Discontinued — last reported Q4 '25
Non-Current Assets
PP&E (Net)
Philip Morris International PP&E (Net) increased by 3.5% to $8.4B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.9%, from $7.31B to $8.4B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 5.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025Feb 6, 2026
How to read this metric
An increasing net value suggests net capital investment, while a declining value may indicate depreciation outpacing new investment.
Detailed definition
This is the book value of tangible long-lived assets, calculated as the gross cost minus accumulated depreciation. It re...
Peer comparison
Standard metric for assessing the net investment in physical capital across all industries.
Metric ID:
property_plant_equipment_netHistorical Data
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.98B | $6.06B | $6.17B | $6B | $5.97B | $5.61B | $6.71B | $6.79B | $6.99B | $6.88B | $7.52B | $7.2B | $7.26B | $7.55B | $7.31B | $7.53B | $8.04B | $8.12B | $8.4B |
| QoQ Change | — | +1.4% | +1.8% | -2.7% | -0.6% | -6.0% | +19.6% | +1.2% | +3.0% | -1.5% | +9.2% | -4.2% | +0.9% | +3.9% | -3.2% | +3.0% | +6.8% | +0.9% | +3.5% |
| YoY Change | — | — | — | — | -0.2% | -7.4% | +8.8% | +13.1% | +17.2% | +22.7% | +12.0% | +6.1% | +3.9% | +9.7% | -2.7% | +4.6% | +10.7% | +7.5% | +14.9% |
Range$5.61B – $8.4B
CAGR+7.9%
Avg YoY Growth+8.1%
Median YoY Growth+8.8%
Current Streak4 quarters growth
Geographic Breakdown — Europe
| Segment | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|
| Europe | $5.7B | $5.54B | $6.62B |
| SSEA, CIS & MEA | $2.2B | $2.16B | $2.21B |
| Americas | $1.31B | $1.56B | $2B |
| East Asia and Australia | $481M | $378M | $405M |
| Total | $7.52B | $7.31B | $8.4B |
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Philip Morris International's pp&e (net)?
- Philip Morris International (PM) reported pp&e (net) of $8.4B in Q4 2025.
- How has Philip Morris International's pp&e (net) changed year-over-year?
- Philip Morris International's pp&e (net) increased by 14.9% year-over-year, from $7.31B to $8.4B.
- What is the long-term trend for Philip Morris International's pp&e (net)?
- Over 5 years (2020 to 2025), Philip Morris International's pp&e (net) has grown at a 5.7% compound annual growth rate (CAGR), from $6.37B to $8.4B.
- What does pp&e (net) mean?
- The current book value of the company's physical assets after accounting for wear and tear.