Philip Morris International (PM): financials, SEC filings and peers
Philip Morris International (PM) is a tobacco company in the Consumer Staples sector of the S&P 500, headquartered in New York City, New York.
It was founded in 2008 and joined the S&P 500 on March 31, 2008.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Cigarettes”.
Philip Morris International at a glance
- Revenue (12 months)
- $43.1B
- Revenue growth
- +7.9%
- Operating margin
- 38.6%
- Net income (12 months)
- $10.7B
- Free cash flow (12 months)
- $13.6B
- Cash
- $6.7B
- Debt
- $47.6B
- Diluted EPS (12 months)
- $6.85
Twelve months to September 30, 2026, from the 10-Q filed October 23, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Philip Morris International reported revenue of $43.1 billion, about the same as a year earlier (+7.9%).
Its operating margin was 38.6%, up 1.7 percentage points from a year earlier: for every $100 of sales, about $39 was left as operating profit.
Net income was $10.7 billion (24.8% of revenue), 24.1% higher than a year earlier.
Operating cash flow was $15.2 billion and capital spending $1.6 billion, leaving free cash flow of $13.6 billion (31.5% of revenue).
At the end of the period it held $6.7 billion in cash and $47.6 billion in debt, a net debt position of $40.9 billion.
Five-year trend
- Revenue went from $28.7 billion in fiscal 2020 to $40.6 billion in fiscal 2025, about 7.2% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin narrowed from 40.7% to 36.6% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $31.4B | $31.8B | $35.2B | $37.9B | $40.6B |
| Revenue growth | 9.4% | 1.1% | 10.7% | 7.7% | 7.3% |
| Operating margin | 41.3% | 38.6% | 32.9% | 35.4% | 36.6% |
| Net income | $9.1B | $9.0B | $7.8B | $7.1B | $11.3B |
| Free cash flow | $11.2B | $9.7B | $7.9B | $10.8B | $10.7B |
| Diluted EPS | $5.83 | $5.81 | $5.02 | $4.52 | $7.26 |
Fiscal years as reported in Philip Morris International’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 23, 2026 — quarterly report
- 8-K filed October 21, 2026 — Earnings results
- 8-K filed September 18, 2026 — Regulation FD disclosure
- 8-K filed September 8, 2026 — Regulation FD disclosure
- 8-K filed September 8, 2026 — Regulation FD disclosure
- 8-K filed August 24, 2026 — Regulation FD disclosure
- 10-Q filed July 24, 2026 — quarterly report
- 8-K filed July 22, 2026 — Earnings results
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Questions about Philip Morris International
Is Philip Morris International's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $43.1 billion, up 7.9% from a year earlier, according to its SEC filings.
Is Philip Morris International profitable?
Yes. It earned $10.7 billion in net income over the twelve months to September 30, 2026, a net margin of 24.8%.
Does Philip Morris International have more cash or more debt?
At September 30, 2026 it had $6.7 billion in cash and $47.6 billion in debt, so more debt than cash.
When did Philip Morris International last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 23, 2026.
Which companies are similar to Philip Morris International?
In the S&P 500, Philip Morris International is grouped in Tobacco within the Consumer Staples sector. Altria (MO) are in the same group.
Understand the numbers
Source: Philip Morris International’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.