Philip Morris International (BSP:PHMO34) OCF Margin %: 49.07% (As of Jun. 2026) — 53% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:PHMO34 Philip Morris International Inc BSP:PHMO34
71 GF Score
Price R$60.80
GF Value R$47.93
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Philip Morris International OCF Margin %?

Philip Morris International BSP:PHMO34 71 OCF Margin % is 49.07% as of Jun. 2026, which is 53% above its 10-year median of 32.12. GuruFocus rates BSP:PHMO34 with a GF Score™ of 71/100 and a GF Value™ of R$47.93 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 47 Tobacco Products companies, Philip Morris International ranks better than 82.98% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Philip Morris International's Cash Flow from Operations for the three months ended in Jun. 2026 was R$28,142 Mil. Philip Morris International's Revenue for the three months ended in Jun. 2026 was R$57,349 Mil. Therefore, Philip Morris International's OCF Margin % for the quarter that ended in Jun. 2026 was 49.07%.

As of today, Philip Morris International's current OCF Yield % is 4.74%.

The historical rank and industry rank for Philip Morris International's OCF Margin % or its related term are showing as below:

BSP:PHMO34' s OCF Margin % Range Over the Past 10 Years
Min: 26.17   Med: 32.12   Max: 38.11
Current: 33.62


During the past 13 years, the highest OCF Margin % of Philip Morris International was 38.11%. The lowest was 26.17%. And the median was 32.12%.

BSP:PHMO34's OCF Margin % is ranked better than
82.98% of 47 companies
in the Tobacco Products industry
Industry Median: 7.1 vs BSP:PHMO34: 33.62


Philip Morris International OCF Margin % Related Terms


Philip Morris International OCF Margin % Historical Data

* Premium members only.

The historical data trend for Philip Morris International's OCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Philip Morris International OCF Margin % Chart

Philip Morris International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.11 34.01 26.17 32.25 30.09

Philip Morris International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.65 41.14 45.44 -3.93 49.07

BSP:PHMO34 vs MO, TPB, UVV: OCF Margin % Comparison

For the Tobacco subindustry, Philip Morris International's OCF Margin %, along with its competitors' market caps and OCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Philip Morris International OCF Margin % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Philip Morris International's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Philip Morris International's OCF Margin % falls into.


BSP:PHMO34
71GF Score
Philip Morris International Inc BSP:PHMO34
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Philip Morris International OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Philip Morris International's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=66739.578/221763.294
=30.09 %

Philip Morris International's OCF Margin for the quarter that ended in Jun. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=28141.557/57348.927
=49.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 49.07% mean?
Philip Morris International (BSP:PHMO34) has a OCF Margin % of 49.07% as of Jun. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Philip Morris International and its competitors. This is 53% above median its historical median of 32.12. Over the past decade, Philip Morris International's OCF Margin % has ranged from 26.17 to 38.11. According to the industry distribution chart, Philip Morris International ranks #8 out of 47 companies in the Tobacco Products industry, placing it in the top 17%.
Is Philip Morris International's OCF Margin % too high?
Philip Morris International's current OCF Margin % of 49.07% is 53% above median its 10-year median of 32.12. Over the past 10 years, this metric has ranged from a low of 26.17 to a high of 38.11. The Tobacco Products industry median OCF Margin % is 7.10. Philip Morris International's value of 49.07% is 591.1% above this industry median. Based on the distribution chart, Philip Morris International ranks #8 out of 47 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Philip Morris International has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's OCF Margin % compare to MO and TPB?
According to the Tobacco Products industry distribution chart, Philip Morris International ranks #8 out of 47 companies for OCF Margin %. This places Philip Morris International in the top 17% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 7.10. Philip Morris International's value of 49.07% is 591.1% above this benchmark. Historically, Philip Morris International's own OCF Margin % has ranged from 26.17 to 38.11 over the past decade. While the company's 10-year median is 32.12 vs. the industry median of 7.10, Philip Morris International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Tobacco Products company?
The median OCF Margin % among Tobacco Products companies is 7.10, based on 47 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Philip Morris International's current OCF Margin % of 49.07% is 591.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Philip Morris International and its competitors. For the Tobacco Products industry, the median OCF Margin % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Philip Morris International's current OCF Margin % is 49.07%, which is 53% above median its own 10-year median of 32.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philip Morris International stock overvalued right now?
Based on GuruFocus' analysis, Philip Morris International (BSP:PHMO34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$47.93, compared to a current price of R$60.80 — trading 26.8% above its estimated fair value. The current OCF Margin % is 49.07%, which is 53% above median its 10-year median of 32.12 and 591.1% above the Tobacco Products industry median of 7.10. Philip Morris International's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Philip Morris International (BSP:PHMO34), the current OCF Margin % is 49.07% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Philip Morris International (BSP:PHMO34) Overvalued in 2026?

Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued. The current stock price of R$60.80 is trading 26.8% above its estimated GF Value™ of R$47.93. GuruFocus considers Philip Morris International to be Modestly Overvalued.

Key valuation signals for BSP:PHMO34:

  • OCF Margin %: 49.07% (53% above median its 10-year median of 32.12)
  • GF Value™: R$47.93 vs. price of R$60.80 (26.8% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 591.1% above the Tobacco Products median (#8 of 47)

No single metric tells the full story. See the BSP:PHMO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Philip Morris International Business Description

Address 677 Washington Boulevard, Suite 1100, Stamford, CT, USA, 06901
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
71GF Score

Get the complete analysis for BSP:PHMO34

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$60.80
Price
R$47.93
GF Value