Philip Morris International

PM · NYSE · USD

$187.46−0.38%−$0.72

Close · October 2, 2026

At a glance

Revenue growth: +7.31%; 2025 vs 2024
Net income growth: +60.80%; 2025 vs 2024
Net margin: 27.9%; 2024: 18.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	69,185	61,784	65,304	61,681	41,290	44,815	42,875	39,801	42,968	36,851
Current assets	24,363	20,170	19,755	19,619	17,717	21,492	20,514	19,442	21,594	17,608
Cash and equivalents	4,872	4,216	3,060	3,207	4,496	7,280	6,861	6,593	8,447	4,239
Receivables	5,810	4,675	4,391	4,756	3,940	3,761	3,717	3,564	3,738	3,499
Inventory	11,478	9,453	10,774	9,886	8,720	9,591	9,235	8,804	8,806	9,017
Net property, plant and equipment	9,076	7,895	8,147	7,304	6,694	7,062	7,397	7,201	7,271	6,064
Goodwill	17,264	16,600	16,779	19,655	6,680	5,964	5,858	7,189	7,666	7,324
Other intangible assets	10,884	11,327	9,864	6,732	2,818	2,019	2,113	2,278	2,432	2,470
Long-term investments	2,968	2,658	4,929	4,431	4,463	4,798	4,635	1,269	1,074	1,011
Current liabilities	25,427	22,915	26,383	27,336	19,255	19,615	18,833	17,191	15,962	16,467
Accounts payable	4,407	3,952	4,143	4,076	3,331	2,780	2,299	2,068	2,242	1,666
Long-term debt	45,085	42,139	41,238	34,911	24,760	28,144	26,600	26,942	31,306	25,851
Total debt	49,427	46,215	46,690	38,183	28,117	31,999	31,470	31,029	33,840	28,424
Total liabilities	77,213	71,654	74,750	67,992	49,498	55,446	52,474	50,540	53,198	47,751
Total equity (incl. minority)	-8,028	-9,870	-9,446	-6,311	-8,208	-10,631	-9,599	-10,739	-10,230	-10,900
Retained earnings	35,400	32,869	34,090	34,289	33,082	31,638	30,987	31,014	29,859	30,397
Minority interest	1,966	1,880	1,779	2,646	1,898	1,936	1,978	1,720	1,856	1,788