British American Tobacco (BTI) vs. Philip Morris International (PM)
This page compares British American Tobacco (BTI) with Philip Morris International (PM) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
British American Tobacco (BTI) and Philip Morris International (PM) are both classified in the Tobacco sub-industry within the broader Tobacco industry, placing them in the closest GICS peer bucket.
Philip Morris International (PM) trades as a standard ordinary-equity line, while British American Tobacco (BTI) is an ADR tied to a foreign-share or depositary-receipt structure — compare with FX exposure, program fees, and dividend-withholding-tax differences in mind.
| Symbol | BTI | PM |
|---|---|---|
| Company Name | British American Tobacco p.l.c. | Philip Morris International Inc. |
| Country/Region | United Kingdom | United States |
| GICS Sector | Consumer Staples | Consumer Staples |
| GICS Industry Group | Food, Beverage & Tobacco | Food, Beverage & Tobacco |
| GICS Industry | Tobacco | Tobacco |
| GICS Sub-Industry | Tobacco | Tobacco |
| Market Capitalization | 142.86 billion USD | 298.57 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | April 14, 1980 | March 17, 2008 |
| Security Type | ADR | Common Stock |
Historical Performance
Historical Performance at a Glance
| Symbol | BTI | PM |
|---|---|---|
| 5-Day Price Return | 6.30% | 1.95% |
| 13-Week Price Return | 11.85% | 4.31% |
| 26-Week Price Return | 18.30% | 22.17% |
| 52-Week Price Return | 49.82% | 10.63% |
| Month-to-Date Return | 13.95% | 16.05% |
| Year-to-Date Return | 16.90% | 19.43% |
| 10-Day Avg. Volume | 2.58M | 5.35M |
| 3-Month Avg. Volume | 2.71M | 5.20M |
| 3-Month Volatility | 29.00% | 34.61% |
| Beta | 0.48 | 0.42 |
Profitability
Return on Equity (TTM)
Philip Morris International (PM) posts Return on Equity (TTM) of 575.44%, above its industry benchmark range, while British American Tobacco (BTI) at 6.40% sits closer to the industry mid-range.
BTI
Food, Beverage & Tobacco industry group
6.40%
- Max
- 43.89%
- Q3
- 22.49%
- Median
- 11.74%
- Q1
- 4.10%
- Min
- -21.55%
PM
Food, Beverage & Tobacco industry group
575.44%
- Max
- 43.89%
- Q3
- 22.49%
- Median
- 11.74%
- Q1
- 4.10%
- Min
- -21.55%
Net Profit Margin (TTM)
British American Tobacco (BTI) leads with Net Profit Margin (TTM) of 30.32%, above its industry benchmark range, while Philip Morris International (PM) at 26.74% also ranks strongly in the top quartile.
BTI
Food, Beverage & Tobacco industry group
30.32%
- Max
- 27.80%
- Q3
- 12.39%
- Median
- 5.93%
- Q1
- 1.61%
- Min
- -14.07%
PM
Food, Beverage & Tobacco industry group
26.74%
- Max
- 27.80%
- Q3
- 12.39%
- Median
- 5.93%
- Q1
- 1.61%
- Min
- -14.07%
Operating Profit Margin (TTM)
Both British American Tobacco (BTI) at 39.04% and Philip Morris International (PM) at 36.73% post Operating Profit Margin (TTM) above their industry benchmark ranges, indicating unusually strong operating income retained from revenue.
BTI
Food, Beverage & Tobacco industry group
39.04%
- Max
- 30.01%
- Q3
- 15.34%
- Median
- 8.52%
- Q1
- 3.58%
- Min
- -9.05%
PM
Food, Beverage & Tobacco industry group
36.73%
- Max
- 30.01%
- Q3
- 15.34%
- Median
- 8.52%
- Q1
- 3.58%
- Min
- -9.05%
Profitability at a Glance
| Symbol | BTI | PM |
|---|---|---|
| Return on Equity (TTM) | 6.40% | 575.44% |
| Return on Assets (TTM) | 2.70% | 16.22% |
| Net Profit Margin (TTM) | 30.32% | 26.74% |
| Operating Profit Margin (TTM) | 39.04% | 36.73% |
| Gross Profit Margin (TTM) | 83.50% | 67.30% |
Financial Strength
Current Ratio (MRQ)
Both British American Tobacco (BTI) at 0.87 and Philip Morris International (PM) at 0.98 run Current Ratio (MRQ) in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
BTI
Food, Beverage & Tobacco industry group
0.87
- Max
- 4.41
- Q3
- 2.60
- Median
- 1.55
- Q1
- 1.01
- Min
- 0.45
PM
Food, Beverage & Tobacco industry group
0.98
- Max
- 4.41
- Q3
- 2.60
- Median
- 1.55
- Q1
- 1.01
- Min
- 0.45
Debt-to-Equity Ratio (MRQ)
British American Tobacco (BTI) at 0.75 is around its industry mid-range for Debt-to-Equity Ratio (MRQ), while Philip Morris International (PM) at 186.08 sits above its industry benchmark range, pointing to a heavier debt load relative to equity.
BTI
Food, Beverage & Tobacco industry group
0.75
- Max
- 2.65
- Q3
- 1.32
- Median
- 0.77
- Q1
- 0.33
- Min
- 0.00
PM
Food, Beverage & Tobacco industry group
186.08
- Max
- 2.65
- Q3
- 1.32
- Median
- 0.77
- Q1
- 0.33
- Min
- 0.00
Interest Coverage Ratio (TTM)
British American Tobacco (BTI) reports a problematic Interest Coverage Ratio (TTM) of -11.45; operating income or EBIT does not fully cover interest expense, so the ratio points to interest-payment strain. Meanwhile Philip Morris International (PM) reports 15.37, ranking against industry peers normally.
BTI
Food, Beverage & Tobacco industry group
-11.45
- Max
- 33.34
- Q3
- 18.06
- Median
- 6.63
- Q1
- 2.93
- Min
- -11.45
PM
Food, Beverage & Tobacco industry group
15.37
- Max
- 33.34
- Q3
- 18.06
- Median
- 6.63
- Q1
- 2.93
- Min
- -11.45
Financial Strength at a Glance
| Symbol | BTI | PM |
|---|---|---|
| Current Ratio (MRQ) | 0.87 | 0.98 |
| Quick Ratio (MRQ) | 0.55 | 0.54 |
| Debt-to-Equity Ratio (MRQ) | 0.75 | 186.08 |
| Interest Coverage Ratio (TTM) | -11.45 | 15.37 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | BTI | PM |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 0.10% | 9.09% |
| Revenue Growth (TTM vs Prior YoY) | -0.99% | 8.09% |
| 3-Year Revenue CAGR | -2.53% | 8.57% |
| 5-Year Revenue CAGR | -0.13% | 7.21% |
EPS Growth
EPS Growth at a Glance
| Symbol | BTI | PM |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | -- | -9.49% |
| EPS Growth (TTM vs Prior YoY) | 92.53% | 45.86% |
| 3-Year EPS CAGR | 6.29% | 7.70% |
| 5-Year EPS CAGR | 4.83% | 7.09% |
Dividend
Dividend Yield (TTM)
British American Tobacco (BTI) at 4.92% reports Dividend Yield (TTM) in the top quartile of industry peers, ahead of Philip Morris International (PM) at 2.95%, which sits around the industry mid-range.
BTI
Food, Beverage & Tobacco industry group
4.92%
- Max
- 10.06%
- Q3
- 4.46%
- Median
- 3.02%
- Q1
- 0.50%
- Min
- 0.00%
PM
Food, Beverage & Tobacco industry group
2.95%
- Max
- 10.06%
- Q3
- 4.46%
- Median
- 3.02%
- Q1
- 0.50%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both British American Tobacco (BTI) at 67.47% and Philip Morris International (PM) at 79.44% maintain Dividend Payout Ratio (TTM) around their industries’ median — balanced dividend policy on both sides, returning cash while leaving part of reported earnings available for reinvestment or balance-sheet flexibility.
BTI
Food, Beverage & Tobacco industry group
67.47%
- Max
- 195.44%
- Q3
- 88.50%
- Median
- 60.35%
- Q1
- 14.76%
- Min
- 0.00%
PM
Food, Beverage & Tobacco industry group
79.44%
- Max
- 195.44%
- Q3
- 88.50%
- Median
- 60.35%
- Q1
- 14.76%
- Min
- 0.00%
Dividend at a Glance
| Symbol | BTI | PM |
|---|---|---|
| Dividend Yield (TTM) | 4.92% | 2.95% |
| Dividend Payout Ratio (TTM) | 67.47% | 79.44% |
Valuation
Price-to-Earnings Ratio (TTM)
Both British American Tobacco (BTI) at 13.72 and Philip Morris International (PM) at 26.91 post Price-to-Earnings Ratio (TTM) near the typical industry midpoint — neither company stands out strongly from peers on trailing earnings multiple.
BTI
Food, Beverage & Tobacco industry group
13.72
- Max
- 50.71
- Q3
- 27.71
- Median
- 18.31
- Q1
- 12.18
- Min
- 1.60
PM
Food, Beverage & Tobacco industry group
26.91
- Max
- 50.71
- Q3
- 27.71
- Median
- 18.31
- Q1
- 12.18
- Min
- 1.60
Price-to-Sales Ratio (TTM)
British American Tobacco (BTI) at 4.16 sits in the higher-multiple quartile for Price-to-Sales Ratio (TTM), but Philip Morris International (PM) at 7.20 is higher still, above its industry benchmark range — both carry elevated trailing revenue multiples relative to peers, with PM higher.
BTI
Food, Beverage & Tobacco industry group
4.16
- Max
- 5.26
- Q3
- 2.57
- Median
- 1.10
- Q1
- 0.63
- Min
- 0.14
PM
Food, Beverage & Tobacco industry group
7.20
- Max
- 5.26
- Q3
- 2.57
- Median
- 1.10
- Q1
- 0.63
- Min
- 0.14
Price-to-Book Ratio (MRQ)
British American Tobacco (BTI) at 1.62 hovers around the typical industry Price-to-Book Ratio (MRQ), while Philip Morris International (PM) at 1,368.86 sits above its industry benchmark range — an elevated book-value multiple for PM relative to peers.
BTI
Food, Beverage & Tobacco industry group
1.62
- Max
- 6.13
- Q3
- 3.53
- Median
- 2.25
- Q1
- 1.25
- Min
- 0.63
PM
Food, Beverage & Tobacco industry group
1,368.86
- Max
- 6.13
- Q3
- 3.53
- Median
- 2.25
- Q1
- 1.25
- Min
- 0.63
Valuation at a Glance
| Symbol | BTI | PM |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 13.72 | 26.91 |
| Price-to-Sales Ratio (TTM) | 4.16 | 7.20 |
| Price-to-Book Ratio (MRQ) | 1.62 | 1,368.86 |
| Price-to-Free Cash Flow Ratio (TTM) | 19.62 | 26.15 |