Company / Finance

Philip Morris International Inc.

PM · NYSE

Philip Morris generated $40.6 billion of 2025 revenue and $12.2 billion of operating cash flow, but the investment case depends on whether smoke-free growth, pricing, regulation and leverage can keep offsetting the structural decline and social risk of cigarettes.

Latest ReportMay 20, 2026Philip Morris: the cigarette cash machine trying to outrun its own legacyView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->
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Philip Morris: the cigarette cash machine trying to outrun its own legacy

Philip Morris generated $40.6 billion of 2025 revenue and $12.2 billion of operating cash flow, but the investment case depends on whether smoke-free growth, pricing, regulation and leverage can keep offsetting the structural decline and social risk of cigarettes.

May 20, 2026Research reportSlides available
Philip Morris International Inc.Morris: the cigarette cash machine trying to outrun its own legaMay 20, 2026
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Philip Morris: the cigarette cash machine trying to outrun its own legacyPhilip Morris generated $40.6 billion of 2025 revenue and $12.2 billion of operating cash flow, but the investment case depends on whether smoke-free growth, pricing, regulation and leverage can keep offsetting the structural decline and social risk of cigarettes.NYSEMay 20, 2026Research reportReadSlides