A Business at a Glance
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General Development of Business Philip Morris International Inc. is a Virginia holding company incorporated in 1987. In March 2008, we became a U.S. public company listed on the New York Stock Exchange and subject to the rules of the U.S. Securities and Exchange Commission (the "SEC"). We are a leading international consumer goods company, actively delivering a smoke-free future and evolving our portfolio for the long term to include products outside of the tobacco and nicotine sector. Our current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Since 2008, we have invested over $16 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 40.6B | 40.6B | 37.9B | 35.2B | 31.8B | 31.4B |
| Net Income | 11.3B | 11.3B | 7.1B | 7.8B | 9.0B | 9.1B |
| EPS | $7.26 | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 |
| Free Cash Flow | 10.7B | 10.7B | 10.8B | 7.9B | 9.7B | 11.2B |
| ROIC | 35.3% | 43.8% | 39.5% | 29.3% | 35.6% | 116.5% |
| Gross Margin | 67.1% | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% |
| Debt/Equity | 0.00 | -4.89 | -3.89 | -4.27 | -4.81 | -2.75 |
| Dividends/Share | $5.52 | $5.64 | $5.30 | $5.14 | $5.04 | $4.90 |
| Operating Income | 14.9B | 14.9B | 13.4B | 11.6B | 12.2B | 13.0B |
| Operating Margin | 36.6% | 36.6% | 35.4% | 32.9% | 38.6% | 41.3% |
| ROE | 0.0% | -104.4% | -60.1% | -69.6% | -101.0% | -90.1% |
| Shares Outstanding | 1,563M | 1,563M | 1,561M | 1,556M | 1,557M | 1,562M |
Philip Morris International Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Philip Morris International Inc. trades at 22.4x trailing earnings, compared to its 15-year median P/E of 14.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 23.8x vs a median of 13.5x. The company's 5-year average ROIC is 52.9% with a gross margin of 65.5%. Total shareholder yield (dividends) is 3.4%. At current prices, the estimated annualized return to fair value is +1.2%.
Philip Morris International Inc. (PM) has a current P/E ratio of 22.4, compared to its historical median P/E of 14.5. The stock is currently considered Expensive based on its historical valuation range.
Philip Morris International Inc. (PM) has a 5-year average return on invested capital (ROIC) of 52.9%. This indicates strong capital allocation and a potential competitive advantage.
Philip Morris International Inc. (PM) has a market capitalization of $254.4B. It is classified as a mega-cap stock.
Yes, Philip Morris International Inc. (PM) pays a dividend with a trailing twelve-month yield of 3.39%.
Based on historical P/E analysis, Philip Morris International Inc. (PM) appears expensive. The current P/E of 22.4 is 55% above its historical median of 14.5. The estimated fair value CAGR (P/E method) is 2.4%.
Philip Morris International Inc. (PM) operates in the Cigarettes industry, within the Consumer Defensive sector.
Philip Morris International Inc. (PM) reported annual revenue of $40.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Philip Morris International Inc. (PM) has a net profit margin of 27.9%. This is a strong margin indicating high profitability.
Philip Morris International Inc. (PM) generated $10.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Philip Morris International Inc. (PM) reported earnings per share (EPS) of $7.26 in its most recent fiscal year.
Philip Morris International Inc. (PM) has a return on equity (ROE) of -104.4%. A negative ROE may indicate losses or negative equity.
Philip Morris International Inc. (PM) has a 5-year average gross margin of 65.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Philip Morris International Inc. (PM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Philip Morris International Inc. (PM) has a book value per share of $-6.39, based on its most recent annual SEC filing.