Philip Morris International Inc (PM) Stock Analysis
Consumer Defensive · Tobacco · NYSE
Philip Morris International Inc (PM) posted $40.65B in revenue for fiscal 2025 (up 7.3% year over year), at a 27.9% net margin, and has compounded revenue about 7.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Philip Morris International Inc
Philip Morris International Inc has grown revenue from $26.68B to $40.65B over the last 10 fiscal years, compounding about 7.2% a year. The most recent year was up 7.3%, roughly in line with its longer-run pace.
Net margin sits at 27.9%, up 9.3 points year over year on a 67.1% gross margin. It carries about $168.00M of total debt.
At today's valuation the market is pricing in roughly 12.2% annual free-cash-flow growth — versus the 3% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from Philip Morris International Inc's SEC filings — descriptive, not advice. Ask the analyst your own question →
Philip Morris International Inc revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.68B | $28.75B | $29.63B | $29.80B | $28.69B | $31.41B | $31.76B | $35.17B | $37.88B | $40.65B |
| Gross profit | $17.29B | $18.32B | $18.87B | $19.29B | $19.13B | $21.38B | $20.36B | $22.28B | $24.55B | $27.28B |
| Net income | $6.97B | $6.04B | $7.91B | $7.18B | $8.06B | $9.11B | $9.05B | $7.81B | $7.06B | $11.35B |
| Net margin | 26.1% | 21.0% | 26.7% | 24.1% | 28.1% | 29.0% | 28.5% | 22.2% | 18.6% | 27.9% |
Source: Philip Morris International Inc SEC filings (10-K). 19 years of history available in the interactive view.
Philip Morris International Inc: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into PM stock?
At today's market cap of $297.41B, Philip Morris International Inc is priced for free-cash-flow growth of about 12.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $10.66B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3%/yr over the last five fiscal years and revenue 7.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Philip Morris International Inc financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freePhilip Morris International Inc financial history by metric
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About Philip Morris International Inc
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.
Philip Morris International Inc — frequently asked questions
What is Philip Morris International Inc's revenue?
Philip Morris International Inc (PM) reported revenue of $40.65B for fiscal year 2025, up 7.3% from the prior year, according to its SEC filings.
Is Philip Morris International Inc profitable?
Yes. PM earned net income of $11.35B in fiscal 2025, a net margin of 27.9%.
What is PM's P/E ratio?
Philip Morris International Inc trades at a price-to-earnings ratio of about 26.2 based on the latest data in our nightly-refreshed cache.
How fast is Philip Morris International Inc growing?
PM's revenue grew at roughly 7.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Philip Morris International Inc have?
As of fiscal year 2025, PM carried roughly $168.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Philip Morris International Inc's gross margin?
PM's gross margin was 67.1% in fiscal 2025 — gross profit of $27.28B on revenue of $40.65B.
What is Philip Morris International Inc's market cap?
Philip Morris International Inc (PM) has a market capitalization of about $297.41B, based on the latest data in our nightly-refreshed cache.
When does Philip Morris International Inc's fiscal year end?
PM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PM stock?
At today's market cap of $297.41B, Philip Morris International Inc is priced for free-cash-flow growth of about 12.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $10.66B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3%/yr over the last five fiscal years and revenue 7.2%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Philip Morris International Inc's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.