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Philip Morris International PM International Combustibles — Gross Profit

Other segment segments

International Smoke-Free
$2.72B+17.1%

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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$293.1B+11.4%
Enterprise value$336.29B+8.4%
P/E27×-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:GrossProfit.

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 — gross profit?
Philip Morris International (PM) reported international combustibles — gross profit of $4.39B in Q2 2026.
What does international combustibles — gross profit mean?
This is the difference between net revenues and the cost of sales for the international combustibles segment. It measures the core profitability of the cigarette business before accounting for marketing, administrative, and other operating expenses. It serves as a fundamental indicator of the segment's ability to generate margin from its core product offerings.

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