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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Philip Morris International's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$31.41 B | $31.76 B | $35.17 B | $37.88 B | $40.60 B |
| Cost of Revenue |
|
$10.03 B | $11.40 B | $12.89 B | $13.33 B | $13.63 B |
| Gross Profit |
|
$21.38 B | $20.36 B | $22.28 B | $24.55 B | $26.97 B |
| Research & Development |
|
$617.00 M | - | - | $759.00 M | - |
| Selling,General & Administrative |
|
$8.40 B | $8.11 B | $10.06 B | $11.15 B | $11.75 B |
| Operating Expense |
|
$8.40 B | $8.11 B | $10.73 B | $11.15 B | $11.75 B |
| Operating Income |
|
$12.97 B | $12.25 B | $11.56 B | $13.40 B | $15.21 B |
| Net Income |
|
$9.11 B | $9.05 B | $7.79 B | $7.03 B | $11.50 B |
Philip Morris International's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$4.50 B | $3.21 B | $3.06 B | $4.22 B | $4.87 B |
| Inventories |
|
$8.72 B | $9.89 B | $10.77 B | $9.45 B | - |
| Total Current Assets |
|
$17.72 B | $19.62 B | $19.76 B | $20.17 B | $24.36 B |
| Property,Plant and Equipment |
|
$6.17 B | $6.71 B | $7.52 B | $7.31 B | $8.40 B |
| Goodwill |
|
$6.68 B | $19.66 B | $16.78 B | $16.60 B | $17.26 B |
| Total Assets |
|
$41.29 B | $61.68 B | $65.30 B | $61.78 B | $69.19 B |
| Total Liabilities |
|
$49.50 B | $67.99 B | $74.75 B | $71.65 B | $77.21 B |
| Retained Earnings |
|
$33.08 B | $34.29 B | $34.09 B | $32.87 B | - |
| Total Shareholder Equity |
|
-$10.11 B | -$8.96 B | -$11.23 B | -$11.75 B | -$9.99 B |
| Common Stock |
|
- | - | - | - | - |
Philip Morris International's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$998.00 M | $1.08 B | $1.40 B | $1.79 B | - |
| Dividends Payout |
|
-$7.58 B | -$7.81 B | -$7.96 B | -$8.20 B | - |
| Capital Expenditures (Capex) |
|
-$748.00 M | -$1.08 B | -$1.32 B | -$1.44 B | - |
| Free Cash Flow (FCF) |
|
$11.22 B | $9.73 B | $7.88 B | $10.77 B | $12.23 B |
Philip Morris International's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$21.38 B | $20.36 B | $22.28 B | $24.55 B | $26.97 B |
| Gross Profit Margin (%) |
|
68.06% | 64.10% | 63.35% | 64.81% | 66.42% |
| Operating Income |
|
$12.97 B | $12.25 B | $11.56 B | $13.40 B | $15.21 B |
| Operating Income Margin (%) |
|
41.31% | 38.56% | 32.85% | 35.38% | 37.47% |
| Net Income |
|
$9.11 B | $9.05 B | $7.79 B | $7.03 B | $11.50 B |
| Net Income Margin (%) |
|
29.00% | 28.49% | 22.15% | 18.57% | 28.34% |
| EBITDA |
|
$13.97 B | $13.48 B | $13.37 B | $15.75 B | $17.08 B |
| EBITDA Margin (%) |
|
44.47% | 42.44% | 38.02% | 41.58% | 42.07% |
Philip Morris International's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
-90.13% | -101.02% | -69.41% | -59.86% | -143.30% |
| Return on Assets (ROA) |
|
22.06% | 14.67% | 11.93% | 11.38% | 16.63% |
| Debt to Equity |
|
-275.14% | -481.44% | -426.81% | -388.89% | -488.64% |
| Debt to total asset |
|
67.34% | 69.91% | 73.36% | 73.96% | 70.59% |
| Enterprise value to revenue |
|
5.46 | 6.20 | 5.43 | 6.03 | 6.94 |
| Enterprise value to EBITDA |
|
12.27 | 14.60 | 14.27 | 14.51 | 16.49 |
| Enterprise value |
|
$171.32 B | $196.79 B | $190.86 B | $228.50 B | $281.73 B |
| Tax Rate (%) |
|
21.57% | 19.06% | 22.05% | 19.51% | 18.54% |





