Philip Morris International PM
NYSE PM
$188.23 -3.29 (-1.72%)
At close: Aug 21, 2026 · 4:00 PM EDT

Philip Morris International (PM) Invested Capital (2009 - 2026)

Philip Morris International (PM) posted Invested Capital of $3.4 billion for Q2 2026, down 40.17% sequentially from $5.7 billion in Q1 2026, and down 47.53% YoY from $6.5 billion in Q2 2025.

Philip Morris International (PM) Invested Capital (2009 - 2026) Analysis & Trends

Philip Morris International has reported Invested Capital for 18 years, with the latest figure at $3.4 billion in Q2 2026.

  • Quarterly Invested Capital fell 47.53% year-over-year to $3.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $19.0 billion (down 9.99% YoY) and the FY2025 annual result came in at $3.5 billion, up 4.16% from the prior year.
  • Invested Capital declined to $3.4 billion in Q2 2026 per PM's latest filing, from $5.7 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $6.5 billion in Q2 2025 and troughed at $2.7 billion in Q3 2023.
  • A 5-year average of $4.5 billion and a median of $4.5 billion in 2023 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2022 and 2026: Invested Capital jumped 158.02% in 2022, then plunged 47.53% in 2026.
  • Over 5 years, Invested Capital stood at $5.6 billion in 2022, then declined by 16.66% to $4.7 billion in 2023, then decreased by 27.8% to $3.4 billion in 2024, then increased by 4.16% to $3.5 billion in 2025, then dropped by 3.59% to $3.4 billion in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $3.4 billion, $5.7 billion, and $3.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Philip Morris International 293.93 Bn 287.93 Bn 7.66 Bn 3.41 Bn
2 British American Tobacco p.l.c 121.73 Bn 118.03 Bn - 44.95 Bn
3 Altria 110.12 Bn 107.75 Bn 3.82 Bn 1.68 Bn
4 RLX Technology 2.20 Bn 1.46 Bn 52.74 Mn 24.26 Mn
5 Turning Point Brands 1.67 Bn 1.40 Bn 93.70 Mn -
6 Universal 1.13 Bn 851.44 Mn 83.09 Mn 567.01 Mn
7 Ispire Technology 85.94 Mn 66.71 Mn 1.99 Mn 1.09 Mn
8 Rythm 49.34 Mn 7.43 Mn 18.54 Mn 8.62 Mn
9 Greenlane Holdings 11.38 Mn -13.12 Mn 32,000.00 -
10 VPR Brands 9.12 Mn 6.78 Mn 161,075.00 -

Historic Data

Download Data
DateValue
Jun 30, 2026 3.41 Bn
Mar 31, 2026 5.69 Bn
Dec 31, 2025 3.53 Bn
Sep 30, 2025 6.34 Bn
Jun 30, 2025 6.49 Bn
Mar 31, 2025 6.36 Bn
Dec 31, 2024 3.39 Bn
Sep 30, 2024 4.83 Bn
Jun 30, 2024 4.35 Bn
Mar 31, 2024 5.43 Bn
Dec 31, 2023 4.70 Bn
Sep 30, 2023 2.65 Bn
Jun 30, 2023 4.12 Bn
Mar 31, 2023 4.80 Bn
Dec 31, 2022 5.64 Bn
Sep 30, 2022 2.82 Bn
Jun 30, 2022 4.15 Bn
Mar 31, 2022 2.90 Bn
Dec 31, 2021 2.80 Bn
Sep 30, 2021 3.11 Bn