Philip Morris International Inc.
PM- Exchange
- NYSE
- Industry
- Cigarettes
- SEC CIK
- 0001413329
No open-market purchases or sales by Philip Morris International Inc. insiders were filed in the last 90 days; 2,947 institutions reported holding it in 13F filings for Q2 2026, worth $235.7B in total; 7 superinvestors hold it, including Gardner Russo & Quinn and Fundsmith.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 24, 2026, 1:07 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Revenue | $40.6B | $37.9B | $35.2B | $31.8B | $31.4B |
| Cost of revenue | $13.4B | $13.3B | $12.9B | $11.4B | $10.0B |
| Gross profit | $27.3B | $24.5B | $22.3B | $20.4B | $21.4B |
| Research and development | $756.0M | $759.0M | $709.0M | $642.0M | $617.0M |
| Operating income | $14.9B | $13.4B | $11.6B | $12.2B | $13.0B |
| Interest expense | – | – | $1.53B | $768.0M | $737.0M |
| Income tax | $2.74B | $3.02B | $2.34B | $2.24B | $2.67B |
| Net income | $11.3B | $7.06B | $7.81B | $9.05B | $9.11B |
| EPS, basic | $7.27 | $4.53 | $5.02 | $5.82 | $5.83 |
| EPS, diluted | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 |
| Weighted shares, basic | 1.56B | 1.55B | 1.55B | 1.55B | 1.56B |
| Weighted shares, diluted | 1.56B | 1.56B | 1.55B | 1.55B | 1.56B |
| Margins and growth | |||||
| 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% |
| Revenue growth, year over year | +7.3% | +7.7% | +10.7% | +1.1% | +9.4% |
| Net income growth, year over year | +60.8% | −9.7% | −13.6% | −0.7% | +13.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Cash and equivalents | $4.87B | $4.22B | $3.06B | $3.21B | $4.50B |
| Accounts receivable | $4.57B | $3.79B | $3.46B | $3.85B | $3.12B |
| Inventory | $11.5B | $9.45B | $10.8B | $9.89B | $8.72B |
| Total current assets | $24.4B | $20.2B | $19.8B | $19.6B | $17.7B |
| Goodwill | $17.3B | $16.6B | $16.8B | $19.7B | $6.68B |
| Intangible assets | $10.9B | $11.3B | $9.86B | $6.73B | $2.82B |
| Total assets | $69.2B | $61.8B | $65.3B | $61.7B | $41.3B |
| Accounts payable | $4.41B | $3.95B | $4.14B | $4.08B | $3.33B |
| Short-term debt | $168.0M | $137.0M | $1.97B | $5.64B | $225.0M |
| Total current liabilities | $25.4B | $22.9B | $26.4B | $27.3B | $19.3B |
| Total liabilities | $77.2B | $71.7B | $74.8B | $68.0B | $49.5B |
| Shareholders' equity | -$8.03B | -$9.87B | -$9.45B | -$6.31B | -$8.21B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 6, 2025 | Feb 8, 2024 | Feb 9, 2023 | Feb 10, 2022 |
| Operating cash flow | $12.2B | $12.2B | $9.20B | $10.8B | $12.0B |
| Capital expenditures | $1.57B | $1.44B | $1.32B | $1.08B | $748.0M |
| Free cash flow | $10.7B | $10.8B | $7.88B | $9.73B | $11.2B |
| Depreciation and amortization | $2.00B | $1.79B | $1.40B | – | $998.0M |
| Dividends paid | $8.62B | $8.20B | $7.96B | $7.81B | $7.58B |
| Share buybacks | – | $0 | $0 | $209.0M | $775.0M |
| Investing cash flow | -$3.97B | -$1.09B | -$3.60B | -$15.7B | -$2.36B |
| Financing cash flow | -$8.13B | -$9.48B | -$5.58B | $3.81B | -$12.0B |
| Net change in cash | $638.0M | $1.11B | -$71.0M | -$1.28B | -$2.79B |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 16, 2026 | 1.56B | +0.1% | SEC |
| Jul 17, 2026 | 1.56B | +0.1% | SEC |
| Apr 17, 2026 | 1.56B | +0.1% | SEC |
| Jan 30, 2026 | 1.56B | +0.1% | SEC |
| Oct 17, 2025 | 1.56B | +0.1% | SEC |
| Jul 18, 2025 | 1.56B | +0.1% | SEC |
| Apr 17, 2025 | 1.56B | +0.1% | SEC |
| Jan 31, 2025 | 1.55B | +0.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.