Philip Morris International Inc. (PM) Presents at Consumer Analyst Group of New York Conference 2026 Transcript
British American Tobacco PLC is making steady progress in its shift away from cigarettes, with analysts at Jefferies saying the group's next-generation product strategy is "on track". In a note following last week's 2025 results, analysts described the FTSE 100 group as a "robust" operator in terms of combustible tobacco, which is transitioning successfully towards a smoke-free portfolio thanks in part to "category-leading momentum" in its US nicotine pouch brand Velo and trends in US vaping that are beginning to improve.
Philip Morris (PM) possesses solid growth attributes, which could help it handily outperform the market.
India has ruled out relaxation of a ban on e-cigarettes that would have allowed heat-not-burn tobacco products, dealing a blow to a lengthy private lobbying campaign by Philip Morris International for New Delhi to permit such devices.
Here is how Philip Morris (PM) and Scholastic (SCHL) have performed compared to their sector so far this year.
Philip Morris remains a sell due to a stretched valuation despite outstanding operational execution and strong smoke-free product (SFP) revenue growth. PM has impressively increased SFP revenues from 24% in 2020 to 41.5% in 2025, with segment gross margins reaching ~43%. Forward guidance calls for 5–7% revenue growth and high single-digit EPS growth through 2026, but risks around sustaining this trajectory persist.
Philip Morris International Inc. (PM) announced its fourth quarter and full-year 2025 results on Friday, February 6, 2026. In this update, I will share my thoughts on Philip Morris' latest results, focusing in particular on its industry-leading smoke-free products segment. Although investors have become accustomed to management's regular earnings adjustments, I will nevertheless be closely scrutinizing the 22% upward revision of Q4 2025 earnings.
Philip Morris International Inc. (PM) Q4 2025 Earnings Call Transcript
PM reports fourth quarter earnings growth as pricing strength and smoke-free expansion drove performance despite a revenue miss.
The headline numbers for Philip Morris (PM) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Philip Morris (PM) came out with quarterly earnings of $1.7 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.55 per share a year ago.
Philip Morris International logged higher profit and revenue in the fourth quarter, while forecasting continued growth for years to come.