5 Largest Tobacco Companies in the World by Market Cap

1. Philip Morris International Inc. (NYSE:PM)

Market Cap: $149.48 billion

With a presence in over 180 markets, Philip Morris International is the Largest Tobacco Company in the World (excluding China National Tobacco Corporation). The company is headquartered in New York, but is also based operationally in Switzerland and Hong Kong. PMI earned a massive revenue of over $31.7 billion in 2022, with a net profit of over $9 billion. 

Philip Morris International’s product portfolio primarily consists of cigarettes and smoke-free products, including heated tobacco, e-vapor, and oral smokeless products. As of September 30th 2023, 36.2% of the company’s total net revenues came from its smoke-free offerings.

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