Philip Morris International Inc. (PM) 10-Year Financial Performance & Capital Metrics

PM • • Industrial / General

Consumer DefensiveTobaccoTraditional Tobacco ProductsGlobal Cigarette Manufacturers

AboutPhilip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.Show more

Revenue $37.88B +7.7%
EBITDA $15.19B +17.3%
Net Income $7.03B -9.7%
EPS (Diluted) 4.52 -10.0%
Gross Margin 64.81% +2.3%
EBITDA Margin 40.1% +8.9%
Operating Margin 35.38% +7.7%
Net Margin 18.57% -16.2%
ROE -
ROIC 30% +19.4%
Debt/Equity -
Interest Coverage 7.60 +0.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 28.4% free cash flow margin
✓15 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.1%
✓Healthy 5Y average net margin of 25.3%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.44%

5Y4.91%

3Y6.45%

TTM7.31%

Profit (Net Income) CAGR

10Y-0.63%

5Y-0.42%

3Y-8.26%

TTM-12.41%

EPS CAGR

10Y-0.52%

5Y-0.39%

3Y-8.13%

TTM-12.22%

ROCE

10Y Avg46.26%

5Y Avg42.39%

3Y Avg36.48%

Latest34.46%

Peer Comparison

Global Cigarette Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BTIBritish American Tobacco p.l.c.	126.1B	58.08	42.71	-5.19%	-20.75%	-22.78%	7.55%	0.74
PMPhilip Morris International Inc.	268.61B	172.56	38.18	7.69%	21.56%		4.01%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	26.79B	26.68B	28.75B	29.63B	29.8B	28.69B	31.41B	31.76B	35.17B	37.88B
Revenue Growth %	-0.1%	-0%	0.08%	0.03%	0.01%	-0.04%	0.09%	0.01%	0.11%	0.08%
Cost of Goods Sold+	9.37B	9.39B	10.43B	10.76B	10.51B	9.57B	10.03B	11.4B	12.89B	13.33B
COGS % of Revenue	0.35%	0.35%	0.36%	0.36%	0.35%	0.33%	0.32%	0.36%	0.37%	0.35%
Gross Profit+	17.43B	17.29B	18.32B	18.87B	19.29B	19.13B	21.38B	20.36B	22.28B	24.55B
Gross Margin %	0.65%	0.65%	0.64%	0.64%	0.65%	0.67%	0.68%	0.64%	0.63%	0.65%
Gross Profit Growth %	-0.1%	-0.01%	0.06%	0.03%	0.02%	-0.01%	0.12%	-0.05%	0.09%	0.1%
Operating Expenses+	6.81B	6.38B	6.75B	7.47B	8.76B	7.46B	8.4B	8.11B	10.72B	11.15B
OpEx % of Revenue	0.25%	0.24%	0.23%	0.25%	0.29%	0.26%	0.27%	0.26%	0.3%	0.29%
Selling, General & Admin	6.66B	6.41B	6.72B	7.45B	8.78B	7.48B	8.4B	8.11B	10.06B	11.15B
SG&A % of Revenue	0.25%	0.24%	0.23%	0.25%	0.29%	0.26%	0.27%	0.26%	0.29%	0.29%
Research & Development	423M	429M	453M	383M	465M	495M	617M	0	0	759M
R&D % of Revenue	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	-	-	0.02%
Other Operating Expenses	-273M	-449M	-424M	-361M	-488M	-519M	-651M	0	665M	-759M
Operating Income+	10.62B	10.9B	11.58B	11.34B	10.53B	11.72B	12.97B	12.25B	11.56B	13.4B
Operating Margin %	0.4%	0.41%	0.4%	0.38%	0.35%	0.41%	0.41%	0.39%	0.33%	0.35%
Operating Income Growth %	-0.09%	0.03%	0.06%	-0.02%	-0.07%	0.11%	0.11%	-0.06%	-0.06%	0.16%
EBITDA+	11.38B	11.65B	12.45B	12.32B	11.49B	12.7B	13.97B	13.32B	12.95B	15.19B
EBITDA Margin %	0.42%	0.44%	0.43%	0.42%	0.39%	0.44%	0.44%	0.42%	0.37%	0.4%
EBITDA Growth %	-0.1%	0.02%	0.07%	-0.01%	-0.07%	0.1%	0.1%	-0.05%	-0.03%	0.17%
D&A (Non-Cash Add-back)	754M	743M	875M	989M	964M	981M	998M	1.08B	1.4B	1.79B
EBIT	10.75B	10.99B	11.58B	11.53B	10.67B	11.68B	12.97B	12.4B	11.98B	13.96B
Net Interest Income+	-1.01B	-891M	-914M	-665M	-570M	-618M	-628M	-588M	-1.06B	-1.14B
Interest Income	124M	178M	182M	190M	226M	110M	109M	180M	465M	620M
Interest Expense	1.13B	1.07B	1.1B	855M	796M	728M	737M	768M	1.53B	1.76B
Other Income/Expense	-903M	-885M	-928M	-605M	-510M	-751M	-591M	-475M	-949M	-1.2B
Pretax Income+	9.72B	10.02B	10.65B	10.73B	10.02B	10.97B	12.38B	11.77B	10.61B	12.2B
Pretax Margin %	0.36%	0.38%	0.37%	0.36%	0.34%	0.38%	0.39%	0.37%	0.3%	0.32%
Income Tax+	2.69B	2.77B	4.31B	2.44B	2.29B	2.38B	2.67B	2.24B	2.34B	2.38B
Effective Tax Rate %	0.71%	0.7%	0.57%	0.74%	0.72%	0.73%	0.74%	0.77%	0.73%	0.58%
Net Income+	6.87B	6.97B	6.04B	7.91B	7.18B	8.06B	9.11B	9.05B	7.79B	7.03B
Net Margin %	0.26%	0.26%	0.21%	0.27%	0.24%	0.28%	0.29%	0.28%	0.22%	0.19%
Net Income Growth %	-0.08%	0.01%	-0.13%	0.31%	-0.09%	0.12%	0.13%	-0.01%	-0.14%	-0.1%
Net Income (Continuing)	7.03B	7.25B	6.34B	8.29B	7.73B	8.59B	9.71B	9.53B	8.27B	9.82B
Discontinued Operations	0	0	0	0	0	0	0	0	-157M	-23M
Minority Interest	1.77B	1.79B	1.86B	1.72B	1.98B	1.94B	1.9B	2.65B	1.78B	1.88B
EPS (Diluted)+	4.42	4.48	3.88	5.09	4.61	5.16	5.83	5.81	5.02	4.52
EPS Growth %	-0.07%	0.01%	-0.13%	0.31%	-0.09%	0.12%	0.13%	-0%	-0.14%	-0.1%
EPS (Basic)	4.42	4.48	3.88	5.09	4.61	5.16	5.83	5.82	5.02	4.53
Diluted Shares Outstanding	1.55B	1.55B	1.55B	1.55B	1.56B	1.56B	1.56B	1.55B	1.55B	1.56B
Basic Shares Outstanding	1.55B	1.55B	1.55B	1.55B	1.55B	1.56B	1.56B	1.55B	1.55B	1.55B
Dividend Payout Ratio	0.91%	0.92%	1.08%	0.87%	1%	0.91%	0.83%	0.86%	1.02%	1.17%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	15.8B	17.61B	21.59B	19.44B	20.51B	21.49B	17.72B	19.62B	19.75B	20.17B
Cash & Short-Term Investments	3.42B	4.24B	8.45B	6.59B	6.86B	7.28B	4.5B	3.21B	3.06B	4.22B
Cash Only	3.42B	4.24B	8.45B	6.59B	6.86B	7.28B	4.5B	3.21B	3.06B	4.22B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.78B	3.5B	3.74B	3.56B	3.72B	3.76B	3.94B	4.76B	4.39B	4.67B
Days Sales Outstanding	37.84	47.86	47.46	43.91	45.52	47.84	45.79	54.65	45.57	45.05
Inventory	8.47B	9.02B	8.81B	8.8B	9.23B	9.59B	8.72B	9.89B	10.77B	9.45B
Days Inventory Outstanding	330.23	350.46	308.11	298.7	320.63	365.84	317.33	316.47	305.01	258.86
Other Current Assets	1.14B	853M	603M	481M	701M	860M	561M	1.77B	1.44B	1.83B
Total Non-Current Assets+	18.15B	19.24B	21.37B	20.36B	22.36B	23.32B	23.57B	42.06B	45.55B	41.61B
Property, Plant & Equipment	5.72B	6.06B	7.27B	7.2B	6.63B	6.37B	6.17B	6.71B	7.52B	7.31B
Fixed Asset Turnover	4.68x	4.40x	3.95x	4.11x	4.49x	4.51x	5.09x	4.73x	4.68x	5.18x
Goodwill	7.42B	7.32B	7.67B	7.19B	5.86B	5.96B	6.68B	19.66B	16.78B	16.6B
Intangible Assets	2.62B	2.47B	2.43B	2.28B	2.11B	2.02B	2.82B	6.73B	9.86B	11.33B
Long-Term Investments	890M	1.01B	1.07B	1.27B	4.63B	4.8B	4.46B	4.43B	4.93B	2.65B
Other Non-Current Assets	1.3B	1.51B	1.92B	1.45B	1.97B	2.77B	2.55B	3.93B	5.65B	2.78B
Total Assets+	33.96B	36.85B	42.97B	39.8B	42.88B	44.81B	41.29B	61.68B	65.3B	61.78B
Asset Turnover	0.79x	0.72x	0.67x	0.74x	0.70x	0.64x	0.76x	0.51x	0.54x	0.61x
Asset Growth %	-0.03%	0.09%	0.17%	-0.07%	0.08%	0.05%	-0.08%	0.49%	0.06%	-0.05%
Total Current Liabilities+	15.39B	16.47B	15.96B	17.19B	18.83B	19.61B	19.25B	27.34B	26.38B	22.91B
Accounts Payable	1.29B	1.67B	2.24B	2.07B	2.3B	2.78B	3.33B	4.08B	4.14B	3.95B
Days Payables Outstanding	50.24	64.75	78.44	70.16	79.82	106.04	121.22	130.48	117.29	108.22
Short-Term Debt	3.23B	3.22B	3B	4.78B	4.39B	3.37B	3.02B	8.25B	6.67B	3.53B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	8.79B	9.95B	9.05B	8.97B	1.04B	1.19B	1.15B	12.8B	13.15B	1.3B
Current Ratio	1.03x	1.07x	1.35x	1.13x	1.09x	1.10x	0.92x	0.72x	0.75x	0.88x
Quick Ratio	0.48x	0.52x	0.80x	0.62x	0.60x	0.61x	0.47x	0.36x	0.34x	0.47x
Cash Conversion Cycle	317.84	333.57	277.12	272.45	286.33	307.64	241.9	240.64	233.29	195.69
Total Non-Current Liabilities+	30.05B	31.28B	37.24B	33.35B	33.64B	35.83B	30.24B	40.66B	48.37B	48.74B
Long-Term Debt	25.25B	25.85B	31.33B	26.98B	26.66B	28.17B	24.78B	34.88B	41.24B	42.17B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.54B	1.9B	799M	898M	908M	684M	726M	1.96B	2.33B	2.52B
Other Non-Current Liabilities	3.25B	3.54B	5.1B	5.48B	6.08B	6.98B	4.73B	3.83B	4.79B	4.06B
Total Liabilities	45.43B	47.75B	53.2B	50.54B	52.47B	55.45B	49.5B	67.99B	74.75B	71.65B
Total Debt+	28.48B	29.07B	34.34B	31.76B	31.05B	31.54B	27.81B	43.12B	47.91B	45.7B
Net Debt	25.06B	24.83B	25.89B	25.17B	24.18B	24.26B	23.31B	39.92B	44.85B	41.48B
Debt / Equity	-	-	-	-	-	-	-	-	-	-
Debt / EBITDA	2.50x	2.50x	2.76x	2.58x	2.70x	2.48x	1.99x	3.24x	3.70x	3.01x
Net Debt / EBITDA	2.20x	2.13x	2.08x	2.04x	2.10x	1.91x	1.67x	3.00x	3.46x	2.73x
Interest Coverage	9.38x	10.20x	10.56x	13.26x	13.23x	16.10x	17.60x	15.95x	7.57x	7.60x
Total Equity+	-11.48B	-10.9B	-10.23B	-10.74B	-9.6B	-10.63B	-8.21B	-6.31B	-9.45B	-9.87B
Equity Growth %	-0.02%	0.05%	0.06%	-0.05%	0.11%	-0.11%	0.23%	0.23%	-0.5%	-0.04%
Book Value per Share	-7.41	-7.03	-6.59	-6.91	-6.17	-6.82	-5.26	-4.07	-6.08	-6.34
Total Shareholders' Equity	-13.24B	-12.69B	-12.09B	-12.46B	-11.58B	-12.57B	-10.11B	-8.96B	-11.22B	-11.75B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	29.84B	30.4B	29.86B	31.01B	30.99B	31.64B	33.08B	34.29B	34.09B	32.87B
Treasury Stock	-35.61B	-35.49B	-35.38B	-35.3B	-35.22B	-35.13B	-35.84B	-35.92B	-35.78B	-35.64B
Accumulated OCI	-9.4B	-9.56B	-8.54B	-10.11B	-9.36B	-11.18B	-9.58B	-9.56B	-11.81B	-11.31B
Minority Interest	1.77B	1.79B	1.86B	1.72B	1.98B	1.94B	1.9B	2.65B	1.78B	1.88B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.87B	8.08B	8.91B	9.48B	10.09B	9.81B	11.97B	10.8B	9.2B	12.22B
Operating CF Margin %	0.29%	0.3%	0.31%	0.32%	0.34%	0.34%	0.38%	0.34%	0.26%	0.32%
Operating CF Growth %	0.02%	0.03%	0.1%	0.06%	0.06%	-0.03%	0.22%	-0.1%	-0.15%	0.33%
Net Income	6.87B	6.97B	6.04B	7.91B	7.18B	8.06B	9.11B	9.05B	8.27B	7.5B
Depreciation & Amortization	754M	743M	875M	989M	964M	981M	998M	1.08B	1.4B	1.79B
Stock-Based Compensation	0	153M	148M	138M	172M	167M	210M	183M	0	0
Deferred Taxes	-18M	182M	-501M	-100M	-141M	-143M	-17M	-234M	-330M	-123M
Other Non-Cash Items	-5M	95M	158M	237M	742M	355M	369M	306M	710M	2.37B
Working Capital Changes	261M	-63M	2.2B	303M	1.17B	396M	1.3B	423M	-842M	677M
Change in Receivables	647M	-1.01B	-92M	53M	-331M	26M	-198M	-871M	314M	-738M
Change in Inventory	-841M	-695M	730M	-613M	-548M	-165M	549M	-1.29B	0	552M
Change in Payables	310M	373M	425M	-51M	451M	406M	653M	719M	-288M	297M
Cash from Investing+	-708M	-968M	-3.01B	-998M	-1.81B	-1.15B	-2.36B	-15.68B	-3.6B	-1.09B
Capital Expenditures	-960M	-1.17B	-1.55B	-1.44B	-852M	-602M	-748M	-1.08B	-1.32B	-1.44B
CapEx % of Revenue	0.04%	0.04%	0.05%	0.05%	0.03%	0.02%	0.02%	0.03%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	362M	197M	-1.24B	564M	418M	-505M	535M	-606M	-2.17B	297M
Cash from Financing+	-4.74B	-5.41B	-2.77B	-9.65B	-8.06B	-8.5B	-11.98B	3.81B	-5.58B	-9.48B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.25B	-6.38B	-6.52B	-6.88B	-7.16B	-7.36B	-7.58B	-7.81B	-7.96B	-8.2B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.52B	-166M	-421M	-537M	-357M	-776M	-580M	-2.35B	-1.32B	339M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.91B	6.91B	7.36B	8.04B	9.24B	9.21B	11.22B	9.73B	7.88B	10.77B
FCF Margin %	0.26%	0.26%	0.26%	0.27%	0.31%	0.32%	0.36%	0.31%	0.22%	0.28%
FCF Growth %	0.05%	0%	0.07%	0.09%	0.15%	-0%	0.22%	-0.13%	-0.19%	0.37%
FCF per Share	4.46	4.45	4.74	5.17	5.94	5.91	7.20	6.27	5.08	6.92
FCF Conversion (FCF/Net Income)	1.14x	1.16x	1.48x	1.20x	1.40x	1.22x	1.31x	1.19x	1.18x	1.74x
Interest Paid	1.04B	1.05B	1.05B	882M	800M	728M	716M	717M	1.34B	1.56B
Taxes Paid	2.77B	2.83B	3.4B	2.75B	2.43B	2.79B	2.94B	2.75B	2.95B	3.18B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Invested Capital (ROIC)	52.84%	59.44%	58.68%	56.51%	54.45%	62.32%	67.73%	37.71%	25.12%	30%
Gross Margin	65.05%	64.81%	63.71%	63.69%	64.73%	66.65%	68.06%	64.1%	63.35%	64.81%
Net Margin	25.65%	26.11%	20.99%	26.7%	24.11%	28.08%	29%	28.49%	22.15%	18.57%
Interest Coverage	9.38x	10.20x	10.56x	13.26x	13.23x	16.10x	17.60x	15.95x	7.57x	7.60x
FCF Conversion	1.14x	1.16x	1.48x	1.20x	1.40x	1.22x	1.31x	1.19x	1.18x	1.74x
Revenue Growth	-9.99%	-0.41%	7.73%	3.05%	0.61%	-3.73%	9.45%	1.14%	10.74%	7.69%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combustible Products	-	-	-	25.53B	24.22B	21.87B	22.19B	21.57B	22.33B	23.22B
Combustible Products Growth	-	-	-	-	-5.14%	-9.71%	1.48%	-2.79%	3.53%	3.96%
Reduced-Risk Products	-	-	-	4.1B	5.59B	6.83B	9.12B	10.19B	12.84B	14.66B
Reduced-Risk Products Growth	-	-	-	-	36.40%	22.19%	33.51%	11.79%	26.01%	14.17%
Combustible Tobacco	-	-	74.31B	-	-	-	-	-	-	-
Combustible Tobacco Growth	-	-	-	-	-	-	-	-	-	-
Reduced-risk Products	-	-	3.79B	-	-	-	-	-	-	-
Reduced-risk Products Growth	-	-	-	-	-	-	-	-	-	-
Excise Taxes	-	-	-49.35B	-	-	-	-	-	-	-
Excise Taxes Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
European Union	26.56B	27.13B	27.58B	12.22B	13.1B	14.08B	15.82B	15.84B	13.6B	15.36B
European Union Growth	-	2.13%	1.66%	-55.70%	7.20%	7.49%	12.35%	0.16%	-14.18%	12.94%
SSEA, CIS & MEA	-	-	-	-	-	-	-	-	10.63B	11.26B
SSEA, CIS & MEA Growth	-	-	-	-	-	-	-	-	-	5.95%
East Asia And Australia	19.47B	20.53B	22.64B	5.58B	5.36B	5.43B	5.95B	5.13B	6.2B	6.39B
East Asia And Australia Growth	-	5.45%	10.25%	-75.35%	-3.87%	1.21%	9.65%	-13.79%	20.83%	3.10%
Americas	-	-	-	-	-	-	1.84B	1.9B	1.94B	4.53B
Americas Growth	-	-	-	-	-	-	-	3.26%	2.15%	133.23%
Swedish Match AB	-	-	-	-	-	-	-	-	2.5B	-
Swedish Match AB Growth	-	-	-	-	-	-	-	-	-	-
Wellness and Healthcare	-	-	-	-	-	-	-	-	306M	-
Wellness and Healthcare Growth	-	-	-	-	-	-	-	-	-	-
South And Southeast Asia	-	-	-	4.66B	5.09B	4.4B	4.4B	4.39B	-	-
South And Southeast Asia Growth	-	-	-	-	9.41%	-13.70%	0.00%	-0.02%	-	-
Eastern Europe Middle East And Africa	18.33B	18.29B	18.05B	4.11B	4.04B	3.09B	3.29B	3.9B	-	-
Eastern Europe Middle East And Africa Growth	-	-0.23%	-1.32%	-77.20%	-1.75%	-23.60%	6.64%	18.46%	-	-
Latin America And Canada	9.55B	9.01B	9.84B	3.06B	2.21B	1.7B	-	-	-	-
Latin America And Canada Growth	-	-5.67%	9.23%	-68.94%	-27.81%	-22.89%	-	-	-	-
INDONESIA	7.1B	7.7B	8B	-	-	-	-	-	-	-
INDONESIA Growth	-	8.45%	3.90%	-	-	-	-	-	-	-
GERMANY	7.2B	7.1B	7.2B	-	-	-	-	-	-	-
GERMANY Growth	-	-1.39%	1.41%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Philip Morris International Inc. (PM) has a price-to-earnings (P/E) ratio of 38.2x. This suggests investors expect higher future growth.

Growth & Financials

Philip Morris International Inc. (PM) reported $39.94B in revenue for fiscal year 2024. This represents a 28% increase from $31.10B in 2011.

Philip Morris International Inc. (PM) grew revenue by 7.7% over the past year. This is steady growth.

Yes, Philip Morris International Inc. (PM) is profitable, generating $8.61B in net income for fiscal year 2024 (18.6% net margin).

Dividend & Returns

Yes, Philip Morris International Inc. (PM) pays a dividend with a yield of 3.05%. This makes it attractive for income-focused investors.

Philip Morris International Inc. (PM) generated $10.12B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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