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Philip Morris International PM United States — Long-Lived Assets

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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:NoncurrentAssets.

The source filing: Philip Morris International’s 10-K, filed February 6, 2026.

Filed
Feb 6, 2026, 7:14 AM EST
Fiscal year
FY2025
Accession
0001628280-26-005939

Long-lived assets consist of non-current assets other than goodwill; other intangible assets, net; deferred tax assets, equity investments, financial instruments and payment under the agreement with Altria Group, Inc., see Note 3, Acquisitions and Divestitures. PMI's largest markets in terms of long-lived assets are Switzerland, Indonesia and Italy, as well as the U.S. Total long-lived assets located in Switzerland, which is reflected in the Europe segment above, were $1.7 billion, $1.4 billion and $1.6 billion at December 31, 2025, 2024 and 2023, respectively. Total long-lived assets located in Indonesia, which is reflected in the SSEA, CIS & MEA segment above, were $1.0 billion, $1.0 billion and $1.1 billion at December 31, 2025, 2024 and 2023, respectively. Total long-lived assets located in Italy, which is reflected in the Europe segment above, were $1.1 billion, $1.0 billion and $1.0 billion at December 31, 2025, 2024 and 2023, respectively. Total long-lived assets located in the U.S., which is reflected in the Americas segment above, were $1.6 billion at December 31, 2025.

Item 8.Financial Statements and Supplementary Data.

FAQ

What is Philip Morris International's united states — long-lived assets?
Philip Morris International (PM) reported united states — long-lived assets of $1.6B in Q4 2025.
What does united states — long-lived assets mean?
This metric represents the total book value of non-current, tangible, and intangible assets physically located or legally domiciled within the United States. It reflects the company's capital investment footprint and infrastructure commitment in the region, serving as a key indicator of operational scale and asset-heavy expansion in the US market. Investors use this to assess the geographic concentration of capital and the potential for future depreciation or amortization impacts on regional earnings.

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