Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Philip Morris International Inc.

PMNYSE
Wall Street Score · overall investment32/100
$208.50USD+$5.86 (+2.89%)
Company website www.pmi.com
Headquarters677 Washington Boulevard, Stamford, CT, 06901, US
Financial statement currencyUSD · no FX conversion applied
Consumer Defensive · Tobacco
Price from Oct 30, 2026Financials updated Oct 21, 2026

PM · Price history

Price at last available close

$208.50

+$17.68 (+9.27%) 1M

2026-10-29

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Company & revenue

About Philip Morris International Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 3, 2026. A research update is not a new financial filing.

Who they are

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.

How they make money

Philip Morris International manufactures and sells cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products. The company generates revenue through direct sales to retailers, distribution through national or regional wholesalers, and its own e-commerce and brand retail infrastructure.

Products & services

Cigarettes, heat-not-burn tobacco products, vapor products, and oral nicotine products.

Brands & revenue mix

Marlboro

Flagship cigarette brand.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

Combustible ProductsUSD 23.79B58.5%

Period ended 2025-12-31Source

Reduced-Risk ProductsUSD 16.85B41.5%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

European UnionUSD 17.11B42.1%

Period ended 2025-12-31Source

SSEA, CIS & MEA SegmentUSD 12.05B29.6%

Period ended 2025-12-31Source

EA, AU & PMI GTR SegmentUSD 6.63B16.3%

Period ended 2025-12-31Source

Americas SegmentUSD 4.85B11.9%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

Customer concentration

The company does not disclose specific major customers, noting that it sells to a wide range of distributors and retailers across approximately 170 markets as of the fiscal year ended December 31, 2025.

Suppliers, materials & equipment

  • Tobacco leaf suppliers — Unnamed suppliers of tobacco leaf.Source

Competitors

  • British American Tobacco — Global tobacco and nicotine products manufacturer.Source
  • Japan Tobacco Inc. — Global tobacco and nicotine products manufacturer.Source
  • Imperial Brands — Global tobacco and nicotine products manufacturer.Source

Strengths

  • Leading market share positions in approximately 170 marketsSource
  • Strong portfolio of smoke-free productsSource

Risks

  • Supply chain disruption through farmer exit and reduced crop qualitySource
  • Regulatory and legislative changes impacting tobacco and nicotine productsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

32

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

62

Fair

Financial Strength

67

Business Quality / Moat

49

Management

70

Growth Quality

46

Risk / Durability

88

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

41

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

46/100

Building Historical Record

Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

No strong positive signal is being highlighted from the currently available summary data.

What to watch
  • •Elevated debt risk
  • •Dividend-change headline · Oct 12, 2026
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for PM

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can PM maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is PM's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is PM's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What future growth or profitability would be needed to justify PM's current valuation?
⚠ 2 warningsView warning details
Elevated debt riskDividend-change headline · Oct 12, 2026
Business analysis: 26 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

32

0–100 · Poor

Opportunity Score

41

0–100 · Weak

Market Cap

$324.97B

P/E Ratio

28.7

EPS

$6.85

52-Week High

$210.45

52-Week Low

$142.11

Beta

0.36

Intrinsic Value

$175.64

Analyst Target

$215.00

Shares Outstanding

1.56B

Total Revenue

$43.14B

Total Debt

$44.23B

Reported Dividend Yield

2.81%

View dividend history

Liquidation Value / Share

$-3.82

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
71/ 100
+7 pts / 5d

Building upward momentum

5D +3.4% · 20D +10.8% · RSI 58 · Price vs 20D avg +4.5%
Volatility
28/ 100
-1 pts / 5d

Low movement

20D realized vol 28.6% · 60D 23.9% · Acceleration 1.19x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for PM

Detected from reported data — verify before acting.

Dividend history reported

The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.

Elevated debt risk

Negative shareholder equity • Total debt is at least one year of revenue • Cash covers less than 20% of total debt

Dividend-change headline · Oct 12, 2026

5 Dividend Stocks That Could Pay You $5,364 a Year Without the IRS Taking a Cut — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

247 Wallst

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on PM.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Leading market share positions in approximately 170 markets.
  • +Strong portfolio of smoke-free products.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Debt risk (elevated): Negative shareholder equity.
  • −Total debt is at least one year of revenue.
  • −Cash covers less than 20% of total debt.
  • −Supply chain disruption through farmer exit and reduced crop quality.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak32/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

32

Tap for breakdown →

Fair

50

Debt Cost3.2%
Debt Reduction YoY-6.9%
Debt / Equity-4.89x

Tap for breakdown →

Poor

27

Revenue YoY6.1%
Revenue CAGR7.5%
Net Margin24.8%

Tap for breakdown →

Poor

30

Asset Growth YoY12.0%
Liquidation/Share-$3.82
Net Assets/MCap0.07x

Tap for breakdown →

Poor

16

Earnings Yield3.5%
Buyback Yield0.0%
Debt Cost3.2%

Tap for breakdown →

Strong

70

ROIC38.3%
ROE-180.1%
ROA16.0%

Tap for breakdown →

Weak

49

EPS Growth17.1%
FCF/Share Growth2.7%
Rev/Share Growth6.3%

Tap for breakdown →

Poor

16

Intrinsic Value$175.64
Value Reference$105.38
MOS-18.7%

Tap for breakdown →

Weak

42

Revenue27
Moat49
Valuation16

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Poor

0

MOS %-18.7%
Value Reference$105.38
Deep Discount Reference$70.25

Tap for breakdown →

Poor

24

Interest Coverage9.4x
ROIC38.3%
FCF Yield3.5%

Tap for breakdown →

Poor

29

Financial24
Valuation16
Debt50

Tap for breakdown →

Fair

64

Survival Years0.8 yrs
Current Ratio0.96x
FCF Margin26.2%

Tap for breakdown →

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Score Changes

3 historical score records available

Previous Score

32

Oct 1, 2026

Change

Unchanged

Current Score

32

Oct 21, 2026

Category Changes

Revenue+0.9
Debt0
Assets+0.2
Capital-2.0
Management0
Moat0
Valuation0
Buffett+0.2

PM score was unchanged.

Negative Contributors

  • − Capital declined by 2 points

Projected Score

Projected Score

35

Projected Change

+2.4 points

Preliminary comparable-period financial changes suggest improvement of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$208.50

Model Intrinsic Value

$175.64

Difference

+$32.86

+18.7% vs IV

Margin of Safety

-18.7%

UndervaluedFair ValueOvervalued
Value Reference: $105.38
Deep Discount Reference: $70.25

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$15.0B$30.0B$45.0B$60.0B

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$3.5B$7.0B$10.5B$14.0B

Total Debt

201520172019202120232025$0$15.0B$30.0B$45.0B$60.0B

Total Assets

201520172019202120232025$0$20.0B$40.0B$60.0B$80.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$43.14B$40.65B$37.88B$35.17B····························
Cost of Revenue$13.92B$13.37B$13.33B$12.89B····························
Gross Profit$29.22B$27.28B$24.55B$22.28B····························
Research & Development$0.00$756.0M$759.0M$0.00····························
SG&A Expenses$12.26B$10.56B$11.15B$10.06B····························
Operating Expenses$12.56B$12.39B$11.15B$10.72B····························
EBITDA$18.75B$18.72B$15.75B$13.37B····························
Operating Income$16.66B$14.89B$13.40B$11.56B····························
Interest Expense$1.52B$1.59B$1.76B$1.53B····························
Income Before Tax$15.07B$14.59B$12.20B$10.61B····························
Income Tax Expense$3.29B$2.74B$2.38B$2.34B····························
Net Income$10.71B$11.35B$7.03B$7.79B····························
Basic EPS$6.85$7.27$4.53$5.02····························
Basic Shares1.56B1.56B1.55B1.55B····························
Diluted Shares1.56B1.56B1.56B1.55B····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Sep 30, 2026Q3FY2026

Revenue

$11.44B

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$2.12

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-11.7%

Cash Change

+65.5%

Margin Change

-3.1 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew
  • Debt reduced

What Weakened

  • Margins contracted

Potential Score Impact

Positive indicators included revenue growth, cash levels, debt levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 5.5%. EPS declined 4.9%. Cash increased 65.5%. Total debt declined 11.7%. Net income margin declined by 3.1 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 29 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

3 historical records
Jul 24, 26Oct 1, 26Oct 21, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Debt Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Revenue Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Asset Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Capital Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Management Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Moat Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Valuation Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Buffett Score

Jul 24, 26Oct 1, 26Oct 21, 260255075100

Intrinsic Value

Jul 24, 26Oct 1, 26Oct 21, 26$172.00$176.00$180.00$184.00$188.00

Value Reference

Jul 24, 26Oct 1, 26Oct 21, 26$104.00$106.00$108.00$110.00$112.00

Margin of Safety %

Jul 24, 26Oct 1, 26Oct 21, 26-0.1%-0.1%-0.1%-0.1%-0.0%

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News

Rumor Mill · PM

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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