Philip Morris International Inc.(PM)Stock Analysis
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Rank #41 of 2,879 stocksTOP 5%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PM Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Philip Morris International Inc. (PM), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores PM at 80.5/100 on a 32-signal composite quality model, placing it at rank #41 of 2,879 stocks — the top 5% of the AI-ranked universe. PM scores in the top quartile across revenue scale (96.5), balance sheet strength (94.8), profitability (90.8). Based on the latest XBRL financial filings (Q1 2026), Philip Morris International Inc. reports quarterly revenue of $10.1B, net income of $2.4B, an operating margin of 38.4%. Top institutional holders of PM by reported 13-F value include Capital World Investors, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PM trades on the NYSE exchange and files with the SEC under CIK 1413329. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Philip Morris International Inc. directly from SEC EDGAR. Philip Morris International Inc.'s 13F Pro composite quality score has ranged between 51 and 85 since 2021, currently 80.5 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving PM's Business? Latest 10-Q Breakdown
AI-extracted from Philip Morris International Inc.'s 10-Q filed 2026-04-24 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net revenues increased 9.1% to $10.1B, driven by favorable pricing and smoke-free product growth, though diluted EPS declined 9.3% to $1.56 due to unfavorable fair value adjustments on equity investments.
Biggest Revenue Drivers
Total revenue: $10.1B+9.1% YoY
Favorable pricing partly offset by unfavorable volume/mix and lower cigarette volumes in Indonesia, Russia, Germany, and Mexico.
Higher HTU and e-vapor volumes and favorable HTU pricing, notably from Italy, Global Travel Retail, Taiwan, and Russia.
Lower ZYN volumes due to distributor and trade inventory movements and unfavorable price comparison from low promotional activity in prior year.
Largest Expense Items
Higher manufacturing costs in U.S. segment; favorable pricing variance and cost benefits in International Smoke-Free partly offset unfavorable volume/mix.
Includes $24M restructuring charges related to U.S. footprint optimization and Further Integration Program; higher operating costs.
Minimal change from prior year period.
Watch Items from the Filing
- U.S. oral smoke-free products volume declined 21.3% to 2.8B units; ZYN shipments down 23.5% due to distributor inventory movements and challenging promotional comparison, though Nielsen offtake grew 10%.
- Germany heated tobacco products supplemental tax surcharge: PMI paid EUR 721M ($751M) in January 2025 pending appeal outcome; unfavorable ruling would negatively impact future cash flow; favorable outcome would benefit future results.
- Fair value loss on equity securities (India, Sri Lanka) of $338M after-tax ($0.22 per diluted EPS) in Q1 2026 vs. $143M after-tax gain ($0.09 per share) in Q1 2025; significant volatility in these investments.
- Russia represents approximately 9% of total shipment volume and 6% of net revenues; carries material risks from ongoing geopolitical tensions, currency devaluation, and potential asset impairment if divestment becomes necessary.
- Litigation related to ZYN nicotine pouches: Multiple cases filed since March 2024; Kelly class action moved to discovery with trial scheduled December 2026; Baltimore case pending remand decision; material outcomes remain uncertain.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$10.1B
Net Income
Q1 2026
$2.4B
Free Cash Flow
Q1 2026
$-752.0M
Operating Margin
Q1 2026
38.4%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+7.7% YoYNet Income
-9.7% YoYOperating Income
+16.0% YoYEPS (Diluted)
-10.0% YoYTotal Assets
-5.4% YoYTotal Debt
-4.6% YoYOp. Cash Flow
+32.7% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $37.88B +7.7% | $35.17B +10.7% | $31.76B +1.1% | $31.41B +5.4% | $29.80B -61.8% | $78.10B |
| Net Income | $7.06B -9.7% | $7.81B -13.6% | $9.05B -0.7% | $9.11B +26.8% | $7.18B +19.1% | $6.04B |
| Operating Income | $13.40B +16.0% | $11.56B -5.6% | $12.25B -5.6% | $12.97B +23.2% | $10.53B -9.1% | $11.58B |
| EPS (Diluted) | $4.52 -10.0% | $5.02 -13.6% | $5.81 -0.3% | $5.83 +26.5% | $4.61 +18.8% | $3.88 |
| Total Assets | $61.78B -5.4% | $65.30B +5.9% | $61.68B +49.4% | $41.29B -3.7% | $42.88B -0.2% | $42.97B |
| Total Debt | $45.70B -4.6% | $47.91B +11.1% | $43.12B +55.1% | $27.81B -10.4% | $31.05B -9.6% | $34.34B |
| Operating Cash Flow | $12.22B +32.7% | $9.20B -14.8% | $10.80B -9.7% | $11.97B +18.6% | $10.09B +13.2% | $8.91B |
AI Insight: PM Financial Trends
Philip Morris delivered strong revenue growth with Q1 2026 sales up 9% year-over-year, but persistent negative equity signals heavy debt burden concerns.
• Revenue grew from $9,301M in Q1 2025 to $10,146M in Q1 2026, representing 9.1% year-over-year growth.
• Operating income improved from $3,544M in Q1 2025 to $3,893M in Q1 2026, up 9.8% year-over-year.
• Total debt increased from $49,579M in Q1 2025 to $51,948M in Q1 2026, rising $2.4B.
• Equity remains deeply negative at -$9,279M in Q1 2026, though improved from -$10,901M in Q1 2025.
⚠ Operating cash flow turned negative in both Q1 2025 and Q1 2026, showing seasonal weakness.
⚠ Net income volatility with Q4 2024 loss of $579M followed by recovery in subsequent quarters.
AI Insight: PM Ratio Trends
Philip Morris shows volatile but resilient profitability with operating margins consistently above 32% despite Q4 seasonal weakness.
• Operating margin peaked at 39.3% in Q3 2025, demonstrating strong pricing power and cost control.
• Net profit margin recovered to 24.0% in Q1 2026 after Q4 2025's drop to 20.7%.
• ROIC reached 43.5% in Q3 2025, the highest level across all quarters shown.
⚠ Q4 seasonal margin compression pattern persists, with operating margin falling to 32.6% in Q4 2025.
⚠ Q4 2024 showed negative net margin of -6.0%, indicating potential for significant one-off impacts.
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Available Research
13F Pro tracks comprehensive data for Philip Morris International Inc. including:
Top Institutional Holders of PM
Capital World Investors
$22.1B133,450,504 shBlackRock, Inc.
$17.8B107,532,073 shVANGUARD CAPITAL MANAGEMENT LLC
$16.7B101,156,274 shCapital Research Global Investors
$13.2B79,823,025 shCapital International Investors
$12.0B72,761,312 shSTATE STREET CORP
$9.2B55,033,026 shGQG Partners LLC
$8.3B50,105,900 shFMR LLC
$7.4B44,770,603 shGEODE CAPITAL MANAGEMENT, LLC
$6.4B38,461,183 shVANGUARD PORTFOLIO MANAGEMENT LLC
$4.9B29,577,453 sh
| Fund | Value | Shares |
|---|---|---|
| Capital World Investors | $22.1B | 133,450,504 |
| BlackRock, Inc. | $17.8B | 107,532,073 |
| VANGUARD CAPITAL MANAGEMENT LLC | $16.7B | 101,156,274 |
| Capital Research Global Investors | $13.2B | 79,823,025 |
| Capital International Investors | $12.0B | 72,761,312 |
| STATE STREET CORP | $9.2B | 55,033,026 |
| GQG Partners LLC | $8.3B | 50,105,900 |
| FMR LLC | $7.4B | 44,770,603 |
| GEODE CAPITAL MANAGEMENT, LLC | $6.4B | 38,461,183 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $4.9B | 29,577,453 |
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Popular Research
Is PM a good stock to buy?
13F Pro's AI-powered analysis of Philip Morris International Inc. (PM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PM are available on the PM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PM?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Philip Morris International Inc.'s investment landscape.