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Earnings transcript
Read the complete earnings call transcript.
PM
Philip Morris International Inc.
$158.1
0.77
(0.49%)
| Exchange: | NYSE |
| Market Cap: | 246.111B |
| Shares Outstanding: | 0 |
About The Company
| Sector: | Consumer Defensive | |||||
| Industry: | Tobacco | |||||
| CEO: | Jacek Olczak | |||||
| Full Time Employees: | 83100 | |||||
| Address: |
| |||||
| Website: | https://www.pmi.com |
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company’s product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 35,174,000 | 37,878,000 | 40,648,000 |
| Gross Profit | 22,281,000 | 24,549,000 | 27,282,000 |
| EBITDA | 13,374,000 | 15,749,000 | 17,463,000 |
| Operating Income | 11,556,000 | 13,402,000 | 14,933,000 |
| Net Income | 7,791,000 | 7,034,000 | 11,348,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 65,304,000 | 61,784,000 | 69,185,000 |
| Total Liabilities | 74,750,000 | 71,654,000 | 77,213,000 |
| Total Stockholders Equity | -11,225,000 | -11,750,000 | -9,994,000 |
| Total Debt | 47,909,000 | 45,695,000 | 45,302,000 |
| Cash and Cash Equivalents | 3,060,000 | 4,216,000 | 4,872,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 9,204,000 | 12,217,000 | 12,233,000 |
| Capital Expenditure | -1,321,000 | -1,444,000 | 0 |
| Free Cash Flow | 7,883,000 | 10,773,000 | 12,233,000 |
| Net Income | 8,268,000 | 7,503,000 | 0 |
| Net Change in Cash | -71,000 | 1,108,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 52,068,907.783 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 54,374,527.741 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 52,881,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 21,814,109.053 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 22,780,041.456 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 22,154,332.594 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 17,910,487.571 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 18,946,339.452 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 18,275,340.011 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 14,652,532.747 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 15,301,349.351 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 14,881,060.833 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 11.730 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 12.160 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 11.500 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Philip Morris International (PMI) reported robust financial results in the 2025 Q4 earnings call, with key metrics such as revenue and net income showing consistent growth over recent quarters, as per income statement data. This performance aligns with positive free cash flow trends, indicating solid operational efficiency.
- Leadership in Smoke-Free Products: The earnings call highlighted PMI's dominance in the smoke-free product category, which is a significant driver of revenue growth. This focus on innovative, less harmful alternatives positions the company favorably within evolving consumer preferences, as noted in the product segment revenue data.
- Stable Dividend Yield: With a competitive dividend yield (TTM) as per key metrics, PMI offers attractive returns to shareholders, reinforcing investor confidence and providing a buffer against market volatility.
- Global Market Presence: Revenue geo segments data indicates a well-diversified geographic footprint, reducing dependency on any single market and enhancing resilience against regional economic downturns.
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PM intrinsic value between $101.87 – $113.78 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about PM valuation
Is Philip Morris International Inc. (PM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Philip Morris International Inc. (PM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
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What is PM’s P/E ratio?
You can see PM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
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PM
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0.49
Trading Metrics:
| Open: | 157.35 | Previous Close: | 157.33 | |
| Day Low: | 156.25 | Day High: | 159.38 | |
| Year Low: | 142.11 | Year High: | 191.3 | |
| Price Avg 50: | 175.58 | Price Avg 200: | 166.2 | |
| Volume: | Average Volume: |
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