| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | 6 | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 6.00 |
—
—
|
| 2025 | 5.64 |
—
—
—
—
|
| 2024 | 5.30 |
—
—
—
—
|
| 2023 | 5.14 |
—
—
—
—
|
| 2022 | 5.04 |
—
—
—
—
|
| 2021 | 4.90 |
—
—
—
—
|
| 2020 | 4.74 |
—
—
—
—
|
| 2019 | 4.62 |
—
—
—
—
|
| 2018 | 4.49 |
—
—
—
—
|
| 2017 | 4.22 |
—
—
—
—
|
| 2016 | 5.14 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 3,060.00 | 4,216.00 | 4,872.00 | 5,999.00 |
| Receivables | 4,391.00 | 4,675.00 | 5,810.00 | 6,474.00 |
| Inventory | 10,774.00 | 9,453.00 | 11,478.00 | 11,436.00 |
| Other | 1,530.00 | 1,826.00 | 2,203.00 | 2,097.00 |
| 19,755.00 | 20,170.00 | 24,363.00 | 26,006.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 4,143.00 | 3,952.00 | 4,407.00 | 3,919.00 |
| ST’ Debt | 6,666.00 | 3,529.00 | 3,701.00 | 6,747.00 |
| Other | 19,717.00 | 19,386.00 | 21,726.00 | 19,795.00 |
| 26,383.00 | 22,915.00 | 25,427.00 | 26,542.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 10,146.00 | 11,192.00 | — | — |
—
|
| ’25 | 9,301.00 | 10,140.00 | 10,845.00 | 10,362.00 |
40,648.00
|
| ’24 | 8,793.00 | 9,468.00 | 9,911.00 | 9,706.00 |
37,878.00
|
| ’23 | 8,019.00 | 8,967.00 | 9,141.00 | 9,047.00 |
35,174.00
|
| ’22 | 7,746.00 | 7,832.00 | 8,032.00 | 8,152.00 |
31,762.00
|
| ’21 | 7,585.00 | 7,594.00 | 8,122.00 | 8,104.00 |
31,405.00
|
| ’20 | 7,153.00 | 6,651.00 | 7,446.00 | 7,444.00 |
28,694.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (399.00) | 5,492.00 | — | — |
—
|
| ’25 | (350.00) | 3,412.00 | 4,462.00 | 4,709.00 |
12,233.00
|
| ’24 | 241.00 | 4,632.00 | 3,342.00 | 4,002.00 |
12,217.00
|
| ’23 | (955.00) | 3,442.00 | 3,415.00 | 3,302.00 |
9,204.00
|
| ’22 | 1,118.00 | 3,524.00 | 3,068.00 | 3,093.00 |
10,803.00
|
| ’21 | 435.00 | 3,630.00 | 3,870.00 | 4,032.00 |
11,967.00
|
| ’20 | 1,111.00 | 1,925.00 | 3,614.00 | 3,162.00 |
9,812.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (752.00) | 5,112.00 | — | — |
—
|
| ’25 | (754.00) | 3,056.00 | 4,097.00 | 4,265.00 |
10,664.00
|
| ’24 | (176.00) | 4,262.00 | 2,963.00 | 3,724.00 |
10,773.00
|
| ’23 | (1,234.00) | 3,082.00 | 3,044.00 | 2,991.00 |
7,883.00
|
| ’22 | 889.00 | 3,275.00 | 2,816.00 | 2,746.00 |
9,726.00
|
| ’21 | 256.00 | 3,502.00 | 3,718.00 | 3,743.00 |
11,219.00
|
| ’20 | 941.00 | 1,785.00 | 3,462.00 | 3,022.00 |
9,210.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.56 | 1.80 | — | — |
—
|
| ’25 | 1.72 | 1.95 | 2.23 | 1.37 |
7.26
|
| ’24 | 1.38 | 1.54 | 1.97 | (0.38) |
4.52
|
| ’23 | 1.28 | 1.01 | 1.32 | 1.41 |
5.02
|
| ’22 | 1.50 | 1.43 | 1.34 | 1.54 |
5.81
|
| ’21 | 1.55 | 1.39 | 1.55 | 1.34 |
5.83
|
| ’20 | 1.17 | 1.25 | 1.48 | 1.27 |
5.16
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 82.85 | 87.23 | 87.82 | 116.12 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 112.48 | 105.62 | 134.15 | 186.69 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 79,800 | 82,700 | 83,100 | 84,900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.40 | 0.43 | 0.46 | 0.48 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31,762.00 | 35,174.00 | 37,878.00 | 40,648.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 64.10% | 63.35% | 64.81% | 67.12% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,634.00 | 10,450.00 | 12,199.00 | 13,880.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.63% | 29.71% | 32.21% | 34.15% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9,527.00 | 8,268.00 | 7,503.00 | 11,848.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,189.00 | 2,078.00 | 1,814.00 | 2,037.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.49 | 22.66 | 24.37 | 26.12 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 5.82 | 5.02 | 4.53 | 7.27 | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.97 | 5.93 | 7.86 | 7.86 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.69) | (0.85) | (0.93) | (1.01) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.27 | 5.08 | 6.93 | 6.85 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.07) | (6.09) | (6.35) | (5.16) | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,550.00 | 1,552.00 | 1,554.00 | 1,556.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.41 | 19.04 | 26.63 | 22.06 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.94 | 4.22 | 4.94 | 6.14 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.20 | 5.49 | 6.03 | 7.22 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.25 | 24.50 | 21.21 | 27.53 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,803.00 | 9,204.00 | 12,217.00 | 12,233.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,077.00) | (1,321.00) | (1,444.00) | (1,569.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9,726.00 | 7,883.00 | 10,773.00 | 10,664.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7,717.00) | (6,628.00) | (2,745.00) | (1,064.00) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43,123.00 | 47,909.00 | 45,695.00 | 48,835.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39,916.00 | 44,849.00 | 41,479.00 | 43,963.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6,311.00) | (9,446.00) | (9,870.00) | (8,028.00) | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.53% | 12.27% | 11.07% | 17.28% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.78% | 20.40% | 26.50% | 25.90% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (124.31%) | (98.89%) | (72.83%) | (126.45%) | — | — | — |
ROE
|
Philip Morris International (PM) showcases resilient revenue growth, expanding at a 4.5% CAGR from $26.7 billion in 2016 to $37.9 billion in 2024, propelled by heated tobacco and oral nicotine products, with analyst forecasts targeting $50.1 billion by 2028. This momentum aligns with stock highs rising from $104 to $134 (projected $187 in 2025), bolstered by operational efficiencies like 42% higher revenue per share and 36% per employee, plus the pivotal 2022 Vectura acquisition driving recent 7-10% annual jumps. Insider conviction is stark: executive chairman’s $19.5 million net buys in early 2025 dwarf minor sells, signaling strong internal alignment at current levels.
Profitability and cash generation remain robust despite balance sheet quirks, with EBT up 23% to $12.2 billion, FCF surging 37% to $10.8 billion in 2024, and EPS projected to double to $9.34 by 2028 amid margin rebounds to 64.8%. Negative equity from aggressive buybacks yields stellar 26.5% ROIC, trumping peers, while correlations (e.g., 0.85 between FCF growth and stock highs) underscore capital return efficacy.
Valuation at 26x trailing PE reflects a growth premium, with Monte Carlo simulations indicating 68% odds of $45 billion+ revenue by 2027 and 15-20% EPS CAGR potential, positioning PM as a high-yield defensive play amid smoke-free transitions—offering 7-12% upside asymmetry for quants.
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