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

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Defensive•Tobacco
C
AverageMetricSide Score: 52/100
ProfitabilityProfit20/30
GrowthGrowth20/25
Balance SheetBalance8/25
Cash QualityCash4/20
Price & Volume
Market Cap $283.98B

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.

Moat Signals

Competitive analysis based on 66 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are stable at ~36.5%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~13.8% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 66 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~36.7% — no sign of cost or pricing stress.

Earnings Quality

Watch

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

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

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

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of March 2026

Revenue & Profit

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

TTM Revenue
$41.49B
8.1%
Q. Revenue
$10.15B
TTM EBITDA
$17.27B
6.8%
TTM Op. Income
$15.24B
9.6%
Q. Op. Income
$3.89B
TTM Net Income
$11.10B
46.0%
Q. Net Income
$2.44B
EPS
$1.56
Shares Out.
$1.56B
0.1%
$41.49B in TTM revenue grew 8.1% YoY, reaching $10.15B last quarter. TTM EBITDA of $17.27B and TTM operating income of $15.24B shows growth is flowing through. Net income of $11.10B TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
68.1%
1.1%
EBITDA Margin
43.4%
Op. Margin
38.4%
0.7%
Net Margin
24.0%
16.9%
Op. margin of 38.4% is up 0.3% YoY — cost efficiency is improving. Net margin at 24.0% and gross margin of 68.1% — earnings take a bigger bite when COGS stays lean..

Price Ratios

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

P/E Ratio
25.6x
P/S Ratio
6.8x
P/B Ratio
N/A
At 25.6x P/E, the stock trades in line with market averages — fairly valued. P/S of 6.8x and P/B of 0.0x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

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

Total Assets
$68.91B
Cash
$5.45B
Long-Term Debt
$43.81B
Book Value
$-9.28B
D/E Ratio
N/A
Debt/EBITDA
9.9

Cash Flow

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

Op. Cash Flow
$-399.00M
Free Cash Flow
$-752.00M
0.3%
FCF Margin
-1.8%
FCF / Net Income
-0.3
FCF of $-752.00M on $-399.00M in operating cash flow. The FCF / Net Income ratio of -0.1x shows cash consumption — the business is not yet self-funding.

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