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Philip Morris International Inc.

Rank #127Capital ReturnWatchlistCompare with other stocks

PM · NYSE · Consumer Defensive

Philip Morris International Inc. (PM) — Rank #127 by gross profitability (GP/assets 0.41) · ROE -143.0% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0001413329 · all metrics point-in-time as of the filing date.

About

Philip Morris International Inc. operates as a tobacco company.

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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.

Industry
Tobacco
Sector
Consumer Defensive
State
VA
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
pmi.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

84,900

Industry

Tobacco

Exchange

NYSE

11/11

Flags passed

PM passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Sequential beat (rev + EPS)

No data SBC and margin — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.41
Return on equity
-143.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
—
Current ratio
1.02×
Net cash
$6.13B

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
—

Growth

2/2 pass
Revenue growth
7.3%
Piotroski F-Score
N/A
Share dilution
0.1%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.41

Gross profitability (GP / assets)

0.41

Primary signal (Novy-Marx).

Return on equity

-143.0%

Gross margin

67.1%

Revenue growth (YoY)

7.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

8.6%

Revenue CAGR (5Y)

7.2%

Earnings CAGR (3Y)

7.8%

FCF CAGR (3Y)

3.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 6% below net income

Free cash flow

$10.66B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-6.0%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

—

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $6.13B

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

—

Current ratio

1.02×

Quick ratio

0.47×

Net cash

$6.13B

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

2.0 / 5

Fair
Payout ratio
76.0%1/5 Weak
FCF coverage
1.24×2/5 Fair
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E N/A · IC N/A0/5 Weak

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
0.1%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency
10 yr5/5 Strong
Net debt trajectory(deleveraging)
1.2%3/5 Good

Lifecycle Phase History

20202025
Value
Capital Return

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports