Philip Morris International (PM) Debt Ratio (2009 - 2026)

Philip Morris International (PM) reported Debt Ratio of 0.72 for Q1 2026, up 8.16% on a YoY basis from 0.66 in Q1 2025, and up 9.7% sequentially from 0.65 in Q4 2025.

Philip Morris International (PM) Debt Ratio (2009 - 2026) Analysis & Trends

Philip Morris International (PM) has 18 years of Debt Ratio data on file, last reported at 0.72 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 8.16% year-over-year to 0.72; the trailing twelve-month figure through Mar 2026 stood at 0.72 (up 8.16% YoY), and the FY2025 full-year result was 0.65, down 11.2% from the prior year.
  • Debt Ratio improved to 0.72 in Q1 2026, from 0.65 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.77 in Q1 2024 to a low of 0.6 in Q3 2022.
  • A 5-year average of 0.7 and a median of 0.71 in 2025 frame the typical range for Debt Ratio.
  • Across the five-year window, Debt Ratio increased 19.95% in 2023 and fell 13.44% in 2025, its largest moves.
  • Tracing PM's Debt Ratio over 5 years: stood at 0.61 in 2022, then rose by 15.76% to 0.7 in 2023, then rose by 4.82% to 0.74 in 2024, then dropped by 11.2% to 0.65 in 2025, then rose by 9.7% to 0.72 in 2026.
  • Business Quant data shows PM's Debt Ratio at 0.72 in Q1 2026, 0.65 in Q4 2025, and 0.72 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Philip Morris International 300.23 Bn 294.78 Bn 6.91 Bn 0.72
2 British American Tobacco p.l.c 133.32 Bn 128.01 Bn - 0.29
3 Altria 121.70 Bn 118.17 Bn 3.51 Bn 0.73
4 RLX Technology 2.50 Bn 1.83 Bn 73.10 Mn 0.01
5 Turning Point Brands 1.47 Bn 1.43 Bn 68.30 Mn 0.38
6 Universal 1.35 Bn 1.11 Bn 98.47 Mn 0.33
7 Ispire Technology 89.38 Mn 71.30 Mn 1.99 Mn 0.01
8 Rythm 42.81 Mn 9.55 Mn 10.40 Mn 2.78
9 VPR Brands 11.01 Mn 8.30 Mn 138,574.00 0.04
10 Greenlane Holdings 8.50 Mn -29.73 Mn 217,000.00 -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.72
Dec 31, 2025 0.65
Sep 30, 2025 0.72
Jun 30, 2025 0.71
Mar 31, 2025 0.66
Dec 31, 2024 0.74
Sep 30, 2024 0.73
Jun 30, 2024 0.74
Mar 31, 2024 0.77
Dec 31, 2023 0.70
Sep 30, 2023 0.72
Jun 30, 2023 0.71
Mar 31, 2023 0.73
Dec 31, 2022 0.61
Sep 30, 2022 0.60
Jun 30, 2022 0.65
Mar 31, 2022 0.64
Dec 31, 2021 0.67
Sep 30, 2021 0.62
Jun 30, 2021 0.71