Philip Morris International (PM) Cash from Operations (2009 - 2026)
Philip Morris International's Cash from Operations was $5.49 billion in Q2 2026, up 61.0% from $3.41 billion a year earlier.
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Analysis
Philip Morris International (PM) Cash from Operations (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Philip Morris International's Cash from Operations was $14.26 billion through Jun 30, 2026, up 37.1% year-over-year; for FY2025, it came in at $12.23 billion, up 0.1% from FY2024.
- Cash from Operations shows a five-year compound annual growth rate of 4.5% (FY2020 to FY2025).
- In earlier years, Cash from Operations was $12.22 billion in FY2024 (+32.7%), $9.2 billion in FY2023 (-14.8%), $10.8 billion in FY2022 (-9.7%) and $11.97 billion in FY2021 (+22.0%).
- The Q2 2026 figure marks the highest quarterly Cash from Operations in data going back to Q1 2009.
- Compared with a year earlier, Cash from Operations was higher in four of the last six quarters, with growth averaging 17.5%.
- The best year-over-year quarter for Cash from Operations over five years was Q1 2022 (growth of 157.0%); the worst was Q2 2025 (a decline of 26.3%).
- Per Business Quant data, PM's Cash from Operations in the three quarters before Q2 2026 was -$399 million (Q1 2026), $4.71 billion (Q4 2025) and $4.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 5.49 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 719.00 Mn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 29.32 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -9.32 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 53.14 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 29.01 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 24.01 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 26.33 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 30.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.49 Bn |
| Mar 31, 2026 | -399.00 Mn |
| Dec 31, 2025 | 4.71 Bn |
| Sep 30, 2025 | 4.46 Bn |
| Jun 30, 2025 | 3.41 Bn |
| Mar 31, 2025 | -350.00 Mn |
| Dec 31, 2024 | 4.00 Bn |
| Sep 30, 2024 | 3.34 Bn |
| Jun 30, 2024 | 4.63 Bn |
| Mar 31, 2024 | 241.00 Mn |
| Dec 31, 2023 | 3.30 Bn |
| Sep 30, 2023 | 3.42 Bn |
| Jun 30, 2023 | 3.44 Bn |
| Mar 31, 2023 | -955.00 Mn |
| Dec 31, 2022 | 3.09 Bn |
| Sep 30, 2022 | 3.07 Bn |
| Jun 30, 2022 | 3.52 Bn |
| Mar 31, 2022 | 1.12 Bn |
| Dec 31, 2021 | 4.03 Bn |
| Sep 30, 2021 | 3.87 Bn |
API Access
Philip Morris International Cash from Operations 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=cash-from-operations&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();