Philip Morris InternationalPMRevenue: is the business selling more than it used to?
$40.6B+7% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $40.6B in 2025, compounding +9% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $42.5B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMNet income: how much of that revenue becomes profit?
$11.3B+61% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $11.3B in 2025, compounding +8% a year over three years. Earnings per share moved +32% over the last twelve months. Trailing twelve-month profit stands at $10.9B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMHow fast is it growing, year by year?
+7.3%revenue growth, FY 2025
→Revenue grew +7% in 2025 against a five-year average of +7%. Earnings grew faster (+61%), so each new dollar of sales is arriving more profitably.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMRevenue per share: is your slice growing as fast as the company?
$26.09revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $26.09 in 2025, compounding +8% a year - in line with PM's own +9%, so the share count is not distorting your slice. Free cash flow per share stands at $6.84.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMFree cash flow: what is left in real cash after everything?
$10.7B−1% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $10.7B in 2025, compounding +3% a year since 2022. The trailing twelve months stand at $12.7B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhere does each dollar of revenue actually go?
→Of $40.6B in 2025 sales, $11.3B reaches net profit - 28 cents on the dollar. The largest single deduction is producing the product ($13.4B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→26 cents of every sales dollar became free cash in 2025, down 4 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 4% of revenue (research and development 2%, stock compensation 0%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 3 of the last 5 years, most recently +11% against +7%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin has held near 37% since 2022. After everything, 28 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Return on capital needs both a profit and an equity base; one of them isn't available here.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhat has the market paid for PM over time?
26.2xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 26.2x earnings, the market is paying +101% more than PM's own 11-year median of 13.0x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMWhat cash return does the business throw off per dollar of market value?
4.5%FCF yield today
→Every dollar of market value currently buys 4.5% of annual free cash flow, less than its 11-year median of 7.7% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMCould it handle its debt if things went wrong?
→Debt of $45.7B sits against $6.0B of cash. Earnings cover the interest bill 10 times over, so the debt is comfortably serviced.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMIs the company's own capital growing?
→Shareholders' equity is negative at $-8.6B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMHow much goes back, and how much leaks out as stock comp?
→Shareholders received $8.6B in dividends in 2024. Stock compensation issued $162M of new shares in the same year, offsetting 2% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMHow fast is your ownership being diluted - or concentrated?
→The share count grew 0.1% in 2025, averaging 0.1% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMIs the dividend cheque growing?
→The dividend per share reached $5.54 in 2025, compounding +3% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 76% of profit and 81% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMDoes PM earn more on its capital than that capital costs?
→PM earns 34.0% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 35.7% in 2022, so the trend is down, though the path has been bumpy.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMPM has issued or retired shares - did shareholders end up better off?
→PM has shrunk its share count -15% from 2010 to 2025, so each remaining share owns more of the business. Revenue per share is -40% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Philip Morris InternationalPMAre the people running it buying or selling?
→Insiders sold $32M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 47 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30