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 · 5 years

Total assets $69.2B

Total liabilities $77.2B

Shareholders equity $-10.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	7.1%	6.9%	4.8%	5.2%	10.9%
Accounts Receivable	6.6%	6.1%	5.3%	6.2%	7.6%
Inventory	16.6%	15.3%	16.5%	16.0%	21.1%
Prepaid Expenses	3.2%	3.0%	2.3%	2.9%	1.4%
Other Current Assets	3.2%	3.0%	2.3%	2.9%	1.4%
Total Current Assets	35.2%	32.6%	30.3%	31.8%	42.9%
Property,Plant and Equipment	12.1%	11.8%	11.5%	10.9%	14.9%
Goodwill	25.0%	26.9%	25.7%	31.9%	16.2%
Intangible Assets	15.7%	18.3%	15.1%	10.9%	6.8%
Long Term Investments	4.2%	4.3%	7.5%	7.2%	10.8%
Deferred Tax Assets	1.8%	1.5%	1.2%	1.0%	2.2%
Other Noncurrent Assets	6.0%	4.5%	8.6%	6.4%	6.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.4%	6.4%	6.3%	6.6%	8.1%
Accrued Liabilities	4.8%	4.6%	4.2%	4.3%	4.0%
Current Portion of Long Term Debt	0.2%	0.2%	3.0%	9.1%	0.5%
Other Current Liabilities	3.2%	—	—	—	—
Total Current Liabilities	36.8%	37.1%	40.4%	44.3%	46.6%
Deferred Tax Liabilities	3.0%	4.1%	3.6%	3.2%	1.8%
Other Noncurrent Liabilities	3.2%	—	—	—	—
Total Liabilities	111.6%	116.0%	114.5%	110.2%	119.9%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.8%	3.5%	3.6%	5.4%
Retained Earnings	51.2%	53.2%	52.2%	55.6%	80.1%
Treasury Stock	51.4%	57.7%	54.8%	58.2%	86.8%
Accumulated Other Comprehensive Income	-17.8%	-18.3%	-18.1%	-15.5%	-23.2%
Noncontrolling Interest	2.8%	3.0%	2.7%	4.3%	4.6%
Total Stockholders Equity	-14.4%	-19.0%	-17.2%	-14.5%	-24.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $40.6B

Operating income $14.9B

Net income $11.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	58.8%	61.3%	53.9%	51.5%	76.1%
Expenses Cost of Revenue	19.3%	21.6%	19.7%	18.5%	24.3%
Expenses Research and Development	1.1%	1.2%	1.1%	1.0%	1.5%
Expenses Selling,General and Administrative	0.0%	0.0%	0.0%	0.0%	0.0%
Expenses Depreciation and Amortization	2.9%	2.9%	2.1%	1.7%	2.4%
Expenses Restructuring and Asset Impairment	0.2%	0.1%	0.1%	0.0%	0.5%
Other Income Expense Gross Profit	39.4%	39.7%	34.1%	33.0%	51.8%
Other Income Expense Operating Income	21.5%	21.7%	17.7%	19.9%	31.4%
Other Income Expense Interest Income	0.9%	1.0%	0.7%	0.3%	0.3%
Other Income Expense Interest Expense	0.0%	0.0%	2.3%	1.2%	1.8%
Other Income Expense Income Before Tax	20.1%	19.7%	16.0%	18.9%	29.6%
Income Tax Income Tax Expense	4.0%	4.9%	3.6%	3.6%	6.5%
net Income net Income	16.4%	11.4%	12.0%	14.7%	22.1%
net Income Comprehensive Income	15.0%	12.2%	8.5%	14.7%	25.9%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	2.2%	2.5%	2.4%	2.5%	3.8%
Earnings Per Share Weighted Average Shares Diluted	2.3%	2.5%	2.4%	2.5%	3.8%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $12.2B

Investing cash flow $-4.0B

Financing cash flow $-8.1B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	16.4%	11.4%	12.0%	14.7%	22.1%
Operating Activities Depreciation and Amortization	2.9%	2.9%	2.1%	1.7%	2.4%
Operating Activities Deferred Income Taxes	-1.2%	-0.2%	-0.5%	-0.4%	-0.0%
Operating Activities Changes In Operating Assets and Liabilities	2.1%	-0.4%	0.9%	3.3%	0.3%
Operating Activities net Cash From Operating Activities	17.7%	19.8%	14.1%	17.5%	29.0%
Investing Activities Capital Expenditures	2.3%	2.3%	2.0%	1.7%	1.8%
Investing Activities Purchases of Investments	0.1%	0.2%	0.2%	0.0%	0.1%
Investing Activities Proceeds From Sale of Investments	0.2%	0.0%	0.0%	—	—
Investing Activities Other Investing Activities	0.0%	-0.1%	-0.1%	-0.2%	-0.2%
Investing Activities net Cash From Investing Activities	-5.7%	-1.8%	-5.5%	-25.4%	-5.7%
Financing Activities Proceeds From Debt	10.2%	13.2%	15.3%	9.7%	0.0%
Financing Activities Repayment of Debt	7.8%	7.8%	3.9%	4.4%	7.4%
Financing Activities Dividends Paid	12.5%	13.3%	12.2%	12.7%	18.4%
Financing Activities Other Financing Activities	-0.8%	-0.8%	-0.6%	-1.4%	-1.4%
Financing Activities net Cash From Financing Activities	-11.8%	-15.3%	-8.5%	6.2%	-29.0%
Cash Reconciliation net Change In Cash	0.9%	1.8%	-0.1%	-2.1%	-6.7%
Cash Reconciliation Cash At Beginning of Period	7.1%	6.9%	4.8%	5.2%	10.9%
Cash Reconciliation Cash At End of Period	7.1%	6.9%	4.8%	5.2%	10.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+67.1%	+64.8%	+63.3%	+64.1%	+68.1%
Operating margin	+36.6%	+35.4%	+32.9%	+38.6%	+41.3%
Net margin	+27.9%	+18.6%	+22.2%	+28.5%	+29.0%
FCF margin	+26.2%	+28.4%	+22.4%	+30.6%	+35.7%
Growth
Revenue CAGR (3y)	+8.6%	+6.4%	+7.0%	+2.1%	+2.0%
Returns
ROE	-113.5%	-60.1%	-69.6%	-101.0%	-90.1%
ROA	+16.4%	+11.4%	+12.0%	+14.7%	+22.1%
ROIC	-81.2%	-63.6%	-72.3%	-151.2%	-70.5%
Liquidity
Current ratio	0.96x	0.88x	0.75x	0.72x	0.92x
Quick ratio	0.37x	0.35x	0.25x	0.26x	0.40x
Leverage
D/E	-7.73x	-6.10x	-6.66x	-7.59x	-4.90x
Interest coverage	7446.00x	6701.00x	7.57x	15.95x	17.61x
Efficiency
Asset turnover	0.59x	0.61x	0.54x	0.51x	0.76x
Cash conversion cycle	+234d	+187d	+224d	+230d	+232d

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FY2025 fundamentals · no price

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Philip Morris International

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