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.
Follow PM
Philip Morris International Inc. (PM) Debt to equity
Philip Morris International Inc.'s debt to equity at the end of the quarter to 30 June 2026 was −7.4×, down 1.3× from fiscal 2025 (−6.1×). Over the past ten years it has ranged from −6.8× (fiscal 2022) to −2.5× (fiscal 2015); the current reading is higher than 18% of that period. That is below the Tobacco industry median of 0.0× and below the Consumer Defensive sector median of 0.3×.
Debt to equity, annual
Embed this chart
Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | −6.1× | — |
| FY2024 | −4.6× | — |
| FY2023 | −5.1× | — |
| FY2022 | −6.8× | — |
| FY2021 | −3.4× | — |
| FY2020 | −3.0× | — |
| FY2019 | −3.2× | — |
| FY2018 | −3.0× | — |
| FY2017 | −3.4× | — |
| FY2016 | −2.7× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | −7.4× | — |
| Mar 2026 | −7.1× | — |
| Dec 2025 | −6.1× | — |
| Sep 2025 | −5.6× | — |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| MO Altria Group, Inc. compare | −9.4× |
| PM Philip Morris International Inc. | −7.4× |
| ISPR Ispire Technology Inc. compare | 0.0× |
| RLX RLX Technology Inc. Sponsored ADR compare | 0.0× |
| UVV Universal Corporation compare | 0.4× |
| TPB Turning Point Brands, Inc. compare | 0.6× |
| BTI British American Tobacco p.l.c. compare | 0.7× |
| RYM RYTHM, Inc. compare | 2.1× |
| AIIR Air Global PLC compare | 2.1× |
| Tobacco industry median | 0.0× |
| Consumer Defensive sector median | 0.3× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on PM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement