Philip Morris International Inc (PM)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 10,074,000 | 12,297,000 | 11,565,000 | 10,553,000 | 10,152,000 | 10,442,000 | 10,066,000 | 10,765,000 | 11,292,000 | 11,172,000 | 11,624,000 | 11,615,000 | 11,780,000 | 11,683,000 | 11,469,000 | 11,126,000 | 10,433,000 | 10,083,000 | 9,667,000 | 10,122,000 |
| Revenue (ttm) | US$ in thousands | 37,277,000 | 36,342,000 | 35,311,000 | 34,513,000 | 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 |
| Pretax margin | 27.02% | 33.84% | 32.75% | 30.58% | 18.80% | 14.04% | 10.56% | 9.31% | 9.79% | 9.63% | 9.96% | 9.98% | 10.13% | 12.41% | 12.43% | 12.55% | 11.97% | 11.53% | 11.03% | 11.13% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,074,000K ÷ $37,277,000K
= 27.02%
The pretax margin of Philip Morris International Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The pretax margin started at 11.13% in March 2020 and increased gradually to 12.55% in March 2021, indicating an improving trend in profitability before experiencing a decline in the following quarters.
The pretax margin dropped to 10.13% by December 2021 and continued to decrease to 9.31% by March 31, 2022. However, there was a notable increase in the pretax margin to 14.04% by September 30, 2023, and a significant rise to 30.58% by March 31, 2024, followed by a further increase to 33.84% by September 30, 2024, showcasing a substantial improvement in profitability during this period.
The pretax margin then decreased to 27.02% by December 31, 2024. Overall, the trend in pretax margin for Philip Morris International Inc demonstrates both fluctuations and periods of significant growth, suggesting varying levels of profitability and efficiency in managing operating expenses and generating pre-tax income during the analyzed period.
Peer comparison
Dec 31, 2024