PM
Philip Morris International Inc
NYSE: PM · CONSUMER DEFENSIVE · TOBACCO
$165.07
+1.45% today
Updated 2026-04-29
Market cap
$255.91B
P/E ratio
23.09
P/S ratio
6.17x
EPS (TTM)
$7.11
Dividend yield
3.40%
52W range
$140 – $190
Volume
4.9M
Philip Morris International Inc (PM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.77B | $22.80B | $25.70B | $25.04B | $27.21B | $31.10B | $31.38B | $31.22B | $29.77B | $26.79B | $26.68B | $28.75B | $29.63B | $29.80B | $28.69B | $31.41B | $31.76B | $35.17B | $37.88B | $40.65B |
| Revenue growth (YoY) | — | +9.8% | +12.8% | -2.6% | +8.7% | +14.3% | +0.9% | -0.5% | -4.6% | -10.0% | -0.4% | +7.7% | +3.1% | +0.6% | -3.7% | +9.4% | +1.1% | +10.7% | +7.7% | +7.3% |
| Cost of revenue | $8.15B | $8.72B | $9.33B | $9.02B | $9.71B | $10.68B | $10.37B | $10.41B | $10.44B | $9.37B | $9.39B | $10.43B | $10.76B | $10.51B | $9.57B | $2.81B | $11.40B | $12.89B | $13.33B | $13.37B |
| Gross profit | $12.64B | $14.08B | $16.38B | $16.01B | $17.50B | $20.42B | $21.00B | $20.81B | $19.33B | $17.43B | $17.29B | $18.32B | $18.87B | $19.29B | $19.13B | $5.30B | $20.36B | $22.28B | $24.55B | $27.28B |
| Gross margin | 60.9% | 61.8% | 63.7% | 64.0% | 64.3% | 65.7% | 66.9% | 66.7% | 64.9% | 65.0% | 64.8% | 63.7% | 63.7% | 64.7% | 66.7% | 16.9% | 64.1% | 63.3% | 64.8% | 67.1% |
| R&D | $304.00M | $362.00M | $334.00M | $335.00M | $391.00M | $413.00M | $415.00M | $449.00M | $433.00M | $423.00M | $429.00M | $453.00M | $383.00M | $465.00M | $495.00M | $617.00M | $642.00M | $709.00M | $759.00M | — |
| SG&A | $4.55B | $5.02B | $6.00B | $5.87B | $6.16B | $6.88B | $6.98B | $6.89B | $7.00B | $6.66B | $6.41B | $6.72B | $7.45B | $8.78B | $7.48B | $8.42B | $8.14B | $10.06B | $11.15B | $11.75B |
| Operating income | $8.01B | $8.87B | $10.57B | $10.21B | $11.20B | $13.53B | $13.95B | $13.70B | $11.70B | $10.62B | $10.90B | $11.58B | $11.34B | $10.53B | $11.72B | $2.95B | $12.25B | $11.56B | $13.40B | $14.93B |
| Operating margin | 38.5% | 38.9% | 41.1% | 40.8% | 41.2% | 43.5% | 44.4% | 43.9% | 39.3% | 39.6% | 40.9% | 40.3% | 38.3% | 35.3% | 40.8% | 9.4% | 38.6% | 32.9% | 35.4% | 36.7% |
| EBITDA | $9.23B | $9.64B | $11.31B | $10.94B | $12.19B | $14.48B | $14.85B | $14.47B | $12.67B | $11.47B | $11.71B | $12.46B | $12.52B | $11.63B | $12.66B | $2.93B | $13.48B | $13.37B | $15.75B | $17.46B |
| EBITDA margin | 44.5% | 42.3% | 44.0% | 43.7% | 44.8% | 46.6% | 47.3% | 46.4% | 42.6% | 42.8% | 43.9% | 43.3% | 42.2% | 39.0% | 44.1% | 9.3% | 42.4% | 38.0% | 41.6% | 43.0% |
| EBIT | $8.57B | $8.89B | $10.46B | $10.09B | $11.26B | $13.48B | $13.95B | $13.59B | $11.78B | $10.72B | $10.96B | $11.58B | $11.53B | $10.67B | $11.68B | $2.95B | $12.40B | $11.98B | $13.96B | $15.47B |
| Interest expense | $371.00M | $10.00M | $528.00M | $843.00M | $974.00M | $953.00M | $1.01B | $1.10B | $1.17B | $1.13B | $1.07B | $1.10B | $855.00M | $796.00M | $728.00M | $146.00M | $768.00M | $1.53B | $1.76B | $1.59B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $6.15B | $6.03B | $6.89B | $6.34B | $7.26B | $8.59B | $8.80B | $8.58B | $7.49B | $6.87B | $6.97B | $6.04B | $7.91B | $7.18B | $8.06B | $2.23B | $9.05B | $7.79B | $7.03B | $11.35B |
| Net income growth (YoY) | — | -2.0% | +14.3% | -8.0% | +14.5% | +18.3% | +2.4% | -2.5% | -12.6% | -8.3% | +1.4% | -13.4% | +31.1% | -9.2% | +12.1% | -72.3% | +305.9% | -13.9% | -9.7% | +61.3% |
| Profit margin | 29.6% | 26.4% | 26.8% | 25.3% | 26.7% | 27.6% | 28.0% | 27.5% | 25.2% | 25.7% | 26.1% | 21.0% | 26.7% | 24.1% | 28.1% | 7.1% | 28.5% | 22.1% | 18.6% | 27.9% |