Philip Morris International Inc (PM) — Cash Flow Quality Index
Philip Morris International Inc (PM) has a Cash Flow Quality Index of -0.16x as of March 2026. Operating cash flow of $-399.00 Million is below net income of $2.44 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore PM long-term investments to assets to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Philip Morris International Inc Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Philip Morris International Inc across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check PM tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Philip Morris International Inc (2003–2025)
Year-by-year earnings quality comparison for Philip Morris International Inc. For live market cap and the full company financial profile, see market value of Philip Morris International Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.08x | $12.23 Billion | $11.32 Billion | ▼ -33.6% |
| 2024 | 1.63x | $12.22 Billion | $7.50 Billion | ▲ +46.3% |
| 2023 | 1.11x | $9.20 Billion | $8.27 Billion | ▼ -1.8% |
| 2022 | 1.13x | $10.80 Billion | $9.53 Billion | ▼ -8.0% |
| 2021 | 1.23x | $11.97 Billion | $9.71 Billion | ▲ +7.9% |
| 2020 | 1.14x | $9.81 Billion | $8.59 Billion | ▼ -12.5% |
| 2019 | 1.31x | $10.09 Billion | $7.73 Billion | ▲ +9.0% |
| 2018 | 1.20x | $9.48 Billion | $7.91 Billion | ▼ -18.9% |
| 2017 | 1.48x | $8.91 Billion | $6.04 Billion | ▲ +27.4% |
| 2016 | 1.16x | $8.08 Billion | $6.97 Billion | ▲ +1.3% |
| 2015 | 1.14x | $7.87 Billion | $6.87 Billion | ▲ +13.2% |
| 2014 | 1.01x | $7.74 Billion | $7.66 Billion | ▼ -11.8% |
| 2013 | 1.15x | $10.13 Billion | $8.85 Billion | ▲ +11.3% |
| 2012 | 1.03x | $9.42 Billion | $9.15 Billion | ▼ -13.2% |
| 2011 | 1.19x | $10.53 Billion | $8.88 Billion | ▼ -5.8% |
| 2010 | 1.26x | $9.44 Billion | $7.50 Billion | ▲ +1.2% |
| 2009 | 1.24x | $7.88 Billion | $6.34 Billion | ▲ +12.0% |
| 2008 | 1.11x | $7.93 Billion | $7.15 Billion | ▲ +25.4% |
| 2007 | 0.89x | $5.59 Billion | $6.31 Billion | ▼ -12.8% |
| 2006 | 1.01x | $6.24 Billion | $6.15 Billion | ▲ +10.6% |
| 2005 | 0.92x | $5.16 Billion | $5.62 Billion | ▼ -21.2% |
| 2003 | 1.16x | $4.63 Billion | $3.98 Billion | — |