Philip Morris International (PM) Change in Inventory (2009 - 2026)
Philip Morris International (PM) reported Change in Inventory of $69 million for Q2 2026, down 26.6% from $94 million a year earlier but up 527.3% from the prior quarter.
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Analysis
Philip Morris International (PM) Change in Inventory (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Philip Morris International's Change in Inventory came in at $862 million, down 5.7% year-over-year; for FY2025, it came in at $1.2 billion.
- Change in Inventory has a five-year compound annual growth rate of 48.7% (FY2020 to FY2025).
- By year, Change in Inventory came in at -$552 million in FY2024, $862 million in FY2023 (-33.0%), $1.29 billion in FY2022 and -$549 million in FY2021.
- Five-year quarterly Change in Inventory spans a low of -$1.1 billion in Q2 2022 and a high of $2.08 billion in Q4 2022.
- Year over year, Change in Inventory gained in two of the last four quarters, with an average decline of 14.2%.
- The high point for year-over-year Change in Inventory in five years was Q1 2023 (growth of 237.5%); the low point was Q1 2026 (a decline of 96.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $11 million (Q1 2026), $1.15 billion (Q4 2025) and -$371 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 69.00 Mn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | -28.00 Mn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 34.76 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | - |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | -6.02 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | - |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 3.73 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 4.00 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | -13.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.00 Mn |
| Mar 31, 2026 | 11.00 Mn |
| Dec 31, 2025 | 1.15 Bn |
| Sep 30, 2025 | -371.00 Mn |
| Jun 30, 2025 | 94.00 Mn |
| Mar 31, 2025 | 325.00 Mn |
| Dec 31, 2024 | 713.00 Mn |
| Sep 30, 2024 | -218.00 Mn |
| Jun 30, 2024 | -520.00 Mn |
| Mar 31, 2024 | -527.00 Mn |
| Dec 31, 2023 | 681.00 Mn |
| Sep 30, 2023 | 107.00 Mn |
| Jun 30, 2023 | -709.00 Mn |
| Mar 31, 2023 | 783.00 Mn |
| Dec 31, 2022 | 2.08 Bn |
| Sep 30, 2022 | 74.00 Mn |
| Jun 30, 2022 | -1.10 Bn |
| Mar 31, 2022 | 232.00 Mn |
| Dec 31, 2021 | 686.00 Mn |
| Sep 30, 2021 | -468.00 Mn |
API Access
Philip Morris International Change in Inventory 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=change-in-inventory&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();