Company Analysis

Philip Morris International Inc. (PM)

NYSE: PM · Cigarettes · Stamford, CT · filing with the SEC since 2007
Grade6.7
◀ Past 7.2● Present 6.3▶ Future 6.6

The grade of Philip Morris International Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.7/10
◀ Past7.230% of the headline
● Present6.340% of the headline
▶ Future6.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 71st percentile among 7 sector filers · read for itself

From the record

Philip Morris International Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.9/10

What has it actually done, year after year?

+4.8% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 79th percentile among 6 sector filers · read for its customers

From the record

Philip Morris International Inc.'s 10 filed years say what it did: revenue went from $27 billion in fiscal 2016 to $41 billion in fiscal 2025, up 4.8% a year; it rose in 8 of 9 years; the deepest fall was 4% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span4.8%top 42% of its family
  • the share of years revenue rosetop 17% of its family
  • the share of filed years with a profittop 17% of its family
  • the deepest fall from a revenue peak3.7%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.0/10

How has it treated the people who own it?

Share count grew 0.1% a year. 74% of cash flow returned. Insiders: 7 sales, 0 purchases.

weight 22% of this tense · 60th percentile among 4 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Philip Morris International Inc.'s diluted share count grew about 0.1% a year, and dividends and buybacks returned about 74% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 42% of its family
  • cash returned against operating cash flowtop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.6/10

Is it financially healthy right now?

Leverage 112%: owes 112¢ per asset dollar.

weight 45% of this tense · 46th percentile among 6 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Philip Morris International Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 39 cents per dollar of everything the company owns. Leverage: it owed about 112 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 25% of its family
  • gross profit against assetstop 30% of its family
  • the share count against the year beforebottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.4/10

How strong is its position in its industry?

top 26% of 6 in its family; net margin 27.9%.

weight 33% of this tense · 74th percentile among 6 sector filers · read for its customers

From the record

Philip Morris International Inc.'s standing among 6 graded names in its industry family: revenue of $41 billion in fiscal 2025 ranks in the top 10% by size; a net margin of 27.9% ranks in the top 42%; revenue growth of 8.6% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$40.65Btop 10% of its family
  • net margin27.9%top 42% of its family
  • three-year revenue growth8.6%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.3/10

What are the people in charge doing?

top 17% of 5 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 83rd percentile among 5 sector filers · read for its shareholders

From the record

Philip Morris International Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Olczak, Jacek (Group CEO PMI, as filed), filing under that title since 2022-02-14, 4.7 years (top 10% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 8.7 years (top 12%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 30%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 16 peopletop 30% of its family
  • the median years the people in charge have filed8.7 yearstop 12% of its family
  • the chief executive's years on the record4.7 yearstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 6 in its family for room to expand.

weight 45% of this tense · 66th percentile among 6 sector filers · read for itself

From the record

Philip Morris International Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4.9 billion against debt of $45 billion leaves -58.2% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is 26.2% of revenue (top 25%); a gross margin of 67.1% (top 10%); research spending of 1.9% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets-58.2%bottom 25% of its family
  • cash from operations less capital spending against revenue26.2%top 25% of its family
  • gross margin67.1%top 10% of its family
  • research spending against revenue1.9%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.5/10

What could actually drive growth from here?

top 25% of 6 in its family for growth drivers.

weight 33% of this tense · 75th percentile among 6 sector filers · read for its customers

From the record

Philip Morris International Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 8.6% a year over the last three filed years against 4.8% over all 10, speeding up (top 8% of its family); the newest year grew 7.3% (top 25%); research spending grew 5.6% a year (top 42%); capital spending grew 13.4% a year (top 25%) (its annual reports). Philip Morris International Inc. reported 4 lines of business in fiscal 2025: Europe at $17 billion (42%), SSEACISMEA at $12 billion (30%), EAAUPMIGTR at $6.6 billion (16%), and 1 more; 4 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+3.8 points a yeartop 8% of its family
  • the newest year's revenue growth7.3%top 25% of its family
  • three-year growth of research spending5.6%top 42% of its family
  • three-year growth of capital spending13.4%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.0/10

Did its newest year beat what its own record pointed to?

top 50% of 5 in its family for expectations against reality.

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

From the record

Philip Morris International Inc.'s newest year against its own record: revenue of $41 billion in fiscal 2025 came in 1.7% below the $41 billion its prior three years' pace pointed to (bottom 30% of its family); net income of $11 billion against a prior three-year average of $8.0 billion (top 50%); a net margin of 27.9% against 23.1% before (top 30%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.7%bottom 30% of its family
  • net income against the prior three years' average+42%top 50% of its family
  • net margin against its prior average+4.8 pointstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PM · research, not advice