Philip Morris International Inc (PM) — Capital Reinvestment Ratio
Latest as of December 2025:
0.09x
Philip Morris International Inc (PM) has a Capital Reinvestment Ratio of 0.09x as of December 2025, meaning it reinvests 0% of its operating cash flow ($4.71 Billion) in capital expenditures ($444.00 Million). See Philip Morris International Inc free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.09x
Capex / Operating Cash Flow
Operating Cash Flow
$4.71 Billion
USD
Capital Expenditures
$444.00 Million
USD
Data as of
Dec 2025
Most recent filing
Philip Morris International Inc Capital Reinvestment Ratio (2003–2025)
This chart tracks Philip Morris International Inc's Capital Reinvestment Ratio across 22 annual periods.
Annual Capital Reinvestment Ratio for Philip Morris International Inc (2003–2025)
Year-by-year Capital Reinvestment Ratio for Philip Morris International Inc from 2003 to 2025. For live market cap and broader valuation context, see PM company net worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | $12.23 Billion | $1.57 Billion | ▲ +8.5% |
| 2024 | 0.12x | $12.22 Billion | $1.44 Billion | ▼ -17.6% |
| 2023 | 0.14x | $9.20 Billion | $1.32 Billion | ▲ +44.0% |
| 2022 | 0.10x | $10.80 Billion | $1.08 Billion | ▲ +59.5% |
| 2021 | 0.06x | $11.97 Billion | $748.00 Million | ▲ +1.9% |
| 2020 | 0.06x | $9.81 Billion | $602.00 Million | ▼ -27.3% |
| 2019 | 0.08x | $10.09 Billion | $852.00 Million | ▼ -44.3% |
| 2018 | 0.15x | $9.48 Billion | $1.44 Billion | ▼ -12.8% |
| 2017 | 0.17x | $8.91 Billion | $1.55 Billion | ▲ +19.7% |
| 2016 | 0.15x | $8.08 Billion | $1.17 Billion | ▲ +18.9% |
| 2015 | 0.12x | $7.87 Billion | $960.00 Million | ▼ -18.1% |
| 2014 | 0.15x | $7.74 Billion | $1.15 Billion | ▲ +25.8% |
| 2013 | 0.12x | $10.13 Billion | $1.20 Billion | ▲ +5.6% |
| 2012 | 0.11x | $9.42 Billion | $1.06 Billion | ▲ +31.6% |
| 2011 | 0.09x | $10.53 Billion | $897.00 Million | ▲ +12.8% |
| 2010 | 0.08x | $9.44 Billion | $713.00 Million | ▼ -16.7% |
| 2009 | 0.09x | $7.88 Billion | $715.00 Million | ▼ -34.5% |
| 2008 | 0.14x | $7.93 Billion | $1.10 Billion | ▼ -27.8% |
| 2007 | 0.19x | $5.59 Billion | $1.07 Billion | ▲ +35.0% |
| 2006 | 0.14x | $6.24 Billion | $886.00 Million | ▼ -0.4% |
| 2005 | 0.14x | $5.16 Billion | $736.00 Million | ▲ +12.7% |
| 2003 | 0.13x | $4.63 Billion | $586.00 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow