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 revenue.

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	12.0%	11.2%	8.9%	10.1%	14.3%
Accounts Receivable	11.2%	10.0%	9.8%	12.1%	9.9%
Inventory	28.2%	25.0%	30.6%	31.1%	27.8%
Prepaid Expenses	5.4%	4.8%	4.3%	5.6%	1.8%
Other Current Assets	5.4%	4.8%	4.3%	5.6%	1.8%
Total Current Assets	59.9%	53.2%	56.2%	61.8%	56.4%
Property,Plant and Equipment	20.7%	19.3%	21.4%	21.1%	19.6%
Goodwill	42.5%	43.8%	47.7%	61.9%	21.3%
Intangible Assets	26.8%	29.9%	28.0%	21.2%	9.0%
Long Term Investments	7.1%	7.0%	14.0%	14.0%	14.2%
Deferred Tax Assets	3.1%	2.5%	2.3%	1.9%	2.8%
Other Noncurrent Assets	10.2%	7.3%	16.1%	12.4%	8.1%
Total Assets	170.2%	163.1%	185.7%	194.2%	131.5%
Liabilities
Accounts Payable	10.8%	10.4%	11.8%	12.8%	10.6%
Accrued Liabilities	8.1%	7.5%	7.8%	8.4%	5.2%
Current Portion of Long Term Debt	0.4%	0.4%	5.6%	17.7%	0.7%
Other Current Liabilities	5.4%	—	—	—	—
Total Current Liabilities	62.6%	60.5%	75.0%	86.1%	61.3%
Deferred Tax Liabilities	5.1%	6.6%	6.6%	6.2%	2.3%
Other Noncurrent Liabilities	5.4%	—	—	—	—
Total Liabilities	190.0%	189.2%	212.5%	214.1%	157.6%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	6.0%	6.2%	6.5%	7.0%	7.1%
Retained Earnings	87.1%	86.8%	96.9%	108.0%	105.3%
Treasury Stock	87.5%	94.1%	101.7%	113.1%	114.1%
Accumulated Other Comprehensive Income	-30.2%	-29.9%	-33.6%	-30.1%	-30.5%
Noncontrolling Interest	4.8%	5.0%	5.1%	8.3%	6.0%
Total Stockholders Equity	-24.6%	-31.0%	-31.9%	-28.2%	-32.2%
Total Liabilitiesand Equity	170.2%	163.1%	185.7%	194.2%	131.5%

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	32.9%	35.2%	36.7%	35.9%	31.9%
Expenses Research and Development	1.9%	2.0%	2.0%	2.0%	2.0%
Expenses Selling,General and Administrative	0.0%	0.0%	0.0%	0.0%	0.0%
Expenses Depreciation and Amortization	4.9%	4.7%	4.0%	3.4%	3.2%
Expenses Restructuring and Asset Impairment	0.4%	0.2%	0.2%	0.0%	0.7%
Other Income Expense Gross Profit	67.1%	64.8%	63.3%	64.1%	68.1%
Other Income Expense Operating Income	36.6%	35.4%	32.9%	38.6%	41.3%
Other Income Expense Interest Income	1.5%	1.6%	1.3%	0.6%	0.3%
Other Income Expense Interest Expense	0.0%	0.0%	4.3%	2.4%	2.3%
Other Income Expense Income Before Tax	34.1%	32.2%	29.7%	36.6%	38.9%
Income Tax Income Tax Expense	6.7%	8.0%	6.6%	7.1%	8.5%
net Income net Income	27.9%	18.6%	22.2%	28.5%	29.0%
net Income Comprehensive Income	25.5%	20.0%	15.8%	28.5%	34.1%
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	3.8%	4.1%	4.4%	4.9%	5.0%
Earnings Per Share Weighted Average Shares Diluted	3.8%	4.1%	4.4%	4.9%	5.0%

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	27.9%	18.6%	22.2%	28.5%	29.0%
Operating Activities Depreciation and Amortization	4.9%	4.7%	4.0%	3.4%	3.2%
Operating Activities Deferred Income Taxes	-2.1%	-0.3%	-0.9%	-0.7%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	3.6%	-0.7%	1.6%	6.3%	0.3%
Operating Activities net Cash From Operating Activities	30.1%	32.3%	26.2%	34.0%	38.1%
Investing Activities Capital Expenditures	3.9%	3.8%	3.8%	3.4%	2.4%
Investing Activities Purchases of Investments	0.2%	0.3%	0.3%	0.1%	0.1%
Investing Activities Proceeds From Sale of Investments	0.3%	0.0%	0.0%	—	—
Investing Activities Other Investing Activities	0.0%	-0.2%	-0.2%	-0.4%	-0.2%
Investing Activities net Cash From Investing Activities	-9.8%	-2.9%	-10.2%	-49.4%	-7.5%
Financing Activities Proceeds From Debt	17.4%	21.5%	28.3%	18.8%	0.0%
Financing Activities Repayment of Debt	13.2%	12.7%	7.3%	8.6%	9.7%
Financing Activities Dividends Paid	21.2%	21.6%	22.6%	24.6%	24.1%
Financing Activities Other Financing Activities	-1.3%	-1.3%	-1.1%	-2.8%	-1.8%
Financing Activities net Cash From Financing Activities	-20.0%	-25.0%	-15.9%	12.0%	-38.1%
Cash Reconciliation net Change In Cash	1.6%	2.9%	-0.2%	-4.0%	-8.9%
Cash Reconciliation Cash At Beginning of Period	12.0%	11.2%	8.9%	10.1%	14.3%
Cash Reconciliation Cash At End of Period	12.0%	11.2%	8.9%	10.1%	14.3%

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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