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.

Compare

Total return — KO vs PM

growth of $100 · dividends reinvested · last 10y
KO +176.5% (+10.7%/yr)PM +218.6% (+12.3%/yr)PM compounded faster over this window
100200300Start $10020182020202220242026$277$319
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

MetricKOPM
P/E ratio26.3727.37
Forward P/E26.5722.75
P/S ratio7.546.98
P/B ratio10.45N/A
EV / EBITDA25.7118.78
FCF yield3.78%4.29%

Profitability

MetricKOPM
Gross margin61.89%67.51%
Operating margin29.63%37.75%
Net margin28.56%25.56%
ROE39.60%N/A
ROIC13.91%26.30%

Dividends

MetricKOPM
Dividend yield2.36%3.08%
Payout ratio62.46%84.48%

Growth (annualized)

MetricKOPM
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.

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.