Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its ...
Philip Morris International Inc. (PMI) is a global tobacco and nicotine company headquartered in Stamford, Connecticut, with operations in over 180 markets. The company was originally founded in 1847 in London, but PMI itself was established in 1987 as an operating company of Philip Morris Companies Inc. and became independent in 2008. PMI employs approximately 84,900 people worldwide. The company's core business is the manufacturing and sale of cigarettes and smoke-free products, including heat-not-burn devices (IQOS), vapor products, and oral nicotine pouches. PMI's portfolio includes well-known cigarette brands such as Marlboro, Parliament, Chesterfield, L&M, and Lark, as well as regional brands like Dji Sam Soe in Indonesia and Fortune in the Philippines. Its smoke-free products, such as HEETS, TEREA, and IQOS, are available in 71 markets. In terms of financials, PMI has a market cap of $295 billion, with a TTM revenue per share of $27.22 and net profit margin of 25.6%. The company generates strong cash flows, with operating cash flow per share of $9.13 and free cash flow per share of $8.14. PMI has a dividend yield of 3.1% and a payout ratio of 82.8%. The company's strategy is focused on becoming a majority smoke-free company by 2030, with a goal to derive over two-thirds of its revenue from smoke-free products. PMI's leadership includes CEO Jacek Olczak, who has been in the role since 2021, and Chairman André Calantzopoulos. The company is listed on the New York Stock Exchange under the ticker PM.
