Philip Morris International (PM) FY2025 10-K Annual Report
Philip Morris International (PM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 6, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Philip Morris International FY2025 10-K Analysis
Business Overview
- • Core business: international consumer goods company focused on cigarettes and smoke-free products including heat-not-burn, nicotine pouch, and e-vapor
- • New emphasis on smoke-free portfolio expansion with acquisition of Swedish Match in November 2022, adding oral nicotine delivery brands IQOS and ZYN
Management Discussion & Analysis
- • Cash and cash equivalents $4.9B in 2025 vs $4.2B in 2024, including $2.3B held in Russia vs $1.0B prior year
- • Total debt increased to $48.8B in 2025 from $45.7B in 2024, weighted-average debt maturity ~7 years
Risk Factors
- • Regulatory risk: Russian divestment subject to complex local regulatory approval and international restrictions, risking material impairment of $4.8B in total Russian assets
- • Geopolitical risk: War in Ukraine suspends Kharkiv factory; new $30M production facility started April 2024 supports $0.7B in Ukrainian assets
Philip Morris International FY2025 Key Financial MetricsXBRL
Revenue
$40.6B
▲ +7.3% YoY
Net Income
$11.3B
▲ +60.8% YoY
Gross Margin
67.1%
▲ +231bp YoY
Operating Margin
36.6%
▲ +125bp YoY
Net Margin
27.9%
▲ +929bp YoY
ROE
-113.5%
▼ -5349bp YoY
Total Assets
$69.2B
▲ +12.0% YoY
EPS (Diluted)
$7.26
▲ +60.6% YoY
Operating Cash Flow
$12.2B
▲ +0.1% YoY
Source: XBRL data from Philip Morris International FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Philip Morris International
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.