Philip Morris International Inc (PM) — Free Cash Flow Generation Index
Philip Morris International Inc (PM) has a Free Cash Flow Generation Index of 0.93x as of June 2026. Free cash flow of $5.11 Billion represents 1% of operating cash flow ($5.49 Billion). Explore Philip Morris International Inc (PM) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Philip Morris International Inc Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Philip Morris International Inc across 22 annual periods. For the full cash flow conversion analysis, see PM cash generation efficiency.
Annual Free Cash Flow Generation for Philip Morris International Inc (2003–2025)
Year-by-year Free Cash Flow Generation Index for Philip Morris International Inc. Check Philip Morris International Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.87x | $10.66 Billion | $12.23 Billion | $1.57 Billion | ▼ -1.1% |
| 2024 | 0.88x | $10.77 Billion | $12.22 Billion | $1.44 Billion | ▲ +3.0% |
| 2023 | 0.86x | $7.88 Billion | $9.20 Billion | $1.32 Billion | ▼ -4.9% |
| 2022 | 0.90x | $9.73 Billion | $10.80 Billion | $1.08 Billion | ▼ -4.0% |
| 2021 | 0.94x | $11.22 Billion | $11.97 Billion | $748.00 Million | ▼ -0.1% |
| 2020 | 0.94x | $9.21 Billion | $9.81 Billion | $602.00 Million | ▲ +2.5% |
| 2019 | 0.92x | $9.24 Billion | $10.09 Billion | $852.00 Million | ▲ +7.9% |
| 2018 | 0.85x | $8.04 Billion | $9.48 Billion | $1.44 Billion | ▲ +2.7% |
| 2017 | 0.83x | $7.36 Billion | $8.91 Billion | $1.55 Billion | ▼ -3.3% |
| 2016 | 0.85x | $6.91 Billion | $8.08 Billion | $1.17 Billion | ▼ -2.6% |
| 2015 | 0.88x | $6.91 Billion | $7.87 Billion | $960.00 Million | ▲ +3.2% |
| 2014 | 0.85x | $6.59 Billion | $7.74 Billion | $1.15 Billion | ▼ -3.5% |
| 2013 | 0.88x | $8.94 Billion | $10.13 Billion | $1.20 Billion | ▼ -0.7% |
| 2012 | 0.89x | $8.37 Billion | $9.42 Billion | $1.06 Billion | ▼ -2.9% |
| 2011 | 0.91x | $9.63 Billion | $10.53 Billion | $897.00 Million | ▼ -1.0% |
| 2010 | 0.92x | $8.72 Billion | $9.44 Billion | $713.00 Million | ▲ +1.7% |
| 2009 | 0.91x | $7.17 Billion | $7.88 Billion | $715.00 Million | ▲ +5.5% |
| 2008 | 0.86x | $6.84 Billion | $7.93 Billion | $1.10 Billion | ▲ +6.6% |
| 2007 | 0.81x | $4.52 Billion | $5.59 Billion | $1.07 Billion | ▼ -5.8% |
| 2006 | 0.86x | $5.35 Billion | $6.24 Billion | $886.00 Million | ▲ +0.1% |
| 2005 | 0.86x | $4.42 Billion | $5.16 Billion | $736.00 Million | ▼ -1.8% |
| 2003 | 0.87x | $4.04 Billion | $4.63 Billion | $586.00 Million | — |