The Procter & Gamble Company (PG) vs Philip Morris International Inc. (PM)
PM leads on 11 of 16 compared metrics, though PG is the cheaper stock.
A side-by-side comparison of The Procter & Gamble Company and Philip Morris International Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 27, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
PG
The Procter & Gamble Company
$149.02Consumer Defensive
PM
Philip Morris International Inc.
$180.77Consumer Defensive
Total return — PG vs PM
growth of $100 · last 18yPG +122.3%PM +266.0%PM compounded faster
PG PM
PG vs PM: by the numbers
- •PG is the larger company ($346.84B vs $281.74B market cap).
- •PG trades at the lower earnings multiple (21.79 vs 25.42 P/E).
- •PM converts more revenue to profit (26.74% vs 19.22% net margin).
- •PM grew revenue faster over the past five years (7.34% vs 2.98% CAGR).
- •PM pays the higher dividend yield (3.25% vs 2.92%).
Which is better, PG or PM?
Metric tally: PG 5 · PM 11It depends on what you're optimizing for:
ValuePG(lower P/E)
GrowthPM(faster 5Y revenue CAGR)
IncomePM(higher dividend yield)
QualityPM(higher ROIC)
Metrics side by side
Valuation
| Metric | PG | PM |
|---|---|---|
| P/E ratio | 21.79● | 25.42 |
| Forward P/E | 21.09 | 19.81● |
| P/S ratio | 4.15● | 6.81 |
| P/B ratio | 6.61 | — |
| PEG ratio | 3.01 | 0.36● |
| EV / EBITDA | 16.57● | 19.01 |
| FCF yield | 4.17%● | 3.78% |
Profitability
| Metric | PG | PM |
|---|---|---|
| Gross margin | 50.33% | 67.30%● |
| Operating margin | 23.24% | 36.83%● |
| Net margin | 19.22% | 26.74%● |
| ROE | 30.58%● | -113.55% |
| ROIC | 16.47% | 25.56%● |
Dividends
| Metric | PG | PM |
|---|---|---|
| Dividend yield | 2.92% | 3.25%● |
| Payout ratio | 65.28% | 80.88% |
Growth (annualized)
| Metric | PG | PM |
|---|---|---|
| Revenue CAGR (5Y) | 2.98% | 7.34%● |
| EPS CAGR (5Y) | 5.39% | 7.10%● |
| FCF CAGR (5Y) | -1.64% | 4.58%● |
| Total return CAGR (5Y) | 4.64% | 17.89%● |
Frequently asked
- Which is better, PG or PM?
- It depends on your goal. value: PG (lower P/E); growth: PM (faster 5Y revenue CAGR); income: PM (higher dividend yield); quality: PM (higher ROIC). Across all compared metrics, PM leads 11 to 5.
- Is PG or PM cheaper?
- On trailing earnings, PG is cheaper: PG trades at a 21.79 P/E and PM at 25.42.
- Which has grown faster, PG or PM?
- Over the past five years, PM grew revenue faster — PG at a 2.98% CAGR versus PM at 7.34%.
- Does PG or PM pay a bigger dividend?
- PG yields 2.92% and PM yields 3.25% based on trailing dividends and the latest price.
- Is PG or PM more profitable?
- PM runs the higher net margin — PG at 19.22% versus PM at 26.74%.
- Which has been the better investment, PG or PM?
- Over the past 10-year, PM delivered the higher annualized total return — PG at 9.06% versus PM at 11.61%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Procter & Gamble P/E ratioPhilip Morris International P/E ratioProcter & Gamble dividend yieldPhilip Morris International dividend yieldProcter & Gamble ROEPhilip Morris International ROEProcter & Gamble operating marginPhilip Morris International operating marginProcter & Gamble revenue growthPhilip Morris International revenue growthProcter & Gamble free cash flowPhilip Morris International free cash flow
Procter & Gamble & 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 June 27, 2026.