Philip Morris International Inc.
New York Stock ExchangeRecent
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- 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.
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