TORVANTA
Consumer Staples · S&P 500 · data as of 2026-10-05

PM stock analysis: Philip Morris

Philip Morris (PM) is an S&P 500 company in Tobacco. It grades strongest on profitability and momentum and weakest on value.

The model's view of PM · subscribers

Where PM ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

See plans
What's happening with PM · updated 2026-10-05 · from prices and SEC filings

PM price performance

PM against the S&P 500, one year
+0%+20%PM +22%S&P 500 +18%2025-09-292026-10-05
Year to date+21.2%S&P 500 +14.5% · ahead by 6.7 pts
1 year+28.0%S&P 500 +17.0% · ahead by 11.0 pts
3 years+133.1%S&P 500 +89.3% · ahead by 43.9 pts
5 years+147.7%S&P 500 +91.3% · ahead by 56.4 pts

Total returns with dividends reinvested.

PM factor grades

Each grade compares PM with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 27.2x (sector 23.8x)FCF yield 4.3% (sector 5.7%)
B+GrowthRevenue growth +9% (sector +3%)EPS growth +32% (sector +0%)
A+ProfitabilityOperating margin 37.7% (sector 11.0%)
AMomentum12-month change +28%From 52-wk high -5%

PM in plain numbers

PM key statistics

SectorConsumer Staples
IndustryTobacco
IndexS&P 500
Market value$295.4B
Revenue growth (y/y)+9%
Free-cash-flow yield4.3%
Dividend yield3.2%
Next earnings (expected)2026-10-20
Valuation measures
Market value$295.4B
Enterprise value$292.7B
P/E (trailing)27.2x
Forward P/E (Torvanta estimate)26.3x
PEG (Torvanta estimate)7.13
Price / sales6.9x
EV / revenue6.9x
EV / EBITDA16.2x
Financial highlights
Revenue, last 12 months$42.5B
Net income, last 12 months$10.9B
EPS, last 12 months (GAAP)$6.96
Gross margin67.5%
Operating margin37.7%
Net margin25.6%
Cash$6.0B
Total debt$3.3B
Free cash flow, last 12 months$12.7B
Current ratio0.98x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PM earnings trends

Revenue vs earnings
-$579.0M$2.4B$5.3B$8.2B$11.2BSep 2024 Revenue: $9.9BDec 2024 Revenue: $9.7BMar 2025 Revenue: $9.3BJun 2025 Revenue: $10.1BSep 2025 Revenue: $10.8BDec 2025 Revenue: $10.4BMar 2026 Revenue: $10.1BJun 2026 Revenue: $11.2BSep 2024 Net income: $3.1BDec 2024 Net income: -$579.0MMar 2025 Net income: $2.7BJun 2025 Net income: $3.0BSep 2025 Net income: $3.5BDec 2025 Net income: $2.1BMar 2026 Net income: $2.4BJun 2026 Net income: $2.8BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 31.1%Net margin: -6.0%Net margin: 28.9%Net margin: 30.0%Net margin: 32.1%Net margin: 20.7%Net margin: 24.0%Net margin: 25.2%-6%13%32%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.4$0.3$0.9$1.6$2.2Sep 2024 EPS (GAAP, diluted): $2.0Dec 2024 EPS (GAAP, diluted): $-0.4Mar 2025 EPS (GAAP, diluted): $1.7Jun 2025 EPS (GAAP, diluted): $2.0Sep 2025 EPS (GAAP, diluted): $2.2Dec 2025 EPS (GAAP, diluted): $1.4Mar 2026 EPS (GAAP, diluted): $1.6Jun 2026 EPS (GAAP, diluted): $1.8Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +13% · Mar 2026 -9% · Jun 2026 -8%

From the company's 10-Q and 10-K filings with the SEC.

Philip Morris financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$31.4B$31.8B$35.2B$37.9B$40.6B
Net income$9.1B$9.0B$7.8B$7.1B$11.3B
EPS (GAAP)$5.84$5.81$5.02$4.52$7.27
Free cash flow$11.2B$9.7B$7.9B$10.8B$10.7B

PM earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$1.80-8%+10%+3.0%
2026-04-22$1.56-9%+9%+9.8%
2026-02-06$1.37n/a+7%-2.5%
2025-10-21$2.23+13%+9%-0.2%
2025-07-22$1.95+27%+7%-9.6%
2025-04-23$1.72+25%+6%-0.1%

About Philip Morris

HeadquartersStamford, CT
Industry (SEC code)Cigarettes
Fiscal year endsDecember 31
Incorporated inVA
Listed onNYSE

From the company's SEC registration record.

Companies similar to PM

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PM Philip Morris$295.4B27.2x+9%37.7%+28%
PG Procter & Gamble$339.2B22.0x+3%22.7%-1%compare
KO Coca-Cola$372.2B27.2x+5%29.3%+33%compare
COST Costco$409.6B46.5x+9%3.8%+1%compare
PEP PepsiCo$171.5B16.5x+6%14.8%-8%
MO Altria$113.3B14.3x-1%46.8%+10%
WMT Walmart$833.6B37.9x+6%4.4%+4%

All Consumer Staples stock ratings

Frequently asked questions

Is PM stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PM are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is PM's P/E ratio?

PM trades at about 27.2 times its last 12 months of GAAP earnings reported to the SEC, and about 26.3 times Torvanta's own estimate of the next 12 months.

When does PM report earnings next?

Based on its filing history, Torvanta expects Philip Morris to report around 2026-10-20.

Does PM pay a dividend?

Yes. Its dividend yield is about 3.2%, and it has raised its dividend 17 years in a row.

How has PM performed against the S&P 500?

Over the past year PM returned +28.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer