Altria vs Philip Morris International
Philip Morris International reported revenue of $40.6 billion in fiscal 2025, 1.7 times Altria's $23.3 billion in fiscal 2025. Altria's revenue fell 3.1% in its latest year, and Philip Morris International's grew 7.3%. Altria had an operating margin of 42.5%, against 36.6% at Philip Morris International. Free cash flow was $9.1 billion at Altria and $10.7 billion at Philip Morris International.
Side by side
| Altria | Philip Morris International | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $23.3B | $40.6B |
| Revenue growth | −3.1% | 7.3% |
| Revenue growth a year, last 5 years | −2.3% | 7.2% |
| Gross margin | 62.5% | 67.1% |
| Operating margin | 42.5% | 36.6% |
| Net margin | 29.8% | 27.9% |
| Free cash flow | $9.1B | $10.7B |
| Free cash flow margin | 39.0% | 26.2% |
| Return on capital | 39.2% | 35.4% |
| Net debt to EBITDA | 2.1x | 2.6x |
| Dividends and buybacks | $8.0B | $8.6B |
| Change in diluted share count | −2.0% | 0.1% |
| Last close | $73.62 | $201.87 |
| P/E at the last close | 15.5× | 29.5× |
| Insider trades, last 12 months | bought $101,430, sold $2.4 million | sold $28.8 million |
| Piotroski F-score | 7 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AltriaPhilip Morris International
Operating margin
Percent of revenue
AltriaPhilip Morris International
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AltriaPhilip Morris International
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Altria and Philip Morris International pages.