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Profile & Fundamentals

Philip Morris Profile & Fundamentals

Name: Philip Morris financial chart data preview
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Company and Market Context

Company Profile & Ownership

Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.

Company profile record

Philip Morris International Inc

Common Stock · Consumer Staples · Tobacco

Official website

Company

Company / asset: Philip Morris International Inc
Security type: Common Stock
Sector: Consumer Staples
Industry: Tobacco
HQ: 🇺🇸 United States
Head office: 677 Washington Boulevard, Stamford, CT, United States, 06901

Leadership & scale

Chief executive: Mr. Jacek Olczak
CEO year born: 1965
Full-time employees: 84.9K
Fiscal year end: December
IPO date: 2008-03-17

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 297.7B
P/E: 27.4x
Revenue (Q2 26): USD 11.2B
Profit (Q2 26): USD 2.8B
Dividend Yield: 2.2%
Revenue (FY 25): USD 40.6B
Shares in public float: 1.6B
Insider ownership: 0.16%

Reporting & identifiers

Symbol: PM.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US7181721090
Asset ID: equity_423118de-14b5-5c35-bf46-f4b456161668

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Capital World Investors133,152,391 shares · 8.54% · Reported 2026-06-30
BlackRock Inc107,532,073 shares · 6.90% · Reported 2026-03-31
Vanguard Capital Management, LLC101,156,274 shares · 6.49% · Reported 2026-03-31
Capital Research Global Investors84,253,663 shares · 5.41% · Reported 2026-06-30
Capital Research & Mgmt Co - Division 372,252,261 shares · 4.64% · Reported 2026-06-30
State Street Corp55,033,026 shares · 3.53% · Reported 2026-03-31
JPMorgan Chase & Co51,591,197 shares · 3.31% · Reported 2026-03-31

View more holders (8)

Vanguard MStar Total Stk Mkt Idx Invest49,629,994 shares · 3.18% · Reported 2026-07-31
GQG Partners LLC45,436,985 shares · 2.92% · Reported 2026-06-30
FMR Inc44,770,603 shares · 2.87% · Reported 2026-03-31
American Funds Washington Mutual A44,395,893 shares · 2.85% · Reported 2026-06-30
Capital Group Wash Mutual Invtrs Comp44,395,893 shares · 2.85% · Reported 2026-06-30
Vanguard 500 Index Investor40,915,940 shares · 2.63% · Reported 2026-07-31
Geode Capital Management, LLC38,461,183 shares · 2.47% · Reported 2026-03-31
American Funds Fundamental Invs A36,553,926 shares · 2.35% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Top-line revenue shows powerful momentum, reaching $42.5 billion over the trailing twelve months, propelled by double-digit volume expansion in smoke-free products. Heated tobacco and modern oral pouches now generate over 42% of total company sales, successfully replacing shrinking cigarette volumes. While headline accounting profits experienced temporary swings due to a $511 million non-cash investment impairment in Canada, adjusted operating income reached a robust $16.06 billion, reflecting genuine underlying business health. Free cash flow generation remained outstanding at $12.72 billion, easily funding the board's recent 8.8% dividend increase. However, growth is becoming regionally uneven. International operations continue delivering strong profit growth, while domestic oral nicotine faces heavy promotional discounting that temporarily dampens profit conversion.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability margins have expanded structurally, with gross margin widening to 67.1% and operating margin reaching 36.7%. This expansion is powered by an advantageous product mix, because heated tobacco units and oral nicotine pouches command substantially higher profit margins than conventional cigarettes. Furthermore, steady 6% to 8% price increases on traditional cigarettes reliably outpace inflation. Looking ahead, profit margin expansion will encounter natural friction. To defend market leadership against aggressive competitor discounting in convenience stores, the company has increased promotional spending on oral pouches. While overall margins remain well protected by manufacturing scale, explosive margin surprises will be harder to achieve.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	26,685,000,000	6,905,000,000	6,967,000,000	64.81	40.86	26.11	25.88
2017-12-31	28,748,000,000	7,364,000,000	6,035,000,000	63.71	40.27	20.99	25.62
2018-12-31	29,625,000,000	8,042,000,000	7,911,000,000	63.69	38.26	26.7	27.15
2019-12-31	29,805,000,000	9,238,000,000	7,185,000,000	64.73	35.33	24.11	30.99
2020-12-31	28,694,000,000	9,210,000,000	8,056,000,000	66.65	40.84	28.08	32.1
2021-12-31	31,405,000,000	11,219,000,000	2,229,000,000	16.87	9.38	7.1	35.72
2022-12-31	31,762,000,000	9,726,000,000	9,048,000,000	64.1	38.56	28.49	30.62
2023-12-31	35,174,000,000	7,883,000,000	7,791,000,000	63.35	32.85	22.15	22.41
2024-12-31	37,878,000,000	10,773,000,000	7,034,000,000	64.81	35.38	18.57	28.44
2025-12-31	40,648,000,000	10,664,000,000	11,348,000,000	67.12	36.74	27.92	26.23

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	22.02	Trailing four quarters
2024-12-31	26.54	Trailing four quarters
2023-12-31	18.71	Trailing four quarters
2022-12-31	17.36	Annual net income
2021-12-31	66.36	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	1,554,000,000
2018-01-01	1,555,000,000
2019-01-01	1,557,000,000
2020-01-01	1,558,000,000
2021-01-01	1,557,000,000
2022-01-01	1,552,000,000
2023-01-01	1,554,000,000
2024-01-01	1,556,000,000
2025-01-01	1,558,000,000
2026-01-01	1,562,820,500

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