Company financials

Philip Morris International

Consumer Staples Tobacco New York City, New York Last filing Feb 6, 2026 · FY2025

                    Revenue
                    FY2025
                
$40.6B
                    3y CAGR +8.6%
                    
                    P94
                    
                    +7.3%
                    
                    Net income
                    FY2025
                
$11.3B
                    Net margin +27.9%
                    
                    P97
                    
                    +60.8%
                    
                    Total assets
                    FY2025
                
$69.2B
                    ROA +16.4%
                    
                    P94
                    
                    +12.0%
                    
                    Operating cash flow
                    FY2025
                
$12.2B
                    FCF margin +26.2%
                    
                    P97
                    
                    +0.1%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $69.2B

Total liabilities $77.2B

Shareholders equity $-10.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	7.0%	6.8%	4.7%	5.2%	10.9%	16.2%	16.0%	16.6%	19.7%	11.5%
Accounts Receivable	6.6%	6.1%	5.3%	6.2%	7.6%	6.5%	7.2%	7.4%	7.4%	9.5%
Inventory	16.6%	15.3%	16.5%	16.0%	21.1%	21.4%	21.5%	22.1%	20.5%	24.5%
Other Current Assets	5.0%	4.4%	3.8%	4.3%	3.3%	3.8%	3.1%	2.8%	2.7%	2.3%
Total Current Assets	35.2%	32.6%	30.3%	31.8%	42.9%	48.0%	47.8%	48.8%	50.3%	47.8%
Property,Plant and Equipment	12.1%	11.8%	11.5%	10.9%	14.9%	14.2%	15.5%	18.1%	16.9%	16.5%
Goodwill	25.0%	26.9%	25.7%	31.9%	16.2%	13.3%	13.7%	18.1%	17.8%	19.9%
Intangible Assets	15.7%	18.3%	15.1%	10.9%	6.8%	4.5%	4.9%	5.7%	5.7%	6.7%
Long Term Investments	4.2%	4.3%	7.5%	7.2%	10.8%	10.7%	10.8%	3.2%	2.5%	2.7%
Deferred Tax Assets	1.8%	1.5%	1.2%	1.0%	2.2%	3.1%	2.7%	2.5%	2.3%	2.3%
Other Noncurrent Assets	6.0%	4.5%	8.6%	6.4%	6.2%	6.2%	4.6%	3.6%	4.5%	4.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.4%	6.4%	6.3%	6.6%	8.1%	6.2%	5.4%	5.2%	5.2%	4.5%
Accrued Liabilities	10.8%	10.4%	9.2%	9.0%	11.2%	11.6%	10.4%	8.7%	8.7%	10.2%
Current Portion of Long Term Debt	5.3%	5.7%	10.2%	13.4%	7.3%	7.5%	10.2%	12.0%	7.0%	8.7%
Other Current Liabilities	14.3%	14.6%	14.6%	15.3%	20.1%	18.5%	17.9%	17.3%	16.3%	21.2%
Total Current Liabilities	36.8%	37.1%	40.4%	44.3%	46.6%	43.8%	43.9%	43.2%	37.1%	44.7%
Long Term Debt	65.2%	68.2%	63.2%	56.5%	60.0%	62.9%	62.2%	67.8%	72.9%	70.2%
Deferred Tax Liabilities	3.0%	4.1%	3.6%	3.2%	1.8%	1.5%	2.1%	2.3%	1.9%	5.1%
Other Noncurrent Liabilities	6.6%	6.6%	7.3%	6.2%	11.5%	15.6%	14.2%	13.8%	11.9%	9.6%
Total Liabilities	111.6%	116.0%	114.5%	110.2%	119.9%	123.7%	122.4%	127.0%	123.8%	129.6%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.8%	3.5%	3.6%	5.4%	4.7%	4.7%	4.9%	4.6%	5.3%
Retained Earnings	51.2%	53.2%	52.2%	55.6%	80.1%	70.6%	72.3%	77.9%	69.5%	82.5%
Treasury Stock	51.4%	57.7%	54.8%	58.2%	86.8%	78.4%	82.1%	88.7%	82.3%	96.3%
Accumulated Other Comprehensive Income	-17.8%	-18.3%	-18.1%	-15.5%	-23.2%	-24.9%	-21.8%	-25.4%	-19.9%	-25.9%
Total Stockholders Equity	-14.4%	-19.0%	-17.2%	-14.5%	-24.5%	-28.0%	-27.0%	-31.3%	-28.1%	-34.4%
Noncontrolling Interest	2.8%	3.0%	2.7%	4.3%	4.6%	4.3%	4.6%	4.3%	4.3%	4.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $40.6B

Operating income $14.9B

Net income $11.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	58.8%	61.3%	53.9%	51.5%	76.1%	64.0%	69.5%	74.4%	248.7%	275.8%
Expenses Cost of Revenue	19.3%	21.6%	19.7%	18.5%	24.3%	21.4%	24.5%	27.0%	24.3%	25.5%
Other Income Expense Gross Profit	39.4%	39.7%	34.1%	33.0%	51.8%	42.7%	45.0%	47.4%	42.6%	46.9%
Expenses Restructuring and Asset Impairment	0.1%	0.0%	1.0%	0.0%	0.0%	—	—	—	—	—
Expenses Other Operating Expenses	17.8%	18.0%	15.4%	13.2%	20.3%	16.6%	20.3%	18.6%	130.3%	148.1%
Other Income Expense Operating Income	21.5%	21.7%	17.7%	19.9%	31.4%	26.0%	24.6%	28.6%	27.0%	29.6%
Other Income Expense Interest Income	-1.4%	-1.8%	-1.6%	-1.0%	-1.5%	-1.4%	-1.3%	-1.7%	-2.1%	-2.4%
Other Income Expense Other Income/expense	-0.1%	-0.1%	-0.1%	-0.0%	-0.3%	-0.2%	-0.2%	-0.1%	-0.2%	-0.2%
Other Income Expense Income Before Tax	20.1%	19.7%	16.0%	18.9%	29.6%	24.4%	23.0%	26.8%	24.6%	26.9%
Income Tax Income Tax Expense	4.0%	4.9%	3.6%	3.6%	6.5%	5.3%	5.3%	6.1%	10.0%	7.5%
net Income Other Items Below Tax	0.3%	-3.4%	-0.5%	-0.6%	-1.1%	-1.2%	-0.9%	-0.8%	-0.6%	-0.5%
net Income net Income	16.4%	11.4%	12.0%	14.7%	22.1%	18.0%	16.8%	19.9%	14.0%	18.9%
net Income Comprehensive Income	15.0%	12.2%	8.5%	14.7%	25.9%	13.9%	18.5%	15.9%	16.4%	18.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $12.2B

Investing cash flow $-4.0B

Financing cash flow $-8.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	17.1%	12.1%	12.7%	15.4%	23.5%	19.2%	18.0%	20.8%	14.8%	19.7%
Operating Activities Depreciation and Amortization	2.9%	2.9%	3.2%	1.9%	2.4%	2.2%	2.2%	2.5%	2.0%	2.0%
Operating Activities Deferred Income Taxes	-1.2%	-0.2%	-0.5%	-0.4%	-0.0%	-0.3%	-0.3%	-0.3%	-1.2%	0.5%
Operating Activities Changes In Operating Assets and Liabilities	-1.4%	0.8%	-1.3%	0.7%	3.8%	1.1%	3.2%	1.0%	5.3%	0.3%
Operating Activities Other Non Cash Items	0.2%	4.1%	0.0%	-0.1%	-0.7%	-0.3%	0.4%	-0.3%	-0.2%	-0.6%
Operating Activities net Cash From Operating Activities	17.7%	19.8%	14.1%	17.5%	29.0%	21.9%	23.5%	23.8%	20.7%	21.9%
Investing Activities Capital Expenditures	-2.3%	-2.3%	-2.0%	-1.7%	-1.8%	-1.3%	-2.0%	-3.6%	-3.6%	-3.2%
Investing Activities Business Acquisitions	0.0%	0.1%	-2.7%	-1.6%	0.0%	0.0%	—	—	—	—
Investing Activities Purchases of Investments	-0.4%	-0.4%	-0.2%	-0.0%	-0.1%	-0.1%	-0.1%	-0.2%	-0.3%	-0.1%
Investing Activities Proceeds From Sale of Investments	0.2%	0.0%	0.0%	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	-3.3%	0.9%	-0.6%	0.6%	1.3%	-1.1%	-2.2%	1.3%	-3.2%	0.7%
Investing Activities net Cash From Investing Activities	-5.7%	-1.8%	-5.5%	-25.4%	-5.7%	-2.6%	-4.2%	-2.5%	-7.0%	-2.6%
Financing Activities Proceeds From Debt	10.4%	13.3%	17.3%	33.8%	0.0%	8.4%	11.2%	0.0%	19.7%	9.6%
Financing Activities Repayment of Debt	-8.0%	-16.0%	-11.7%	-10.8%	-7.4%	-9.2%	-12.5%	-5.6%	-10.0%	-6.5%
Financing Activities Dividends Paid	-12.5%	-13.3%	-12.2%	-12.7%	-18.4%	-16.4%	-16.7%	-17.3%	-15.2%	-17.3%
Financing Activities Other Financing Activities	-1.8%	0.5%	-2.0%	-3.8%	-1.4%	-1.7%	-0.8%	-1.3%	-1.0%	-0.5%
Financing Activities net Cash From Financing Activities	-11.8%	-15.3%	-8.5%	6.2%	-29.0%	-19.0%	-18.8%	-24.2%	-6.4%	-14.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.7%	-0.9%	-0.1%	-0.3%	-1.0%	0.6%	0.1%	-1.7%	2.5%	-2.4%
Cash Reconciliation net Change In Cash	0.9%	1.8%	-0.1%	-2.1%	-6.7%	0.9%	0.6%	-4.7%	9.8%	2.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+67.1%	+64.8%	+63.3%	+64.1%	+68.1%	+66.7%	+64.7%	+63.7%	+90.2%	+90.8%
Operating margin	+36.6%	+35.4%	+32.9%	+38.6%	+41.3%	+40.7%	+35.3%	+38.4%	+10.8%	+10.7%
Net margin	+27.9%	+18.6%	+22.2%	+28.5%	+29.0%	+28.1%	+24.1%	+26.7%	+5.6%	+6.9%
FCF margin	+26.2%	+28.4%	+22.4%	+30.6%	+35.7%	+32.1%	+31.0%	+27.1%	+6.9%	+6.8%
Growth
Revenue CAGR (3y)	+8.6%	+6.4%	+7.0%	+2.1%	+2.0%	-35.5%	-33.6%	-26.3%	+10.1%	+8.3%
Returns
ROE	-113.5%	-60.1%	-69.6%	-101.0%	-90.1%	-64.1%	-62.1%	-63.5%	-49.9%	-54.9%
ROA	+16.4%	+11.4%	+12.0%	+14.7%	+22.1%	+18.0%	+16.8%	+19.9%	+14.0%	+18.9%
ROIC	+35.2%	+33.9%	+26.7%	+31.9%	+76.8%	+78.2%	+64.1%	+69.0%	+49.8%	+64.8%
Liquidity
Current ratio	0.96x	0.88x	0.75x	0.72x	0.92x	1.10x	1.09x	1.13x	1.35x	1.07x
Quick ratio	0.37x	0.35x	0.25x	0.26x	0.40x	0.52x	0.53x	0.56x	0.73x	0.47x
Leverage
D/E	-7.73x	-6.10x	-6.66x	-7.59x	-4.90x	-4.41x	-4.53x	-4.06x	-4.40x	-3.76x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.59x	0.61x	0.54x	0.51x	0.76x	0.64x	0.70x	0.74x	2.49x	2.76x
Cash conversion cycle	+234d	+187d	+224d	+230d	+232d	+297d	+279d	+265d	+241d	+298d

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Philip Morris International

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