CluenexPhilip Morris International PM
Philip Morris International scores excellent on business quality (7.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Philip Morris International does
Philip Morris International sells tobacco and smoke-free products to adult consumers worldwide, generating revenue primarily through global distribution of cigarette brands and heated tobacco units.
- What it does best
Pricing power and brand loyalty drive an exceptional gross margin of 67.5%, outperforming peer Altria's 62.9%. This high margin reflects deep consumer addiction and regulatory barriers that protect market share.
- The main risk
Regulatory scrutiny on smoke-free alternatives poses a constant threat to volume expansion, potentially disrupting the smoke-free transition highlighted in recent headlines.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 37.8% with an FCF margin near 29.9%, expanding steadily as high-margin smoke-free units scale and drive immense profitability.
Intangible assets and regulatory barriers lock in adult consumers globally, backed by a gross margin ranking in the top decile of its sector at the 96th percentile.
Revenue growth stands at 7.3%, accelerating from prior years as newer smoke-free products capture expanding market share.
With $4.9B in cash and massive interest coverage of 8,029x, debt costs are negligible while free cash flow reaches $12.7B, getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on PM
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Philip Morris International scores excellent on the Cluenex quality check (7.9 of 10), measured against its own industry. Profitability is strong, moat strong, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 20, 2026, before the open.
See PM today
- Today's verdict on PM, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Philip Morris International (PM)”, https://cluenex.com/stocks/pm/, data as of Oct 10, 2026.