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

Year-over-year change per cell; first column has no prior.

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	+15.0%	+35.2%	-2.2%	-28.5%	-38.2%	+6.1%	+3.7%	-21.9%	+95.7%	—
Accounts Receivable	+20.7%	+9.5%	-10.1%	+23.3%	+7.5%	-5.7%	+4.4%	-21.1%	+6.8%	—
Inventory	+21.4%	-12.3%	+9.0%	+13.4%	-9.1%	+3.9%	+4.9%	-0.0%	-2.3%	—
Prepaid Expenses	+20.6%	+19.3%	-13.6%	+215.5%	-34.8%	+22.7%	+45.7%	-20.2%	-29.3%	—
Other Current Assets	+20.6%	+19.3%	-13.6%	+215.5%	-34.8%	+22.7%	+45.7%	-20.2%	-29.3%	—
Total Current Assets	+20.8%	+2.1%	+0.7%	+10.7%	-17.6%	+4.8%	+5.5%	-10.0%	+22.6%	—
Property,Plant and Equipment	+14.9%	-2.7%	+12.0%	+8.8%	-3.1%	-4.0%	-7.9%	-1.0%	+19.9%	—
Goodwill	+4.0%	-1.1%	-14.6%	+194.2%	+12.0%	+1.8%	-18.5%	-6.2%	+4.7%	—
Intangible Assets	-3.9%	+14.8%	+46.5%	+138.9%	+39.6%	-4.4%	-7.2%	-6.3%	-1.5%	—
Long Term Investments	+8.9%	-46.2%	+11.2%	-0.7%	-7.0%	+355.7%	+7.3%	—	—	—
Deferred Tax Assets	+32.7%	+15.5%	+35.0%	-32.6%	-36.5%	+22.3%	+18.0%	-3.0%	+17.2%	—
Other Noncurrent Assets	+48.7%	-50.7%	+43.7%	+54.2%	-7.9%	+40.4%	+36.4%	-24.9%	+27.0%	—
Total Assets	+12.0%	-5.4%	+5.9%	+49.4%	-7.9%	+4.5%	+7.7%	-7.4%	+16.6%	—
Liabilities
Accounts Payable	+11.5%	-4.6%	+1.6%	+22.4%	+19.8%	+20.9%	+11.2%	-7.8%	+34.6%	—
Accrued Liabilities	+16.5%	+3.5%	+2.2%	+63.7%	-22.9%	+7.6%	+44.4%	+1.5%	-13.3%	—
Current Portion of Long Term Debt	+22.6%	-93.0%	-65.1%	+2405.3%	-7.8%	-27.8%	-53.7%	+46.3%	-22.4%	—
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+11.0%	-13.1%	-3.5%	+42.0%	-1.8%	+4.2%	+9.6%	+7.7%	-3.1%	—
Deferred Tax Liabilities	-18.0%	+7.8%	+19.4%	+169.4%	+6.1%	-24.7%	+1.1%	+12.4%	-57.9%	—
Other Noncurrent Liabilities	—	—	—	—	—	—	—	—	—	—
Total Liabilities	+7.8%	-4.1%	+9.9%	+37.4%	-10.7%	+5.7%	+3.8%	-5.0%	+11.4%	—
Equity
Common Stock	—	—	—	—	—	—	—	—	—	—
Additional Paid In Capital	+5.1%	+2.2%	+2.5%	+0.2%	+5.7%	+4.3%	+4.1%	-1.7%	+0.4%	—
Retained Earnings	+7.7%	-3.6%	-0.6%	+3.6%	+4.6%	+2.1%	-0.1%	+3.9%	-1.8%	—
Treasury Stock	-0.2%	-0.4%	-0.4%	+0.2%	+2.0%	-0.3%	-0.2%	-0.2%	-0.3%	—
Accumulated Other Comprehensive Income	-8.7%	+4.2%	-23.6%	+0.2%	+14.3%	-19.4%	+7.4%	-18.5%	+10.7%	—
Noncontrolling Interest	+4.6%	+5.7%	-32.8%	+39.4%	-2.0%	-2.1%	+15.0%	-7.3%	+3.8%	—
Total Stockholders Equity	+14.9%	-4.7%	-25.3%	+11.4%	+19.6%	-8.6%	+7.1%	-3.1%	+4.7%	—
Total Liabilitiesand Equity	+12.0%	-5.4%	+5.9%	+49.4%	-7.9%	+4.5%	+7.7%	-7.4%	+16.6%	—

Income Statement

Revenue, expense, and profitability

18 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	+7.3%	+7.7%	+10.7%	+1.1%	+9.4%	-3.7%	+0.6%	+3.1%	+7.7%	—
Expenses Cost of Revenue	+0.3%	+3.4%	+13.1%	+13.7%	+4.8%	-9.0%	-2.3%	+3.1%	+11.1%	—
Expenses Research and Development	-0.4%	+7.1%	+10.4%	+4.1%	+24.6%	+6.5%	+21.4%	-15.5%	+5.6%	—
Expenses Selling,General and Administrative	—	—	—	—	—	—	—	-100.0%	+1.9%	—
Expenses Depreciation and Amortization	+11.7%	+27.8%	+29.8%	+7.9%	+1.7%	+1.8%	-2.5%	+13.0%	+17.8%	—
Expenses Restructuring and Asset Impairment	+93.5%	-1.3%	—	-100.0%	+53.2%	-62.0%	+12466.7%	+70.0%	—	—
Other Income Expense Gross Profit	+11.1%	+10.2%	+9.4%	-4.7%	+11.8%	-0.9%	+2.3%	+3.0%	+5.9%	—
Other Income Expense Operating Income	+11.1%	+16.0%	-5.6%	-5.6%	+11.2%	+10.8%	-7.4%	-1.8%	+6.2%	—
Other Income Expense Interest Income	+0.2%	+33.3%	+158.3%	+65.1%	-0.9%	-51.3%	+18.9%	+4.4%	+2.2%	—
Other Income Expense Interest Expense	+0.0%	-99.9%	+98.7%	+4.2%	+1.2%	-8.5%	-6.9%	-22.0%	+2.5%	—
Other Income Expense Income Before Tax	+13.8%	+16.7%	-10.2%	-4.9%	+11.7%	+11.0%	-7.5%	+0.8%	+6.7%	—
Income Tax Income Tax Expense	-9.3%	+29.0%	+4.2%	-16.0%	+12.4%	+3.7%	-6.2%	-43.2%	+55.6%	—
net Income net Income	+60.8%	-9.7%	-13.6%	-0.7%	+13.1%	+12.1%	-9.2%	+31.1%	-13.4%	—
net Income Comprehensive Income	+37.2%	+36.0%	-38.7%	-15.4%	+71.7%	-21.4%	+25.2%	-10.3%	+3.7%	—
Earnings Per Share Basic Eps	+60.5%	-9.8%	-13.7%	-0.2%	+13.0%	+11.9%	-9.3%	+30.9%	-13.4%	—
Earnings Per Share Diluted Eps	+60.6%	-10.0%	-13.6%	-0.3%	+13.0%	+11.9%	-9.3%	+30.9%	-13.4%	—
Earnings Per Share Weighted Average Shares Basic	+0.1%	+0.1%	+0.1%	-0.5%	+0.1%	+0.1%	+0.0%	+0.2%	+0.1%	—
Earnings Per Share Weighted Average Shares Diluted	+0.1%	+0.2%	+0.1%	-0.4%	+0.1%	+0.1%	+0.1%	+0.1%	+0.1%	—

Cash Flow Statement

Operating, investing, and financing flows

18 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	+60.8%	-9.7%	-13.6%	-0.7%	+13.1%	+12.1%	-9.2%	+31.1%	-13.4%	—
Operating Activities Depreciation and Amortization	+11.7%	+27.8%	+29.8%	+7.9%	+1.7%	+1.8%	-2.5%	+13.0%	+17.8%	—
Operating Activities Deferred Income Taxes	-588.6%	+62.7%	-41.0%	-1276.5%	+88.1%	-1.4%	-41.0%	+80.0%	-375.3%	—
Operating Activities Changes In Operating Assets and Liabilities	+672.2%	-144.4%	-71.4%	+1828.8%	-81.8%	-42.8%	+77.8%	+284.3%	-128.6%	—
Operating Activities net Cash From Operating Activities	+0.1%	+32.7%	-14.8%	-9.7%	+22.0%	-2.8%	+6.5%	+6.4%	+10.3%	—
Investing Activities Capital Expenditures	+8.7%	+9.3%	+22.7%	+44.0%	+24.3%	-29.3%	-40.7%	-7.2%	+32.1%	—
Investing Activities Purchases of Investments	-49.2%	+11.7%	+455.0%	-41.2%	-27.7%	+51.6%	-50.8%	—	—	—
Investing Activities Proceeds From Sale of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	+106.4%	+0.0%	+30.4%	-62.3%	-50.0%	-43.8%	+62.4%	+17.5%	-22.6%	—
Investing Activities net Cash From Investing Activities	-263.3%	+69.6%	+77.1%	-564.9%	-104.3%	+36.3%	-81.5%	+67.6%	-269.7%	—
Financing Activities Proceeds From Debt	-13.4%	-18.2%	+67.0%	—	-100.0%	-2.8%	—	-100.0%	+93.7%	—
Financing Activities Repayment of Debt	+11.8%	+88.3%	-6.4%	-10.5%	-23.9%	+0.0%	+61.0%	-2.6%	+6.6%	—
Financing Activities Dividends Paid	+5.2%	+2.9%	+1.9%	+3.1%	+2.9%	+2.8%	+4.0%	+5.6%	+2.2%	—
Financing Activities Other Financing Activities	-6.5%	-30.4%	+57.4%	-51.9%	+25.3%	-117.4%	+33.5%	-26.1%	-146.2%	—
Financing Activities net Cash From Financing Activities	+14.2%	-69.8%	-246.7%	+131.8%	-41.0%	-5.4%	+16.5%	-248.5%	+48.8%	—
Cash Reconciliation net Change In Cash	-42.4%	+1660.6%	+94.5%	+53.9%	-763.1%	+71.4%	+113.2%	-144.8%	+379.2%	—
Cash Reconciliation Cash At Beginning of Period	+15.0%	+35.2%	-2.2%	-28.5%	-38.2%	+6.1%	+3.7%	-21.9%	+95.7%	—
Cash Reconciliation Cash At End of Period	+15.0%	+35.2%	-2.2%	-28.5%	-38.2%	+6.1%	+3.7%	-21.9%	+95.7%	—

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%	+63.7%	+64.8%
Operating margin	+36.6%	+35.4%	+32.9%	+38.6%	+41.3%	+40.7%	+35.3%	+38.4%	+40.3%	+40.9%
Net margin	+27.9%	+18.6%	+22.2%	+28.5%	+29.0%	+28.1%	+24.1%	+26.7%	+21.0%	+26.1%
FCF margin	+26.2%	+28.4%	+22.4%	+30.6%	+35.7%	+32.1%	+31.0%	+27.1%	+25.6%	+25.9%
Growth
Revenue CAGR (3y)	+8.6%	+6.4%	+7.0%	+2.1%	+2.0%	-0.1%	+3.8%	-26.3%	-28.9%	-30.7%
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	-81.2%	-63.6%	-72.3%	-151.2%	-70.5%	-46.6%	-44.7%	-47.8%	-34.2%	-48.0%
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	0.77x	0.48x
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	7446.00x	6701.00x	7.57x	15.95x	17.61x	16.03x	13.23x	13.31x	10.57x	10.20x
Efficiency
Asset turnover	0.59x	0.61x	0.54x	0.51x	0.76x	0.64x	0.70x	0.74x	0.67x	0.72x
Cash conversion cycle	+234d	+187d	+224d	+230d	+232d	+297d	+279d	+265d	+277d	+334d

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Philip Morris International

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