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PM

Philip Morris International Inc.

PM

NYSE·Consumer Defensive·Tobacco·Mkt cap $276.9B

$182.27

+2.58%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$142.11 - $193.05

P/E

25.64

Fwd P/E

21.86

Beta

0.41

Div Yield

3.31%

Avg Vol

4.9M

Shares Out

1.6B

Mkt Cap

$276.9B

Price action

Price chart

Up 1.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Global brand portfolio with iconic names like Marlboro commanding premium pricing power
  • Established distribution network across 180+ countries enabling rapid smoke-free product rollout
  • Significant R&D investment and patent portfolio in reduced-risk product innovation
  • Strong cash generation from mature cigarette business funding transformation initiatives

Bear Case

2 risks

  • Low volatility (beta 0.4).
  • Premium valuation to Tobacco peers

Growth

Stable outlook

Expanding smoke-free product availability now in 71 markets with accelerating adoption rates

Value

Premium valuation to Tobacco peers

Momentum

Strong

+12.4% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

3.31% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 21, 2026

Q2 26 RECAP

APR 22, 2026

Reported EPS of $1.96 vs $1.86 consensus (+5.4% surprise). Revenue of $10.1B vs $10.0B expected (+1.9%). Beat on both top and bottom lines.

EPS beat +5.4%
Rev beat +1.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+5.4%

Next: Apr 21, 2026

Revenue trend · last 8Q

+7%

+5%

+7%

+9%

+7%

+10%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$9.5B

$9.9B

$9.7B

$9.2B

$10.1B

$10.8B

$10.4B

$10.1B

Margins · last 8Q

Gross

68.1%

Operating

38.4%

Profit

24.0%

Wall Street consensus

7 analysts · 71% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

71%

Hold

2

29%

Sell

0%

Median Price Target

$192.50

+5.6% vs $182.27

Low $168.00
Median $192.50
High $200.00

Latest: UBS · Jul 2, 2026

3 analysts covering

vs Industry

How PM stacks vs Tobacco

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.