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Top 10 Tobacco Companies in the World by Market Capitalization

Showing 10 out of 25 companies.

Philip Morris International Inc, Altria Group Inc, British American Tobacco Plc, ITC Ltd, and Japan Tobacco Inc are the top 5 tobacco companies in the world in 2023 by market capitalization (as of Mar 31, 2023). Comprehensively, the top 10 tobacco companies in the world had a total market cap of $453,271 million (as of Mar 31, 2023), with Philip Morris International Inc has the highest ($150,946 million), followed by Altria Group Inc ($79,672 million), and British American Tobacco Plc ($78,328 million), while Vector Group Ltd is the lowest ($1,876 million). The United States-based Philip Morris International Inc is the world’s leading tobacco company by market cap (as of Mar 31, 2023). The company reported revenues of $31,762 million for the fiscal year ended December 2022 (FY2022), an increase of 1.1% over FY2021. The company markets several premium, mid-price, and low-price brands including Marlboro, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, Merit, and Parliament. It employs 79,800 people. The United States-based Altria Group Inc is another leading tobacco company in the world by market cap (as of Mar 31, 2023). The company reported revenues of $25,096 million for the fiscal year ended December 2022 (FY2022), a decrease of 3.52% over FY2021. The company’s product portfolio includes cigarettes, moist smokeless tobacco, machine-made large cigars, and other tobacco products. It employs 6,300 people.

Philip Morris International Inc

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Headquarters

United States of America

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

146,050

Altria Group Inc

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Headquarters

United States of America

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

71,347

ITC Ltd

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Headquarters

India

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

69,299

British American Tobacco Plc

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Headquarters

United Kingdom

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

65,346

Japan Tobacco Inc

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Headquarters

Japan

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

51,680

Imperial Brands Plc

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Headquarters

United Kingdom

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

20,306

KT&G Corp

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Headquarters

South Korea

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Parent

Market Cap ($M, Dec 31, 2023)

9,020

PT Hanjaya Mandala Sampoerna Tbk
Headquarters

Indonesia

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Subsidiary (of Philip Morris International Inc)

Market Cap ($M, Dec 31, 2023)

6,762

PT Hanjaya Mandala Sampoerna Tbk
PT Gudang Garam Tbk

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Headquarters

Indonesia

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Subsidiary (of PT Suryaduta Investama)

Market Cap ($M, Dec 31, 2023)

2,540

Eastern Co SAE

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Headquarters

Egypt

Sector

Consumer Packaged Goods

Parent/Subsidiary/Independent

Subsidiary (of Chemical Industries Holding Co)

Market Cap ($M, Dec 31, 2023)

2,050

Showing 10 out of the top 25 companies.
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