Philip Morris International Inc. (PM)
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.
- Symbol
- PM
- Exchange
- NYSE
- Sector
- Consumer Defensive
- Industry
- Tobacco
- Market cap
- $292.25B
- 52 week range
- 142.11 - 207.76
Valuation
- Share price
- $187.46 (close of 2026-10-02)
- P/E (TTM)
- 26.93x
- Price to book
- -43.90x
- Price to free cash flow
- 22.97x
- Enterprise value
- $335.36B
- Book value per share
- $-4.27
Price performance
| Period | Change |
|---|---|
| 1 day | -0.38% |
| 5 days | -1.59% |
| 1 month | -0.26% |
| 3 months | +2.85% |
| 6 months | +18.57% |
| Year to date | +16.87% |
| 1 year | +18.71% |
| 3 years | +105.08% |
| 5 years | +95.11% |
| 10 years | +92.82% |
| All time | +279.55% |
Members of Congress who disclosed PM trades
Julie Johnson · Julia Letlow · Lisa McClain · Alan Armstrong · Greg Landsman · Jefferson Shreve · Markwayne Mullin · Sheri Biggs
Super investors holding PM
First Eagle Investment (First Eagle Investment Management, LLC) · Thomas Russo (Gardner Russo & Quinn LLC) · Terry Smith (Fundsmith LLP) · Lee Ainslie (Maverick Capital LTD) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt) · Dodge & Cox (Dodge & Cox Funds) · Bill Nygren (Harris Associates LP) · Yacktman Asset Mgmt (Yacktman Asset Management LP) · Mairs & Power (Mairs & Power Inc) · Christopher Bloomstran (Semper Augustus Investments Grroup LLC)
Profitability and growth
- Return on equity
- -141.36%
- Return on invested capital
- 33.82%
- Return on assets
- 16.40%
- Return on capital employed
- 34.03%
- Gross margin
- 67.12%
- Net margin
- 27.92%
- EBITDA margin
- 41.55%
- Revenue growth
- 7.31%
- Net income growth
- 60.80%
- Free cash flow growth
- -1.01%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.35%
- Current ratio
- 0.98x
- Net debt to EBITDA
- 2.30x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $40.65B
- Cost of revenue
- $13.37B
- Gross profit
- $27.28B
- EBITDA
- $16.89B
- Net income
- $11.35B
- Earnings per share
- $7.27
- Research and development
- $756.00M
- Shares outstanding
- 1.56B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $40.65B | $27.28B | $11.35B | $7.27 |
| 2024-12-31 | $37.88B | $24.55B | $7.06B | $4.53 |
| 2023-12-31 | $35.17B | $22.28B | $7.81B | $5.02 |
| 2022-12-31 | $31.76B | $20.36B | $9.05B | $5.82 |
| 2021-12-31 | $31.41B | $21.38B | $9.11B | $5.83 |
| 2020-12-31 | $28.69B | $19.13B | $8.06B | $5.16 |
| 2019-12-31 | $29.80B | $19.29B | $7.18B | $4.61 |
| 2018-12-31 | $29.63B | $18.87B | $7.91B | $5.08 |
| 2017-12-31 | $28.75B | $18.32B | $6.04B | $3.88 |
| 2016-12-31 | $26.68B | $17.29B | $6.97B | $4.48 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 67.12% | 27.92% | -141.36% | 33.82% |
| 2024-12-31 | 64.81% | 18.63% | -71.50% | 32.85% |
| 2023-12-31 | 63.35% | 22.21% | -82.71% | 26.03% |
| 2022-12-31 | 64.10% | 28.49% | -143.37% | 29.76% |
| 2021-12-31 | 68.06% | 29.00% | -110.98% | - |
| 2020-12-31 | 66.65% | 28.08% | -75.78% | - |
| 2019-12-31 | 64.73% | 24.11% | -74.85% | - |
| 2018-12-31 | 63.69% | 26.70% | -73.67% | - |
| 2017-12-31 | 63.71% | 20.99% | -58.99% | - |
| 2016-12-31 | 64.81% | 26.11% | -63.92% | - |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $4.87B |
| 2024-12-31 | $4.22B |
| 2023-12-31 | $3.06B |
| 2022-12-31 | $3.21B |
| 2021-12-31 | $4.50B |
| 2020-12-31 | $7.28B |
| 2019-12-31 | $6.86B |
| 2018-12-31 | $6.59B |
| 2017-12-31 | $8.45B |
| 2016-12-31 | $4.24B |
Free cash flow by year
| Period end | Free cash flow |
|---|---|
| 2025-12-31 | $10.66B |
| 2024-12-31 | $10.77B |
| 2023-12-31 | $7.88B |
| 2022-12-31 | $9.73B |
| 2021-12-31 | $11.22B |
| 2020-12-31 | $9.21B |
| 2019-12-31 | $9.24B |
| 2018-12-31 | $8.04B |
| 2017-12-31 | $7.36B |
| 2016-12-31 | $6.91B |
Dividend history
- Most recent payment
- 2026-10-02
- Paid in the last twelve months
- $7.48
| Payment date | Dividend per share |
|---|---|
| 2026-10-02 | $1.60 |
| 2026-06-25 | $1.47 |
| 2026-03-19 | $1.47 |
| 2025-12-26 | $1.47 |
| 2025-10-03 | $1.47 |
| 2025-06-27 | $1.35 |
| 2025-03-20 | $1.35 |
| 2024-12-26 | $1.35 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-20
- Consensus EPS estimate
- $2.33
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-22 | Jun/2026 | $2.04 |
| 2026-04-22 | Mar/2026 | $1.82 |
| 2026-02-06 | Dec/2025 | $1.67 |
| 2025-10-21 | Sep/2025 | $2.10 |
| 2025-07-22 | Jun/2025 | $1.85 |
| 2025-04-23 | Mar/2025 | $1.61 |
| 2025-02-06 | Dec/2024 | $1.51 |
| 2024-10-22 | Sep/2024 | $1.83 |
Filings and sources
- Company website
- pmi.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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