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Companies / Consumer Staples / Philip Morris International
PM

Philip Morris International

Consumer StaplesTobaccoS&P 500
Ticker PMSTAMFORD, CTFiscal year ends DecemberBook value per share $-5.09Diluted shares 1.6B

Philip Morris International Inc. (NYSE: PM) is an international consumer goods company whose portfolio primarily comprises cigarettes and smoke-free products, including heated tobacco, nicotine pouches and e-vapor products, as well as consumer accessories and oral wellness offerings. Its products are designed for… From the company’s description.

In fiscal 2025, Philip Morris International reported revenue of $40.65B, up 7.3% from fiscal 2024, and net income of $11.85B. Its operating margin was 36.6%, and operations generated $12.23B in cash. Over the twelve months to Sep 30, 2026, revenue was $43.14B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$40.65BFY2025
+7.3% year over year
Last 12 mo $43.14B
36.64%FY2025
+1.3 percentage points
Last 12 mo 38.62%
$11.85BFY2025
+57.9% year over year
Last 12 mo $11.34B
-113.88%FY2025
−53.8 percentage points
Last 12 mo -134.93%
Cash & financing
$12.23BFY2025
+0.1% year over year
Last 12 mo $15.15B
$10.66BFY2025
−1.0% year over year
Last 12 mo $13.60B
-4.89FY2025
Was -3.89× a year earlier
Last 12 mo -5.99
1.6BFY2025
+0.1% year over year
Last 12 mo 1.6B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Philip Morris International does

In the company’s own words

Philip Morris International Inc. (NYSE: PM) is an international consumer goods company whose portfolio primarily comprises cigarettes and smoke-free products, including heated tobacco, nicotine pouches and e-vapor products, as well as consumer accessories and oral wellness offerings. Its products are designed for adult consumers and sold through distributors, retailers, e-commerce and company-operated brand retail channels. Major brands include Marlboro, Parliament, IQOS, ZYN, VEEV, HEETS, TEREA and General; PMI acquired Swedish Match in 2022, adding its oral nicotine business and ZYN brand. In 2025, its products were sold in approximately 170 markets, and it employed about 84,900 people worldwide. For 2025, cigarette and smoke-free shipments totaled 786.5 billion equivalent units, including 179.1 billion smoke-free units. Its four reportable segments for 2025 were Europe, South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa, East Asia, Australia and PMI Global Travel Retail, and Americas; from January 2026, it reorganized reporting into International Smoke-Free, International Combustibles and U.S. Its website is www.pmi.com.

Company details
Sector
Consumer Staples
Industry (SIC)
Tobacco
Headquarters
STAMFORD, CT
Fiscal year end
December
CIK
1413329
SIC
2111

Financial performance, year by year

Fiscal 2013–2025 · USD
$-8.01B$16.02B$40.05B$64.08B$88.12B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Philip Morris International — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.2K
funds hold it
5 of 35
superinvestors hold it
$130.48B
held by funds, at market
47.6%
of shares held by funds
50
bond issues held by funds

Superinvestors in Philip Morris International · what they did last quarter

Tom RussoDECREASED -1.6%
Gardner Russo & Quinn
9.2%of 13F portfolio
Terry SmithDECREASED -43.0%
Fundsmith
3.9%of 13F portfolio
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Philip Morris International’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.39%of fund net assets
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.44%of fund net assets
3.63%of fund net assets
2.27%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Philip Morris International’s bonds, as funds hold them

Funds report holding 50 issues of Philip Morris International’s debt, $11.02B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.79%, maturing 2026 to 2044.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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