Philip Morris International Inc (PM) — Cash Flow Quality Index
Philip Morris International Inc (PM) has a Cash Flow Quality Index of 1.84x as of June 2026. Operating cash flow of $5.49 Billion exceeds net income of $2.98 Billion, indicating high earnings quality where cash backs reported profits. Explore PM operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see Philip Morris International Inc cash conversion from operations.
Annual Cash Flow Quality Index for Philip Morris International Inc (2003–2025)
Year-by-year earnings quality comparison for 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 | — |