | 11,189,000 | 11,679,000 | 12,246,000 | 12,269,000 | 12,756,000 | 12,829,000 | 12,975,000 | 12,933,000 | 12,721,000 | 12,323,000 | 11,668,000 | 11,269,000 | 10,814,000 | 11,270,000 | 10,531,000 | 10,727,000 | 11,095,000 | 11,001,000 |
| 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 |
| Operating profit margin | 21.40% | 15.59% | 11.73% | 10.10% | 10.62% | 10.57% | 10.93% | 11.03% | 11.16% | 13.74% | 13.79% | 13.90% | 13.38% | 12.89% | 12.34% | 12.39% | 11.73% | 11.98% | 12.53% | 12.38% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $11,556,000K ÷ $53,999,000K
= 21.40%
Philip Morris International Inc's operating profit margin has shown fluctuations over the past eight quarters. In Q3 2023, the operating profit margin was exceptionally high at 135.57%, indicating a surge in profitability compared to previous quarters. This spike may have been due to specific factors impacting the company's operations during that period.
In contrast, the operating profit margin in Q2 2023 and Q1 2023 was 55.13% and 36.80%, respectively, reflecting a significant decrease from Q3 2023. These fluctuations suggest potential instability or varying performance trends within the company during these periods.
Overall, Philip Morris International Inc's operating profit margin has ranged from 34.74% to 135.57% over the past eight quarters, with an average margin of approximately 47.34%. It is essential to further analyze the company's financial and operational strategies to understand the reasons behind these fluctuations and determine the sustainability of its profitability levels.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Operating Profit Margin (Quarterly Data)