K vs. PM

Last updated Jun 6, 2026

K (Kellogg Company) and PM (Philip Morris International Inc.) are both stocks. Both are in the Consumer Defensive sector — K in Packaged Foods, PM in Tobacco. At a 0.40 correlation, their price movements are largely independent.

Performance

K vs. PM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kellogg Company (K) and Philip Morris International Inc. (PM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

K

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PM

• 1D: 1.89%
• 1M: 4.27%
• YTD: 12.15%
• 6M: 22.81%
• 1Y: 1.58%
• 3Y*: 30.53%
• 5Y*: 18.22%
• 10Y*: 11.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

K vs. PM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%
PM Philip Morris International Inc.	12.15%	37.99%	34.34%	-1.85%	12.31%	20.78%	3.69%	35.02%	-33.30%	19.85%

Correlation

The correlation between K and PM is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008	0.40

Over the past year, the correlation between K and PM has dropped to 0.10 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Fundamentals

Market Cap K : $29.20B PM : $278.64B
EPS K : $3.65 PM : $7.12
PE Ratio K : 22.87 PM : 25.05
PEG Ratio K : 3.84 PM : 2.72
PS Ratio K : 2.30 PM : 6.70
Total Revenue (TTM) K : $12.67B PM : $41.49B
Gross Profit (TTM) K : $4.41B PM : $27.93B
EBITDA (TTM) K : $2.25B PM : $17.74B

Return for Risk

K vs. PM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PM

PM Risk / Return Rank: 41
PM Sharpe Ratio Rank: 44
PM Sortino Ratio Rank: 37
PM Omega Ratio Rank: 37
PM Calmar Ratio Rank: 43
PM Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

K vs. PM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kellogg Company (K) and Philip Morris International Inc. (PM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	K	PM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.53	—

Drawdowns

Drawdown Indicators

	K	PM	Difference
Max Drawdown Largest peak-to-trough decline	—	-42.87%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-20.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.87%	—
Current Drawdown Current decline from peak	—	-7.07%	—
Average Drawdown Average peak-to-trough decline	—	-10.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.78%	—

Volatility

Volatility by Period

	K	PM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.44%	—

Dividends

K vs. PM - Dividend Comparison

K's dividend yield for the trailing twelve months is around 1.39%, less than PM's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%
PM Philip Morris International Inc.	3.23%	3.52%	4.40%	5.46%	4.98%	5.16%	5.73%	5.43%	6.73%	3.99%	4.50%	4.60%

Financials

K vs. PM - Profitability Comparison

The chart below illustrates the profitability comparison between Kellogg Company and Philip Morris International Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

PM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

PM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

PM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.

Frequently Asked Questions

Can I hold both K and PM in my portfolio?

K and PM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.