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Philip Morris International Inc. PM

NYSE · stock · Cigarettes · website · IPO 2008-03-17 · LEI

Philip Morris International Inc. statistics & valuation

Market cap$281.7B
P / E24.8×
P / S6.9×
P / FCF26.4×
Dividend yield3.06%
Net margin27.9%
FCF margin26.2%
Return on capital34%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.30% 7.70% 9.90% 9.20% 10.60% 11.10% 11.20% 22.20% 18.60% 27.90% 2016201720182019202020212022202320242025
Gross margin (%)
23.10% 23.50% 23.60% 24.80% 25.10% 26.00% 25.20% 63.30% 64.80% 67.10% 2016201720182019202020212022202320242025
Operating margin (%)
14.50% 14.80% 14.30% 13.50% 15.30% 15.80% 15.20% 32.90% 35.40% 36.60% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
1.55B 1.55B 1.55B 1.56B 1.56B 1.56B 1.55B 1.55B 1.56B 1.56B 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
18.90% 14.00% 19.90% 16.80% 18.00% 22.10% 14.70% 12.00% 11.40% 16.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.20% 9.40% 10.10% 11.90% 12.10% 13.60% 12.10% 22.40% 28.40% 26.20% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$4.48 $3.88 $5.08 $4.61 $5.16 $5.83 $5.81 $5.02 $4.52 $7.26 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Philip Morris International Inc. trades at about 25.6× earnings — above its 10-year norm (10-year range 15.1×–28.8×, median 18.1×).

15.1× 28.8×

Shaded band = 10-year range (15.1×–28.8×); dot = today's 25.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin67.1%64.8%63.3%25.2%26.0%25.1%24.8%23.6%23.5%23.1%
Operating margin36.6%35.4%32.9%15.2%15.8%15.3%13.5%14.3%14.8%14.5%
Net margin27.9%18.6%22.2%11.2%11.1%10.6%9.2%9.9%7.7%9.3%
FCF margin26.2%28.4%22.4%12.1%13.6%12.1%11.9%10.1%9.4%9.2%
Return on assets16.4%11.4%12.0%14.7%22.1%18.0%16.8%19.9%14.0%18.9%
Return on equity-113.5%-60.1%-69.6%-101.0%-90.1%-64.1%-62.1%-63.5%-49.9%-54.9%
Current ratio0.960.880.750.720.921.101.091.131.351.07

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.