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Earnings transcript
Read the complete earnings call transcript.
PM
Philip Morris International Inc.
$178.49
2.43
(1.38%)
| Exchange: | NYSE |
| Market Cap: | 278.187B |
| Shares Outstanding: | 0 |
Delayed data
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. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI’s smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. 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) | 52,294,460.224 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 54,856,486.792 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 53,137,810.044 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 21,908,603.556 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 22,981,956.721 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 22,261,922.374 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 18,295,188.931 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 19,466,072.672 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 18,680,606.971 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 14,716,004.686 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 15,436,975.795 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 14,953,328.866 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 11.990 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 12.490 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 11.740 | 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 freeForward P/E Ratios
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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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At what price to buy it? -
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.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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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.
Is PM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
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.
How is intrinsic value calculated for PM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PM a good long-term investment?
Whether PM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PM
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Daily snapshot
1.38
Trading Metrics:
| Open: | 175.04 | Previous Close: | 176.06 | |
| Day Low: | 172.4 | Day High: | 179.16 | |
| Year Low: | 142.11 | Year High: | 193.05 | |
| Price Avg 50: | 170.84 | Price Avg 200: | 165.9 | |
| Volume: | 3.925M | Average Volume: | 4.916M |
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Login — it's freePM full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Philip Morris International, ticker symbol PM, one of the biggest players in the tobacco industry with a growing focus on smoke-free products. If you’re looking to understand whether this stock deserves a spot in your portfolio, stick around because we’re covering everything from financials to valuation, recent performance, and more. Let’s get started! So, why are we talking about Philip Morris International today? Well,…
