Philip Morris International Inc. (PM) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Consumer Staples / Food & Beverage · as of Aug 7, 2026
Philip Morris International Inc. (PM)
A forensic read on Philip Morris International Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
7.0
Distress distance
Clean
Earnings quality
4
Forensic signals
26.9
P / E (ttm)
$295.5B
Market cap
3.13%
Dividend yield
7.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Philip Morris International Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 7.0, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
286d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 277 to 286 FY2024→FY2025 (against cost of goods sold; inventory +21% vs +0% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
+13.8%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +13.8% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by inventory up +21% against +0% in cost of sales and receivables up +21% against revenue +7%. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 3% of net operating assets, diverging from the balance-sheet accrual read.
+0.1%/yr
FY2022–FY2025
Share count.Diluted share count changed +0% over the last 3 years to FY2025 (+0.1%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$706M
FY2023–FY2025
Goodwill impairments.Took $706M of goodwill writedowns across 2 years (FY2023 ($665M), FY2025 ($41M)) — about 3% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$40.65B
Revenue Growth YoY+7.3%
Revenue CAGR (3yr)+8.6%
Net Margin27.9%
Free Cash Flow$10.66B
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Philip Morris International Inc.'s actual 10-K/10-Q/8-K filings?