Analysis of Geographic Areas
Philip Morris International Inc. operates in 5 regions: Europe Region; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); Americas Region; and Wellness and Healthcare.
Area Profit Margin
Philip Morris International Inc., profit margin by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 45.18% | 43.35% | 44.53% | 48.72% | — |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 30.45% | 29.50% | 36.92% | 33.42% | — |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 45.02% | 40.95% | 40.84% | 43.98% | — |
| Americas Region | 12.09% | 15.29% | 20.79% | 26.42% | — |
| Wellness and Healthcare | -117.42% | -284.31% | -95.20% | -51.49% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Europe Region | Europe Region area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Americas Region | Americas Region area profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Wellness and Healthcare | Wellness and Healthcare area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Area Profit Margin: Europe Region
Philip Morris International Inc.; Europe Region; area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 6,938) | 6,169) | 5,776) | 6,409) | —) |
| Net revenues | 15,357) | 14,231) | 12,972) | 13,155) | —) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 45.18% | 43.35% | 44.53% | 48.72% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × 6,938 ÷ 15,357 = 45.18%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Europe Region | Europe Region area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Profit Margin: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 3,429) | 3,136) | 3,864) | 3,295) | —) |
| Net revenues | 11,261) | 10,629) | 10,467) | 9,858) | —) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 30.45% | 29.50% | 36.92% | 33.42% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × 3,429 ÷ 11,261 = 30.45%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Profit Margin: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 2,878) | 2,539) | 2,424) | 2,836) | —) |
| Net revenues | 6,393) | 6,201) | 5,936) | 6,448) | —) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 45.02% | 40.95% | 40.84% | 43.98% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × 2,878 ÷ 6,393 = 45.02%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Profit Margin: Americas Region
Philip Morris International Inc.; Americas Region; area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 548) | 582) | 440) | 487) | —) |
| Net revenues | 4,534) | 3,807) | 2,116) | 1,843) | —) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 12.09% | 15.29% | 20.79% | 26.42% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × 548 ÷ 4,534 = 12.09%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Americas Region | Americas Region area profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Profit Margin: Wellness and Healthcare
Philip Morris International Inc.; Wellness and Healthcare; area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | (391) | (870) | (258) | (52) | —) |
| Net revenues | 333) | 306) | 271) | 101) | —) |
| Area Profitability Ratio | |||||
| Area profit margin1 | -117.42% | -284.31% | -95.20% | -51.49% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × -391 ÷ 333 = -117.42%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Wellness and Healthcare | Wellness and Healthcare area profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Area Return on Assets (Area ROA)
Philip Morris International Inc., ROA by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 125.23% | 108.29% | 111.53% | 130.32% | — |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 158.75% | 142.74% | 188.76% | 151.08% | — |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 761.38% | 527.86% | 359.11% | 382.21% | — |
| Americas Region | 35.15% | 44.43% | 34.32% | 73.12% | — |
| Wellness and Healthcare | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Europe Region | Europe Region area ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area ROA improved from 2022 to 2023 and from 2023 to 2024. | |
| Americas Region | Americas Region area ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. | |
| Wellness and Healthcare |
Area ROA: Europe Region
Philip Morris International Inc.; Europe Region; area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 6,938) | 6,169) | 5,776) | 6,409) | —) |
| Long-lived assets | 5,540) | 5,697) | 5,179) | 4,918) | —) |
| Area Profitability Ratio | |||||
| Area ROA1 | 125.23% | 108.29% | 111.53% | 130.32% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × 6,938 ÷ 5,540 = 125.23%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Europe Region | Europe Region area ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area ROA: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 3,429) | 3,136) | 3,864) | 3,295) | —) |
| Long-lived assets | 2,160) | 2,197) | 2,047) | 2,181) | —) |
| Area Profitability Ratio | |||||
| Area ROA1 | 158.75% | 142.74% | 188.76% | 151.08% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × 3,429 ÷ 2,160 = 158.75%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area ROA: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 2,878) | 2,539) | 2,424) | 2,836) | —) |
| Long-lived assets | 378) | 481) | 675) | 742) | —) |
| Area Profitability Ratio | |||||
| Area ROA1 | 761.38% | 527.86% | 359.11% | 382.21% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × 2,878 ÷ 378 = 761.38%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area ROA improved from 2022 to 2023 and from 2023 to 2024. |
Area ROA: Americas Region
Philip Morris International Inc.; Americas Region; area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 548) | 582) | 440) | 487) | —) |
| Long-lived assets | 1,559) | 1,310) | 1,282) | 666) | —) |
| Area Profitability Ratio | |||||
| Area ROA1 | 35.15% | 44.43% | 34.32% | 73.12% | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × 548 ÷ 1,559 = 35.15%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Americas Region | Americas Region area ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Area ROA: Wellness and Healthcare
Philip Morris International Inc.; Wellness and Healthcare; area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | (391) | (870) | (258) | (52) | —) |
| Long-lived assets | —) | —) | —) | —) | —) |
| Area Profitability Ratio | |||||
| Area ROA1 | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area ROA = 100 × Operating income (loss) ÷ Long-lived assets
= 100 × -391 ÷ 0 = —
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Wellness and Healthcare |
Area Asset Turnover
Philip Morris International Inc., asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 2.77 | 2.50 | 2.50 | 2.67 | — |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 5.21 | 4.84 | 5.11 | 4.52 | — |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 16.91 | 12.89 | 8.79 | 8.69 | — |
| Americas Region | 2.91 | 2.91 | 1.65 | 2.77 | — |
| Wellness and Healthcare | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe Region | Europe Region area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Americas Region | Americas Region area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Wellness and Healthcare |
Area Asset Turnover: Europe Region
Philip Morris International Inc.; Europe Region; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 15,357) | 14,231) | 12,972) | 13,155) | —) |
| Long-lived assets | 5,540) | 5,697) | 5,179) | 4,918) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.77 | 2.50 | 2.50 | 2.67 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 15,357 ÷ 5,540 = 2.77
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe Region | Europe Region area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 11,261) | 10,629) | 10,467) | 9,858) | —) |
| Long-lived assets | 2,160) | 2,197) | 2,047) | 2,181) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.21 | 4.84 | 5.11 | 4.52 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 11,261 ÷ 2,160 = 5.21
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 6,393) | 6,201) | 5,936) | 6,448) | —) |
| Long-lived assets | 378) | 481) | 675) | 742) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 16.91 | 12.89 | 8.79 | 8.69 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 6,393 ÷ 378 = 16.91
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Americas Region
Philip Morris International Inc.; Americas Region; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 4,534) | 3,807) | 2,116) | 1,843) | —) |
| Long-lived assets | 1,559) | 1,310) | 1,282) | 666) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.91 | 2.91 | 1.65 | 2.77 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 4,534 ÷ 1,559 = 2.91
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas Region | Americas Region area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Wellness and Healthcare
Philip Morris International Inc.; Wellness and Healthcare; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 333) | 306) | 271) | 101) | —) |
| Long-lived assets | —) | —) | —) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 333 ÷ 0 = —
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Wellness and Healthcare |
Area Capital Expenditures to Depreciation
Philip Morris International Inc., capital expenditures to depreciation by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 1.59 | 1.89 | 1.69 | 1.30 | — |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 1.01 | 0.94 | 0.76 | 0.42 | — |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 0.13 | 0.26 | 0.15 | 0.21 | — |
| Americas Region | 0.37 | 0.15 | 0.95 | 0.76 | — |
| Wellness and Healthcare | 0.76 | 0.40 | 0.53 | 0.82 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | Europe Region | Europe Region area capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Americas Region | Americas Region area capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Wellness and Healthcare | Wellness and Healthcare area capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Capital Expenditures to Depreciation: Europe Region
Philip Morris International Inc.; Europe Region; area capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 783) | 905) | 657) | 481) | —) |
| Depreciation and amortization expense | 492) | 479) | 388) | 371) | —) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 1.59 | 1.89 | 1.69 | 1.30 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 783 ÷ 492 = 1.59
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | Europe Region | Europe Region area capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Area Capital Expenditures to Depreciation: South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA)
Philip Morris International Inc.; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); area capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 306) | 287) | 258) | 149) | —) |
| Depreciation and amortization expense | 304) | 304) | 340) | 354) | —) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 1.01 | 0.94 | 0.76 | 0.42 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 306 ÷ 304 = 1.01
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) area capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Capital Expenditures to Depreciation: East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF)
Philip Morris International Inc.; East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF); area capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 22) | 38) | 25) | 36) | —) |
| Depreciation and amortization expense | 173) | 144) | 167) | 168) | —) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 0.13 | 0.26 | 0.15 | 0.21 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 22 ÷ 173 = 0.13
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) area capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Area Capital Expenditures to Depreciation: Americas Region
Philip Morris International Inc.; Americas Region; area capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 280) | 57) | 92) | 54) | —) |
| Depreciation and amortization expense | 748) | 387) | 97) | 71) | —) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 0.37 | 0.15 | 0.95 | 0.76 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 280 ÷ 748 = 0.37
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | Americas Region | Americas Region area capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Capital Expenditures to Depreciation: Wellness and Healthcare
Philip Morris International Inc.; Wellness and Healthcare; area capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 53) | 34) | 45) | 28) | —) |
| Depreciation and amortization expense | 70) | 84) | 85) | 34) | —) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 0.76 | 0.40 | 0.53 | 0.82 | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Area capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization expense
= 53 ÷ 70 = 0.76
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | Wellness and Healthcare | Wellness and Healthcare area capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Net revenues
Philip Morris International Inc., net revenues by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 15,357) | 14,231) | 12,972) | 13,155) | —) |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 11,261) | 10,629) | 10,467) | 9,858) | —) |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 6,393) | 6,201) | 5,936) | 6,448) | —) |
| Americas Region | 4,534) | 3,807) | 2,116) | 1,843) | —) |
| Wellness and Healthcare | 333) | 306) | 271) | 101) | —) |
| Total | 37,878) | 35,174) | 31,762) | 31,405) | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Operating income (loss)
Philip Morris International Inc., operating income (loss) by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 6,938) | 6,169) | 5,776) | 6,409) | —) |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 3,429) | 3,136) | 3,864) | 3,295) | —) |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 2,878) | 2,539) | 2,424) | 2,836) | —) |
| Americas Region | 548) | 582) | 440) | 487) | —) |
| Wellness and Healthcare | (391) | (870) | (258) | (52) | —) |
| Total | 13,402) | 11,556) | 12,246) | 12,975) | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Depreciation and amortization expense
Philip Morris International Inc., depreciation and amortization expense by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 492) | 479) | 388) | 371) | —) |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 304) | 304) | 340) | 354) | —) |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 173) | 144) | 167) | 168) | —) |
| Americas Region | 748) | 387) | 97) | 71) | —) |
| Wellness and Healthcare | 70) | 84) | 85) | 34) | —) |
| Total | 1,787) | 1,398) | 1,077) | 998) | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Capital expenditures
Philip Morris International Inc., capital expenditures by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 783) | 905) | 657) | 481) | —) |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 306) | 287) | 258) | 149) | —) |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 22) | 38) | 25) | 36) | —) |
| Americas Region | 280) | 57) | 92) | 54) | —) |
| Wellness and Healthcare | 53) | 34) | 45) | 28) | —) |
| Total | 1,444) | 1,321) | 1,077) | 748) | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Long-lived assets
Philip Morris International Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Europe Region | 5,540) | 5,697) | 5,179) | 4,918) | —) |
| South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA) | 2,160) | 2,197) | 2,047) | 2,181) | —) |
| East Asia, Australia, and PMI Duty Free Region (EA, AU & PMI DF) | 378) | 481) | 675) | 742) | —) |
| Americas Region | 1,559) | 1,310) | 1,282) | 666) | —) |
| Wellness and Healthcare | —) | —) | —) | —) | —) |
| Total | 9,637) | 9,685) | 9,183) | 8,507) | —) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).