Philip Morris International Inc (PM) — Cash Flow Reinvestment Rate
Philip Morris International Inc (PM) has a Cash Flow Reinvestment Rate of 0.09x as of June 2026, reinvesting $478.00 Million (capex $380.00 Million plus investments $98.00 Million) from operating cash flow of $5.49 Billion. See how much free cash does Philip Morris International Inc generate to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Philip Morris International Inc cash flow conversion.
Annual Cash Flow Reinvestment Rate for Philip Morris International Inc (2003–2025)
Year-by-year capital reinvestment analysis for Philip Morris International Inc. See financial flexibility index of Philip Morris International Inc to measure the company's free cash flow as a share of total liabilities.
| 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 | — |