Non-Current Assets
PP&E (Gross)
Philip Morris International PP&E (Gross) decreased by 0.8% to $19.45B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $17.43B to $19.45B. Over 5 years (FY 2020 to FY 2025), PP&E (Gross) shows an upward trend with a 5.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalHigher is better
VolatilityStable
First reportedQ4 2020
Last reportedQ1 2026Apr 24, 2026
Parent metricPP&E (Net)
How to read this metric
Growth in this metric indicates ongoing capital investment, whereas stagnation may suggest a lack of reinvestment in the asset base.
Detailed definition
This is the aggregate historical cost of all tangible long-lived assets before accounting for accumulated depreciation....
Peer comparison
Standard metric for capital intensity; used to compare the scale of physical operations across industry peers.
Metric ID:
ppe_total_grossHistorical Data
20 periods
| 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 | $14.62B | $14.91B | $14.73B | $14.56B | $14.56B | $13.85B | $15.44B | $15.78B | $16.2B | $15.89B | $17.08B | $16.55B | $16.74B | $17.51B | $16.69B | $17.43B | $19B | $19.19B | $19.62B | $19.45B |
| QoQ Change | — | +2.0% | -1.2% | -1.1% | -0.0% | -4.9% | +11.5% | +2.2% | +2.6% | -1.9% | +7.5% | -3.1% | +1.2% | +4.6% | -4.7% | +4.5% | +9.0% | +1.0% | +2.2% | -0.8% |
| YoY Change | — | — | — | — | -0.4% | -7.1% | +4.8% | +8.3% | +11.2% | +14.8% | +10.6% | +4.9% | +3.3% | +10.2% | -2.3% | +5.3% | +13.5% | +9.6% | +17.6% | +11.6% |
| % of PP&E (Net) | 244.6% | 245.9% | 238.8% | 242.6% | 244.1% | 246.8% | 230.1% | 232.4% | 231.7% | 230.9% | 227.2% | 229.8% | 230.4% | 232.0% | 228.2% | 231.4% | 236.2% | 236.4% | 233.6% | — |
| Share Change | — | +1.3pp | -7.1pp | +3.7pp | +1.5pp | +2.7pp | -16.6pp | +2.3pp | -0.8pp | -0.8pp | -3.7pp | +2.5pp | +0.6pp | +1.6pp | -3.8pp | +3.1pp | +4.8pp | +0.2pp | -2.8pp | — |
Range$13.85B – $19.62B
CAGR+6.2%
Avg YoY Growth+7.2%
Median YoY Growth+8.9%
PP&E (Gross) at Other Companies
Frequently Asked Questions
- What is Philip Morris International's pp&e (gross)?
- Philip Morris International (PM) reported pp&e (gross) of $19.45B in Q1 2026.
- How has Philip Morris International's pp&e (gross) changed year-over-year?
- Philip Morris International's pp&e (gross) increased by 11.6% year-over-year, from $17.43B to $19.45B.
- What is the long-term trend for Philip Morris International's pp&e (gross)?
- Over 5 years (2020 to 2025), Philip Morris International's pp&e (gross) has grown at a 5.6% compound annual growth rate (CAGR), from $14.91B to $19.62B.
- What does pp&e (gross) mean?
- The total original cost of all physical assets owned by the company before subtracting depreciation.