The Tip Desk

Philip Morris International Inc.

Company Stats

Market Cap
$297.4B
as of Sep 30, 2026
Enterprise Value
$341.5B
Shares Outstanding
1.6B
Free Float
99.8%

Income Statement

Revenue
$40.6B
Operating Income
$14.9B
Net Income
$11.3B
EBITDA
$16.9B
Non-cash Impairment
$41.0M
Revenue Growth, 3Y
8.6%
FCF Margin, 3Y Avg
25.7%
FCF Margin, Worst Year
22.4%

Cash Flow

Free Cash Flow
$10.7B
FCF Yield
3.6%

Balance Sheet

Cash & Equivalents
$4.9B
Total Debt
$49.0B
Net Debt
$44.1B
Net Debt / EBITDA
2.61x
EV / EBITDA
20.22x
Net Debt / EBIT
2.96x

Returns & Capital

Dividends Paid
$8.6B
Dividend Yield
2.9%
Dividend Payout, 3Y Avg
98.0%

Cash Flow by Year

YearRevenueFCFMargin
FY2025$40.6B$10.7B26.2%
FY2024$37.9B$10.8B28.4%
FY2023$35.2B$7.9B22.4%
FY2022$31.8B$9.7B30.6%
FY2021$31.4B$11.2B35.7%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage