Income StatementBalance SheetCash FlowSegments
Philip Morris International logo

Philip Morris International Business Segments

Business, geographic, and product segment breakdowns

Philip Morris International generates $41.5B in annual revenue across 3 key segments: International Combustibles ($1.8B), International Smoke-Free ($1.2B), and U.S. ($242.0M). The company-wide operating margin is 36.73%. Based on the Q1 2026 filing.

International Combustibles$1.8BInternational Smoke-Free$1.2BU.S.$242.0M
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$294.55B
P/E Ratio26.55
ROE-109.97%

Products & Services

Cases Brought Against Company

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Combustible Products17.007.007.00———

Claims filed (in claims)

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Combustible Products$150.0$150.0$150.0$150.0$150.0$150.0

Claims on appeal (in cases)

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Combustible Products$3.0$1.0$1.0———

Claims released (in claims)

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Combustible Products10.0010.0010.00———

Net revenues (Notes 5 & 11)

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Combustible Tobacco Products$6.4B$6.0B$5.8B———
Smoke-Free Products$4.4B$4.4B$4.4B———

Geographic

Long-Lived Assets

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Americas—$2.0B————
East Asia and Australia—$405.0M————
Europe—$6.6B————
Indonesia—$1.0B————
Italy—$1.1B————
SSEA, CIS & MEA—$2.2B————
United States—$1.6B————

Other investments

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Argentina——$103.0M———
Indonesia——$26.0M———

Business Segments

Concentration risk percentage

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
EA, AU & PMI GTR2.5%2.5%————
Europe3.0%3.0%————

Pre-tax asset impairment and exit costs

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
EA, AU & PMI GTR$0.0$0.0————
SSEA, CIS & MEA$0.0$0.0————

Cost of Sales

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles——$1.8B———
International Smoke-Free——$1.2B———
U.S.——$242.0M———

Currency

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles——-$90.0M———
International Smoke-Free——-$97.0M———
U.S.——-$8.0M———

Depreciation, Depletion and Amortization

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles——$67.0M———
International Smoke-Free——$90.0M———

Goodwill (Note 5)

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles—$4.9B$4.8B———
International Smoke-Free—$3.9B$3.8B———
U.S.—$8.5B$8.5B———

Gross Profit

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles——$3.8B———
International Smoke-Free——$2.7B———
U.S.——$380.0M———

Net revenues

SegmentQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
International Combustibles——$5.7B———
International Smoke-Free——$3.8B———
U.S.——$622.0M———