Philip Morris International Inc (PM) — Financial Flexibility Index
Philip Morris International Inc (PM) has a Financial Flexibility Index of 0.08x as of June 2026. Free cash flow of $5.87 Billion (operating CF $5.49 Billion minus capex $380.00 Million) represents 0% of total liabilities ($74.93 Billion). Check PM capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Philip Morris International Inc Financial Flexibility Index (2003–2025)
Historical Financial Flexibility Index trend for Philip Morris International Inc across 22 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Philip Morris International Inc.
Annual Financial Flexibility Index for Philip Morris International Inc (2003–2025)
Year-by-year free cash flow to debt coverage for Philip Morris International Inc. Explore Philip Morris International Inc (PM) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.18x | $13.80 Billion | $12.23 Billion | $77.21 Billion | ▼ -6.2% |
| 2024 | 0.19x | $13.66 Billion | $12.22 Billion | $71.65 Billion | ▲ +35.4% |
| 2023 | 0.14x | $10.53 Billion | $9.20 Billion | $74.75 Billion | ▼ -19.4% |
| 2022 | 0.17x | $11.88 Billion | $10.80 Billion | $67.99 Billion | ▼ -32.0% |
| 2021 | 0.26x | $12.71 Billion | $11.97 Billion | $49.50 Billion | ▲ +36.8% |
| 2020 | 0.19x | $10.41 Billion | $9.81 Billion | $55.45 Billion | ▼ -9.9% |
| 2019 | 0.21x | $10.94 Billion | $10.09 Billion | $52.47 Billion | ▼ -3.4% |
| 2018 | 0.22x | $10.91 Billion | $9.48 Billion | $50.54 Billion | ▲ +9.8% |
| 2017 | 0.20x | $10.46 Billion | $8.91 Billion | $53.20 Billion | ▲ +1.5% |
| 2016 | 0.19x | $9.25 Billion | $8.08 Billion | $47.75 Billion | ▼ -0.3% |
| 2015 | 0.19x | $8.82 Billion | $7.87 Billion | $45.43 Billion | ▲ +1.3% |
| 2014 | 0.19x | $8.89 Billion | $7.74 Billion | $46.39 Billion | ▼ -24.8% |
| 2013 | 0.26x | $11.34 Billion | $10.13 Billion | $44.44 Billion | ▼ -3.8% |
| 2012 | 0.27x | $10.48 Billion | $9.42 Billion | $39.52 Billion | ▼ -21.8% |
| 2011 | 0.34x | $11.43 Billion | $10.53 Billion | $33.73 Billion | ▼ -0.1% |
| 2010 | 0.34x | $10.15 Billion | $9.44 Billion | $29.93 Billion | ▲ +12.0% |
| 2009 | 0.30x | $8.60 Billion | $7.88 Billion | $28.41 Billion | ▼ -14.6% |
| 2008 | 0.35x | $9.03 Billion | $7.93 Billion | $25.47 Billion | ▼ -11.4% |
| 2007 | 0.40x | $6.66 Billion | $5.59 Billion | $16.64 Billion | ▼ -33.4% |
| 2006 | 0.60x | $7.12 Billion | $6.24 Billion | $11.85 Billion | ▲ +30.8% |
| 2005 | 0.46x | $5.89 Billion | $5.16 Billion | $12.83 Billion | ▼ -37.1% |
| 2003 | 0.73x | $5.22 Billion | $4.63 Billion | $7.14 Billion | — |