PerpEquities

Equity · Consumer defensive

Philip Morris International Inc. (PM) perpetual futures

PM perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PMUSDT.

Philip Morris International Inc. is a tobacco company focused on a smoke-free future, selling traditional cigarettes and smoke-free alternatives like heated tobacco and oral nicotine worldwide, excluding the U.S.

$182.52-2.0%NYSE closed
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venue perp mark · Helix (Injective) (PM/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/2 live markets
Venues
2
Live markets
1/2
24h volume
$26.7K
Open interest
-Coverage: 0/1 markets
Best liquidity
-
Tightest spread
-
Highest volume
$26.7K
Helix (Injective)
Settlement mix
USDC · 1/2
Perp/spot vol.
0.00x
Spot volume $570.9M
OI / float
-
Float $283.8B
Spot performance
1D-1.96%
5D-4.51%
1M-2.34%
6M+1.95%
YTD+13.80%
1Y+13.27%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradePM/USDCTrading$182.52+3.6% APR
+0.00042% every 1h
--$26.7K-USDC12x
BingXTradePM-USDTWatchlist------USDT-

Tradability

Execution quality

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

PM

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$284.5B
Updated 3h ago
Revenue
$42.5B
Trailing 12 months
Revenue growth
+7%
Next fiscal year
Profit margin
+25.6%
P/E
26.2
Peer P/E 24.1
Free cash flow
$12.7B
Trailing 12 months
More metrics
Net income
$10.9B
Trailing 12 months
P/S
6.7
Peer P/E
24.1
Similar listed perps
Revenue estimate
$43.4B
Next fiscal year
Earnings
2026-10-21
Revenue est. $11.2B · Updated 3h ago
Dividend
$1.47
2026-06-25

Fundamental detail

Annual + quarterly
Latest revenue$40.6B
Net margin+27.9%
Free cash flow$10.7B
Net debt$44B
2020$28.7B
2021$31.4B
2022$31.8B
2023$35.2B
2024$37.9B
2025$40.6B
PeriodRevenueGrowthNet incomeFCF
2020$28.7B-4%$8.1B$9.2B
2021$31.4B+9%$9.1B$11.2B
2022$31.8B+1%$9B$9.7B
2023$35.2B+11%$7.8B$7.9B
2024$37.9B+8%$7B$10.8B
2025$40.6B+7%$11.3B$10.7B
PeriodGross marginOperating marginNet marginROEROA
2020+66.7%+40.8%+28.1%-64.1%+18.0%
2021+68.1%+41.3%+29.0%-90.1%+22.1%
2022+64.1%+38.6%+28.5%-101.0%+14.7%
2023+63.3%+32.9%+22.1%-69.4%+11.9%
2024+64.8%+35.4%+18.6%-59.9%+11.4%
2025+67.1%+36.7%+27.9%-113.5%+16.4%
PeriodCashDebtNet debtCurrent ratio
2020$7.3B$31.5B$24.3B1.10
2021$4.5B$27.8B$23.3B0.92
2022$3.2B$43.1B$39.9B0.72
2023$3.1B$47.9B$44.8B0.75
2024$4.2B$45.7B$41.5B0.88
2025$4.9B$48.8B$44B0.96
PeriodMarket capEnterprise valueP/SP/E
2020$128.9B$153.2B4.516.0
2021$148B$171.3B4.716.3
2022$156.9B$196.8B4.917.4
2023$146B$190.9B4.218.7
2024$187B$228.5B4.926.6
2025$249.6B$293.5B6.122.1
Q3 2024$9.9B
Q4 2024$9.7B
Q1 2025$9.3B
Q2 2025$10.1B
Q3 2025$10.8B
Q4 2025$10.4B
Q1 2026$10.1B
Q2 2026$11.2B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$9.9B+8%$3.1B$3B
Q4 2024$9.7B+7%-$579M$3.7B
Q1 2025$9.3B+6%$2.7B-$754M
Q2 2025$10.1B+7%$3B$3.1B
Q3 2025$10.8B+9%$3.5B$4.1B
Q4 2025$10.4B+7%$2.1B$4.3B
Q1 2026$10.1B+9%$2.4B-$752M
Q2 2026$11.2B+10%$2.8B$5.1B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+66.0%+36.9%+31.1%-31.8%+4.6%
Q4 2024+64.7%+33.6%-6.0%+4.9%-0.9%
Q1 2025+67.3%+38.1%+28.9%-24.7%+4.1%
Q2 2025+67.7%+37.0%+30.0%-25.4%+4.4%
Q3 2025+67.8%+39.3%+32.1%-31.9%+5.2%
Q4 2025+65.6%+32.6%+20.7%-21.4%+3.1%
Q1 2026+68.1%+38.4%+24.0%-26.3%+3.5%
Q2 2026+68.4%+40.5%+25.2%-32.8%+4.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$4.3B$49.2B$45B0.89
Q4 2024$4.2B$45.7B$41.5B0.88
Q1 2025$4.4B$49.6B$45.1B0.79
Q2 2025$4.1B$51.5B$47.3B0.83
Q3 2025$4B$50.1B$46B0.85
Q4 2025$4.9B$48.8B$44B0.96
Q1 2026$5.5B$51.9B$46.5B0.98
Q2 2026$6B$49.1B$43.1B0.98
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$188.8B$233.7B19.015.3
Q4 2024$187B$228.5B19.3-81.3
Q1 2025$246.7B$291.8B26.523.1
Q2 2025$283.6B$330.9B28.023.4
Q3 2025$252.5B$298.6B23.318.2
Q4 2025$249.7B$293.7B24.129.3
Q1 2026$258.4B$304.9B25.526.5
Q2 2026$282.7B$325.8B25.325.1
Historical value series
Revenue
Q3 2023: $9.1BQ4 2023: $9BQ1 2024: $8.8BQ2 2024: $9.5BQ3 2024: $9.9BQ4 2024: $9.7BQ1 2025: $9.3BQ2 2025: $10.1BQ3 2025: $10.8BQ4 2025: $10.4BQ1 2026: $10.1BQ2 2026: $11.2BQ3 2023Q2 2026
Net income
Q3 2023: $2.1BQ4 2023: $2.2BQ1 2024: $2.1BQ2 2024: $2.4BQ3 2024: $3.1BQ4 2024: -$579MQ1 2025: $2.7BQ2 2025: $3BQ3 2025: $3.5BQ4 2025: $2.1BQ1 2026: $2.4BQ2 2026: $2.8BQ3 2023Q2 2026
EBITDA
Q3 2023: $3.8BQ4 2023: $4.1BQ1 2024: $3.4BQ2 2024: $3.9BQ3 2024: $4.1BQ4 2024: $4.3BQ1 2025: $4BQ2 2025: $4.2BQ3 2025: $4.8BQ4 2025: $4.5BQ1 2026: $4.4BQ2 2026: $4.5BQ3 2023Q2 2026
Free cash flow
Q3 2023: $3BQ4 2023: $3BQ1 2024: -$176MQ2 2024: $4.3BQ3 2024: $3BQ4 2024: $3.7BQ1 2025: -$754MQ2 2025: $3.1BQ3 2025: $4.1BQ4 2025: $4.3BQ1 2026: -$752MQ2 2026: $5.1BQ3 2023Q2 2026
EPS
Q3 2023: $1.32Q4 2023: $1.41Q1 2024: $1.38Q2 2024: $1.54Q3 2024: $1.97Q4 2024: -$0.37Q1 2025: $1.72Q2 2025: $1.95Q3 2025: $2.23Q4 2025: $1.37Q1 2026: $1.56Q2 2026: $1.8Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $3BQ3 2023 · Debt: $47.7BQ4 2023 · Cash: $3.1BQ4 2023 · Debt: $47.9BQ1 2024 · Cash: $4.1BQ1 2024 · Debt: $50.4BQ2 2024 · Cash: $4.9BQ2 2024 · Debt: $49.1BQ3 2024 · Cash: $4.3BQ3 2024 · Debt: $49.2BQ4 2024 · Cash: $4.2BQ4 2024 · Debt: $45.7BQ1 2025 · Cash: $4.4BQ1 2025 · Debt: $49.6BQ2 2025 · Cash: $4.1BQ2 2025 · Debt: $51.5BQ3 2025 · Cash: $4BQ3 2025 · Debt: $50.1BQ4 2025 · Cash: $4.9BQ4 2025 · Debt: $48.8BQ1 2026 · Cash: $5.5BQ1 2026 · Debt: $51.9BQ2 2026 · Cash: $6BQ2 2026 · Debt: $49.1BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +65.5%Q4 2023 · Gross margin: +62.1%Q1 2024 · Gross margin: +63.7%Q2 2024 · Gross margin: +64.7%Q3 2024 · Gross margin: +66.0%Q4 2024 · Gross margin: +64.7%Q1 2025 · Gross margin: +67.3%Q2 2025 · Gross margin: +67.7%Q3 2025 · Gross margin: +67.8%Q4 2025 · Gross margin: +65.6%Q1 2026 · Gross margin: +68.1%Q2 2026 · Gross margin: +68.4%Q3 2023 · Operating margin: +36.9%Q4 2023 · Operating margin: +31.9%Q1 2024 · Operating margin: +34.6%Q2 2024 · Operating margin: +36.4%Q3 2024 · Operating margin: +36.9%Q4 2024 · Operating margin: +33.6%Q1 2025 · Operating margin: +38.1%Q2 2025 · Operating margin: +37.0%Q3 2025 · Operating margin: +39.3%Q4 2025 · Operating margin: +32.6%Q1 2026 · Operating margin: +38.4%Q2 2026 · Operating margin: +40.5%Q3 2023 · Net margin: +22.5%Q4 2023 · Net margin: +24.3%Q1 2024 · Net margin: +24.4%Q2 2024 · Net margin: +25.4%Q3 2024 · Net margin: +31.1%Q4 2024 · Net margin: -6.0%Q1 2025 · Net margin: +28.9%Q2 2025 · Net margin: +30.0%Q3 2025 · Net margin: +32.1%Q4 2025 · Net margin: +20.7%Q1 2026 · Net margin: +24.0%Q2 2026 · Net margin: +25.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q2 2024: +5.6%Q3 2024: +8.4%Q4 2024: +7.3%Q1 2025: +5.8%Q2 2025: +7.1%Q3 2025: +9.4%Q4 2025: +6.8%Q1 2026: +9.1%Q2 2026: +10.4%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 1.6BQ4 2023: 1.6BQ1 2024: 1.6BQ2 2024: 1.6BQ3 2024: 1.6BQ4 2024: 1.6BQ1 2025: 1.6BQ2 2025: 1.6BQ3 2025: 1.6BQ4 2025: 1.6BQ1 2026: 1.6BQ2 2026: 1.6BQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: 17.5Q4 2023 · P/E: 16.7Q1 2024 · P/E: 16.6Q2 2024 · P/E: 16.4Q3 2024 · P/E: 15.3Q4 2024 · P/E: -81.3Q1 2025 · P/E: 23.1Q2 2025 · P/E: 23.4Q3 2025 · P/E: 18.2Q4 2025 · P/E: 29.3Q1 2026 · P/E: 26.5Q2 2026 · P/E: 25.1Q3 2023 · P/S: 15.7Q4 2023 · P/S: 16.1Q1 2024 · P/S: 16.1Q2 2024 · P/S: 16.6Q3 2024 · P/S: 19.0Q4 2024 · P/S: 19.3Q1 2025 · P/S: 26.5Q2 2025 · P/S: 28.0Q3 2025 · P/S: 23.3Q4 2025 · P/S: 24.1Q1 2026 · P/S: 25.5Q2 2026 · P/S: 25.3Q3 2023Q2 2026
P/EP/S
Revenue
2018: $29.6B2019: $29.8B2020: $28.7B2021: $31.4B2022: $31.8B2023: $35.2B2024: $37.9B2025: $40.6B20182025
Net income
2018: $7.9B2019: $7.2B2020: $8.1B2021: $9.1B2022: $9B2023: $7.8B2024: $7B2025: $11.3B20182025
EBITDA
2018: $12.5B2019: $11.6B2020: $12.7B2021: $14B2022: $13.5B2023: $13.4B2024: $15.7B2025: $17.5B20182025
Free cash flow
2018: $8B2019: $9.2B2020: $9.2B2021: $11.2B2022: $9.7B2023: $7.9B2024: $10.8B2025: $10.7B20182025
EPS
2018: $5.092019: $4.612020: $5.162021: $5.832022: $5.812023: $5.022024: $4.522025: $7.2620182025
Cash / Debt
2018 · Cash: $6.6B2018 · Debt: $31.8B2019 · Cash: $6.9B2019 · Debt: $31B2020 · Cash: $7.3B2020 · Debt: $31.5B2021 · Cash: $4.5B2021 · Debt: $27.8B2022 · Cash: $3.2B2022 · Debt: $43.1B2023 · Cash: $3.1B2023 · Debt: $47.9B2024 · Cash: $4.2B2024 · Debt: $45.7B2025 · Cash: $4.9B2025 · Debt: $48.8B20182025
CashDebt
Profitability
2018 · Gross margin: +63.7%2019 · Gross margin: +64.7%2020 · Gross margin: +66.7%2021 · Gross margin: +68.1%2022 · Gross margin: +64.1%2023 · Gross margin: +63.3%2024 · Gross margin: +64.8%2025 · Gross margin: +67.1%2018 · Operating margin: +38.3%2019 · Operating margin: +35.3%2020 · Operating margin: +40.8%2021 · Operating margin: +41.3%2022 · Operating margin: +38.6%2023 · Operating margin: +32.9%2024 · Operating margin: +35.4%2025 · Operating margin: +36.7%2018 · Net margin: +26.7%2019 · Net margin: +24.1%2020 · Net margin: +28.1%2021 · Net margin: +29.0%2022 · Net margin: +28.5%2023 · Net margin: +22.1%2024 · Net margin: +18.6%2025 · Net margin: +27.9%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: +0.6%2020: -3.7%2021: +9.4%2022: +1.1%2023: +10.7%2024: +7.7%2025: +7.3%20182025
Shares outstanding
2018: 1.6B2019: 1.6B2020: 1.6B2021: 1.6B2022: 1.6B2023: 1.6B2024: 1.6B2025: 1.6B20182025
Valuation
2018 · P/E: 13.12019 · P/E: 18.52020 · P/E: 16.02021 · P/E: 16.32022 · P/E: 17.42023 · P/E: 18.72024 · P/E: 26.62025 · P/E: 22.12018 · P/S: 3.52019 · P/S: 4.42020 · P/S: 4.52021 · P/S: 4.72022 · P/S: 4.92023 · P/S: 4.22024 · P/S: 4.92025 · P/S: 6.120182025
P/EP/S

Refreshed 3h ago

Next catalyst

Catalysts

Earnings
2026-10-21
Revenue est. $11.2B · Updated 3h ago
Dividend
$1.47
2026-06-25

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.37$43.4B+7%7
FY 20279.13$45.9B+13%9
FY 202810.00$48.7B+20%4
FY 202910.87$51B+26%1
FY 203012.05$54.2B+33%1
Q1 20272.08$10.7B+5%2

Company events

6
2026-10-21EarningsActual - / Estimate 2.24-
2026-07-22EarningsActual 2.2 / Estimate 2.05Beat
2026-06-25Dividend$1.47-
2026-04-22EarningsActual 1.96 / Estimate 1.86Beat
2026-03-19Dividend$1.47-
2026-02-06EarningsActual 1.7 / Estimate 1.7In line

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 5, 2026, 02:38 AM UTC

Company profile

Sector
Consumer Defensive
Industry
Tobacco
Chief executive
Jacek Olczak
Employees
84,900
IPO date
Mar 17, 2008
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei4.5
Piotroski scorei8/9
FMP ratingiC+
Owner earningsi$5.33B$3.41 per share
ESG risk ratingiBIndustry rank: 5 out of 13

Rating factors

Return on equityi
1
Return on assetsi
5
Debt to equityi
1
Price to earningsi
1
Price to booki
1
Market cap history
2026-06-042026-09-04Latest: $287.72BHigh: $292.89BLow: $273.48B
Largest fund holders
FundWeightShares held
VTI0.41%49.6M
VOO0.46%40.9M
IVV0.45%20.8M
1657.T0.34%20.8M
2563.T0.45%20.8M
VCPA.S0.46%20.8M
FXAIX0.44%19.3M
SPY0.45%19.1M
VTV1.1%14.8M
VSCA.S0.46%13.8M
VECA.S0.18%10.5M
FCNKX1.04%10M

Frequently asked questions

Where can I trade PM perpetual futures?

Philip Morris International Inc. (PM) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PM around the clock?

Yes. Unlike the underlying stock, PM perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PM perpetuals?

Right now the PM perp funding rate is +3.6% annualized (venue median), ranging from +3.6% to +3.6% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PM perp price compare to the Philip Morris International Inc. stock?

The venue-median PM perp mark is $182.5 versus a reference stock price of $182.5, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PM perpetual future?

A PM perpetual is a derivative that tracks the price of Philip Morris International Inc. with no expiry date. It lets you take long or short exposure to Philip Morris International Inc. on crypto venues, around the clock.

What is PMUSDT perpetual?

PMUSDT is the symbol most crypto exchanges use for the Philip Morris International Inc. perpetual settled in USDT (Tether). It tracks the PM share price through an index, trades 24/7 with leverage and never expires.

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