PM vs. IBM
PM (Philip Morris International Inc.) and IBM (International Business Machines Corporation) are both stocks. PM operates in Tobacco (Consumer Defensive), while IBM operates in Information Technology Services (Technology). Over the past 10 years, PM returned 12.29%/yr vs 7.27%/yr for IBM. At a 0.35 correlation, their price movements are largely independent.
Performance
PM vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 23.23% return, which is significantly higher than IBM's -29.62% return. Over the past 10 years, PM has outperformed IBM with an annualized return of 12.29%, while IBM has yielded a comparatively lower 7.27% annualized return.
PM
- 1D
- 3.33%
- 1M
- 13.13%
- 6M
- 17.09%
- YTD
- 23.23%
- 1Y
- 21.82%
- 3Y*
- 31.34%
- 5Y*
- 20.06%
- 10Y*
- 12.29%
- ALL TIME*
- 12.83%
IBM
- 1D
- -2.25%
- 1M
- -18.42%
- 6M
- -29.94%
- YTD
- -29.62%
- 1Y
- -25.16%
- 3Y*
- 17.72%
- 5Y*
- 13.12%
- 10Y*
- 7.27%
- ALL TIME*
- 6.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.16B | $3.21B | $2.77B | |
| $968.76M | $943.97M | $900.25M |
PM vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 23.23% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
IBM International Business Machines Corporation | -29.62% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between PM and IBM is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2008 | 0.35 |
The correlation between PM and IBM shifts across timeframes, from -0.04 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$302.83B
IBM:
$193.40B
PM:
$6.97
IBM:
$11.27
PM:
27.88
IBM:
18.26
PM:
3.03
IBM:
0.22
PM:
7.13
IBM:
2.83
PM:
$42.55B
IBM:
$69.10B
PM:
$28.72B
IBM:
$40.57B
PM:
$18.20B
IBM:
$14.95B
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Return for Risk
PM vs. IBM — Risk / Return Rank
PM
IBM
PM vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) and International Business Machines Corporation (IBM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PM | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.93 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.67 | +1.86 |
| Martin ratioReturn relative to average drawdown | 2.60 | -1.61 | +4.21 |
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Drawdowns
PM vs. IBM - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for PM and IBM.
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Drawdown Indicators
| PM | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -69.40% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -18.54% | -37.50% | +18.96% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -37.50% | +16.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -37.50% | +14.72% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -40.59% | -2.28% |
Current DrawdownCurrent decline from peak | 0.00% | -37.50% | +37.50% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -20.12% | +10.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 15.64% | -7.22% |
Volatility
PM vs. IBM - Volatility Comparison
The current volatility for Philip Morris International Inc. (PM) is 9.64%, while International Business Machines Corporation (IBM) has a volatility of 31.68%. This indicates that PM experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PM | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 31.68% | -22.04% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 46.08% | -23.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.11% | 48.33% | -19.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 29.88% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.62% | 27.98% | -3.36% |
Dividends
PM vs. IBM - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.03%, less than IBM's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 3.27% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
PM Philip Morris International Inc. | 3.03% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
PM vs. IBM - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International Inc. and International Business Machines Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PM vs. IBM - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported a gross profit of 7.66B and revenue of 11.19B. Therefore, the gross margin over that period was 68.4%.
IBM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, International Business Machines Corporation reported a gross profit of 9.91B and revenue of 17.16B. Therefore, the gross margin over that period was 57.7%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported an operating income of 4.53B and revenue of 11.19B, resulting in an operating margin of 40.5%.
IBM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, International Business Machines Corporation reported an operating income of 1.16B and revenue of 17.16B, resulting in an operating margin of 6.8%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Philip Morris International Inc. reported a net income of 2.82B and revenue of 11.19B, resulting in a net margin of 25.2%.
IBM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, International Business Machines Corporation reported a net income of 2.17B and revenue of 17.16B, resulting in a net margin of 12.6%.
Frequently Asked Questions
PM and IBM have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (31.68%) compared to PM (9.64%). In terms of maximum drawdown, PM dropped -42.87% vs IBM's -69.40%.
PM currently has the higher Sharpe Ratio (0.79 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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