PMI - Delivering a Smoke-Free Future


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PM (Common Stock)


0.38 (+0.52%)

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Oct 22, 2020 10:20 AM ET Minimum 20 minute delay
Stock information

We built the world's most successful cigarette company. Now we're building our future on smoke-free products that are a much better choice than smoking.

Nicholas Rolli VP Investor Relations


Solid Capital Structure and Attractive Shareholder Returns


Weighted-average all-in financing cost of our total debt in 2018


Weighted-average time-to-maturity of total long-term debt in 2018


Dividend compound annual growth rate since the company became public in 2008

Philip Morris International is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its products meet adult consumer preferences and rigorous regulatory requirements.

Global Market Profile

We are engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in more than 180 markets outside the United States of America.

Who We Are

An Unparalleled Portfolio of Brands

Our brand portfolio is led by Marlboro, the world’s best-selling international cigarette. Our leading reduced-risk product, IQOS, is typically marketed with heated tobacco units under the brand names HEETS or Marlboro HeatSticks. Based on the strength of our brand portfolio, we enjoy robust pricing power.

Our Leading Cigarette Brands

Our cigarette brands are among the best known in the world.

Our Smoke-Free Products Portfolio
Smoke-Free Products thumbnail

These products are designed to create a nicotine-containing tobacco vapor, without burning and smoke.

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World-Class Operations

With 46 manufacturing facilities around the world, we have a well-balanced factory footprint. In addition, we have agreements with 25 third-party manufacturers across 23 markets and 38 third-party cigarette hand-rolling operators in Indonesia, the largest tobacco market outside of China.

Making Cigarettes

Learn about how we make cigarettes, from selecting the right blend of tobacco to final packaging.

Making Heated Tobacco Products

Learn more about how we make our heated tobacco products.

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Leading-Edge Research & Development

One of our key strategic priorities is to develop, assess, and commercialize a portfolio of innovative tobacco and other nicotine-containing products. We draw on the expertise of a team of world-class scientists from a broad spectrum of disciplines to help us reach our ultimate goal of replacing cigarettes with less harmful alternatives.

A Common-Sense Approach for Public Health

Shouldn’t smokers be able to choose less-harmful alternatives to cigarettes?

Our Findings to Date

What are our scientific studies saying about our breakthrough products?


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*Reduced Risk Products (“RRPs”) is the term we use to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continuing smoking.  PMI has a range of RRPs in various stages of development, scientific assessment and commercialization. Our RRPs are smoke-free products that produce an aerosol that contains far lower quantities of harmful and potentially harmful constituents than found in cigarette smoke.


Our Investor Relations mobile application provides simple, comprehensive and up-to-date access to PMI’s disclosed investor relations materials as well as to live and archived audio webcast playback of earnings calls and investor presentations.