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PM's second-quarter results show smoke-free gains lifting revenues and profit, even as cigarette volumes continue to decline.
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live webcast of a fireside chat session with Jacek Olczak, Chief Executive Officer, at the 2025 Barclays Global Consumer Staples Conference at www.pmi.com/2025barclays on Tuesday, September 2, 2025, at approximately 11:15 a.m. ET. An archived copy of the webcast will be available for six months post-event. The webcast may also be accessed on mobile devices by downloading PMI's free Inve.
Philip Morris International's growth is driven by smoke-free products like IQOS and ZYN, with strong sales momentum post-Swedish Match acquisition. Despite robust operational performance and a raised outlook, the stock's valuation appears stretched with an EV/FCF of 31x and a historically low 3.1% dividend yield. Much of the recent growth seems to be already priced in, and further upside seems limited, making the risk/reward profile unattractive at current levels.
MO and PM battle for investor favor as smoke-free gains, pricing power and earnings growth reshape their outlooks.
Philip Morris (PM) reported earnings 30 days ago. What's next for the stock?
Philip Morris is the world's largest publicly traded 'sin' stock, valued at over $250 billion. The company has a strong track record of outperforming the market, driven by its shareholder return focus. Recent earnings suggest PM still has significant growth potential ahead.
Philip Morris' smoke-free growth is strong, but cigarette declines and a premium valuation urge cautious investment moves.
PM has already captured $1.2 billion in savings by mid-2025, keeping it on track to hit its $2 billion cost-cutting target by 2026.
The United States is the world's largest economy. At its heart, you'll find consumers.
ILUMA's broader launch and expanded consumables range are contributing to PM's heated tobacco growth in 2025.