Latest period
$1.52B
YoY change
+8.7%
5Y CAGR
+21.1%
Peak year (2025)
$1.57B
Cumulative CapEx
$23.20B
CapEx history chart for Philip Morris International (PM) from 2003 to 2025
Latest: $1.57B
CapEx growth chart for Philip Morris International (PM) from 2003 to 2025
Latest: +8.7%
CapEx history table for Philip Morris International (PM) from 2003 to 2025
| 2025 | $1.57B | +8.7% | +$125.00M | ||
| 2024 | $1.44B | +9.3% | +$123.00M | ||
| 2023 | $1.32B | +22.7% | +$244.00M | ||
| 2022 | $1.08B | +44.0% | +$329.00M | ||
| 2021 | $748.00M | +24.3% | +$146.00M | ||
| 2020 | $602.00M | -29.3% | −$250.00M | ||
| 2019 | $852.00M | -40.7% | −$584.00M | ||
| 2018 | $1.44B | -7.2% | −$112.00M | ||
| 2017 | $1.55B | +32.1% | +$376.00M | ||
| 2016 | $1.17B | +22.1% | +$212.00M | ||
| 2015 | $960.00M | -16.7% | −$193.00M | ||
| 2014 | $1.15B | -3.9% | −$47.00M | ||
| 2013 | $1.20B | +13.6% | +$144.00M | ||
| 2012 | $1.06B | +17.7% | +$159.00M | ||
| 2011 | $897.00M | +25.8% | +$184.00M | ||
| 2010 | $713.00M | -0.3% | −$2.00M | ||
| 2009 | $715.00M | -34.9% | −$384.00M | ||
| 2008 | $1.10B | +2.5% | +$27.00M | ||
| 2007 | $1.07B | +21.0% | +$186.00M | ||
| 2006 | $886.00M | +20.4% | +$150.00M | ||
| 2005 | $736.00M | — | — | ||
| 2003 | $586.00M | — | — |
- 2025$1.57B+8.7%
- 2024$1.44B+9.3%
- 2023$1.32B+22.7%
- 2022$1.08B+44.0%
- 2021$748.00M+24.3%
- 2020$602.00M-29.3%
- 2019$852.00M-40.7%
- 2018$1.44B-7.2%
- 2017$1.55B+32.1%
- 2016$1.17B+22.1%
- 2015$960.00M-16.7%
- 2014$1.15B-3.9%
- 2013$1.20B+13.6%
- 2012$1.06B+17.7%
- 2011$897.00M+25.8%
- 2010$713.00M-0.3%
- 2009$715.00M-34.9%
- 2008$1.10B+2.5%
- 2007$1.07B+21.0%
- 2006$886.00M+20.4%
- 2005$736.00M—
- 2003$586.00M—
CapEx values are taken from Philip Morris International's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Philip Morris International (PM)
According to Philip Morris International's latest reported financial statements, the company's current CapEx (TTM) is $1.52B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Philip Morris International (PM) CapEx is $1.57B – grew 8.7% year-over-year.
Through 2020–2025 (5 years), Philip Morris International CapEx delivered a +21.1% annualised rate; sustaining 5 straight years of year-over-year growth.
$1.57B stands as the all-time-high annual CapEx, posted in 2025, against a low of $586.00M during 2003.
Philip Morris International Capital Expenditures by Year
Philip Morris International Capital Expenditures 2025: $1.57B
Philip Morris International posted CapEx of $1.57B in 2025, grew 8.7% from 2024. This figure represents the highest annual value in the available history.
Philip Morris International Capital Expenditures 2024: $1.44B
In 2024, Philip Morris International reported CapEx of $1.44B, grew 9.3% from 2023.
Philip Morris International Capital Expenditures 2023: $1.32B
Philip Morris International CapEx in 2023 was $1.32B, grew 22.7% from 2022.
Philip Morris International Capital Expenditures 2022: $1.08B
2022's CapEx for Philip Morris International came in at $1.08B, surged 44.0% from 2021.
Philip Morris International Capital Expenditures 2021: $748.00M
Philip Morris International CapEx in 2021 was $748.00M.
See more financial history for Philip Morris International (PM).
Sector peers by CapEx
Consumer Defensive peers of Philip Morris International (PM), ranked by their latest CapEx
| $26.64B | |
| $5.50B | |
| $4.42B | |
| $3.77B | |
| $2.11B | |
| $1.28B | |
| $216.00M | |
| $132.28M |
- $26.64B
- $5.50B
- $4.42B
- $3.77B
- $2.11B
- $216.00M
- $132.28M
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