Stocks · Consumer Defensive · Tobacco
Philip Morris International Inc. PM
$187.46 -0.38% Close, Oct 2, 2026 · NYSE · Market cap $292.18B
Strong growthHigh qualityStrong trendExpensive vs sectorLow risk
Next earnings report: Oct 21, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in an uptrend: above its 200-day average for 108 trading days, with the 50-day average above the 200-day.
- Diluted EPS over the last four quarters was $6.96, up 32.1% year over year.
- Revenue over the last four quarters was $42.55B, up 8.9% from a year earlier.
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 27%
- EPS growth (TTM, YoY)Top 22%
- FCF growth (TTM, YoY)Top 23%
- Revenue growth, 3-year CAGRTop 25%
- Revenue growth accelerationTop 41%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 4%
- Gross marginTop 9%
- Operating marginTop 1%
- Cash conversion (OCF / net income)Bottom 29%
- Accruals (lower is better)Bottom 41%
- Net debt / EBITDA (lower is better)Bottom 41%
- Interest coverTop 36%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 47%
- Free-cash-flow yieldBottom 37%
- EBITDA / enterprise valueBottom 32%
- Sales / enterprise valueBottom 3%
- P/E vs own 5-year history (lower is better)Bottom 22%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 24%
- 6-month returnTop 15%
- 1-year return vs S&P 500Top 22%
- Distance from 52-week highTop 8%
- Trend checklist (0–4)Top 24%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 40%
- Consecutive EPS beatsTop 45%
- Share of analysts rating BuyTop 26%
- Upside to consensus price targetBottom 24%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 17%
- Maximum drawdown, 3 yearsTop 7%
- Beta vs S&P 500 (lower is better)Top 4%
- Net debt / EBITDA (lower is better)Bottom 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 8.1% | 8.9% | ↑ |
| EPS growth (YoY) | 46.3% | 32.1% | ↓ |
| Gross margin | 66.4% | 67.5% | ↑ |
| Operating margin | 36.4% | 37.7% | ↑ |
| FCF margin | 23.0% | 29.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.9% | 8.1% | ↑ | Top 27% |
| EPS growth (TTM, YoY) | 32.1% | 46.3% | ↓ | Top 22% |
| Gross margin | 67.5% | 66.4% | ↑ | Top 9% |
| Operating margin | 37.7% | 36.4% | ↑ | Top 1% |
| Net margin | 25.6% | 21.1% | ↑ | — |
| Free-cash-flow margin | 29.9% | 23.0% | ↑ | — |
| Return on invested capital | 26.3% | — | Top 4% | |
| Revenue growth, 3-year CAGR | 8.6% | — | Top 25% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.31×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +1.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 2.37×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 10.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.08%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 3.08%
- Share count change, 1 year
- +0.3%
- Share count change, 3-year CAGR
- +0.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 24, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +5.0%
- Average 2-day reaction, last 8
- +2.8%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $212.17
- Target vs current price
- +13.2%
- Analysts with a rating
- 25
- Share rating Buy or Strong Buy
- 68%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 22, 2026 | +7.3% | +3.3% | +6.5% | -0.2% | — |
| Apr 22, 2026 | +5.4% | +7.0% | +8.2% | +25.0% | +25.9% |
| Feb 6, 2026 | +0.0% | +0.4% | +3.8% | -6.6% | -7.0% |
| Oct 21, 2025 | +7.2% | -3.8% | -3.1% | -3.4% | +9.2% |
| Jul 22, 2025 | +2.7% | -8.4% | -12.6% | -7.7% | -11.9% |
| Apr 23, 2025 | +5.0% | +2.3% | +3.7% | +6.1% | +8.9% |
| Feb 6, 2025 | +4.0% | +10.9% | +14.4% | +17.2% | +30.4% |
| Oct 22, 2024 | +4.9% | +10.5% | +9.7% | +10.7% | +2.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 22, 2026 | $2.20 | $2.05 | +7.3% | $11.19B |
| Apr 22, 2026 | $1.96 | $1.86 | +5.4% | $10.15B |
| Feb 6, 2026 | $1.70 | $1.70 | +0.0% | $10.36B |
| Oct 21, 2025 | $2.24 | $2.09 | +7.2% | $10.85B |
| Jul 22, 2025 | $1.91 | $1.86 | +2.7% | $10.14B |
| Apr 23, 2025 | $1.69 | $1.61 | +5.0% | $9.30B |
| Feb 6, 2025 | $1.55 | $1.49 | +4.0% | $9.71B |
| Oct 22, 2024 | $1.91 | $1.82 | +4.9% | $9.91B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 26.9× | 18.6× | 76th | Top 47% |
| P/E (forward) | 22.3× | — | — | — |
| EV / EBITDA | 18.4× | — | — | Bottom 32% |
| EV / Sales | 7.88× | — | — | Bottom 3% |
| Free-cash-flow yield | 4.35% | — | — | Bottom 37% |
| Earnings yield | 3.71% | — | — | Top 47% |
P/E over the past five years
Range 16.0× – 35.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +16.5%
- Earnings per share growth (TTM)
- +32.1%
- Change in P/E multiple
- -9.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 108
- 50-day average slope (20 days)
- +1.1%
- 200-day average slope (20 days)
- +2.1%
- Distance from 50-day average
- -1.3%
- Distance from 200-day average
- +5.4%
- RSI (14)
- 45.0
- Relative volume
- 0.69×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.5%
- Volatility vs own 5-year history
- 63th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- -0.05
- Correlation with S&P 500
- -0.03
- Current drawdown from 1-year high
- -6.3%
- Maximum drawdown, 3 years
- -22.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 17, 2022 | Sep 30, 2022 | -25.8% | 155 days | 455 days (Jul 25, 2024) |
| Jun 23, 2025 | Oct 31, 2025 | -22.0% | 92 days | 69 days (Feb 11, 2026) |
| Feb 25, 2026 | Apr 21, 2026 | -19.3% | 38 days | 17 days (May 14, 2026) |
| Sep 3, 2021 | Nov 30, 2021 | -19.0% | 60 days | 51 days (Feb 11, 2022) |
| Nov 29, 2024 | Jan 10, 2025 | -12.0% | 27 days | 18 days (Feb 6, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $292.18B
- P/E (TTM)
- 26.9
- EPS, diluted (TTM)
- $6.96
- Revenue (TTM)
- $42.55B
- Dividend yield
- 3.21%
- 52-week range
- $142.11 – $207.76
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $31.41B | $31.76B | $35.17B | $37.88B | $40.65B |
| Gross profit | $21.38B | $20.36B | $22.28B | $24.55B | $27.28B |
| Operating income | $12.97B | $12.25B | $11.56B | $13.40B | $14.93B |
| Net income | $9.11B | $9.05B | $7.79B | $7.03B | $11.35B |
| EPS (diluted) | $5.83 | $5.81 | $5.02 | $4.52 | $7.26 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.91B | $9.71B | $9.30B | $10.14B | $10.85B | $10.36B | $10.15B | $11.19B |
| Net income | $3.08B | -$579.0M | $2.69B | $3.04B | $3.48B | $2.14B | $2.44B | $2.82B |
| EPS (diluted) | $1.97 | -$0.37 | $1.72 | $1.95 | $2.23 | $1.37 | $1.56 | $1.80 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $11.97B | $10.80B | $9.20B | $12.22B | $12.23B |
| Capital expenditure | -$748.0M | -$1.08B | -$1.32B | -$1.44B | -$1.57B |
| Free cash flow | $11.22B | $9.73B | $7.88B | $10.77B | $10.66B |
| Dividends paid | -$7.58B | -$7.81B | -$7.96B | -$8.20B | -$8.62B |
| Net share buybacks | -$775.0M | -$209.0M | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $6.00B
- Total assets
- $68.27B
- Total liabilities
- $74.93B
- Total debt
- $49.11B
- Net debt
- $43.11B
- Shareholders’ equity
- -$8.58B
As of Jun 30, 2026 (filed Jul 24, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 2, 2026 | $1.60 | Oct 26, 2026 |
| Jun 25, 2026 | $1.47 | Jul 20, 2026 |
| Mar 19, 2026 | $1.47 | Apr 13, 2026 |
| Dec 26, 2025 | $1.47 | Jan 14, 2026 |
| Oct 3, 2025 | $1.47 | Oct 20, 2025 |
| Jun 27, 2025 | $1.35 | Jul 15, 2025 |
| Mar 20, 2025 | $1.35 | Apr 10, 2025 |
| Dec 26, 2024 | $1.35 | Jan 13, 2025 |
Short interest
- Shares sold short
- 13,817,309
- Days to cover
- 3.55
- Change vs previous report
- -16.7%
FINRA short interest, settlement date Sep 15, 2026.