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

Philip Morris International's (PM) quarterly Invested Capital came in at -$1.6 billion in Q1 2026, up 37.37% year-on-year from -$1.2 billion in Q1 2025, and up 79.55% quarter-over-quarter from -$7.9 billion in Q4 2025.

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

Philip Morris International has disclosed Invested Capital across 18 years of filings, most recently posting -$1.6 billion for Q1 2026.

  • Invested Capital for Q1 2026 came in at -$1.6 billion, up 37.37% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.6 billion (up 37.37% YoY), and the FY2025 annual result was -$7.9 billion, up 19.24% from the prior year.
  • Invested Capital came in at -$1.6 billion for Q1 2026 at Philip Morris International, up from -$7.9 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of -$674.0 million in Q4 2022 to a low of -$9.7 billion in Q4 2024.
  • The 5-year median for Invested Capital is -$5.3 billion (2022), against an average of -$5.2 billion.
  • Across the five-year window, Invested Capital surged 91.26% in 2022 and plunged 1009.5% in 2023, its largest moves.
  • Philip Morris International's Invested Capital stood at -$674.0 million in 2022, then slumped by 1009.5% to -$7.5 billion in 2023, then plunged by 30.16% to -$9.7 billion in 2024, then increased by 19.24% to -$7.9 billion in 2025, then jumped by 79.55% to -$1.6 billion in 2026.
  • The last three Invested Capital figures came in at -$1.6 billion (Q1 2026), -$7.9 billion (Q4 2025), and -$2.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn -1.61 Bn
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 21.44 Bn
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - 107.88 Bn
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 385.49 Mn
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 1.46 Bn
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 2.33 Bn
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -15.11 Mn
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 45.20 Mn
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 50.08 Mn
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 21.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.61 Bn
Dec 31, 2025 -7.86 Bn
Sep 30, 2025 -2.65 Bn
Jun 30, 2025 -7.47 Bn
Mar 31, 2025 -2.57 Bn
Dec 31, 2024 -9.73 Bn
Sep 30, 2024 -2.88 Bn
Jun 30, 2024 -7.80 Bn
Mar 31, 2024 -8.28 Bn
Dec 31, 2023 -7.48 Bn
Sep 30, 2023 -5.56 Bn
Jun 30, 2023 -5.59 Bn
Mar 31, 2023 -5.15 Bn
Dec 31, 2022 -674.00 Mn
Sep 30, 2022 -4.59 Bn
Jun 30, 2022 -3.11 Bn
Mar 31, 2022 -5.31 Bn
Dec 31, 2021 -7.71 Bn
Sep 30, 2021 -8.41 Bn
Jun 30, 2021 -7.59 Bn