Philip Morris International PM
$197.88 −$3.62 (-1.80%)
Market closed · Nov 8, 11:30 pm ET · Last extended-hours $201.00 +1.58%
Open$197.68
Prev close$201.50
Day range$193.62 – $200.66
Volume5.64M
Market cap$308.43B
P/E (TTM)28.9
Dividend yield3.04%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$11.44B+5.5% YoY
Operating profit$4.87B+14.1% YoY
Net profit$3.52B-2.5% YoY
Diluted EPS$2.12-4.9% YoY
Free cash flow$4.97B+21.3% YoY
Operating cash flow$5.35B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin67.7%
Operating margin38.6%
Net margin24.8%
Return on assets16.0%
Current ratio1.02
Liabilities / assets108.9%
Cash & investments$6.68B
Total debt$47.56B
Net cash (debt)-$40.88B
Free cash flow / sales31.5%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $11.44B | $11.19B | $10.15B | $40.65B | $10.36B |
| Total Operating Revenue | $11.44B | $11.19B | $10.15B | $40.65B | $10.36B |
| Cost of Revenue | $3.58B | $3.53B | $3.24B | $13.37B | $3.58B |
| Gross Profit | $7.85B | $7.66B | $6.91B | $27.28B | $6.79B |
| Operating Expense | $2.99B | $3.13B | $3.01B | $12.35B | $3.41B |
| Selling and Admin Expenses | $2.99B | $2.98B | $3.01B | $12.35B | $3.88B |
| Other Operating Expenses | -$5.00M | $148.00M | – | – | – |
| Operating Profit | $4.87B | $4.53B | $3.89B | $14.93B | $3.37B |
| Net Non-Operating Interest Income (Expense) | -$199.00M | -$243.00M | -$237.00M | -$966.00M | -$218.00M |
| Non-Operating Interest Expense | $199.00M | $243.00M | $237.00M | $1.59B | $839.00M |
| Other Income (Expense) | -$73.00M | $5.00M | $5.00M | -$87.00M | -$9.00M |
| Other Non-Operating Income (Expenses) | -$73.00M | $5.00M | $5.00M | -$46.00M | -$9.00M |
| Pretax Profit | $4.59B | $4.29B | $3.66B | $13.88B | $3.15B |
| Tax | $986.00M | $955.00M | $676.00M | $2.74B | $675.00M |
| Earnings from Equity Interest Net of Tax | -$86.00M | $159.00M | -$403.00M | $705.00M | -$221.00M |
| Net Profit | $3.52B | $2.99B | $2.58B | $11.85B | $2.25B |
| Profit from Continuing Operations | $3.52B | $3.50B | $2.58B | $11.85B | $2.25B |
| Minority Interests | $209.00M | $168.00M | $144.00M | $500.00M | $109.00M |
| Net Income to Parent Company | $3.31B | $2.82B | $2.44B | $11.35B | $2.14B |
| Other Preferred Stock Dividends | $8.00M | $7.00M | $7.00M | $32.00M | $6.00M |
| Net Income to Common Stockholders | $3.31B | $2.81B | $2.43B | $11.32B | $2.14B |
| Basic EPS | $2.12 | $1.80 | $1.56 | $7.27 | $1.37 |
| Diluted EPS | $2.12 | $1.80 | $1.56 | $7.26 | $1.37 |
| Dividend Per Share | $1.60 | $1.47 | $1.47 | $5.64 | $1.47 |
| Special Income (Charges) | – | $0.00 | – | -$41.00M | $0.00 |
| -Less:Impairment of Capital Assets | – | $0.00 | – | $41.00M | $0.00 |
| Net Income Extraordinary | – | -$511.00M | – | $0.00 | $0.00 |
| Non-Operating Interest Income | – | – | – | $621.00M | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $66.73B | $68.27B | $68.91B | $69.19B | $69.19B |
| Total Current Assets | $25.79B | $26.01B | $25.60B | $24.36B | $24.36B |
| Cash and Cash Equivalents & Short-Term Investments | $6.68B | $6.00B | $5.45B | $4.87B | $4.87B |
| -Cash and Cash Equivalents | $6.68B | $6.00B | $5.45B | $4.87B | $4.87B |
| Receivables | $6.53B | $6.47B | $6.39B | $5.81B | $5.81B |
| -Accounts Receivable | $5.16B | $5.18B | $5.12B | $4.57B | $4.57B |
| -Other Receivables | $1.38B | $1.30B | $1.27B | $1.24B | $1.24B |
| Inventory | $10.33B | $11.44B | $11.39B | $11.48B | $11.48B |
| Other Current Assets | $2.25B | $2.10B | $2.37B | $2.20B | $2.20B |
| Total Non-Current Assets | $40.94B | $42.27B | $43.31B | $44.82B | $44.82B |
| Net PPE | $8.37B | $8.31B | $8.26B | $8.40B | $8.40B |
| -Gross PPE | $19.55B | $19.56B | $19.45B | $19.62B | $19.62B |
| -Accumulated Depreciation | -$11.18B | -$11.24B | -$11.19B | -$11.22B | -$11.22B |
| Investments and Advances | $1.98B | $2.13B | $2.48B | $2.89B | $2.89B |
| -Long Term Equity Investment | $1.98B | $2.13B | $2.48B | $2.89B | $2.89B |
| Goodwill and Other Intangible Assets | $26.61B | $27.10B | $27.58B | $28.15B | $28.15B |
| -Goodwill | $16.79B | $16.92B | $17.07B | $17.26B | $17.26B |
| -Other Intangible Assets | $9.82B | $10.18B | $10.51B | $10.88B | $10.88B |
| Non-Current Deferred Assets | $1.22B | $1.14B | $1.20B | $1.25B | $1.25B |
| Other Non-Current Assets | $2.76B | $3.59B | $3.80B | $4.14B | $4.14B |
| Total Liabilities | $72.68B | $74.93B | $76.21B | $77.21B | $77.21B |
| Total Current Liabilities | $25.20B | $26.54B | $26.22B | $25.43B | $25.43B |
| Payables | $13.43B | $13.88B | $12.44B | $15.53B | $15.53B |
| -Accounts Payable | $4.04B | $3.92B | $3.93B | $4.41B | $4.41B |
| -Total Tax Payable | $6.88B | $7.65B | $6.20B | $8.81B | $8.81B |
| -Dividends Payable | $2.52B | $2.31B | $2.31B | $2.31B | $2.31B |
| Current Accrued Expenses | $4.49B | $4.62B | $4.42B | $4.65B | $4.65B |
| Short-Term Debt and Capital Lease Obligation | $5.85B | $6.75B | $8.14B | $3.70B | $3.70B |
| -Current Debt | $5.85B | $6.75B | $8.14B | $3.70B | $3.70B |
| Total Non-Current Liabilities | $47.48B | $48.39B | $49.99B | $51.79B | $51.79B |
| Long Term Debt and Capital Lease Obligation | $41.71B | $42.37B | $43.81B | $45.13B | $45.13B |
| -Long Term Debt | $41.71B | $42.37B | $43.81B | $45.13B | $45.13B |
| Non-Current Deferred Liabilities | $1.98B | $2.06B | $2.01B | $2.07B | $2.07B |
| Employee Benefits | $2.14B | $2.25B | $2.34B | $2.41B | $2.41B |
| Other Non-Current Liabilities | $1.65B | $1.71B | $1.83B | $2.18B | $2.18B |
| Total Equity | -$5.95B | -$6.66B | -$7.30B | -$8.03B | -$8.03B |
| Stockholders' Equity | -$7.94B | -$8.58B | -$9.28B | -$9.99B | -$9.99B |
| Capital Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| -Common Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $2.53B | $2.48B | $2.43B | $2.45B | $2.45B |
| Retained Earnings | $36.87B | $36.06B | $35.54B | $35.40B | $35.40B |
| Less: Treasury Stock | $35.46B | $35.46B | $35.46B | $35.55B | $35.55B |
| Gains/Losses Not Affecting Retained Earnings | -$11.87B | -$11.66B | -$11.79B | -$12.30B | -$12.30B |
| Minority Interests | $1.99B | $1.93B | $1.98B | $1.97B | $1.97B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $5.35B | $5.49B | -$399.00M | $12.23B | $4.71B |
| Net cash flow from continuing operations | $5.35B | $5.49B | -$399.00M | $12.23B | $4.71B |
| Net Income from Continuing Operations | $3.52B | $2.99B | $2.58B | $11.85B | $2.25B |
| Depreciation & Depletion & Amortization | $511.00M | $513.00M | $510.00M | $2.00B | $521.00M |
| Deferred Tax | -$25.00M | $57.00M | -$67.00M | -$847.00M | -$414.00M |
| Other Non-Cash Items | $782.00M | -$112.00M | $449.00M | $909.00M | $238.00M |
| Change in Working Capital | $562.00M | $1.54B | -$3.87B | -$1.81B | $2.02B |
| -Change in Receivables | -$146.00M | -$50.00M | -$640.00M | -$448.00M | $261.00M |
| -Change in Inventory | $1.01B | -$69.00M | -$11.00M | -$1.20B | -$1.15B |
| -Change in Payables and Accrued Expense | -$667.00M | $1.69B | -$3.05B | $107.00M | $2.61B |
| -Change In Other Working Capital | $362.00M | -$29.00M | -$171.00M | -$266.00M | $298.00M |
| Net cash flow from investing | -$507.00M | $26.00M | -$3.00M | -$3.97B | -$428.00M |
| Net Cash Flow from Continuing Investing Activities | -$507.00M | $26.00M | -$3.00M | -$3.97B | -$428.00M |
| Capital Expenditure | -$382.00M | -$380.00M | -$353.00M | -$1.57B | -$444.00M |
| Net Business Purchase and Sale | $0.00 | $77.00M | -$35.00M | -$33.00M | -$17.00M |
| Net Investment Purchase and Sale | $417.00M | $98.00M | $90.00M | -$86.00M | $2.37B |
| Net Other Investing Changes | -$542.00M | $231.00M | $295.00M | -$2.28B | -$2.33B |
| Financing Cash Flow | -$3.94B | -$4.98B | $1.10B | -$8.13B | -$3.58B |
| Net Cash Flow from Continuing Financing Activities | -$3.94B | -$4.98B | $1.10B | -$8.13B | -$3.58B |
| Net Issuance Payments Of Debt | -$1.38B | -$2.73B | $3.38B | $1.71B | -$1.31B |
| Cash Dividends Paid | -$2.30B | -$2.30B | -$2.31B | -$8.62B | -$2.30B |
| Net Other Financing Charges | -$261.00M | $56.00M | $22.00M | -$1.21B | $21.00M |
| Ending Cash Balance | $6.71B | $6.02B | $5.47B | $4.89B | $4.89B |
| Net Change in Cash | $904.00M | $543.00M | $694.00M | $134.00M | $700.00M |
| Beginning Cash Balance | $6.02B | $5.47B | $4.89B | $4.25B | $4.06B |
| Effect of Exchange Rate Changes | -$222.00M | $11.00M | -$116.00M | $504.00M | $131.00M |
| Free Cash Flow | $4.97B | $5.11B | -$752.00M | $10.66B | $4.27B |
| Gain/Loss from Continuing Operations | – | – | – | $94.00M | – |
No comments yet — be the first to weigh in on PM.
Sign in to join the discussion.