Philip Morris International (PM) Finished Goods (2009 - 2026)
Philip Morris International (PM) recorded Finished Goods of $6.17 billion in Q2 2026, up 7.9% from $5.72 billion a year earlier but down 2.9% from the prior quarter.
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Analysis
Philip Morris International (PM) Finished Goods (2009 - 2026) Analysis & Trends
At the end of FY2025, Philip Morris International reported Finished Goods of $6.83 billion, up 33.6% from FY2024.
- Annual Finished Goods has a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- Across earlier years, Finished Goods came in at $5.11 billion in FY2024 (-21.8%), $6.54 billion in FY2023 (+5.7%), $6.18 billion in FY2022 (+14.0%) and $5.43 billion in FY2021 (-6.7%).
- Quarterly Finished Goods has ranged from $4 billion in Q3 2022 to $6.83 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Finished Goods has increased for five consecutive quarters, with growth averaging 4.8% over the last eight quarters.
- Peak year-over-year performance for Finished Goods in the last five years was growth of 40.3% in Q1 2023, against a decline of 21.8% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.35 billion (Q1 2026), $6.83 billion (Q4 2025) and $5.27 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.17 Bn |
| Mar 31, 2026 | 6.35 Bn |
| Dec 31, 2025 | 6.83 Bn |
| Sep 30, 2025 | 5.27 Bn |
| Jun 30, 2025 | 5.72 Bn |
| Mar 31, 2025 | 5.33 Bn |
| Dec 31, 2024 | 5.11 Bn |
| Sep 30, 2024 | 5.01 Bn |
| Jun 30, 2024 | 5.10 Bn |
| Mar 31, 2024 | 5.85 Bn |
| Dec 31, 2023 | 6.54 Bn |
| Sep 30, 2023 | 5.48 Bn |
| Jun 30, 2023 | 5.52 Bn |
| Mar 31, 2023 | 6.59 Bn |
| Dec 31, 2022 | 6.18 Bn |
| Sep 30, 2022 | 4.00 Bn |
| Jun 30, 2022 | 4.12 Bn |
| Mar 31, 2022 | 4.70 Bn |
| Dec 31, 2021 | 5.43 Bn |
| Sep 30, 2021 | 4.54 Bn |
API Access
Philip Morris International Finished Goods API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=finished-goods&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "finished-goods", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=finished-goods&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();