Discontinued — last reported Q2 '23

Raw materials

Current Assets

Philip Morris International Raw materials decreased by 17.7% to $2.22B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.7%, from $2.26B to $2.22B. Over 5 years (FY 2020 to FY 2025), Raw materials shows an upward trend with a 5.4% CAGR.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ2 2015
Last reportedQ2 2023
Parent metricInventories

How to read this metric

Higher levels suggest preparation for increased production or a buffer against supply chain disruption, while lower levels may indicate lean operations or supply shortages.

Detailed definition

This represents the value of basic materials and supplies held by the company that have not yet entered the production o...

Peer comparison

Standard across all manufacturing and energy sectors; peers report this as a core component of working capital.

Metric ID: inv_raw_materials

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$1.95B$1.93B$1.65B$2.30B$1.78B$1.71B$2.03B$2.28B$2.37B$2.20B$2.29B$2.16B$2.36B$2.37B$2.26B$2.63B$2.82B$2.70B$2.22B
QoQ Change-1.0%-14.4%+39.0%-22.6%-3.7%+18.5%+12.2%+4.0%-7.1%+4.3%-5.7%+9.1%+0.4%-4.5%+16.4%+7.0%-4.0%-17.7%
YoY Change-8.8%-11.3%+22.8%-0.9%+33.1%+28.4%+13.1%-5.0%-0.3%+7.7%-1.4%+21.7%+19.3%+14.1%-1.7%
% of Inventories22.4%23.6%18.9%26.5%23.5%23.9%20.5%21.2%23.9%22.8%21.3%21.7%25.1%25.3%23.9%26.0%26.2%26.3%19.4%
Share Change+1.2pp-4.7pp+7.5pp-2.9pp+0.4pp-3.4pp+0.7pp+2.7pp-1.1pp-1.5pp+0.4pp+3.5pp+0.2pp-1.4pp+2.1pp+0.3pp+0.1pp-6.9pp
Range$1.65B$2.82B
CAGR+3.0%
Avg YoY Growth+8.7%
Median YoY Growth+7.7%
Current Streak2 quarters decline

Frequently Asked Questions

What is Philip Morris International's raw materials?
Philip Morris International (PM) reported raw materials of $2.22B in Q4 2025.
How has Philip Morris International's raw materials changed year-over-year?
Philip Morris International's raw materials decreased by 1.7% year-over-year, from $2.26B to $2.22B.
What is the long-term trend for Philip Morris International's raw materials?
Over 5 years (2020 to 2025), Philip Morris International's raw materials has grown at a 5.4% compound annual growth rate (CAGR), from $1.71B to $2.22B.
What does raw materials mean?
The value of basic materials held in stock before they are processed into finished goods.

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