Return on Invested Capital (ROIC): 25.56%
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 25.56% is in line with its 5-year average of 27.79%, near the low end of its 5-year range (19.76%–40.60%).
As of Sunday, June 28, 2026. 0.24% above its 12-month average of 25.50%.
PM Return on Invested Capital (ROIC) Chart
Annual fiscal-year return on invested capital; no daily interpolation.
PM Average Return on Invested Capital (ROIC) Chart
PM Current vs Average Return on Invested Capital (ROIC) Chart
PM Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
25.56%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
25.50%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
23.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
27.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
28.99%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
31.52%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
31.27%
CURRENT VS TTM AVG
+0.24%
CURRENT VS 3Y AVG
+8.73%
CURRENT VS 5Y AVG
-8.04%
CURRENT VS 10Y AVG
-11.84%
CURRENT VS 15Y AVG
-18.90%
CURRENT VS 20Y AVG
-18.26%
PM Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $281.74B | 25.56% | 25.50% | 23.51% | 27.79% |
| The Procter & Gamble Company (PG)vs › | $346.84B | 16.47% | 15.93% | 15.71% | 15.22% |
| The Coca-Cola Company (KO)vs › | $355.51B | 13.00% | 11.73% | 11.68% | 11.07% |
| PepsiCo, Inc. (PEP)vs › | $193.27B | 13.29% | 13.51% | 13.40% | 12.79% |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $164.54B | 6.32% | 6.27% | 6.16% | 5.06% |
| Costco Wholesale Corporation (COST)vs › | $422.43B | 19.44% | 19.91% | 18.76% | 18.24% |
| Altria Group, Inc. (MO)vs › | $123.22B | 42.95% | 38.08% | 34.38% | 29.75% |
| Monster Beverage Corporation (MNST)vs › | $94.26B | 21.74% | 21.92% | 19.60% | 20.74% |
| Mondelez International, Inc. (MDLZ)vs › | $78.03B | 5.13% | 7.29% | 6.73% | 6.45% |
| Colgate-Palmolive Company (CL)vs › | $73.67B | 30.34% | 30.45% | 27.00% | 26.68% |
Capital Efficiency
ROIC
25.6%
ROE
-113.5%
Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The return on invested capital (ROIC) for PM stock is 25.56%.
- Is Philip Morris International Inc.'s return on invested capital (ROIC) high or low?
- The return on invested capital (ROIC) of 25.56% is in line with its 5-year average of 27.79%, near the low end of its 5-year range (19.76%–40.60%).
- What is the TTM average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The TTM average return on invested capital (ROIC) for PM stock is 25.50%.
- What is the 3Y average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The 3Y average return on invested capital (ROIC) for PM stock is 23.51%.
- What is the 5Y average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The 5Y average return on invested capital (ROIC) for PM stock is 27.79%.
- What is the 10Y average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The 10Y average return on invested capital (ROIC) for PM stock is 28.99%.
- What is the 15Y average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The 15Y average return on invested capital (ROIC) for PM stock is 31.52%.
- What is the 20Y average return on invested capital (ROIC) for Philip Morris International Inc. (PM)?
- The 20Y average return on invested capital (ROIC) for PM stock is 31.27%.
PM Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 25.56% |
| 2024-12-31 | 25.44% |
| 2023-12-31 | 19.76% |
| 2022-12-31 | 23.27% |
| 2021-12-31 | 40.60% |
| 2020-12-31 | 32.13% |
| 2019-12-31 | 28.56% |
| 2018-12-31 | 31.95% |
| 2017-12-31 | 22.97% |
| 2016-12-31 | 33.43% |
| 2015-12-31 | 35.25% |
| 2014-12-31 | 36.87% |
| 2013-12-31 | 39.12% |
| 2012-12-31 | 38.02% |
| 2011-12-31 | 39.28% |
| 2010-12-31 | 32.05% |
| 2009-12-31 | 28.82% |
| 2008-12-31 | 32.49% |
| 2007-12-31 | 26.04% |
| 2006-12-31 | 31.61% |
| 2005-12-31 | 33.45% |
| 2004-12-31 | 30.43% |
| 2003-12-31 | 23.32% |
| 2001-10-01 | 11.91% |
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