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Altria vs Philip Morris International: revenue, profit, margins and growth compared

Altria brought in $23.3B of revenue in fiscal 2025, Philip Morris International $40.6B in fiscal 2025. Revenue changed by -3.1% at Altria and +7.3% at Philip Morris International on the year before, so Philip Morris International grew faster. Altria kept 29.8% of its revenue as net profit, Philip Morris International 27.9%. Free cash flow was $9.1B at Altria and $10.7B at Philip Morris International.

Side by side, latest fiscal year

MOPM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$23.3B$40.6B
Revenue growth-3.1%+7.3%
Net income$6.9B$11.3B
Net margin29.8%27.9%
Free cash flow$9.1B$10.7B
Free cash flow margin39.0%26.2%
Earnings per share (diluted)$4.12$7.26
Cash$4.5B$4.9B
Debt$25.7B$48.7B
Price to earnings16.726.2
Market value$114.9B$296.9B
Dividend yield6.04%2.96%
Rank by revenue in sector#26 of 523 · Health care#19 of 523 · Health care

Over the years

Revenue
MO FY2018: $25.4BMO FY2019: $25.1BMO FY2020: $26.2BMO FY2021: $26BMO FY2022: $25.1BMO FY2023: $24.5BMO FY2024: $24BMO FY2025: $23.3BPM FY2018: $79.8BPM FY2019: $77.9BPM FY2020: $76BPM FY2021: $82.2BPM FY2022: $80.7BPM FY2023: $35.2BPM FY2024: $37.9BPM FY2025: $40.6BFY18FY19FY20FY21FY22FY23FY24FY25
MO $23.3BPM $40.6B
Net income
MO FY2018: $7BMO FY2019: -$1.3BMO FY2020: $4.5BMO FY2021: $2.5BMO FY2022: $5.8BMO FY2023: $8.1BMO FY2024: $11.3BMO FY2025: $6.9BPM FY2018: $7.9BPM FY2019: $7.2BPM FY2020: $8.1BPM FY2021: $9.1BPM FY2022: $9BPM FY2023: $7.8BPM FY2024: $7.1BPM FY2025: $11.3BFY18FY19FY20FY21FY22FY23FY24FY25
MO $6.9BPM $11.3B
Net margin
MO FY2018: 27.5%MO FY2019: -5.1%MO FY2020: 17.1%MO FY2021: 9.5%MO FY2022: 23.0%MO FY2023: 33.2%MO FY2024: 46.9%MO FY2025: 29.8%PM FY2018: 9.9%PM FY2019: 9.2%PM FY2020: 10.6%PM FY2021: 11.1%PM FY2022: 11.2%PM FY2023: 22.2%PM FY2024: 18.6%PM FY2025: 27.9%FY18FY19FY20FY21FY22FY23FY24FY25
MO 29.8%PM 27.9%
Revenue growth
MO FY2019: -1.0%MO FY2020: +4.2%MO FY2021: -0.5%MO FY2022: -3.5%MO FY2023: -2.4%MO FY2024: -1.9%MO FY2025: -3.1%PM FY2019: -2.4%PM FY2020: -2.4%PM FY2021: +8.1%PM FY2022: -1.9%PM FY2023: -56.4%PM FY2024: +7.7%PM FY2025: +7.3%FY19FY20FY21FY22FY23FY24FY25
MO -3.1%PM +7.3%
Free cash flow
MO FY2018: $8.2BMO FY2019: $7.6BMO FY2020: $8.2BMO FY2021: $8.2BMO FY2022: $8.1BMO FY2023: $9.1BMO FY2024: $8.6BMO FY2025: $9.1BPM FY2018: $8BPM FY2019: $9.2BPM FY2020: $9.2BPM FY2021: $11.2BPM FY2022: $9.7BPM FY2023: $7.9BPM FY2024: $10.8BPM FY2025: $10.7BFY18FY19FY20FY21FY22FY23FY24FY25
MO $9.1BPM $10.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Altria and Philip Morris International

Which is bigger by revenue, Altria or Philip Morris International?

Philip Morris International is bigger by revenue: $40.6B in fiscal 2025, against $23.3B for Altria in fiscal 2025.

Which keeps more of its revenue as profit, Altria or Philip Morris International?

Altria had a net margin of 29.8% in fiscal 2025; Philip Morris International had 27.9% in fiscal 2025.

Which grew revenue faster, Altria or Philip Morris International?

In their latest fiscal years revenue changed by -3.1% at Altria and +7.3% at Philip Morris International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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