Philip Morris International Inc.
PM· NYSE· Cigarettes
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 26.2%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +7.2%
We record prices for the companies we cover; PM is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 1.56B
- Revenue
- $40.6B
- Free cash flow
- $10.7B
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 67.1%
- Operating
- 36.6%
- Net
- 27.9%
- Free cash flow
- 26.2%
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 8.6%
- Revenue, 5 yr
- 7.2%
- Revenue, 9 yr
- 4.8%
- Diluted EPS, 3 yr
- 7.7%
- Diluted EPS, 5 yr
- 7.1%
- Diluted EPS, 9 yr
- 5.5%
- Free cash flow, 3 yr
- 3.1%
- Free cash flow, 5 yr
- 3.0%
- Free cash flow, 9 yr
- 4.9%
Financial health · FY2025
- Cash and investments
- $4.9B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 76.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.0%
Financials: ten years from the 10-Ks
Revenue
$40.6B
+4.8% a year over 9 years
FY2016FY2025
Margins
Gross67.1%Operating36.6%Net27.9%
FY2025
FY2016FY2025
Free cash flow and owner earnings
$10.7B
Free cash flow +4.9% a year
FY2016FY2025
Diluted shares
1.56B
+0.5% over 9 years, net dilution
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $26.7B | $28.7B | $29.6B | $29.8B | $28.7B | $31.4B | $31.8B | $35.2B | $37.9B | $40.6B |
| Revenue growth | -63.9% | 7.7% | 3.1% | 0.6% | -3.7% | 9.4% | 1.1% | 10.7% | 7.7% | 7.3% |
| Gross margin | 64.8% | 63.7% | 63.7% | 64.7% | 66.7% | 68.1% | 64.1% | 63.3% | 64.8% | 67.1% |
| Operating margin | 40.9% | 40.3% | 38.4% | 35.3% | 40.7% | 41.3% | 38.6% | 32.9% | 35.4% | 36.6% |
| Net income | $7.0B | $6.0B | $7.9B | $7.2B | $8.1B | $9.1B | $9.0B | $7.8B | $7.1B | $11.3B |
| Net margin | 26.1% | 21.0% | 26.7% | 24.1% | 28.1% | 29.0% | 28.5% | 22.2% | 18.6% | 27.9% |
| Diluted EPS | $4.48 | $3.88 | $5.08 | $4.61 | $5.16 | $5.83 | $5.81 | $5.02 | $4.52 | $7.26 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $8.1B | $8.9B | $9.5B | $10.1B | $9.8B | $12.0B | $10.8B | $9.2B | $12.2B | $12.2B |
| Capital expenditure | $1.2B | $1.5B | $1.4B | $852.0M | $602.0M | $748.0M | $1.1B | $1.3B | $1.4B | $1.6B |
| Free cash flow | $6.9B | $7.4B | $8.0B | $9.2B | $9.2B | $11.2B | $9.7B | $7.9B | $10.8B | $10.7B |
| Stock-based compensation | – | – | – | – | – | – | – | – | – | – |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | $4.45 | $4.74 | $5.17 | $5.94 | $5.91 | $7.20 | $6.27 | $5.08 | $6.92 | $6.84 |
| Capital allocation | ||||||||||
| Dividends paid | $6.4B | $6.5B | $6.9B | $7.2B | $7.4B | $7.6B | $7.8B | $8.0B | $8.2B | $8.6B |
| Share repurchases | $0 | $0 | – | $0 | $0 | $775.0M | $209.0M | $0 | $0 | – |
| Diluted shares | 1.55B | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B | 1.56B |
| Share count change? | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | -0.4% | 0.1% | 0.2% | 0.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $4.2B | $8.4B | $6.6B | $6.9B | $7.3B | $4.5B | $3.2B | $3.1B | $4.2B | $4.9B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | -$12.7B | -$12.1B | -$12.5B | -$11.6B | -$12.6B | -$10.1B | -$9.0B | -$11.2B | -$11.8B | -$10.0B |
Latest filings
| 2026-10-23 | 10-Q | Quarterly report |
| 2026-10-21 | 8-K | Earnings release |
| 2026-07-24 | 10-Q | Quarterly report |
| 2026-07-22 | 8-K | Earnings release |
| 2026-04-24 | 10-Q | Quarterly report |
| 2026-04-22 | 8-K | Earnings release |
| 2026-03-26 | DEF 14A | Proxy statement |
| 2026-02-06 | 10-K | Annual report |
| 2026-02-06 | 8-K | Earnings release |
| 2025-10-24 | 10-Q | Quarterly report |
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