Tearsheet

Philip Morris International (PM)

Market Price (9/15/2025): $166.08 | Market Cap: $258.6 Bil
Sector: Consumer Staples | Industry: Tobacco

Philip Morris International (PM)

Market Price (9/15/2025): $166.08
Market Cap: $258.6 Bil
Sector: Consumer Staples
Industry: Tobacco

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, Dividend Yield is 3.2%	Expensive valuation multiples P/SPrice/Sales ratio is 6.6x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 25x
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 10 Bil, FCF LTM is 9.0 Bil
3	Low stock price volatility Vol 12M is 27%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, Dividend Yield is 3.2%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 36%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 10 Bil, FCF LTM is 9.0 Bil
3	Low stock price volatility Vol 12M is 27%
4	Expensive valuation multiples P/SPrice/Sales ratio is 6.6x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 25x

Market Valuation

	9/15/25	2024	2023	2022	2021
Share Price CYE	$166.08	$118.41	$88.14	$89.81	$79.96
Market Cap CYE ($ Bil)	258.6	184.0	136.8	139.2	124.6
Total Debt ($ Bil)	51.5	45.7	47.9	43.1	27.8
Total Cash ($ Bil)	4.1	4.2	3.1	3.2	4.5
Enterprise Value ($ Bil)	305.9	229.7	184.7	182.3	152.4
Valuation Ratios
P/S TTM	6.6	4.9	4.2	4.9	4.7
P/EBIT TTM	17.6	13.4	12.2	12.7	11.4
P/E TTM	31.4	26.5	18.7	17.3	16.2
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9	0.9	1.6
P/EBIT TTM (Sector)	8.5	8.9	10.0	9.4	11.6
P/E TTM (Sector)	12.7	12.1	14.0	12.0	16.2

	9/15/25	2024	2023
Share Price CYE	$166.08	$118.41	$88.14
Market Cap CYE ($ Bil)	258.6	184.0	136.8
Total Debt ($ Bil)	51.5	45.7	47.9
Total Cash ($ Bil)	4.1	4.2	3.1
Enterprise Value ($ Bil)	305.9	229.7	184.7
Valuation Ratios
P/S TTM	6.6	4.9	4.2
P/EBIT TTM	17.6	13.4	12.2
P/E TTM	31.4	26.5	18.7
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9
P/EBIT TTM (Sector)	8.5	8.9	10.0
P/E TTM (Sector)	12.7	12.1	14.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PM Return	4%	21%	12%	-2%	34%	40%	160%
Peers Return	10%	12%	-6%	13%	48%	37%	169%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PM, MO, TPB, UVV. See PM Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

Philip Morris International Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Philip Morris International Earnings Notes
2	PM Capital Return Hits $74 Bil in 10 Years
3	Day 5 of Gains Streak for Philip Morris International Stock with 5.6% Return (vs. 47% YTD) [8/21/2025]	Notification
4	Philip Morris International vs Southern Copper: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does PM Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than PM Stock: Pay Less Than Philip Morris International To Get More From ADBE, MU
7	Better Bet Than PM Stock: Pay Less Than Philip Morris International To Get More From CALM, BRBR
8	Day 5 of Loss Streak for Philip Morris International Stock with -13% Return (vs. 33% YTD) [7/28/2025]	Notification
9	Will You Be Comfortable Buying Philip Morris International Stock?	Return
10	PM Dip Buy Analysis
11	ARTICLES
12	PM Has Paid Out $74 Bil to Investors in the Past Decade		August 27th, 2025
13	PM Stock Up 5.6% after 5-Day Win Streak		August 21st, 2025
14	PM Stock Down -13% after 5-Day Loss Streak		July 29th, 2025
15	PM Dropped 8.4% In A Day. Just a Blip, or the Start?		July 23rd, 2025
16	S&P 500 Movers \| Winners: IQV, DHI, PHM \| Losers: LMT, MSCI, PM		July 23rd, 2025

	Title
0	DASHBOARDS
1	PM Has Paid Out $74 Bil to Investors in the Past Decade
2	PM Stock Up 5.6% after 5-Day Win Streak
3	PM Stock Down -13% after 5-Day Loss Streak
4	PM Dropped 8.4% In A Day. Just a Blip, or the Start?
5	S&P 500 Movers \| Winners: IQV, DHI, PHM \| Losers: LMT, MSCI, PM
6	ARTICLES
7	Philip Morris International Earnings Notes
8	PM Capital Return Hits $74 Bil in 10 Years
9	Day 5 of Gains Streak for Philip Morris International Stock with 5.6% Return (vs. 47% YTD) [8/21/2025]
10	Philip Morris International vs Southern Copper: Which Is A Better Investment?
11	How Does PM Stack Up Against Its Peers?
12	Better Bet Than PM Stock: Pay Less Than Philip Morris International To Get More From ADBE, MU
13	Better Bet Than PM Stock: Pay Less Than Philip Morris International To Get More From CALM, BRBR
14	Day 5 of Loss Streak for Philip Morris International Stock with -13% Return (vs. 33% YTD) [7/28/2025]
15	Will You Be Comfortable Buying Philip Morris International Stock?
16	PM Dip Buy Analysis

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Philip Morris International

Financials

	PM	MO	TPB	UVV	Median
Name	Philip M.	Altria	Turning .	Universal
Mkt Price	166.11	66.65	102.34	55.45	84.50
Mkt Cap	258.6	112.2	1.8	1.4	57.0
Rev LTM	39,058	20,259	378	2,944	11,601
Op Inc LTM	14,210	11,961	88	261	6,111
FCF LTM	8,989	8,728	52	132	4,430
FCF 3Y Avg	8,840	8,710	56	27	4,383
CFO LTM	10,406	8,876	60	184	4,530
CFO 3Y Avg	10,215	8,887	62	87	4,487

Growth & Margins

	PM	MO	TPB	UVV	Median
Name	Philip M.	Altria	Turning .	Universal
Rev Chg LTM	7.2%	-0.2%	28.3%	4.1%	5.6%
Rev Chg 3Y Avg	7.1%	-0.9%	-1.1%	10.7%	3.1%
Rev Chg Q	7.1%	0.2%	25.1%	-0.6%	3.7%
QoQ Delta Rev Chg LTM	1.8%	0.1%	6.6%	-0.1%	0.9%
Op Mgn LTM	36.4%	59.0%	23.4%	8.9%	29.9%
Op Mgn 3Y Avg	35.7%	57.1%	25.3%	7.9%	30.5%
QoQ Delta Op Mgn LTM	0.2%	1.7%	-0.6%	0.6%	0.4%
CFO/Rev LTM	26.6%	43.8%	15.9%	6.3%	21.3%
CFO/Rev 3Y Avg	28.2%	43.5%	19.0%	3.1%	23.6%
FCF/Rev LTM	23.0%	43.1%	13.8%	4.5%	18.4%
FCF/Rev 3Y Avg	24.4%	42.7%	17.2%	0.9%	20.8%

Valuation

	PM	MO	TPB	UVV	Median
Name	Philip M.	Altria	Turning .	Universal
Mkt Cap	258.6	112.2	1.8	1.4	57.0
P/S	6.6	5.5	4.8	0.5	5.2
P/EBIT	17.6	9.6	20.6	5.5	13.6
P/E	31.4	12.8	42.0	13.4	22.4
P/CFO	24.9	12.6	30.5	7.5	18.7
Total Yield	6.4%	14.0%	2.7%	13.2%	9.8%
Dividend Yield	3.2%	6.1%	0.3%	5.8%	4.5%
FCF Yield 3Y Avg	4.8%	10.2%	9.0%	1.6%	6.9%
D/E	0.2	0.2	0.2	0.9	0.2
Net D/E	0.2	0.2	0.1	0.8	0.2

Returns

	PM	MO	TPB	UVV	Median
Name	Philip M.	Altria	Turning .	Universal
1M Rtn	-0.0%	1.3%	3.8%	3.7%	2.5%
3M Rtn	-9.2%	13.4%	35.7%	-6.8%	3.3%
6M Rtn	11.2%	17.2%	76.3%	3.2%	14.2%
12M Rtn	37.4%	35.5%	162.7%	12.5%	36.5%
3Y Rtn	104.5%	98.7%	356.4%	35.8%	101.6%
1M Excs Rtn	-1.7%	-0.1%	0.7%	1.6%	0.3%
3M Excs Rtn	-18.0%	4.2%	26.6%	-16.8%	-6.3%
6M Excs Rtn	-7.1%	-1.4%	60.9%	-14.8%	-4.2%
12M Excs Rtn	16.4%	12.9%	142.4%	-4.8%	14.6%
3Y Excs Rtn	37.8%	24.4%	281.6%	-30.0%	31.1%

Comparison Analyses

	Title
0	How Does PM Stack Up Against Its Peers?
1	Philip Morris vs. McDonald's: With Return Forecast Of 5%, Philip Morris Is A Better Bet
2	Philip Morris vs. Colgate Palmolive: Neither Seems Like A Good Bet
3	Why PM With 12% Upside May Beat PG?
4	PM Could Deliver 12% Returns And Outperform MO
5	Philip Morris vs. Turning Point Brands: With Return Forecast Of 70%, Turning Point Brands Is A Better Bet
6	Philip Morris vs. Vector Group: With Return Forecast Of 14%, Vector Group Is A Better Bet
7	Philip Morris vs. Linde: With Return Forecast Of 36%, Linde Is A Better Bet
8	Philip Morris vs. Eli Lilly and Company: With Return Forecast Of 5.9%, Philip Morris Is A Better Bet
9	Philip Morris vs. LIN Media: With Return Forecast Of 39%, LIN Media Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/6/2025	2/8/2024	2/10/2023	2/11/2022	2/9/2021	2/7/2020
Key Financials
Total Revenue	39,058	37,878	35,174	31,762	31,405	28,694	29,805
Ebitda	16,680	15,749	13,374	13,479	13,967	12,662	11,632
Operating Income	14,210	13,402	12,221	12,246	12,975	11,668	10,531
Net Income	8,232	7,057	7,813	9,048	9,109	8,056	7,185
EPS	5.27	4.53	5.02	5.82	5.83	5.16	4.61
Growth Rates
Total Revenue Growth	7.2%	7.7%	10.7%	1.1%	9.4%	-3.7%	0.6%
EBITDA Growth	12.9%	17.8%	-0.8%	-3.5%	10.3%	8.9%	-7.1%
Operating Income Growth	11.5%	9.7%	-0.2%	-5.6%	11.2%	10.8%	-7.4%
Net Income Growth	-6.5%	-9.7%	-13.6%	-0.7%	13.1%	12.1%	-9.2%
Margins
EBITDA Margin	42.7%	41.6%	38.0%	42.4%	44.5%	44.1%	39.0%
Operating Income Margin	36.4%	35.4%	34.7%	38.6%	41.3%	40.7%	35.3%
Net Income Margin	21.1%	18.6%	22.2%	28.5%	29.0%	28.1%	24.1%
Cash & Debt
Total Cash	4,138	4,216	3,060	3,207	4,496	7,280	6,861
Total Debt	51,462	45,695	47,909	43,123	27,806	31,536	31,045
Net Debt / (Cash)	47,324	41,479	44,849	39,916	23,310	24,256	24,184
Cash Flows
Net Cash from Operations	10,406	12,217	9,204	10,803	11,967	9,812	10,090
Free Cash from Operations	8,989	10,773	7,883	9,726	11,219	9,210	9,238
Returns to Shareholders
Dividends	8,355	8,197	7,964	7,812	7,580	7,364	7,161
Share Repurchases	-0	-0	-0	209	775	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/25/2025	4/24/2025	2/6/2025	10/24/2024	7/25/2024	4/26/2024	2/8/2024	10/26/2023	7/27/2023	4/26/2023	2/10/2023	10/27/2022
Key Financials Quarterly
Total Revenue	10,140	9,301	9,706	9,911	9,468	8,793	9,047	9,141	8,967	8,019	8,152	8,032
Ebitda	4,191	4,012	4,340	4,137	3,875	3,397	3,714	3,791	2,861	3,008	3,275	3,319
Operating Income	3,753	3,544	3,259	3,654	3,444	3,045	2,889	3,370	3,231	2,731	2,924	2,968
Net Income	3,039	2,690	-579	3,082	2,406	2,148	2,196	2,054	1,568	1,995	2,397	2,087
EPS	1.95	1.72	-0.38	1.98	1.54	1.38	1.41	1.32	1.01	1.28	1.54	1.34
Key Financials TTM
Total Revenue TTM	39,058	38,386	37,878	37,219	36,449	35,948	35,174	34,279	33,170	32,035	31,762	31,714
Ebitda TTM	16,680	16,364	15,749	15,123	14,777	13,763	13,374	12,935	12,463	12,940	13,479	13,506
Operating Income TTM	14,210	13,901	13,402	13,032	12,748	12,535	12,221	12,256	11,854	11,679	12,246	12,269
Net Income TTM	8,232	7,599	7,057	9,832	8,804	7,966	7,813	8,014	8,047	8,712	9,048	8,744
Growth Rates Quarterly
Total Revenue Growth	7.1%	5.8%	7.3%	8.4%	5.6%	9.7%	11.0%	13.8%	14.5%	3.5%	0.6%	-1.1%
EBITDA Growth	8.2%	18.1%	16.9%	9.1%	35.4%	12.9%	13.4%	14.2%	-14.3%	-15.2%	-0.8%	-9.4%
Operating Income Growth	9.0%	16.4%	12.8%	8.4%	6.6%	11.5%	-1.2%	13.5%	5.7%	-17.2%	-0.8%	-14.1%
Net Income Growth	26.3%	25.2%	-126.4%	50.0%	53.4%	7.7%	-8.4%	-1.6%	-29.8%	-14.4%	14.5%	-14.0%
Margins Quarterly
EBITDA Margin	41.3%	43.1%	44.7%	41.7%	40.9%	38.6%	41.1%	41.5%	31.9%	37.5%	40.2%	41.3%
Operating Income Margin	37.0%	38.1%	33.6%	36.9%	36.4%	34.6%	31.9%	36.9%	36.0%	34.1%	35.9%	37.0%
Net Income Margin	30.0%	28.9%	-6.0%	31.1%	25.4%	24.4%	24.3%	22.5%	17.5%	24.9%	29.4%	26.0%
Cash & Debt
Total Cash	4,138	4,443	4,216	4,258	4,807	3,968	3,060	3,017	3,492	2,428	3,207	5,368
Total Debt	51,462	49,579	45,695	49,222	49,139	50,387	47,909	47,715	47,893	47,121	43,123	27,221
Net Debt / (Cash)	47,324	45,136	41,479	44,964	44,332	46,419	44,849	44,698	44,401	44,693	39,916	21,853
Cash Flows Quarterly
FCF from Operations	3,412	-350	4,002	3,342	4,632	241	3,302	3,415	3,442	-955	3,093	3,068
Cash Flows TTM
FCF from Operations TTM	10,406	11,626	12,217	11,517	11,590	10,400	9,204	8,995	8,648	8,730	10,803	11,742
Returns to Shareholders Quarterly
Dividends	2,106	2,116	2,106	2,027	2,027	2,037	2,023	1,977	1,977	1,987	1,973	1,942
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	25.7%	25.1%	22.0%	25.6%	23.7%	19.7%	22.6%	20.1%	21.9%	20.2%	24.9%	42.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	23.3%	23.6%	24.3%	23.0%	21.9%	20.5%	21.2%	21.1%	21.5%	21.2%	24.8%	44.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Combustible tobacco	22,334	21,572	22,067	21,867	24,218
Smoke-free	12,840	10,190	9,338
Reduced-risk products				6,827	5,587
Total	35,174	31,762	31,405	28,694	29,805

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$166.11
Market Cap ($ Bil)	258.6
First Trading Date	03/17/2008
Distance from 52W High	-10.2%
	50 Days	200 Days
DMA Price	$169.06	$154.63
DMA Trend	up	down
Distance from DMA	-1.7%	7.4%
	3M	1YR
Volatility	27.5%	27.6%
Downside Capture	-13.70	-17.73
Upside Capture	-57.81	17.23
Correlation (SPY)	-6.8%	8.6%

PM Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.24	-0.27	-0.20	0.15	0.11	0.34
Up Beta	-0.05	0.43	0.67	0.18	0.09	0.28
Down Beta	0.77	-0.04	-0.44	0.32	0.31	0.47
Up Capture	-36%	-80%	-51%	5%	11%	13%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	22	33	73	144	424
Down Capture	-95%	-59%	-45%	-12%	-33%	48%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	19	29	52	102	322

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	11,127,757
Short Interest: % Change Since 8152025	1.6%
Average Daily Volume	5,068,047
Days-to-Cover Short Interest	2.20
Basic Shares Quantity	1,557,000,000
Short % of Basic Shares	0.7%

Returns Analyses

	Title
0	Will You Be Comfortable Buying Philip Morris International Stock?
1	Philip Morris International During 2008 Recession vs. 2022 Inflation Shock: PM Stock Is Now 76% Higher Than Its Pre-Shock High
2	Philip Morris International Stock Return Comparison
3	[10/16/2021] Philip Morris International Inc (PM) Stock Price Forecast: AI Forecasts PM Stock Price To Be Around $99.10 In A Month (Up 0.7%)
4	Tobacco Industry Return: -8.8% YTD Return vs 21% For S&P 500

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/22/2025	-8.4%	-12.6%	-6.5%
4/23/2025	2.4%	3.7%	6.4%
2/6/2025	10.9%	14.4%	15.2%
10/22/2024	10.5%	9.7%	8.9%
7/23/2024	2.2%	6.7%	11.0%
4/23/2024	3.8%	1.6%	6.6%
2/8/2024	-2.7%	-2.4%	1.4%
10/19/2023	-2.7%	-3.4%	-2.1%
...
SUMMARY STATS
# Positive	14	14	15
# Negative	10	10	9
Median Positive	2.6%	5.7%	6.6%
Median Negative	-2.9%	-2.5%	-5.4%
Max Positive	10.9%	14.4%	15.2%
Max Negative	-8.4%	-12.6%	-14.6%

	Forward Returns
7/22/2025	-8.4%	-12.6%	-6.5%
4/23/2025	2.4%	3.7%	6.4%
2/6/2025	10.9%	14.4%	15.2%
10/22/2024	10.5%	9.7%	8.9%
7/23/2024	2.2%	6.7%	11.0%
4/23/2024	3.8%	1.6%	6.6%
2/8/2024	-2.7%	-2.4%	1.4%
10/19/2023	-2.7%	-3.4%	-2.1%
7/20/2023	-0.6%	-0.5%	-5.4%
4/20/2023	-4.7%	-3.3%	-8.8%
2/9/2023	0.7%	-0.2%	-2.9%
10/20/2022	-1.7%	3.6%	10.0%
7/21/2022	4.2%	7.9%	11.9%
4/21/2022	2.0%	-1.3%	-2.5%
2/10/2022	0.9%	7.2%	-14.6%
10/19/2021	-1.7%	-0.9%	-4.5%
7/20/2021	-3.1%	1.1%	4.7%
4/20/2021	2.5%	3.0%	6.6%
2/4/2021	4.2%	7.1%	7.4%
10/20/2020	-5.8%	-5.4%	0.7%
7/21/2020	4.2%	7.8%	8.6%
4/21/2020	-6.0%	-2.5%	-10.9%
2/6/2020	2.7%	4.7%	4.0%
10/17/2019	0.9%	3.4%	5.7%
SUMMARY STATS
# Positive	14	14	15
# Negative	10	10	9
Median Positive	2.6%	5.7%	6.6%
Median Negative	-2.9%	-2.5%	-5.4%
Max Positive	10.9%	14.4%	15.2%
Max Negative	-8.4%	-12.6%	-14.6%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Dahlgren Lars	Pres. Smoke-Free Oral Products	3072025	Sell	152.96	3,679	562,740	4,103,611	Form
1	Andolina Massimo	President, Europe Region	2252025	Sell	156.05	17,500	2,730,875	13,535,309	Form
2	Dobrowolski Reginaldo	Vice President and Controller	2132025	Sell	149.88	5,000	749,400	3,117,354	Form
3	Volpetti Stefano	Pr.SmokeFree&ChiefCons.Officer	11012024	Sell	132.48	10,000	1,324,800	12,159,014	Form
4	Calantzopoulos Andre		10252024	Sell	129.85	101,918	13,234,052	124,624,966	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PM Return	4%	21%	12%	-2%	34%	40%	160%
Peers Return	10%	12%	-6%	13%	48%	37%	169%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
PM Win Rate	42%	67%	50%	58%	67%	88%
Peers Win Rate	50%	50%	48%	52%	65%	75%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
PM Max Drawdown	-28%	-5%	-9%	-10%	-5%	-3%
Peers Max Drawdown	-36%	-8%	-20%	-9%	-13%	-6%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Philip Morris International (PM)

Market Price (9/15/2025): $166.08 | Market Cap: $258.6 BilSector: Consumer Staples | Industry: Tobacco

Philip Morris International (PM)

Market Price (9/15/2025): $166.08Market Cap: $258.6 BilSector: Consumer StaplesIndustry: Tobacco

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Market Price (9/15/2025): $166.08 | Market Cap: $258.6 Bil
Sector: Consumer Staples | Industry: Tobacco

Market Price (9/15/2025): $166.08
Market Cap: $258.6 Bil
Sector: Consumer Staples
Industry: Tobacco