Philip Morris International Inc (PM) — Capital Reinvestment Ratio
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 net asset quality index of Philip Morris International Inc to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Philip Morris International Inc Capital Reinvestment Ratio (2003–2025)
This chart tracks Philip Morris International Inc's Capital Reinvestment Ratio across 22 annual periods. Check how aggressively does Philip Morris International Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
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 how much is Philip Morris International Inc 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 | — |