Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 9.47B | 11.5% |
| Gross Profit | 6.12B | 9.4% |
| Cost of Revenue | 3.37B | 4.3% |
| Operating expense | 12M | 96.2% |
| Net Income | 2.41B | 12% |
| EBITDA | 3.46B | 8.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 65.8B | 0.7% |
| Total Liabilities | 73.7B | 0.2% |
| Shares Outstanding | 1.56B | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 4.63B | 1822% |
| Cash from investing | -337M | 74.6% |
| Cash from financing | -3.53B | 411.2% |
EPS
Financial Highlights for Philip Morris International in Q2 '24
Philip Morris International reported a revenue of 9.47B, which is a 11.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 6.12B, marking a 9.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.37B, a -4.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 12M, showing a -96.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.41B, showing a 12% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.46B, showing a 8.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Philip Morris International with growth in revenue, gross profit, and net income.
