Philip Morris International (PM) Other Working Capital Changes (2009 - 2026)
Philip Morris International (PM) posted Other Working Capital Changes of -$811 million for Q3 2026, compared with -$507 million a year earlier.
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Analysis
Philip Morris International (PM) Other Working Capital Changes (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Other Working Capital Changes at Philip Morris International was $1.43 billion; for FY2025, it came in at $842 million, up 34.1% from FY2024.
- Annual Other Working Capital Changes shows a five-year compound annual growth rate of 17.9% (FY2020 to FY2025).
- In prior years, Philip Morris International's Other Working Capital Changes was $628 million in FY2024 (+31.1%), $479 million in FY2023 (-74.3%), $1.86 billion in FY2022 (+198.9%) and $623 million in FY2021 (+68.4%).
- Quarterly Other Working Capital Changes has run from a low of -$2.73 billion in Q1 2026 to a high of $3.32 billion in Q4 2025 over five years.
- On a year-over-year basis, Other Working Capital Changes increased in two of the last four quarters, with growth averaging 84.9%.
- The strongest year-over-year quarter for Other Working Capital Changes in the past five years was Q2 2026, with growth of 255.5%; the weakest was Q2 2025, with a decline of 68.1%.
- According to Business Quant data, Other Working Capital Changes for the three prior quarters was $1.65 billion (Q2 2026), -$2.73 billion (Q1 2026) and $3.32 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn |
| 10 | Tilray Brands | 363.35 Mn | -604.15 Mn | 77.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -811.00 Mn |
| Jun 30, 2026 | 1.65 Bn |
| Mar 31, 2026 | -2.73 Bn |
| Dec 31, 2025 | 3.32 Bn |
| Sep 30, 2025 | -507.00 Mn |
| Jun 30, 2025 | 465.00 Mn |
| Mar 31, 2025 | -2.44 Bn |
| Dec 31, 2024 | 1.27 Bn |
| Sep 30, 2024 | -302.00 Mn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | -1.80 Bn |
| Dec 31, 2023 | 1.40 Bn |
| Sep 30, 2023 | 681.00 Mn |
| Jun 30, 2023 | 1.10 Bn |
| Mar 31, 2023 | -2.71 Bn |
| Dec 31, 2022 | 1.49 Bn |
| Sep 30, 2022 | 1.25 Bn |
| Jun 30, 2022 | -34.00 Mn |
| Mar 31, 2022 | -835.00 Mn |
| Dec 31, 2021 | 1.64 Bn |
API Access
Philip Morris International Other Working Capital Changes 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=other-working-capital-changes&ticker=PM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=PM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();