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. 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%
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

Philip Morris International Inc. (PM) EV/FCF

Alert me on EV/FCF

As of 16 October 2026, Philip Morris International Inc. (PM) trades at a EV/FCF of 28.5×. Over the past ten years it has ranged from 12.7× (March 2020) to 37.0× (July 2025); the current reading is higher than 88% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 27.5× 29.78%
FY2024 21.2× (13.44%)
FY2023 24.5× 21.02%
FY2022 20.2× 32.59%
FY2021 15.3× (8.17%)
FY2020 16.6× (1.84%)
FY2019 16.9× 5.63%
FY2018 16.0× (37.15%)
FY2017 25.5× 5.93%
FY2016 24.1× 3.16%

Quarterly newest first

Period EV/FCF Change
Jun 2026 25.6× (10.36%)
Mar 2026 28.5× 3.58%
Dec 2025 27.5× (6.68%)
Sep 2025 29.5× (19.87%)
42 more quarters

Against its own ten years

Low 12.7× High 37.0×
Ten-year median 23.3×
Current reading's percentile 88

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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