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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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Philip Morris International Inc. (PM) trades at a price to free cash flow of 23.2×. Over the past ten years it has ranged from 10.1× (March 2020) to 31.7× (July 2025); the current reading is higher than 81% of that period. That is below the Tobacco industry median of 26.0× and above the Consumer Defensive sector median of 15.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.4× 34.81%
FY2024 17.4× (7.73%)
FY2023 18.8× 16.54%
FY2022 16.1× 22.37%
FY2021 13.2× (5.74%)
FY2020 14.0× (2.28%)
FY2019 14.3× 10.96%
FY2018 12.9× (41.33%)
FY2017 22.0× 7.36%
FY2016 20.5× 3.91%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 21.9× (1.30%)
Jun 2026 22.2× (8.21%)
Mar 2026 24.2× 3.19%
Dec 2025 23.4× (6.19%)
43 more quarters

Against its own ten years

Low 10.1× High 31.7×
Ten-year median 18.7×
Current reading's percentile 81

Price to free cash flow against peers

Company Price to free cash flow
ISPR Ispire Technology Inc. compare n/m
BTI British American Tobacco p.l.c. compare n/m
AIIR Air Global PLC compare n/m
RYM RYTHM, Inc. compare 9.4×
MO Altria Group, Inc. compare 14.3×
PM Philip Morris International Inc. 23.2×
UVV Universal Corporation compare 28.8×
RLX RLX Technology Inc. Sponsored ADR compare 41.4×
TPB Turning Point Brands, Inc. compare 68.5×
Tobacco industry median 26.0×
Consumer Defensive sector median 15.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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