Philip Morris International Inc. (PM), with a market cap of $177.5 billion, is a leading tobacco company based in Stamford, Connecticut. PM's product range features cigarettes and smoke-free alternatives like heat-not-burn products, vaporizers, and oral nicotine products, primarily under the IQOS and ZYN brands.
Shares of this tobacco titan have slightly surpassed the broader market over the last year. The stock has gained 18.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024, PM stock rose nearly 21.4%, while the SPX is up 9.9% on a YTD basis.
