Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Philip Morris International Inc. (PM) had Return on Tangible Equity of -32.75% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$40.65B
Net Income	$11.32B
Cost of Goods Sold	$13.37B
Gross Profit	$27.28B
Operating Expenses	$25.76B
Operating Income	$14.89B
Non-Operating Income/Expense	$-1.01B
Pre-Tax Income	$13.88B
Normalized Pre-Tax Income	$13.88B
Income after Taxes	$11.14B
Income from Continuous Operations	$11.85B
Consolidated Net Income/Loss	$11.85B
Normalized Income after Taxes	$11.14B
EBIT	$14.89B
EBITDA	$16.93B
Weighted-Average Shares Outstanding (Basic)	1.56B
Weighted-Average Shares Outstanding (Diluted)	1.56B
Earnings per Share (EPS) (Basic)	$7.27
Earnings per Share (EPS) (Diluted)	$7.26
Balance Sheet Financials
Current Assets	$24.36B
Property, Plant, and Equipment	$8.40B
Long-Term Assets	$44.82B
Total Assets	$69.19B
Current Liabilities	$25.43B
Long-Term Debt	$45.13B
Long-Term Liabilities	$51.79B
Total Liabilities	$77.21B
Common Equity	$-8.03B
Tangible Shareholders Equity	$-36.18B
Shareholders Equity	$-8.03B
Common Shares Outstanding	1.56B
Cash Flow Statement Financials
Cash Flow from Operating Activities	$12.23B
Cash Flow from Investing Activities	$-3.97B
Cash Flow from Financial Activities	$-8.13B
Beginning Cash	$4.25B
End Cash	$4.89B
Increase/Decrease in Cash	$638.00M
Stock-Based Compensation	--
Common Stock Dividends Paid	$-8.62B
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.96
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	1.22
Debt to Equity Ratio	-6.08
Gross Margin	67.12%
Operating Margin	36.64%
EBIT Margin	36.64%
EBITDA Margin	41.65%
Pre-Tax Profit Margin	34.15%
Profit Margin	27.84%
Free Cash Flow	$10.66B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.59
Inventory Turnover	1.16
Receiveable Turnover	7.00
Days Sales in Receivables	52.17
Return on Equity	-147.58%
Return on Tangible Equity	-32.75%
Return on Assets	17.13%
Return on Investments	31.93%
Book Value Per Share	$-5.16
Free Cash Flow per Share	$6.84
Operating Cash Flow per Share	$7.85

Data from Zacks Investment Research, Inc.