Philip Morris International Inc. | Mega-cap | Consumer Defensive
$160.47
2.31%
| Philip Morris Stock Comparison:
Philip Morris vs Altria GroupPhilip Morris vs Rlx TechnologyPhilip Morris vs UniversalPhilip Morris vs Ispire TechnologyPhilip Morris vs Kaival BrandsPhilip Morris vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 10.1B
Gross Profit 6.9B 67.66%
Operating Income 3.8B 37.01%
Net Income 3.1B 31.05%
EPS (Diluted) $1.95

Balance Sheet Metrics

Total Assets 65.1B
Total Liabilities 74.0B
Shareholders Equity -8.9B

Cash Flow Metrics

Operating Cash Flow 2.1B
Free Cash Flow -754.0M

Revenue & Profitability Trend

Philip Morris Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 37.9B 35.2B 31.8B 31.4B 28.7B
Cost of Goods Sold i 13.3B 12.9B 11.4B 10.0B 9.6B
Gross Profit i 24.5B 22.3B 20.4B 21.4B 19.1B
Gross Margin % i 64.8% 63.3% 64.1% 68.1% 66.7%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 11.1B 10.1B 8.1B 8.5B 7.5B
Other Operating Expenses i - - - - -
Total Operating Expenses i 11.1B 10.1B 8.1B 8.5B 7.5B
Operating Income i 13.4B 12.2B 12.2B 12.9B 11.6B
Operating Margin % i 35.4% 34.6% 38.5% 40.9% 40.3%
Non-Operating Items
Interest Income i 620.0M 465.0M 180.0M 109.0M 110.0M
Interest Expense i 1.8B 1.5B 768.0M 737.0M 728.0M
Other Non-Operating Income -60.0M -665.0M - - -
Pre-tax Income i 12.2B 10.4B 11.6B 12.2B 11.0B
Income Tax i 3.0B 2.3B 2.2B 2.7B 2.4B
Effective Tax Rate % i 24.7% 22.4% 19.3% 21.8% 21.7%
Net Income i 7.5B 8.3B 9.5B 9.7B 8.6B
Net Margin % i 19.8% 23.5% 30.0% 30.9% 29.9%
Key Metrics
EBITDA i 15.7B 14.0B 13.5B 14.0B 12.7B
EPS (Basic) i $4.53 $5.02 $5.82 $5.83 $5.16
EPS (Diluted) i $4.53 $5.02 $5.81 $5.83 $5.16
Basic Shares Outstanding i 1554000000 1552000000 1550000000 1558000000 1557000000
Diluted Shares Outstanding i 1554000000 1552000000 1550000000 1558000000 1557000000

Income Statement Trend

Philip Morris Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 4.2B 3.1B 3.2B 4.5B 7.3B
Short-term Investments i - - - - -
Accounts Receivable i 3.8B 3.5B 3.8B 3.1B 2.9B
Inventory i 9.5B 10.8B 9.9B 8.7B 9.6B
Other Current Assets 1.8B 1.5B 1.8B 561.0M 860.0M
Total Current Assets i 20.2B 19.8B 19.6B 17.7B 21.5B
Non-Current Assets
Property, Plant & Equipment i 0 0 0 0 0
Goodwill i 44.5B 43.4B 46.0B 16.2B 13.9B
Intangible Assets i 11.3B 9.9B 6.7B 2.8B 2.0B
Long-term Investments - - - - -
Other Non-Current Assets 3.7B 6.5B 4.5B 3.4B 4.2B
Total Non-Current Assets i 41.6B 45.5B 42.1B 23.6B 23.3B
Total Assets i 61.8B 65.3B 61.7B 41.3B 44.8B
Liabilities
Current Liabilities
Accounts Payable i 4.0B 4.1B 4.1B 3.3B 2.8B
Short-term Debt i 3.5B 6.7B 8.2B 3.0B 3.4B
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i 22.9B 26.4B 27.3B 19.3B 19.6B
Non-Current Liabilities
Long-term Debt i 42.2B 41.2B 34.9B 24.8B 28.2B
Deferred Tax Liabilities i 2.5B 2.3B 2.0B 726.0M 684.0M
Other Non-Current Liabilities 1.1B 1.7B 1.8B 1.8B 2.5B
Total Non-Current Liabilities i 48.7B 48.4B 40.7B 30.2B 35.8B
Total Liabilities i 71.7B 74.8B 68.0B 49.5B 55.4B
Equity
Common Stock i 0 0 0 0 0
Retained Earnings i 32.9B 34.1B 34.3B 33.1B 31.6B
Treasury Stock i 35.6B 35.8B 35.9B 35.8B 35.1B
Other Equity - - - - -
Total Shareholders Equity i -9.9B -9.4B -6.3B -8.2B -10.6B
Key Metrics
Total Debt i 45.7B 47.9B 43.1B 27.8B 31.5B
Working Capital i -2.7B -6.6B -7.7B -1.5B 1.9B

Balance Sheet Composition

Philip Morris Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 7.5B 8.3B 9.5B 9.7B 8.6B
Depreciation & Amortization i 1.8B 1.4B 1.1B 998.0M 981.0M
Stock-Based Compensation i - - - - -
Working Capital Changes i 49.0M -1.3B 162.0M 1.4B 128.0M
Operating Cash Flow i 9.0B 8.5B 10.8B 12.0B 9.8B
Investing Activities
Capital Expenditures i - - - - -
Acquisitions i 55.0M -111.0M -14.0B -2.1B -47.0M
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i 352.0M -1.6B -14.9B -2.1B -1.0M
Financing Activities
Share Repurchases i 0 0 -209.0M -775.0M 0
Dividends Paid i -8.2B -8.0B -7.8B -7.6B -7.4B
Debt Issuance i 8.1B 10.0B 19.9B 0 3.8B
Debt Repayment i -9.9B -8.2B -7.5B -3.0B -4.1B
Financing Cash Flow i -11.4B -6.8B 3.0B -12.0B -8.6B
Free Cash Flow i 10.8B 7.9B 9.7B 11.2B 9.2B
Net Change in Cash i -2.0B 123.0M -1.1B -2.1B 1.3B

Cash Flow Trend

Philip Morris Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 22.86
Forward P/E 21.47
Price to Book -24.15
Price to Sales 6.16
PEG Ratio 0.86

Profitability Ratios

Profit Margin 21.08%
Operating Margin 50.09%
Return on Equity -71.27%
Return on Assets 14.79%

Financial Health

Current Ratio 0.83
Debt to Equity -5.14
Beta 0.48

Per Share Data

EPS (TTM) $6.76
Book Value per Share $-7.69
Revenue per Share $25.12

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
pm 241.7B 22.86 -24.15 -71.27% 21.08% -5.14
Altria Group 109.9B 12.89 -34.30 -513.53% 43.37% -7.71
Rlx Technology 3.0B 30.25 0.18 4.63% 24.91% 0.97
Universal 1.4B 13.24 0.93 8.87% 3.51% 85.10
Ispire Technology 131.7M - 229.09 -223.84% -30.78% 1,167.28
Kaival Brands 6.7M -0.35 0.66 -68.63% 37.83% 7.61

Financial data is updated regularly. All figures are in the company's reporting currency.