PM · Philip Morris International Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.15B | - | $10.85B | $10.14B | $9.30B | - | $9.91B | $9.47B | $8.79B | - |
| Cost of Revenue | $3.24B | - | $3.49B | $3.28B | $3.04B | - | $3.37B | $3.35B | $3.19B | - |
| Gross Profit | $6.91B | - | $7.36B | $6.86B | $6.26B | - | $6.54B | $6.12B | $5.60B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $510.00M | - | $505.00M | $490.00M | $367.00M | - | - | - | - | - |
| Operating Income | $3.89B | - | $4.26B | $3.71B | $3.54B | - | $3.65B | $3.44B | $3.04B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $676.00M | - | $751.00M | $652.00M | $659.00M | - | $735.00M | $734.00M | $676.00M | - |
| Net Income | $2.44B | - | $3.48B | $3.04B | $2.69B | - | $3.08B | $2.41B | $2.15B | - |
| EPS - Basic | $1.56 | - | $2.23 | $1.95 | $1.72 | - | $1.98 | $1.54 | $1.38 | - |
| EPS - Diluted | $1.56 | - | $2.23 | $1.95 | $1.72 | - | $1.97 | $1.54 | $1.38 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.45B | $4.87B | $4.04B | $4.14B | $4.44B | $4.22B | $4.26B | $4.81B | $3.97B | $3.06B |
| Accounts Receivable | $5.12B | $4.57B | $4.80B | $4.99B | $4.88B | $3.79B | $4.24B | $4.24B | $4.19B | $3.46B |
| Inventory | $11.39B | $11.48B | $10.27B | $10.73B | $10.13B | $9.45B | $9.36B | $9.38B | $9.97B | $10.77B |
| Accounts Payable | $3.93B | $4.41B | $3.98B | $3.87B | $3.75B | $3.95B | $3.51B | $3.59B | $3.65B | $4.14B |
| Current Assets | $25.60B | $24.36B | $22.66B | $23.36B | $22.20B | $20.17B | $20.80B | $21.03B | $20.87B | $19.75B |
| Total Assets | $68.91B | $69.19B | $67.06B | $68.51B | $65.08B | $61.78B | $66.89B | $65.78B | $65.31B | $65.30B |
| Current Liabilities | $26.22B | $25.43B | $26.72B | $28.15B | $28.09B | $22.91B | $23.37B | $22.42B | $22.17B | $26.38B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $76.21B | $77.21B | $76.05B | $78.52B | $74.00B | $71.65B | $74.61B | $73.72B | $73.88B | $74.75B |
| Stockholders' Equity | ($9.28B) | ($9.99B) | ($10.91B) | ($11.97B) | ($10.90B) | ($11.75B) | ($9.69B) | ($9.74B) | ($10.31B) | ($11.22B) |
| Retained Earnings | $35.54B | $35.40B | $35.56B | $34.38B | $33.45B | $32.87B | $35.56B | $34.58B | $34.21B | $34.09B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($399.00M) | - | - | - | ($350.00M) | - | - | - | $241.00M | - |
| Investing Cash Flow | ($3.00M) | - | - | - | ($434.00M) | - | - | - | ($193.00M) | - |
| Financing Cash Flow | $1.10B | - | - | - | $671.00M | - | - | - | $1.14B | - |
| CapEx | $353.00M | - | - | - | $404.00M | - | - | - | $417.00M | - |
| Free Cash Flow | ($752.00M) | - | - | - | ($754.00M) | - | - | - | ($176.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 68.1% | - | 67.8% | 67.7% | 67.3% | - | 66.0% | 64.7% | 63.7% | - |
| Operating margin | 38.4% | - | 39.3% | 36.6% | 38.1% | - | 36.9% | 36.4% | 34.6% | - |
| EBITDA margin | 43.4% | - | 44.0% | 41.4% | 42.0% | - | - | - | - | - |
| Net margin | 24.0% | - | 32.1% | 30.0% | 28.9% | - | 31.1% | 25.4% | 24.4% | - |
| Free cash flow margin | -7.4% | - | - | - | -8.1% | - | - | - | -2.0% | - |
| FCF / Net income | -0.31 | - | - | - | -0.28 | - | - | - | -0.08 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 21.7% | - | 17.8% | 17.7% | 19.7% | - | 19.3% | 23.4% | 23.9% | - |
| Return on assets | 3.5% | - | 5.2% | 4.4% | 4.1% | - | 4.6% | 3.7% | 3.3% | - |
| Return on equity | -26.3% | - | -31.9% | -25.4% | -24.7% | - | -31.8% | -24.7% | -20.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.98 | 0.96 | 0.85 | 0.83 | 0.79 | 0.88 | 0.89 | 0.94 | 0.94 | 0.75 |
| Quick ratio | 0.54 | 0.51 | 0.46 | 0.45 | 0.43 | 0.47 | 0.49 | 0.52 | 0.49 | 0.34 |
| Cash ratio | 0.21 | 0.19 | 0.15 | 0.15 | 0.16 | 0.18 | 0.18 | 0.21 | 0.18 | 0.12 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -7.43 | -6.92 | -6.14 | -5.73 | -5.97 | -5.26 | -6.90 | -6.75 | -6.34 | -5.82 |
| Liabilities / Assets | 1.11 | 1.12 | 1.13 | 1.15 | 1.14 | 1.16 | 1.12 | 1.12 | 1.13 | 1.14 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.16 | 0.15 | 0.14 | - | 0.15 | 0.14 | 0.13 | - |
| Inventory turnover | 0.28 | - | 0.34 | 0.31 | 0.30 | - | 0.36 | 0.36 | 0.32 | - |
| Days sales outstanding | 184d | - | 161d | 180d | 192d | - | 156d | 163d | 174d | - |
| Days inventory outstanding | 1283d | - | 1075d | 1194d | 1216d | - | 1014d | 1024d | 1139d | - |
| Days payable outstanding | 442d | - | 416d | 431d | 450d | - | 381d | 392d | 417d | - |
| Cash conversion cycle | 1025d | - | 820d | 943d | 957d | - | 790d | 795d | 896d | - |
| Valuation | ||||||||||
| P / E | 106.0x | - | 72.7x | 93.4x | 92.3x | - | 61.6x | 65.8x | 66.4x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 25.4x | - | 23.3x | 28.0x | 26.6x | - | 19.1x | 16.7x | 16.2x | - |
| EV / EBITDA | 57.3x | - | 52.2x | 66.5x | 62.1x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.1% | - | 9.4% | 7.1% | 5.8% | - | 8.4% | 5.6% | 9.7% | - |
| Revenue CAGR (3y) | 8.2% | - | 10.5% | 9.0% | 6.3% | - | 6.9% | 7.6% | 5.0% | - |
| Revenue CAGR (5y) | 6.0% | - | 7.8% | 8.8% | 5.4% | - | 5.3% | 4.2% | 5.4% | - |
| Gross profit growth (YoY) | 10.3% | - | 12.4% | 12.1% | 11.8% | - | 9.5% | 6.7% | 12.4% | - |
| Operating income growth (YoY) | 9.8% | - | 16.7% | 7.8% | 16.4% | - | 8.4% | 34.2% | 11.5% | - |
| Net income growth (YoY) | -9.4% | - | 12.8% | 26.3% | 25.2% | - | 50.0% | 53.4% | 7.7% | - |
| EPS growth (YoY) | -9.3% | - | 13.2% | 26.6% | 24.6% | - | 49.2% | 52.5% | 7.8% | - |
| EPS CAGR (3y) | 6.8% | - | 18.5% | 10.9% | 4.7% | - | 8.3% | 3.5% | -3.8% | - |
| EPS CAGR (5y) | 0.1% | - | 8.5% | 9.3% | 8.0% | - | 10.1% | 0.7% | 9.7% | - |
| FCF growth (YoY) | 0.3% | - | - | - | -328.4% | - | - | - | 85.7% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.9% | 14.9% | -12.6% | -22.8% | -5.7% | -4.7% | -2.8% | -0.4% | -15.5% | -25.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$40.65B totalEurope Segment$17.11B · 42.1%
SSEACISMEASegment$12.05B · 29.6%
EAAUPMIGTRSegment$6.63B · 16.3%
Americas Segment$4.85B · 11.9%
Product / service
$17.11B totalCombustible Tobacco Products$8.98B · 52.5%
Smoke Free Products$8.13B · 47.5%
Geographic
$4.20B totalJP$4.20B · 100.0%
Peer comparison
Same SIC group: Cigarettes
Comparing Philip Morris International Inc. against the 5 most active filers in the same SIC group.
Dividends
$5.76/share trailing 12 months · +7.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 19, 2026 | $1.4700 |
| Dec 26, 2025 | $1.4700 |
| Oct 3, 2025 | $1.4700 |
| Jun 27, 2025 | $1.3500 |
| Mar 20, 2025 | $1.3500 |
| Dec 26, 2024 | $1.3500 |
| Sep 26, 2024 | $1.3500 |
| Jun 21, 2024 | $1.3000 |
| Mar 20, 2024 | $1.3000 |
| Dec 20, 2023 | $1.3000 |
| Sep 26, 2023 | $1.3000 |
| Jun 22, 2023 | $1.2700 |
| Mar 22, 2023 | $1.2700 |
| Dec 21, 2022 | $1.2700 |
| Sep 27, 2022 | $1.2700 |
| Jun 30, 2022 | $1.2500 |
| Mar 23, 2022 | $1.2500 |
| Dec 22, 2021 | $1.2500 |
| Sep 28, 2021 | $1.2500 |
| Jun 24, 2021 | $1.2000 |
| Mar 19, 2021 | $1.2000 |
| Dec 22, 2020 | $1.2000 |
| Sep 23, 2020 | $1.2000 |
| Jun 19, 2020 | $1.1700 |