Loading company filing…
Find a company. Follow its revenue through costs and profit.
Coverage includes separate ticker and security records; counts are not unique companies.
Sankey diagram of Philip Morris International Inc.. A complete text table follows the diagram.
IQOS, ZYN and e-vapor grew as cigarette shipments fell 5%, shifting the portfolio toward non-combustible formats even while cigarettes remain the larger profit pool
Swipe to explore
All flow values are directly reported. Pension income is presented as a positive source; the reported equity-investment loss is shown after tax to preserve nonnegative Sankey topology.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Smoke-free products | 1 | $4.4B | IQOS, ZYN, VEEV and wellness; up 12% |
| Combustible tobacco | 1 | $5.8B | Cigarettes and other combustibles; up 7% |
| Net revenue | 2 | $10.1B | Up 9.1% year over year |
| Gross profit | 3 | $6.9B | 68.1% gross margin |
| Cost of sales | 3 | $3.2B | Tobacco, devices, manufacturing and logistics |
| Operating income | 4 | $3.9B | 38.4% operating margin |
| Marketing, administration & research | 4 | $2.9B | Commercial transition and product development |
| Corporate expenses & other | 4 | $155M | Central and share-compensation costs |
| Pension & benefit income | 4 | $5M | Net benefit-plan income |
| Income before interest | 5 | $3.9B | Operating income plus benefit income |
| Earnings before tax | 6 | $3.7B | 36.1% of revenue |
| Net interest expense | 6 | $237M | Acquisition and corporate financing |
| After-tax earnings before equity loss | 7 | $3.0B | Before marked equity investments |
| Income tax | 7 | $676M | 18.5% effective rate |
| Net earnings | 8 | $2.6B | After equity-security remeasurement |
| Equity investments & securities loss | 8 | $403M | Primarily India and Sri Lanka holdings |
| Earnings attributable to PMI | 9 | $2.4B | $1.56 diluted EPS |
| Noncontrolling interests | 9 | $144M | Minority ownership claims |
| From | To | Value |
|---|---|---|
| Smoke-free products | Net revenue | $4.4B |
| Combustible tobacco | Net revenue | $5.8B |
| Net revenue | Gross profit | $6.9B |
| Net revenue | Cost of sales | $3.2B |
| Gross profit | Operating income | $3.9B |
| Gross profit | Marketing, administration & research | $2.9B |
| Gross profit | Corporate expenses & other | $155M |
| Operating income | Income before interest | $3.9B |
| Pension & benefit income | Income before interest | $5M |
| Income before interest | Earnings before tax | $3.7B |
| Income before interest | Net interest expense | $237M |
| Earnings before tax | After-tax earnings before equity loss | $3.0B |
| Earnings before tax | Income tax | $676M |
| After-tax earnings before equity loss | Net earnings | $2.6B |
| After-tax earnings before equity loss | Equity investments & securities loss | $403M |
| Net earnings | Earnings attributable to PMI | $2.4B |
| Net earnings | Noncontrolling interests | $144M |