BTI vs. MDLZ: British American Tobacco vs. Mondelez Stock Comparison

November 11, 2026

How do British American Tobacco (BTI) and Mondelez (MDLZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

British American Tobacco (BTI) and Mondelez (MDLZ) both fall under the Food, Beverage & Tobacco industry group, but BTI is classified in Tobacco while MDLZ is classified in Food Products.

Mondelez (MDLZ) trades as ordinary local shares, while British American Tobacco (BTI) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for British American Tobacco (BTI) and Mondelez (MDLZ)
Profile Item	BTI	MDLZ
Name	British American Tobacco plc ADR	Mondelēz International, Inc. Class A Common Stock
Country/Region	United Kingdom	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Tobacco	Food Products
GICS Sub-Industry	Tobacco	Packaged Foods & Meats
Market Capitalization	130.83 billion USD	83.57 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	April 14, 1980	June 13, 2001
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

BTI

MDLZ

GSPC

British American Tobacco (BTI) vs. Mondelez (MDLZ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for British American Tobacco (BTI) and Mondelez (MDLZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for British American Tobacco (BTI) and Mondelez (MDLZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Total Return (1Y)	16.59%	19.76%
Total Return (3Y, Annualized)	34.31%	1.61%
Total Return (5Y, Annualized)	20.24%	4.00%

Risk Profile

Drawdown History

BTI

MDLZ

GSPC

British American Tobacco (BTI) vs. Mondelez (MDLZ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for British American Tobacco (BTI) and Mondelez (MDLZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Volatility (1Y, Annualized)	26.28%	23.94%
Beta (5Y)	0.29	0.33
Max Drawdown (5Y)	-29.84%	-29.14%
Avg. Volume (3M)	5.01M	7.64M

Risk-Adjusted Performance

Risk-Return Positioning

BTI and MDLZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Sharpe Ratio (1Y)	0.47	0.65
Sortino Ratio (1Y)	0.71	1.02

Profitability

ROE (TTM)

Both British American Tobacco (BTI) at 13.42% and Mondelez (MDLZ) at 15.48% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BTI

Food, Beverage & Tobacco industry group

13.42%

Max: 32.02%
Q3: 16.61%
BTI: 13.42%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

MDLZ

Food, Beverage & Tobacco industry group

15.48%

Max: 32.02%
Q3: 16.61%
MDLZ: 15.48%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

British American Tobacco (BTI) at 24.99% converts revenue to bottom-line profit above its industry’s benchmark range, while Mondelez (MDLZ) at 10.22% keeps roughly the typical share for its industry.

BTI

Food, Beverage & Tobacco industry group

24.99%

BTI: 24.99%
Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

MDLZ

Food, Beverage & Tobacco industry group

10.22%

Max: 24.83%
Q3: 11.22%
MDLZ: 10.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both British American Tobacco (BTI) at 34.91% and Mondelez (MDLZ) at 20.36% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

BTI

Food, Beverage & Tobacco industry group

34.91%

BTI: 34.91%
Max: 34.91%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

MDLZ

Food, Beverage & Tobacco industry group

20.36%

Max: 34.91%
MDLZ: 20.36%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
ROE (TTM)	13.42%	15.48%
ROA (TTM)	5.12%	5.35%
Net Margin (TTM)	24.99%	10.22%
Operating Margin (TTM)	34.91%	20.36%
Gross Margin (TTM)	82.72%	34.26%

Growth

Revenue Growth

Both British American Tobacco (BTI) at -0.99% and Mondelez (MDLZ) at 5.75% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

British American Tobacco (BTI) at 156.69% clears its industry range for EPS growth, a much stronger earnings trajectory than Mondelez (MDLZ) at -44.74%, which is closer to a typical peer reading.

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Revenue Growth (YoY)	-0.99%	5.75%
Revenue Growth (3Y CAGR)	-2.53%	6.96%
EPS Growth (YoY)	156.69%	-44.74%
EPS Growth (3Y CAGR)	6.15%	-1.20%

Financial Strength

Current Ratio (MRQ)

Both British American Tobacco (BTI) at 0.84 and Mondelez (MDLZ) at 0.62 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

BTI

Food, Beverage & Tobacco industry group

0.84

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
BTI: 0.84
Min: 0.33

MDLZ

Food, Beverage & Tobacco industry group

0.62

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
MDLZ: 0.62
Min: 0.33

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Both British American Tobacco (BTI) at 0.72 and Mondelez (MDLZ) at 0.84 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

BTI

Food, Beverage & Tobacco industry group

0.72

Max: 2.19
Q3: 1.11
BTI: 0.72
Median: 0.68
Q1: 0.33
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

0.84

Max: 2.19
Q3: 1.11
MDLZ: 0.84
Median: 0.68
Q1: 0.33
Min: 0.00

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Current Ratio (MRQ)	0.84	0.62
Debt / Equity (MRQ)	0.72	0.84
Net Debt / EBITDA	2.90	2.75

Dividends

Dividend Yield (TTM)

British American Tobacco (BTI) at 3.88% delivers top-quartile income for its industry, while Mondelez (MDLZ) at 3.02% pays a more typical yield — both are credible income propositions, BTI the richer one.

BTI

Food, Beverage & Tobacco industry group

3.88%

Max: 9.38%
BTI: 3.88%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

MDLZ

Food, Beverage & Tobacco industry group

3.02%

Max: 9.38%
Q3: 3.77%
MDLZ: 3.02%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Mondelez (MDLZ) at 63.72% pays out a band-typical share of earnings, while British American Tobacco (BTI) at 83.97% distributes more than its industry norm — less retained, thinner cover.

BTI

Food, Beverage & Tobacco industry group

83.97%

Max: 199.19%
BTI: 83.97%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

MDLZ

Food, Beverage & Tobacco industry group

63.72%

Max: 199.19%
Q3: 81.03%
MDLZ: 63.72%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
Dividend Yield (TTM)	3.88%	3.02%
Dividend Payout Ratio (TTM)	83.97%	63.72%

Valuation

P/E Ratio (TTM)

Both British American Tobacco (BTI) at 15.61 and Mondelez (MDLZ) at 20.83 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BTI

Food, Beverage & Tobacco industry group

15.61

Max: 52.52
Q3: 30.78
Median: 18.76
BTI: 15.61
Q1: 12.77
Min: 4.72

MDLZ

Food, Beverage & Tobacco industry group

20.83

Max: 52.52
Q3: 30.78
MDLZ: 20.83
Median: 18.76
Q1: 12.77
Min: 4.72

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Mondelez (MDLZ) at 2.09 prices around its industry’s typical P/S ratio, while British American Tobacco (BTI) at 5.08 clears its benchmark range — BTI looks notably rich on sales.

BTI

Food, Beverage & Tobacco industry group

5.08

BTI: 5.08
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

2.09

Max: 4.64
Q3: 2.27
MDLZ: 2.09
Median: 1.17
Q1: 0.52
Min: 0.00

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Mondelez (MDLZ) at 3.15 sits in the upper P/B ratio quartile, and British American Tobacco (BTI) at 10.59 prices even higher, above its industry range.

BTI

Food, Beverage & Tobacco industry group

10.59

BTI: 10.59
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

MDLZ

Food, Beverage & Tobacco industry group

3.15

Max: 6.35
MDLZ: 3.15
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

British American Tobacco (BTI) vs. Mondelez (MDLZ): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for British American Tobacco (BTI) and Mondelez (MDLZ)
Metric	BTI	MDLZ
P/E Ratio (TTM)	15.61	20.83
P/S Ratio (TTM)	5.08	2.09
P/B Ratio (MRQ)	10.59	3.15
Free Cash Flow Yield (TTM)	2.69%	3.57%