Free Cash Flow for Philip Morris International (PM)
Free Cash Flow for Philip Morris International (PM): headline value $10.67B · YoY -1.0%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$10.67B
YoY change
-1.0%
5Y CAGR
+3.0%
Peak year (2021)
$11.22B
Latest annual
$10.66B
Free Cash Flow history chart for Philip Morris International (PM) from 2003 to 2025
Free Cash Flow history table for Philip Morris International (PM) from 2003 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $10.66B | -1.0% | ||
| 2024 | $10.77B | +36.7% | ||
| 2023 | $7.88B | -18.9% | ||
| 2022 | $9.73B | -13.3% | ||
| 2021 | $11.22B | +21.8% | ||
| 2020 | $9.21B | -0.3% | ||
| 2019 | $9.24B | +14.9% | ||
| 2018 | $8.04B | +9.2% | ||
| 2017 | $7.36B | +6.6% | ||
| 2016 | $6.91B | 0.0% | ||
| 2015 | $6.91B | +4.8% | ||
| 2014 | $6.59B | -26.3% | ||
| 2013 | $8.94B | +6.8% | ||
| 2012 | $8.37B | -13.2% | ||
| 2011 | $9.63B | +10.4% | ||
| 2010 | $8.72B | +21.7% | ||
| 2009 | $7.17B | +4.9% | ||
| 2008 | $6.84B | +51.3% | ||
| 2007 | $4.52B | -15.6% | ||
| 2006 | $5.35B | +21.0% | ||
| 2005 | $4.42B | — | ||
| 2003 | $4.04B | — |
Free Cash Flow values are taken from Philip Morris International's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Philip Morris International (PM) came in at $10.66B – edged down 1.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Philip Morris International free cash flow compounded at +3.0% per year, with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, Philip Morris International free cash flow edged down 4.9%, falling from $11.22B to $10.66B.
2021 marks the peak free cash flow at $11.22B, with the historical low of $4.04B recorded in 2003.
Among 8 Consumer Defensive peers, Philip Morris International (PM) ranks 3rd; the peer median for free cash flow is $7.75B.
Philip Morris International Free Cash Flow by Year
Philip Morris International Free Cash Flow 2025: $10.66B
Philip Morris International free cash flow in 2025 was $10.66B, edged down 1.0% below 2024.
Philip Morris International Free Cash Flow 2024: $10.77B
Philip Morris International free cash flow in 2024 was $10.77B, surged 36.7% from 2023.
Philip Morris International Free Cash Flow 2023: $7.88B
Philip Morris International free cash flow in 2023 was $7.88B, declined 18.9% below 2022.
Philip Morris International Free Cash Flow 2022: $9.73B
Philip Morris International free cash flow in 2022 was $9.73B, declined 13.3% below 2021.
Philip Morris International Free Cash Flow 2021: $11.22B
Philip Morris International free cash flow in 2021 was $11.22B.
See more financial history for Philip Morris International (PM).
Sector peers — Free Cash Flow
Companies in the same sector as Philip Morris International, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $14.92B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $14.04B | Consumer Defensive |
| Altria Group, Inc. (MO) | $9.07B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $7.84B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $7.67B | Consumer Defensive |
| The Coca-Cola Company (KO) | $5.30B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.23B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $1.97B | Consumer Defensive |
Frequently asked questions
What is Philip Morris International's free cash flow?
Latest reported free cash flow for Philip Morris International (PM) is $10.67B (period ending March 31, 2026).
How has Philip Morris International free cash flow changed year-over-year?
Philip Morris International (PM) free cash flow changed -1.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Philip Morris International free cash flow?
Philip Morris International (PM) free cash flow compound annual growth rate is +3.0% over the most recent 5 years available.
When did Philip Morris International free cash flow hit its highest annual value?
Philip Morris International free cash flow reached its highest annual value of $11.22B in 2021.
What was Philip Morris International free cash flow in 2024?
Philip Morris International (PM) free cash flow in 2024 was $10.77B.
What was Philip Morris International free cash flow in 2025?
Philip Morris International (PM) free cash flow in 2025 was $10.66B.
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