Philip Morris International Inc. (PM) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | Research and Development Expense |
| Revenue | 42.55B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | (m) | |
| Operating income | 16.06B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $42.55B | (m) | $16.06B | (m) | (m) | (m) | (m) | (m) |
| 2026-03-31 | (m) | $41.49B | (m) | $15.24B | (m) | (m) | (m) | (m) | (m) |
| 2025-12-31 | $756.00M | $40.65B | (m) | $14.89B | (m) | 1.86% | (m) | (m) | (m) |
| 2025-09-30 | (m) | $39.99B | (m) | $14.78B | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | (m) | $39.06B | (m) | $14.17B | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | (m) | $38.39B | (m) | $13.90B | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | $759.00M | $37.88B | (m) | $13.40B | (m) | 2.00% | (m) | (m) | (m) |
| 2024-09-30 | (m) | $37.22B | (m) | $13.03B | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | $36.45B | (m) | $12.75B | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | $35.95B | (m) | $11.87B | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | $709.00M | $35.17B | (m) | $11.56B | $1.53B | 2.02% | (m) | 7.57× | Reported |
| 2023-09-30 | (m) | $34.28B | (m) | $11.59B | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | (m) | $33.17B | (m) | $11.19B | (m) | (m) | (m) | (m) | (m) |
| 2023-03-31 | (m) | $32.03B | (m) | $11.68B | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | $642.00M | $31.76B | (m) | $12.25B | $768.00M | 2.02% | (m) | 15.95× | Reported |
| 2022-09-30 | (m) | $31.71B | (m) | $12.27B | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | (m) | $31.80B | (m) | $12.76B | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | (m) | $31.57B | (m) | $12.83B | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | $617.00M | $31.41B | (m) | $12.97B | $737.00M | 1.96% | (m) | 17.61× | Reported |
| 2021-09-30 | (m) | $30.75B | (m) | $12.93B | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | (m) | $30.07B | (m) | $12.72B | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | (m) | $29.13B | (m) | $12.32B | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | $495.00M | $28.69B | (m) | $11.67B | $728.00M | 1.73% | (m) | 16.03× | Reported |
| 2020-09-30 | (m) | $28.96B | (m) | $11.27B | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | (m) | $29.16B | (m) | $10.81B | (m) | (m) | (m) | (m) | (m) |
| 2020-03-31 | (m) | $30.21B | (m) | $11.27B | (m) | (m) | (m) | (m) | (m) |
| 2019-12-31 | $465.00M | $29.80B | (m) | $10.53B | $796.00M | 1.56% | (m) | 13.23× | Reported |
| 2019-09-30 | (m) | $29.59B | (m) | $10.73B | (m) | (m) | (m) | (m) | (m) |
| 2019-06-30 | (m) | $29.45B | (m) | $11.10B | (m) | (m) | (m) | (m) | (m) |
| 2019-03-31 | (m) | $29.48B | (m) | $11.00B | (m) | (m) | (m) | (m) | (m) |
| 2018-12-31 | $383.00M | $29.63B | (m) | $11.38B | $855.00M | 1.29% | (m) | 13.31× | Reported |
| 2018-09-30 | (m) | $79.77B | (m) | $11.94B | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | (m) | $79.74B | (m) | $11.87B | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | (m) | $78.93B | (m) | $11.51B | (m) | (m) | (m) | (m) | (m) |
| 2017-12-31 | $453.00M | $78.10B | (m) | $11.50B | $1.10B | 0.58% | (m) | 10.50× | Reported |
| 2017-09-30 | (m) | $75.70B | (m) | $10.80B | (m) | (m) | (m) | (m) | (m) |
| 2017-06-30 | (m) | $75.00B | (m) | $10.71B | (m) | (m) | (m) | (m) | (m) |
| 2017-03-31 | (m) | $74.72B | (m) | $10.74B | (m) | (m) | (m) | (m) | (m) |
| 2016-12-31 | $429.00M | $74.95B | (m) | $10.81B | $1.07B | 0.57% | (m) | 10.12× | Reported |
| 2016-09-30 | (m) | $74.14B | (m) | $10.10B | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | (m) | $73.62B | (m) | $10.09B | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | (m) | $73.34B | (m) | $10.22B | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | $423.00M | $73.91B | (m) | $10.62B | $1.13B | 0.57% | (m) | 9.38× | Reported |
| 2015-09-30 | (m) | $75.48B | (m) | $11.25B | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | $77.39B | (m) | $11.64B | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | $79.68B | (m) | $11.62B | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $433.00M | $80.11B | (m) | $11.70B | $1.17B | 0.54% | (m) | 10.00× | Reported |
| 2014-09-30 | (m) | $80.56B | (m) | $12.36B | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | $79.85B | (m) | $12.61B | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | (m) | $79.28B | (m) | $13.07B | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | $449.00M | $80.03B | (m) | $13.52B | $1.10B | 0.56% | (m) | 12.24× | Reported |
| 2013-09-30 | (m) | $79.38B | (m) | $13.53B | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | (m) | $78.34B | (m) | $13.56B | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | (m) | $77.90B | (m) | $13.83B | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | $415.00M | $77.39B | (m) | $13.85B | $1.01B | 0.54% | (m) | 13.75× | Reported |
| 2012-09-30 | (m) | $76.53B | (m) | $13.57B | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | (m) | $77.64B | (m) | $13.62B | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | (m) | $77.84B | (m) | $13.73B | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $413.00M | $76.35B | (m) | $13.33B | $934.00M | 0.54% | (m) | 14.27× | Reported |
| 2011-09-30 | (m) | $75.28B | (m) | $13.14B | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | $71.51B | (m) | $12.30B | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | $68.66B | (m) | $11.49B | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $391.00M | $67.71B | (m) | $11.20B | $974.00M | 0.58% | (m) | 11.50× | Reported |
| 2010-09-30 | (m) | $66.91B | (m) | $10.90B | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | $66.55B | (m) | $10.91B | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | $64.38B | (m) | $10.44B | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | $62.08B | (m) | $10.04B | (m) | (m) | (m) | (m) | (m) |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | $63.64B | (m) | $10.25B | (m) | (m) | (m) | (m) | (m) |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | $55.24B | (m) | $8.89B | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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