Philip Morris, Currently the Largest Publicly Traded Tobacco Company
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The tobacco industry remains one of the most profitable business sectors globally. This is evident in the ever-increasing profits of tobacco companies over time.
Tobacco companies are also among the largest contributors to foreign exchange earnings in their respective countries. Ironically, however, vigorous anti-smoking campaigns are also being conducted by the countries where these tobacco companies operate.
According to data from *companiesmarket.com*, Philip Morris is currently the tobacco company with the largest market capitalization, reaching US$140.16 billion. Philip Morris had 71,000 employees in 2020.
Altria Group holds the next position with a market capitalization of US$79.37 billion, followed by British American Tobacco at US$79.37 billion. ITC and Japan Tobacco have market capitalizations of US$38.22 billion and US$35.29 billion, respectively.
Imperial Brands has a market capitalization of US$20.06 billion. Swedish Match and the Indonesian tobacco company, Sampoerna, have market capitalizations of US$11.53 billion and US$8.88 billion, respectively. RLX Technology and Gudang Garam have market capitalizations of US$8.49 billion and US$4.52 billion, respectively.
(Read More: [After Food, Indonesians Spend a Lot on Cigarettes in 2021](https://databoks.katadata.co.id/datapublish/2021/11/04/setelah-makanan-pengeluaran-masyarakat-indonesia-banyak-untuk-beli-rokok-pada-2021))
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