Value Sense
PM
Philip Morris International Inc. (PM)
Last Price$158.82.3%
Market Cap$244.8B
LTM Revenue
$37.8B
+7.5% YoY
LTM Net Income
$7,057.0M
-9.7% YoY
LTM Net Debt
$41.5B
Net Debt to FCF - 3.9x
LTM Free Cash Flow (FCF)
$10.8B
28.5% margin

PM Income Statement

PM Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Revenue
$37.9B 7.7% YoY
Gross profit
$24.5B 10.2% YoY
64.8% margin
Cost of revenue
$13.3B 3.4% YoY
Operating income
$13.4B 5.6% YoY
35.4% margin
Other: $60.0M
Net interest: $1,143.0M
Operating expenses
$11.1B 4.9% YoY
Pre-tax income
$12.2B 15.0% YoY
32.2% margin
Net income
$7,057.0M (9.4%) YoY
18.6% margin
Income tax
$2,380.0M
19.5% tax rate
SG&A
$11.1B 10.3% YoY
29.4% of revenue

PM Income statement key metrics

Annual
Quarterly
LTM

Revenue

$37.9B +7.7% YoY

Operating Income

$13.4B +5.6% YoY

Net Income

$7.1B -9.4% YoY

PM Balance Sheet

PM Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$61.8B
Current assets ($20.2B, 32.6% of total)
Cash & ST investments
$4,216.0M (6.8%)
Accounts receivables
$4,675.0M (7.6%)
Other current assets
$11.3B (18.3%)
Non-current assets ($41.6B, 67.4% of total)
Long-term investments
$2,654.0M (4.3%)
Intangible assets
$11.3B (18.3%)
Other non-current assets
$20.3B (32.9%)
Financial position
Net Debt
$41.5B
$4,216.0M$45.7B
Cash & Short-term Investments
Total Debt
Quick ratio
0.4x
Net Debt to Free Cash Flow
3.4x
Debt to Equity ratio
(463.0%)

PM Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$61.8B -5.4% YoY

Liabilities

$71.7B -4.1% YoY

Shareholder's Equity

($9,870.0M) +4.5% YoY

PM Cash Flow Statement

PM Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$3,146.0M$12.2B($1,092.0M)($9,481.0M)($536.0M)$4,254.0M

PM Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$12.2B +32.7% YoY

Capital Expenditure (CAPEX)

$0.0 +9.3% YoY

Free Cash Flow (FCF)

$12.2B +36.7% YoY

PM Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Revenue
% growth
45,288.0
0.0%
48,260.0
6.6%
22,798.0
(52.8%)
25,705.0
12.8%
25,035.0
(2.6%)
27,208.0
8.7%
31,097.0
14.3%
31,377.0
0.9%
31,217.0
(0.5%)
29,767.0
(4.6%)
26,794.0
(10.0%)
26,685.0
(0.4%)
28,748.0
7.7%
29,625.0
3.1%
29,805.0
0.6%
28,694.0
(3.7%)
31,405.0
9.4%
31,762.0
1.1%
35,174.0
10.7%
37,878.0
7.7%
Cost of Goods Sold (COGS)32,920.035,619.08,720.09,328.09,022.09,713.010,678.010,373.010,410.010,436.09,365.09,391.010,432.010,758.010,513.09,569.010,030.011,228.012,893.013,329.0
Gross Profit
% margin
12,368.0
27.3%
12,641.0
26.2%
14,078.0
61.8%
16,377.0
63.7%
16,013.0
64.0%
17,495.0
64.3%
20,419.0
65.7%
21,004.0
66.9%
20,807.0
66.7%
19,331.0
64.9%
17,429.0
65.0%
17,294.0
64.8%
18,316.0
63.7%
18,867.0
63.7%
19,292.0
64.7%
19,125.0
66.7%
21,375.0
68.1%
20,534.0
64.6%
22,281.0
63.3%
24,549.0
64.8%
Operating Expenses4,633.04,273.05,049.06,045.05,944.06,248.06,978.07,158.07,314.07,524.06,701.06,385.06,754.07,471.08,701.07,538.08,366.08,175.010,628.011,147.0
Research & Development Expenses (R&D)0.00.00.00.00.00.00.0415.0449.0433.0423.0429.0453.0383.0465.0495.0617.0642.0709.00.0
Selling, General & Administrative Expenses (SG&A)4,543.04,574.05,021.06,001.05,870.06,160.06,880.06,961.06,890.07,001.06,656.06,405.06,725.07,449.08,168.07,405.08,299.07,990.010,105.011,147.0
Operating Income
% margin
7,735.0
17.1%
8,368.0
17.3%
8,873.0
38.9%
10,248.0
39.9%
10,040.0
40.1%
11,200.0
41.2%
13,332.0
42.9%
13,946.0
44.4%
13,824.0
44.3%
12,237.0
41.1%
10,691.0
39.9%
10,815.0
40.5%
11,503.0
40.0%
11,336.0
38.3%
11,058.0
37.1%
11,720.0
40.8%
13,076.0
41.6%
12,544.0
39.5%
12,697.0
36.1%
13,402.0
35.4%
Interest Income0.0229.00.0217.0108.098.0134.0148.0131.0118.0124.0178.0182.0190.0226.0110.0109.0180.0465.0620.0
Interest Expense94.0371.010.0528.0797.0974.0800.01,007.01,104.01,170.01,132.0891.0914.0665.0570.0728.0737.0768.01,526.01,763.0
Pre-tax Income7,641.08,226.08,863.09,937.09,243.010,324.012,532.012,987.012,520.010,755.09,720.010,018.010,648.010,731.010,021.010,969.012,381.011,771.010,607.012,199.0
Income Tax
% effective tax rate
1,835.0
24.0%
1,829.0
22.2%
2,564.0
28.9%
2,787.0
28.0%
2,691.0
29.1%
2,826.0
27.4%
3,653.0
29.1%
3,833.0
29.5%
3,670.0
29.3%
3,097.0
28.8%
2,688.0
27.7%
2,768.0
27.6%
4,307.0
40.4%
2,445.0
22.8%
2,293.0
22.9%
2,377.0
21.7%
2,671.0
21.6%
2,244.0
19.1%
2,339.0
22.1%
2,380.0
19.5%
Net Income
% margin
5,620.0
12.4%
6,146.0
12.7%
6,026.0
26.4%
6,890.0
26.8%
6,342.0
25.3%
7,259.0
26.7%
8,591.0
27.6%
8,800.0
28.0%
8,576.0
27.5%
7,493.0
25.2%
6,873.0
25.7%
6,967.0
26.1%
6,035.0
21.0%
7,911.0
26.7%
7,185.0
24.1%
8,056.0
28.1%
9,109.0
29.0%
9,048.0
28.5%
7,791.0
22.1%
7,057.0
18.6%
EPS2.712.912.863.333.253.934.985.175.264.764.424.483.885.094.615.165.835.825.024.59
Diluted EPS2.692.912.863.323.243.924.985.175.264.764.424.483.885.094.615.165.835.815.024.58
EBITDA
% margin
8,262.0
18.2%
9,232.0
19.1%
9,642.0
42.3%
11,090.0
43.1%
10,939.0
43.7%
12,191.0
44.8%
14,478.0
46.6%
14,846.0
47.3%
14,475.0
46.4%
12,666.0
42.6%
11,470.0
42.8%
11,706.0
43.9%
12,459.0
43.3%
12,576.0
42.5%
11,948.0
40.1%
12,916.0
45.0%
14,166.0
45.1%
13,794.0
43.4%
13,374.0
38.0%
15,749.0
41.6%