Philip Morris International Inc. (PMI) is a Swiss-American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro.
| Revenue (TTM) | $43.14B |
| Gross Profit (TTM) | $29.20B |
| EBITDA | $20.12B |
| Operating Margin | 41.90% |
| Return on Equity | 0.00% |
| Return on Assets | 16.90% |
| Revenue/Share (TTM) | $27.70 |
| Book Value | $-5.09 |
| Price-to-Book | 1318.70 |
| Price-to-Sales (TTM) | 7.15 |
| EV/Revenue | 8.23 |
| EV/EBITDA | 18.42 |
| Quarterly Earnings Growth (YoY) | -4.80% |
| Quarterly Revenue Growth (YoY) | 5.50% |
| Shares Outstanding | $1.56B |
| Float | $1.55B |
| % Insiders | 0.16% |
| % Institutions | 84.39% |
Volatility is currently expanding
Both tobacco giants beat earnings estimates, raised their dividends, and surged more than 30% this year, but they pull retirees in opposite directions when it comes to income now versus income later.
Five income stocks cleared a rare filter this year: every single one raised its dividend payout, even as interest rates punished yield hunters.
Philip Morris (PM) delivered a solid Q3, with EPS and revenue beats, and raised its dividend by 8.8% to $1.60 per share. Smoke-free revenue now exceeds 40%, but growth in IQOS slowed due to regulatory headwinds; cigarette pricing continues to drive top-line gains. U.S. revenue rose 22.7%, but profit growth lagged due to higher marketing spend defending ZYN amid intensifying competition and price wars.
Philip Morris maintains its 2026 earnings outlook despite geopolitical costs, as rising ZYN investments and smoke-free expansion pressure U.S. profitability.
Organic net revenue grew 7% in the third quarter of 2026. Philip Morris transitions ZYN cans from 15 to 20 pouches.
Philip Morris International Inc. ( PM ) Q3 2026 Earnings Call October 21, 2026 9:00 AM EDT Company Participants James Bushnell - Vice President of Investor Relations & Financial Communications Massimo Andolina - Group Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Group, Inc., Research Division Matthew Smith - Stifel, Nicolaus & Company, Incorporated, Research Division Eric Serotta - Morgan Stanley, Research Division Pallav Mittal - Barclays Bank PLC, Research Division Andrei Andon-Ionita - Jefferies LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Philip Morris International 2026 Third Quarter Results.
Philip Morris International NYSE: PM reported third-quarter results marked by higher revenue, operating income and adjusted earnings per share, as growth in smoke-free products and resilient cigarette performance helped offset increased costs tied to geopolitical disruptions and U.S. investments.
Philip Morris beats Q3 earnings and revenue estimates on strong pricing and smoke-free demand, updates its 2026 EPS outlook and reports margin expansion.
Philip Morris International reported higher revenue in the latest quarter, though profit fell as the company faced inflationary pressures and stepped up its investments.
The tobacco giant says it anticipates these global conflicts will impact operating income this year.
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