Philip Morris (PM) Stock Analysis

October 26, 2026

This is a peer-relative look at Philip Morris (PM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Food, Beverage & Tobacco peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Philip Morris (PM)
Profile Item	PM
Name	Philip Morris International Inc.
Country/Region	United States
GICS Sector	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco
GICS Industry	Tobacco
GICS Sub-Industry	Tobacco
Market Capitalization	310.90 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 2008
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

Philip Morris (PM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Philip Morris (PM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Philip Morris (PM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Total Return (1Y)	30.96%	3.07%
Total Return (3Y, Annualized)	35.38%	3.83%
Total Return (5Y, Annualized)	20.98%	0.33%

Risk Profile

Drawdown History

GSPC

Philip Morris (PM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Philip Morris (PM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Volatility (1Y, Annualized)	28.21%	32.59%
Beta (5Y)	0.36	0.45
Max Drawdown (5Y)	-22.78%	-51.29%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. PM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Sharpe Ratio (1Y)	0.94	-0.04
Sortino Ratio (1Y)	1.41	-0.06

Profitability

ROE (TTM)

No usable ROE is available for Philip Morris (PM) this period, so the shareholder-equity return read is skipped.

PM

Food, Beverage & Tobacco industry group

Group distribution

Max: 32.81%
Q3: 17.07%
Median: 10.05%
Q1: 3.26%
Min: -16.01%
PM: --

Largest peers

PEP: 52.19%
KO: 42.05%
MNST: 25.70%
BTI: 13.42%
BUD: 11.39%
PM: --
MO: --

Philip Morris (PM) doesn’t report ROE this period; the box shows the Food, Beverage & Tobacco group’s distribution and the dots its largest members.

Net Margin (TTM)

Philip Morris (PM) keeps 24.83% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

PM

Food, Beverage & Tobacco industry group

24.83%

Group distribution

Max: 24.99%
PM: 24.83%
Q3: 11.09%
Median: 4.24%
Q1: 1.03%
Min: -13.81%

Largest peers

MO: 39.00%
KO: 28.56%
BTI: 24.99%
PM: 24.83%
MNST: 23.08%
BUD: 14.90%
PEP: 11.09%

Where Philip Morris (PM) stands on net margin within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Philip Morris (PM) turns 41.97% of revenue into operating profit on operating margin, above the industry benchmark range. Core operations are retaining an unusually large share before interest and taxes, which points to pricing power or tight cost control if the margin is sustainable.

PM

Food, Beverage & Tobacco industry group

41.97%

Group distribution

PM: 41.97%
Max: 34.91%
Q3: 17.00%
Median: 11.30%
Q1: 3.93%
Min: -15.06%

Largest peers

MO: 61.71%
PM: 41.97%
BTI: 34.91%
KO: 34.87%
MNST: 29.18%
BUD: 27.34%
PEP: 16.88%

Where Philip Morris (PM) stands on operating margin within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
ROE (TTM)	--	10.05%
ROA (TTM)	17.23%	5.25%
Net Margin (TTM)	24.83%	4.24%
Operating Margin (TTM)	41.97%	11.30%
Gross Margin (TTM)	67.72%	34.49%

Growth

Revenue Growth

Philip Morris (PM) grew revenue 7.31%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Philip Morris (PM): Revenue Growth across different time periods, set against Food, Beverage & Tobacco industry-group medians.

EPS Growth

Philip Morris (PM) grew earnings per share 60.26%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Philip Morris (PM): EPS Growth across different time periods, set against Food, Beverage & Tobacco industry-group medians.

Growth Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Revenue Growth (YoY)	7.31%	2.73%
Revenue Growth (3Y CAGR)	8.57%	2.51%
EPS Growth (YoY)	60.26%	-2.63%
EPS Growth (3Y CAGR)	7.71%	3.17%

Financial Strength

Current Ratio (MRQ)

Philip Morris (PM) has current ratio of 1.02, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

PM

Food, Beverage & Tobacco industry group

1.02

Group distribution

Max: 4.01
Q3: 2.39
Median: 1.50
PM: 1.02
Q1: 1.02
Min: 0.33

Largest peers

MNST: 3.73
KO: 1.31
PM: 1.02
PEP: 0.94
BTI: 0.84
BUD: 0.66
MO: 0.52

Where Philip Morris (PM) stands on current ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

No usable debt-to-equity ratio is available for Philip Morris (PM) this period, so the balance-sheet leverage read is skipped.

PM

Food, Beverage & Tobacco industry group

Group distribution

Max: 2.31
Q3: 1.16
Median: 0.71
Q1: 0.32
Min: 0.00
PM: --

Largest peers

PEP: 2.31
KO: 1.16
BTI: 0.72
BUD: 0.72
MNST: 0.01
PM: --
MO: --

Philip Morris (PM) doesn’t report debt-to-equity ratio this period; the box shows the Food, Beverage & Tobacco group’s distribution and the dots its largest members.

Financial Strength Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Current Ratio (MRQ)	1.02	1.50
Debt / Equity (MRQ)	--	0.71
Net Debt / EBITDA	1.99	2.56

Dividends

Dividend Yield (TTM)

Philip Morris (PM) has dividend yield of 2.98%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

PM

Food, Beverage & Tobacco industry group

2.98%

Group distribution

Max: 8.50%
Q3: 3.88%
PM: 2.98%
Median: 2.18%
Q1: 0.00%
Min: 0.00%

Largest peers

MO: 5.57%
PEP: 4.18%
BTI: 4.05%
PM: 2.98%
KO: 2.18%
BUD: 1.37%
MNST: 0.00%

Where Philip Morris (PM) stands on dividend yield within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Philip Morris (PM) has payout ratio of 84.48%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

PM

Food, Beverage & Tobacco industry group

84.48%

Group distribution

Max: 205.61%
PM: 84.48%
Q3: 83.97%
Median: 45.95%
Q1: 0.00%
Min: 0.00%

Largest peers

MO: 89.26%
PM: 84.48%
BTI: 83.97%
PEP: 73.02%
KO: 62.46%
BUD: 28.99%
MNST: 0.00%

Where Philip Morris (PM) stands on payout ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
Dividend Yield (TTM)	2.98%	2.18%
Dividend Payout Ratio (TTM)	84.48%	45.95%

Valuation

P/E Ratio (TTM)

Philip Morris (PM) trades at P/E ratio of 29.12, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

PM

Food, Beverage & Tobacco industry group

29.12

Group distribution

Max: 50.89
Q3: 30.76
PM: 29.12
Median: 19.44
Q1: 13.94
Min: 5.92

Largest peers

MNST: 42.77
PM: 29.12
KO: 27.84
BUD: 18.16
PEP: 17.08
MO: 15.64
BTI: 15.25

Where Philip Morris (PM) stands on P/E ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Philip Morris (PM) trades at 7.21 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

PM

Food, Beverage & Tobacco industry group

7.21

Group distribution

PM: 7.21
Max: 4.20
Q3: 2.32
Median: 1.06
Q1: 0.57
Min: 0.00

Largest peers

MNST: 9.82
KO: 7.96
PM: 7.21
MO: 6.07
BTI: 4.96
BUD: 2.65
PEP: 1.88

Where Philip Morris (PM) stands on P/S ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Philip Morris (PM) has negative P/B ratio of -39.18, which means reported book equity is negative. Price-to-book breaks down in this situation and should not be used as a valuation signal.

PM

Food, Beverage & Tobacco industry group

-39.18

Group distribution

Max: 6.01
Q3: 3.11
Median: 1.63
Q1: 0.85
Min: 0.00
PM: -39.18

Largest peers

KO: 11.04
BUD: 10.64
BTI: 10.34
MNST: 9.66
PEP: 8.31
PM: -39.18
MO: -46.50

Where Philip Morris (PM) stands on P/B ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Philip Morris (PM) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: PM	Industry group median
P/E Ratio (TTM)	29.12	19.44
P/S Ratio (TTM)	7.21	1.06
P/B Ratio (MRQ)	-39.18	1.63
Free Cash Flow Yield (TTM)	--	4.92%