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