Saturday 17 October 2026 Export PM’s income statement to Excel — free account

Philip Morris International Inc.

Philip Morris International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 7.31% from fiscal 2024. In the quarter to June 2026, revenue grew 10.4%, EPS fell 7.69%, free cash flow grew 67.3% and total debt fell 4.56%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five.

205.20 5.30 +2.65%

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Market cap: $311.6B
P/E: 29.5×
Fwd P/E: 22.6×
Dividend yield: 2.93%
F-score: 7/9
Altman Z: 3.94
Beneish M: −2.33
Dividend safety: 47/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	20.36	26.97	13.14	18.42	16.01	16.30	17.41	19.04	26.63	22.06
Piotroski F-Score Full definition →	6	4	5	7	7	7	4	5	6	7
P/S ratio Full definition →	5.30	5.64	3.50	4.44	4.49	4.71	4.94	4.22	4.94	6.14
Altman Z-Score Full definition →	4.68	4.54	4.08	4.08	3.93	4.67	3.18	2.90	3.59	3.94
Altman Z″-Score (non-manufacturers) Full definition →	4.64	4.73	4.61	4.07	4.12	4.31	2.23	2.09	2.76	2.90
P/FCF ratio Full definition →	20.49	22.00	12.91	14.32	14.00	13.19	16.14	18.81	17.36	23.40
Beneish M-Score Full definition →	(1.47)	(2.70)	(2.69)	(2.68)	(2.58)	(2.67)	(2.19)	(2.66)	(2.81)	(2.33)
P/Operating CF Full definition →	65.84	55.47	42.86	39.81	40.77	36.71	50.76	44.91	46.73	53.00
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	47
P/B ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	6.23	6.54	4.35	5.25	5.34	5.46	6.20	5.49	6.03	7.22
EV/EBITDA Full definition →	14.28	15.09	10.43	13.61	12.11	12.26	14.66	14.17	15.02	17.34
EV/Operating CF Full definition →	20.59	21.08	13.61	15.51	15.61	14.32	18.23	20.99	18.70	24.00
EV/FCF Full definition →	24.09	25.52	16.04	16.94	16.63	15.27	20.25	24.50	21.21	27.53
Quick Ratio Full definition →	0.47	0.76	0.59	0.56	0.56	0.44	0.29	0.28	0.39	0.42
Current Ratio Full definition →	1.07	1.35	1.13	1.09	1.10	0.92	0.72	0.75	0.88	0.96
Net Debt/EBITDA Full definition →	2.13	2.08	2.04	2.10	1.92	1.67	2.97	3.29	2.73	2.60
Debt/Assets Full definition →	78.88%	79.92%	79.79%	72.41%	70.37%	67.34%	69.91%	73.36%	73.96%	70.59%
Debt/Equity Full definition →	(2.67)	(3.36)	(2.96)	(3.23)	(2.97)	(3.39)	(6.83)	(5.07)	(4.63)	(6.08)
Asset Turnover Full definition →	0.75	0.72	0.72	0.72	0.65	0.73	0.62	0.55	0.60	0.62
Operating CF/Net income Full definition →	1.16	1.48	1.20	1.41	1.22	1.32	1.20	1.18	1.74	1.08
Capex/Depreciation Full definition →	(1.58)	(1.77)	(1.45)	(0.88)	(0.61)	(0.75)	(0.91)	(0.64)	(0.80)	(0.77)
Interest Coverage Full definition →	12.24	12.67	17.11	18.48	18.88	20.66	20.83	10.89	11.73	15.42
ROE Full definition →	(62.10%)	(56.99%)	(75.30%)	(70.49%)	(79.45%)	(96.43%)	(124.31%)	(98.89%)	(72.83%)	(126.45%)
ROA Full definition →	19.63%	15.09%	19.08%	17.34%	18.33%	21.10%	17.53%	12.27%	11.07%	17.28%
ROIC Full definition →	48.93%	46.21%	49.29%	45.13%	53.52%	53.70%	22.78%	20.40%	26.50%	25.90%
Return on Tangible Assets Full definition →	96.43%	46.66%	83.53%	86.24%	97.50%	196.18%	(896.13%)	877.36%	154.09%	154.32%
Average Days of Receivables Full definition →	47.86	47.46	43.91	45.52	47.84	45.79	54.65	45.57	45.05	52.17
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	23.67%	23.12%	25.01%	29.17%	25.99%	26.75%	25.55%	28.60%	29.43%	30.38%
Intangible Assets out of Total Assets Full definition →	0.27	0.24	0.24	0.19	0.18	0.23	0.43	0.41	0.45	0.41
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(0.21)	(0.20)	(0.30)	(0.24)	(0.26)	(0.21)	(0.31)	(0.37)	(0.28)	(0.21)
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	4.91%	3.71%	7.61%	5.43%	6.24%	6.14%	5.75%	5.25%	3.76%	4.53%
Free Cash Flow Yield Full definition →	4.88%	4.55%	7.75%	6.98%	7.14%	7.58%	6.19%	5.32%	5.76%	4.27%
Revenue per Share Full definition →	17.21	18.52	19.05	19.17	18.43	20.16	20.49	22.66	24.37	26.12
Operating CF per Share Full definition →	5.21	5.74	6.10	6.49	6.30	7.68	6.97	5.93	7.86	7.86
Capex per Share Full definition →	(0.76)	(1.00)	(0.92)	(0.55)	(0.39)	(0.48)	(0.69)	(0.85)	(0.93)	(1.01)
Free Cash Flow per Share Full definition →	4.45	4.74	5.17	5.94	5.92	7.20	6.27	5.08	6.93	6.85
Cash per Share Full definition →	2.73	5.44	4.24	4.41	4.68	2.89	2.07	1.97	2.71	3.13
Shareholders Equity per Share Full definition →	(7.03)	(6.59)	(6.91)	(6.17)	(6.83)	(5.27)	(4.07)	(6.09)	(6.35)	(5.16)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(7.03)	(6.59)	(6.91)	(6.17)	(6.83)	(5.27)	(4.07)	(6.09)	(6.35)	(5.16)
Free Cash Flow Full definition →	6,905.00	7,364.00	8,042.00	9,238.00	9,210.00	11,219.00	9,726.00	7,883.00	10,773.00	10,664.00
Working Capital Full definition →	1,141.00	5,632.00	2,251.00	1,681.00	1,877.00	(1,538.00)	(7,717.00)	(6,628.00)	(2,745.00)	(1,064.00)
Capital Expenditures Full definition →	(1,172.00)	(1,548.00)	(1,436.00)	(852.00)	(602.00)	(748.00)	(1,077.00)	(1,321.00)	(1,444.00)	(1,569.00)
Net Current Asset Value Full definition →	(30,143.00)	(31,604.00)	(31,098.00)	(31,960.00)	(33,954.00)	(31,781.00)	(48,373.00)	(54,995.00)	(51,484.00)	(52,850.00)
EV/EBIT Full definition →	15.26	16.23	11.34	14.86	13.13	13.20	16.08	16.72	17.05	19.71
Capex to Sales Full definition →	0.04	0.05	0.05	0.03	0.02	0.02	0.03	0.04	0.04	0.04
Price to Operating Income Full definition →	12.98	13.99	9.12	12.56	11.05	11.41	12.82	12.83	13.95	16.76
Other line items
Depreciation/Fixed assets Full definition →	0.12	0.12	0.14	0.15	0.15	0.16	0.18	0.28	0.25	0.24
Cash ROIC Full definition →	30.82%	22.62%	29.12%	32.64%	32.68%	46.56%	24.30%	18.98%	26.90%	23.35%
Accounts Receivable Turnover Full definition →	8.50	7.94	8.11	8.19	7.67	8.16	7.31	7.69	8.36	7.75
Accounts Payable Turnover Full definition →	6.36	5.34	4.99	4.81	3.77	3.28	3.08	3.14	3.29	3.20
Inventory Turnover Full definition →	1.07	1.17	1.22	1.17	1.02	1.10	1.23	1.25	1.32	1.28
Average Days of Payables Full definition →	64.75	78.44	70.16	79.82	106.04	121.22	130.48	117.29	108.22	120.35
Days of Inventory on Hand Full definition →	350.46	308.11	298.70	320.63	365.84	317.33	316.47	305.01	258.86	313.44
Average Receivables Full definition →	3,138.50	3,618.50	3,651.00	3,640.50	3,739.00	3,850.50	4,348.00	4,573.50	4,533.00	5,242.50
Average Payables Full definition →	1,477.50	1,954.00	2,155.00	2,183.50	2,539.50	3,055.50	3,703.50	4,109.50	4,047.50	4,179.50
Average Inventory Full definition →	8,745.00	8,911.50	8,805.00	9,019.50	9,413.00	9,155.50	9,303.00	10,330.00	10,113.50	10,465.50
Average Assets Full definition →	35,403.50	39,909.50	41,384.50	41,338.00	43,845.00	43,052.50	51,485.50	63,492.50	63,544.00	65,484.50
Average Common Equity Full definition →	(11,188.00)	(10,565.00)	(10,484.50)	(10,169.00)	(10,115.00)	(9,419.50)	(7,259.50)	(7,878.50)	(9,658.00)	(8,949.00)

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