Philip Morris International (PM) Other Working Capital Changes (2009 - 2026)
Philip Morris International's (PM) quarterly Other Working Capital Changes came in at -$482.0 million in Q1 2026, down 110.48% year-on-year from $4.6 billion in Q1 2025, and down 62.84% quarter-over-quarter from -$296.0 million in Q4 2025.
Philip Morris International (PM) Other Working Capital Changes (2009 - 2026) Analysis & Trends
Philip Morris International has disclosed Other Working Capital Changes across 18 years of filings, most recently posting -$482.0 million for Q1 2026.
- Other Working Capital Changes for Q1 2026 came in at -$482.0 million, down 110.48% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.1 billion (down 421.43% YoY), and the FY2025 annual result was -$842.0 million, down 547.87% from the prior year.
- Other Working Capital Changes came in at -$482.0 million for Q1 2026 at Philip Morris International, down from -$296.0 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $381.0 million in Q3 2024 to a low of -$482.0 million in Q1 2026.
- The 5-year median for Other Working Capital Changes is -$135.0 million (2022), against an average of -$109.6 million.
- Peak annual rise in Other Working Capital Changes reached 605.56% in 2024, while the deepest fall reached 1535.0% in 2024.
- Philip Morris International's Other Working Capital Changes stood at $128.0 million in 2022, then slumped by 115.62% to -$20.0 million in 2023, then sank by 1535.0% to -$327.0 million in 2024, then grew by 9.48% to -$296.0 million in 2025, then tumbled by 62.84% to -$482.0 million in 2026.
- The last three Other Working Capital Changes figures came in at -$482.0 million (Q1 2026), -$296.0 million (Q4 2025), and -$440.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -482.00 Mn |
| Mar 31, 2026 | -482.00 Mn |
| Dec 31, 2025 | -296.00 Mn |
| Dec 31, 2025 | -296.00 Mn |
| Sep 30, 2025 | -440.00 Mn |
| Sep 30, 2025 | -440.00 Mn |
| Jun 30, 2025 | 123.00 Mn |
| Jun 30, 2025 | 123.00 Mn |
| Mar 31, 2025 | -229.00 Mn |
| Mar 31, 2025 | -229.00 Mn |
| Dec 31, 2024 | -327.00 Mn |
| Dec 31, 2024 | -327.00 Mn |
| Sep 30, 2024 | 381.00 Mn |
| Sep 30, 2024 | 381.00 Mn |
| Jun 30, 2024 | -35.00 Mn |
| Jun 30, 2024 | -35.00 Mn |
| Mar 31, 2024 | 169.00 Mn |
| Mar 31, 2024 | 169.00 Mn |
| Dec 31, 2023 | -20.00 Mn |
| Dec 31, 2023 | -20.00 Mn |