Key Takeaways Altria offsets falling cigarette volumes with pricing power and growth in oral tobacco products.Philip Morris drives growth with smoke-free products, now 41% of its net revenues in Q2 2025.PM boosts margins through $500M in cost savings, reinforcing global scale and execution strength.Altria Group, Inc. ((MO) and Philip Morris International Inc. ((PM) are two of the most prominent names in the global tobacco industry. Altria has a market capitalization of approximately$109.5 billion, anchored ...