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Complete financial analysis of Philip Morris International Inc. (PM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Philip Morris International Inc., a leading company in the Tobacco industry within the Consumer Defensive sector.
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Philip Morris International Inc. (PM)
About Philip Morris International Inc.
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2003 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.17B | 31.76B | 31.41B | 28.69B | 29.81B | 29.63B | 28.75B | 26.69B | 26.79B | 29.77B | 31.22B | 31.38B | 31.10B | 27.21B | 25.04B | 25.71B | 22.80B | 48.26B | 45.29B | 33.39B | 8.10B |
| Cost of Revenue | 12.89B | 11.23B | 10.03B | 9.57B | 10.51B | 10.76B | 10.43B | 9.39B | 9.37B | 10.44B | 10.41B | 10.37B | 10.68B | 9.71B | 9.02B | 9.33B | 8.72B | 35.62B | 32.92B | 23.82B | 2.81B |
| Gross Profit | 22.28B | 20.53B | 21.38B | 19.13B | 19.29B | 18.87B | 18.32B | 17.29B | 17.43B | 19.33B | 20.81B | 21.00B | 20.42B | 17.50B | 16.01B | 16.38B | 14.08B | 12.64B | 12.37B | 9.57B | 5.30B |
| Gross Profit Ratio | 63.35% | 64.65% | 68.06% | 66.65% | 64.73% | 63.69% | 63.71% | 64.81% | 65.05% | 64.94% | 66.65% | 66.94% | 65.66% | 64.30% | 63.96% | 63.71% | 61.75% | 26.19% | 27.31% | 28.66% | 65.36% |
| Research & Development | 709.00M | 642.00M | 617.00M | 495.00M | 465.00M | 383.00M | 453.00M | 429.00M | 423.00M | 433.00M | 449.00M | 415.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.11B | 8.14B | 8.52B | 7.48B | 8.78B | 7.45B | 6.73B | 6.41B | 6.66B | 7.00B | 6.89B | 6.98B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | -148.00M | 8.30B | 7.38B | 8.70B | 7.41B | 6.73B | 6.41B | 6.66B | 7.00B | 6.89B | 6.98B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.11B | 7.99B | 8.30B | 7.41B | 8.17B | 7.45B | 6.73B | 6.41B | 6.66B | 7.00B | 6.89B | 6.96B | 6.88B | 6.16B | 5.87B | 6.00B | 5.02B | 4.57B | 4.54B | 3.37B | 0.00 |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -41.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 98.00M | 88.00M | 74.00M | 44.00M | 28.00M | 0.00 | 90.00M | 0.00 | 0.00 |
| Operating Expenses | 10.63B | 8.18B | 8.37B | 7.54B | 8.70B | 7.47B | 6.75B | 6.39B | 6.70B | 7.52B | 7.31B | 7.16B | 6.98B | 6.25B | 5.94B | 6.05B | 5.05B | 4.27B | 4.63B | 3.37B | 2.35B |
| Cost & Expenses | 23.62B | 19.40B | 18.40B | 17.11B | 19.21B | 18.23B | 17.19B | 15.78B | 16.07B | 17.96B | 17.72B | 17.53B | 17.66B | 15.96B | 14.97B | 15.37B | 13.77B | 39.89B | 37.55B | 27.19B | 5.16B |
| Interest Income | 465.00M | 180.00M | 109.00M | 110.00M | 226.00M | 190.00M | 182.00M | 178.00M | 124.00M | 118.00M | 131.00M | 148.00M | 134.00M | 98.00M | 108.00M | 217.00M | 0.00 | 229.00M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.53B | 768.00M | 737.00M | 728.00M | 570.00M | 665.00M | 914.00M | 891.00M | 1.13B | 1.17B | 1.10B | 1.01B | 800.00M | 974.00M | 797.00M | 528.00M | 10.00M | 371.00M | 94.00M | 0.00 | 146.00M |
| Depreciation & Amortization | 1.40B | 1.19B | 998.00M | 981.00M | 964.00M | 989.00M | 875.00M | 743.00M | 754.00M | 889.00M | 882.00M | 898.00M | 98.00M | 932.00M | 853.00M | 44.00M | 748.00M | 658.00M | 527.00M | 370.00M | 0.00 |
| EBITDA | 13.37B | 13.79B | 14.17B | 12.92B | 11.95B | 12.58B | 12.46B | 11.71B | 11.47B | 12.67B | 14.48B | 14.85B | 14.48B | 12.19B | 10.94B | 11.09B | 9.64B | 9.23B | 8.26B | 6.57B | 2.95B |
| EBITDA Ratio | 38.02% | 42.88% | 44.81% | 44.26% | 40.34% | 41.60% | 43.06% | 43.31% | 42.71% | 44.10% | 47.11% | 47.31% | 43.89% | 45.12% | 43.63% | 40.69% | 43.57% | 18.08% | 18.44% | 19.67% | 36.36% |
| Operating Income | 12.70B | 12.54B | 13.08B | 11.72B | 11.06B | 11.34B | 11.50B | 10.82B | 10.69B | 12.24B | 13.82B | 13.95B | 13.33B | 11.20B | 10.04B | 10.25B | 8.87B | 8.37B | 7.74B | 6.20B | 2.95B |
| Operating Income Ratio | 36.10% | 39.49% | 41.64% | 40.84% | 37.10% | 38.26% | 40.01% | 40.53% | 39.90% | 41.11% | 44.28% | 44.45% | 42.87% | 41.16% | 40.10% | 39.87% | 38.92% | 17.34% | 17.08% | 18.56% | 36.36% |
| Total Other Income/Expenses | -2.09B | -773.00M | -695.00M | -751.00M | -1.04B | -605.00M | -855.00M | -797.00M | -971.00M | -947.00M | -995.00M | -959.00M | -810.00M | -876.00M | -797.00M | -311.00M | -49.00M | -124.00M | -94.00M | 17.00M | -179.00M |
| Income Before Tax | 10.61B | 11.77B | 12.38B | 10.97B | 10.02B | 10.73B | 10.65B | 10.02B | 9.72B | 10.76B | 12.52B | 12.99B | 12.53B | 10.32B | 9.24B | 9.94B | 8.86B | 8.23B | 7.64B | 6.21B | 2.77B |
| Income Before Tax Ratio | 30.16% | 37.06% | 39.42% | 38.23% | 33.62% | 36.22% | 37.04% | 37.54% | 36.28% | 36.13% | 40.11% | 41.39% | 40.30% | 37.94% | 36.92% | 38.66% | 38.88% | 17.05% | 16.87% | 18.61% | 34.16% |
| Income Tax Expense | 2.34B | 2.24B | 2.67B | 2.38B | 2.29B | 2.45B | 4.31B | 2.77B | 2.69B | 3.10B | 3.67B | 3.83B | 3.65B | 2.83B | 2.69B | 2.79B | 2.56B | 1.83B | 1.84B | 2.09B | 593.00M |
| Net Income | 7.79B | 9.05B | 9.11B | 8.06B | 7.19B | 7.91B | 6.04B | 6.97B | 6.87B | 7.49B | 8.58B | 8.80B | 8.59B | 7.26B | 6.34B | 6.89B | 6.03B | 6.15B | 5.62B | 3.98B | 2.23B |
| Net Income Ratio | 22.15% | 28.49% | 29.00% | 28.08% | 24.11% | 26.70% | 20.99% | 26.11% | 25.65% | 25.17% | 27.47% | 28.05% | 27.63% | 26.68% | 25.33% | 26.80% | 26.43% | 12.74% | 12.41% | 11.91% | 27.50% |
| EPS | 5.02 | 5.82 | 5.83 | 5.16 | 4.61 | 5.09 | 3.88 | 4.48 | 4.42 | 4.76 | 5.26 | 5.17 | 4.98 | 3.93 | 3.25 | 3.33 | 2.86 | 2.91 | 2.71 | 1.96 | 1.34 |
| EPS Diluted | 5.02 | 5.81 | 5.83 | 5.16 | 4.61 | 5.09 | 3.88 | 4.48 | 4.42 | 4.76 | 5.26 | 5.17 | 4.98 | 3.92 | 3.24 | 3.32 | 2.86 | 2.91 | 2.69 | 1.95 | 1.34 |
| Weighted Avg Shares Out | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.57B | 1.62B | 1.69B | 1.73B | 1.84B | 1.94B | 2.07B | 2.11B | 2.11B | 2.07B | 2.03B | 0.00 |
| Weighted Avg Shares Out (Dil) | 1.55B | 1.55B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B | 1.57B | 1.62B | 1.69B | 1.73B | 1.84B | 1.95B | 2.08B | 2.11B | 2.11B | 2.09B | 2.04B | 0.00 |
Philip Morris' Q3 Earnings Coming Up: Here's What You Should Know
Philip Morris' Q3 results are likely to reflect gains from pricing and strength in smoke-free products, especially IQOS and ZYN.
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STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) has been informed by its deconsolidated Canadian affiliate, Rothmans, Benson & Hedges Inc. (RBH), that the court-appointed mediator and monitor in RBH's Companies' Creditors Arrangement Act (CCAA) proceeding filed a proposed...
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Philip Morris is shifting from cigarettes to smokeless products like Zyn, driving growth and justifying a continued strong buy. The company's new Colorado factory and $800 million investment highlight the unprecedented demand for Zyn and show it's a once in...
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Philip Morris (PM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
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The third-quarter earnings season is off and running as stocks hold near highs. Shareholder returns via dividends and buybacks are in focus. We highlight three upcoming reporters with unusual earnings dates compared to historical trends.
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Philip Morris has outperformed the S&P 500 with a 32% YTD return, driven by strong sales of HTUs and ZYN nicotine pouches. Despite this performance, the stock trades at a 24% valuation discount to SPY. Analysts expect Q3 revenue of...
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STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q3earnings on Tuesday, October 22, 2024, at 9:00 a.m. ET, to discuss its 2024 third-quarter and first nine-months results, which will be...
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Philip Morris International Will Likely Hurt Altria Group's Smoke-Free Business
Altria Group lags in transitioning to smoke-free products, with only 13% of revenue from non-combustibles compared to Philip Morris International's 38%. Philip Morris International is expanding its US market share with IQOS and ZYN, showcasing promising goals and significant investments...
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Source: https://incomestatements.info
Category: Stock Reports