Operating Cash Flow CAGR:4.80%(TTM)
Operating cash flow CAGR uses precomputed cash-flow statement history (cash from operations, before capital expenditures).
Over longer horizons, Operating Cash Flow CAGR averages 11.75% over 3 years and 5.93% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Operating cash flow CAGR measures the compound annual growth rate of the cash Philip Morris International Inc. generates from its core business operations, before capital expenditures, computed from rolling-twelve-month cash-flow statement history.
PM Operating Cash Flow CAGR Chart
Philip Morris International Inc. (PM)
PM Quarterly Operating Cash Flow Growth (YoY)
Operating Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
PM Operating Cash Flow CAGR History
| Year | Start OCF | End OCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $12.22B | $12.23B | +$16.00M | +0.13% | +0.13% |
| 2024 | $9.20B | $12.22B | +$3.01B | +32.74% | +32.74% |
| 2023 | $10.80B | $9.20B | $-1.60B | -14.80% | -14.80% |
| 2022 | $11.97B | $10.80B | $-1.16B | -9.73% | -9.73% |
| 2021 | $9.81B | $11.97B | +$2.15B | +21.96% | +21.96% |
| 2020 | $10.09B | $9.81B | $-278.00M | -2.76% | -2.76% |
| 2019 | $9.48B | $10.09B | +$612.00M | +6.46% | +6.46% |
| 2018 | $8.91B | $9.48B | +$566.00M | +6.35% | +6.35% |
| 2017 | $8.08B | $8.91B | +$835.00M | +10.34% | +10.34% |
| 2016 | $7.87B | $8.08B | +$212.00M | +2.70% | +2.70% |
| 2015 | $7.74B | $7.87B | +$126.00M | +1.63% | +1.63% |
| 2014 | $10.13B | $7.74B | $-2.40B | -23.64% | -23.64% |
| 2013 | $9.42B | $10.13B | +$714.00M | +7.58% | +7.58% |
| 2012 | $10.53B | $9.42B | $-1.11B | -10.52% | -10.52% |
| 2011 | $9.44B | $10.53B | +$1.09B | +11.57% | +11.57% |
| 2010 | $7.88B | $9.44B | +$1.55B | +19.70% | +19.70% |
| 2009 | $7.93B | $7.88B | $-51.00M | -0.64% | -0.64% |
| 2008 | $5.59B | $7.93B | +$2.35B | +41.98% | +41.98% |
| 2007 | $6.24B | $5.59B | $-647.00M | -10.38% | -10.38% |
| 2006 | $5.16B | $6.24B | +$1.08B | +20.90% | +20.90% |
| 2005 | $4.63B | $5.16B | +$528.00M | +11.40% | +11.40% |
Quarterly Operating Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | -$399.00M | — | -14.0% |
| Q4 2025 | $4.71B | +5.5% | +17.7% |
| Q3 2025 | $4.46B | +30.8% | +33.5% |
| Q2 2025 | $3.41B | — | -26.3% |
| Q1 2025 | -$350.00M | — | — |
| Q4 2024 | $4.00B | +19.7% | +21.2% |
| Q3 2024 | $3.34B | -27.8% | -2.1% |
| Q2 2024 | $4.63B | +1822.0% | +34.6% |
| Q1 2024 | $241.00M | -92.7% | — |
| Q4 2023 | $3.30B | -3.3% | +6.8% |
| Q3 2023 | $3.42B | -0.8% | +11.3% |
| Q2 2023 | $3.44B | — | -2.3% |
| Q1 2023 | -$955.00M | — | — |
| Q4 2022 | $3.09B | +0.8% | -23.3% |
| Q3 2022 | $3.07B | -12.9% | -20.7% |
| Q2 2022 | $3.52B | +215.2% | -2.9% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About Philip Morris International Inc.
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
- Sector
- Consumer Defensive
- Industry
- Tobacco
- CEO
- Jacek Olczak