Top 10 Tobacco Companies in the World by Market Capitalization

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.