Global tobacco and smoke-free products company
Philip Morris International Inc.
The company sells cigarettes including Marlboro and smoke-free products such as IQOS and ZYN through distributors and retail channels. Its cost base includes tobacco leaf, electronic devices and contract manufacturing, while it exclusively commercializes KT&G products outside South Korea.
PM Updated Sep 11, 2026 3 AI consumers· 1 recurring
Per the valuechain.wiki graph, Philip Morris International Inc. is directly linked to 2 companies (2 supply, 0 revenue, 1 investment relationships) and reaches 3 companies within two hops; the links are backed by 7 dated sources, 4 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 net revenues: $40.648 billion
- Segments · Combustible tobacco · Smoke-free products
Revenue from
- JSC TK Megapolis High confidence· Amount $2.8B · FY2025 · Net revenues from Megapolis Group
Russian distributor Megapolis generated $2.805 billion of Philip Morris International's net revenue in 2025. Philip Morris International also holds a 23% equity interest in the distributor. - Godfrey Phillips India Ltd. High confidence
Godfrey Phillips India is the contract manufacturer and distributor for IPM India, a 56.3%-owned PMI subsidiary. Related-party revenue was disclosed only in aggregate for 2025, so the amount attributable to this distribution relationship is unavailable.
Pays to
- KT&G Corporation High confidence· Count 16,000,000,000 sticks · 2023-2025 · Minimum guaranteed volume for the first three years of the long-term supply agreement
Philip Morris International receives KT&G's lil devices and consumables for exclusive commercialization worldwide outside South Korea. The first three years of the 15-year agreement guaranteed a minimum volume of 16 billion sticks.Confirms KO Maeil Business TV Published Jan 30, 2023: KT&G Partners with a Rival, to Export at Least 16 Billion lil Sticks to Philip Morris over Three Years - Altria Group, Inc. High confidence· Contract value $2.7B · 2022-2024 IQOS rights transaction · Pre-tax consideration for assigning exclusive U.S. IQOS commercialization rights
Philip Morris International reacquired the exclusive U.S. IQOS commercialization rights from Altria for pre-tax consideration of $2.7 billion; Altria recognized the gain in FY2024.Confirms KO Daishin Securities Research Center Published Apr 11, 2023: E-Cigarette Industry: Signs of Change in the United States and China - Universal Corporation High confidence· Amount $480M · Universal FY2025 · Universal revenue from Philip Morris International and affiliates, representing PMI's purchases from the supplier
Universal is a major supplier of leaf tobacco and agricultural inputs to Philip Morris International. Universal reported approximately $480 million of FY2025 revenue from Philip Morris International and its affiliates.Confirms EN SEC EDGAR Published May 30, 2025: Universal Corporation 2025 Annual Report and Form 10-K
Investments
- Swedish Match AB High confidence· Contract value $16B · 2022 · Announced Swedish Match tender-offer value using the exchange rate on May 11, 2022
Philip Morris International acquired Swedish Match in 2022, adding ZYN and the oral nicotine business. The announced tender offer was valued at approximately $16 billion and the acquisition was subsequently completed.Confirms EN The Henry Fund, Henry B. Tippie College of Business, University of Iowa Published Nov 3, 2025: Philip Morris International (PM) Equity Research Report - Altria High confidence· Amount $2.8B · 2022-2024 · Total cash consideration including interest to reacquire U.S. IQOS commercialization rights
Philip Morris International ended its prior U.S. IQOS commercialization arrangement with Altria and reacquired the rights. It paid total cash consideration of $2.8 billion including interest for those rights.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Philip Morris International Inc. | node | +20.8 | +12.3 | -1.9 | +34.3 | +38 | +15.8 |
| Altria Group, Inc. | benef1 | +24.2 | +4.4 | -3.7 | +40.8 | +18.2 | +23.3 |
| KT&G | benef1 | +2.6 | +25.8 | +3.9 | +23.8 | +46.5 | +16.4 |
| BlackRock | benef2 | +29.4 | -20.4 | +17.9 | +29.3 | +6.6 | +6 |
YTD as of 2026-09-04 · source: Yahoo Finance
Philip Morris International Inc. operates across Global tobacco and smoke-free products company. It is +15.8% in 2026. Its demand and supply links are known, but listed-counterparty return data is limited. Its cost base includes tobacco leaf, electronic devices and contract manufacturing, while it exclusively commercializes KT&G products outside South Korea.
Analysis generated from returns as of 2026-09-04