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Philip Morris International vs Altria Group: PM and MO compared
Philip Morris International is the larger company: $11.4B of revenue in its latest quarter (Q3 2026) against $6.1B for Altria Group (Q3 2026). Philip Morris International is growing faster (+6% against +1% a year earlier). Altria Group is more profitable, with an operating margin of 54.0% against 42.5%.
Where the money goes: PM and MO
Philip Morris International (PM) · Q3 2026
Philip Morris International, Q3 2026: revenue $11.4B (+6% year over year), operating margin 42.5%, net earnings $3.3B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Altria Group (MO) · Q3 2026
Altria Group, Q3 2026: revenue $6.1B (+1% year over year), operating margin 54.0%, net earnings $2.5B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.
| Philip Morris International (PM) | Altria Group (MO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.4B | $6.1B |
| Revenue growth, Y/Y | +6% | +1% |
| Gross margin | 68.7% | 64.3% |
| Operating margin | 42.5% | 54.0% |
| Net earnings | $3.3B | $2.5B |
| Net margin | 29.0% | 41.0% |
| Operating cash flow | $5.4B | $3.1B |
| Free cash flow | $5.0B | $3.0B |
| Market value | $314.3B | $129.5B |
| P/E | 29.5× | 16.0× |
| Analysts’ mean target | $213.27 | $73.45 |
Where the revenue comes from
Philip Morris International
- International Combustibles: $6.7B (59%)
- International Smoke-Free: $3.9B (34%)
- U.S.: $845M (7%)
Altria Group
- Smokeable Products Segment: $5.4B (89%)
- Oral Tobacco Segment: $688M (11%)
- All Other: $12.0M (0%)
Questions
Which is bigger, Philip Morris International or Altria Group?
Philip Morris International is the larger company: $11.4B of revenue in its latest quarter (Q3 2026) against $6.1B for Altria Group (Q3 2026).
Is Philip Morris International or Altria Group growing faster?
Philip Morris International is growing faster (+6% against +1% a year earlier).
Which is more profitable, Philip Morris International or Altria Group?
Altria Group is more profitable, with an operating margin of 54.0% against 42.5%.
More: Philip Morris International earnings · how Philip Morris International makes money · Altria Group earnings · how Altria Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.