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Other financials

Income statement

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Revenue$10.1B+9.1%
Gross profit$6.9B+10.1%
Operating income$3.9B+9.8%
Net income$2.4B-9.4%
EPS (diluted)$1.56-9.3%

Balance sheet

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Cash & equivalents$5.5B+22.2%
Total debt$52.0B+4.8%
Total equity-$9.3B+14.9%
Total assets$68.9B+5.9%

Cash flow

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Operating cash flow-$399.0M-14.0%
CapEx$353.0M-12.6%

Valuation

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Market cap$278.87B-2.3%
Enterprise value$325.44B-1.5%
P/E25.1×-9.8×
P/S6.7×-0.7×

Profitability

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Gross margin67.3%+1.6pp
Operating margin36.7%+0.5pp
Net margin26.7%+5.4pp
FCF margin25.7%-0.9pp

Returns & leverage

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Return on equity-110%
Debt / equity-5.6×
Current ratio+0.2×

Where this comes from

Calculated from Philip Morris International’s reported figures.

The official record: Philip Morris International’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Philip Morris International's free cash flow?
Philip Morris International (PM) reported free cash flow of -$752M in Q1 2026.
How has Philip Morris International's free cash flow changed year-over-year?
Philip Morris International's free cash flow increased by 0.3% year-over-year, from -$754M to -$752M.
What is the long-term trend for Philip Morris International's free cash flow?
Over 4 years (2021 to 2025), Philip Morris International's free cash flow has grown at a -1.3% compound annual growth rate (CAGR), from $11.22B to $10.66B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.