Free cash flow
Philip Morris International Free cash flow decreased by 117.6% to -$752.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.3%, from -$754.00M to -$752.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows relatively stable performance with a -1.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.50B | $3.72B | $3.74B | $889.00M | $3.28B | $2.82B | $2.75B | -$1.23B | $3.08B | $3.04B | $2.99B | -$176.00M | $4.26B | $2.96B | $3.72B | -$754.00M | $3.06B | $4.10B | $4.27B | -$752.00M |
| QoQ Change | — | +6.2% | +0.7% | -76.2% | +268.4% | -14.0% | -2.5% | -144.9% | +349.8% | -1.2% | -1.7% | -105.9% | >999% | -30.5% | +25.7% | -120.2% | +505.3% | +34.1% | +4.1% | -117.6% |
| YoY Change | — | — | — | — | -6.5% | -24.3% | -26.6% | -238.8% | -5.9% | +8.1% | +8.9% | +85.7% | +38.3% | -2.7% | +24.5% | -328.4% | -28.3% | +38.3% | +14.5% | +0.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Philip Morris International's free cash flow?
- Philip Morris International (PM) reported free cash flow of -$752.00M in Q1 2026.
- How has Philip Morris International's free cash flow changed year-over-year?
- Philip Morris International's free cash flow increased by 0.3% year-over-year, from -$754.00M to -$752.00M.
- What is the long-term trend for Philip Morris International's free cash flow?
- Over 4 years (2021 to 2025), Philip Morris International's free cash flow has grown at a -1.3% compound annual growth rate (CAGR), from $11.22B to $10.66B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.