Philip Morris International (PM) Inventory (2009 - 2026)
Philip Morris International (PM) recorded Inventory of $10.33 billion in Q3 2026, up 0.6% from $10.27 billion a year earlier but down 9.7% from the prior quarter.
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Analysis
Philip Morris International (PM) Inventory (2009 - 2026) Analysis & Trends
At the end of FY2025, Philip Morris International reported Inventory of $11.48 billion, up 21.4% from FY2024.
- Annual Inventory has a five-year compound annual growth rate of 3.7% (FY2020 to FY2025).
- Across earlier years, Inventory came in at $9.45 billion in FY2024 (-12.3%), $10.77 billion in FY2023 (+9.0%), $9.89 billion in FY2022 (+13.4%) and $8.72 billion in FY2021 (-9.1%).
- Quarterly Inventory has ranged from $7.15 billion in Q3 2022 to $11.48 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Inventory has increased for seven consecutive quarters, with growth averaging 6.8% over the last eight quarters.
- Peak year-over-year performance for Inventory in the last five years was growth of 34.8% in Q3 2023, against a decline of 13.1% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $11.44 billion (Q2 2026), $11.39 billion (Q1 2026) and $11.48 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn | 10.33 Bn |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | 6.42 Bn |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | 1.08 Bn |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | 239.87 Mn |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | 186.87 Mn |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | 42.55 Mn |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | 191.68 Mn |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | 52.70 Mn |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | 133.43 Mn |
| 10 | Tilray Brands | 363.35 Mn | -604.15 Mn | 77.51 Mn | 328.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.33 Bn |
| Jun 30, 2026 | 11.44 Bn |
| Mar 31, 2026 | 11.39 Bn |
| Dec 31, 2025 | 11.48 Bn |
| Sep 30, 2025 | 10.27 Bn |
| Jun 30, 2025 | 10.73 Bn |
| Mar 31, 2025 | 10.13 Bn |
| Dec 31, 2024 | 9.45 Bn |
| Sep 30, 2024 | 9.36 Bn |
| Jun 30, 2024 | 9.38 Bn |
| Mar 31, 2024 | 9.97 Bn |
| Dec 31, 2023 | 10.77 Bn |
| Sep 30, 2023 | 9.65 Bn |
| Jun 30, 2023 | 9.90 Bn |
| Mar 31, 2023 | 10.71 Bn |
| Dec 31, 2022 | 9.89 Bn |
| Sep 30, 2022 | 7.15 Bn |
| Jun 30, 2022 | 7.55 Bn |
| Mar 31, 2022 | 8.68 Bn |
| Dec 31, 2021 | 8.72 Bn |
API Access
Philip Morris International 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=inventory&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=inventory&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();