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. Check Philip Morris International Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
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. Explore Philip Morris International Inc long-term investment allocation to see how much of total assets are deployed in long-term investments.
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 market value of Philip Morris International Inc.
| 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 | — |