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PM · Philip Morris International Inc. · Financials

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Market Cap
$321.15B
Shares
1.56B
Volume · Nov 5 4.43M Avg daily vol (3M) 4.48M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$40.65B +7.3%
FY2025 Revenue FY2007–FY2025
Net Income
$11.35B +60.8%
FY2025 Net Income FY2007–FY2025
Gross Margin
67.12% +2.3pp
FY2025 Gross Margin FY2007–FY2025
Operating Margin
36.64% +1.3pp
FY2025 Operating Margin FY2007–FY2025
Diluted EPS
$7.26 +60.6%
FY2025 Diluted EPS FY2007–FY2025
Operating Cash Flow
$12.23B +0.1%
FY2025 Operating Cash Flow FY2007–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2026 (G) TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007
— $43.14B $40.65B $37.88B $35.17B $31.76B $31.41B $28.69B $29.81B $29.63B $28.75B $26.69B $73.91B $80.11B $80.03B $77.39B $76.35B $67.71B $62.08B $63.64B $55.24B
— — — — -$1.06B -$588M -$628M -$618M -$570M -$665M -$914M -$891M -$1.01B -$1.05B -$973M -$859M -$800M -$876M -$797M -$311M -$10M
— $13.94B $13.37B $13.33B $12.89B $11.4B $10.03B $9.57B $10.51B $10.76B $10.43B $9.39B $9.37B $10.44B $10.41B $10.37B $10.68B $9.71B $9.02B $9.33B $8.71B
— $29.2B $27.28B $24.55B $22.28B $20.36B $21.38B $19.13B $19.29B $18.87B $18.32B $17.29B $17.43B $19.33B $20.81B $21B $20.42B $17.5B $16.01B $16.38B $14.1B
— — 67.12% 64.81% 63.35% 64.1% 68.06% 66.65% 64.73% 63.69% 63.71% 64.81% 23.58% 24.13% 26% 27.14% 26.75% 25.84% 25.79% 25.73% 25.52%
— — $756M $759M $709M $642M $617M $495M $465M $383M $453M $429M $423M $433M $449M $415M $413M $391M $335M $334M —
— — — — — — — — — — $164M $161M $162M $165M $187M $210M — — — — —
— $1.01B $1B $835M $497M — $96M $73M $66M $82M $88M $74M $82M $93M $93M $97M $98M $88M $74M $44M $28M
— $2.06B $2B $1.79B $1.4B $1.08B $998M $981M $964M $989M $875M $743M $754M $889M $882M $898M $993M $932M $853M $842M $748M
— $27M $149M $77M $78M $0 $216M $141M — — — $0 $68M $391M $309M $55M -$75M — — — —
— $16.66B $14.89B $13.4B $11.56B $12.25B $12.98B $11.67B $10.53B $11.38B $11.58B $10.9B $10.62B $11.7B $13.52B $13.86B $13.34B $11.2B $10.04B $10.25B $8.89B
— — 36.64% 35.38% 32.85% 38.56% 41.32% 40.66% 35.33% 38.4% 40.28% 40.86% 14.37% 14.61% 16.89% 17.91% 17.48% 16.54% 16.17% 16.1% 16.1%
— $18.72B $16.89B $15.19B $12.95B $13.32B $13.97B $12.65B $11.5B $12.37B $12.46B $11.65B $11.38B $12.59B $14.4B $14.76B $14.34B $12.13B $10.89B $11.09B $9.64B
— — $1.59B $1.76B $1.53B $768M $737M $728M $796M $855M $1.1B $1.07B $1.13B $1.17B $1.1B $1.01B $934M $974M $905M $528M —
— — $621M $620M $465M $180M $109M $110M $226M $190M $182M $178M $124M $118M $131M $148M $134M $98M $108M $217M —
— -$551M $705M $637M $157M $137M $149M — — — $59M $94M $105M $105M -$22M -$17M -$10M — — — —
— $15.69B $13.88B $12.2B $10.45B $11.63B $12.23B $10.95B $9.87B $10.67B $10.59B $9.92B $9.62B $10.65B $12.54B $13B $12.54B $10.32B $9.24B $9.94B —
— $3.29B $2.74B $3.02B $2.34B $2.24B $2.67B $2.38B $2.29B $2.45B $4.31B $2.77B $2.69B $3.1B $3.67B $3.83B $3.65B $2.83B $2.69B $2.79B $2.57B
— $10.71B $11.35B $7.06B $7.81B $9.05B $9.11B $8.06B $7.19B $7.91B $6.04B $6.97B $6.87B $7.49B $8.58B $8.8B $8.59B $7.26B $6.34B $6.89B $6.04B
— — 27.92% 18.63% 22.21% 28.49% 29% 28.08% 24.11% 26.7% 20.99% 26.11% 9.3% 9.35% 10.72% 11.37% 11.25% 10.72% 10.22% 10.83% 10.93%
— $630M $500M $446M $455M $479M $601M $536M $543M $375M $306M $283M $159M $165M $274M $354M $288M $239M $210M $260M $276M
— $10.68B $11.32B $7.03B $7.79B $9.02B $9.08B $8.04B $7.17B — — — — — — — — — — — —
— $12.16B $10.37B $7.56B $5.56B $9.07B $10.71B $6.24B $7.93B $6.34B $7.06B $6.81B $4.3B $4.86B $7.99B $8.06B $6.87B $6.94B $8.02B $3.08B $7.57B
USD/shares — $6.85 $7.27 $4.53 $5.02 $5.82 $5.83 $5.16 $4.61 $5.08 $3.88 $4.48 $4.42 $4.76 $5.26 $5.17 $4.85 $3.93 $3.25 $3.32 $2.86
USD/shares $7.11 – $7.26 $6.84 $7.26G $4.52 $5.02G $5.81 $5.83G $5.16G $4.61 $5.08 $3.88 $4.48 $4.42 $4.76 $5.26 $5.17 $4.85 $3.92 $3.24 $3.31 $2.86
shares — — 1.56B 1.55B 1.55B 1.55B 1.56B 1.56B 1.56B 1.56B 1.55B 1.55B 1.55B 1.57B 1.62B 1.69B 1.76B 1.84B 1.94B 2.07B —
shares — — 1.56B 1.56B 1.55B 1.55B 1.56B 1.56B 1.56B 1.56B 1.55B 1.55B 1.55B 1.57B 1.62B 1.69B 1.76B 1.84B 1.95B 2.08B —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $38.64B in buybacks, $113.49B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Finance lease liabilities 2026-09-30 USD 101,000,000 10-Q filed 2026-10-23
Long-term debt and lease obligations, including current maturities 2026-09-30 USD 45,037,000,000 10-Q filed 2026-10-23
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current long-term debt and lease obligations
USD 3,328,000,000
Noncurrent long-term debt and lease obligations
USD 41,709,000,000
Short-term borrowings 2026-09-30 USD 2,525,000,000 10-Q filed 2026-10-23
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.125% Notes due 2029

Note · Philip Morris International Inc.

Reference: 4.125% Notes due 2029

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Apr 27, 2029

Last reported interest terms: 4.125% Reported 2026-04-29 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-29 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-04-29
    On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Issuer evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Supporting evidence: The 2029 Notes will mature on April 27, 2029 and the 2036 Notes will mature on April 29, 2036.
    Supporting evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Supporting evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.

4.875% Notes due 2036

Note · Philip Morris International Inc.

Reference: 4.875% Notes due 2036

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Apr 29, 2036

Last reported interest terms: 4.875% Reported 2026-04-29 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-29 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-04-29
    On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Issuer evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Supporting evidence: The 2029 Notes will mature on April 27, 2029 and the 2036 Notes will mature on April 29, 2036.
    Supporting evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.
    Supporting evidence: On April 29, 2026, Philip Morris International Inc. (“PMI”) issued $750,000,000 aggregate principal amount of its 4.125% Notes due 2029 (the “2029 Notes”) and $750,000,000 aggregate principal amount of its 4.875% Notes due 2036 (the “2036 Notes” and, together with the 2029 Notes, the “Notes”). The Notes were issued pursuant to an Indenture dated as of April 25, 2008, by and between PMI and HSBC Bank USA, National Association, as trustee.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
8.39×
Tobacco median 1.20×
EV/EBIT
21.73×
Tobacco median 13.67×
P/E (TTM)
30.12×
Tobacco median 12.44×
Price/Sales (TTM)
7.44×
Tobacco median 0.90×
Price/Book
—
Tobacco median 0.71×
EV/Adj. EBITDA (FY2026)
19.23×

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Europe Segment $17,111,000,000 $15,690,000,000 $14,537,000,000 $12,972,000,000 $13,155,000,000 — —
SSEA CIS MEA Segment $12,051,000,000 $11,261,000,000 $10,629,000,000 $10,467,000,000 $9,858,000,000 — —
EAAUPMIGTR Segment $6,632,000,000 $6,393,000,000 $6,201,000,000 $5,936,000,000 $6,448,000,000 — —
Americas Segment $4,854,000,000 $4,534,000,000 $3,807,000,000 $2,116,000,000 $1,843,000,000 $1,701,000,000 $2,206,000,000
East Asia and Australia Segment — — — — — $5,429,000,000 $5,364,000,000
Eastern Europe Segment — — — — — $3,378,000,000 $3,282,000,000
European Union Segment — — — — — $10,702,000,000 $9,817,000,000
Middle East and Africa Segment — — — — — $3,088,000,000 $4,042,000,000
South and Southeast Asia Segment — — — — — $4,396,000,000 $5,094,000,000
Swedish Match AB — — — — — $0 —
Swedish Match AB Segment — — — — $0 — —
Wellness and Healthcare Segment — — — $271,000,000 $101,000,000 $0 —
All Other Segments — — — — — — $0

By Geography (USD)

Component FY2021 FY2020 FY2019 FY2018 FY2017
Saudi Arabia -$246,000,000 — — — —
East Asia and Australia — $5,429,000,000 $5,364,000,000 $5,580,000,000 $6,373,000,000
Eastern Europe — $3,378,000,000 $3,282,000,000 $2,921,000,000 $2,711,000,000
Latin America and Canada — $1,701,000,000 $2,206,000,000 $3,056,000,000 $2,941,000,000
Middle East and Africa — $3,088,000,000 $4,042,000,000 $4,114,000,000 $3,988,000,000
South and Southeast Asia — $4,396,000,000 $5,094,000,000 $4,656,000,000 $4,417,000,000
European Union — $10,702,000,000 $9,817,000,000 $9,298,000,000 $8,318,000,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Combustible Tobacco Products $23,794,000,000 $23,218,000,000 $22,334,000,000 $21,572,000,000 $22,067,000,000 $21,747,000,000 $24,218,000,000 $25,529,000,000
Smoke Free Products $16,854,000,000 $14,660,000,000 $12,840,000,000 $10,190,000,000 $9,338,000,000 $6,947,000,000 — —
Reduced Risk Products — — — — — — $5,587,000,000 $4,096,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Europe Segment $7,165,000,000 $6,547,000,000 $5,299,000,000 $5,776,000,000 $6,409,000,000 — —
SSEA CIS MEA Segment $4,096,000,000 $3,429,000,000 $3,136,000,000 $3,864,000,000 $3,295,000,000 — —
EAAUPMIGTR Segment $3,126,000,000 $2,878,000,000 $2,539,000,000 $2,424,000,000 $2,836,000,000 — —
Americas Segment $505,000,000 $548,000,000 $582,000,000 $440,000,000 $487,000,000 $564,000,000 $235,000,000
East Asia and Australia Segment — — — — — $2,400,000,000 $1,932,000,000
Eastern Europe Segment — — — — — $871,000,000 $547,000,000
European Union Segment — — — — — $5,098,000,000 $3,970,000,000
Middle East and Africa Segment — — — — — $1,026,000,000 $1,684,000,000
South and Southeast Asia Segment — — — — — $1,709,000,000 $2,163,000,000
Swedish Match AB — — — — — $0 —
Swedish Match AB Segment — — — — $0 — —
Wellness and Healthcare — — — — — $0 —
Wellness and Healthcare Segment — — — -$258,000,000 -$52,000,000 — —
All Other Segments — — — — — — $0

Operating Margin by Segment (%)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Europe Segment 41.9% 41.7% 36.5% 44.5% 48.7% — —
SSEA CIS MEA Segment 34% 30.5% 29.5% 36.9% 33.4% — —
EAAUPMIGTR Segment 47.1% 45% 40.9% 40.8% 44% — —
Americas Segment 10.4% 12.1% 15.3% 20.8% 26.4% 33.2% 10.7%
East Asia and Australia Segment — — — — — 44.2% 36%
Eastern Europe Segment — — — — — 25.8% 16.7%
European Union Segment — — — — — 47.6% 40.4%
Middle East and Africa Segment — — — — — 33.2% 41.7%
South and Southeast Asia Segment — — — — — 38.9% 42.5%
Wellness and Healthcare Segment — — — -95.2% -51.5% — —
Key facts CIK 1413329 CUSIP 718172109 13F (30d) 1657 filings 1600 filers Visit website Investor relations