Philip Morris International (PM) Debt to Equity (2009 - 2026)
Philip Morris International's (PM) quarterly Debt to Equity came in at -$6.78 in Q1 2026, down 34.08% year-on-year from -$10.29 in Q1 2025, and down 20.17% quarter-over-quarter from -$5.64 in Q4 2025.
Philip Morris International (PM) Debt to Equity (2009 - 2026) Analysis & Trends
Philip Morris International has disclosed Debt to Equity across 18 years of filings, most recently posting -$6.78 for Q1 2026.
- Debt to Equity for Q1 2026 came in at -$6.78, down 34.08% year-over-year; the trailing twelve-month figure through Mar 2026 was -$6.78 (down 34.08% YoY), and the FY2025 annual result was -$5.64, down 31.66% from the prior year.
- Debt to Equity came in at -$6.78 for Q1 2026 at Philip Morris International, down from -$5.64 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of -$3.28 in Q1 2022 to a low of -$6.78 in Q1 2026.
- The 5-year median for Debt to Equity is -$5.37 (2025), against an average of -$5.15.
- Across the five-year window, Debt to Equity slumped 91.03% in 2022 and climbed 28.74% in 2023, its largest moves.
- Philip Morris International's Debt to Equity stood at -$6.42 in 2022, then gained by 28.74% to -$4.57 in 2023, then advanced by 6.31% to -$4.29 in 2024, then slumped by 31.66% to -$5.64 in 2025, then declined by 20.17% to -$6.78 in 2026.
- The last three Debt to Equity figures came in at -$6.78 (Q1 2026), -$5.64 (Q4 2025), and -$5.37 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | -6.78 |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | -7.78 |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | 0.01 |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | 0.76 |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | 0.42 |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 0.01 |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -0.07 |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | 0.24 |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | - |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.78 |
| Dec 31, 2025 | -5.64 |
| Sep 30, 2025 | -5.37 |
| Jun 30, 2025 | -4.49 |
| Mar 31, 2025 | -5.06 |
| Dec 31, 2024 | -4.29 |
| Sep 30, 2024 | -6.36 |
| Jun 30, 2024 | -5.64 |
| Mar 31, 2024 | -5.25 |
| Dec 31, 2023 | -4.57 |
| Sep 30, 2023 | -5.85 |
| Jun 30, 2023 | -5.50 |
| Mar 31, 2023 | -6.00 |
| Dec 31, 2022 | -6.42 |
| Sep 30, 2022 | -3.32 |
| Jun 30, 2022 | -3.65 |
| Mar 31, 2022 | -3.28 |
| Dec 31, 2021 | -3.36 |
| Sep 30, 2021 | -3.01 |
| Jun 30, 2021 | -3.15 |