# Philip Morris International share price today (Philip Morris International Inc., PM)

> Philip Morris International Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. PM · Consumer Staples · Tobacco · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/pm

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $208.03 (+44.1% in a year)
- P/E: 30.4× (higher than 85% of the last 4.6 years)
- Revenue (Sep 2026): $11.4 B (+5.5% on a year ago)
- Profit (Sep 2026): $3.3 B (−4.7% on a year ago)
- Operating margin: 41.9% (+1.3 points on a year ago)
- ROE: −141%, FY25
- ROIC: 33.6%, against a 5.7% cost of capital: +27.9 points

The main question: results are strong, and the P/E is higher than 85% of its own history. ## What is the Philip Morris International share price today? Philip Morris International Inc.'s share price was $208.03 at the close on 3 November 2026. It has been rising for 28 weeks. That is 14.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $148 and $209, and at that close it sat 99% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 5 weeks in a row. Over the last 10 years the share price moved +102% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Philip Morris International pay? Philip Morris International Inc. paid $6.01 per share over the last four reported quarters. The most recent declaration was $1.60 for Sep 2026. At today's price of $208.03 that is a yield of 2.89%, based on dividends already paid, not a forecast. ## Which stock lists is Philip Morris International on? Philip Morris International is on one of our US lists: S&P 500 companies. [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is Philip Morris International profitable? Philip Morris International Inc. earned $3.3 B of net profit in the Sep 2026 quarter, −4.7% on the same quarter a year earlier. Full-year FY25 profit was $11.3 B. Over 4 years profit has grown 5.6% a year on average. That is 28.9% of the quarter's revenue. The same quarter a year earlier earned $3.5 B. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $11.3 B (+60.9% on the year before). Why profit moved: revenue changed +5.5% on a year earlier and the margin moved +1.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −7.1% and revenue +7.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Philip Morris International make, and is it growing? Philip Morris International Inc. reported $11.4 B of revenue in the Sep 2026 quarter, +5.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 6.7% a year on average. The last full year, FY25, came in at $40.6 B. The last four reported quarters add to $43.1 B. FY25 revenue was $40.6 B, +7.3% on the year before. Recent pace: the last four quarters grew +7.9% on average, against 6.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +7.9%, against +7.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.2%, against +4.4% a year (accelerating). ## How much of every $100 of sales does Philip Morris International keep? Philip Morris International Inc.'s operating margin was 41.9% in the Sep 2026 quarter, 1.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 34.9% and 41.6%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +1.3 percentage points on the year while gross margin changed +0.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Philip Morris International's profit turning into cash? Over the last 3 years, 129% of Philip Morris International Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $12.2 B of operating cash against $11.3 B of profit. After $1.6 B of spending on assets, $10.7 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Philip Morris International's cash go? Philip Morris International Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $4.3 B on assets over the last 3 years. Averaged over those years that is 3.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $4.3 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Philip Morris International's P/E ratio, and how does it compare with its own history? Philip Morris International Inc.'s P/E is 30.4×, near the high end of its own history: higher than 85% of past readings. Its usual P/E (the middle reading) is 19.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +60.6% while the price moved +44.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +31.5% a year; about +10.0% a year came from earnings growth and about +21.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Philip Morris International business getting better or worse? Philip Morris International Inc.'s business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +46.1% at its peak to +24.2%, but the business is still expanding. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Philip Morris International earn on its capital? Philip Morris International Inc. earned a ROE of −141% in FY25. That is up from a low of −143% in FY22. Its return on capital used (ROIC) is 27.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 27.8% net margin and 0.59× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 27.8% net margin × 0.59× asset turnover × −8.62× leverage (assets divided by equity) ≈ −141.4% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 33.6% − 5.7% = +27.9 percentage points. The 5.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Philip Morris International have too much debt? Philip Morris International Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from −3.45 in FY21 to −6.18 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Philip Morris International shareholding pattern? 1.1% of Philip Morris International Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 3.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Philip Morris International from balance-sheet trouble? For Philip Morris International Inc., the Z-score is 4.55. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.55 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Philip Morris International rank in its industry? 74.4 out of 100, rank 1 of 6 in Tobacco, with 85% of the evidence available. Philip Morris International Inc. scores 74.4 out of 100 against the 6 companies it is compared with in Tobacco, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 25.2 + 18.8 + 12 + 18.4 = 74.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Philip Morris International compared with? Philip Morris International ranks 1 of 6 Tobacco companies on the 4-Factor Sector Score, with 74.4 out of 100. 1. Philip Morris International Inc. this page PM · breaking out · Most evidence points up · 85% evidence 74.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 7.9% · Profit 24.2% · Operating margin change 1.3 points · 95% evidence Capital efficiency 18.8/25 · ROCE 39.3% · Operating margin 41.9% · 76% evidence Valuation 12.0/20 · P/E 27.8× · PEG 1.16 · 65% evidence Relative strength 18.4/20 · Lead over its industry 22.4% · Lead over S&P 500 11.5% · 1 year 35.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 25.2 + 18.8 + 12 + 18.4 = 74.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Altria Group, Inc.](https://www.sectoralpha.in/us/stocks/mo) MO · turning · Most evidence points up · 81% evidence 69.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 0.9% · Profit -9.2% · Operating margin change -0.2 points · 83% evidence Capital efficiency 22.0/25 · ROCE 60.5% · Operating margin 61.7% · 76% evidence Valuation 16.5/20 · P/E 15.1× · PEG 0.4 · 65% evidence Relative strength 17.4/20 · Lead over its industry 19.8% · Lead over S&P 500 9% · 1 year 32.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 13.8 + 22 + 16.5 + 17.4 = 69.7 · What this means: Relative strength against the index is 9%, and revenue and profit growth are weak. 3. [British American Tobacco p.l.c.](https://www.sectoralpha.in/us/stocks/bti) BTI · turning · Too little evidence to rank firmly · 51% evidence 49.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue n/a · Profit n/a · Operating margin change -7.1 points · 26% evidence Capital efficiency 11.1/25 · ROCE 9.5% · Operating margin 34.9% · 76% evidence Valuation 10.0/20 · P/E 15.9× · PEG n/a · 15% evidence Relative strength 12.5/20 · Lead over its industry 8.9% · Lead over S&P 500 -1.4% · 1 year 11.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 11.1 + 10 + 12.5 = 49.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Turning Point Brands, Inc.](https://www.sectoralpha.in/us/stocks/tpb) TPB · basing · Evidence leans down · 81% evidence 37.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 24.3% · Profit 25% · Operating margin change -20 points · 83% evidence Capital efficiency 8.1/25 · ROCE 8.6% · Operating margin 4.2% · 76% evidence Valuation 11.8/20 · P/E 36.9× · PEG 1.03 · 65% evidence Relative strength 0.8/20 · Lead over its industry -20.7% · Lead over S&P 500 -29.4% · 1 year -34.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.6 + 8.1 + 11.8 + 0.8 = 37.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Universal Corporation](https://www.sectoralpha.in/us/stocks/uvv) UVV · basing · Most evidence points down · 81% evidence 27.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.5/35 · Revenue -3.1% · Profit -81.5% · Operating margin change -5.5 points · 83% evidence Capital efficiency 3.9/25 · ROCE 8.3% · Operating margin 0.4% · 76% evidence Valuation 15.7/20 · P/E 15.4× · PEG 0.33 · 65% evidence Relative strength 1.8/20 · Lead over its industry -18% · Lead over S&P 500 -26.2% · 1 year -26% · 100% evidence · 0 of 12 weeks ahead Exact sum: 6.5 + 3.9 + 15.7 + 1.8 = 27.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. AIR Global PLC AIIR · breaking out · Too little evidence to rank firmly · 20% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 0% evidence Capital efficiency 12.5/25 · ROCE n/a · Operating margin n/a · 0% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 9.6/20 · Lead over its industry -10.7% · Lead over S&P 500 -20.2% · 1 year -26.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 17.5 + 12.5 + 10 + 9.6 = 49.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Tobacco](https://www.sectoralpha.in/us/sectors/tobacco), all 6 compared on one page. ## Which companies are close to Philip Morris International in size? Philip Morris International is the largest of 6 Tobacco companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: British American Tobacco p.l.c., Altria Group, Inc., RLX Technology Inc., Turning Point Brands, Inc. and Universal Corporation. ### Tobacco companies close in size

1. Philip Morris International Inc. $324.2 billion
2. [British American Tobacco p.l.c.](https://www.sectoralpha.in/us/stocks/bti) $128.5 billion
3. [Altria Group, Inc.](https://www.sectoralpha.in/us/stocks/mo) $128 billion
4. [RLX Technology Inc.](https://www.sectoralpha.in/us/stocks/rlx) $2 billion
5. [Turning Point Brands, Inc.](https://www.sectoralpha.in/us/stocks/tpb) $1.3 billion
6. [Universal Corporation](https://www.sectoralpha.in/us/stocks/uvv) $983 million

[All 6 Tobacco companies, largest first](https://www.sectoralpha.in/us/sectors/tobacco#all-companies)

### Companies close in size in other industries

1. [The Home Depot, Inc.](https://www.sectoralpha.in/us/stocks/hd) $340.4 billion · Home Improvement Retail
2. [GE Aerospace](https://www.sectoralpha.in/us/stocks/ge) $326.3 billion · Aerospace & Defense
3. Philip Morris International Inc. $324.7 billion
4. [Intel Corporation](https://www.sectoralpha.in/us/stocks/intc) $318.7 billion · Semiconductors
5. [Novartis AG](https://www.sectoralpha.in/us/stocks/nvs) $304.6 billion · Drug Manufacturers - General

## What else do people ask about Philip Morris International? ### What is Philip Morris International's stock price today? Philip Morris International Inc.'s stock price is $208.03, +44.1% over the past year. The whole company is worth $324 B on the market. In the last 52 weeks it traded between $148 to $209; today it is 99% of the way up from the low, 14.2% above its 200-day average (as of 3 November 2026). ### What were Philip Morris International's latest quarterly results? Philip Morris International Inc. reported revenue of $11.4 B and net profit of $3.3 B for the Sep 2026 quarter. Revenue rose 5.5% and profit fell 4.7% compared with a year earlier. Earnings per share were $2.12. The operating margin was 41.9%, 1.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Philip Morris International's market cap? Philip Morris International Inc.'s market capitalisation is $324 B at a stock price of $208.03. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Philip Morris International performing? Philip Morris International Inc.'s share price has been rising for 28 weeks. In its latest quarter, revenue rose 5.5% and profit fell 4.7% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 5 weeks running (as of 3 November 2026). ### Will Philip Morris International's stock price go up? This page does not forecast Philip Morris International Inc.'s stock price. What it shows instead: the stock price is $208.03, and it has been rising for 28 weeks. Its P/E of 30.4× is higher than 85% of its own last 5 years (as of 3 November 2026). ### Where is Philip Morris International in its business cycle? Philip Morris International Inc.'s FY25 operating margin was 41.1%, against a 5-year range of 34.9% to 41.6%: the middle of its own range, neither a peak nor a low. The latest quarter was 41.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Philip Morris International story? The main question: results are strong, and the P/E is higher than 85% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Philip Morris International a stock worth studying right now? What the numbers show: Philip Morris International Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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