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Philip Morris International Inc. is a company listed on the New York Stock Exchange (NYSE), operating in the consumer staples sector and classified within the tobacco industry.
Its origins trace back to the historic Philip Morris & Co., founded in the 19th century and gradually established as one of the world’s leading manufacturers of tobacco-derived products. Following a strategic corporate separation in 2008, Philip Morris International (PMI) began operating independently, focusing exclusively on markets outside the United States.
The separation and creation of Philip Morris International were driven by the objective of optimizing the company’s performance in international markets, allowing greater regulatory and strategic flexibility compared with the more restrictive U.S. tobacco market.
The company’s product portfolio includes traditional cigarette brands such as Marlboro, L&M, Chesterfield and Parliament, as well as heated-tobacco alternatives, including the IQOS platform, developed as part of a reduced-risk product strategy.
PMI has been expanding investments in smoke-free technologies to capture consumers seeking alternatives to conventional cigarettes. With global operations, PMI maintains a presence in more than 180 markets, including Europe, Asia, Latin America, Africa and the Middle East.
The company does not operate directly in the United States, as the domestic market remained under the responsibility of Altria Group after the split. In Brazil, Philip Morris International operates through its local subsidiary headquartered in Curitiba and is one of the leading companies in the national tobacco sector.
Competing globally with other multinational players such as British American Tobacco and Japan Tobacco, PMI’s operational structure includes manufacturing facilities on multiple continents, research and development centers in countries such as Switzerland and Singapore and an administrative headquarters located in Stamford, Connecticut.
History and Foundation
Philip Morris International Inc. was formally established in 2008 through the separation of the international operations of Philip Morris USA, controlled by Altria Group. In the initial years following the split, PMI focused on expanding its presence in emerging markets and consolidating its leadership in the traditional tobacco segment.
The company’s oferta pública inicial (IPO) took place in 2008 on the NYSE, with trading under the ticker PM. During the 2010s, PMI launched its reduced-risk product platform, including IQOS, as part of its long-term strategy to transition toward less harmful alternatives.
Between 2020 and 2024, Philip Morris International intensified acquisitions and partnerships in the health and wellness segment and strengthened its decarbonization targets and expansion of smoke-free products, aligned with evolving regulatory and market demands.
Additional Information
The Company Philip Morris International Inc. (United States), is listed on NYSE with a market cap of $ 241.71 Billions, having an equity of $ -8.98 Billions.
With a total of 71.000 employees, the company is listed in the sector of Consumer/Non-Cyclical and categorized in industry of Smoke.
In the last 12 months the Company had a revenue of $ 39.99 Billions, which generated a profit in the amount of $ 8.63 Billions.
As for its main indicators, the Company has a P/E ratio of 28.01, a P/BV ratio of -26.90 and in the last 12 months the dividend yield of PM was at 3.56%.
The Company is traded internationally through the ticker PM.
