Philip Morris International Inc (PM) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Philip Morris International Inc (PM) has a cash flow conversion efficiency ratio of -0.587x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($4.71 Billion) by net assets ($-8.03 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Philip Morris International Inc - Cash Flow Conversion Efficiency Trend (2003–2025)
This chart illustrates how Philip Morris International Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Philip Morris International Inc debt and liabilities for a breakdown of total debt and financial obligations.
Philip Morris International Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Philip Morris International Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
LVMH Moët Hennessy - Louis Vuitton Société Européenne
PA:MC
|
0.118x |
|
Morgan Stanley
NYSE:MS
|
-0.030x |
|
HSBC Holdings plc
MX:HBCN
|
N/A |
|
Merck & Company Inc
NYSE:MRK
|
0.151x |
|
UnitedHealth Group Incorporated
NYSE:UNH
|
0.011x |
|
Toyota Motor Corporation ADR
NYSE:TM
|
0.021x |
|
Roche Holding AG
SW:ROP
|
0.296x |
|
Kweichow Moutai Co Ltd
SHG:600519
|
0.095x |
Annual Cash Flow Conversion Efficiency for Philip Morris International Inc (2003–2025)
The table below shows the annual cash flow conversion efficiency of Philip Morris International Inc from 2003 to 2025. For the full company profile with market capitalisation and key ratios, see Philip Morris International Inc (PM) market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $-8.03 Billion | $12.23 Billion | -1.524x | -23.11% |
| 2024-12-31 | $-9.87 Billion | $12.22 Billion | -1.238x | -27.03% |
| 2023-12-31 | $-9.45 Billion | $9.20 Billion | -0.974x | +43.08% |
| 2022-12-31 | $-6.31 Billion | $10.80 Billion | -1.712x | -17.41% |
| 2021-12-31 | $-8.21 Billion | $11.97 Billion | -1.458x | -57.97% |
| 2020-12-31 | $-10.63 Billion | $9.81 Billion | -0.923x | +12.20% |
| 2019-12-31 | $-9.60 Billion | $10.09 Billion | -1.051x | -19.10% |
| 2018-12-31 | $-10.74 Billion | $9.48 Billion | -0.883x | -1.31% |
| 2017-12-31 | $-10.23 Billion | $8.91 Billion | -0.871x | -17.56% |
| 2016-12-31 | $-10.90 Billion | $8.08 Billion | -0.741x | -8.12% |
| 2015-12-31 | $-11.48 Billion | $7.87 Billion | -0.685x | +0.79% |
| 2014-12-31 | $-11.20 Billion | $7.74 Billion | -0.691x | +57.24% |
| 2013-12-31 | $-6.27 Billion | $10.13 Billion | -1.615x | +68.23% |
| 2012-12-31 | $-1.85 Billion | $9.42 Billion | -5.084x | -185.13% |
| 2011-12-31 | $1.76 Billion | $10.53 Billion | 5.972x | +224.08% |
| 2010-12-31 | $5.12 Billion | $9.44 Billion | 1.843x | +43.63% |
| 2009-12-31 | $6.14 Billion | $7.88 Billion | 1.283x | +21.27% |
| 2008-12-31 | $7.50 Billion | $7.93 Billion | 1.058x | +191.54% |
| 2007-12-31 | $15.40 Billion | $5.59 Billion | 0.363x | -16.97% |
| 2006-12-31 | $14.27 Billion | $6.24 Billion | 0.437x | -12.66% |
| 2005-12-31 | $10.31 Billion | $5.16 Billion | 0.500x | +13.39% |
| 2003-12-31 | $10.49 Billion | $4.63 Billion | 0.441x | -- |
About Philip Morris International Inc
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.