What is Philip Morris International's capex?

Philip Morris International (PM) reported capex of $353M in Q1 2026.

How has Philip Morris International's capex changed year-over-year?

Philip Morris International's capex decreased by 12.6% year-over-year, from $404M to $353M.

What is the long-term trend for Philip Morris International's capex?

Over 4 years (2021 to 2025), Philip Morris International's capex has grown at a 20.3% compound annual growth rate (CAGR), from $748M to $1.57B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Philip Morris International PM CapEx

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Other financials

Income statement

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Revenue$10.1B+9.1%

Gross profit$6.9B+10.1%

Operating income$3.9B+9.8%

Net income$2.4B-9.4%

EPS (diluted)$1.56-9.3%

Balance sheet

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Cash & equivalents$5.5B+22.2%

Total debt$52.0B+4.8%

Total equity-$9.3B+14.9%

Total assets$68.9B+5.9%

Cash flow

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Operating cash flow-$399.0M-14.0%

Free cash flow-$752.0M+0.3%

Valuation

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Market cap$291.56B+4.7%

Enterprise value$338.13B+3.8%

P/E26.3×-5.3×

P/S7×-0.1×

Profitability

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Gross margin67.3%+1.6pp

Operating margin36.7%+0.5pp

Net margin26.7%+5.4pp

FCF margin25.7%-0.9pp

Returns & leverage

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Return on equity-110%—

Debt / equity-5.6×—

Current ratio1×+0.2×

Where this comes from

Reported directly by Philip Morris International in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Philip Morris International’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Philip Morris International's capex?: Philip Morris International (PM) reported capex of $353M in Q1 2026.
How has Philip Morris International's capex changed year-over-year?: Philip Morris International's capex decreased by 12.6% year-over-year, from $404M to $353M.
What is the long-term trend for Philip Morris International's capex?: Over 4 years (2021 to 2025), Philip Morris International's capex has grown at a 20.3% compound annual growth rate (CAGR), from $748M to $1.57B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.