Philip Morris International (PM) Capital Expenditures (2009 - 2026)
Philip Morris International's Capital Expenditures was $380 million in Q2 2026, up 6.7% from $356 million a year earlier and up 7.6% from the prior quarter.
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Analysis
Philip Morris International (PM) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Philip Morris International's Capital Expenditures was $1.54 billion through Jun 30, 2026, up 8.8% year-over-year; for FY2025, it came in at $1.57 billion, up 8.7% from FY2024.
- Capital Expenditures has now increased for five consecutive years, with a five-year compound annual growth rate of 21.1% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $1.44 billion in FY2024 (+9.3%), $1.32 billion in FY2023 (+22.7%), $1.08 billion in FY2022 (+44.0%) and $748 million in FY2021 (+24.3%).
- Quarterly Capital Expenditures has moved between -$454 million (Q4 2023) and $1.14 billion (Q3 2023) over five years.
- Compared with a year earlier, Capital Expenditures was higher in two of the last seven quarters, with an average decline of 3.3%.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2023 (growth of 350.8%); the worst was Q3 2024 (a decline of 66.6%).
- Per Business Quant data, PM's Capital Expenditures in the three quarters before Q2 2026 was $353 million (Q1 2026), $444 million (Q4 2025) and $365 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 380.00 Mn |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 57.00 Mn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 49.90 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | - |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | 21.01 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 20.22 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 1.74 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 88,000.00 |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 11.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 380.00 Mn |
| Mar 31, 2026 | 353.00 Mn |
| Dec 31, 2025 | 444.00 Mn |
| Sep 30, 2025 | 365.00 Mn |
| Jun 30, 2025 | 356.00 Mn |
| Mar 31, 2025 | 404.00 Mn |
| Dec 31, 2024 | 278.00 Mn |
| Sep 30, 2024 | 379.00 Mn |
| Jun 30, 2024 | 370.00 Mn |
| Mar 31, 2024 | 417.00 Mn |
| Dec 31, 2023 | -454.00 Mn |
| Sep 30, 2023 | 1.14 Bn |
| Jun 30, 2023 | 360.00 Mn |
| Mar 31, 2023 | 279.00 Mn |
| Dec 31, 2022 | 347.00 Mn |
| Sep 30, 2022 | 252.00 Mn |
| Jun 30, 2022 | 249.00 Mn |
| Mar 31, 2022 | 229.00 Mn |
| Dec 31, 2021 | 289.00 Mn |
| Sep 30, 2021 | 152.00 Mn |
API Access
Philip Morris International Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "PM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();