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Philip Morris International Inc., taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Philip Morris International Inc.’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Philip Morris International Inc. annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2025FY2024FY2023FY2022
Revenue$40.65B$37.88B$35.17B$31.76B
Cost of revenue$13.37B$13.33B$12.89B$11.40B
Gross profit$27.28B$24.55B$22.28B$20.36B
Operating expenses$12.35B$11.15B$10.06B$8.11B
Operating income$14.93B$13.40B$12.22B$12.25B
Net income$11.35B$7.06B$7.81B$9.05B
Diluted EPS7.264.535.025.81

Net income and earnings per share moved together (+25.4% and +25.0%), so the share count barely changed over the period.

The rest of the engine

The panels above are built from filings. These run against the live engine.