Discontinued — last reported Q4 '11

Construction in progress

Non-Current Assets

Philip Morris International Construction in progress increased by 36.1% to $1.47B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 36.1%, from $1.08B to $1.47B. Over 5 years (FY 2020 to FY 2025), Construction in progress shows an upward trend with a 26.8% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalContext dependent
VolatilityVolatile
First reportedQ4 2009
Last reportedQ4 2011
Parent metricPP&E (Net)

How to read this metric

An increase signals future growth and capacity expansion, while a decrease suggests the completion of projects and their transition to active production.

Detailed definition

This represents the accumulated costs for capital projects that are currently under development but have not yet been pl...

Peer comparison

Common in capital-intensive sectors where companies frequently build new manufacturing or R&D facilities.

Metric ID: ppe_construction_in_progress

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$599.00M$1.06B$1.20B$1.08B$1.47B
QoQ Change—+76.6%+13.4%-9.9%+36.1%
YoY Change—+76.6%+13.4%-9.9%+36.1%
% of PP&E (Net)9.7%15.8%16.0%14.8%17.5%
Share Change—+6.1pp+0.2pp-1.2pp+2.7pp
Range$599.00M – $1.47B
CAGR+145.6%
Avg YoY Growth+29.1%
Median YoY Growth+24.7%

Frequently Asked Questions

What is Philip Morris International's construction in progress?
Philip Morris International (PM) reported construction in progress of $1.47B in Q4 2025.
How has Philip Morris International's construction in progress changed year-over-year?
Philip Morris International's construction in progress increased by 36.1% year-over-year, from $1.08B to $1.47B.
What is the long-term trend for Philip Morris International's construction in progress?
Over 5 years (2020 to 2025), Philip Morris International's construction in progress has grown at a 26.8% compound annual growth rate (CAGR), from $449.00M to $1.47B.
What does construction in progress mean?
Costs for capital projects currently being built that are not yet operational.

Cookie Preferences

We use cookies for analytics. See our Privacy and Cookie Policy.