PM
NYSE · Consumer Defensive · Tobacco · US
Philip Morris International Inc. (NYSE:PM) is a leading tobacco company that was spun off from Altria Group in 2008 to operate outside the United States. Originally founded as part of the Philip Morris legacy dating back to 1847, PMI has been at the forefront of transforming the tobacco industry through its ambitious "smoke-free future" strategy. The company has evolved from a traditional cigarette manufacturer into a diversified nicotine and tobacco products company, with smoke-free products now representing over 40% of its total business. Headquartered in New York, PMI operates in over 180 markets worldwide and has been aggressively investing in reduced-risk products including heated tobacco devices, nicotine pouches, and e-vapor products.