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MARKETS / NYSE / Consumer staples / Tobacco / PM
NYSE · CIGARETTES · LARGE CAP

Philip Morris International Inc. PM

19 fiscal years on record · USD · FY2025 reported · SEC filings only
17 YEARS OF DIVIDEND GROWTH
$40.6B
▲ 7.3% YoY
$11.3B
▲ 60.8% YoY
$10.7B
▼ 1.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Philip Morris International sells cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Its portfolio comprises international and local brands and is led by Marlboro, which accounted for approximately 43% of total 2025 cigarette shipment volume. The company's cigarettes are sold in approximately 170 markets. As of December 31, 2025, its smoke-free products were available for sale in 106 markets. It employed approximately 84,900 people worldwide at the end of 2025, including full-time, temporary and part-time staff. In 2025, sales to a distributor in the Europe Region and a distributor in the EA, AU & PMI GTR Region each amounted to 10 percent or more of consolidated net revenues. The company was organized in four geographical segments as of December 31, 2025. Philip Morris International Inc. is a Virginia holding company incorporated in 1987.

Written from the business description in Philip Morris International Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 February 2026. Every sentence was checked against that document before publication.

Growth

USD 40.6B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 40.6 · Net income 11.3
30B60B
2007201020132016201920222025
Compound annual growth
+8.6%
+7.2%
−5.8%
−3.3%
+7.8%
+7.1%
+5.1%
+3.0%
+7.7%
+7.1%
+5.1%
+4.2%
+3.8%
+3.5%
+3.4%
+5.7%
+2.4%
+3.2%
+3.2%
−0.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.2% a year over the five years to FY2025 — but profit grew slower: net income at +7.1%, earnings per share at +7.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

29 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 36.6% · Net 29.1%
20%40%
200720162025
ROE
FY2011 · ROE 460.0%
200%400%
200720162025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Gross margin67.1%
Operating margin36.6%
Net margin29.1%
EBITDAUSD 16.9B

Return on equity has no reading this year — return on capital employed, just below, still does: 36%.

Cash & shareholders

USD 8.6B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 10.7
5B10B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 8.6 · Net buybacks ·
5B10BDividendsNet buybacks
2007201020132016201920222025
Dividends paidUSD 8.6B
Net buybacks·
Share of profit76.0%
Consecutive raises17 years

USD 8.6B in dividends — 76% of the year's profit went back to shareholders.

Total assetsUSD 69.2B
EquityUSD -10.0B
CashUSD 4.9B
Gross debtUSD 45.3B
Net debtUSD 40.4B
Current ratio0.96×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
PM, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B40.637.935.231.831.428.729.829.628.726.773.980.180.077.476.367.762.163.655.2
Operating income $B14.913.411.612.213.011.710.511.411.610.910.611.713.513.913.311.210.010.28.9
EBITDA $B16.915.213.013.314.012.611.412.312.411.611.312.514.314.714.212.010.811.0◌
Income tax $B2.73.02.32.22.72.42.32.44.32.82.73.13.73.83.72.82.72.82.6
Net income $B11.37.17.89.09.18.17.27.96.07.06.97.58.68.88.67.36.36.96.0
Free cash flow $B10.710.87.99.711.29.29.28.07.46.96.96.68.98.49.68.77.26.84.5
EPS, diluted $7.264.525.025.815.835.164.615.083.884.484.424.765.265.174.853.923.243.312.86
Dividend / sh $5.645.305.145.044.904.744.624.494.224.124.043.883.583.242.822.442.241.54◌
Payout %76116102868391100871089291816761566168300
ROE %——————————————460.0157.496.058.637.7
Shares out B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌1.801.892.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Philip Morris International Inc.vsAltria Group, Inc.Same industry: CigarettesPhilip Morris International Inc.vsTurning Point Brands, Inc.Same industry: CigarettesPhilip Morris International Inc.vs22nd Century Group, Inc.Same industry: CigarettesPhilip Morris International Inc.vsIspire Technology Inc.Same industry: Cigarettes
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Provenance

Company facts, as filed

How we verify · 0 failures in 92 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCigarettes
Listed onNYSE
Incorporated inVirginia
Fiscal year endsDecember 31
Data on record since2007

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