CCEP vs. PM: Coca-Cola Europacific Partners vs. Philip Morris Stock Comparison

November 11, 2026

How do Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM) both fall under the Food, Beverage & Tobacco industry group, but CCEP is classified in Beverages while PM is classified in Tobacco.

Company profile comparison for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Profile Item	CCEP	PM
Name	Coca-Cola Europacific Partners PLC	Philip Morris International Inc.
Country/Region	United Kingdom	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Tobacco
GICS Sub-Industry	Soft Drinks & Non-alcoholic Beverages	Tobacco
Market Capitalization	50.97 billion USD	308.42 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 24, 1986	March 17, 2008
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CCEP

GSPC

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM), with S&P 500 (GSPC) for reference: 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 Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Total Return (1Y)	30.88%	30.82%
Total Return (3Y, Annualized)	27.90%	34.64%
Total Return (5Y, Annualized)	18.79%	21.10%

Risk Profile

Drawdown History

CCEP

GSPC

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM), with S&P 500 (GSPC) for reference: 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 Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Volatility (1Y, Annualized)	23.77%	28.46%
Beta (5Y)	0.53	0.35
Max Drawdown (5Y)	-28.16%	-22.78%
Avg. Volume (3M)	1.74M	4.48M

Risk-Adjusted Performance

Risk-Return Positioning

CCEP and PM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Sharpe Ratio (1Y)	1.12	0.93
Sortino Ratio (1Y)	1.73	1.39

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Coca-Cola Europacific Partners (CCEP) earns 23.54% on shareholders’ equity, ranked against its industry; Philip Morris (PM) has no ROE this period.

CCEP

Food, Beverage & Tobacco industry group

23.54%

Max: 32.02%
CCEP: 23.54%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

PM

Food, Beverage & Tobacco industry group

Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%
PM: --

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): PM does not report ROE, so it has no value marker; CCEP is benchmarked against the Food, Beverage & Tobacco industry group.

Net Margin (TTM)

Philip Morris (PM) at 24.83% retains a top-quartile share of revenue as profit, ahead of Coca-Cola Europacific Partners (CCEP) at 9.35%, which keeps about the industry-typical share.

CCEP

Food, Beverage & Tobacco industry group

9.35%

Max: 24.83%
Q3: 11.22%
CCEP: 9.35%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

PM

Food, Beverage & Tobacco industry group

24.83%

PM: 24.83%
Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Philip Morris (PM) at 41.94% turns sales into operating profit above its industry’s benchmark range, while Coca-Cola Europacific Partners (CCEP) at 13.40% operates around its industry’s norm.

CCEP

Food, Beverage & Tobacco industry group

13.40%

Max: 34.91%
Q3: 17.57%
CCEP: 13.40%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

PM

Food, Beverage & Tobacco industry group

41.94%

PM: 41.94%
Max: 34.91%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
ROE (TTM)	23.54%	--
ROA (TTM)	5.64%	16.88%
Net Margin (TTM)	9.35%	24.83%
Operating Margin (TTM)	13.40%	41.94%
Gross Margin (TTM)	35.57%	67.70%

Growth

Revenue Growth

Both Coca-Cola Europacific Partners (CCEP) at 2.27% and Philip Morris (PM) at 7.31% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Coca-Cola Europacific Partners (CCEP) at 38.31% and Philip Morris (PM) at 60.26% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Revenue Growth (YoY)	2.27%	7.31%
Revenue Growth (3Y CAGR)	6.46%	8.57%
EPS Growth (YoY)	38.31%	60.26%
EPS Growth (3Y CAGR)	8.99%	7.71%

Financial Strength

Current Ratio (MRQ)

Philip Morris (PM) at 1.02 keeps current ratio within its industry’s typical mid-range, while Coca-Cola Europacific Partners (CCEP) at 0.89 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CCEP.

CCEP

Food, Beverage & Tobacco industry group

0.89

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
CCEP: 0.89
Min: 0.33

PM

Food, Beverage & Tobacco industry group

1.02

Max: 4.01
Q3: 2.35
Median: 1.53
PM: 1.02
Q1: 1.02
Min: 0.33

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Coca-Cola Europacific Partners (CCEP) carries debt-to-equity ratio of 1.39 against its industry range, while Philip Morris (PM) reports no figure this period.

CCEP

Food, Beverage & Tobacco industry group

1.39

Max: 2.19
CCEP: 1.39
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

PM

Food, Beverage & Tobacco industry group

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00
PM: --

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): PM does not report debt-to-equity ratio, so it has no value marker; CCEP is benchmarked against the Food, Beverage & Tobacco industry group.

Financial Strength Metrics

Financial strength metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Current Ratio (MRQ)	0.89	1.02
Debt / Equity (MRQ)	1.39	--
Net Debt / EBITDA	2.89	2.04

Dividends

Dividend Yield (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 1.76% and Philip Morris (PM) at 2.98% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CCEP

Food, Beverage & Tobacco industry group

1.76%

Max: 9.38%
Q3: 3.77%
CCEP: 1.76%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

PM

Food, Beverage & Tobacco industry group

2.98%

Max: 9.38%
Q3: 3.77%
PM: 2.98%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Coca-Cola Europacific Partners (CCEP) at 46.62% pays out a band-typical share of earnings, while Philip Morris (PM) at 87.74% distributes more than its industry norm — less retained, thinner cover.

CCEP

Food, Beverage & Tobacco industry group

46.62%

Max: 199.19%
Q3: 81.03%
CCEP: 46.62%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

PM

Food, Beverage & Tobacco industry group

87.74%

Max: 199.19%
PM: 87.74%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
Dividend Yield (TTM)	1.76%	2.98%
Dividend Payout Ratio (TTM)	46.62%	87.74%

Valuation

P/E Ratio (TTM)

Both Coca-Cola Europacific Partners (CCEP) at 22.42 and Philip Morris (PM) at 28.89 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CCEP

Food, Beverage & Tobacco industry group

22.42

Max: 52.52
Q3: 30.78
CCEP: 22.42
Median: 18.76
Q1: 12.77
Min: 4.72

PM

Food, Beverage & Tobacco industry group

28.89

Max: 52.52
Q3: 30.78
PM: 28.89
Median: 18.76
Q1: 12.77
Min: 4.72

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Coca-Cola Europacific Partners (CCEP) at 2.39 sits in the upper P/S ratio quartile, and Philip Morris (PM) at 7.15 prices even higher, above its industry range.

CCEP

Food, Beverage & Tobacco industry group

2.39

Max: 4.64
CCEP: 2.39
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

PM

Food, Beverage & Tobacco industry group

7.15

PM: 7.15
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Philip Morris (PM) reports a negative P/B ratio of -38.86, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Coca-Cola Europacific Partners (CCEP) reports 5.53, ranking against industry peers normally.

CCEP

Food, Beverage & Tobacco industry group

5.53

Max: 6.35
CCEP: 5.53
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

PM

Food, Beverage & Tobacco industry group

-38.86

Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00
PM: -38.86

Coca-Cola Europacific Partners (CCEP) vs. Philip Morris (PM): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Coca-Cola Europacific Partners (CCEP) and Philip Morris (PM)
Metric	CCEP	PM
P/E Ratio (TTM)	22.42	28.89
P/S Ratio (TTM)	2.39	7.15
P/B Ratio (MRQ)	5.53	-38.86
Free Cash Flow Yield (TTM)	3.11%	3.74%