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CompareEarnings: May 31, 2026

Philip Morris International Inc

Exchange: NYSESector: Consumer DefensiveIndustry: Tobacco

Delivering a Smoke-Free Future Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements.

Did you know?

Pays a 3.27% dividend yield.

Current Price

$169.19

+3.20%

GoodMoat Value

$144.60

14.5% overvalued
Profile
Valuation (TTM)
Market Cap$263.37B
P/E23.21
EV$298.07B
P/B—
Shares Out1.56B
P/Sales6.48
Revenue$40.65B
EV/EBITDA18.03

Philip Morris International Inc (PM) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Philip Morris International is a global tobacco giant transitioning from cigarettes to smoke-free products like IQOS. It possesses a strong brand moat and pricing power but faces significant regulatory and disruption risks. A value investor may find its stable cash flows and dividend attractive, but must weigh them against the structural decline of its core market and high debt.

Read full analysis
Philip Morris International (PM) is a leading global tobacco company that manufactures and sells cigarettes, heated tobacco units, and other nicotine products. Its primary customers are adult smokers worldwide, outside the United States. The company is actively pivoting its business model, with its flagship 'smoke-free' product, IQOS, representing a significant growth driver aimed at replacing combustible cigarettes. PM's competitive moat is anchored in powerful global brands like Marlboro, which create immense pricing power and customer loyalty, allowing it to raise prices without significant volume loss. The framework's Moat Identification section highlights this as a key strength. However, the business faces substantial risks. Section 5 of the framework flags High Confidence Red Flags like severe regulatory risk, as governments globally impose stricter rules and taxes on tobacco, and competitive erosion from illicit trade and new nicotine alternatives. The provided data shows a solid profit margin of 27.9% and a 3.35% dividend yield, but revenue growth of 6.8% is modest, and the high debt level (implied by the lack of a Debt/Equity ratio) is a concern. The GoodMoat Target price of $144.60 suggests the current price of $165.5 may be unfavourable from a strict value perspective, indicating limited margin of safety. A value investor might be interested in its cash-generative, defensive profile but must be cautious of the long-term existential threats to the industry.

PM Company Information

Delivering a Smoke-Free Future Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders.

PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.

S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke.

Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements.

Sector

Consumer Defensive

Industry

Tobacco

Exchange

NYSE

Country

New York, USA

PM Key Officers

Key officers data coming soon

PM Company Profile

Philip Morris International Inc (PM) is a Consumer Defensive company in the Tobacco industry. It trades on NYSE. The company is based in New York, USA.

Delivering a Smoke-Free Future Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements.

Market cap is $263.37B. There are 1556.6M shares outstanding. Dividend yield is 3.27%.

See the full Philip Morris International Inc profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if PM is a good investment.