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PHILIP MORRIS INTERNATIONAL INC.

CIK: 1413329 SIC: 2111
$40.65B
Revenue
$11.35B
Net Income
67.12%
Gross Margin
36.64%
Op. Margin
$12.21B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 17 of 17 annual reports available (2009 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
+ Total Revenue $40.65B $40.65B $37.88B $35.17B $31.76B $31.41B $28.69B $29.80B $29.62B $28.75B $26.68B $73.91B $80.11B $80.03B $77.39B $76.35B $67.71B $62.08B
Revenue Growth % 0.0% 7.3% 7.7% 10.7% 1.1% 9.4% -3.7% 0.6% 3.1% 7.7% -63.9% -7.7% 0.1% 3.4% 1.4% 12.7% 9.1% nan%
Cost of Revenue $13.37B $13.37B $13.33B $12.89B $11.40B $10.03B $9.57B $10.51B $10.76B $10.43B $9.39B $9.37B $10.44B $10.41B $10.37B $10.68B $9.71B $9.02B
+ Gross Profit $27.28B $27.28B $24.55B $22.28B $20.36B $21.38B $19.12B $19.29B $18.87B $18.32B $17.29B $17.43B $19.33B $20.81B $21.00B $20.42B $17.50B $16.01B
Gross Margin % 67.1% 67.1% 64.8% 63.3% 64.1% 68.1% 66.7% 64.7% 63.7% 63.7% 64.8% 23.6% 24.1% 26.0% 27.1% 26.7% 25.8% 25.8%
Research & Development - $756.00M $759.00M $709.00M - - - - - - - - - - - - - -
+ Operating Income $14.89B $14.89B $13.40B $11.56B $12.25B $12.97B $11.67B $10.53B $11.38B $11.50B $10.81B $10.62B $11.70B $13.52B $13.85B $13.33B $11.20B $10.04B
Operating Margin % 36.6% 36.6% 35.4% 32.9% 38.6% 41.3% 40.7% 35.3% 38.4% 40.0% 40.5% 14.4% 14.6% 16.9% 17.9% 17.5% 16.5% 16.2%
Interest Expense - $1.69B $1.56B $1.34B $717.00M $716.00M $728.00M $800.00M $882.00M $1.05B $1.05B $1.04B $1.07B $978.00M $986.00M $963.00M $912.00M $743.00M
Interest Income - $621.00M $620.00M $465.00M - - - - - - - - - - - - - -
Income Before Tax $13.88B $13.88B $12.20B $10.45B $11.63B $12.23B $10.95B $9.87B $10.67B $10.59B $9.92B $9.62B $10.65B $12.54B $12.99B $12.53B $10.32B $9.24B
Income Tax Expense $2.74B $2.74B $3.02B $2.34B $2.24B $2.67B $2.38B $2.29B $2.44B $4.31B $2.77B $2.69B $3.10B $3.67B $3.83B $3.65B $2.83B $2.69B
+ Net Income $11.35B $11.35B $7.06B $7.81B $9.05B $9.11B $8.06B $7.18B $7.91B $6.04B $6.97B $6.87B $7.49B $8.58B $8.80B $8.59B $7.26B $6.34B
Net Margin % 27.9% 27.9% 18.6% 22.2% 28.5% 29.0% 28.1% 24.1% 26.7% 21.0% 26.1% 9.3% 9.4% 10.7% 11.4% 11.3% 10.7% 10.2%
Basic EPS 7.27 7.27 4.53 5.02 5.82 5.83 5.16 4.61 5.08 3.88 4.48 4.42 4.76 5.26 5.17 4.85 3.93 3.25
Diluted EPS 7.27 7.26 4.52 5.02 5.81 5.83 5.16 4.61 5.08 3.88 4.48 4.42 4.76 5.26 5.17 4.85 3.92 3.24
Basic Shares Outstanding - 1.56B 1.55B 1.55B - - - - - - - - - - - - - -
Diluted Shares Outstanding - 1.56B 1.56B 1.55B - - - - - - - - - - - - - -
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Cash & Cash Equivalents $4.87B $4.22B $3.06B $3.21B $4.50B $7.28B $6.86B $6.59B $8.45B $4.24B $3.42B $1.68B $2.15B $2.98B $2.55B $1.70B $1.54B
Accounts Receivable $4.57B $3.79B $3.46B $3.85B $3.12B $2.90B $3.08B $2.95B $3.74B $3.50B $2.78B $4.00B $3.85B $3.59B $3.20B $3.01B $3.10B
Inventory $11.48B $9.45B $10.77B $9.89B $8.72B $9.59B $9.23B $8.80B $8.81B $9.02B $8.47B $8.59B $9.85B $8.95B $8.12B $8.32B $9.21B
Other Current Assets $2.20B $1.83B $1.53B $1.77B $561.00M $860.00M $701.00M $481.00M $603.00M $853.00M $648.00M $673.00M $497.00M $619.00M $591.00M $356.00M $532.00M
Total Current Assets $24.36B $20.17B $19.75B $19.62B $17.72B $21.49B $20.51B $19.44B $21.59B $17.61B $15.80B $15.48B $16.85B $16.59B $14.86B $13.76B $14.68B
Property Plant & Equipment - - - - - $6.37B $6.63B $7.20B $7.27B $6.06B $5.72B $6.07B $6.75B $6.64B $6.25B $6.50B $6.39B
Goodwill $17.26B $16.60B $16.78B $19.66B $6.68B $5.96B $5.86B $7.19B $7.67B $7.32B $7.42B $8.39B $8.89B $9.90B $9.93B $10.16B $9.11B
Intangible Assets $10.88B $11.33B $9.86B $6.73B $2.82B $2.02B $2.11B $2.28B $2.43B $2.47B $2.62B $2.98B $3.19B $3.62B $3.70B $3.87B $3.55B
Long-term Investments $2.89B $2.65B $4.93B $4.43B $4.46B $4.80B $4.63B - - - - - - - - - -
Other Non-current Assets $4.14B $2.78B $5.65B $3.93B $2.55B $2.77B $1.97B $1.45B $1.92B $1.51B $1.50B $1.18B $939.00M $916.00M $754.00M $761.00M $822.00M
Total Assets $69.19B $61.78B $65.30B $61.68B $41.29B $44.81B $42.88B $39.80B $42.97B $36.85B $33.96B $35.19B $38.17B $37.67B $35.49B $35.05B $34.55B
Accounts Payable $4.41B $3.95B $4.14B $4.08B $3.33B $2.78B $2.30B $2.07B $2.24B $1.67B $1.29B $1.24B $1.27B $1.10B $1.03B $835.00M $670.00M
Short-term Debt $168.00M $137.00M $1.97B $5.64B $225.00M $244.00M $338.00M $730.00M $499.00M $643.00M $825.00M $1.21B $2.40B $2.42B $1.51B $1.75B $1.66B
Total Current Liabilities $25.43B $22.91B $26.38B $27.34B $19.25B $19.61B $18.83B $17.19B $15.96B $16.47B $15.39B $15.11B $17.07B $17.02B $14.79B $12.80B $11.18B
Long-term Debt $45.13B $42.17B $41.24B $34.88B $24.78B $28.17B $26.66B $26.98B $31.33B $25.85B $25.25B $26.93B $24.02B $17.64B $14.83B $13.37B $13.67B
Deferred Tax Liabilities $2.06B $2.52B $2.33B $1.96B $726.00M $684.00M $908.00M $898.00M $799.00M $1.90B - - - - - - -
Other Non-current Liabilities $2.18B $1.12B - - - - - - - $736.00M $687.00M $598.00M $563.00M $419.00M $462.00M $467.00M $609.00M
Total Liabilities $77.21B $71.65B $74.75B $67.99B $49.50B $55.45B $52.47B $50.54B $53.20B $47.75B $45.43B $46.39B $44.44B $39.52B $33.73B $29.93B $28.41B
Common Stock - - - - - - - - - - - - - - - - -
Retained Earnings $35.40B $32.87B $34.09B $34.29B $33.08B $31.64B $30.99B $31.01B $29.86B $30.40B $29.84B $29.25B $27.84B $25.08B $21.76B $18.13B $15.36B
Treasury Stock $35.55B $35.64B $35.78B $35.92B $35.84B $35.13B $35.22B $35.30B $35.38B $35.49B $35.61B $35.76B $32.14B $26.28B $19.90B $14.71B $10.23B
Total Stockholders Equity $-9.99B $-11.75B $-11.22B $-8.96B $-10.11B $-12.57B $-11.58B $-12.46B $-12.09B $-12.69B $-13.24B $-12.63B $-7.77B $-3.48B $229.00M $3.51B $5.72B
Total Liabilities & Equity $69.19B $61.78B $65.30B $61.68B $41.29B $44.81B $42.88B $39.80B $42.97B $36.85B $33.96B $35.19B $38.17B $37.67B $35.49B $35.05B $34.55B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Net Income $11.35B $11.35B $7.06B $7.81B $9.05B $9.11B $8.06B $7.18B $7.91B $6.04B $6.97B $6.87B $7.49B $8.58B $8.80B $8.59B $7.26B $6.34B
Depreciation & Amortization - $2.00B $1.79B $1.40B $1.08B $998.00M $981.00M $964.00M $989.00M $875.00M $743.00M $754.00M $889.00M $882.00M $898.00M $993.00M $932.00M $853.00M
Deferred Income Tax $-1.19B $-847.00M $-123.00M $-330.00M $-234.00M $-17.00M $-143.00M $-141.00M $-100.00M $-501.00M $182.00M $-18.00M $-62.00M $-28.00M $-248.00M $15.00M $101.00M $129.00M
Change in Receivables $2.11B $448.00M $738.00M $-314.00M $871.00M $198.00M $-26.00M $331.00M $-53.00M $92.00M $1.01B $-647.00M $463.00M $449.00M $398.00M $251.00M $-123.00M $187.00M
Change in Inventory $1.95B $1.20B $-552.00M $862.00M $1.29B $-549.00M $165.00M $548.00M $613.00M $-730.00M $695.00M $841.00M $-105.00M $1.41B $728.00M $36.00M $-1.07B $-660.00M
Change in Payables $-30.00M $258.00M $297.00M $-288.00M $719.00M $653.00M $406.00M $451.00M $-51.00M $425.00M $373.00M $310.00M $177.00M $103.00M $10.00M $199.00M $-72.00M $-116.00M
Operating Cash Flow $14.95B $12.23B $12.22B $9.20B $10.80B $11.97B $9.81B $10.09B $9.48B $8.91B $8.08B $7.87B $7.74B $10.13B $9.42B $10.53B $9.44B $7.88B
Capital Expenditure $2.73B $1.57B $1.44B $1.32B $1.08B $748.00M $602.00M $852.00M $1.44B $1.55B $1.17B $960.00M $1.15B $1.20B $1.06B $897.00M $713.00M $715.00M
Acquisitions - - - - $13.98B $2.11B - - - - - - $110.00M - - $80.00M $83.00M $429.00M
Investing Cash Flow $-7.15B $-3.97B $-1.09B $-3.60B $-15.68B $-2.36B $-1.15B $-1.81B $-998.00M $-3.01B $-968.00M $-708.00M $-996.00M $-2.68B $-992.00M $-1.03B $-710.00M $-1.10B
Debt Repayment $7.76B $5.37B $4.80B $2.55B $2.72B $3.04B $4.00B $4.00B $2.48B $2.55B $2.39B $1.23B $1.24B $2.74B $2.24B $1.48B $183.00M $101.00M
Stock Issued - - - - - - - - - - - - - - $1.00M $75.00M $229.00M $177.00M
Stock Repurchased - - - - $209.00M $775.00M - - - - - $48.00M $3.83B $5.96B $6.53B $5.37B $5.03B $5.62B
Dividends Paid $14.96B $8.62B $8.20B $7.96B $7.81B $7.58B $7.36B $7.16B $6.88B $6.52B $6.38B $6.25B $6.04B $5.72B $5.40B $4.79B $4.42B $4.33B
Financing Cash Flow $-8.35B $-8.13B $-9.48B $-5.58B $3.81B $-11.98B $-8.50B $-8.06B $-9.65B $-2.77B $-5.41B $-4.74B $-6.84B $-8.21B $-8.10B $-8.34B $-8.58B $-6.91B
Net Change in Cash $782.00M $638.00M $1.11B $-71.00M $-1.28B $-2.79B $420.00M $245.00M $-1.86B $4.14B $865.00M $1.74B $-472.00M $-829.00M $433.00M $847.00M $163.00M $9.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $10.85B $9.91B $30.29B $28.17B
Cost of Revenue $3.49B $3.37B $9.81B $9.91B
Gross Profit $7.36B $6.54B $20.48B $18.27B
Operating Income $4.26B $3.65B $11.52B $10.14B
Income Before Tax $4.02B $3.45B $10.73B $9.28B
Income Tax Expense $751.00M $735.00M $2.06B $2.15B
Net Income $3.48B $3.08B $9.21B $7.64B
Basic EPS 2.23 1.98 5.90 4.90
Diluted EPS 2.23 1.97 5.89 4.89
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $4.04B $4.22B
Accounts Receivable $4.80B $3.79B
Inventory $10.27B $9.45B
Other Current Assets $2.54B $1.83B
Total Current Assets $22.66B $20.17B
Goodwill $17.18B $16.60B
Intangible Assets $11.15B $11.33B
Long-term Investments $3.13B $2.65B
Other Non-current Assets $3.76B $2.78B
Total Assets $67.06B $61.78B
Accounts Payable $3.98B $3.95B
Short-term Debt $1.88B $137.00M
Total Current Liabilities $26.72B $22.91B
Long-term Debt $41.86B $42.17B
Deferred Tax Liabilities $2.00B $2.52B
Other Non-current Liabilities $2.24B $1.12B
Total Liabilities $76.05B $71.65B
Common Stock - -
Retained Earnings $35.56B $32.87B
Treasury Stock $35.55B $35.64B
Total Stockholders Equity $-10.91B $-11.75B
Total Liabilities & Equity $67.06B $61.78B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $3.48B $3.08B $9.21B $7.64B
Deferred Income Tax - - $-433.00M $20.00M
Change in Receivables - - $709.00M $987.00M
Change in Inventory - - $48.00M $-1.26B
Change in Payables - - $-28.00M $-261.00M
Operating Cash Flow - - $7.52B $8.21B
Capital Expenditure - - $1.12B $1.17B
Investing Cash Flow - - $-3.54B $-1.53B
Debt Repayment - - $2.32B $2.38B
Dividends Paid - - $6.33B $6.09B
Financing Cash Flow - - $-4.55B $-5.38B
Net Change in Cash - - $-193.00M $1.16B

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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