Flagship explainer

What drives Philip Morris International Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−104%Tax burden82%net income ÷ pretax incomeInterest burden93%pretax ÷ operating incomeOperating margin37%operating income ÷ revenueAsset turnover0.62×revenue ÷ average assetsEquity multiplier-6.02×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$11.3BFY2025
Income before tax$13.9BFY2025
Operating income$14.9BFY2025
$40.6BFY2025
Ending assets$69.2BFY2025
Beginning assets$61.8BFY2024
−$10.0BFY2025
−$11.8BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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