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Philip Morris International Inc.

PM

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
37,878
Cost of Revenue
13,329
Gross Profit
24,549
Gross Margin
64.8%
Operating Income
13,402
Operating Margin
35.4%
Net Income
7,034
Net Margin
18.6%
EPS (Basic)
$4.53
EPS (Diluted)
$4.52
EBITDA
15,749
EBITDA Margin
41.6%

2023

12/31/2023

Revenue
35,174
Cost of Revenue
12,893
Gross Profit
22,281
Gross Margin
63.3%
Operating Income
11,556
Operating Margin
32.9%
Net Income
7,791
Net Margin
22.1%
EPS (Basic)
$5.02
EPS (Diluted)
$5.02
EBITDA
13,374
EBITDA Margin
38.0%

2022

12/31/2022

Revenue
31,762
Cost of Revenue
11,402
Gross Profit
20,360
Gross Margin
64.1%
Operating Income
12,246
Operating Margin
38.6%
Net Income
9,048
Net Margin
28.5%
EPS (Basic)
$5.82
EPS (Diluted)
$5.81
EBITDA
13,479
EBITDA Margin
42.4%

2021

12/31/2021

Revenue
31,405
Cost of Revenue
10,030
Gross Profit
21,375
Gross Margin
68.1%
Operating Income
12,972
Operating Margin
41.3%
Net Income
9,109
Net Margin
29.0%
EPS (Basic)
$5.83
EPS (Diluted)
$5.83
EBITDA
13,967
EBITDA Margin
44.5%

2020

12/31/2020

Revenue
28,694
Cost of Revenue
9,569
Gross Profit
19,125
Gross Margin
66.7%
Operating Income
11,720
Operating Margin
40.8%
Net Income
8,056
Net Margin
28.1%
EPS (Basic)
$5.16
EPS (Diluted)
$5.16
EBITDA
12,662
EBITDA Margin
44.1%