Philip Morris International financials
$193.76+1.72%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.65B | $37.88B | $35.17B | $31.76B | $31.41B | $76.05B | $77.92B | $79.82B | $78.10B | $74.95B |
| Gross profit | $27.28B | $24.55B | $22.28B | $20.36B | $21.38B | $19.13B | $19.29B | $18.87B | $18.32B | $17.29B |
| Gross margin | 67.1% | 64.8% | 63.3% | 64.1% | 68.1% | 25.1% | 24.8% | 23.6% | 23.5% | 23.1% |
| Operating income | $14.89B | $13.40B | $11.56B | $12.22B | $12.86B | $11.57B | $10.44B | $11.34B | $11.50B | $10.81B |
| Net income | $11.32B | $7.03B | $7.79B | $9.02B | $9.08B | $8.04B | $7.17B | $7.89B | $6.02B | $6.95B |
| Net margin | 27.8% | 18.6% | 22.1% | 28.4% | 28.9% | 10.6% | 9.2% | 9.9% | 7.7% | 9.3% |
| Diluted EPS | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 | $5.16 | $4.61 | $5.08 | $3.88 | $4.48 |
| EBITDA | $16.93B | $15.19B | $13.62B | $13.30B | $13.86B | $12.55B | $11.41B | $12.32B | $12.38B | $11.56B |
| Operating cash flow | $12.23B | $12.22B | $9.20B | $10.80B | $11.97B | $9.81B | $10.09B | $9.48B | $8.91B | $8.08B |
| Free cash flow | $10.66B | $10.77B | $7.88B | $9.73B | $11.22B | $9.21B | $9.24B | $8.04B | $7.36B | $6.91B |
| Diluted shares | 1,558.0M | 1,556.0M | 1,553.0M | 1,552.0M | 1,559.0M | 1,558.0M | 1,556.0M | 1,555.0M | 1,553.0M | 1,551.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.87B | $4.22B | $3.06B | $3.21B | $4.50B | $7.28B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $48.84B | $45.70B | $47.91B | $43.12B | $27.81B | $31.54B |
| Total assets | $69.19B | $61.78B | $65.30B | $61.68B | $41.29B | $44.81B |
| Total liabilities | $77.21B | $71.65B | $74.75B | $67.99B | $49.50B | $55.45B |
| Shareholders' equity | -$8.03B | -$9.87B | -$9.45B | -$6.31B | -$8.21B | -$10.63B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology