Financials Philip Morris International, Inc.

Equities

PM

US7181721090

Tobacco

Market Closed - Nyse Other stock markets 01:30:03 11/03/2026 am IST			5-day change	1st Jan Change
172.87 ^USD	-0.22%		-2.84%	+7.77%

05/03	Philip Morris International Inc. Declares A Regular Quarterly Dividend, Payable on April 13, 2026	CI
05/03	Philip Morris Keeps Quarterly Dividend at $1.47 per Share, Payable April 13 to Holders of Record as of March 19	MT

Projected Income Statement: Philip Morris International, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	31,405	31,762	35,174	37,878	40,648	43,699	46,717	49,756
Change	-	1.14%	10.74%	7.69%	7.31%	7.51%	6.91%	6.51%
EBITDA ¹	14,486	13,802	14,193	15,580	17,375	18,962	19,956	21,932
Change	-	-4.72%	2.83%	9.77%	11.52%	9.13%	5.24%	9.9%
EBIT ¹	13,488	12,908	13,337	14,688	16,428	17,817	19,430	20,713
Change	-	-4.3%	3.32%	10.13%	11.85%	8.46%	9.05%	6.61%
Interest Paid ¹	-628	-588	-1,061	-1,143	-966	-1,037	-1,055	-1,039
Earnings before Tax (EBT) ¹	12,232	11,634	10,450	12,199	13,880	15,726	17,272	18,962
Change	-	-4.89%	-10.18%	16.74%	13.78%	13.3%	9.83%	9.79%
Net income ¹	9,109	9,048	7,813	7,057	11,348	12,405	13,566	14,780
Change	-	-0.67%	-13.65%	-9.68%	60.8%	9.31%	9.36%	8.95%
Announcement Date	10/02/22	09/02/23	08/02/24	06/02/25	06/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	7,585	7,594	8,122	8,104	7,746	7,832	8,032	8,152	8,019	8,967	9,141	9,047	8,793	9,468	9,911	9,706	9,301	10,140	10,845	10,362	9,911	10,747	11,654	11,285	10,620	11,572	12,462	12,022
Change	-	0.12%	6.95%	-0.22%	-4.42%	1.11%	2.55%	1.49%	-1.63%	11.82%	1.94%	-1.03%	-2.81%	7.68%	4.68%	-2.07%	-4.17%	9.02%	6.95%	-4.45%	-4.36%	8.44%	8.44%	-3.16%	-5.9%	8.96%	7.7%	-3.53%
EBITDA	3,737	3,693	3,784	3,272	3,589	3,470	3,542	3,201	3,215	3,745	3,950	3,283	3,592	3,875	4,380	3,733	4,012	4,475	4,911	3,977	-	-	-	-	-	-	-	-
Change	-	-1.18%	2.46%	-13.53%	9.69%	-3.32%	2.07%	-9.63%	0.44%	16.49%	5.47%	-16.89%	9.41%	7.88%	13.03%	-14.77%	7.47%	11.54%	9.74%	-19.02%	-	-	-	-	-	-	-	-
EBIT ¹	3,492	3,454	3,549	2,993	3,340	3,224	3,330	2,976	3,019	3,532	3,734	3,052	3,360	3,656	4,153	3,519	3,790	4,246	4,670	3,722	4,067	4,615	5,157	4,285	4,536	5,088	5,656	4,676
Change	-	-1.09%	2.75%	-15.67%	11.59%	-3.47%	3.29%	-10.63%	1.44%	16.99%	5.72%	-18.26%	10.09%	8.81%	13.59%	-15.27%	7.7%	12.03%	9.99%	-20.3%	9.28%	13.47%	11.74%	-16.91%	5.84%	12.19%	11.15%	-17.33%
Charge d'intérêts ¹	-167	-161	-154	-146	-154	-126	-138	-170	-230	-297	-261	-273	-299	-329	-189	-326	-241	-277	-230	-218	-240.7	-252.3	-238.3	-232.7	-245.5	-245.5	-245	-245
Earnings before Tax (EBT) ¹	3,249	2,941	3,274	2,768	3,140	2,925	2,823	2,746	2,479	2,263	3,101	2,607	2,731	3,101	3,450	2,917	3,291	3,424	4,019	3,146	3,413	3,979	4,580	3,622	3,395	4,064	4,754	3,804
Change	-	-9.48%	11.32%	-15.46%	13.44%	-6.85%	-3.49%	-2.73%	-9.72%	-8.71%	37.03%	-15.93%	4.76%	13.55%	11.25%	-15.45%	12.82%	4.04%	17.38%	-21.72%	8.48%	16.58%	15.11%	-20.91%	-6.26%	19.68%	17%	-19.98%
Net income ¹	2,418	2,172	2,426	2,093	2,331	2,233	2,087	2,397	1,995	1,568	2,054	2,196	2,148	2,406	3,082	-579	2,690	3,039	3,478	2,141	2,690	3,148	3,600	2,922	2,590	3,158	3,669	2,903
Change	-	-10.17%	11.69%	-13.73%	11.37%	-4.2%	-6.54%	14.85%	-16.77%	-21.4%	30.99%	6.91%	-2.19%	12.01%	28.1%	-118.79%	564.59%	12.97%	14.45%	-38.44%	25.65%	17.02%	14.35%	-18.83%	-11.37%	21.93%	16.2%	-20.89%
Announcement Date	20/04/21	20/07/21	19/10/21	10/02/22	21/04/22	21/07/22	20/10/22	09/02/23	20/04/23	20/07/23	19/10/23	08/02/24	23/04/24	23/07/24	22/10/24	06/02/25	23/04/25	22/07/25	21/10/25	06/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Philip Morris International, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	23,310	39,916	44,849	41,479	43,963	41,464	37,244	35,370
Change	-	71.24%	12.36%	-7.51%	5.99%	-5.68%	-10.18%	-5.03%
Announcement Date	10/02/22	09/02/23	08/02/24	06/02/25	06/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Philip Morris International, Inc.

Fiscal Period: December	2021	2022	2023	2024	2026	2027	2028
CAPEX ¹	748	1,077	1,321	1,444	1,552	1,576	1,631
Change	-	43.98%	22.66%	9.31%	-	1.54%	3.5%
Free Cash Flow (FCF) ¹	11,219	9,726	7,883	10,773	-	14,450	15,336
Change	-	-13.31%	-18.95%	36.66%	-	-	6.13%
Announcement Date	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Philip Morris International, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	46.13%	43.45%	40.35%	41.13%	42.75%	43.39%	42.72%	44.08%
EBIT Margin (%)	42.95%	40.64%	37.92%	38.78%	40.42%	40.77%	41.59%	41.63%
EBT Margin (%)	38.95%	36.63%	29.71%	32.21%	34.15%	35.99%	36.97%	38.11%
Net margin (%)	29%	28.49%	22.21%	18.63%	27.92%	28.39%	29.04%	29.71%
FCF margin (%)	35.72%	30.62%	22.41%	28.44%	-	-	30.93%	30.82%
FCF / Net Income (%)	123.16%	107.49%	100.9%	152.66%	-	-	106.51%	103.76%
Profitability
ROA	21.16%	18.03%	14.7%	16.09%	17.94%	17.58%	20.2%	20.84%
ROE	-	-	-	-	-	-	-	1,392.25%
Financial Health
Leverage (Debt/EBITDA)	1.61x	2.89x	3.16x	2.66x	2.53x	2.19x	1.87x	1.61x
Debt / Free cash flow	2.08x	4.1x	5.69x	3.85x	-	-	2.58x	2.31x
Capital Intensity
CAPEX / Current Assets (%)	2.38%	3.39%	3.76%	3.81%	-	3.55%	3.37%	3.28%
CAPEX / EBITDA (%)	5.16%	7.8%	9.31%	9.27%	-	8.19%	7.9%	7.44%
CAPEX / FCF (%)	6.67%	11.07%	16.76%	13.4%	-	-	10.91%	10.64%
Items per share
Cash flow per share ¹	7.676	6.961	5.927	7.852	7.54	8.756	10.03	11.31
Change	-	-9.32%	-14.86%	32.48%	-3.96%	16.12%	14.51%	12.85%
Dividend per Share ¹	4.9	5.04	5.2	5.4	-	5.975	6.337	6.736
Change	-	2.86%	3.17%	3.85%	-	-	6.06%	6.3%
Book Value Per Share ¹	-6.486	-5.771	-7.228	-7.551	-6.415	-4.11	-1.165	-1.026
Change	-	11.03%	-25.24%	-4.48%	15.05%	35.92%	71.65%	11.91%
EPS ¹	5.83	5.81	5.02	4.52	7.26	7.958	8.72	9.544
Change	-	-0.34%	-13.6%	-9.96%	60.62%	9.62%	9.57%	9.45%
Nbr of stocks (in thousands)	15,56,828	15,50,202	15,52,406	15,54,833	15,56,639	15,56,680	15,56,680	15,56,680
Announcement Date	10/02/22	09/02/23	08/02/24	06/02/25	06/02/26	-	-	-