80/100B196.280
USD
1.94
(1.00%)
Post Trading·197.300USD+1.020(+0.52%)
Fair value131.34Plus+49%98Price 196.28260
Q4 FY2026 · Earnings report
EPS estimate 1.79Revenue estimate 10.87B
Q4 FY2026 · Earnings report
EPS estimate 1.79Revenue estimate 10.87B
Philip Morris International financials
Yes. Philip Morris International earned 10.71B USD of net income over the last twelve months, 24.8% of its revenue. It made a profit in 24 of its 24 fiscal years since 2001.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 43.14B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 10.71B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 13.60B USD
- Cash and short-term investments
- 6.68B USD
- Total debt
- 47.56B USD
- Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.
- -7.94B USD
Cash, debt and equity as of 30 Sept 2026.
Philip Morris International earnings
Next earnings · Q4 FY2026
EPS estimate
1.79 USD
Revenue estimate
10.87B USD
Last quarter · Q3 FY2026
EPS2.36Beat +2.6%Revenue11.44BBeat +1.1%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 2.51 | — | — | +6.48% | 11.97B | — | — | +4.62% | |
| Q2 FY2027 | 2.34 | — | — | +6.15% | 11.67B | — | — | +4.25% | |
| Q1 FY2027 | 2.05 | — | — | +4.41% | 10.56B | — | — | +4.12% | |
| Q4 FY2026 | 1.79 | — | — | +5.29% | 10.87B | — | — | +4.86% | |
| Q3 FY2026 | 2.30 | 2.36 | +2.61% | +5.36% | 11.32B | 11.44B | +1.07% | +5.47% | |
| Q2 FY2026 | 2.05 | 2.20 | +7.32% | +15.18% | 10.60B | 11.19B | +5.57% | +10.37% | |
| Q1 FY2026 | 1.86 | 1.96 | +5.38% | +15.98% | 9.95B | 10.15B | +1.94% | +9.09% | |
| Q4 FY2025 | 1.70 | 1.70 | 0.00% | +9.68% | 10.40B | 10.36B | -0.39% | +6.76% | |
| Q3 FY2025 | 2.09 | 2.24 | +7.18% | +17.28% | 10.64B | 10.85B | +1.97% | +9.42% | |
| Q2 FY2025 | 1.86 | 1.91 | +2.69% | +20.13% | 10.32B | 10.14B | -1.72% | +7.79% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 9.89 | — | — | +9.20% | 48.59B | — | — | +6.35% |
| FY2027 | 9.06 | — | — | +8.57% | 45.69B | — | — | +4.85% |
| FY2026 | 8.35 | — | — | +10.68% | 43.57B | — | — | +7.20% |
| FY2025 | 7.52 | 7.54 | +0.24% | +15.11% | 40.63B | 40.65B | +0.04% | +7.49% |
| FY2024 | 6.50 | 6.55 | +0.70% | +8.99% | 37.66B | 37.82B | +0.43% | +7.51% |
| FY2023 | 6.13 | 6.01 | -1.95% | +0.84% | 35.12B | 35.17B | +0.14% | +10.74% |
| FY2022 | 5.67 | 5.96 | +5.10% | -1.81% | 30.52B | 31.76B | +4.06% | +1.14% |
Philip Morris International growth and profitability
Full income statement- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 43.14B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 10.71B USD
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 67.74%
- Operating margin
- 38.62%
- Net margin
- 24.82%
Revenue / Net income
Revenue Net income Net margin
How Philip Morris International makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Combustible Products23.79B 58.5%
Reduced-Risk Products16.85B 41.5%
Revenue40.65B 100.0%
Cost of revenue13.37B 32.9%
Gross profit27.28B 67.1%
Research and development756.00M 1.9%
Selling and administration10.56B 26.0%
Other operating expenses1.08B 2.7%
Operating income14.89B 36.6%
Tax2.74B 6.7%
Other expense807.00M 2.0%
Net income11.35B 27.9%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Philip Morris International revenue breakdown
By product
FY2025
58.5%Combustible Products41.5%Reduced-Risk Products
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Combustible Products | 23.79B | 58.5% | +2.5% |
| Reduced-Risk Products | 16.85B | 41.5% | +15.0% |
By region
FY2025
42.1%European Union29.6%SSEA, CIS & MEA16.3%EA, AU & PMI GTR11.9%Americas
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| European Union | 17.11B | 42.1% | +11.4% |
| SSEA, CIS & MEA | 12.05B | 29.6% | +7.0% |
| EA, AU & PMI GTR | 6.63B | 16.3% | — |
| Americas | 4.85B | 11.9% | +7.1% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
Philip Morris International financial health
Full balance sheet- Cash and short-term investments
- 6.68B USD
- Total debt
- 47.56B USD
- Net cash
- -40.88B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 13.60B USD
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 1.02
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 8 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 4.87
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
Philip Morris International valuation
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 28.65
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 23.52
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 7.09
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 18.49
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
305.92B USD
+
Total debt
47.56B USD
−
Cash and short-term investments
6.68B USD
=
Enterprise value
346.80B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
Philip Morris International against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: The Procter & Gamble, The Coca-Cola, Costco Wholesale, PepsiCo, Altria Group, and Walmart, the US Consumer Defensive companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Above its median28.714.238.0
- Gross marginAbove its median67.1%63.3%68.1%Against its peers: 2 of 7Peers' median 52.2%
- Operating marginAt its median36.6%32.9%41.3%Against its peers: 2 of 7Peers' median 17.5%
- Net marginAt its median27.9%18.6%29.0%Against its peers: 2 of 7Peers' median 13.6%
- Free cash flow marginBelow its median26.2%22.4%35.7%Against its peers: 2 of 7Peers' median 9.6%
- Revenue growthBelow its median7.3%1.1%10.7%Against its peers: 2 of 7Peers' median 2.8%
- EPS growthHighest in 5 years60.6%-13.6%60.6%Against its peers: 1 of 7Peers' median 7.5%
- Debt to EBITDABelow its median2.61×1.99×3.58×Against its peers: 6 of 7Peers' median 1.91×
- Current ratioHighest in 5 years0.960.720.96Against its peers: 3 of 7Peers' median 0.82
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Philip Morris International dividends
- Annual dividend
- 6.40 USD
- Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 3.26%
- Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).
- 87.74%
- Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.
- 18
- Frequency
- Quarterly
- Last payment
- 1.60 USD
- Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.
- 2 Oct 2026
- Last payment date
- 26 Oct 2026
Dividends per share
Philip Morris International ownership
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 84.20%
- Institutional holders
- 3,019 (+58)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 99.79%
Who owns the shares
Institutions 84.2% Others 15.8%
As of 30 Jun 2026
Shares free to trade
Free float 1.56B shares ·99.8% Closely held 3.23M shares ·0.2%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q3 2026 | 0 | 0 | 0.00 | 0.00 |
| Q2 2026 | 0 | 0 | 10.07K | 0.00 |
| Q1 2026 | 0 | 7 | 336.58K | 187.01K |
| Q2 2025 | 0 | 0 | 10.02K | 0.00 |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about Philip Morris International's financials
Source: Financial Modeling PrepVerified against SEC filings