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Philip Morris International Inc.
Previous close
$122.55
Day range
$122.32 - $123.45
Year range
$87.23 - $123.45
Market cap
191.69B USD
Avg Volume
5.05M
P/E ratio
21.83
Dividend yield
4.22%
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 9.47B | 5.59% |
Operating expense | 2.60B | 5.27% |
Net income | 2.41B | 53.44% |
Net profit margin | 25.41 | 45.28% |
Earnings per share | 1.59 | -0.63% |
EBITDA | 3.97B | 11.14% |
Effective tax rate | 22.50% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 4.81B | 37.66% |
Total assets | 65.78B | 6.33% |
Total liabilities | 73.72B | 5.58% |
Total equity | -7.94B | — |
Shares outstanding | 1.55B | — |
Price to book | -19.55 | — |
Return on assets | 13.45% | — |
Return on capital | 21.21% | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 2.41B | 53.44% |
Cash from operations | 4.63B | 34.57% |
Cash from investing | -337.00M | 30.23% |
Cash from financing | -3.53B | -97.98% |
Net change in cash | 777.00M | -27.11% |
Free cash flow | 4.19B | 37.75% |
About
Philip Morris International Inc. is an American multinational tobacco company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris International is often referred to as one of the companies comprising Big Tobacco.
Until spun off in March 2008, Philip Morris International was an operating company of Altria. Altria explained the spin-off, arguing PMI would have more "freedom," i.e. leeway outside the responsibilities and standards of American corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets", while Altria focuses on the American domestic market. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets.
The company's legal seat is in Stamford, Connecticut, but it does not operate in the United States of America. Philip Morris USA, a subsidiary of PMI's former owner American parent Altria group, owns the Philip Morris brands there. PMI's operational headquarters are in Lausanne, Switzerland. Wikipedia
CEO
Founded
1847
Headquarters
Website
Employees
82,700