BTI vs. PM: British American Tobacco vs. Philip Morris Stock Comparison
How do British American Tobacco (BTI) and Philip Morris (PM) 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 Philip Morris (PM) are both classified in the Tobacco sub-industry within the broader Tobacco industry, placing them in the closest GICS peer bucket.
Philip Morris (PM) 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.
| Profile Item | BTI | PM |
|---|---|---|
| Name | British American Tobacco p.l.c. ADR | 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 | 133.35 billion USD | 281.96 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | April 14, 1980 | March 17, 2008 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Performance Metrics
| Metric | BTI | PM |
|---|---|---|
| Total Return (1Y) | 36.09% | 2.93% |
Risk Profile
Drawdown History
Risk Metrics
| Metric | BTI | PM |
|---|---|---|
| Volatility (1Y, Annualized) | 23.35% | 28.20% |
| Beta (5Y) | 0.31 | 0.38 |
| Avg. Volume (3M) | 4.26M | 4.98M |
Risk-Adjusted Performance
Risk-Return Positioning
Profitability
ROE (TTM)
Capital efficiency shows on one side only: British American Tobacco (BTI) earns 15.82% on shareholders’ equity, ranked against its industry; Philip Morris (PM) has no ROE this period.
BTI
Food, Beverage & Tobacco industry group
15.82%
- Max
- 37.95%
- Q3
- 18.99%
- BTI
- 15.82%
- Median
- 14.93%
- Q1
- 3.88%
- Min
- -18.08%
PM
Food, Beverage & Tobacco industry group
--
- Max
- 37.95%
- Q3
- 18.99%
- Median
- 14.93%
- Q1
- 3.88%
- Min
- -18.08%
- PM
- --
Net Margin (TTM)
British American Tobacco (BTI) at 30.32% keeps the most of each sales dollar — above its industry’s net margin range — and Philip Morris (PM) at 26.74% also retains a top-quartile share.
BTI
Food, Beverage & Tobacco industry group
30.32%
- BTI
- 30.32%
- Max
- 27.80%
- Q3
- 12.29%
- Median
- 6.11%
- Q1
- 1.28%
- Min
- -7.46%
PM
Food, Beverage & Tobacco industry group
26.74%
- Max
- 27.80%
- PM
- 26.74%
- Q3
- 12.29%
- Median
- 6.11%
- Q1
- 1.28%
- Min
- -7.46%
Operating Margin (TTM)
Both British American Tobacco (BTI) at 34.58% and Philip Morris (PM) at 36.04% 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
34.58%
- Max
- 36.04%
- BTI
- 34.58%
- Q3
- 17.68%
- Median
- 10.44%
- Q1
- 3.65%
- Min
- -7.33%
PM
Food, Beverage & Tobacco industry group
36.04%
- PM
- 36.04%
- Max
- 36.04%
- Q3
- 17.68%
- Median
- 10.44%
- Q1
- 3.65%
- Min
- -7.33%
Profitability Metrics
| Metric | BTI | PM |
|---|---|---|
| ROE (TTM) | 15.82% | -- |
| ROA (TTM) | 5.34% | 15.46% |
| Net Margin (TTM) | 30.32% | 26.74% |
| Operating Margin (TTM) | 34.58% | 36.04% |
| Gross Margin (TTM) | 82.65% | 67.28% |
Growth
Revenue Growth
Revenue Growth Metrics
| Metric | BTI | PM |
|---|---|---|
| Revenue Growth (YoY) | -0.99% | 7.31% |
| Revenue Growth (3Y CAGR) | -2.53% | 8.57% |
EPS Growth
EPS Growth Metrics
| Metric | BTI | PM |
|---|---|---|
| EPS Growth (YoY) | 156.69% | 60.26% |
| EPS Growth (3Y CAGR) | 6.15% | 7.71% |
Financial Strength
Current Ratio (MRQ)
Both British American Tobacco (BTI) at 0.87 and Philip Morris (PM) at 0.98 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
0.87
- Max
- 5.06
- Q3
- 2.66
- Median
- 1.60
- Q1
- 1.05
- BTI
- 0.87
- Min
- 0.54
PM
Food, Beverage & Tobacco industry group
0.98
- Max
- 5.06
- Q3
- 2.66
- Median
- 1.60
- Q1
- 1.05
- PM
- 0.98
- Min
- 0.54
Debt / Equity (MRQ)
Only one side’s leverage can be read here: British American Tobacco (BTI) carries debt-to-equity ratio of 0.73 against its industry range, while Philip Morris (PM) reports no figure this period.
BTI
Food, Beverage & Tobacco industry group
0.73
- Max
- 2.20
- Q3
- 1.12
- BTI
- 0.73
- Median
- 0.70
- Q1
- 0.35
- Min
- 0.00
PM
Food, Beverage & Tobacco industry group
--
- Max
- 2.20
- Q3
- 1.12
- Median
- 0.70
- Q1
- 0.35
- Min
- 0.00
- PM
- --
Financial Strength Metrics
| Metric | BTI | PM |
|---|---|---|
| Current Ratio (MRQ) | 0.87 | 0.98 |
| Debt / Equity (MRQ) | 0.73 | -- |
| Net Debt / EBITDA | 2.66 | 2.50 |
Dividends
Dividend Yield (TTM)
Both British American Tobacco (BTI) at 3.91% and Philip Morris (PM) at 3.15% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
BTI
Food, Beverage & Tobacco industry group
3.91%
- Max
- 10.01%
- Q3
- 4.23%
- BTI
- 3.91%
- Median
- 2.71%
- Q1
- 0.00%
- Min
- 0.00%
PM
Food, Beverage & Tobacco industry group
3.15%
- Max
- 10.01%
- Q3
- 4.23%
- PM
- 3.15%
- Median
- 2.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both British American Tobacco (BTI) at 68.73% and Philip Morris (PM) at 81.09% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
BTI
Food, Beverage & Tobacco industry group
68.73%
- Max
- 159.06%
- Q3
- 86.47%
- BTI
- 68.73%
- Median
- 44.62%
- Q1
- 0.00%
- Min
- 0.00%
PM
Food, Beverage & Tobacco industry group
81.09%
- Max
- 159.06%
- Q3
- 86.47%
- PM
- 81.09%
- Median
- 44.62%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BTI | PM |
|---|---|---|
| Dividend Yield (TTM) | 3.91% | 3.15% |
| Dividend Payout Ratio (TTM) | 68.73% | 81.09% |
Valuation
P/E Ratio (TTM)
Both British American Tobacco (BTI) at 13.40 and Philip Morris (PM) at 25.44 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
13.40
- Max
- 47.93
- Q3
- 29.08
- Median
- 18.25
- BTI
- 13.40
- Q1
- 11.32
- Min
- 5.61
PM
Food, Beverage & Tobacco industry group
25.44
- Max
- 47.93
- Q3
- 29.08
- PM
- 25.44
- Median
- 18.25
- Q1
- 11.32
- Min
- 5.61
P/S Ratio (TTM)
Both look expensive on sales: British American Tobacco (BTI) at 5.21 sits in the upper P/S ratio quartile, and Philip Morris (PM) at 6.80 prices even higher, above its industry range.
BTI
Food, Beverage & Tobacco industry group
5.21
- BTI
- 5.21
- Max
- 5.21
- Q3
- 2.44
- Median
- 0.95
- Q1
- 0.53
- Min
- 0.00
PM
Food, Beverage & Tobacco industry group
6.80
- PM
- 6.80
- Max
- 5.21
- Q3
- 2.44
- Median
- 0.95
- Q1
- 0.53
- Min
- 0.00
P/B Ratio (MRQ)
Philip Morris (PM) reports a negative P/B ratio of -30.38, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile British American Tobacco (BTI) reports 11.04, ranking against industry peers normally.
BTI
Food, Beverage & Tobacco industry group
11.04
- BTI
- 11.04
- Max
- 6.01
- Q3
- 3.17
- Median
- 1.68
- Q1
- 0.90
- Min
- 0.00
PM
Food, Beverage & Tobacco industry group
-30.38
- Max
- 6.01
- Q3
- 3.17
- Median
- 1.68
- Q1
- 0.90
- Min
- 0.00
- PM
- -30.38
Valuation Metrics
| Metric | BTI | PM |
|---|---|---|
| P/E Ratio (TTM) | 13.40 | 25.44 |
| P/S Ratio (TTM) | 5.21 | 6.80 |
| P/B Ratio (MRQ) | 11.04 | -30.38 |
| Free Cash Flow Yield (TTM) | 2.25% | 3.04% |