Philip Morris International Inc (PM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 10,074,000 | 10,152,000 | 11,292,000 | 11,780,000 | 10,433,000 |
| Revenue | US$ in thousands | 37,576,000 | 33,808,000 | 115,302,000 | 116,285,000 | 107,266,000 |
| Pretax margin | 26.81% | 30.03% | 9.79% | 10.13% | 9.73% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $10,074,000K ÷ $37,576,000K
= 26.81%
The pretax margin of Philip Morris International Inc has shown fluctuating trends over the years, from 9.73% in December 2020 increasing to 10.13% in December 2021, then dropping slightly to 9.79% in December 2022. However, there was a significant jump in profitability with a pretax margin of 30.03% in December 2023, followed by a strong performance in December 2024 with a pretax margin of 26.81%. Overall, the company has demonstrated improvements in its operational efficiency and cost management, leading to higher profitability levels in recent years. It is essential for stakeholders to monitor these ratios as they provide insights into the company's ability to generate profits before taxes relative to its revenue.
Peer comparison
Dec 31, 2024