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Philip Morris International Inc.(PM)Earnings, Financials & Key Ratios
PM•NYSE
24.6× P/E·Price updated Jun 19, 2026
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$40.65B+7.3%
- EBITDA$16.93B+11.5%
- Net Income$11.35B+61.3%
- EPS (Diluted)7.26+60.6%
- Gross Margin67.12%+3.6%
- EBITDA Margin41.65%+3.9%
- Operating Margin36.74%+3.8%
- Net Margin27.92%+50.3%
PM Key Insights
Philip Morris International Inc. (PM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 26.2% free cash flow margin
- ✓18 consecutive years of dividend growth
- ✓Healthy dividend yield of 3.1%
- ✓Healthy 5Y average net margin of 25.2%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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PM Price & Volume
Philip Morris International Inc. (PM) stock price & volume — 10-year historical chart
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PM Growth Metrics
Philip Morris International Inc. (PM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.26%
5 Years7.21%
3 Years8.57%
TTM8.09%
Profit CAGR
10 Years5.14%
5 Years7.09%
3 Years7.84%
TTM46.02%
EPS CAGR
10 Years5.09%
5 Years7.07%
3 Years7.71%
TTM46.3%
Return on Capital
10 Years44.38%
5 Years40.1%
3 Years34.05%
Last Year36.15%
PM Recent Earnings
Philip Morris International Inc. (PM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$1.96+5.4%
$1.86
Rev
$10.1B+1.9%
$10.0B
Q1 2026
Feb 6, 2026Metric
Actual
Est
EPS
$1.70+0.0%
$1.70
Rev
$10.4B-0.4%
$10.4B
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$2.24+7.2%
$2.09
Rev
$10.8B+2.0%
$10.6B
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$1.91+2.7%
$1.86
Rev
$10.1B-1.7%
$10.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $1.96vs $1.86+5.4% | $10.1Bvs $10.0B+1.9% |
| Q1 2026 | Feb 6, 2026 | $1.70vs $1.70+0.0% | $10.4Bvs $10.4B-0.4% |
| Q4 2025 | Oct 21, 2025 | $2.24vs $2.09+7.2% | $10.8Bvs $10.6B+2.0% |
| Q3 2025 | Jul 22, 2025 | $1.91vs $1.86+2.7% | $10.1Bvs $10.3B-1.7% |
Based on last 12 quarters of dataView full earnings history →
PM Peer Comparison
Philip Morris International Inc. (PM) competitors in Branded tobacco and nicotine products — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MO | 115.56B | 69.12 | 16.82 | -1.49% | 36.91% | |||
 BTI | 127.75B | 58.91 | 32.59 | -5.19% | -20.75% | -22.78% | 0.74 | |
 XXII | 1.6M | 4.65 | -0.09 | -40.66% | -44.9% | -25.03% | 0.27 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 UVV | 1.3B | 52.16 | 40.12 | -0.77% | 1.12% | 2.18% | 0.64 | |
 STG | 45.84M | 3.41 | 0.87 | 1.49% | 18.1% | 44.19% | 0.15 | |
 UFPT | 1.85B | 239.28 | 27.28 | 19.5% | 11.33% | 17.36% | 0.36 | |
 PKG | 20.43B | 229.02 | 26.69 | 7.23% | 8.6% | 16.73% | 0.95 |
Compare PM vs Peers
Philip Morris International Inc. (PM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PM Income Statement
Philip Morris International Inc. (PM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 28.75B | 29.63B | 29.8B | 28.69B | 31.41B | 31.76B | 35.17B | 37.88B | 40.65B | 41.49B |
Revenue Growth % | 7.73% | 3.05% | 0.61% | -3.73% | 9.45% | 1.14% | 10.74% | 7.69% | 7.31% | 8.09% |
Cost of Goods Sold | 10.43B | 10.76B | 10.51B | 9.57B | 10.03B | 11.4B | 12.89B | 13.33B | 13.37B | 13.57B |
COGS % of Revenue | 36.29% | 36.31% | 35.27% | 33.35% | 31.94% | 35.9% | 36.65% | 35.19% | 32.88% | - |
Gross Profit | 18.32B▲ 0% | 18.87B▲ 3.0% | 19.29B▲ 2.3% | 19.13B▼ 0.9% | 21.38B▲ 11.8% | 20.36B▼ 4.7% | 22.28B▲ 9.4% | 24.55B▲ 10.2% | 27.28B▲ 11.1% | 27.93B▲ 0% |
Gross Margin % | 63.71% | 63.69% | 64.73% | 66.65% | 68.06% | 64.1% | 63.35% | 64.81% | 67.12% | 67.3% |
Gross Profit Growth % | 5.91% | 3.01% | 2.25% | -0.87% | 11.76% | -4.75% | 9.44% | 10.18% | 11.13% | - |
Operating Expenses | 6.75B | 7.47B | 8.76B | 7.46B | 8.4B | 8.11B | 10.72B | 11.15B | 12.35B | 12.64B |
OpEx % of Revenue | 23.49% | 25.22% | 29.39% | 25.99% | 26.75% | 25.55% | 30.49% | 29.43% | 30.38% | - |
Selling, General & Admin | 6.72B | 7.45B | 8.78B | 7.48B | 8.4B | 8.11B | 10.06B | 11.15B | 12.35B | 12.49B |
SG&A % of Revenue | 23.39% | 25.14% | 29.47% | 26.07% | 26.75% | 25.55% | 28.6% | 29.43% | 30.38% | - |
Research & Development | 453M | 383M | 465M | 495M | 617M | 0 | 0 | 759M | 0 | 0 |
R&D % of Revenue | 1.58% | 1.29% | 1.56% | 1.73% | 1.96% | - | - | 2% | - | - |
Other Operating Expenses | -424M | -361M | -488M | -519M | -651M | 0 | 665M | -759M | 0 | 1000K |
Operating Income | 11.58B▲ 0% | 11.34B▼ 2.1% | 10.53B▼ 7.1% | 11.72B▲ 11.3% | 12.97B▲ 10.7% | 12.25B▼ 5.6% | 11.56B▼ 5.6% | 13.4B▲ 16.0% | 14.93B▲ 11.4% | 15.28B▲ 0% |
Operating Margin % | 40.27% | 38.27% | 35.33% | 40.84% | 41.31% | 38.56% | 32.85% | 35.38% | 36.74% | 36.83% |
Operating Income Growth % | 6.17% | -2.07% | -7.1% | 11.29% | 10.68% | -5.6% | -5.63% | 15.97% | 11.42% | - |
EBITDA | 12.45B | 12.32B | 11.49B | 12.7B | 13.97B | 13.32B | 12.95B | 15.19B | 16.93B | 17.2B |
EBITDA Margin % | 43.31% | 41.6% | 38.57% | 44.26% | 44.48% | 41.95% | 36.83% | 40.1% | 41.65% | 41.44% |
EBITDA Growth % | 6.91% | -1.01% | -6.73% | 10.49% | 9.99% | -4.63% | -2.77% | 17.25% | 11.46% | 8.83% |
D&A (Non-Cash Add-back) | 875M | 989M | 964M | 981M | 998M | 1.08B | 1.4B | 1.79B | 2B | 1.52B |
EBIT | 11.58B | 11.53B | 10.67B | 11.68B | 12.97B | 12.4B | 11.98B | 13.96B | 15.47B | 16.23B |
Net Interest Income | -914M | -665M | -570M | -618M | -628M | -588M | -1.06B | -1.14B | -966M | -1.58B |
Interest Income | 182M | 190M | 226M | 110M | 109M | 180M | 465M | 620M | 621M | 0 |
Interest Expense | 1.1B | 855M | 796M | 728M | 737M | 768M | 1.53B | 1.76B | 1.59B | 1.58B |
Other Income/Expense | -928M | -605M | -510M | -751M | -591M | -475M | -949M | -1.2B | -348M | -935M |
Pretax Income | 10.65B▲ 0% | 10.73B▲ 0.8% | 10.02B▼ 6.6% | 10.97B▲ 9.5% | 12.38B▲ 12.9% | 11.77B▼ 4.9% | 10.61B▼ 9.9% | 12.2B▲ 15.0% | 14.59B▲ 19.6% | 14.35B▲ 0% |
Pretax Margin % | 37.04% | 36.22% | 33.62% | 38.23% | 39.42% | 37.06% | 30.16% | 32.21% | 35.88% | 34.58% |
Income Tax | 4.31B | 2.44B | 2.29B | 2.38B | 2.67B | 2.24B | 2.34B | 2.38B | 2.74B | 2.75B |
Effective Tax Rate % | 40.45% | 22.78% | 22.88% | 21.67% | 21.57% | 19.06% | 22.05% | 19.51% | 18.77% | 19.2% |
Net Income | 6.04B▲ 0% | 7.91B▲ 31.1% | 7.18B▼ 9.2% | 8.06B▲ 12.1% | 9.11B▲ 13.1% | 9.05B▼ 0.7% | 7.79B▼ 13.9% | 7.03B▼ 9.7% | 11.35B▲ 61.3% | 11.1B▲ 0% |
Net Margin % | 20.99% | 26.7% | 24.11% | 28.08% | 29% | 28.49% | 22.15% | 18.57% | 27.92% | 26.74% |
Net Income Growth % | -13.38% | 31.09% | -9.18% | 12.12% | 13.07% | -0.67% | -13.89% | -9.72% | 61.33% | 46.02% |
Net Income (Continuing) | 6.34B | 8.29B | 7.73B | 8.59B | 9.71B | 9.53B | 8.27B | 9.82B | 11.85B | 11.59B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -157M | -23M | 0 | 0 |
Minority Interest | 1.86B | 1.72B | 1.98B | 1.94B | 1.9B | 2.65B | 1.78B | 1.88B | 1.97B | 1.98B |
EPS (Diluted) | 3.88▲ 0% | 5.09▲ 31.2% | 4.61▼ 9.4% | 5.16▲ 11.9% | 5.83▲ 13.0% | 5.81▼ 0.3% | 5.02▼ 13.6% | 4.52▼ 10.0% | 7.26▲ 60.6% | 7.10▲ 0% |
EPS Growth % | -13.39% | 31.19% | -9.43% | 11.93% | 12.98% | -0.34% | -13.6% | -9.96% | 60.62% | 46.3% |
EPS (Basic) | 3.88 | 5.09 | 4.61 | 5.16 | 5.83 | 5.82 | 5.02 | 4.53 | 7.27 | - |
Diluted Shares Outstanding | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B |
Basic Shares Outstanding | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B |
Dividend Payout Ratio | 108.04% | 87.03% | 99.67% | 91.41% | 83.21% | 86.34% | 102.22% | 116.53% | 76% | - |
PM Balance Sheet
Philip Morris International Inc. (PM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 21.59B | 19.44B | 20.51B | 21.49B | 17.72B | 19.62B | 19.75B | 20.17B | 24.36B | 25.6B |
Cash & Short-Term Investments | 8.45B | 6.59B | 6.86B | 7.28B | 4.5B | 3.21B | 3.06B | 4.22B | 4.87B | 5.45B |
Cash Only | 8.45B | 6.59B | 6.86B | 7.28B | 4.5B | 3.21B | 3.06B | 4.22B | 4.87B | 5.45B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 3.74B | 3.56B | 3.72B | 3.76B | 3.94B | 4.76B | 4.39B | 4.67B | 5.81B | 0 |
Days Sales Outstanding | 47.46 | 43.91 | 45.52 | 47.84 | 45.79 | 54.65 | 45.57 | 45.05 | 52.17 | 38.53 |
Inventory | 8.81B | 8.8B | 9.23B | 9.59B | 8.72B | 9.89B | 10.77B | 9.45B | 11.48B | 0 |
Days Inventory Outstanding | 308.11 | 298.7 | 320.63 | 365.84 | 317.33 | 316.47 | 305.01 | 258.86 | 313.44 | 218.41 |
Other Current Assets | 603M | 481M | 701M | 860M | 561M | 1.77B | 1.44B | 1.83B | 2.2B | 20.15B |
Total Non-Current Assets | 21.37B | 20.36B | 22.36B | 23.32B | 23.57B | 42.06B | 45.55B | 41.61B | 44.82B | 43.31B |
Property, Plant & Equipment | 7.27B | 7.2B | 6.63B | 6.37B | 6.17B | 6.71B | 7.52B | 7.31B | 8.4B | 8.26B |
Fixed Asset Turnover | 3.95x | 4.11x | 4.49x | 4.51x | 5.09x | 4.73x | 4.68x | 5.18x | 4.84x | 5.06x |
Goodwill | 7.67B | 7.19B | 5.86B | 5.96B | 6.68B | 19.66B | 16.78B | 16.6B | 17.26B | 17.07B |
Intangible Assets | 2.43B | 2.28B | 2.11B | 2.02B | 2.82B | 6.73B | 9.86B | 11.33B | 10.88B | 10.51B |
Long-Term Investments | 1.07B | 1.27B | 4.63B | 4.8B | 4.46B | 4.43B | 4.93B | 2.65B | 2.89B | 11.85B |
Other Non-Current Assets | 1.92B | 1.45B | 1.97B | 2.77B | 2.55B | 3.93B | 5.65B | 2.78B | 4.14B | 4.99B |
Total Assets | 42.97B▲ 0% | 39.8B▼ 7.4% | 42.88B▲ 7.7% | 44.81B▲ 4.5% | 41.29B▼ 7.9% | 61.68B▲ 49.4% | 65.3B▲ 5.9% | 61.78B▼ 5.4% | 69.19B▲ 12.0% | 68.91B▲ 0% |
Asset Turnover | 0.67x | 0.74x | 0.70x | 0.64x | 0.76x | 0.51x | 0.54x | 0.61x | 0.59x | 0.61x |
Asset Growth % | 16.6% | -7.37% | 7.72% | 4.52% | -7.87% | 49.38% | 5.87% | -5.39% | 11.98% | 22.26% |
Total Current Liabilities | 15.96B | 17.19B | 18.83B | 19.61B | 19.25B | 27.34B | 26.38B | 22.91B | 25.43B | 26.22B |
Accounts Payable | 2.24B | 2.07B | 2.3B | 2.78B | 3.33B | 4.08B | 4.14B | 3.95B | 4.41B | 0 |
Days Payables Outstanding | 78.44 | 70.16 | 79.82 | 106.04 | 121.22 | 130.48 | 117.29 | 108.22 | 120.35 | 82.43 |
Short-Term Debt | 3B | 4.78B | 4.39B | 3.37B | 3.02B | 8.25B | 6.67B | 3.53B | 3.7B | 8.14B |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 9.05B | 8.97B | 1.04B | 1.19B | 1.15B | 12.8B | 13.15B | 1.3B | 1.54B | 18.08B |
Current Ratio | 1.35x | 1.13x | 1.09x | 1.10x | 0.92x | 0.72x | 0.75x | 0.88x | 0.96x | 0.98x |
Quick Ratio | 0.80x | 0.62x | 0.60x | 0.61x | 0.47x | 0.36x | 0.34x | 0.47x | 0.51x | 0.98x |
Cash Conversion Cycle | 277.12 | 272.45 | 286.33 | 307.64 | 241.9 | 240.64 | 233.29 | 195.69 | 245.27 | 174.52 |
Total Non-Current Liabilities | 37.24B | 33.35B | 33.64B | 35.83B | 30.24B | 40.66B | 48.37B | 48.74B | 51.79B | 49.99B |
Long-Term Debt | 31.33B | 26.98B | 26.66B | 28.17B | 24.78B | 34.88B | 41.24B | 42.17B | 45.13B | 43.81B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | 799M | 898M | 908M | 684M | 726M | 1.96B | 2.33B | 2.52B | 2.06B | 8.23B |
Other Non-Current Liabilities | 5.1B | 5.48B | 6.08B | 6.98B | 4.73B | 3.83B | 4.79B | 4.06B | 4.59B | 4.17B |
Total Liabilities | 53.2B | 50.54B | 52.47B | 55.45B | 49.5B | 67.99B | 74.75B | 71.65B | 77.21B | 76.21B |
Total Debt | 34.34B | 31.76B | 31.05B | 31.54B | 27.81B | 43.12B | 47.91B | 45.7B | 48.84B | 51.95B |
Net Debt | 25.89B | 25.17B | 24.18B | 24.26B | 23.31B | 39.92B | 44.85B | 41.48B | 43.96B | 46.5B |
Debt / Equity | - | - | - | - | - | - | - | - | - | -7.12x |
Debt / EBITDA | 2.76x | 2.58x | 2.70x | 2.48x | 1.99x | 3.24x | 3.70x | 3.01x | 2.88x | 3.02x |
Net Debt / EBITDA | 2.08x | 2.04x | 2.10x | 1.91x | 1.67x | 3.00x | 3.46x | 2.73x | 2.60x | 2.70x |
Interest Coverage | 10.57x | 13.48x | 13.40x | 16.05x | 17.60x | 16.15x | 7.85x | 7.92x | 9.75x | 10.25x |
Total Equity | -10.23B▲ 0% | -10.74B▼ 5.0% | -9.6B▲ 10.6% | -10.63B▼ 10.8% | -8.21B▲ 22.8% | -6.31B▲ 23.1% | -9.45B▼ 49.7% | -9.87B▼ 4.5% | -8.03B▲ 18.7% | -7.3B▲ 0% |
Equity Growth % | 6.15% | -4.98% | 10.62% | -10.75% | 22.79% | 23.11% | -49.68% | -4.49% | 18.66% | -5.66% |
Book Value per Share | -6.59 | -6.91 | -6.17 | -6.82 | -5.26 | -4.07 | -6.08 | -6.34 | -5.15 | -4.67 |
Total Shareholders' Equity | -12.09B | -12.46B | -11.58B | -12.57B | -10.11B | -8.96B | -11.22B | -11.75B | -9.99B | -9.28B |
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 29.86B | 31.01B | 30.99B | 31.64B | 33.08B | 34.29B | 34.09B | 32.87B | 35.4B | 35.54B |
Treasury Stock | -35.38B | -35.3B | -35.22B | -35.13B | -35.84B | -35.92B | -35.78B | -35.64B | -35.55B | 0 |
Accumulated OCI | -8.54B | -10.11B | -9.36B | -11.18B | -9.58B | -9.56B | -11.81B | -11.31B | -12.3B | -11.79B |
Minority Interest | 1.86B | 1.72B | 1.98B | 1.94B | 1.9B | 2.65B | 1.78B | 1.88B | 1.97B | 1.98B |
PM Cash Flow Statement
Philip Morris International Inc. (PM) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 8.91B | 9.48B | 10.09B | 9.81B | 11.97B | 10.8B | 9.2B | 12.22B | 12.23B | 12.18B |
Operating CF Margin % | 31% | 31.99% | 33.85% | 34.2% | 38.11% | 34.01% | 26.17% | 32.25% | 30.09% | - |
Operating CF Growth % | 10.34% | 6.35% | 6.46% | -2.76% | 21.96% | -9.73% | -14.8% | 32.74% | 0.13% | 10.84% |
Net Income | 6.04B | 7.91B | 7.18B | 8.06B | 9.11B | 9.05B | 8.27B | 7.5B | 11.32B | 11.1B |
Depreciation & Amortization | 875M | 989M | 964M | 981M | 998M | 1.08B | 1.4B | 1.79B | 2B | 2.03B |
Stock-Based Compensation | 148M | 138M | 172M | 167M | 210M | 183M | 0 | 0 | 0 | 0 |
Deferred Taxes | -501M | -100M | -141M | -143M | -17M | -234M | -330M | -123M | -847M | -847M |
Other Non-Cash Items | 158M | 237M | 742M | 355M | 369M | 306M | 710M | 2.37B | 873M | -2.67B |
Working Capital Changes | 2.2B | 303M | 1.17B | 396M | 1.3B | 423M | -842M | 677M | -1.1B | 2.23B |
Change in Receivables | -92M | 53M | -331M | 26M | -198M | -871M | 314M | -738M | -448M | 434M |
Change in Inventory | 730M | -613M | -548M | -165M | 549M | -1.29B | 0 | 552M | -1.2B | -887M |
Change in Payables | 425M | -51M | 451M | 406M | 653M | 719M | -288M | 297M | 258M | 68M |
Cash from Investing | -3.01B | -998M | -1.81B | -1.15B | -2.36B | -15.68B | -3.6B | -1.09B | -4.49B | -3.54B |
Capital Expenditures | -1.55B | -1.44B | -852M | -602M | -748M | -1.08B | -1.32B | -1.44B | -1.57B | -1.52B |
CapEx % of Revenue | 5.38% | 4.85% | 2.86% | 2.1% | 2.38% | 3.39% | 3.76% | 3.81% | 3.86% | 3.66% |
Acquisitions | -111M | -63M | -1.38B | -47M | -2.15B | -14B | -111M | 55M | -491M | -23M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -1.24B | 564M | 418M | -505M | 535M | -606M | -2.17B | 297M | -2.28B | -1.99B |
Cash from Financing | -2.77B | -9.65B | -8.06B | -8.5B | -11.98B | 3.81B | -5.58B | -9.48B | -7.61B | -8.8B |
Debt Issued (Net) | 4.17B | -2.23B | -543M | -356M | -3.04B | 14.18B | 3.7B | -1.62B | 1.71B | -1.77B |
Equity Issued (Net) | 0 | 0 | 0 | 0 | -775M | -209M | 0 | 0 | 0 | 0 |
Dividends Paid | -6.52B | -6.88B | -7.16B | -7.36B | -7.58B | -7.81B | -7.96B | -8.2B | -8.62B | -6.51B |
Share Repurchases | 0 | 0 | 0 | 0 | -775M | -209M | 0 | 0 | 0 | 0 |
Other Financing | -421M | -537M | -357M | -776M | -580M | -2.35B | -1.32B | 339M | -693M | -522M |
Net Change in Cash | 4.21B▲ 0% | -1.86B▼ 144.1% | 245M▲ 113.2% | 420M▲ 71.4% | -2.79B▼ 763.1% | -1.28B▲ 53.9% | -71M▲ 94.5% | 1.11B▲ 1660.6% | 638M▼ 42.4% | 416M▲ 0% |
Free Cash Flow | 7.36B▲ 0% | 8.04B▲ 9.2% | 9.24B▲ 14.9% | 9.21B▼ 0.3% | 11.22B▲ 21.8% | 9.73B▼ 13.3% | 7.88B▼ 18.9% | 10.77B▲ 36.7% | 10.66B▼ 1.0% | 10.67B▲ 0% |
FCF Margin % | 25.62% | 27.15% | 30.99% | 32.1% | 35.72% | 30.62% | 22.41% | 28.44% | 26.24% | 25.71% |
FCF Growth % | 6.65% | 9.21% | 14.87% | -0.3% | 21.81% | -13.31% | -18.95% | 36.66% | -1.01% | 4.62% |
FCF per Share | 4.74 | 5.17 | 5.94 | 5.91 | 7.20 | 6.27 | 5.08 | 6.92 | 6.84 | 6.82 |
FCF Conversion (FCF/Net Income) | 1.48x | 1.20x | 1.40x | 1.22x | 1.31x | 1.19x | 1.18x | 1.74x | 1.08x | 0.96x |
Interest Paid | 1.05B | 882M | 800M | 728M | 716M | 717M | 1.34B | 1.56B | 1.69B | 0 |
Taxes Paid | 3.4B | 2.75B | 2.43B | 2.79B | 2.94B | 2.75B | 2.95B | 3.18B | 3.85B | 0 |
PM Key Ratios
Philip Morris International Inc. (PM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | - | - | - | - | - | - | - | - | -129.31% |
Return on Invested Capital (ROIC) | 58.68% | 56.51% | 54.45% | 62.32% | 67.73% | 37.71% | 25.12% | 30% | 33.16% | 30.66% |
Gross Margin | 63.71% | 63.69% | 64.73% | 66.65% | 68.06% | 64.1% | 63.35% | 64.81% | 67.12% | 67.3% |
Net Margin | 20.99% | 26.7% | 24.11% | 28.08% | 29% | 28.49% | 22.15% | 18.57% | 27.92% | 26.74% |
Debt / Equity | - | - | - | - | - | - | - | - | - | -7.12x |
Interest Coverage | 10.57x | 13.48x | 13.40x | 16.05x | 17.60x | 16.15x | 7.85x | 7.92x | 9.75x | 10.25x |
FCF Conversion | 1.48x | 1.20x | 1.40x | 1.22x | 1.31x | 1.19x | 1.18x | 1.74x | 1.08x | 0.96x |
Revenue Growth | 7.73% | 3.05% | 0.61% | -3.73% | 9.45% | 1.14% | 10.74% | 7.69% | 7.31% | 8.09% |
Related:PM Dividend History·PM Revenue History·PM Price History·PM P/E History·PM Financial Ratios·PM Institutional Holders
PM SEC Filings & Documents
Philip Morris International Inc. (PM) SEC filings — annual & quarterly reports (10-K, 10-Q)
PM Frequently Asked Questions
Philip Morris International Inc. (PM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Philip Morris International Inc. (PM) reported $41.49B in revenue for fiscal year 2025. This represents a 24% increase from $33.39B in 2003.
Philip Morris International Inc. (PM) grew revenue by 7.3% over the past year. This is steady growth.
Yes, Philip Morris International Inc. (PM) is profitable, generating $11.10B in net income for fiscal year 2025 (27.9% net margin).
Dividend & Returns
Yes, Philip Morris International Inc. (PM) pays a dividend with a yield of 3.10%. This makes it attractive for income-focused investors.
Philip Morris International Inc. (PM) generated $10.67B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.