Philip Morris International Inc (PM) — Cash Flow Reinvestment Rate
Philip Morris International Inc (PM) has a Cash Flow Reinvestment Rate of 0.57x as of December 2025, reinvesting $2.68 Billion (capex $444.00 Million plus investments $2.23 Billion) from operating cash flow of $4.71 Billion. Explore PM capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Philip Morris International Inc Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for Philip Morris International Inc across 22 annual periods. Also explore Philip Morris International Inc assets under control for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Philip Morris International Inc (2003–2025)
Year-by-year capital reinvestment analysis for Philip Morris International Inc. For live market cap and broader valuation context, see how much is Philip Morris International Inc worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.14x | $1.66 Billion | $12.23 Billion | $1.57 Billion | ▼ -34.8% |
| 2024 | 0.21x | $2.54 Billion | $12.22 Billion | $1.44 Billion | ▼ -61.2% |
| 2023 | 0.53x | $4.92 Billion | $9.20 Billion | $1.32 Billion | ▲ +330.5% |
| 2022 | 0.12x | $1.34 Billion | $10.80 Billion | $1.08 Billion | ▲ +25.9% |
| 2021 | 0.10x | $1.18 Billion | $11.97 Billion | $748.00 Million | ▼ -19.4% |
| 2020 | 0.12x | $1.20 Billion | $9.81 Billion | $602.00 Million | ▲ +2.2% |
| 2019 | 0.12x | $1.21 Billion | $10.09 Billion | $852.00 Million | ▼ -36.6% |
| 2018 | 0.19x | $1.79 Billion | $9.48 Billion | $1.44 Billion | ▼ -63.1% |
| 2017 | 0.51x | $4.56 Billion | $8.91 Billion | $1.55 Billion | ▲ +93.2% |
| 2016 | 0.26x | $2.14 Billion | $8.08 Billion | $1.17 Billion | ▲ +105.3% |
| 2015 | 0.13x | $1.01 Billion | $7.87 Billion | $960.00 Million | ▼ -15.5% |
| 2014 | 0.15x | $1.18 Billion | $7.74 Billion | $1.15 Billion | ▼ -40.9% |
| 2013 | 0.26x | $2.62 Billion | $10.13 Billion | $1.20 Billion | ▲ +130.5% |
| 2012 | 0.11x | $1.06 Billion | $9.42 Billion | $1.06 Billion | ▲ +31.6% |
| 2011 | 0.09x | $897.00 Million | $10.53 Billion | $897.00 Million | ▲ +12.8% |
| 2010 | 0.08x | $713.00 Million | $9.44 Billion | $713.00 Million | ▼ -16.7% |
| 2009 | 0.09x | $715.00 Million | $7.88 Billion | $715.00 Million | ▼ -34.5% |
| 2008 | 0.14x | $1.10 Billion | $7.93 Billion | $1.10 Billion | ▼ -27.8% |
| 2007 | 0.19x | $1.07 Billion | $5.59 Billion | $1.07 Billion | ▲ +35.0% |
| 2006 | 0.14x | $886.00 Million | $6.24 Billion | $886.00 Million | ▼ -0.4% |
| 2005 | 0.14x | $736.00 Million | $5.16 Billion | $736.00 Million | ▲ +12.7% |
| 2003 | 0.13x | $586.00 Million | $4.63 Billion | $586.00 Million | — |