Operating
Change in Inventories
Philip Morris International Change in Inventories decreased by 99.0% to $11.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 96.6%, from $325.00M to $11.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 24, 2026
How to read this metric
A decrease is often positive as it signals efficient inventory turnover and cash release, provided it does not lead to stockouts.
Detailed definition
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Peer comparison
Highly dependent on industry; manufacturing and device companies typically maintain higher inventory levels than software firms.
Metric ID:
change_in_inventoriesHistorical Data
16 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$462.00M | -$468.00M | $232.00M | -$1.10B | $74.00M | $2.08B | $783.00M | $107.00M | $681.00M | -$527.00M | -$520.00M | -$218.00M | $325.00M | $94.00M | $1.15B | $11.00M |
| QoQ Change | — | -1.3% | +149.6% | -573.7% | +106.7% | >999% | -62.4% | -86.3% | +536.4% | -177.4% | +1.3% | +58.1% | +249.1% | -71.1% | >999% | -99.0% |
| YoY Change | — | — | — | -137.9% | +115.8% | — | +237.5% | +44.6% | -67.3% | -167.3% | — | -303.7% | +161.7% | +118.1% | — | -96.6% |
Range-$1.10B – $2.08B
CAGR-63.1%
Avg YoY Growth-9.5%
Median YoY Growth-11.3%
Change in Inventories at Other Companies
Frequently Asked Questions
- What is Philip Morris International's change in inventories?
- Philip Morris International (PM) reported change in inventories of $11.00M in Q1 2026.
- How has Philip Morris International's change in inventories changed year-over-year?
- Philip Morris International's change in inventories decreased by 96.6% year-over-year, from $325.00M to $11.00M.
- What does change in inventories mean?
- The change in the value of products and materials held in stock.