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Philip Morris International Inc.
PM
182.53 (-1.96%) 3.57
Market cap
$284.49(B)
Earnings date
Oct-21-2026
Category
Sector
Consumer Staples
Industry
Tobacco
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.
EV: $338.37(B)
Total Equity: $-6.66(B)
Debt/Equity: 12187
Dividend/share: $5.9
Div. yield: 3.22%
P/E: 26.23
Forward P/E: 21.78
P/FCF: 22.37
P/S: 6.68
P/B: N/A
EPS: $7.0
EPS (fwd): $8.4
FCF/share: $8.2
Revenue/share: $27.3
Book value/share: $-5.5
ROIC: 19.9%
ROA: 12.9%
ROE:
Margins: Gross | Op. | Net
67.5% | 37.0% | 25.6%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
67%
$61.1
Valuation summary
Min
Max
Average
Median
Valuation comparison
Current price$183
Quality checklist score
4/8
Based on your selected metrics.
5Y Shares Out Change < 0% ROIC > 10% Net Margin > 10% Est. EPS Growth > 5%
Debt/Equity < 1 Current Ratio > 1 Quick Ratio > 1 Past Net Income CAGR > 0%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$42.55(B)
Gross profit$28.71(B)
EBITDA$18.02(B)
Net income$10.87(B)
Gross margin67.5%
Operating margin37.0%
Net margin25.6%
Shares outstanding1.56(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$68.27(B)
Current assets$26.01(B)
Total liabilities$74.93(B)
Current liabilities$26.54(B)
Cash & Short-term inv.$6.00(B)
Long-term debt$42.29(B)
Total intangibles$27.09(B)
PP&E$8.31(B)

Cash flow (TTM)

CFOCFICFF
FCF$12.72(B)
CapEx$-1.54(B)
Dividends paid$-9.01(B)
Stock issued$0
Stock repurchased$0
Stock-based comp.$263.00(M)
Debt issued$6.85(B)
Debt repaid$-8.92(B)

Per share data (TTM)

Price
Price
$183
Income
Revenue
$27.36.7x|15.0%
Gross profit
$18.49.9x|10.1%
Earnings (EPS)
$6.9626.2x|3.8%
Cash flow
FCF
$8.1622.4x|4.5%
Stock-based comp.
$0.171081.7x|0.1%
CapEx
$0.99184.5x|0.5%
Dividend
$5.8831.0x|3.2%
Balance sheet
Total assets
$43.84.2x|24.0%
Total liabilities
$48.13.8x|26.3%
Book value
-$5.51-33.1x|-3.0%
Cash & ST inv.
$3.8547.4x|2.1%
Debt
$27.16.7x|14.9%
Forward earnings
EPS FY+1
$8.3821.8x|4.6%
EPS FY+2
$9.1719.9x|5.0%
EPS FY+3
$9.9918.3x|5.5%
EPS FY+4
$11.016.6x|6.0%
EPS FY+5
$11.915.4x|6.5%

Summary

PM Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

DCF (simple)
DCF (exit mult.)
DDM
EPS growth
Revenue growth
Peter Lynch FV
Graham No.

PEvaluation

CURRENT PRICE
$183
67% Overvalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+18.38.48.615
FY+28.89.29.516
FY+39.610.010.211
FY+410.911.011.14
FY+511.711.912.34

Analyst Price Targets

CURRENT PRICE
$183
15% Undervalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy4
Buy8
Hold4
Sell0
Strong Sell0

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR4.6%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$42.55(B)
FY+1
13
2%
$43.45(B)
FY+2
14
6%
$45.98(B)
FY+3
11
6%
$48.72(B)
FY+4
4
4%
$50.83(B)
FY+5
4
5%
$53.24(B)

Net Income

CAGR10.3%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$10.87(B)
FY+1
9
20%
$13.07(B)
FY+2
11
9%
$14.22(B)
FY+3
8
8%
$15.41(B)
FY+4
1
9%
$16.84(B)
FY+5
1
5%
$17.76(B)

EPS

CAGR11.3%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$6.96
FY+1
15
20%
$8.38
FY+2
16
9%
$9.17
FY+3
11
9%
$9.99
FY+4
4
10%
$10.97
FY+5
4
8%
$11.89

Historical Financials (in USD)

Income(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.010.0(B)20.0(B)30.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.020.0(B)40.0(B)60.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.01.02.03.04.05.06.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.010.020.030.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%10%20%30%40%50%60%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%10%20%30%40%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0200.0(M)400.0(M)600.0(M)800.0(M)1.0(B)1.2(B)1.4(B)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.050.0(B)100.0(B)150.0(B)200.0(B)250.0(B)
Market Cap.

PM vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.16%
Institutions: 84.40%
Other: 15.44%

Institutional ownership

8.56% Capital World Investor...6.93% Blackrock Inc.6.49% Vanguard Capital Manag...5.12% Capital Research Globa...4.67% Capital International ...3.57% State Street Corporati...3.31% JPMORGAN CHASE & CO3.21% GQG Partners LLC2.87% FMR, LLC2.47% Geode Capital Manageme...37.20% Others

Trading Summary

In the past year, insiders have sold a net of $28.82(M).

Total insider buys: $0.00
Total insider sells: $28.82(M)

In the past year, Congress members have bought a net of $98000.

Total congressional buys (avg): $178504
Total congressional sells (avg): $80504

Based on the reported ranges: buys $77007–$280000, sells $21007–$140000.

Insider transactions

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$28.82(M)2026-02$0.00
$0.002026-01$0.00
$0.002025-12$0.00
$0.002025-11$0.00
$0.002025-10$0.00
DateSharesTotal ($)Price ($)NameTitle
Grant2026-05-061,119190,152169.9HOOK LISA A.Director
Grant2026-05-061,119190,152169.9CALANTZOPOULOS ANDREChairman of the Board
Grant2026-05-061,119190,152169.9HARKER VICTORIA DDirector
Grant2026-05-061,119190,152169.9GEISSLER WERNERDirector
Grant2026-05-061,119190,152169.9BOUGH BONINDirector
Grant2026-05-061,119190,152169.9MORPARIA KALPANADirector
Grant2026-05-061,119190,152169.9YANAI SHLOMODirector
Grant2026-05-061,119190,152169.9COMBES MICHELDirector
Grant2026-05-061,119190,152169.9POLET ROBERTDirector
Sell2026-02-2014,3502,627,916183.1KENNEDY STACEYOfficer
Sell2026-02-206,0001,100,880183.5DOBROWOLSKI REGINALDOOfficer
Sell2026-02-1920,0003,651,600182.6DE WILDE FREDERIC JOfficer
Sell2026-02-1980,00014,574,400182.2OLCZAK JACEKOfficer and Director
Sell2026-02-1933,8006,138,418181.6BABEAU EMMANUELOfficer
Sell2026-02-194,000726,760181.7GUERIN YANNOfficer
Grant2026-02-06171,0395,786,23833.8OLCZAK JACEKOfficer and Director
Grant2026-02-0633,0791,839,97555.6DE WILDE FREDERIC JOfficer
Grant2026-02-066,538466,91171.4DOBROWOLSKI REGINALDOOfficer
Grant2026-02-068,280873,296105.5GUERIN YANNOfficer
Grant2026-02-0661,3861,961,02631.9BABEAU EMMANUELOfficer
Grant2026-02-0616,210766,08047.3KENNEDY STACEYOfficer
Grant2026-02-0540,05200.0CALANTZOPOULOS ANDREChairman of the Board

Congressional trading

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$0.002026-01$32501
$80012025-12$0.00
$485022025-11$0.00
$160012025-10$8001
DatePoliticianPartyChamberAmount ($)
Buy2026-01-13Ro KhannaDHouse$15,001 - $50,000
Sell2025-12-18Julie JohnsonDHouse$1,001 - $15,000
Sell2025-11-13Julie JohnsonDHouse$1,001 - $15,000
Sell2025-11-10Ro KhannaDHouse$15,001 - $50,000
Sell2025-11-03Ro KhannaDHouse$1,001 - $15,000
Sell2025-10-30Ro KhannaDHouse$1,001 - $15,000
Sell2025-10-30Ro KhannaDHouse$1,001 - $15,000
Buy2025-10-07Ro KhannaDHouse$1,001 - $15,000
Buy2025-09-29Ro KhannaDHouse$1,001 - $15,000
Buy2025-09-05Ro KhannaDHouse$15,001 - $50,000
Buy2025-08-26Ro KhannaDHouse$15,001 - $50,000
Buy2025-08-26Ro KhannaDHouse$15,001 - $50,000
Buy2025-08-26Ro KhannaDHouse$15,001 - $50,000
Sell2025-08-14Julie JohnsonDHouse$1,001 - $15,000

Tools

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The Required Investment Calculator helps you determine the amount of money you need to invest in a stock to achieve a desired dividend.

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Future Dividend Yield

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The Future Yield Calculator helps you estimate the future dividend yield of a stock based on its current dividend, price, and expected dividend growth rate.

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Future Dividend Income

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What is the Future Dividend Income Calculator?

The Future Dividend Income Calculator helps you estimate the future dividend income from your investments based on the current dividend yield and expected growth rate.

How to Use This Calculator?

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