Philip Morris International Inc
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Jacek Olczak
- Full Time Employees
- 84,900
- Sector
- Consumer non-durables
- Industry
- Tobacco
- Address
- 677 Washington Boulevard Stamford CT United States 06901
- IPO Date
- Mar 17, 2008
- CIK
- 0001413329
- Website
- pmi.com
- Similar Companies
- Business
- Philip Morris International Inc. (PMI) manufactures and markets cigarettes and smoke-free products worldwide, focusing on heated tobacco, e-vapor products, and oral nicotine pouches to advance a smoke-free future. Headquartered in Stamford, Connecticut, the company was spun off from Altria Group Inc. in 2008 and operates in approximately 170 markets with 51 production facilities and around 83,100 employees. Its leading cigarette brands include Marlboro, L&M, and others among the world's top 15, while smoke-free offerings feature IQOS heated tobacco systems with HEETS/TEREA sticks, ZYN nicotine pouches, VEEV e-vapor devices, and oral smokeless products like snus; as of the third quarter of 2025, smoke-free products account for 41% of total global net revenues, with over 41 million adult users across 100 markets. PMI invests heavily in research and development, employing 1,460 scientists and engineers, and has committed over USD 14 billion since 2008 to develop and substantiate these alternatives scientifically. In recent developments, PMI announces an organizational evolution effective January 1, 2026, introducing U.S. and International Business Units with new reportable segments—International Smoke-Free, International Combustibles, and U.S.—to enhance agility in its smoke-free transition; it expands its partnership with Scuderia Ferrari HP in December 2025 by adding ZYN branding to Formula 1 liveries starting at the Abu Dhabi Grand Prix; and through its Swedish Match affiliate, invests USD 232 million in a Kentucky facility expansion in 2024 to boost ZYN production, adding 450 jobs amid growing U.S. demand.
Company News
Philip Morris Q3: ZYN Is Growing Again, But It's Costing More
PM Q3 Earnings Call Highlights ZYN Spending and Margin Pressures
Philip Morris: 3 Key Takeaways for Long-Term Investors
Philip Morris CEO on demand for smoke-free tobacco, inflation pressure
Philip Morris International Q3 Earnings Call Highlights
PM Q3 Earnings Beat Estimates on Strong Pricing & Sales Growth
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Philip Morris Profit Falls, Despite Higher Sales
Philip Morris Says Global Wars Have Disrupted Its Business and Clouded Earnings Outlook
Is Philip Morris International Inc (PM) Overvalued After Q3 Earnings Beat? EPS at $2.12, Revenue Reaches $11.4 Billion, GF Score: 81/100
Philip Morris beats third-quarter estimates on smoke-free product demand
Philip Morris International Reports 2026 Third-Quarter & First Nine-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;
14,014 Philip Morris International Inc. $PM Shares Bought by Banque Pictet & Cie SA
Philip Morris Just Raised Its Dividend 8.8%. Can It Afford Another Increase?
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Philip Morris Q3 Earnings Preview: Competition Heating Up
Philip Morris International Announces EU Economic Footprint Study 2021-2025: Transformation Made in Europe
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Philip Morris International to Host Webcast of 2026 Third-Quarter and First Nine-Months Results