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Philip Morris International PM International Combustibles — Cost of Sales

Other segment segments

International Smoke-Free
$1.16B

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Other financials

Income statement

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Revenue$11.2B+10.4%
Gross profit$7.7B+11.6%
Operating income$4.5B+22.0%
Net income$2.8B-7.3%
EPS (diluted)$1.80-7.7%

Balance sheet

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Cash & equivalents$6.0B+44.3%
Total debt$49.2B-4.5%
Total equity-$8.6B+28.3%
Total assets$68.3B-0.3%

Cash flow

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Operating cash flow$5.5B+61.0%
CapEx$380.0M+6.7%
Free cash flow$5.1B+67.3%

Valuation

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Market cap$295.47B+11.4%
Enterprise value$338.65B+8.4%
P/E27.2×-2.9×
P/S6.9×+0.2×

Profitability

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Gross margin67.5%+1.1pp
Operating margin37.7%+1.5pp
Net margin25.6%+3.0pp
FCF margin29.9%+6.9pp

Returns & leverage

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Return on equity-105.8%
Debt / equity-5.7×
Current ratio+0.1×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Philip Morris International’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 6:44 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-049493
(in millions) / For the Three Months Ended June 30, 2026International Smoke-FreeInternational CombustiblesU.S.Total
Net revenues$3,877$6,459$856$11,192
Cost of sales(1,161)(2,071)(301)(3,533)
Gross profit$2,716$4,388$555$7,659
For the Three Months Ended June 30, 2025
Net revenues$3,395$5,883$862$10,140
Cost of sales(1,076)(1,947)(252)(3,274)
Gross profit$2,319$3,936$611$6,866

Item 1. Financial Statements (Unaudited)

FAQ

What is Philip Morris International's international combustibles — cost of sales?
Philip Morris International (PM) reported international combustibles — cost of sales of $2.07B in Q2 2026.
What does international combustibles — cost of sales mean?
This includes the direct costs associated with manufacturing and distributing combustible tobacco products, including raw materials, labor, and production overhead. It is a key metric for evaluating the production efficiency and supply chain management of the legacy cigarette business. Changes in this metric often reflect shifts in commodity prices or manufacturing scale.

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