British American Tobacco P.l.c. vs Philip Morris International
Philip Morris International is the larger business, with $40.65bn of revenue in fiscal 2025 against $33.78bn for British American Tobacco P.l.c. (1.2 times as much). Philip Morris International grew faster (7.3% against 2.2%). British American Tobacco P.l.c. kept more of each dollar of sales as profit: a net margin of 30.3% against 27.9%.
| Latest fiscal year | British American Tobacco P.l.c.BTI, 2025 | Philip Morris InternationalPM, 2025 |
|---|---|---|
| Revenue | $33.78bn | $40.65bn |
| Revenue growth | 2.2% | 7.3% |
| Net income | $10.24bn | $11.35bn |
| Operating margin | 39.0% | — |
| Net margin | 30.3% | 27.9% |
| Return on equity | 16.8% | — |
| Free cash flow | $7.64bn | $10.66bn |
| Cash | $5.15bn | $4.87bn |
| Total debt | $47.16bn | $49.01bn |
| Debt to equity | 76.2% | — |
| Dividend per share | — | $5.64 |
| Dividend yield | — | 2.8% |
| Share buybacks | $1.47bn | — |
| Employees | — | 84,900 |
| Market value | $134.12bn | $324.54bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | — | 67 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 7 sales |