What is the current annual free cash flow of PM?

As of today, PM annual free cash flow is $10.66B

What is 1-year change in PM annual free cash flow?

PM annual free cash flow is down -1.01% year-over-year

What is 3-year change in PM annual free cash flow?

PM annual free cash flow is up +9.64% over the past 3 years

How far is PM annual free cash flow from its all-time high?

PM annual free cash flow is currently -4.95% below its historical high of $11.22B set on December 31, 2021

How does PM annual free cash flow rank versus sector peers?

PM annual free cash flow is higher than 98.85% of companies in Consumer Defensive sector

When is PM next annual earnings release?

As of today, the next annual earnings release for PM has not been scheduled

What is the current quarterly free cash flow of PM?

As of today, PM quarterly free cash flow is $5.11B

What is PM quarterly free cash flow most recent change?

PM quarterly free cash flow was up +779.79% on June 30, 2026

What is 1-year change in PM quarterly free cash flow?

PM quarterly free cash flow is up +67.28% year-over-year

How far is PM quarterly free cash flow from its all-time high?

PM quarterly free cash flow is currently at its all-time high

How does PM quarterly free cash flow rank versus sector peers?

PM quarterly free cash flow is higher than 100.00% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on October 21, 2026

What is the current TTM free cash flow of PM?

As of today, PM TTM free cash flow is $12.72B

What is PM TTM free cash flow most recent change?

PM TTM free cash flow was up +19.28% on June 30, 2026

What is 1-year change in PM TTM free cash flow?

PM TTM free cash flow is up +41.53% year-over-year

How far is PM TTM free cash flow from its all-time high?

PM TTM free cash flow is currently at its all-time high

How does PM TTM free cash flow rank versus sector peers?

PM TTM free cash flow is higher than 98.60% of companies in Consumer Defensive sector

When is PM next earnings release?

The next earnings release for PM is on October 21, 2026

PM Free Cash Flow History & Chart Since 2003

Annual FCF

$10.66B$109.00M-1.01%

December 31, 2025

Summary

Current Value: As of today, PM annual free cash flow is $10.66B, down -1.01% on December 31, 2025
Historical Performance: PM annual free cash flow is up +9.64% over the past 3 years, up +15.79% over the past 5 years
All-Time High Comparison: PM annual free cash flow is currently -4.95% below its historical high of $11.22B set on December 31, 2021
3-Year Low Comparison: PM annual free cash flow is +35.28% above its 3-year low of $7.88B reached on December 31, 2023
Sector Comparison: PM annual free cash flow is higher than 98.85% of companies in Consumer Defensive sector

Free Cash Flow Chart

beforeafter

Performance

PM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Free Cash Flow	Dec 31, 25	$10.66B	-1.0%	+9.6%	+15.8%	+22.2%
Quarterly Free Cash Flow	Jun 30, 26	$5.11B	+67.3%	+65.9%	+46.0%	+29.9%
TTM Free Cash Flow	Jun 30, 26	$12.72B	+41.5%	+71.7%	+24.2%	+30.2%
Price	Aug 5, 26	$188.93	+15.1%	+96.4%	+89.7%	+172.5%
Annual Cash From Operations	Dec 31, 25	$12.23B	+0.1%	+13.2%	+24.7%	+29.6%
Annual CAPEX	Dec 31, 25	$1.57B	+8.7%	+45.7%	+160.6%	+120.1%
Annual Dividends Paid	Dec 31, 25	$8.62B	+5.2%	+10.4%	+17.1%	+95.0%
Annual Net Income	Dec 31, 25	$11.82B	+58.0%	+24.3%	+37.8%	+58.3%
Annual Revenue	Dec 31, 25	$40.54B	+7.6%	+28.6%	+41.3%	+49.1%

Free Cash Flow Highs

PM Annual Free Cash Flow Highs Comparison
Period	High	Date	Current
3Y	$10.77B	Dec 31, 24	-1.0%
5Y	$11.22B	Dec 31, 21	-5.0%
All	$11.22B	Dec 31, 21	-5.0%

Free Cash Flow Lows

PM Annual Free Cash Flow Lows Comparison
Period	Low	Date	Current
3Y	$7.88B	Dec 31, 23	+35.3%
5Y	$7.88B	Dec 31, 23	+35.3%
All	$4.04B	Dec 31, 03	+163.7%

Free Cash Flow History

Year	Value	Change
2025	$10.66B	-1.0%
2024	$10.77B	+36.7%
2023	$7.88B	-18.9%
2022	$9.73B	-13.3%
2021	$11.22B	+21.8%
2020	$9.21B	-0.3%
2019	$9.24B	+14.9%
2018	$8.04B	+9.2%
2017	$7.36B	+6.6%
2016	$6.91B	0.0%
2015	$6.91B	+4.8%
2014	$6.59B	-26.3%

Year	Value	Change
2013	$8.94B	+6.8%
2012	$8.37B	-13.2%
2011	$9.63B	+10.4%
2010	$8.72B	+21.7%
2009	$7.17B	+4.9%
2008	$6.84B	+51.3%
2007	$4.52B	-15.6%
2006	$5.35B	+21.0%
2005	$4.42B	+7.5%
2004	$4.12B	+1.8%
2003	$4.04B	-

FAQ

What is the current annual free cash flow of PM?: As of today, PM annual free cash flow is $10.66B
What is 1-year change in PM annual free cash flow?: PM annual free cash flow is down -1.01% year-over-year
What is 3-year change in PM annual free cash flow?: PM annual free cash flow is up +9.64% over the past 3 years
How far is PM annual free cash flow from its all-time high?: PM annual free cash flow is currently -4.95% below its historical high of $11.22B set on December 31, 2021
How does PM annual free cash flow rank versus sector peers?: PM annual free cash flow is higher than 98.85% of companies in Consumer Defensive sector
When is PM next annual earnings release?: As of today, the next annual earnings release for PM has not been scheduled

Free Cash Flow Formula

FCF = CFO − CAPEX

Quarterly FCF

$5.11B$5.86B+779.79%

June 30, 2026

Summary

Current Value: As of today, PM quarterly free cash flow is $5.11B, up +779.79% on June 30, 2026
Historical Performance: PM quarterly free cash flow is up +67.28% year-over-year, up +65.87% over the past 3 years
All-Time High Comparison: PM quarterly free cash flow is currently at its all-time high
3-Year Low Comparison: PM quarterly free cash flow is +777.98% above its 3-year low of -$754.00M reached on March 31, 2025
Sector Comparison: PM quarterly free cash flow is higher than 100.00% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Free Cash Flow	Jun 30, 26	$5.11B	+779.8%	+67.3%	+65.9%	+46.0%
Annual Free Cash Flow	Dec 31, 25	$10.66B	–	-1.0%	+9.6%	+15.8%
TTM Free Cash Flow	Jun 30, 26	$12.72B	+19.3%	+41.5%	+71.7%	+24.2%
Price	Aug 5, 26	$188.93	+11.5%	+15.1%	+96.4%	+89.7%
Quarterly Cash From Operations	Jun 30, 26	$5.49B	+1476.4%	+61.0%	+59.6%	+51.3%
Quarterly CAPEX	Jun 30, 26	$380.00M	+7.7%	+6.7%	+5.6%	+196.9%
Quarterly Dividends Paid	Jun 30, 26	$2.30B	-0.4%	+9.1%	+16.2%	+22.6%
Quarterly Net Income	Jun 30, 26	$2.98B	+15.7%	-5.2%	+77.6%	+29.9%
Quarterly Revenue	Jun 30, 26	$11.16B	+10.2%	+10.2%	+24.8%	+47.3%

Quarterly Free Cash Flow Highs

PM Quarterly Free Cash Flow Highs Comparison
Period	High	Date	Current
1Y	$5.11B	Jun 30, 26	at high
3Y	$5.11B	Jun 30, 26	at high
5Y	$5.11B	Jun 30, 26	at high
All	$5.11B	Jun 30, 26	at high

Quarterly Free Cash Flow Lows

PM Quarterly Free Cash Flow Lows Comparison
Period	Low	Date	Current
1Y	-$752.00M	Mar 31, 26	+779.8%
3Y	-$754.00M	Mar 31, 25	+778.0%
5Y	-$1.23B	Mar 31, 23	+514.3%
All	-$1.23B	Mar 31, 23	+514.3%

Quarterly Free Cash Flow History

Month	Value	Change
Jun 2026	$5.11B	+779.8%
Mar 2026	-$752.00M	-117.6%
Dec 2025	$4.27B	+4.1%
Sep 2025	$4.10B	+34.1%
Jun 2025	$3.06B	+505.3%
Mar 2025	-$754.00M	-120.2%
Dec 2024	$3.72B	+25.7%
Sep 2024	$2.96B	-30.5%
Jun 2024	$4.26B	+2,521.6%
Mar 2024	-$176.00M	-105.9%
Dec 2023	$2.99B	-1.7%
Sep 2023	$3.04B	-1.2%
Jun 2023	$3.08B	+349.8%
Mar 2023	-$1.23B	-144.9%
Dec 2022	$2.75B	-2.5%
Sep 2022	$2.82B	-14.0%
Jun 2022	$3.28B	+268.4%
Mar 2022	$889.00M	-76.2%
Dec 2021	$3.74B	+0.7%
Sep 2021	$3.72B	+6.2%
Jun 2021	$3.50B	+1,268.0%
Mar 2021	$256.00M	-91.5%
Dec 2020	$3.02B	-12.7%
Sep 2020	$3.46B	+93.9%
Jun 2020	$1.79B	+89.7%
Mar 2020	$941.00M	-70.3%
Dec 2019	$3.17B	+67.7%
Sep 2019	$1.89B	-42.1%
Jun 2019	$3.26B	+255.9%
Mar 2019	$917.00M	-56.1%
Dec 2018	$2.09B	+54.1%
Sep 2018	$1.36B	-62.2%
Jun 2018	$3.58B	+253.1%
Mar 2018	$1.02B	-57.1%
Dec 2017	$2.37B	+59.5%
Sep 2017	$1.49B	-49.8%
Jun 2017	$2.96B	+437.2%
Mar 2017	$551.00M	-67.8%
Dec 2016	$1.71B	-39.7%

Month	Value	Change
Sep 2016	$2.84B	+33.9%
Jun 2016	$2.12B	+798.3%
Mar 2016	$236.00M	-84.8%
Dec 2015	$1.55B	-37.3%
Sep 2015	$2.47B	-28.7%
Jun 2015	$3.47B	+699.5%
Mar 2015	-$578.00M	-157.5%
Dec 2014	$1.01B	-62.3%
Sep 2014	$2.67B	+8.8%
Jun 2014	$2.45B	+434.4%
Mar 2014	$459.00M	-76.4%
Dec 2013	$1.94B	-35.6%
Sep 2013	$3.01B	+5.5%
Jun 2013	$2.86B	+154.4%
Mar 2013	$1.12B	-14.5%
Dec 2012	$1.31B	-38.9%
Sep 2012	$2.15B	-33.5%
Jun 2012	$3.23B	+93.4%
Mar 2012	$1.67B	+164.4%
Dec 2011	$632.00M	-77.7%
Sep 2011	$2.83B	-28.1%
Jun 2011	$3.93B	+75.9%
Mar 2011	$2.24B	+65.5%
Dec 2010	$1.35B	-40.0%
Sep 2010	$2.25B	-31.6%
Jun 2010	$3.30B	+80.7%
Mar 2010	$1.82B	+47.9%
Dec 2009	$1.23B	-26.9%
Sep 2009	$1.69B	-43.2%
Jun 2009	$2.97B	+131.5%
Mar 2009	$1.28B	+169.9%
Dec 2008	$475.00M	-72.9%
Sep 2008	$1.75B	-45.9%
Jun 2008	$3.24B	+137.6%
Mar 2008	$1.37B	+1,669.0%
Dec 2007	-$87.00M	-110.3%
Sep 2007	$844.00M	-71.7%
Jun 2007	$2.98B	+281.4%
Mar 2007	$781.00M	-

FAQ

What is the current quarterly free cash flow of PM?: As of today, PM quarterly free cash flow is $5.11B
What is PM quarterly free cash flow most recent change?: PM quarterly free cash flow was up +779.79% on June 30, 2026
What is 1-year change in PM quarterly free cash flow?: PM quarterly free cash flow is up +67.28% year-over-year
How far is PM quarterly free cash flow from its all-time high?: PM quarterly free cash flow is currently at its all-time high
How does PM quarterly free cash flow rank versus sector peers?: PM quarterly free cash flow is higher than 100.00% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on October 21, 2026

Free Cash Flow Formula

FCF = CFO − CAPEX

TTM FCF

$12.72B$2.06B+19.28%

June 30, 2026

Summary

Current Value: As of today, PM TTM free cash flow is $12.72B, up +19.28% on June 30, 2026
Historical Performance: PM TTM free cash flow is up +41.53% year-over-year, up +71.69% over the past 3 years
All-Time High Comparison: PM TTM free cash flow is currently at its all-time high
3-Year Low Comparison: PM TTM free cash flow is +71.69% above its 3-year low of $7.41B reached on an earlier date
Sector Comparison: PM TTM free cash flow is higher than 98.60% of companies in Consumer Defensive sector

Performance

PM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
TTM Free Cash Flow	Jun 30, 26	$12.72B	+19.3%	+41.5%	+71.7%	+24.2%
Annual Free Cash Flow	Dec 31, 25	$10.66B	–	-1.0%	+9.6%	+15.8%
Quarterly Free Cash Flow	Jun 30, 26	$5.11B	+779.8%	+67.3%	+65.9%	+46.0%
Price	Aug 5, 26	$188.93	+11.5%	+15.1%	+96.4%	+89.7%
TTM Cash From Operations	Jun 30, 26	$14.26B	+17.1%	+37.1%	+64.9%	+31.6%
TTM CAPEX	Jun 30, 26	$1.54B	+1.6%	+8.8%	+24.6%	+157.4%
TTM Dividends Paid	Jun 30, 26	$9.01B	+2.2%	+7.8%	+14.3%	+20.8%
TTM Net Income	Jun 30, 26	$11.40B	-1.4%	+31.2%	+34.5%	+20.9%
TTM Revenue	Jun 30, 26	$42.45B	+2.5%	+9.1%	+28.7%	+41.2%

TTM Free Cash Flow Highs

PM TTM Free Cash Flow Highs Comparison
Period	High	Date	Current
1Y	$12.72B	Jun 30, 26	at high
3Y	$12.72B	Jun 30, 26	at high
5Y	$12.72B	Jun 30, 26	at high
All	$12.72B	Jun 30, 26	at high

TTM Free Cash Flow Lows

PM TTM Free Cash Flow Lows Comparison
Period	Low	Date	Current
1Y	$8.99B	N/A	+41.5%
3Y	$7.41B	N/A	+71.7%
5Y	$7.41B	Jun 30, 23	+71.7%
All	$781.00M	Mar 31, 07	+1528.9%

TTM Free Cash Flow History

Month	Value	Change
Jun 2026	$12.72B	+19.3%
Mar 2026	$10.67B	+0.0%
Dec 2025	$10.66B	+5.3%
Sep 2025	$10.12B	+12.6%
Jun 2025	$8.99B	-11.8%
Mar 2025	$10.20B	-5.4%
Dec 2024	$10.77B	+7.3%
Sep 2024	$10.04B	-0.8%
Jun 2024	$10.12B	+13.2%
Mar 2024	$8.94B	+13.4%
Dec 2023	$7.88B	+3.2%
Sep 2023	$7.64B	+3.1%
Jun 2023	$7.41B	-2.5%
Mar 2023	$7.60B	-21.8%
Dec 2022	$9.73B	-9.3%
Sep 2022	$10.72B	-7.8%
Jun 2022	$11.63B	-1.9%
Mar 2022	$11.85B	+5.6%
Dec 2021	$11.22B	+6.9%
Sep 2021	$10.50B	+2.5%
Jun 2021	$10.24B	+20.1%
Mar 2021	$8.53B	-7.4%
Dec 2020	$9.21B	-1.6%
Sep 2020	$9.36B	+20.2%
Jun 2020	$7.78B	-16.0%
Mar 2020	$9.26B	+0.3%
Dec 2019	$9.24B	+13.2%
Sep 2019	$8.16B	+7.0%
Jun 2019	$7.62B	-4.0%
Mar 2019	$7.94B	-1.2%
Dec 2018	$8.04B	-3.4%
Sep 2018	$8.32B	-1.5%
Jun 2018	$8.45B	+8.0%
Mar 2018	$7.83B	+6.3%
Dec 2017	$7.36B	+9.8%
Sep 2017	$6.71B	-16.8%
Jun 2017	$8.06B	+11.6%
Mar 2017	$7.22B	+4.6%
Dec 2016	$6.91B	+2.4%

Month	Value	Change
Sep 2016	$6.74B	+5.8%
Jun 2016	$6.37B	-17.4%
Mar 2016	$7.72B	+11.8%
Dec 2015	$6.91B	+8.5%
Sep 2015	$6.36B	-3.0%
Jun 2015	$6.56B	+18.2%
Mar 2015	$5.55B	-15.7%
Dec 2014	$6.59B	-12.4%
Sep 2014	$7.52B	-4.4%
Jun 2014	$7.87B	-4.9%
Mar 2014	$8.27B	-7.4%
Dec 2013	$8.94B	+7.6%
Sep 2013	$8.31B	+11.6%
Jun 2013	$7.44B	-4.8%
Mar 2013	$7.82B	-6.6%
Dec 2012	$8.37B	+8.9%
Sep 2012	$7.68B	-8.1%
Jun 2012	$8.36B	-7.8%
Mar 2012	$9.07B	-5.9%
Dec 2011	$9.63B	-6.9%
Sep 2011	$10.35B	+5.9%
Jun 2011	$9.77B	+7.0%
Mar 2011	$9.14B	+4.7%
Dec 2010	$8.72B	+1.4%
Sep 2010	$8.61B	+7.1%
Jun 2010	$8.04B	+4.3%
Mar 2010	$7.71B	+7.6%
Dec 2009	$7.17B	+11.8%
Sep 2009	$6.41B	-1.0%
Jun 2009	$6.48B	-4.1%
Mar 2009	$6.75B	-1.2%
Dec 2008	$6.84B	+9.0%
Sep 2008	$6.27B	+16.9%
Jun 2008	$5.37B	+5.2%
Mar 2008	$5.10B	+12.9%
Dec 2007	$4.52B	-1.9%
Sep 2007	$4.60B	+22.4%
Jun 2007	$3.76B	+381.4%
Mar 2007	$781.00M	-

FAQ

What is the current TTM free cash flow of PM?: As of today, PM TTM free cash flow is $12.72B
What is PM TTM free cash flow most recent change?: PM TTM free cash flow was up +19.28% on June 30, 2026
What is 1-year change in PM TTM free cash flow?: PM TTM free cash flow is up +41.53% year-over-year
How far is PM TTM free cash flow from its all-time high?: PM TTM free cash flow is currently at its all-time high
How does PM TTM free cash flow rank versus sector peers?: PM TTM free cash flow is higher than 98.60% of companies in Consumer Defensive sector
When is PM next earnings release?: The next earnings release for PM is on October 21, 2026

Free Cash Flow Formula

FCF = CFO − CAPEX

Data Sources & References

PM Official Website www.pmi.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1413329/000162828026005939/0001628280-26-005939-index.htm
PM Profile on Yahoo Finance finance.yahoo.com/quote/PM
PM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/pm