Philip Morris International Inc.

PM · Large cap · 1 article

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$40.6B	$37.9B	$35.2B	$31.8B	$31.4B
Cost of revenue	$13.4B	$13.3B	$12.9B	$11.4B	$10.0B
Gross profit	$27.3B	$24.5B	$22.3B	$20.4B	$21.4B
Research and development	$756.0M	$759.0M	$709.0M	$642.0M	$617.0M
Operating income	$14.9B	$13.4B	$11.6B	$12.2B	$13.0B
Interest expense	$1.6B	$1.8B	$1.5B	$768.0M	$737.0M
Pretax income	$13.9B	$12.2B	$10.4B	$11.6B	$12.2B
Income tax expense	$2.7B	$3.0B	$2.3B	$2.2B	$2.7B
Net income	$11.3B	$7.1B	$7.8B	$9.0B	$9.1B
Balance Sheet
Cash and equivalents	$4.9B	$4.2B	$3.1B	$3.2B	$4.5B
Current assets	$24.4B	$20.2B	$19.8B	$19.6B	$17.7B
Total assets	$69.2B	$61.8B	$65.3B	$61.7B	$41.3B
Current liabilities	$25.4B	$22.9B	$26.4B	$27.3B	$19.3B
Total liabilities	$77.2B	$71.7B	$74.8B	$68.0B	$49.5B
Total debt	$49.0B	$46.0B	$46.3B	$37.9B	$27.8B
Stockholders' equity	-$10.0B	-$11.8B	-$11.2B	-$9.0B	-$10.1B
Cash Flow Statement
Cash from operations	$12.2B	$12.2B	$9.2B	$10.8B	$12.0B
Depreciation and amortization	$2.0B	$1.8B	$1.4B	$1.1B	$998.0M
Capital expenditure	$1.6B	$1.4B	$1.3B	$1.1B	$748.0M
Free cash flow	$10.7B	$10.8B	$7.9B	$9.7B	$11.2B
Dividends paid	$8.6B	$8.2B	$8.0B	$7.8B	$7.6B
Share repurchases	—	$0	$0	$209.0M	$775.0M
Impairments	$41.0M	$0	$665.0M	$0	$0

Shares outstanding 1.6B · Free float 99.8%

Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.