Philip Morris International (PM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Philip Morris International

NYSE•Consumer Defensive•Tobacco

$208.79+0.29(<0.01%)Market closed

Market Cap

$324.60B

P/E

30.3x

P/S

7.5x

Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.

How this company scores

WeakMetricSide Score: 68/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability17/25

Growth20/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsRising earningsCash-backed earnings

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 30.3x5y range 15.3x – 34.4x

Currently above its 20-quarter median.

P/S · 7.5x5y range 4.0x – 7.5x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $324.60B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $43.14B
Q. Revenue: $11.44B
TTM EBITDA: $18.72B
TTM Op. Income: $16.66B
Q. Op. Income: $4.87B
TTM Net Income: $10.71B
Q. Net Income: $3.31B
EPS: $2.12
Shares Out.: $1.56B

$43.14B in TTM revenue grew 7.9% YoY, reaching $11.44B last quarter. TTM EBITDA of $18.72B and TTM operating income of $16.66B show growth is flowing through to the bottom line. TTM net income of $10.71B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 68.7%
EBITDA Margin: 47.0%
Op. Margin: 42.5%
Net Margin: 29.0%

Op. margin of 42.5% is up 3.2% YoY — cost efficiency is improving. Net margin at 29.0% and gross margin of 68.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 30.3x
P/S Ratio: 7.5x
P/B Ratio: N/A

At 30.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.5x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $66.73B
Cash: $6.68B
Long-Term Debt: $41.71B
Book Value: $-7.94B
D/E Ratio: N/A
Debt/EBITDA: 7.8

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.35B
TTM Free Cash Flow: $13.60B
FCF Margin: 31.5%
FCF / Net Income: 1.3

TTM FCF of $13.60B on $5.35B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.