Philip Morris International Inc (PM) — Free Cash Flow Generation Index
Philip Morris International Inc (PM) has a Free Cash Flow Generation Index of 0.91x as of December 2025. Free cash flow of $4.26 Billion represents 1% of operating cash flow ($4.71 Billion). Read PM total liabilities for a breakdown of total debt and financial obligations.
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. Explore Philip Morris International Inc (PM) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full company profile including market capitalisation, see Philip Morris International Inc stock valuation.
| 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 | — |