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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $40.6B | $17.5B | $11.3B | $10.7B | -113.5% | 7.3% | 60.8% |
| 2024 | $37.9B | $15.7B | $7.1B | $10.8B | -60.1% | 7.7% | -9.7% |
| 2023 | $35.2B | $13.4B | $7.8B | $7.9B | -69.6% | 10.7% | -13.6% |
| 2022 | $31.8B | $13.5B | $9.0B | $9.7B | -101.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 31,762 | 35,174 | 37,878 | 40,648 |
| Cost Of Revenue | - | 11,402 | 12,893 | 13,329 | 13,366 |
| Gross Profit | - | 20,360 | 22,281 | 24,549 | 27,282 |
| Operating Expense | - | 8,114 | 10,060 | 11,147 | 12,349 |
| Operating Income | - | 12,246 | 12,221 | 13,402 | 14,933 |
| EBITDA | - | 13,479 | 13,374 | 15,749 | 17,463 |
| EBIT | - | 12,402 | 11,976 | 13,962 | 15,467 |
| Pretax Income | - | 11,634 | 10,450 | 12,199 | 13,880 |
| Tax Provision | - | 2,244 | 2,339 | 3,017 | 2,737 |
| Net Income | - | 9,048 | 7,813 | 7,057 | 11,348 |
| Net Income Common Stockholders | - | 9,024 | 7,791 | 7,034 | 11,316 |
| Total Expenses | - | 19,516 | 22,953 | 24,476 | 25,715 |
| Interest Expense | - | 768 | 1,526 | 1,763 | 1,587 |
| Interest Income | - | 180 | 465 | 620 | 621 |
| Selling General And Administration | - | 8,114 | 10,060 | 11,147 | 12,349 |
| Normalized EBITDA | - | 13,479 | 14,039 | 15,749 | 17,504 |
| Normalized Income | - | 9,048 | 8,329.15 | 9,373 | 11,380.92 |
| Market Cap | 255,911 | 255,911 | 255,911 | 255,911 | 255,911 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Philip Morris International Inc.this co. | PM | - | 22.55 | -25.61 | -113.5% | 17.17 |
| Church & Dwight Co., Inc. | CHD | $23.0B | 30.55 | 5.62 | 18.4% | 18.70 |
| Tyson Foods, Inc. | TSN | $22.1B | 47.56 | 1.25 | 2.6% | 11.69 |
| Dollar Tree, Inc. | DLTR | $21.4B | 15.96 | 5.45 | 34.2% | 11.34 |
| Bunge Global SA | BG | $20.6B |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 29.67 |
| 1.52 |
| 5.1% |
| 15.79 |
| General Mills, Inc. | GIS | $19.5B | 8.13 | 2.03 | 24.9% | 8.56 |
| McCormick & Company, Incorporated | MKC | $13.8B | 17.55 | 2.41 | 13.8% | 13.37 |
| Brown-Forman Corporation | BF-B | $13.4B | 14.94 | 3.25 | 21.8% | 11.84 |
| Hormel Foods Corporation | HRL | $11.8B | 24.80 | 1.50 | 6.1% | 13.97 |
| Peer Median | - | 21.17 | 2.22 | 16.1% | 12.61 | |