PM
Philip Morris International
$189.02
▲ 0.5%Updated Aug 7, 11:30 AM ET
PM at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 62/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 2.3% over the last 12 months
Market Cap
$284.08B
P/E
26.23x
Forward P/E (est.)
18.73x
ROE
575.4%
Revenue Growth
8.1%
EPS Growth
45.9%
Profit Margin
26.7%
FCF Yield
3.6%
Debt / Equity
80.98x
ROIC
157.0%
Interest Coverage
9.76x
Current Ratio
0.98x
Dividend Yield
3.2%
Implied Growth (rev. DCF)
5.1%
Rating Score
62/100
Philip Morris International (PM) is a mega-cap company in the Tobacco industry, part of the Consumer Staples sector of the S&P 500, with a market value around $284.08B.
In its latest reported year it generated about $40.65B in revenue and $11.35B in net profit.
Our model rates PM Favorable (62/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
65.1% average over the last 3 years
±1.5 pts around 65.1% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 10 of 10 years
157.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PM trades near $189.02, above its 50-day average ($177.85) and 200-day average ($167.12). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 52 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. PM's is $4.93 (~2.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month PM found buyers near $172.29 (support) and sellers near $186.22 (resistance); its 52-week range is $142.11–$193.05. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
6.7%
Revenue moved from $26.68B in 2016 to $40.65B in 2025, a 4.8% compound annual growth rate. The most recent year grew a steady 8.1% year over year. Slower, mature growth is common for established businesses.
Gross Margin
67.1%
Operating Margin
36.6%
Net Margin
27.9%
ROE
575.4%
Philip Morris International keeps about 26.7% of each sales dollar as net profit, with a 67.1% gross margin and 36.6% operating margin. Return on equity is 575.4% and return on invested capital about 157.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$16.76B
Net Debt
$11.31B
Net Debt / EBITDA
0.76x
Debt / Equity
80.98x
Leverage: debt-to-equity is 81.0x, and operating profit covers interest about 9.8x, with a current ratio of 1.0x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $16.76B of total debt against $5.45B of cash.
Operating CF
$12.23B
Free Cash Flow
$10.66B
FCF Margin
26.2%
In the latest year Philip Morris International produced about $12.23B of operating cash flow and $10.66B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.6% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
3.2%
Per share (latest FY)
$5.64
Total paid (latest FY)
$8.62B
History on record
10 years
dividend uses 81% of free cash flow
76% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
26.23x
P/S
6.97x
P/B
—
EV / EBITDA
—
PM trades at 26.2x trailing earnings (about 18.7x on estimated forward earnings), 7.0x sales. Reverse-engineering today's price implies the market expects roughly 5.1% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$147.85
Current price
$189.02
Starting FCF (latest 10-K)
$10.66B
Growth, years 1–5
8.1%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where PM sits versus its Consumer Staples sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 48 Consumer Staples companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How PM stacks up against its Consumer Staples peers — valuation, profitability, and growth versus the sector median.
In the Consumer Staples sector (74 S&P 500 companies), PM ranks #8 of 74 by our overall rating. It trades at a premium versus the sector on earnings (26.2x P/E vs. 22x median) with a higher return on equity (575.4% vs. 18.1%) and faster revenue growth (8.1% vs. 3.4%).
P/E vs sector
26.2x
median 22x
ROE vs sector
575.4%
median 18.1%
Growth vs sector
8.1%
median 3.4%
Sector rank
#8
of 74 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Consumer Staples companies by sub-industry and size. Sector median is across all 74 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $189.02 today · expected CAGR -1% – 9%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $43.90B | $47.41B | $51.20B | $55.30B | $59.73B |
| Net income | $12.29B | $13.28B | $14.34B | $15.48B | $16.72B |
| EPS | $8.18 | $8.83 | $9.54 | $10.30 | $11.13 |
| Share price (low) | $130.86 | $141.33 | $152.64 | $164.85 | $178.03 |
| Share price (high) | $212.65 | $229.66 | $248.03 | $267.88 | $289.31 |
| CAGR (low–high) | -31% / 13% | -14% / 10% | -7% / 9% | -3% / 9% | -1% / 9% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for PM:
- High net margins (26.7%) point to pricing power or efficiency.
- Strong return on equity (575.4%) shows capital is put to work well.
- Pays a 3.2% dividend on top of any price gains.
- Our model's overall read is Favorable (62/100).
The case against PM:
- Elevated leverage (debt/equity 81.0x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Balance-sheet risk — debt/equity of 81.0x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Philip Morris International is a mega-cap consumer staples business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 26.2x earnings, which our model scores Favorable (62/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 27 Wall Street analysts covering PM recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+4 pts of buy ratings).
Latest SEC Filings
PM's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
PM — frequently asked questions
Is PM a good stock to buy?
We don't give buy or sell advice. Our model rates Philip Morris International Favorable (62/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PM's rating on The Stocks School?
Philip Morris International currently scores 62/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PM's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Philip Morris International's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PM calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this PM analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PM. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.