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Friday 6 November 2026 Export PM’s income statement to Excel — free account

Philip Morris International Inc.

PM Consumer Defensive Tobacco

Philip Morris International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 7.31% from fiscal 2024.

Revenue
+5.47%
EPS
−4.93%
Free cash flow
+21.3%
Total debt
−5.03%

Quarter to September 2026, against a year earlier

201.98 9.30 −4.40%
Market cap
$314.1B
P/E
29.5×
Fwd P/E
28.3×
Dividend yield
2.98%
F-score
7/9
Altman Z
3.94
Beneish M
−2.33
Dividend safety
47/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Philip Morris International Inc. (PM) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Philip Morris International Inc. (PM) trades at a EV/EBITDA of 19.0×. Over the past ten years it has ranged from 9.9× (December 2018) to 21.1× (June 2025); the current reading is higher than 96% of that period. That is above the Tobacco industry median of 10.6× and above the Consumer Defensive sector median of 9.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.3× 15.47%
FY2024 15.0× 6.00%
FY2023 14.2× (3.35%)
FY2022 14.7× 19.55%
FY2021 12.3× 1.26%
FY2020 12.1× (11.06%)
FY2019 13.6× 30.53%
FY2018 10.4× (30.86%)
FY2017 15.1× 5.63%
FY2016 14.3× 0.77%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.1× 0.68%
Jun 2026 18.0× 2.20%
Mar 2026 17.6× 1.33%
Dec 2025 17.3× (2.61%)
43 more quarters

Against its own ten years

Low 9.9× High 21.1×
Ten-year median 13.8×
Current reading's percentile 96

EV/EBITDA against peers

Company EV/EBITDA
ISPR Ispire Technology Inc. compare n/m
RYM RYTHM, Inc. compare n/m
BTI British American Tobacco p.l.c. compare 1.3×
UVV Universal Corporation compare 7.5×
RLX RLX Technology Inc. Sponsored ADR compare 8.1×
MO Altria Group, Inc. compare 13.0×
TPB Turning Point Brands, Inc. compare 17.5×
PM Philip Morris International Inc. 19.0×
AIIR Air Global PLC compare 90.7×
Tobacco industry median 10.6×
Consumer Defensive sector median 9.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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