Is it safe?
Can PM take a bad year?
Philip Morris International carries $43.1B of net debt at 2.38× EBITDA: a load its earnings can carry.
$43.1B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 2.38×
Net debt / EBITDA · 2.94× a year ago · the load is coming down
- Altman Z-score
- 4.16
Altman Z-score · safe zone, above 3
- Annualised volatility
- 28%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $49.1B
- Cash and short-term investments
- $6.00B
- Net debt
- $43.1B
- EBITDA, trailing twelve months
- $18.1B
- Operating profit, trailing twelve months
- $16.1B
- Total debt / EBITDA
- 2.71×
- Annualised volatilitytwo years of daily moves
- 28%
- Worst drawdown on file
- −43%
- Below its 52-week high
- −3.0%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Consumer Defensive
Ranks #28 of 106 by Smart Score