FY2025 · ended Dec 31, 2025 · Revenue $40.65B, +7.3% YoY · Filed Feb 6, 2026
Philip Morris International Inc. (PM) files with the SEC under industry code 2111, Cigarettes. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $40.6 billion and net income of $11.3 billion. Free cash flow was $10.7 billion. As of Sep 30, 2026 it held $8.7 billion in cash and investments and $2.6 billion in total debt.
Revenue (TTM)
$43.14B
+7.9% vs year-ago TTM
Net income (TTM)
$10.71B
+24.1% vs year-ago TTM
Operating cash flow (TTM)
$15.15B
+31.5% vs year-ago TTM
Free cash flow (TTM)
$13.60B
+34.3% vs year-ago TTM
EPS (TTM)
$6.85
+24.0% vs year-ago TTM
Dividend per share (TTM)
$6.01
+8.9% vs year-ago TTM
Shares outstanding
1.56B
+0.1% vs prior year
Net cash
$6.03B
as of Sep 30, 2026
Operating margin
38.6%
FY 2026
Company profile
- Industry
- Cigarettes (SIC 2111)
- Listed as
- PM (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- VA
- Headquarters
- Stamford, CT
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1413329
Other Cigarettes companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $40.6B | $37.9B | $35.2B | $31.8B | $31.4B |
| Operating income | $14.9B | $13.4B | $11.6B | $12.2B | $13.0B |
| Net income | $11.3B | $7.1B | $7.8B | $9.0B | $9.1B |
| Diluted EPS | $7.26 | $4.52 | $5.02 | $5.81 | $5.83 |
| Operating cash flow | $12.2B | $12.2B | $9.2B | $10.8B | $12.0B |
| Free cash flow | $10.7B | $10.8B | $7.9B | $9.7B | $11.2B |
| Total assets | $69.2B | $61.8B | $65.3B | $61.7B | $41.3B |
| Total liabilities | $77.2B | $71.7B | $74.8B | $68.0B | $49.5B |
| Stockholders' equity | -$10.0B | -$11.8B | -$11.2B | -$9.0B | -$10.1B |
| Cash and investments | $7.8B | $6.9B | $8.0B | $7.6B | $9.0B |
| Total debt | $985.0M | $808.0M | $2.7B | $6.3B | $832.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 23, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 21, 2026 | Oct 21, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 18, 2026 | Sep 18, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 8, 2026 | Sep 8, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 8, 2026 | Sep 8, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 24, 2026 | Aug 24, 2026 |
All 1000 Philip Morris International Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.