Philip Morris International Inc. PM SPX

Consumer Defensive · Tobacco · United States

https://www.pmi.com

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.

Market & Price

Market Cap

$276.46B

Current Price

$177.38

High / Low (52W)

$191.86 / $141.76

Beta

0.39

Valuation

Stock P/E

24.98

Industry PE

18.88

Forward P/E

19.41

PEG Ratio

2.48

Book Value

$-6.42

Price to Book

-27.63

P/S

6.66

EV/EBITDA

17.48

Dividend Yield

3.31%

Profitability & Returns

ROCE

35.35%

ROE

ROA

15.46%

Profit Margin

26.74%

Op Margin

36.04%

EPS (Latest Qtr)

$1.56

EPS (TTM)

$7.10

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

0.45

Current Ratio

0.98

Debt

$51.98B

Total Assets

$69.19B

Current Assets

$24.36B

Working Capital

$-1.06B

Ownership

Promoter Holding

0.16%

Chg in Prom Hold

FII / Inst Holding

84.09%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$324.95B

Total Revenue (TTM)

$41.49B

EBITDA

$18.59B

Free Cash Flow

$8.58B

Operating Cash Flow

$12.18B

Shares Outstanding

1.56B

Gross Margin

67.28%

Payout Ratio

81.09%

Growth (CAGR)

Revenue 5Y

8.57%

Profit 5Y

7.84%

Revenue (YoY)

9.10%

Earnings (YoY)

-9.30%

PROS

Healthy ROCE of 35.3%.
Excellent profit margin of 26.7%.
Attractive dividend yield of 3.31%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Defensive).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PM Philip Morris International Inc. SPX	177.38	24.98	$276.46B	3.31%	35.35%	-	8.57%	7.84%
2	WMT Walmart Inc. SPX	115.75	40.76	$922.64B	0.86%	18.21%	24.13%	5.27%	23.30%
3	COST Costco Wholesale Corporation NDXSPX	956.32	49.76	$424.27B	0.61%	27.44%	29.65%	6.64%	11.49%
4	KO The Coca-Cola Company SPX	79.01	24.85	$339.94B	2.68%	21.13%	43.37%	3.69%	11.16%
5	PG The Procter & Gamble Company SPX	143.56	21.02	$334.29B	2.97%	23.63%	31.11%	1.67%	2.71%
6	PEP PepsiCo, Inc. NDXSPX	144.19	22.64	$197.10B	4.11%	15.23%	43.88%	2.83%	-2.57%
7	MO Altria Group, Inc. SPX	69.58	14.53	$116.19B	6.09%	40.85%	-	-0.89%	6.42%
8	MNST Monster Beverage Corporation NDXSPX	88.08	42.55	$86.14B	-	28.33%	26.65%	9.54%	16.94%
9	MDLZ Mondelez International, Inc. NDXSPX	61.17	30.28	$78.52B	3.27%	7.28%	10.16%	6.96%	-3.38%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	6.06B	6.92B	7.47B	8.29B	6.90B	7.73B	7.50B	7.50B	6.75B	7.70B	7.64B	7.71B	7.15B	6.65B	7.45B	7.44B	7.58B	7.59B	8.12B	7.75B	7.83B	8.03B	8.02B	8.97B	9.14B	8.79B	9.47B	-	-	9.30B	10.14B	10.85B	10.36B	10.15B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.03B	3.28B	3.49B	3.56B	3.24B
Gross Profit	4.54B	4.02B	3.99B	4.29B	4.55B	4.47B	3.89B	4.40B	4.74B	5.29B	4.28B	4.98B	4.89B	4.72B	4.29B	5.03B	5.04B	4.93B	4.75B	4.47B	5.03B	4.87B	5.31B	5.24B	5.53B	5.14B	5.18B	5.10B	4.98B	5.74B	5.98B	5.60B	6.12B	-	-	6.27B	6.86B	7.36B	6.80B	6.91B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.73B	3.11B	3.10B	3.43B	3.01B
Operating Income	2.96B	-	2.47B	2.75B	2.98B	-	2.42B	2.74B	3.09B	-	2.43B	3.09B	3.16B	-	2.05B	3.19B	2.79B	-	2.79B	2.73B	3.24B	-	3.44B	3.13B	3.46B	3.30B	3.06B	2.97B	2.73B	2.57B	3.37B	3.04B	3.44B	-	-	3.54B	3.75B	4.26B	3.37B	3.89B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.01B	4.19B	4.75B	4.51B	4.41B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	241.00M	277.00M	230.00M	839.00M	237.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.29B	3.42B	4.02B	3.15B	3.66B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	659.00M	652.00M	751.00M	675.00M	676.00M
Net Income	1.94B	1.25B	1.53B	1.79B	1.94B	1.71B	1.59B	1.78B	1.97B	694.00M	1.56B	2.20B	2.25B	1.91B	1.35B	2.32B	1.90B	1.62B	1.83B	1.95B	2.31B	1.98B	2.42B	2.17B	2.43B	2.33B	2.23B	2.09B	2.00B	1.57B	2.05B	2.15B	2.41B	-	-	2.69B	3.04B	3.48B	2.14B	2.44B
Diluted EPS	1.25	0.80	0.98	1.15	1.25	1.10	1.02	1.14	1.27	0.44	1.00	1.41	1.44	1.23	0.87	1.49	1.22	1.04	1.17	1.25	1.48	1.27	1.55	1.39	1.55	1.50	1.43	1.34	1.28	1.01	1.32	1.38	1.54	-	-	1.72	1.95	2.23	1.37	1.56

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	26.68B	28.75B	29.62B	29.80B	28.69B	-	31.76B	35.17B	37.88B	40.65B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.40B	12.89B	13.33B	13.37B
Gross Profit	14.10B	16.38B	16.01B	17.50B	20.42B	21.00B	20.81B	19.33B	17.43B	17.29B	18.32B	18.87B	19.29B	19.12B	-	20.36B	22.28B	24.55B	27.28B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.11B	10.06B	11.15B	12.35B
Operating Income	8.89B	10.25B	10.04B	11.20B	13.34B	13.86B	13.52B	11.70B	10.62B	10.90B	11.58B	11.38B	10.53B	11.67B	-	12.25B	12.22B	13.40B	14.93B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.48B	13.37B	15.75B	17.46B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	768.00M	1.53B	1.76B	1.59B
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.63B	10.45B	12.20B	13.88B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.24B	2.34B	3.02B	2.74B
Net Income	6.04B	6.89B	6.34B	7.26B	8.59B	8.80B	8.58B	7.49B	6.87B	6.97B	6.04B	7.91B	7.18B	8.06B	-	9.05B	7.81B	7.06B	11.35B
Diluted EPS	2.86	3.31	3.24	3.92	4.85	5.17	5.26	4.76	4.42	4.48	3.88	5.08	4.61	5.16	-	5.81	5.02	4.53	7.26
R&D Expense	-	334.00M	335.00M	391.00M	413.00M	415.00M	449.00M	433.00M	423.00M	429.00M	453.00M	383.00M	465.00M	495.00M	617.00M	642.00M	709.00M	759.00M	756.00M

Compounded Sales Growth

5 Years:	8.57%
1 Year:	9.10%

Compounded Profit Growth

5 Years:	7.84%
1 Year:	-9.30%

Stock Price Performance

1 Year:	+1.70%
6 Months:	+14.73%
3 Months:	-4.21%
1 Month:	+9.02%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	32.97B	34.55B	35.05B	35.49B	37.67B	38.17B	35.19B	33.96B	36.85B	42.97B	39.80B	42.88B	44.81B	-	61.68B	65.30B	61.78B	69.19B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19.62B	19.75B	20.17B	24.36B
Cash & Equivalents	1.78B	1.50B	1.53B	1.54B	1.70B	2.55B	2.98B	2.15B	1.68B	3.42B	4.24B	8.45B	6.59B	6.86B	7.28B	-	3.21B	3.06B	4.22B	4.87B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.89B	10.77B	9.45B	11.48B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.85B	3.46B	3.79B	4.57B
Total Liabilities	-	-	25.07B	28.41B	29.93B	33.73B	39.52B	44.44B	46.39B	45.43B	47.75B	53.20B	50.54B	52.47B	55.45B	-	67.99B	74.75B	71.65B	77.21B
Current Liabilities	-	-	10.14B	11.18B	12.80B	14.79B	17.02B	17.07B	15.11B	15.39B	16.47B	15.96B	17.19B	18.83B	19.61B	-	27.34B	26.38B	22.91B	25.43B
Long Term Debt	-	-	11.38B	13.67B	13.37B	14.83B	-	-	-	-	-	-	-	-	-	-	34.88B	41.24B	42.17B	45.13B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43.12B	47.91B	45.70B	48.84B
Total Equity	-	-	7.50B	5.72B	3.51B	229.00M	-3.48B	-7.77B	-12.63B	-13.24B	-12.69B	-12.09B	-12.46B	-11.58B	-12.57B	-	-8.96B	-11.22B	-11.75B	-9.99B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.11B	2.11B	2.11B	2.11B

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	5.55B	7.93B	7.88B	9.44B	10.53B	9.42B	10.13B	7.74B	7.87B	8.08B	8.91B	9.48B	10.09B	9.81B	-	10.80B	9.20B	12.22B	12.23B
Investing Cash Flow	-2.59B	-3.16B	-1.10B	-710.00M	-1.03B	-992.00M	-2.68B	-996.00M	-708.00M	-834.00M	-3.08B	-998.00M	-1.81B	-1.15B	-	-15.68B	-3.60B	-1.09B	-3.97B
Financing Cash Flow	-3.59B	-4.18B	-6.91B	-8.58B	-8.34B	-8.10B	-8.21B	-6.84B	-4.74B	-5.41B	-2.77B	-9.65B	-8.06B	-8.50B	-	3.81B	-5.58B	-9.48B	-8.13B
Capital Expenditure	-1.07B	-1.10B	-715.00M	-713.00M	-897.00M	-1.06B	-1.20B	-1.15B	-960.00M	-1.17B	-1.55B	-1.44B	-852.00M	-602.00M	-	-1.08B	-1.32B	-1.44B	-1.57B
Free Cash Flow	4.48B	6.84B	7.17B	8.72B	9.63B	8.37B	8.94B	6.59B	6.91B	6.91B	7.36B	8.04B	9.24B	9.21B	-	9.73B	7.88B	10.77B	10.66B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.07B	24.00M	1.64B	134.00M
Share Buybacks	0	5.26B	5.62B	5.03B	5.37B	6.53B	5.96B	3.83B	48.00M	0	0	-	0	0	775.00M	209.00M	0	0	-
Dividends Paid	0	2.06B	4.33B	4.42B	4.79B	5.40B	5.72B	6.04B	6.25B	6.38B	6.52B	6.88B	7.16B	7.36B	7.58B	7.81B	7.96B	8.20B	8.62B

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	64.8%	63.7%	63.7%	64.7%	66.7%	-	64.1%	63.3%	64.8%	67.1%
Operating Margin %	-	-	-	-	-	-	-	-	-	40.9%	40.3%	38.4%	35.3%	40.7%	-	38.6%	34.7%	35.4%	36.7%
Net Margin %	-	-	-	-	-	-	-	-	-	26.1%	21.0%	26.7%	24.1%	28.1%	-	28.5%	22.2%	18.6%	27.9%
ROE %	-	91.9%	111.0%	207.0%	3,751.5%	-253.2%	-110.4%	-59.3%	-51.9%	-54.9%	-49.9%	-63.5%	-62.1%	-64.1%	-	-101.0%	-69.6%	-60.1%	-113.5%
ROCE %	-	44.9%	43.0%	50.3%	64.5%	67.1%	64.0%	58.3%	57.2%	53.5%	42.9%	50.3%	43.8%	46.3%	-	35.7%	31.4%	34.5%	34.1%

Shareholding Pattern

Insiders

0.16%

Institutions

84.09%

Public Float

84.23%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Capital World Investors	8.56%	133.45M	$23.67B
2	Blackrock Inc.	6.90%	107.53M	$19.07B
3	Vanguard Capital Management LLC	6.49%	101.16M	$17.94B
4	Capital Research Global Investors	5.12%	79.82M	$14.16B
5	Capital International Investors	4.67%	72.76M	$12.91B
6	State Street Corporation	3.53%	55.03M	$9.76B
7	JPMORGAN CHASE & CO	3.31%	51.59M	$9.15B
8	GQG Partners LLC	3.21%	50.11M	$8.89B
9	FMR, LLC	2.87%	44.77M	$7.94B
10	Geode Capital Management, LLC	2.47%	38.46M	$6.82B

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Sector	Consumer Defensive
Industry	Tobacco
Headquarters	United States
Employees	84,900
Website	https://www.pmi.com

Philip Morris International Inc. PM SPX

Market & Price

Valuation

Profitability & Returns

Balance Sheet & Liquidity

Ownership

Financial Snapshot

Growth (CAGR)

PROS

CONS

Price Chart

Technical Trend

Fundamental Growth

Peer comparison

Quarterly Results

Profit & Loss (Annual)

Compounded Sales Growth

Compounded Profit Growth

Stock Price Performance

Balance Sheet (Annual)

Cash Flows (Annual)

Ratios (Annual)

Shareholding Pattern

Top Institutional Holders

Analyst View

Latest News

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