EBITDA Margin: 43.40%
Is the EBITDA margin high or low?
The EBITDA margin of 43.40% is in line with its 5-year average of 41.07%, near the high end of its 5-year range (31.97%–45.84%).
As of Sunday, June 28, 2026. 3.30% above its 12-month average of 42.01%.
PM EBITDA Margin
Reported quarterly EBITDA margin; no daily interpolation.
PM Average EBITDA Margin Chart
PM Current vs Average EBITDA Margin Chart
PM EBITDA Margin Metrics
EBITDA MARGIN
43.40%
EBITDA MARGIN AVG TTM
42.01%
EBITDA MARGIN AVG 3Y
39.82%
EBITDA MARGIN AVG 5Y
41.07%
EBITDA MARGIN AVG 10Y
41.83%
EBITDA MARGIN AVG 15Y
42.64%
EBITDA MARGIN AVG 20Y
42.79%
CURRENT VS TTM AVG
+3.30%
CURRENT VS 3Y AVG
+8.99%
CURRENT VS 5Y AVG
+5.66%
CURRENT VS 10Y AVG
+3.74%
CURRENT VS 15Y AVG
+1.77%
CURRENT VS 20Y AVG
+1.42%
PM Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $281.74B | 43.40% | 42.01% | 39.82% | 41.07% |
| The Procter & Gamble Company (PG)vs › | $346.84B | 27.64% | 26.58% | 26.07% | 26.31% |
| The Coca-Cola Company (KO)vs › | $355.51B | 30.90% | 27.21% | 27.48% | 28.71% |
| PepsiCo, Inc. (PEP)vs › | $193.27B | 18.81% | 18.49% | 17.77% | 17.96% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $164.54B | 35.91% | 35.54% | 34.41% | 33.87% |
| Costco Wholesale Corporation (COST)vs › | $422.43B | 4.65% | 4.59% | 4.46% | 4.40% |
| Altria Group, Inc. (MO)vs › | $123.22B | 76.12% | 66.25% | 62.22% | 59.70% |
| Monster Beverage Corporation (MNST)vs › | $94.26B | 30.55% | 28.70% | 27.95% | 30.31% |
| Mondelez International, Inc. (MDLZ)vs › | $78.03B | 12.92% | 16.95% | 16.82% | 17.68% |
| Colgate-Palmolive Company (CL)vs › | $73.67B | 24.42% | 24.62% | 24.09% | 24.81% |
Margin Comparison
Gross Margin
67.3%
EBITDA Margin
43.4%
Operating Margin
36.8%
Net Margin
26.7%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EBITDA Margin FAQ
- What is the EBITDA margin for Philip Morris International Inc. (PM)?
- The EBITDA margin for PM stock is 43.40%.
- Is Philip Morris International Inc.'s EBITDA margin high or low?
- The EBITDA margin of 43.40% is in line with its 5-year average of 41.07%, near the high end of its 5-year range (31.97%–45.84%).
- What is the TTM average EBITDA margin for Philip Morris International Inc. (PM)?
- The TTM average EBITDA margin for PM stock is 42.01%.
- What is the 3Y average EBITDA margin for Philip Morris International Inc. (PM)?
- The 3Y average EBITDA margin for PM stock is 39.82%.
- What is the 5Y average EBITDA margin for Philip Morris International Inc. (PM)?
- The 5Y average EBITDA margin for PM stock is 41.07%.
- What is the 10Y average EBITDA margin for Philip Morris International Inc. (PM)?
- The 10Y average EBITDA margin for PM stock is 41.83%.
- What is the 15Y average EBITDA margin for Philip Morris International Inc. (PM)?
- The 15Y average EBITDA margin for PM stock is 42.64%.
- What is the 20Y average EBITDA margin for Philip Morris International Inc. (PM)?
- The 20Y average EBITDA margin for PM stock is 42.79%.
PM EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 43.40% |
| 2025-12-31 | 37.58% |
| 2025-09-30 | 43.96% |
| 2025-06-30 | 41.84% |
| 2025-03-31 | 43.26% |
| 2024-12-31 | 38.49% |
| 2024-09-30 | 41.89% |
| 2024-06-30 | 41.08% |
| 2024-03-31 | 38.80% |
| 2023-12-31 | 36.01% |
| 2023-09-30 | 41.56% |
| 2023-06-30 | 31.97% |
| 2023-03-31 | 37.79% |
| 2022-12-31 | 39.44% |
| 2022-09-30 | 41.41% |
| 2022-06-30 | 42.68% |
| 2022-03-31 | 45.84% |
| 2021-12-31 | 39.97% |
| 2021-09-30 | 45.43% |
| 2021-06-30 | 44.35% |
| 2021-03-31 | 45.72% |
| 2020-12-31 | 42.68% |
| 2020-09-30 | 46.76% |
| 2020-06-30 | 44.50% |
| 2020-03-31 | 42.36% |
| 2019-12-31 | 35.80% |
| 2019-09-30 | 39.61% |
| 2019-06-30 | 44.45% |
| 2019-03-31 | 33.91% |
| 2018-12-31 | 39.43% |
| 2018-09-30 | 45.24% |
| 2018-06-30 | 43.14% |
| 2018-03-31 | 38.60% |
| 2017-12-31 | 42.93% |
| 2017-09-30 | 44.33% |
| 2017-06-30 | 42.61% |
| 2017-03-31 | 43.09% |
| 2016-12-31 | 40.27% |
| 2016-09-30 | 45.33% |
| 2016-06-30 | 44.19% |
| 2016-03-31 | 43.53% |
| 2015-12-31 | 32.76% |
| 2015-09-30 | 45.37% |
| 2015-06-30 | 44.86% |
| 2015-03-31 | 46.30% |
| 2014-12-31 | 38.36% |
| 2014-09-30 | 45.43% |
| 2014-06-30 | 39.63% |
| 2014-03-31 | 46.05% |
| 2013-12-31 | 46.09% |
| 2013-09-30 | 48.15% |
| 2013-06-30 | 44.98% |
| 2013-03-31 | 47.68% |
| 2012-12-31 | 44.99% |
| 2012-09-30 | 48.47% |
| 2012-06-30 | 47.12% |
| 2012-03-31 | 48.74% |
| 2011-12-31 | -132.26% |
| 2011-09-30 | 3.00% |
| 2011-06-30 | 47.88% |
| 2011-03-31 | 47.80% |
| 2010-12-31 | 42.60% |
| 2010-09-30 | 46.36% |
| 2010-06-30 | 44.33% |
| 2010-03-31 | 42.10% |
| 2009-12-31 | 40.00% |
| 2009-09-30 | 46.49% |
| 2009-06-30 | 42.89% |
| 2009-03-31 | 44.90% |
| 2008-12-31 | 37.67% |
| 2008-09-30 | 41.75% |
| 2008-06-30 | 41.90% |
| 2008-03-31 | 56.39% |
| 2007-12-31 | 40.89% |
| 2007-09-30 | 45.42% |
| 2007-06-30 | 40.99% |
| 2007-03-31 | 41.34% |
| 2006-12-31 | 180.39% |
| 2006-09-30 | 100.00% |
| 2006-06-30 | 100.00% |
| 2006-03-31 | 100.00% |
| 2001-09-30 | 42.54% |
Related Metrics
About Philip Morris International Inc.
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
- Sector
- Consumer Defensive
- Industry
- Tobacco
- CEO
- Jacek Olczak