Philip Morris
4I1.DE
€127.40 1.10%
Exchange: XETRA | Sector: Consumer Defensive | Industry: Tobacco
Q3 2025
Published: Oct 21, 2025

Earnings Highlights

  • Revenue of $10.85B up 9.4% year-over-year
  • EPS of $2.23 increased by 12.6% from previous year
  • Gross margin of 67.8%
  • Net income of 3.48B
  • "N/A" - N/A
4I1.DE
Company 4I1.DE

Executive Summary

Philip Morris International delivered a solid Q3 2025, reporting revenue of USD 10.845 billion, up 9.4% Year-over-Year and 6.95% Quarter-over-Quarter. The company posted gross profit of USD 7.358 billion and operating income of USD 4.263 billion, yielding an operating margin of 39.31% and a net margin of 32.07%. EBITDA stood at USD 5.14 billion, contributing to a robust EBITDA margin of approximately 39.3%. Earnings per share were USD 2.23, up about 12.6% YoY and 14.4% QoQ. These results reflect continued pricing discipline, favorable mix, and underlying strength outside the United States, with a healthy liquidity position and stable current assets versus liabilities.

However, the data also reveal elevated leverage metrics and a challenging balance sheet complexion by accounting conventions, including a debt ratio around 0.75, total and long-term debt capitalization exceeding 1 in the provided figures, and a negative return on equity (-0.32). Cash flow metrics for operating and free cash flow per share are reported as zero in the dataset, suggesting either data gaps or chronic cash flow reporting limitations for this period. Investors should weigh PMI’s durable profitability and cash generation against elevated leverage, potential regulatory pressures, and currency exposures as critical risk factors in the near term.

Key Performance Indicators

Revenue
Increasing
10.85B
QoQ: 6.95% | YoY: 9.42%
Gross Profit
Increasing
7.36B
67.85% margin
QoQ: 7.24% | YoY: 12.42%
Operating Income
Increasing
4.26B
QoQ: 13.59% | YoY: 16.67%
Net Income
Increasing
3.48B
QoQ: 14.75% | YoY: 12.85%
EPS
Increasing
2.23
QoQ: 14.36% | YoY: 12.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 10,845.00 2.23 +9.4% View
Q2 2025 10,140.00 1.95 +7.1% View
Q1 2025 9,249.00 1.72 +5.2% View
Q4 2024 9,706.00 -0.37 +7.3% View
Q3 2024 9,911.00 1.97 +8.4% View