Philip Morris

PM

Market cap $291B

MO and PM advance their smoke-free strategies as each leverages pricing, innovation and cost discipline in a shifting tobacco market.

Philip Morris International Inc. (PM) Presents at Consumer Analyst Group of New York Conference 2026 Transcript

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.'s (PMI) (NYSE: PM) Group CEO PMI, Jacek Olczak, and Group Chief Financial Officer, Emmanuel Babeau, will address investors today at the 2026 Consumer Analyst Group of New York (CAGNY) Conference at approximately 10:00 a.m. ET. The live webcast and presentation slides will be available here. The webcast replay will be available at the same link for six months after the event. The webcast may also be accessed on mobi.

British American Tobacco PLC is making steady progress in its shift away from cigarettes, with analysts at Jefferies saying the group's next-generation product strategy is "on track". In a note following last week's 2025 results, analysts described the FTSE 100 group as a "robust" operator in terms of combustible tobacco, which is transitioning successfully towards a smoke-free portfolio thanks in part to "category-leading momentum" in its US nicotine pouch brand Velo and trends in US vaping that are beginning to improve.

Philip Morris (PM) possesses solid growth attributes, which could help it handily outperform the market.

STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast of a presentation by Jacek Olczak, Group CEO PMI, and Emmanuel Babeau, Group Chief Financial Officer, at the Consumer Analyst Group of New York (CAGNY) Conference on Wednesday, February 18, 2026, at 10:00 a.m. ET. The live webcast and presentation slides will be available here. The webcast replay will be available at the same link for six months after the event. The w.

Philip Morris International's management projects solid growth despite seeing some headwinds. The introduction of Zyn Ultra and Iqos in the U.S. could be big growth drivers in the coming years.

India has ruled out relaxation of a ban on e-cigarettes that would have allowed heat-not-burn tobacco products, dealing a blow to a lengthy private lobbying campaign by Philip Morris International for New Delhi to permit such devices.

Here is how Philip Morris (PM) and Scholastic (SCHL) have performed compared to their sector so far this year.

Philip Morris remains a sell due to a stretched valuation despite outstanding operational execution and strong smoke-free product (SFP) revenue growth. PM has impressively increased SFP revenues from 24% in 2020 to 41.5% in 2025, with segment gross margins reaching ~43%. Forward guidance calls for 5–7% revenue growth and high single-digit EPS growth through 2026, but risks around sustaining this trajectory persist.