PM
Philip Morris International Inc. Consumer Staples Cigarettes S&P 500Russell 3000
$208.79Close
$440.4BMarket cap
$140.59 – $208.7952-week range
Mid-januaryNext report · estimated
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- RS line at a 1-year high outperforming the S&P 500 more than at any point this year
- Near its high at its 52-week high
Cautions
- Earnings shrinking EPS −5% year on year
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
0%
1wk
up 4.7%
price change
1mo
up 10.4%
price change
12-month return
up 47%
market up 11% ·
its own up 35%
F-score
8 / 9
Exceptional
Altman Z
5.42
Low risk
P/E
38.8×
price / earnings
PEG
0.64
P/E / EPS growth
P/B
—
price / book
Earnings yield
up 3.1%
EBIT / enterprise value
Cheaper than
43%
of the market · around average
Revenue growth
up 7%
year on year
EPS growth
down 5%
latest quarter · +3 pts
Sales growth
up 5%
latest quarter · -5 pts
ROE
—
return on equity
Free cash margin
up 26%
$10.7B FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
2.6×
Interest cover
—EBIT / interest
Piotroski tests
- took on more long-term debt
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- short-term liquidity improved
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Gross margin 64.8% → 67.1%
Trade setup
ATR%
2.5%
$5.20 a day · 2×ATR $198.39
RS
79 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
1.0×
vs 50-day average
Up/down volume
1.49
50 sessions
Implied move
—
no scheduled report
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Liabilities exceed assets Shareholders' equity is negative at -$10.0B as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
Last reported
Oct 21, 2026
Results reaction
Oct 21, 2026+2% vs market2 sessions after results
Options
$4.2M26.5% IV · activity
Financials
- Gross 67%
- Net 28%
- Free cash 26%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $28.7B | $31.4B | $31.8B | $35.2B | $37.9B | $40.6B |
| Gross margin | 67% | 68% | 64% | 63% | 65% | 67% |
| Operating income | $11.7B | $13.0B | $12.2B | $11.6B | $13.4B | $14.9B |
| Net income | $8.1B | $9.1B | $9.0B | $7.8B | $7.1B | $11.3B |
| Net margin | 28% | 29% | 28% | 22% | 19% | 28% |
| Earnings per share | $5.17 | $5.84 | $5.83 | $5.03 | $4.54 | $7.28 |
| Free cash flow | $9.2B | $11.2B | $9.7B | $7.9B | $10.8B | $10.7B |
| Free cash margin | 32% | 36% | 31% | 22% | 28% | 26% |
| Cash | $7.3B | $4.5B | $3.2B | $3.1B | $4.2B | $4.9B |
| Long-term debt | $31.3B | $27.6B | $37.5B | $45.9B | $45.6B | $48.7B |
| Shareholders' equity | -$12.6B | -$10.1B | -$9.0B | -$11.2B | -$11.8B | -$10.0B |
| Shares outstanding | 2.11bn | 2.11bn | 2.11bn | 2.11bn | 2.11bn | 2.11bn |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $196 – $222 ±6.1% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 26.5% priced · 28.4% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $4.2M calls $2.1M · puts $2.1M · latest session
- 0.96× +0.83 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -3.12k · puts -1.77k past week
For options traders: ATM IV 26.5% (-0.3% 1w) · 1m ÷ 3m IV 1.00 · 25Δ skew 3.8 pts · Net GEX $30.8M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 23, 2026 | Quarterly ↗ | Sep 30, 2026 | 23d |
| Jul 24, 2026 | Quarterly ↗ | Jun 30, 2026 | 24d |
| Apr 24, 2026 | Quarterly ↗ | Mar 31, 2026 | 24d |
| Feb 6, 2026 | Annual ↗ | Dec 31, 2025 | 37d |
| Oct 24, 2025 | Quarterly ↗ | Sep 30, 2025 | 24d |
| Jul 25, 2025 | Quarterly ↗ | Jun 30, 2025 | 25d |
| Apr 24, 2025 | Quarterly ↗ | Mar 31, 2025 | 24d |
| Feb 6, 2025 | Annual ↗ | Dec 31, 2024 | 37d |
| Oct 24, 2024 | Quarterly ↗ | Sep 30, 2024 | 24d |
| Jul 25, 2024 | Quarterly ↗ | Jun 30, 2024 | 25d |
| Apr 26, 2024 | Quarterly ↗ | Mar 31, 2024 | 26d |
| Feb 8, 2024 | Annual ↗ | Dec 31, 2023 | 39d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 21, 2026 | Results ↗ |
| Sep 18, 2026 | Regulation FD ↗ |
| Sep 8, 2026 | Regulation FD ↗ |
| Sep 8, 2026 | Regulation FD ↗ |
| Aug 24, 2026 | Regulation FD ↗ |
| Jul 22, 2026 | Results ↗ |
| Jul 9, 2026 | Director or officer change ↗ |
| Jun 29, 2026 | Other events ↗ |
| Jun 11, 2026 | Regulation FD ↗ |
| Jun 2, 2026 | Regulation FD ↗ |
| May 20, 2026 | Director or officer change · Regulation FD ↗ |
| May 8, 2026 | Shareholder vote ↗ |