Philip Morris International Inc. (PM) operating KPIs
PMNYSECigarettesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 23, 2026Score 13/3053% above fair value
$208.79+0.29 (+0.14%)
Close on Oct 30, 2026Market cap $325.42BP/E 30.0Yield 2.70%
Philip Morris International smoke-Free Business % of Total PMI Net Revenues (%) (%)
Earnings Releases (Form 8-K) & PMI Integrated / Value Reports
Latest, FY2025
41.5%
Period ended Dec 31, 2025
Change on a year earlier
+2.8 pts
38.7% in FY2024
History
6 years
Since FY2020
Sources
6
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Smoke-Free Business % of Total PMI Net Revenues (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 41.5% | +2.8 pts | PMI Earnings Release (Form 8-K EX-99.1), filed 2026-02-06 ↗ |
| FY2024 | Dec 31, 2024 | 38.7% | +2.3 pts | PMI Earnings Release (Form 8-K EX-99.1), filed 2025-02-06 ↗ |
| FY2023 | Dec 31, 2023 | 36.4% | +4.3 pts | PMI Earnings Release (Form 8-K EX-99.1), filed 2024-02-08 ↗ |
| FY2022 | Dec 31, 2022 | 32.1% | +3.0 pts | PMI Earnings Release (Form 8-K EX-99.1), filed 2023-02-09 ↗ |
| FY2021 | Dec 31, 2021 | 29.1% | +5.3 pts | PMI Earnings Release (Form 8-K EX-99.1), filed 2022-02-10 ↗ |
| FY2020 | Dec 31, 2020 | 23.8% | – | PMI Earnings Release (Form 8-K EX-99.1), filed 2021-02-04 ↗ |
Breakdown
What makes up smoke-free business % of total pmi net revenues (%)
- Smoke-Free Shipment Volume as % of Total PMI Shipments (%)22.3% · FY2025
- Smoke-Free Commercial Expenditure as % of Total Commercial Spend (%)77.0% · FY2025
- Smoke-Free R&D Expenditure as % of Total Adjusted R&D Spend (%)99.7% · FY2025
- Smoke-Free CapEx as % of Total Capital Expenditures (%)89.0% · FY2025
- Cumulative Investment Behind Smoke-Free Products Since 2008 ($ billions)16,400 · FY2025
- Total Adjusted R&D Expenditure ($M)756 · FY2025
- FTE Positions in R&D Function (count)1,604 · FY2025
- Granted Patents in IP5 Jurisdictions Relating to Smoke-Free Products (count)5,000 · FY2025
Cite this data
StockData. (2026). Philip Morris International Smoke-Free Business % of Total PMI Net Revenues (%) (%), annual FY2020–FY2025 [Data set]. Compiled from Philip Morris International SEC filings and investor materials. https://stockdatahq.com/stocks/pm/kpis/sfp-rev-share
See every metric in the Philip Morris International KPI table. Data updated Oct 28, 2026.