The Coca-Cola Company (KO) vs Philip Morris International Inc. (PM)
A side-by-side comparison of The Coca-Cola Company and Philip Morris International Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
KO
The Coca-Cola Company
$87.81Consumer DefensiveDelayed quote: Sep 25, 2026, 4:00 PM EDT
PM
Philip Morris International Inc.
$190.48Consumer DefensiveDelayed quote: Sep 25, 2026, 4:00 PM EDT
Total return — KO vs PM
growth of $100 · dividends reinvested · last 10yKO +176.5% (+10.7%/yr)PM +218.6% (+12.3%/yr)PM compounded faster over this window
KO PM
KO vs PM: by the numbers
- •KO is the larger company ($377.81B vs $296.88B market cap).
- •KO trades at the lower trailing earnings multiple (26.37 vs 27.37 P/E), one valuation lens rather than an overall verdict.
- •KO converts more revenue to profit (28.56% vs 25.56% net margin).
- •PM grew revenue faster over the past five years (7.19% vs 6.60% CAGR).
- •PM pays the higher dividend yield (3.08% vs 2.36%).
Metrics side by side
Valuation
| Metric | KO | PM |
|---|---|---|
| P/E ratio | 26.37 | 27.37 |
| Forward P/E | 26.57 | 22.75 |
| P/S ratio | 7.54 | 6.98 |
| P/B ratio | 10.45 | N/A |
| EV / EBITDA | 25.71 | 18.78 |
| FCF yield | 3.78% | 4.29% |
Profitability
| Metric | KO | PM |
|---|---|---|
| Gross margin | 61.89% | 67.51% |
| Operating margin | 29.63% | 37.75% |
| Net margin | 28.56% | 25.56% |
| ROE | 39.60% | N/A |
| ROIC | 13.91% | 26.30% |
Dividends
| Metric | KO | PM |
|---|---|---|
| Dividend yield | 2.36% | 3.08% |
| Payout ratio | 62.46% | 84.48% |
Growth (annualized)
| Metric | KO | PM |
|---|---|---|
| Revenue CAGR (5Y) | 6.60% | 7.19% |
| EPS CAGR (5Y) | 11.12% | 7.10% |
| FCF CAGR (5Y) | -9.38% | 4.43% |
| Total return CAGR (5Y) | 12.98% | 18.46% |
Frequently asked
- Which has the lower trailing P/E, KO or PM?
- KO has the lower trailing P/E: KO trades at 26.37 and PM at 27.37. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, KO or PM?
- Over the past five years, PM grew revenue faster — KO at a 6.60% CAGR versus PM at 7.19%.
- Does KO or PM pay a bigger dividend?
- KO yields 2.36% and PM yields 3.08% based on trailing dividends and the latest price.
- Is KO or PM more profitable?
- KO runs the higher net margin — KO at 28.56% versus PM at 25.56%.
- How have KO and PM total returns compared?
- Over the past 10 years, KO delivered 11.05% and PM delivered 12.40% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Coca-Cola P/E ratioPhilip Morris International P/E ratioCoca-Cola dividend yieldPhilip Morris International dividend yieldCoca-Cola ROEPhilip Morris International ROECoca-Cola operating marginPhilip Morris International operating marginCoca-Cola revenue growthPhilip Morris International revenue growthCoca-Cola free cash flowPhilip Morris International free cash flow
Coca-Cola & Philip Morris International appear in these rankings
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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.