• Philip Morris average net profit margin for 2023 was 24.2%, a 14.18% increase from 2022.
• Philip Morris average net profit margin for 2022 was 28.2%, a 3.75% decline from 2021.
• Philip Morris average net profit margin for 2021 was 29.3%, a 11.96% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.