📈 Net Income History (16 Quarters)
🧮 PM Net Income Breakdown
Understanding Net Income
Net income, also called the "bottom line" or net profit, is the money a company keeps after paying all expenses including cost of goods, operating costs, interest, and taxes. For PM, the trailing twelve month net income is $10.9B.
Why Net Income Matters
Net income is the ultimate measure of accounting profitability. It determines earnings per share (EPS), affects stock valuations through the P/E ratio, and represents the theoretical amount available to shareholders. However, net income can be influenced by accounting choices, which is why value investors often look at cash flow metrics alongside it.
PM's net income growth rate of 11.52% (based on log-linear regression of 16 quarters) indicates strong profit growth above market averages.
Net Income vs Cash Flow Metrics
Free Cash Flow: $10.7B →
Actual cash generated after capital expenditures. FCF often differs from net income due to depreciation, working capital changes, and capex timing.
Owner Earnings: $10.7B →
Buffett's preferred metric that adds back depreciation but subtracts maintenance capex. Often considered more accurate than net income.
EPS (Diluted): $6.95 →
Net income divided by diluted shares outstanding. The primary driver of the P/E ratio used in valuations.
Revenue: $42.5B →
The top line that net income is derived from. Net margin shows what percentage of revenue becomes profit.
P/E Ratio Analysis
PM's P/E ratio of 27.4x means investors pay $27.41 for every $1 of annual earnings. A P/E between 25-40 suggests investors expect above-average earnings growth.
Net Margin: Profitability Efficiency
Net margin of 25.56% shows what percentage of PM's revenue converts to profit after all costs. Net margins above 20% are excellent and indicate strong pricing power or asset-light business models.
Summary: PM Net Income Trend
Philip Morris International Inc. (PM) has a net margin of 25.56%, which Zyberno classifies as excellent — above the 15% threshold Zyberno applies to businesses across industries. Net income grew at 11.52% annually — above the 10% threshold Zyberno considers healthy growth above market averages. For complete financial analysis, view the full PM stock report on Zyberno.
Frequently Asked Questions
What is PM's current net income?
Philip Morris International Inc.'s TTM net income is $10.9B, growing at 11.52% annually — above the 10% threshold Zyberno considers healthy growth above market averages.
Is PM's net income growing?
Philip Morris International Inc. (PM) has a net margin of 25.56%, which Zyberno classifies as excellent — above the 15% threshold Zyberno applies to businesses across industries. Net income grew at 11.52% annually — above the 10% threshold Zyberno considers healthy growth above market averages.
What is PM's net profit margin?
Philip Morris International Inc. (PM) has a net margin of 25.56%, which Zyberno classifies as excellent — above the 15% threshold Zyberno applies to businesses across industries. Net income grew at 11.52% annually — above the 10% threshold Zyberno considers healthy growth above market averages.
What is PM's P/E ratio?
PM's P/E ratio is 27.4x, meaning the market values the company at 27.4 times its annual earnings.
How does net income differ from free cash flow?
Net income is an accounting measure that includes non-cash items like depreciation, while free cash flow shows actual cash generated. PM's net income is $10.9B versus free cash flow of $10.7B. Large differences often indicate significant capital expenditures or working capital changes.
📊 Full PM Stock Report →
See PM's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.
💵 PM Free Cash Flow →
Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.
💰 PM Owner Earnings →
Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.
📈 PM Earnings Per Share →
Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.
🎯 PM Earnings Surprise (SUE) →
See whether PM is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.
📊 PM Revenue →
Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.
💰 PM Net Income →
Analyze the bottom-line profit, P/E ratio, and net profit margin trends.
🔶 PM Operating Income →
Analyze EBIT, operating margin, and core business profitability before interest and taxes.
💜 PM Gross Profit →
Analyze gross margin, pricing power, and profitability before operating expenses.