Philip Morris International Inc (PM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 9,478,000 | 9,700,000 | 10,107,000 | 10,019,000 |
| 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 |
| Pretax margin | 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% | 10.56% | 10.83% | 11.41% | 11.28% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,152,000K ÷ $53,999,000K
= 18.80%
The pretax margin of Philip Morris International Inc has shown significant fluctuations over the past eight quarters. In Q3 2023, the pretax margin soared to an unusually high 127.22%, which could be an outlier or driven by specific events during that period. Prior to that, in Q2 2023, the pretax margin was robust at 51.83%, but it decreased in Q1 2023 to 35.34%.
Comparing these recent values to the same quarters in the previous year, we observe some volatility. The Q4 2023 pretax margin of 30.16% is lower than the Q4 2022 figure of 37.06%. Additionally, the Q3 2023 pretax margin of 127.22% is significantly higher than the Q3 2022 value of 38.14%.
Overall, the pretax margin of Philip Morris International Inc has been fluctuating, indicating potential variability in the company's profitability before accounting for taxes. It is essential for investors and analysts to delve deeper to understand the factors driving these fluctuations and to assess the company's financial performance accurately.
Peer comparison
Dec 31, 2023